Ategrity Specialty Insurance Company Holdings (ASIC) Key Metrics
ASIC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.31B
- Enterprise value
- $1.24B
- P/E (TTM)
- 12.7
- Forward P/E
- 9.9
- PEG ratio
- —
- Price / sales
- 2.5
- Price / book
- 1.9
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- —
ASIC key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsASIC returns How much profit the business earns on the capital it uses.
ASIC per-share figures Results divided by the shares outstanding at year-end.
ASIC financial health Debt, liquidity and how easily interest is covered.
ASIC efficiency & capital use Working capital cycle and where the cash goes.
ASIC valuation history
ASIC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ASIC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ASIC cash returned to shareholders
ASIC price vs earnings per share
ASIC key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Valuation | |||
| Market capitalization | $971.4M | — | — |
| Enterprise value | $698.1M | — | — |
| P/E ratio | 13.1 | — | — |
| Price / sales | 2.3 | — | — |
| Price / book | 1.6 | — | — |
| Price / free cash flow | 6.9 | — | — |
| Price / operating cash flow | 6.6 | — | — |
| EV / sales | 1.6 | — | — |
| EV / EBITDA | 7.1 | — | — |
| EV / free cash flow | 5.0 | — | — |
| Earnings yield | 7.6% | — | — |
| Free cash flow yield | 14.5% | — | — |
| Dividend yield | 0.7% | — | — |
| Shareholder yield (dividends + buybacks) | 1.0% | — | — |
| Share price at fiscal year-end | $21.01 | — | — |
| Per share | |||
| Revenue per share | $9.18 | $7.10 | $4.98 |
| Earnings per share | $1.60 | $0.97 | $0.21 |
| Operating cash flow per share | $3.18 | $2.59 | $2.59 |
| Free cash flow per share | $3.04 | $2.59 | $2.59 |
| Cash per share | $5.94 | $10.69 | $7.49 |
| Book value per share | $13.29 | $8.22 | $6.64 |
| Tangible book value per share | $12.63 | $7.77 | $6.16 |
| Dividends per share | $0.15 | $0.01 | $0.01 |
| Capex per share | $0.14 | $0.00 | $0.00 |
| Debt per share | $0.03 | $0.04 | — |
| Shares outstanding | 46.2M | 48.5M | 48.5M |
| Change in shares outstanding | −4.6% | 0.0% | — |
| Returns & profitability | |||
| Return on equity (ROE) | 14.6% | 13.1% | 3.1% |
| Return on invested capital (ROIC) | 68.2% | — | — |
| Return on assets (ROA) | 5.7% | 4.7% | 1.1% |
| Return on tangible assets | 5.1% | 4.3% | 1.2% |
| Free cash flow margin | 33.2% | 36.5% | 52.1% |
| Income quality (OCF / net income) | 1.99 | 2.67 | 12.50 |
| Financial health | |||
| Total debt | $1.4M | $2.0M | — |
| Cash & short-term investments | $274.7M | $517.9M | $362.8M |
| Net debt | −$273.3M | −$515.9M | −$362.8M |
| Debt / equity | 0.00 | 0.00 | — |
| Debt / assets | 0.00 | 0.00 | — |
| Net debt / EBITDA | −2.79 | −7.48 | −24.05 |
| Current ratio | 0.69 | 1.28 | 1.07 |
| Quick ratio | 0.69 | 1.28 | 1.07 |
| Interest coverage | 70.6 | 32.5 | 5.6 |
| Working capital | −$267.5M | $198.2M | $41.1M |
| Invested capital | $341.0M | −$117.6M | −$41.1M |
| Tangible asset value | $584.7M | $377.3M | $299.0M |
| Net current asset value | −$271.7M | $191.8M | $30.6M |
| Graham number | $21.87 | $13.41 | $5.56 |
| Graham net-net per share | −$8.82 | $0.79 | −$1.13 |
| Capital allocation | |||
| Dividends paid | $6.9M | $414,000 | $414,000 |
| Share buybacks (net) | $2.7M | $414,000 | $414,000 |
| Dividend payout ratio | 9.3% | 0.9% | 4.1% |
| Dividends + buybacks / free cash flow | 6.8% | 0.7% | 0.7% |
| Capex / revenue | 1.5% | 0.0% | 0.0% |
| Capex / operating cash flow | 4.4% | 0.0% | 0.0% |
| Capex / depreciation | 10.90 | 0.00 | 0.00 |
| Stock-based compensation / revenue | 0.2% | 0.6% | 0.8% |
| Efficiency | |||
| Days sales outstanding | 241.8 | 273.7 | 286.4 |
| Days payables outstanding | 118.0 | 83.5 | 61.2 |
| Cash conversion cycle (days) | 123.8 | 190.2 | 225.3 |
| Receivables turnover | 1.51 | 1.33 | 1.27 |
| Payables turnover | 3.09 | 4.37 | 5.97 |
| Asset turnover | 0.33 | 0.34 | 0.27 |
| Average receivables | $281.1M | $257.9M | $189.4M |
| Average payables | $68.6M | $54.0M | $33.6M |
| Intangibles / total assets | 2.0% | 1.9% | 2.6% |
Computed from ASIC's annual financial statements (latest annual report filed March 6, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ASIC valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Ategrity Specialty Insurance traded at 13.1 times earnings. Based on the latest twelve months, the trailing P/E is 12.7 and the forward P/E is 9.9. Ategrity Specialty Insurance earned a return on equity of 14.6% and a return on invested capital of 68.2% in fiscal 2025. It ended the year with $1.4 million of debt and $274.7 million in cash and short-term investments, a net cash position of $273.3 million. It returned $9.6 million to shareholders: $6.9 million in dividends and $2.7 million in share buybacks, 7% of free cash flow.
See the ASIC income statement, the ASIC chart for price history, or the ASIC stock overview for the latest quote and news.
ASIC key metrics FAQ
What is Ategrity Specialty Insurance's P/E ratio?
Ategrity Specialty Insurance's trailing P/E ratio is 12.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.9. At the end of fiscal 2025 it was 13.1.
What is Ategrity Specialty Insurance's EV/EBITDA?
Ategrity Specialty Insurance's enterprise value was 7.1 times EBITDA at the end of fiscal 2025 (enterprise value $698.1 million, EBITDA $97.9 million).
What is Ategrity Specialty Insurance's return on equity?
Ategrity Specialty Insurance's return on equity (ROE) was 14.6% in fiscal 2025: net income of $74.0 million on average shareholders' equity of $506.3 million.
What is Ategrity Specialty Insurance's ROIC?
Ategrity Specialty Insurance's return on invested capital was 68.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Ategrity Specialty Insurance have?
Ategrity Specialty Insurance had total debt of $1.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.00 and more cash than debt.
What is Ategrity Specialty Insurance's dividend yield?
Ategrity Specialty Insurance paid $6.9 million in dividends in fiscal 2025 ($0.15 per share), a payout ratio of 9.3%.
Does Ategrity Specialty Insurance buy back its shares?
Yes. Ategrity Specialty Insurance spent $2.7 million on net share repurchases in fiscal 2025 Shares outstanding changed −4.6% over the year, to 46.2M..
What is Ategrity Specialty Insurance's free cash flow yield?
Ategrity Specialty Insurance generated $140.7 million of free cash flow in fiscal 2025, a free cash flow yield of 14.5% on its market value at year-end ($971.4 million).
What is Ategrity Specialty Insurance's current ratio?
Ategrity Specialty Insurance's current ratio was 0.69 at the end of fiscal 2025: current assets were 0.69 times current liabilities.