Primerica, Inc. (PRI) Key Metrics
PRI valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $8.70B
- Enterprise value
- $9.66B
- P/E (TTM)
- 11.4 10-yr median 13.3
- Forward P/E
- 14.0
- PEG ratio
- 1.07
- Price / sales
- 2.5 10-yr median 2.5
- Price / book
- 3.4 10-yr median 3.2
- EV / EBITDA
- — 10-yr median 7.4
- Dividend yield
- 1.70% $4.80 a year
- Beta
- 0.88
PRI key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsPRI valuation Price multiples at each fiscal year-end price.
PRI returns How much profit the business earns on the capital it uses.
PRI per-share figures Results divided by the shares outstanding at year-end.
PRI financial health Debt, liquidity and how easily interest is covered.
PRI efficiency & capital use Working capital cycle and where the cash goes.
PRI valuation history
PRI returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
PRI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
PRI cash returned to shareholders
PRI price vs earnings per share
PRI key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $8.44B | $9.28B | $7.41B | $5.40B | $6.08B | $5.38B | $5.52B | $4.30B | $4.64B | $3.28B |
| Enterprise value | $8.28B | $7.60B | $6.13B | $5.03B | $4.94B | $4.14B | $4.52B | $3.30B | $4.70B | $3.06B |
| P/E ratio | 11.2 | 19.7 | 12.9 | 11.4 | 12.7 | 13.9 | 15.1 | 13.3 | 13.2 | 15.0 |
| Price / sales | 2.6 | 3.0 | 2.7 | 2.0 | 2.2 | 2.4 | 2.7 | 2.3 | 2.7 | 2.2 |
| Price / book | 3.5 | 4.1 | 3.6 | 3.1 | 2.9 | 2.9 | 3.3 | 2.9 | 3.3 | 2.7 |
| Price / free cash flow | 9.6 | 11.1 | 11.3 | 7.4 | 9.6 | 8.7 | 12.0 | 9.3 | 12.2 | 11.8 |
| Price / operating cash flow | 9.4 | 10.8 | 10.7 | 7.1 | 9.3 | 8.4 | 11.4 | 9.0 | 11.9 | 11.2 |
| EV / sales | 2.6 | 2.5 | 2.2 | 1.9 | 1.8 | 1.9 | 2.2 | 1.7 | 2.8 | 2.0 |
| EV / EBITDA | 8.1 | 7.9 | 7.4 | 6.4 | 7.0 | 7.5 | 8.6 | 2.0 | 3.2 | 7.6 |
| EV / free cash flow | 9.5 | 9.1 | 9.3 | 6.9 | 7.8 | 6.7 | 9.8 | 7.1 | 12.3 | 11.0 |
| Earnings yield | 8.9% | 5.1% | 7.8% | 8.7% | 7.9% | 7.2% | 6.6% | 7.5% | 7.5% | 6.7% |
| Free cash flow yield | 10.4% | 9.0% | 8.9% | 13.5% | 10.4% | 11.4% | 8.3% | 10.8% | 8.2% | 8.5% |
| Dividend yield | 1.6% | 1.2% | 1.3% | 1.6% | 1.2% | 1.2% | 1.0% | 1.0% | 0.8% | 1.0% |
| Shareholder yield (dividends + buybacks) | 6.9% | 5.8% | 6.3% | 8.1% | 1.5% | 5.5% | 5.1% | 5.9% | 4.0% | 5.6% |
| Share price at fiscal year-end | $258.36 | $271.42 | $205.76 | $141.82 | $153.27 | $133.93 | $130.56 | $97.71 | $101.55 | $69.15 |
| Per share | ||||||||||
| Revenue per share | $98.72 | $90.33 | $76.29 | $69.74 | $68.34 | $55.18 | $48.51 | $43.19 | $36.97 | $32.01 |
| Earnings per share | $22.99 | $13.76 | $16.00 | $12.39 | $12.04 | $9.61 | $8.66 | $7.37 | $7.67 | $4.62 |
| Operating cash flow per share | $27.58 | $25.21 | $19.22 | $19.88 | $16.57 | $16.01 | $11.47 | $10.87 | $8.50 | $6.16 |
| Free cash flow per share | $26.78 | $24.35 | $18.28 | $19.21 | $15.95 | $15.32 | $10.87 | $10.56 | $8.36 | $5.87 |
| Cash per share | $60.67 | $106.35 | $92.49 | $80.15 | $80.21 | $74.96 | $61.77 | $53.20 | $49.22 | $43.19 |
| Book value per share | $74.84 | $66.06 | $57.34 | $45.18 | $52.52 | $45.69 | $39.05 | $33.23 | $31.06 | $25.74 |
| Tangible book value per share | −$46.37 | −$42.89 | −$39.60 | $36.96 | $43.06 | $44.56 | $37.98 | $32.13 | $29.93 | $24.58 |
| Dividends per share | $4.16 | $3.30 | $2.60 | $2.20 | $1.88 | $1.60 | $1.36 | $1.00 | $0.78 | $0.70 |
