James River Group Holdings, Ltd. (JRVR) Key Metrics
JRVR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $176.7M
- Enterprise value
- $445.9M
- P/E (TTM)
- 9.8 10-yr median 25.4
- Forward P/E
- 4.9
- PEG ratio
- —
- Price / sales
- 0.3 10-yr median 1.3
- Price / book
- 0.3 10-yr median 1.5
- EV / EBITDA
- — 10-yr median 3.7
- Dividend yield
- 1.05% $0.04 a year
- Beta
- −0.17
JRVR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsJRVR valuation Price multiples at each fiscal year-end price.
JRVR returns How much profit the business earns on the capital it uses.
JRVR per-share figures Results divided by the shares outstanding at year-end.
JRVR financial health Debt, liquidity and how easily interest is covered.
JRVR efficiency & capital use Working capital cycle and where the cash goes.
JRVR valuation history
JRVR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
JRVR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
JRVR cash returned to shareholders
JRVR price vs earnings per share
JRVR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $381.7M | $188.4M | $349.4M | $787.3M | $1.01B | $1.52B | $1.26B | $1.11B | $1.21B | $1.24B |
| Enterprise value | −$176.6M | −$486.2M | −$995.2M | −$312.2M | −$630.8M | $672.0M | −$267.0M | −$108.8M | $197.2M | $332.8M |
| P/E ratio | 8.0 | — | — | 25.4 | — | 314.7 | 33.0 | 17.3 | 27.8 | 16.7 |
| Price / sales | 0.6 | 0.3 | 0.4 | 1.2 | 1.7 | 2.3 | 1.4 | 1.3 | 1.5 | 2.1 |
| Price / book | 0.6 | 0.3 | 0.5 | 1.1 | 1.4 | 1.9 | 1.6 | 1.6 | 1.7 | 1.8 |
| Price / free cash flow | — | — | 4.3 | 3.7 | — | — | 0.8 | 3.8 | 5.8 | 8.2 |
| Price / operating cash flow | — | — | 4.0 | 3.5 | — | — | 0.8 | 3.8 | 5.8 | 8.2 |
| EV / sales | -0.3 | -0.7 | -1.2 | -0.5 | -1.0 | 1.0 | -0.3 | -0.1 | 0.2 | 0.6 |
| EV / EBITDA | — | — | — | — | — | 24.9 | — | — | 3.0 | 3.7 |
| EV / free cash flow | — | — | — | — | — | — | — | — | 0.9 | 2.2 |
| Earnings yield | 12.4% | −43.1% | −30.8% | 3.9% | −17.2% | 0.3% | 3.0% | 5.8% | 3.6% | 6.0% |
| Free cash flow yield | −6.2% | −133.7% | 23.3% | 27.2% | −91.3% | −18.0% | 117.8% | 26.2% | 17.2% | 12.2% |
| Dividend yield | 2.6% | 10.1% | 5.2% | 1.8% | 4.3% | 2.4% | 2.9% | 3.3% | 4.2% | 5.3% |
| Shareholder yield (dividends + buybacks) | 2.8% | 10.5% | 5.7% | 1.9% | 4.6% | 2.7% | 3.1% | 3.5% | 5.0% | 5.7% |
| Share price at fiscal year-end | $6.36 | $4.87 | $9.24 | $20.91 | $28.81 | $49.15 | $41.21 | $36.54 | $40.01 | $41.55 |
| Per share | ||||||||||
| Revenue per share | $11.46 | $18.29 | $21.48 | $17.57 | $17.42 | $21.65 | $29.57 | $29.22 | $27.01 | $19.61 |
| Earnings per share | $0.79 | −$2.10 | −$2.85 | $0.82 | −$4.94 | $0.16 | $1.25 | $2.11 | $1.44 | $2.49 |
| Operating cash flow per share | −$0.31 | −$6.39 | $2.33 | $5.92 | −$26.13 | −$8.87 | $48.54 | $9.57 | $6.86 | $5.06 |
| Free cash flow per share | −$0.39 | −$6.51 | $2.16 | $5.70 | −$26.31 | −$8.87 | $48.54 | $9.57 | $6.86 | $5.06 |
| Cash per share | $14.80 | $25.32 | $44.19 | $37.87 | $57.33 | $67.22 | $58.60 | $47.47 | $40.18 | $36.85 |
| Book value per share | $11.19 | $15.36 | $17.97 | $18.56 | $20.75 | $25.76 | $25.38 | $23.40 | $22.95 | $23.19 |
| Tangible book value per share | $7.10 | $9.82 | $12.29 | $12.78 | $14.52 | $18.69 | $18.25 | $16.16 | $15.68 | $15.80 |
| Dividends per share | $0.16 | $0.49 | $0.48 | $0.37 | $1.24 | $1.20 | $1.20 | $1.19 | $1.68 | $2.21 |
| Capex per share | $0.08 | $0.13 | $0.17 | $0.22 | $0.18 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 |
