Greenlight Capital Re, Ltd. (GLRE) Key Metrics
GLRE valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $483.7M
- Enterprise value
- $423.4M
- P/E (TTM)
- 10.0 10-yr median 12.8
- Forward P/E
- 4.6
- PEG ratio
- 1.68
- Price / sales
- 0.7 10-yr median 0.7
- Price / book
- 0.7 10-yr median 0.7
- EV / EBITDA
- — 10-yr median 11.2
- Dividend yield
- —
- Beta
- 0.27
GLRE key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGLRE valuation Price multiples at each fiscal year-end price.
GLRE returns How much profit the business earns on the capital it uses.
GLRE per-share figures Results divided by the shares outstanding at year-end.
GLRE financial health Debt, liquidity and how easily interest is covered.
GLRE efficiency & capital use Working capital cycle and where the cash goes.
GLRE valuation history
GLRE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GLRE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GLRE cash returned to shareholders
GLRE price vs earnings per share
GLRE key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $503.0M | $485.1M | $397.4M | $324.1M | $269.3M | $265.2M | $364.8M | $309.9M | $743.7M | $851.4M |
| Enterprise value | $396.0M | $481.2M | $419.6M | $468.9M | $295.4M | $357.1M | $432.5M | $382.9M | $787.3M | $834.0M |
| P/E ratio | 6.7 | 11.3 | 4.6 | 12.8 | 15.3 | 68.6 | — | — | — | 19.0 |
| Price / sales | 0.7 | 0.7 | 0.6 | 0.7 | 0.5 | 0.6 | 0.7 | 1.3 | 1.2 | 1.4 |
| Price / book | 0.7 | 0.8 | 0.7 | 0.6 | 0.6 | 0.6 | 0.8 | 0.6 | 0.9 | 1.0 |
| Price / free cash flow | 2.4 | 4.4 | 52.9 | — | — | — | 223.6 | — | 7.9 | — |
| Price / operating cash flow | 2.4 | 4.4 | 52.9 | — | — | — | 223.6 | — | 7.9 | — |
| EV / sales | 0.6 | 0.7 | 0.7 | 1.0 | 0.5 | 0.7 | 0.9 | 1.6 | 1.2 | 1.4 |
| EV / EBITDA | 4.8 | 9.1 | 4.4 | 13.2 | 7.5 | 27.7 | 84.6 | — | — | 17.5 |
| EV / free cash flow | 1.9 | 4.3 | 55.9 | — | — | — | 265.2 | — | 8.3 | — |
| Earnings yield | 14.9% | 8.8% | 21.8% | 7.8% | 6.5% | 1.5% | −1.1% | −113.0% | −6.0% | 5.3% |
| Free cash flow yield | 41.8% | 23.0% | 1.9% | −42.9% | −21.4% | −34.4% | 0.4% | −19.1% | 12.7% | −4.2% |
| Dividend yield | — | 8.8% | — | — | — | — | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 2.0% | 10.3% | 0.0% | 0.0% | 3.7% | 6.7% | 2.1% | 5.3% | 0.4% | 0.0% |
| Share price at fiscal year-end | $14.58 | $14.00 | $11.42 | $8.15 | $7.84 | $7.31 | $10.11 | $8.62 | $20.10 | $22.80 |
| Per share | ||||||||||
| Revenue per share | $20.18 | $18.70 | $18.17 | $12.01 | $16.61 | $13.20 | $13.62 | $6.78 | $17.45 | $15.76 |
| Earnings per share | $2.17 | $1.24 | $2.50 | $0.64 | $0.51 | $0.11 | −$0.11 | −$9.74 | −$1.21 | $1.20 |
| Operating cash flow per share | $6.09 | $3.22 | $0.22 | −$0.80 | −$1.64 | −$2.52 | $0.05 | −$1.65 | $2.55 | −$0.96 |
| Free cash flow per share | $6.09 | $3.22 | $0.22 | −$3.50 | −$1.67 | −$2.52 | $0.05 | −$1.65 | $2.55 | −$0.96 |
| Cash per share | $3.24 | $1.87 | $1.47 | $0.96 | $2.22 | $0.25 | $0.72 | $0.51 | $0.74 | $1.07 |
| Book value per share | $20.52 | $18.35 | $17.13 | $12.65 | $13.85 | $12.81 | $13.23 | $13.28 | $23.01 | $23.41 |
| Tangible book value per share | $17.62 | $15.98 | $14.83 | $10.58 | $12.01 | $11.41 | $11.85 | $11.89 | $21.33 | $21.78 |
| Dividends per share | — | $1.23 | — | — | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $0.00 | $0.00 | $1.32 | $2.70 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $0.14 | $1.75 | $2.11 | $4.60 | $2.98 | $2.78 | $2.59 | $2.54 | $1.91 | $0.60 |
