Cincinnati Financial Corporation (CINF) Key Metrics
CINF valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $26.28B
- Enterprise value
- $24.08B
- P/E (TTM)
- 8.1 10-yr median 10.8
- Forward P/E
- 18.5
- PEG ratio
- 2.19
- Price / sales
- 1.9 10-yr median 2.1
- Price / book
- 1.6 10-yr median 1.6
- EV / EBITDA
- — 10-yr median 2.2
- Dividend yield
- 2.20% $3.76 a year
- Beta
- 0.53
CINF key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsCINF valuation Price multiples at each fiscal year-end price.
CINF returns How much profit the business earns on the capital it uses.
CINF per-share figures Results divided by the shares outstanding at year-end.
CINF financial health Debt, liquidity and how easily interest is covered.
CINF efficiency & capital use Working capital cycle and where the cash goes.
CINF valuation history
CINF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CINF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CINF cash returned to shareholders
CINF price vs earnings per share
CINF key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $25.76B | $22.68B | $16.36B | $16.26B | $18.54B | $14.19B | $17.36B | $12.74B | $12.45B | $12.61B |
| Enterprise value | $6.95B | $6.09B | $2.53B | $3.75B | $5.27B | $1.85B | $5.78B | $12.82B | $12.64B | $12.68B |
| P/E ratio | 10.8 | 9.9 | 8.9 | — | 6.2 | 11.7 | 8.7 | 44.4 | 11.9 | 21.3 |
| Price / sales | 2.0 | 2.0 | 1.6 | 2.5 | 1.9 | 1.9 | 2.2 | 2.4 | 2.2 | 2.3 |
| Price / book | 1.6 | 1.6 | 1.4 | 1.5 | 1.4 | 1.3 | 1.8 | 1.6 | 1.5 | 1.8 |
| Price / free cash flow | 8.3 | 8.6 | 8.0 | 8.0 | 9.4 | 9.6 | 14.7 | 11.0 | 12.0 | 11.6 |
| Price / operating cash flow | 8.3 | 8.6 | 8.0 | 7.9 | 9.4 | 9.5 | 14.4 | 10.8 | 11.8 | 11.4 |
| EV / sales | 0.6 | 0.5 | 0.3 | 0.6 | 0.5 | 0.2 | 0.7 | 2.4 | 2.2 | 2.3 |
| EV / EBITDA | 2.2 | 2.0 | 1.1 | — | 1.4 | 1.1 | 2.2 | 34.9 | 15.1 | 13.9 |
| EV / free cash flow | 2.2 | 2.3 | 1.2 | 1.8 | 2.7 | 1.3 | 4.9 | 11.0 | 12.2 | 11.6 |
| Earnings yield | 9.3% | 10.1% | 11.3% | −3.0% | 16.0% | 8.6% | 11.5% | 2.3% | 8.4% | 4.7% |
| Free cash flow yield | 12.0% | 11.6% | 12.4% | 12.5% | 10.6% | 10.4% | 6.8% | 9.1% | 8.3% | 8.6% |
| Dividend yield | 2.0% | 2.2% | 2.8% | 2.6% | 2.1% | 2.6% | 2.0% | 2.6% | 3.2% | 2.4% |
| Shareholder yield (dividends + buybacks) | 2.8% | 2.7% | 3.2% | 5.1% | 2.9% | 4.5% | 2.4% | 3.6% | 4.0% | 2.7% |
| Share price at fiscal year-end | $163.32 | $143.70 | $103.46 | $102.39 | $113.93 | $87.37 | $105.15 | $77.42 | $74.97 | $75.75 |
| Per share | ||||||||||
| Revenue per share | $80.07 | $71.84 | $63.33 | $41.33 | $59.16 | $46.40 | $48.00 | $32.87 | $34.53 | $32.73 |
| Earnings per share | $15.17 | $14.52 | $11.66 | −$3.07 | $18.24 | $7.49 | $12.10 | $1.74 | $6.30 | $3.55 |
| Operating cash flow per share | $19.73 | $16.79 | $12.98 | $12.92 | $12.18 | $9.18 | $7.32 | $7.18 | $6.34 | $6.62 |
| Free cash flow per share | $19.60 | $16.65 | $12.87 | $12.83 | $12.08 | $9.06 | $7.17 | $7.06 | $6.24 | $6.55 |
| Cash per share | $124.90 | $110.67 | $92.97 | $84.36 | $87.04 | $81.51 | $75.50 | $4.77 | $3.96 | $4.67 |
| Book value per share | $100.86 | $88.31 | $76.52 | $66.51 | $80.55 | $66.43 | $59.75 | $47.62 | $49.66 | $42.40 |
| Tangible book value per share | $92.15 | $80.25 | $69.42 | $59.94 | $74.80 | −$57.38 | −$52.78 | $50.68 | $53.52 | $47.11 |
| Dividends per share | $3.33 | $3.11 | $2.87 | $2.66 | $2.43 | $2.31 | $2.15 | $2.04 | $2.41 | $1.84 |
| Capex per share | $0.13 | $0.14 | $0.11 | $0.09 | $0.09 | $0.12 | $0.15 | $0.12 | $0.10 | $0.08 |
