MBIA Inc. (MBI) Key Metrics
MBI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $225.0M
- Enterprise value
- $3.50B
- P/E (TTM)
- —
- Forward P/E
- 87.0
- PEG ratio
- 1.71
- Price / sales
- 2.6 10-yr median 4.7
- Price / book
- 3.5 10-yr median 0.6
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 1.46
MBI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsMBI valuation Price multiples at each fiscal year-end price.
Price / sales−39.6%
4.4
2025 · hover or tap a bar for each year
20162025
EV / EBITDA
136.1
2025 · hover or tap a bar for each year
20162025
Price / free cash flow
9.3
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+68.2 pts
10.8%
2025 · hover or tap a bar for each year
20162025
MBI returns How much profit the business earns on the capital it uses.
Return on assets+10.1 pts
−8.5%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+466.5 pts
47.5%
2025 · hover or tap a bar for each year
20162025
Asset turnover+117.5%
0.04
2025 · hover or tap a bar for each year
20162025
MBI per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+83.4%
$1.62
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$3.59
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
$0.77
2025 · hover or tap a bar for each year
20162025
Book value per share
−$45.40
2025 · hover or tap a bar for each year
20162025
Dividends per share
$0.00
2025 · hover or tap a bar for each year
20162025
Shares outstanding+3.9%
49.3M
2025 · hover or tap a bar for each year
20162025
MBI financial health Debt, liquidity and how easily interest is covered.
Net debt+$105.0M
$1.82B
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA
114.06
2025 · hover or tap a bar for each year
20162025
Current ratio−53.1%
2.69
2025 · hover or tap a bar for each year
20162025
Interest coverage
-0.9
2025 · hover or tap a bar for each year
20162025
Debt / assets+11.8%
1.66
2025 · hover or tap a bar for each year
20162025
MBI efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−1,712 days
1,100 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue0.0 pts
0.0%
2025 · hover or tap a bar for each year
20162025
Dividends + buybacks / FCF
18.4%
2025 · hover or tap a bar for each year
20162025
MBI valuation history
Fiscal year-endToday10-year median
MBI returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
MBI debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
MBI cash returned to shareholders
DividendsBuybacksFree cash flow
MBI price vs earnings per share
Share price at year-endEPS (right axis)
MBI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $352.8M | $306.4M | $295.0M | $640.0M | $781.2M | $388.7M | $753.4M | $794.0M | $870.6M | $1.42B |
| Enterprise value | $2.18B | $2.03B | $3.35B | $1.74B | $2.17B | $1.24B | $2.05B | $1.62B | $974.6M | $1.11B |
| Price / sales | 4.4 | 7.3 | 42.1 | 4.2 | 4.9 | 1.4 | 2.7 | 5.0 | 2.1 | 4.9 |
| Price / book | — | — | — | — | 0.5 | 2.9 | 0.3 | 0.7 | 0.6 | 0.4 |
| Price / free cash flow | 9.3 | — | — | — | 1.5 | — | — | — | — | — |
| Price / operating cash flow | 9.3 | — | — | — | 1.5 | — | — | — | — | — |
| EV / sales | 27.2 | 48.2 | 478.7 | 11.3 | 13.6 | 4.4 | 7.3 | 10.2 | 2.4 | 3.8 |
| EV / EBITDA | 136.1 | — | — | 54.5 | — | — | — | — | — | — |
| EV / free cash flow | 57.3 | — | — | — | 4.2 | — | — | — | — | — |
| Earnings yield | −50.2% | −144.9% | −165.1% | −31.7% | −57.0% | −148.7% | −47.6% | −37.3% | −184.4% | −23.8% |
| Free cash flow yield | 10.8% | −57.4% | −66.1% | −65.3% | 65.3% | −100.3% | −39.0% | −40.3% | −72.5% | −10.0% |