| Shares outstanding | 34.5M | 34.7M | 34.8M | 39.8M | 34.4M | 36.3M | 36.1M | 36.0M | 37.0M | 37.3M |
| Change in shares outstanding | −0.4% | −0.4% | −12.5% | +15.8% | −5.3% | +0.6% | +0.4% | −2.8% | −0.9% | +1.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.1% | 7.0% | 15.8% | 5.2% | 3.7% | 0.8% | −0.8% | −52.7% | −5.2% | 5.3% |
| Return on invested capital (ROIC) | 12.1% | 6.8% | 13.7% | 4.3% | 3.3% | 0.7% | −0.5% | −38.7% | −4.0% | 5.8% |
| Return on assets (ROA) | 3.6% | 2.3% | 5.2% | 1.7% | 1.3% | 0.3% | −0.3% | −14.6% | −1.5% | 1.7% |
| Return on tangible assets | 3.6% | 2.2% | 5.2% | 1.7% | 1.3% | 0.3% | −0.3% | −25.3% | −1.4% | 1.7% |
| Free cash flow margin | 30.2% | 17.2% | 1.2% | −29.1% | −10.1% | −19.1% | 0.3% | −24.3% | 14.6% | −6.1% |
| Income quality (OCF / net income) | 2.81 | 2.60 | 0.09 | −1.25 | −3.20 | −23.62 | — | — | — | −0.80 |
| Financial health | ||||||||||
| Total debt | $4.7M | $60.7M | $73.3M | $183.0M | $102.4M | $100.8M | $93.5M | $91.2M | $70.8M | $22.5M |
| Cash & short-term investments | $111.8M | $64.7M | $51.1M | $38.2M | $76.3M | $8.9M | $25.8M | $18.2M | $27.3M | $39.9M |
| Net debt | −$107.0M | −$3.9M | $22.2M | $144.7M | $26.1M | $91.9M | $67.7M | $73.0M | $43.5M | −$17.4M |
| Debt / equity | 0.01 | 0.10 | 0.12 | 0.36 | 0.22 | 0.22 | 0.20 | 0.19 | 0.08 | 0.03 |
| Debt / assets | 0.00 | 0.03 | 0.04 | 0.12 | 0.07 | 0.07 | 0.07 | 0.06 | 0.02 | 0.01 |
| Net debt / EBITDA | −1.29 | −0.07 | 0.23 | 4.07 | 0.67 | 7.14 | 13.25 | — | — | −0.37 |
| Current ratio | 0.99 | 1.12 | 1.25 | 8.97 | 5.40 | 3.93 | 2.48 | 0.02 | 0.03 | 0.11 |
| Quick ratio | 0.99 | 1.12 | 1.91 | 21.97 | 17.64 | 15.75 | 10.78 | 0.02 | 0.03 | 0.11 |
| Interest coverage | 16.4 | 4.7 | 10.8 | 2.2 | 1.2 | 0.7 | -0.6 | -141.3 | — | — |
| Working capital | −$17.6M | $155.6M | $263.9M | $641.5M | $401.5M | $269.9M | $181.3M | −$848.8M | −$811.7M | −$323.6M |
| Invested capital | $600.9M | $631.9M | $618.3M | $647.9M | $501.8M | $556.8M | $544.9M | $550.3M | $894.9M | $856.9M |
| Tangible asset value | $608.0M | $553.6M | $516.1M | $420.7M | $412.6M | $413.8M | $427.5M | $429.5M | $789.1M | $830.7M |
| Net current asset value | −$33.1M | $88.6M | $178.9M | −$355.3M | −$459.1M | −$530.7M | −$574.1M | −$937.8M | −$2.48B | −$1.73B |
| Graham number | $31.64 | $22.59 | $31.01 | $13.47 | $12.63 | $5.54 | — | — | — | $25.16 |
| Graham net-net per share | −$22.92 | −$20.86 | −$27.37 | −$29.51 | −$32.65 | −$32.09 | −$31.95 | −$18.35 | −$59.43 | −$39.75 |
| Capital allocation | ||||||||||
| Dividends paid | — | $42.5M | — | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | $9.8M | $7.5M | $0 | $35,000 | $10.0M | $17.8M | $7.8M | $16.5M | $2.8M | $0 |
| Dividend payout ratio | — | 99.3% | — | — | — | — | — | — | — | 0.0% |
| Dividends + buybacks / free cash flow | 4.7% | 44.8% | 0.0% | — | — | — | 476.5% | — | 3.0% | — |
| Capex / revenue | 0.0% | 0.0% | 7.3% | 22.5% | 0.2% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 612.7% | — | — | — | 0.0% | — | 0.0% | — |
| Capex / depreciation | — | — | — | 1,357.63 | 76.94 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock-based compensation / revenue | 1.0% | 0.7% | 1.0% | 1.0% | 0.6% | 0.5% | 0.8% | 1.9% | 0.8% | 0.7% |
| SG&A / revenue | — | 2.4% | 3.7% | 3.7% | 5.1% | 5.5% | 6.1% | 10.3% | 4.1% | 1.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 402.6 | 404.3 | 335.9 | 357.4 | 246.2 | 240.6 | 241.0 | 556.4 | 199.1 | 174.2 |