| Debt per share | $5.62 | $5.54 | $5.53 | $5.61 | $5.51 | $5.54 | $5.35 | $5.26 | $5.13 | $5.08 |
| Shares outstanding | 157.7M | 157.8M | 158.1M | 158.8M | 162.7M | 162.4M | 165.1M | 164.5M | 166.0M | 166.5M |
| Change in shares outstanding | −0.0% | −0.2% | −0.4% | −2.4% | +0.2% | −1.6% | +0.4% | −0.9% | −0.3% | +0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 16.0% | 17.6% | 16.3% | −4.1% | 24.8% | 11.8% | 22.6% | 3.6% | 13.7% | 8.8% |
| Return on invested capital (ROIC) | — | — | — | — | — | — | — | 3.1% | 9.4% | 8.5% |
| Return on assets (ROA) | 6.2% | 6.6% | 5.9% | −1.6% | 10.1% | 4.6% | 8.4% | 1.3% | 4.9% | 3.0% |
| Return on tangible assets | 6.0% | 6.5% | 5.8% | −1.7% | 9.7% | 16.4% | 29.2% | 1.3% | 4.6% | 2.8% |
| Free cash flow margin | 24.5% | 23.2% | 20.3% | 31.0% | 20.4% | 19.5% | 14.9% | 21.5% | 18.1% | 20.0% |
| Income quality (OCF / net income) | 1.30 | 1.16 | 1.11 | — | 0.67 | 1.23 | 0.60 | 4.11 | 1.01 | 1.87 |
| Financial health | ||||||||||
| Total debt | $886.0M | $875.0M | $874.0M | $891.0M | $897.0M | $899.0M | $884.0M | $866.0M | $851.0M | $846.0M |
| Cash & short-term investments | $19.70B | $17.46B | $14.70B | $13.40B | $14.16B | $13.24B | $12.46B | $784.0M | $657.0M | $777.0M |
| Net debt | −$18.82B | −$16.59B | −$13.82B | −$12.51B | −$13.26B | −$12.34B | −$11.58B | $82.0M | $194.0M | $69.0M |
| Debt / equity | 0.06 | 0.06 | 0.07 | 0.08 | 0.07 | 0.08 | 0.09 | 0.11 | 0.10 | 0.12 |
| Debt / assets | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 |
| Net debt / EBITDA | −5.88 | −5.45 | −6.07 | — | −3.45 | −7.55 | −4.46 | 0.22 | 0.23 | 0.08 |
| Current ratio | 1.29 | 1.31 | 1.26 | 1.26 | 1.38 | 16.67 | 19.67 | 0.06 | 0.05 | 0.06 |
| Quick ratio | 1.29 | 1.31 | 2.52 | 1.61 | 1.72 | 83.31 | 102.05 | 0.06 | 0.05 | 0.06 |
| Interest coverage | 56.2 | 53.9 | 42.1 | -13.1 | 69.8 | 27.8 | 46.6 | 4.7 | 13.8 | 15.3 |
| Working capital | $5.33B | $5.05B | $3.78B | $3.49B | $4.73B | $846.0M | $728.0M | −$12.53B | −$12.16B | −$11.76B |
| Invested capital | −$2.90B | −$2.65B | −$1.73B | −$1.94B | −$159.0M | −$1.55B | −$1.72B | $7.92B | $8.44B | $7.13B |
| Tangible asset value | $14.54B | $12.66B | $10.97B | $9.52B | $12.17B | −$9.32B | −$8.71B | $8.34B | $8.88B | $7.84B |
| Net current asset value | −$1.14B | −$1.20B | −$2.38B | −$2.48B | −$1.18B | −$15.85B | −$14.78B | −$13.32B | −$12.94B | −$12.55B |
| Graham number | $185.55 | $169.88 | $141.67 | — | $181.83 | $105.79 | $127.51 | $43.23 | $83.87 | $58.19 |
| Graham net-net per share | −$14.30 | −$14.12 | −$78.66 | −$35.38 | −$24.82 | −$20.59 | −$16.58 | −$70.33 | −$67.96 | −$65.18 |
| Capital allocation | ||||||||||
| Dividends paid | $525.0M | $490.0M | $454.0M | $423.0M | $395.0M | $375.0M | $355.0M | $336.0M | $400.0M | $306.0M |
| Share buybacks (net) | $205.0M | $126.0M | $67.0M | $410.0M | $144.0M | $261.0M | $67.0M | $125.0M | $92.0M | $39.0M |
| Dividend payout ratio | 21.9% | 21.4% | 24.6% | — | 13.3% | 30.8% | 17.8% | 117.1% | 38.3% | 51.8% |
| Dividends + buybacks / free cash flow | 23.6% | 23.4% | 25.6% | 40.9% | 27.4% | 43.2% | 35.6% | 39.7% | 47.5% | 31.7% |
| Capex / revenue | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 0.4% | 0.3% | 0.2% |
| Capex / operating cash flow | 0.6% | 0.8% | 0.9% | 0.7% | 0.8% | 1.3% | 2.0% | 1.7% | 1.5% | 1.2% |
| Capex / depreciation | 0.12 | 0.17 | 0.16 | 0.12 | 0.16 | 0.25 | 0.33 | 0.32 | 0.29 | 0.27 |
| Stock-based compensation / revenue | 0.3% | 0.4% | 0.4% | 0.4% | 0.3% | 0.4% | 0.4% | 0.5% | 0.5% | 0.4% |
| SG&A / revenue | 26.6% | — | — | — | — | — | — | — | — | — |
| Efficiency | ||||||||||
