Kinsale Capital Group, Inc. (KNSL) Key Metrics
KNSL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $8.32B
- Enterprise value
- $7.74B
- P/E (TTM)
- 14.8 10-yr median 35.6
- Forward P/E
- 15.1
- PEG ratio
- 1.01
- Price / sales
- 4.2 10-yr median 6.6
- Price / book
- 3.8 10-yr median 6.4
- EV / EBITDA
- — 10-yr median 14.5
- Dividend yield
- 0.27% $1.00 a year
- Beta
- 0.87
KNSL key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKNSL valuation Price multiples at each fiscal year-end price.
KNSL returns How much profit the business earns on the capital it uses.
KNSL per-share figures Results divided by the shares outstanding at year-end.
KNSL financial health Debt, liquidity and how easily interest is covered.
KNSL efficiency & capital use Working capital cycle and where the cash goes.
KNSL valuation history
KNSL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KNSL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KNSL cash returned to shareholders
KNSL price vs earnings per share
KNSL key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $9.10B | $10.85B | $7.81B | $6.05B | $5.49B | $4.57B | $2.25B | $1.20B | $967.4M | $716.7M |
| Enterprise value | $6.64B | $7.38B | $5.15B | $4.29B | $4.06B | $3.46B | $1.44B | $619.5M | $406.3M | $272.8M |
| P/E ratio | 18.1 | 26.2 | 25.3 | 38.0 | 35.9 | 51.7 | 35.5 | 35.7 | 38.9 | 27.4 |
| Price / sales | 4.9 | 6.8 | 6.4 | 7.2 | 8.4 | 9.9 | 7.1 | 5.4 | 5.2 | 5.1 |
| Price / book | 4.6 | 7.3 | 7.2 | 8.1 | 7.8 | 7.9 | 5.5 | 4.6 | 4.1 | 3.4 |
| Price / free cash flow | 9.2 | 11.4 | 9.1 | 11.0 | 13.7 | 18.5 | 14.2 | 11.7 | 12.5 | 9.8 |
| Price / operating cash flow | 8.7 | 11.1 | 9.1 | 10.8 | 13.5 | 16.3 | 12.6 | 11.6 | 12.5 | 9.7 |
| EV / sales | 3.5 | 4.7 | 4.2 | 5.1 | 6.2 | 7.5 | 4.5 | 2.8 | 2.2 | 1.9 |
| EV / EBITDA | 10.2 | 13.9 | 12.9 | 21.2 | 21.1 | 33.8 | 18.7 | 15.1 | 10.4 | 6.8 |
| EV / free cash flow | 6.7 | 7.8 | 6.0 | 7.8 | 10.1 | 14.0 | 9.1 | 6.0 | 5.3 | 3.7 |
| Earnings yield | 5.5% | 3.8% | 3.9% | 2.6% | 2.8% | 1.9% | 2.8% | 2.8% | 2.6% | 3.7% |
| Free cash flow yield | 10.9% | 8.8% | 10.9% | 9.1% | 7.3% | 5.4% | 7.1% | 8.5% | 8.0% | 10.2% |
| Dividend yield | 0.2% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.5% | 0.5% | 0.3% |
| Shareholder yield (dividends + buybacks) | 1.2% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.5% | 0.6% | 0.3% |
| Share price at fiscal year-end | $391.12 | $465.13 | $334.91 | $261.52 | $237.89 | $200.13 | $101.66 | $55.56 | $45.00 | $34.01 |
| Per share | ||||||||||
| Revenue per share | $80.57 | $68.04 | $52.54 | $36.27 | $28.34 | $20.12 | $14.27 | $10.24 | $8.69 | $6.72 |
| Earnings per share | $21.65 | $17.78 | $13.22 | $6.88 | $6.62 | $3.87 | $2.86 | $1.56 | $1.16 | $1.24 |
| Operating cash flow per share | $44.87 | $41.84 | $36.89 | $24.12 | $17.65 | $12.25 | $8.06 | $4.80 | $3.60 | $3.50 |
| Free cash flow per share | $42.57 | $40.82 | $36.61 | $23.82 | $17.39 | $10.81 | $7.17 | $4.74 | $3.59 | $3.47 |
| Cash per share | $115.24 | $156.63 | $122.03 | $84.66 | $65.61 | $50.71 | $37.49 | $26.99 | $26.10 | $22.79 |
| Book value per share | $84.25 | $63.58 | $46.63 | $32.24 | $30.32 | $25.22 | $18.34 | $12.17 | $11.08 | $9.98 |
| Tangible book value per share | $78.99 | $58.75 | $46.48 | $29.42 | $28.35 | $25.06 | $18.18 | $12.01 | $10.92 | $9.81 |
| Dividends per share | $0.68 | $0.60 | $0.56 | $0.52 | $0.43 | $0.35 | $0.31 | $0.27 | $0.23 | $0.10 |
| Capex per share | $2.31 | $1.03 | $0.28 | $0.30 | $0.26 | $1.44 | $0.89 | $0.06 | $0.01 | $0.03 |