| Dividend yield | 0.0% | 0.0% | 138.6% | 0.0% | 7.7% | — | — | 14.1% | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 2.0% | 1.3% | 151.5% | 0.5% | 7.8% | 51.5% | 14.1% | 19.6% | 37.9% | 7.6% |
| Share price at fiscal year-end | $7.16 | $6.46 | $6.12 | $12.85 | $15.79 | $6.58 | $9.30 | $8.92 | $7.32 | $10.70 |
| Per share | ||||||||||
| Revenue per share | $1.62 | $0.89 | $0.15 | $3.09 | $3.21 | $4.77 | $3.47 | $1.79 | $3.41 | $2.17 |
| Earnings per share | −$3.59 | −$9.36 | −$10.10 | −$4.08 | −$8.99 | −$9.78 | −$4.43 | −$3.33 | −$13.50 | −$2.54 |
| Operating cash flow per share | $0.77 | −$3.71 | −$4.05 | −$8.39 | $10.33 | −$6.60 | −$4.54 | −$3.58 | −$5.30 | −$1.07 |
| Free cash flow per share | $0.77 | −$3.71 | −$4.05 | −$8.39 | $10.31 | −$6.60 | −$3.63 | −$3.59 | −$5.31 | −$1.08 |
| Cash per share | $30.89 | $31.71 | $2.22 | $44.80 | $54.39 | $45.81 | $41.05 | $45.90 | $37.39 | $40.85 |
| Book value per share | −$45.40 | −$44.04 | −$34.37 | −$17.59 | $30.00 | $2.30 | $35.02 | $12.72 | $11.88 | $24.26 |
| Tangible book value per share | −$45.88 | −$44.61 | −$56.73 | −$18.29 | $29.15 | $1.46 | $34.28 | $11.89 | $11.08 | $23.38 |
| Dividends per share | $0.00 | $0.00 | $8.48 | $0.00 | $1.21 | — | — | $1.26 | $0.00 | $0.00 |
| Capex per share | $0.00 | $0.00 | $0.04 | $0.00 | $0.02 | $0.02 | $0.91 | $0.01 | $0.01 | $0.01 |
| Debt per share | $67.92 | $67.97 | $65.61 | $66.98 | $82.39 | $60.30 | $57.05 | $55.20 | $38.27 | $38.51 |
| Shares outstanding | 49.3M | 47.4M | 48.2M | 49.8M | 49.5M | 59.1M | 81.0M | 89.0M | 118.9M | 133.0M |
| Change in shares outstanding | +3.9% | −1.6% | −3.2% | +0.7% | −16.3% | −27.1% | −9.0% | −25.2% | −10.6% | −19.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | — | — | −54.9% | −38.9% | −18.1% | −23.3% | −69.2% | −9.7% |
| Return on invested capital (ROIC) | — | — | −47.0% | −7.5% | −18.2% | −17.8% | −9.3% | −0.1% | −13.9% | −6.5% |
| Return on assets (ROA) | −8.5% | −18.6% | −16.3% | −5.0% | −8.5% | −8.9% | −4.7% | −3.4% | −15.9% | −2.6% |
| Return on tangible assets | −8.9% | −20.7% | −31.9% | −6.1% | −9.6% | −10.1% | −5.0% | −3.7% | −17.8% | −3.1% |
| Free cash flow margin | 47.5% | −419.0% | — | −271.4% | 320.8% | −138.3% | −104.6% | −201.3% | −155.8% | −49.5% |
| Financial health | ||||||||||
| Total debt | $3.35B | $3.22B | $3.16B | $3.34B | $4.08B | $3.56B | $4.62B | $4.91B | $4.55B | $5.12B |
| Cash & short-term investments | $1.52B | $1.50B | $107.0M | $2.23B | $2.69B | $2.71B | $3.33B | $4.09B | $4.45B | $5.43B |
| Net debt | $1.82B | $1.72B | $3.06B | $1.10B | $1.39B | $856.0M | $1.30B | $828.0M | $104.0M | −$311.0M |
| Debt / equity | — | — | — | — | 2.75 | 26.19 | 1.63 | 4.34 | 3.22 | 1.59 |
| Debt / assets | 1.66 | 1.49 | 1.21 | 0.99 | 0.87 | 0.62 | 0.63 | 0.61 | 0.50 | 0.46 |
| Net debt / EBITDA | 114.06 | — | — | 34.53 | — | — | — | — | — | — |
| Current ratio | 2.69 | 5.74 | 0.94 | 5.82 | — | 383.25 | 87.82 | 43.09 | 2.74 | 1.06 |
| Quick ratio | 2.69 | 5.74 | 5.30 | 7.47 | — | 578.42 | 128.63 | 60.57 | 29.29 | 11.59 |
| Interest coverage | -0.9 | -2.1 | -2.3 | -0.8 | -2.5 | -2.5 | -1.3 | -0.0 | -1.4 | -1.5 |
| Working capital | $1.06B | $943.0M | −$29.0M | $2.09B | $4.16B | $4.59B | $5.21B | $5.81B | $412.0M | $42.0M |
| Invested capital | −$412.0M | −$369.0M | $1.40B | $229.0M | $2.87B | $992.0M | $4.13B | $1.96B | $1.52B | $2.92B |
| Tangible asset value | −$2.25B | −$2.10B | −$2.73B | −$911.0M | $1.44B | $99.0M | $2.78B | $1.06B | $1.33B | $3.12B |
| Net current asset value | −$2.56B | −$3.10B | −$3.82B | −$1.72B | $953.0M | −$1.00B | $822.0M | −$998.0M | −$7.02B | −$7.16B |