| Days sales outstanding | 115.8 | 118.8 | 123.6 | 169.7 | 104.1 | 126.5 | 113.5 | 153.5 | 142.6 | 148.3 |
| Days of inventory on hand | — | — | -166,352.4 | -315.5 | -360.9 | -300.7 | -322.4 | — | — | — |
| Days payables outstanding | — | — | — | 206.5 | 233.2 | 199.2 | 203.4 | 99.9 | 0.0 | 0.0 |
| Cash conversion cycle (days) | — | — | — | -352.3 | -490.0 | -373.4 | -412.2 | 53.6 | 142.6 | 148.3 |
| Receivables turnover | 3.15 | 3.07 | 2.95 | 2.15 | 3.51 | 2.89 | 3.22 | 2.38 | 2.56 | 2.46 |
| Payables turnover | — | — | — | 1.77 | 1.57 | 1.83 | 1.79 | 3.65 | — | — |
| Asset turnover | 0.33 | 0.33 | 0.32 | 0.21 | 0.33 | 0.28 | 0.33 | 0.25 | 0.27 | 0.28 |
| Average receivables | $4.01B | $3.69B | $3.39B | $3.05B | $2.75B | $2.61B | $2.46B | $2.27B | $2.24B | $2.21B |
| Average payables | — | — | — | $2.84B | $2.50B | $2.26B | $2.03B | $955.0M | $0 | $0 |
| Average inventory | — | — | −$11.39B | −$4.34B | −$3.87B | −$3.41B | −$3.21B | — | $0 | $0 |
| Intangibles / total assets | 3.4% | 3.5% | 3.4% | 3.5% | 3.0% | 73.0% | 73.1% | −2.3% | −2.9% | −3.8% |
Computed from CINF's annual financial statements (latest annual report filed February 23, 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.
CINF valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Cincinnati Financial traded at 10.8 times earnings, against a 10-year median of 10.8. Based on the latest twelve months, the trailing P/E is 8.1 and the forward P/E is 18.5. Cincinnati Financial earned a return on equity of 16.0% in fiscal 2025. It ended the year with $886.0 million of debt and $19.7 billion in cash and short-term investments, a net cash position of $18.8 billion. It returned $730.0 million to shareholders: $525.0 million in dividends and $205.0 million in share buybacks, 24% of free cash flow. The share count fell 5.3% from 166.5M to 157.7M over 9 years.
See the CINF income statement, the CINF chart for price history, or the CINF stock overview for the latest quote and news.
CINF key metrics FAQ
What is Cincinnati Financial's P/E ratio?
Cincinnati Financial's trailing P/E ratio is 8.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 18.5. At the end of fiscal 2025 it was 10.8, compared with a 10-year median of 10.8.
What is Cincinnati Financial's EV/EBITDA?
Cincinnati Financial's enterprise value was 2.2 times EBITDA at the end of fiscal 2025 (enterprise value $6.9 billion, EBITDA $3.2 billion).
What is Cincinnati Financial's return on equity?
Cincinnati Financial's return on equity (ROE) was 16.0% in fiscal 2025: net income of $2.4 billion on average shareholders' equity of $14.9 billion.
How much debt does Cincinnati Financial have?
Cincinnati Financial had total debt of $886.0 million at the end of fiscal 2025, a debt-to-equity ratio of 0.06 and more cash than debt.
What is Cincinnati Financial's dividend yield?
Cincinnati Financial's forward dividend yield is 2.20%. Cincinnati Financial paid $525.0 million in dividends in fiscal 2025 ($3.33 per share), a payout ratio of 21.9%.
Does Cincinnati Financial buy back its shares?
Yes. Cincinnati Financial spent $205.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.0% over the year, to 157.7M..
What is Cincinnati Financial's free cash flow yield?
Cincinnati Financial generated $3.1 billion of free cash flow in fiscal 2025, a free cash flow yield of 12.0% on its market value at year-end ($25.8 billion).
What is Cincinnati Financial's current ratio?
Cincinnati Financial's current ratio was 1.29 at the end of fiscal 2025: current assets were 1.29 times current liabilities.