| Debt per share | $9.65 | $7.89 | $7.89 | $8.46 | $3.70 | $1.86 | $0.76 | — | $0.00 | $1.73 |
| Shares outstanding | 23.3M | 23.3M | 23.3M | 23.1M | 23.1M | 22.9M | 22.1M | 21.7M | 21.5M | 21.1M |
| Change in shares outstanding | −0.3% | +0.1% | +0.8% | +0.3% | +0.9% | +3.2% | +2.1% | +0.9% | +2.0% | +0.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 29.3% | 32.3% | 33.6% | 22.0% | 23.9% | 18.0% | 18.9% | 13.5% | 11.1% | 16.2% |
| Return on assets (ROA) | 9.2% | 9.6% | 9.5% | 6.7% | 8.5% | 6.7% | 6.8% | 4.7% | 3.9% | 4.5% |
| Return on tangible assets | 8.5% | 8.7% | 8.2% | 5.9% | 7.7% | 5.7% | 5.8% | 4.4% | 3.7% | 4.3% |
| Free cash flow margin | 52.8% | 60.0% | 69.7% | 65.7% | 61.4% | 53.7% | 50.3% | 46.2% | 41.3% | 51.7% |
| Income quality (OCF / net income) | 2.07 | 2.35 | 2.79 | 3.51 | 2.67 | 3.17 | 2.82 | 3.08 | 3.11 | 2.82 |
| Financial health | ||||||||||
| Total debt | $224.4M | $184.1M | $183.8M | $195.7M | $85.4M | $42.6M | $16.7M | — | $0 | $36.5M |
| Cash & short-term investments | $2.68B | $3.65B | $2.84B | $1.96B | $1.51B | $1.16B | $829.9M | $585.3M | $561.1M | $480.3M |
| Net debt | −$2.46B | −$3.47B | −$2.66B | −$1.76B | −$1.43B | −$1.12B | −$813.2M | −$585.3M | −$561.1M | −$443.9M |
| Debt / equity | 0.11 | 0.12 | 0.17 | 0.26 | 0.12 | 0.07 | 0.04 | — | 0.00 | 0.17 |
| Debt / assets | 0.04 | 0.04 | 0.05 | 0.07 | 0.04 | 0.03 | 0.02 | — | 0.00 | 0.06 |
| Net debt / EBITDA | −3.77 | −6.54 | −6.69 | −8.70 | −7.43 | −10.93 | −10.60 | −14.24 | −14.37 | −11.05 |
| Current ratio | 0.84 | 1.31 | 1.33 | 1.30 | 1.33 | 18.88 | 25.84 | 57.25 | 59.61 | 5.27 |
| Quick ratio | 0.84 | 1.31 | 2.63 | 1.48 | 1.49 | 21.07 | 29.99 | 57.25 | 59.61 | 5.27 |
| Interest coverage | 59.6 | 50.8 | 37.3 | 45.6 | 189.9 | 597.7 | — | — | — | — |
| Working capital | −$628.1M | $988.3M | $822.6M | $539.8M | $437.3M | $1.23B | $900.7M | $655.6M | $571.1M | $54.9M |
| Invested capital | −$496.5M | −$1.99B | −$1.57B | −$1.02B | −$728.4M | −$540.1M | −$407.3M | −$321.4M | −$322.9M | −$233.6M |
| Tangible asset value | $1.84B | $1.37B | $1.08B | $680.3M | $653.8M | $572.7M | $402.3M | $260.4M | $234.7M | $206.7M |
| Net current asset value | −$809.1M | $809.4M | $623.2M | $339.6M | $422.1M | $330.1M | $252.3M | $158.2M | $151.2M | −$336.4M |
| Graham number | $202.60 | $159.49 | $117.77 | $70.64 | $67.20 | $46.85 | $34.35 | $20.66 | $16.99 | $16.69 |
| Graham net-net per share | −$42.61 | $27.01 | −$49.35 | $2.01 | $10.07 | $9.59 | $6.79 | $6.32 | $6.80 | $4.22 |
| Capital allocation | ||||||||||
| Dividends paid | $15.8M | $13.9M | $13.0M | $11.9M | $10.0M | $8.1M | $6.9M | $5.9M | $5.0M | $2.1M |
| Share buybacks (net) | $90.0M | $17.0M | $4.3M | $0 | $0 | $0 | $0 | $0 | $1.1M | $0 |
| Dividend payout ratio | 3.1% | 3.4% | 4.2% | 7.5% | 6.6% | 9.1% | 10.9% | 17.5% | 20.2% | 8.0% |
| Dividends + buybacks / free cash flow | 10.7% | 3.3% | 2.0% | 2.2% | 2.5% | 3.3% | 4.4% | 5.8% | 7.9% | 2.9% |
| Capex / revenue | 2.9% | 1.5% | 0.5% | 0.8% | 0.9% | 7.1% | 6.2% | 0.6% | 0.1% | 0.4% |
| Capex / operating cash flow | 5.1% | 2.5% | 0.8% | 1.2% | 1.5% | 11.7% | 11.0% | 1.2% | 0.2% | 0.8% |
| Capex / depreciation | 9.20 | 4.13 | 2.02 | 2.54 | 2.56 | 20.89 | 28.77 | 2.02 | 0.35 | 0.89 |
| Stock-based compensation / revenue | 1.0% | 0.9% | 0.8% | 0.8% | 0.7% | 0.8% | 0.9% | 0.7% | 0.3% | 0.3% |
| SG&A / revenue | — | — | — | 0.1% | 0.3% | 0.3% | 8.8% | 8.9% | 9.5% | 13.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 102.8 | 105.5 | 112.3 | 118.0 | 95.9 | 98.8 | 108.7 | 82.8 | 35.9 | 180.6 |