| Days of inventory on hand | — | — | -601.6 | -859.1 | -774.7 | -860.9 | -735.3 | — | — | — |
| Days payables outstanding | 89.5 | 52.8 | 60.1 | 78.0 | 64.4 | 87.7 | 94.5 | 350.5 | 330.4 | 285.6 |
| Cash conversion cycle (days) | 313.1 | 351.4 | -325.7 | -579.7 | -592.9 | -708.0 | -588.8 | 205.9 | -131.3 | -111.4 |
| Receivables turnover | 0.91 | 0.90 | 1.09 | 1.02 | 1.48 | 1.52 | 1.51 | 0.66 | 1.83 | 2.10 |
| Payables turnover | 4.08 | 6.91 | 6.07 | 4.68 | 5.67 | 4.16 | 3.86 | 1.04 | 1.10 | 1.28 |
| Asset turnover | 0.33 | 0.35 | 0.38 | 0.32 | 0.41 | 0.35 | 0.35 | 0.10 | 0.21 | 0.22 |
| Average receivables | $768.0M | $717.7M | $581.9M | $467.6M | $384.8M | $315.7M | $324.5M | $371.7M | $352.3M | $280.8M |
| Average payables | $100.9M | $87.4M | $87.1M | $98.2M | $91.7M | $107.5M | $130.9M | $489.1M | $601.2M | $403.3M |
| Average inventory | — | — | −$871.7M | −$1.08B | −$1.10B | −$1.05B | −$1.02B | — | $0 | $0 |
| Intangibles / total assets | 4.6% | 4.1% | 4.6% | 5.2% | 4.4% | 3.8% | 3.7% | 3.5% | 1.9% | 2.3% |
Computed from GLRE's annual financial statements (latest annual report filed March 9, 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.
GLRE valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Greenlight Capital Re traded at 6.7 times earnings, against a 10-year median of 12.8. Based on the latest twelve months, the trailing P/E is 10.0 and the forward P/E is 4.6. Greenlight Capital Re earned a return on equity of 11.1% and a return on invested capital of 12.1% in fiscal 2025. It ended the year with $4.7 million of debt and $111.8 million in cash and short-term investments, a net cash position of $107.0 million. It returned $9.8 million to shareholders: $0 in dividends and $9.8 million in share buybacks, 5% of free cash flow. The share count fell 7.6% from 37.3M to 34.5M over 9 years.
See the GLRE income statement, the GLRE chart for price history, or the GLRE stock overview for the latest quote and news.
GLRE key metrics FAQ
What is Greenlight Capital Re's P/E ratio?
Greenlight Capital Re's trailing P/E ratio is 10.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 4.6. At the end of fiscal 2025 it was 6.7, compared with a 10-year median of 12.8.
What is Greenlight Capital Re's EV/EBITDA?
Greenlight Capital Re's enterprise value was 4.8 times EBITDA at the end of fiscal 2025 (enterprise value $396.0 million, EBITDA $83.1 million).
What is Greenlight Capital Re's return on equity?
Greenlight Capital Re's return on equity (ROE) was 11.1% in fiscal 2025: net income of $74.8 million on average shareholders' equity of $671.9 million.
What is Greenlight Capital Re's ROIC?
Greenlight Capital Re's return on invested capital was 12.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Greenlight Capital Re have?
Greenlight Capital Re had total debt of $4.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.01 and more cash than debt.
Does Greenlight Capital Re buy back its shares?
Yes. Greenlight Capital Re spent $9.8 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.4% over the year, to 34.5M..
What is Greenlight Capital Re's free cash flow yield?
Greenlight Capital Re generated $210.2 million of free cash flow in fiscal 2025, a free cash flow yield of 41.8% on its market value at year-end ($503.0 million).
What is Greenlight Capital Re's current ratio?
Greenlight Capital Re's current ratio was 0.99 at the end of fiscal 2025: current assets were 0.99 times current liabilities.