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Markel Group Inc (MKL)

Undervalued
Financial ServicesInsurance - Property & CasualtyUnited States

Fundamental

77

Price

$1712.45

Market Cap

$21.56B

Part 1 · What the company is worth

Overview

Markel Group Inc. engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific. It operates through Markel Insurance, Industrial, Financial, and Consumer and Other segments. The company offers general and professional liability, specialty programs, workers' compensation, and marine and energy insurance; personal lines insurance, such as property coverage for homeowners; property insurance coverages, including fire, windstorm, hail, water damage, and catastrophe-exposed property risks, such as earthquake and wind; and credit and surety products. It also distributes exterior building products, such as siding, windows, doors, roofing, and gutters; invests in asset and wealth management companies; engages in the homebuilding of single-family homes, townhouses, and condominiums; designs and provides leather handbags and accessories; owns and operates manufactured housing communities; and sponsors teachers for placement. In addition, the company offers structural and architectural precast concrete; ornamental plants; industrial bakery equipment; over-the-road car-hauling equipment, such as trailers; cutter suction and auger dredges; and laminated oak and composite flooring for trailers. Further, it provides fire protection, life safety, and low-voltage solutions; heavy lift crawler cranes; erosion control and stormwater management; gas containment and transportation equipment; wall panel systems and dorm room furniture; insurance-linked securities investment and insurance management; equipment leasing; fronting and automobile collateral protection coverage; information technology consulting; data collection and pricing intelligence solutions; and concierge healthcare membership services. The company was formerly known as Markel Corporation and changed its name to Markel Group Inc. in May 2023. Markel Group Inc. was founded in 1930 and is headquartered in Glen Allen, Virginia.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on September 19, 2026 with claude-haiku-4-5 — shared with all users

P/E: 13.9Score: 75Market cap: $24.98B

The closest like-for-like peer: a decentralized US specialty property and casualty insurer whose many underwriting units chase the same excess and surplus lines and niche commercial accounts through the same wholesale brokers as Markel.

P/E: 7.2Score: 84Market cap: $32.42B

Competes with Markel on both sides of its underwriting business, writing specialty commercial insurance in the US and London market and global reinsurance for the same cedents.

P/E: 13.1Score: 83Market cap: $7.40B

A pure excess and surplus lines insurer for small and mid-sized commercial risks, competing directly for the wholesale-brokered business that is the core of Markel's US insurance engine.

RLI Corp.RLI

A specialty property and casualty underwriter targeting the same hard-to-place niche risks — surety, transportation, professional and personal umbrella lines — that Markel's excess and surplus lines units write.

Fairfax Financial Holdings LimitedNot tracked

Markel's closest structural rival: a holding company that writes specialty insurance and reinsurance worldwide and reinvests the float in listed securities and wholly owned operating businesses, competing for the same underwriting accounts and the same acquisitions.

Chubb LimitedCB

The largest publicly traded property and casualty insurer, whose specialty commercial and excess and surplus divisions bid against Markel for the same mid-market and complex corporate accounts.

Balance Sheet & Liquidity

Revenue

$15.51B

Trailing 12 months (through 6/30/2026)

Net Income

$2.28B

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$2.55B

Total Equity

$18.60B

Total Liabilities

$49.80B

Current Ratio

-

Interest Coverage

15.16

Debt/EBITDA

1.23

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

InsuranceUndervalued

Fair Value

$2526.43

Current Price

$1712.45

Margin of Safety

+32.2%

Fair Value Range

$1642.18 - $3410.68

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$1956.33
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):$3196.42
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):Not applicable to this type of company
Justified P/B:$3098.39
Dividend discount (Gordon):$36.88
P/FFO, funds from operations:Not applicable to this type of company
Mid-cycle earnings:Not applicable to this type of company
Revenue multiple:Not applicable to this type of company
Analyst Consensus:Sell (0B / 9H / 6S)
Last Earnings Surprise:-65.21%

Valuation Metrics

P/E Ratio

9.44

ROE

11.3%

P/B Ratio

1.12

P/FCF

10.02

Gross Margin

-

ROIC

-

Profitability Radar

Value Creation (Economic Moat)

ROIC

-

WACC

7.3%

ROIC − WACC

-

Fundamental Analysis Criteria

Passed (19)

  • EPS shows upward trend
  • Price CAGR 7.03%
  • P/FCF 10.02
  • P/B Ratio 1.12
  • Debt/Equity ratio
  • Operating Margin 19.9%
  • Positive Free Cash Flow
  • CapEx intensity
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • ROE 12.4%
  • Revenue Growth 5Y 11.3%
  • Earnings Surprise avg 31.5%
  • PEG Ratio 0.40
  • Earnings Quality (OCF/NI) 1.02
  • Share Dilution -9.7%

Failed (4)

  • DCF valuation (Fairly valued)
  • Analyst Consensus 0% Buy
  • Net Margin Trend 14.7% vs 15.7%
  • Piotroski F-Score 4/9

Unavailable (4)

  • ROIC NaN%
  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Current Ratio

Piotroski F-Score

4/9

Mixed signals: some areas need attention

score
criteria

Earnings Quality

1.02

High quality: earnings backed by cash

Share Dilution

-9.7%

Buying back shares. Shareholder friendly

Institutional Holdings

Governance

Executive Team

NameTitleAge
Mr. Thomas Sinnickson GaynerCEO & Director64
Mr. Brian Jeffrey CostanzoCFO & Chief Financial Officer of Markel Insurance Operations47
Mr. Richard Randolph GrinnanSenior VP, Chief Legal Officer & Secretary56
Mr. Simon WilsonExecutive VP & CEO of Markel Insurance47
Ms. Meade P. GrandisChief Accounting Officer & Controller-
Ms. Amy McCannChief Administrative Officer-
Ms. Jennifer BlackwellDeputy Chief Communications Officer-
Mr. Frederick W. May Jr.Vice President of Sales & Business Development-
Mr. Jeff LambExecutive Director of Programs and Alliances - Markel Specialty-
Mr. Sal Pollaro Jr.Regional President for Northeast region of US Wholesale & Specialty division-

Audit Risk

2

Board Risk

6

Compensation Risk

1

Shareholder Rights Risk

2

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-02-26

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-07-29

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-09-08

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for MKL, sourced from Markets Gazette.

  • 4/30/2026POSITIVE
    Jana Pushes Markel to Divest Ventures, Buy Back $2 Billion Shares

    Activist investor Jana Partners is urging Markel Group Inc. to divest its venture capital arm and repurchase $2 billion of its own stock. This dual strategy aims to unlock shareholder value by streamlining operations and directly returning capital to investors. The divestiture of the venture arm could allow Markel to focus on its core insurance business, potentially improving profitability and operational efficiency. The significant share buyback program is expected to reduce the number of outstanding shares, thereby increasing earnings per share and potentially driving up the stock price. Investors will be watching Markel's response closely.

via Markets Gazette