| Days of inventory on hand | — | — | -911.4 | -179.3 | -166.4 | -173.1 | -267.0 | — | — | — |
| Days payables outstanding | 40.9 | 38.6 | 39.8 | 34.0 | 30.2 | 26.3 | 27.7 | 25.3 | 33.0 | 57.0 |
| Cash conversion cycle (days) | 61.8 | 67.0 | -838.9 | -95.3 | -100.6 | -100.7 | -186.0 | 57.6 | 2.9 | 123.6 |
| Receivables turnover | 3.55 | 3.46 | 3.25 | 3.09 | 3.80 | 3.70 | 3.36 | 4.41 | 10.16 | 2.02 |
| Payables turnover | 8.92 | 9.47 | 9.16 | 10.74 | 12.11 | 13.86 | 13.19 | 14.44 | 11.06 | 6.40 |
| Asset turnover | 0.34 | 0.37 | 0.38 | 0.35 | 0.37 | 0.35 | 0.34 | 0.31 | 0.29 | 0.24 |
| Average receivables | $527.6M | $459.0M | $376.7M | $271.1M | $171.7M | $124.5M | $94.0M | $50.4M | $18.4M | $70.1M |
| Average payables | $99.9M | $95.8M | $77.9M | $51.4M | $32.8M | $22.9M | $15.6M | $10.7M | $11.3M | $12.0M |
| Average inventory | — | — | −$1.78B | −$270.9M | −$181.2M | −$150.6M | −$150.4M | — | $0 | $0 |
| Intangibles / total assets | 2.0% | 2.3% | 0.1% | 2.4% | 2.2% | 0.2% | 0.3% | 0.5% | 0.5% | 0.6% |
Computed from KNSL's annual financial statements (latest annual report filed February 20, 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.
KNSL valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Kinsale Capital traded at 18.1 times earnings, against a 10-year median of 35.6. Based on the latest twelve months, the trailing P/E is 14.8 and the forward P/E is 15.1. Kinsale Capital earned a return on equity of 29.3% in fiscal 2025. It ended the year with $224.4 million of debt and $2.7 billion in cash and short-term investments, a net cash position of $2.5 billion. It returned $105.8 million to shareholders: $15.8 million in dividends and $90.0 million in share buybacks, 11% of free cash flow. The share count rose 10.4% from 21.1M to 23.3M over 9 years.
See the KNSL income statement, the KNSL chart for price history, or the KNSL stock overview for the latest quote and news.
KNSL key metrics FAQ
What is Kinsale Capital's P/E ratio?
Kinsale Capital's trailing P/E ratio is 14.8 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 15.1. At the end of fiscal 2025 it was 18.1, compared with a 10-year median of 35.6.
What is Kinsale Capital's EV/EBITDA?
Kinsale Capital's enterprise value was 10.2 times EBITDA at the end of fiscal 2025 (enterprise value $6.6 billion, EBITDA $650.8 million).
What is Kinsale Capital's return on equity?
Kinsale Capital's return on equity (ROE) was 29.3% in fiscal 2025: net income of $503.6 million on average shareholders' equity of $1.7 billion.
How much debt does Kinsale Capital have?
Kinsale Capital had total debt of $224.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.11 and more cash than debt.
What is Kinsale Capital's dividend yield?
Kinsale Capital's forward dividend yield is 0.27%. Kinsale Capital paid $15.8 million in dividends in fiscal 2025 ($0.68 per share), a payout ratio of 3.1%.
Does Kinsale Capital buy back its shares?
Yes. Kinsale Capital spent $90.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.3% over the year, to 23.3M..
What is Kinsale Capital's free cash flow yield?
Kinsale Capital generated $990.1 million of free cash flow in fiscal 2025, a free cash flow yield of 10.9% on its market value at year-end ($9.1 billion).
What is Kinsale Capital's current ratio?
Kinsale Capital's current ratio was 0.84 at the end of fiscal 2025: current assets were 0.84 times current liabilities.