| Debt per share | $5.50 | $7.88 | $8.63 | $8.67 | $10.48 | $39.83 | $8.68 | $7.34 | $6.68 | $6.43 |
| Shares outstanding | 60.0M | 38.7M | 37.8M | 37.7M | 35.0M | 30.9M | 30.7M | 30.3M | 30.3M | 29.9M |
| Change in shares outstanding | +55.1% | +2.3% | +0.4% | +7.7% | +13.2% | +0.7% | +1.2% | +0.1% | +1.3% | +1.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 7.5% | −12.7% | −15.6% | 4.4% | −22.7% | 0.6% | 5.2% | 9.1% | 6.3% | 10.8% |
| Return on invested capital (ROIC) | 307.1% | — | — | — | — | — | — | — | — | — |
| Return on assets (ROA) | 1.0% | −1.6% | −2.1% | 0.6% | −3.5% | 0.1% | 0.9% | 2.2% | 1.7% | 3.4% |
| Return on tangible assets | 1.0% | −1.7% | −2.1% | 0.6% | −3.7% | 0.1% | 0.8% | 2.2% | 1.7% | 3.5% |
| Free cash flow margin | −3.4% | −35.6% | 10.0% | 32.4% | −151.0% | −41.0% | 164.1% | 32.7% | 25.4% | 25.8% |
| Income quality (OCF / net income) | −0.40 | — | — | 7.19 | — | −56.76 | 38.84 | 4.54 | 4.77 | 2.03 |
| Financial health | ||||||||||
| Total debt | $329.9M | $304.9M | $326.4M | $326.4M | $366.4M | $1.23B | $266.4M | $222.4M | $202.4M | $192.4M |
| Cash & short-term investments | $888.1M | $979.5M | $1.67B | $1.43B | $2.00B | $2.08B | $1.80B | $1.44B | $1.22B | $1.10B |
| Net debt | −$558.2M | −$674.6M | −$1.34B | −$1.10B | −$1.64B | −$845.9M | −$1.53B | −$1.22B | −$1.01B | −$909.4M |
| Debt / equity | 0.49 | 0.51 | 0.48 | 0.47 | 0.51 | 1.55 | 0.34 | 0.31 | 0.29 | 0.28 |
| Debt / assets | 0.07 | 0.06 | 0.06 | 0.06 | 0.07 | 0.24 | 0.05 | 0.07 | 0.07 | 0.08 |
| Net debt / EBITDA | −7.48 | — | −12.11 | −16.12 | — | −31.34 | −23.01 | −14.04 | −15.31 | −10.08 |
| Current ratio | 0.91 | 0.31 | 13.29 | 32.71 | 28.23 | 29.90 | 26.54 | 36.20 | 0.05 | 0.07 |
| Quick ratio | 0.91 | 0.31 | 25.54 | 39.11 | 35.05 | 44.88 | 45.31 | 46.35 | 44.67 | 51.69 |
| Interest coverage | 2.1 | -2.9 | 3.5 | 3.8 | -12.1 | 1.2 | 4.9 | 6.1 | 6.1 | 9.4 |
| Working capital | −$343.0M | −$146.7M | $3.45B | $3.92B | $3.69B | $3.19B | $2.76B | $2.17B | −$53.4M | −$36.9M |
| Invested capital | $113.0M | −$80.6M | −$665.0M | −$400.8M | −$912.5M | −$50.3M | −$752.5M | −$507.0M | −$319.3M | −$216.1M |
| Tangible asset value | $426.1M | $379.7M | $464.9M | $481.2M | $507.5M | $577.4M | $559.8M | $489.9M | $474.5M | $472.5M |
| Net current asset value | −$777.4M | −$4.35B | −$907.5M | −$399.1M | −$394.1M | −$965.5M | −$1.38B | −$195.3M | −$2.06B | −$1.65B |
| Graham number | $14.10 | — | — | $18.53 | — | $9.51 | $26.72 | $33.30 | $27.26 | $36.05 |
| Graham net-net per share | −$26.12 | −$42.92 | −$88.88 | −$58.38 | −$37.47 | −$67.96 | −$86.70 | −$23.31 | −$52.89 | −$41.59 |
| Capital allocation | ||||||||||
| Dividends paid | $9.9M | $19.0M | $18.2M | $13.9M | $43.2M | $37.1M | $36.7M | $36.1M | $50.8M | $66.0M |
| Share buybacks (net) | $745,000 | $847,000 | $1.7M | $1.3M | $3.1M | $3.6M | $2.9M | $2.2M | $9.4M | $4.9M |
| Dividend payout ratio | 20.8% | — | — | 45.0% | — | 768.1% | 95.8% | 56.6% | 116.7% | 88.6% |
| Dividends + buybacks / free cash flow | — | — | 24.5% | 7.1% | — | — | 2.7% | 13.2% | 29.0% | 46.9% |
| Capex / revenue | 0.7% | 0.7% | 0.8% | 1.2% | 1.0% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% |
| Capex / operating cash flow | — | — | 7.3% | 3.7% | — | — | 0.0% | 0.2% | 0.0% | 0.0% |
| Capex / depreciation | 9.21 | — | — | 7.84 | 1.34 | 0.11 | 0.13 | 0.12 | 0.00 | 0.00 |
| Stock-based compensation / revenue | 0.7% | 0.9% | 1.1% | 1.2% | 1.1% | 1.1% | 0.8% | 0.7% | 0.9% | 0.9% |