| Graham net-net per share | −$52.72 | −$52.73 | −$101.91 | −$43.27 | −$8.48 | −$44.81 | −$10.96 | −$29.98 | −$48.01 | −$40.93 |
| Capital allocation | ||||||||||
| Dividends paid | $0 | $0 | $409.0M | $0 | $60.0M | — | — | $112.0M | $0 | $0 |
| Share buybacks (net) | $7.0M | $4.0M | $38.0M | $3.0M | $1.0M | $200.0M | $106.0M | $44.0M | $330.0M | $108.0M |
| Dividends + buybacks / free cash flow | 18.4% | — | — | — | 12.0% | — | — | — | — | — |
| Capex / revenue | 0.0% | 0.0% | 28.6% | 0.0% | 0.6% | 0.4% | 26.3% | 0.6% | 0.2% | 0.3% |
| Capex / operating cash flow | 0.0% | — | — | — | 0.2% | — | — | — | — | — |
| Capex / depreciation | — | — | 0.01 | 0.00 | — | — | — | 0.03 | 0.00 | 0.01 |
| Stock-based compensation / revenue | — | — | 257.1% | 7.8% | 7.5% | 3.9% | 4.3% | 3.8% | 2.5% | 5.5% |
| SG&A / revenue | — | — | — | — | — | 32.6% | 35.9% | 51.6% | 28.6% | 52.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 1,099.6 | 2,811.4 | 16,320.7 | 2,098.8 | 3,864.6 | 2,482.5 | 2,469.9 | 3,145.0 | 808.0 | 1,441.1 |
| Days of inventory on hand | — | — | -2,750.5 | -10,807.2 | -8,184.3 | -9,503.9 | -8,783.5 | -19,373.9 | -21,426.4 | -11,654.0 |
| Days payables outstanding | — | — | 10.0 | 257.9 | 3,674.5 | 3,826.5 | 128.3 | 160.2 | 118.0 | 53.3 |
| Cash conversion cycle (days) | — | — | 13,560.2 | -8,966.3 | -7,994.1 | -10,847.9 | -6,441.9 | -16,389.2 | -20,736.5 | -10,266.3 |
| Receivables turnover | 0.33 | 0.13 | 0.02 | 0.17 | 0.09 | 0.15 | 0.15 | 0.12 | 0.45 | 0.25 |
| Payables turnover | — | — | 36.40 | 1.42 | 0.10 | 0.10 | 2.85 | 2.28 | 3.09 | 6.84 |
| Asset turnover | 0.04 | 0.02 | 0.00 | 0.04 | 0.03 | 0.04 | 0.04 | 0.02 | 0.04 | 0.02 |
| Average receivables | $241.0M | $323.5M | $313.0M | $885.5M | $1.68B | $1.92B | $1.90B | $1.37B | $896.5M | $1.14B |
| Average payables | — | — | $5.0M | $32.5M | $976.5M | $964.5M | $35.5M | $36.0M | $37.5M | $38.0M |
| Average inventory | — | — | −$1.37B | −$1.36B | −$2.17B | −$2.40B | −$2.43B | −$4.35B | −$6.81B | −$8.30B |
| Intangibles / total assets | 1.2% | 1.2% | 41.4% | 1.0% | 0.9% | 0.9% | 0.8% | 0.9% | 1.0% | 1.1% |
Computed from MBI's annual financial statements (latest annual report filed February 26, 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.
MBI valuation and financial ratios
It ended the year with $3.3 billion of debt and $1.5 billion in cash and short-term investments, net debt of $1.8 billion. It returned $7.0 million to shareholders: $0 in dividends and $7.0 million in share buybacks, 18% of free cash flow. The share count fell 62.9% from 133.0M to 49.3M over 9 years.
See the MBI income statement, the MBI chart for price history, or the MBI stock overview for the latest quote and news.
MBI key metrics FAQ
What is MBIA's EV/EBITDA?
MBIA's enterprise value was 136.1 times EBITDA at the end of fiscal 2025 (enterprise value $2.2 billion, EBITDA $16.0 million).
How much debt does MBIA have?
MBIA had total debt of $3.3 billion at the end of fiscal 2025 and $1.8 billion of net debt (114.06 times EBITDA).
Does MBIA pay a dividend?
MBIA did not pay a dividend in fiscal 2025.
Does MBIA buy back its shares?
Yes. MBIA spent $7.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +3.9% over the year, to 49.3M..
What is MBIA's free cash flow yield?
MBIA generated $38.0 million of free cash flow in fiscal 2025, a free cash flow yield of 10.8% on its market value at year-end ($352.8 million).
What is MBIA's current ratio?
MBIA's current ratio was 2.69 at the end of fiscal 2025: current assets were 2.69 times current liabilities.