Markel has built a reputation as a "mini-Berkshire," and while we think it is a solid franchise, we believe the premium the market has at times awarded the company based on this narrative is not fully justified.
Markel's focus on specialty lines creates the potential for a moat.
Markel's relatively large exposure to equities makes the company much more vulnerable than peers to a bear market and reduces the upside from higher interest rates.
|
Metric
|
MKL
|
FFH
|
WRB
|
|---|---|---|---|
Price/Earnings (Normalized) | 16.20 | 7.81 | 14.36 |
Price/Book Value | 1.13 | 1.28 | 2.60 |
Price/Sales | 1.30 | 1.20 | 1.83 |
Price/Cash Flow | 9.33 | — | 14.58 |
|
Metric
|
MKL
|
FFH
|
WRB
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | 15.52 | 8.40 | 20.01 |
|
Metric
|
MKL
|
FFH
|
WRB
|
|---|---|---|---|
Return on Assets (Normalized) | 3.39% | 4.84% | 4.31% |
Return on Equity (Normalized) | 12.77% | 20.69% | 19.65% |
Return on Invested Capital (Normalized) | 10.78% | 13.11% | 15.96% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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CB
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PGR
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TKOMY
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| Tokio Marine Holdings Inc
TKOMF
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TRV
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ALL
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| The People's Insurance Co (Group) of China Ltd Class H
PINXF
| — | LOCK|<G! | $48B | |||
| WR Berkley Corp
WRB
| LOCK|%q>^d>M | LOCK|W#Pt | $26B |
United States