| SG&A / revenue | — | — | — | — | — | 0.3% | 0.1% | 0.2% | 0.1% | 0.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 1,240.8 | 1,065.3 | 759.7 | 949.6 | 915.1 | 626.8 | 375.1 | 300.8 | 249.4 | 239.9 |
| Days of inventory on hand | — | — | -1,347.3 | -638.3 | -766.1 | -1,212.7 | -640.6 | -804.5 | -1,242.3 | -1,624.9 |
| Days payables outstanding | 74.6 | 85.8 | 89.8 | 96.3 | 73.1 | 72.0 | 41.0 | 30.3 | 26.1 | 25.5 |
| Cash conversion cycle (days) | 1,166.2 | 979.5 | -677.4 | 215.0 | 75.9 | -657.8 | -306.5 | -533.9 | -1,019.1 | -1,410.6 |
| Receivables turnover | 0.29 | 0.34 | 0.48 | 0.38 | 0.40 | 0.58 | 0.97 | 1.21 | 1.46 | 1.52 |
| Payables turnover | 4.89 | 4.25 | 4.07 | 3.79 | 4.99 | 5.07 | 8.91 | 12.06 | 13.96 | 14.29 |
| Asset turnover | 0.14 | 0.14 | 0.16 | 0.13 | 0.12 | 0.13 | 0.22 | 0.30 | 0.32 | 0.27 |
| Average receivables | $2.34B | $2.07B | $1.69B | $1.72B | $1.53B | $1.15B | $932.2M | $729.9M | $558.6M | $385.4M |
| Average payables | $100.7M | $145.8M | $140.9M | $129.4M | $123.0M | $109.2M | $84.9M | $59.0M | $48.1M | $29.9M |
| Average inventory | — | — | −$2.11B | −$857.7M | −$1.29B | −$1.84B | −$1.33B | −$1.57B | −$2.29B | −$1.90B |
| Intangibles / total assets | 5.0% | 4.3% | 4.0% | 4.2% | 4.4% | 4.3% | 4.4% | 7.0% | 8.0% | 9.4% |
Computed from JRVR's annual financial statements (latest annual report filed March 3, 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.
JRVR valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), James River traded at 8.0 times earnings, against a 10-year median of 25.4. Based on the latest twelve months, the trailing P/E is 9.8 and the forward P/E is 4.9. James River earned a return on equity of 7.5% and a return on invested capital of 307.1% in fiscal 2025. It ended the year with $329.9 million of debt and $888.1 million in cash and short-term investments, a net cash position of $558.2 million. It returned $10.6 million to shareholders: $9.9 million in dividends and $0.7 million in share buybacks. The share count rose 100.8% from 29.9M to 60.0M over 9 years.
See the JRVR income statement, the JRVR chart for price history, or the JRVR stock overview for the latest quote and news.
JRVR key metrics FAQ
What is James River's P/E ratio?
James River's trailing P/E ratio is 9.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 4.9. At the end of fiscal 2025 it was 8.0, compared with a 10-year median of 25.4.
What is James River's return on equity?
James River's return on equity (ROE) was 7.5% in fiscal 2025: net income of $47.4 million on average shareholders' equity of $632.6 million.
What is James River's ROIC?
James River's return on invested capital was 307.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does James River have?
James River had total debt of $329.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.49 and more cash than debt.
What is James River's dividend yield?
James River's forward dividend yield is 1.05%. James River paid $9.9 million in dividends in fiscal 2025 ($0.16 per share), a payout ratio of 20.8%.
Does James River buy back its shares?
Yes. James River spent $0.7 million on net share repurchases in fiscal 2025 Shares outstanding changed +55.1% over the year, to 60.0M..
What is James River's free cash flow yield?
James River generated -$23.6 million of free cash flow in fiscal 2025, a free cash flow yield of −6.2% on its market value at year-end ($381.7 million).
What is James River's current ratio?
James River's current ratio was 0.91 at the end of fiscal 2025: current assets were 0.91 times current liabilities.