| Capex per share | $0.80 | $0.85 | $0.94 | $0.68 | $0.62 | $0.69 | $0.60 | $0.31 | $0.15 | $0.29 |
| Debt per share | $55.69 | $57.12 | $56.76 | $70.25 | $51.44 | $44.12 | $38.08 | $30.54 | $50.54 | $38.45 |
| Shares outstanding | 32.7M | 34.2M | 36.0M | 38.1M | 39.7M | 40.2M | 42.3M | 44.0M | 45.7M | 47.5M |
| Change in shares outstanding | −4.4% | −5.1% | −5.5% | −3.9% | −1.3% | −5.0% | −3.8% | −3.7% | −3.7% | −6.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 31.9% | 21.8% | 30.4% | 24.8% | 24.4% | 22.1% | 23.5% | 22.5% | 26.5% | 18.5% |
| Return on invested capital (ROIC) | 52.6% | 116.3% | 55.7% | 48.5% | 61.9% | 62.0% | 65.7% | 35.6% | 30.4% | 16.2% |
| Return on assets (ROA) | 5.1% | 3.2% | 3.8% | 3.0% | 3.1% | 2.7% | 2.8% | 2.6% | 2.9% | 2.0% |
| Return on tangible assets | 6.8% | 4.3% | 5.0% | 3.1% | 3.0% | 2.6% | 2.7% | 2.6% | 2.8% | 1.9% |
| Free cash flow margin | 27.1% | 27.0% | 24.0% | 27.5% | 23.3% | 27.8% | 22.4% | 24.5% | 22.6% | 18.3% |
| Income quality (OCF / net income) | 1.20 | 1.83 | 1.20 | 1.60 | 1.38 | 1.67 | 1.33 | 1.48 | 1.11 | 1.33 |
| Financial health | ||||||||||
| Total debt | $1.82B | $1.95B | $2.04B | $2.68B | $2.04B | $1.77B | $1.61B | $1.34B | $2.31B | $1.82B |
| Cash & short-term investments | $1.98B | $3.64B | $3.33B | $3.05B | $3.18B | $3.01B | $2.61B | $2.34B | $2.25B | $2.05B |
| Net debt | −$162.8M | −$1.68B | −$1.29B | −$377.0M | −$1.14B | −$1.24B | −$1.00B | −$996.6M | $60.2M | −$224.8M |
| Debt / equity | 0.74 | 0.86 | 0.99 | 1.56 | 0.98 | 0.97 | 0.98 | 0.92 | 1.63 | 1.49 |
| Debt / assets | 0.12 | 0.13 | 0.14 | 0.17 | 0.13 | 0.12 | 0.12 | 0.11 | 0.19 | 0.16 |
| Net debt / EBITDA | −0.16 | −1.75 | −1.55 | −0.48 | −1.62 | −2.24 | −1.91 | −0.61 | 0.04 | −0.56 |
| Current ratio | 6.59 | 9.48 | 9.36 | 4.03 | 13.36 | 14.66 | 20.83 | 21.50 | 88.68 | 76.03 |
| Quick ratio | 6.59 | 9.48 | 16.54 | 11.92 | 15.55 | 16.60 | 22.92 | 23.12 | 286.28 | 267.79 |
| Interest coverage | 40.7 | 41.0 | 29.0 | 26.4 | 21.0 | 17.6 | 16.6 | 15.4 | 14.3 | 7.6 |
| Working capital | $4.15B | $5.99B | $5.94B | $2.24B | $7.42B | $7.10B | $6.74B | $6.43B | $2.18B | $1.98B |
| Invested capital | $2.28B | $575.6M | $778.6M | $1.34B | $941.8M | $596.7M | $649.9M | $464.9M | $1.48B | $996.5M |
| Tangible asset value | −$1.52B | −$1.47B | −$1.43B | $1.41B | $1.71B | $1.79B | $1.61B | $1.41B | $1.37B | $1.17B |
| Net current asset value | −$7.67B | −$5.63B | −$6.32B | −$10.64B | −$6.01B | −$5.45B | −$4.95B | −$4.39B | −$8.83B | −$8.21B |
| Graham number | $196.75 | $143.00 | $143.70 | $112.22 | $119.27 | $99.39 | $87.23 | $74.22 | $73.19 | $51.75 |
| Graham net-net per share | −$256.95 | −$186.99 | −$269.23 | −$264.10 | −$200.33 | −$177.13 | −$153.11 | −$135.10 | −$177.25 | −$155.21 |
| Capital allocation | ||||||||||
| Dividends paid | $136.1M | $112.8M | $93.7M | $83.8M | $74.6M | $64.3M | $57.6M | $44.1M | $35.8M | $33.4M |
| Share buybacks (net) | $450.0M | $428.4M | $375.1M | $356.3M | $18.8M | $231.4M | $225.0M | $210.1M | $150.0M | $150.1M |
| Dividend payout ratio | 18.1% | 24.0% | 16.3% | 17.7% | 15.6% | 16.7% | 15.7% | 13.6% | 10.2% | 15.2% |
| Dividends + buybacks / free cash flow | 67.0% | 65.0% | 71.2% | 60.1% | 14.8% | 48.0% | 61.4% | 54.7% | 48.7% | 65.9% |
| Capex / revenue | 0.8% | 0.9% | 1.2% | 1.0% | 0.9% | 1.2% | 1.2% | 0.7% | 0.4% | 0.9% |
| Capex / operating cash flow | 2.9% | 3.4% | 4.9% | 3.4% | 3.8% | 4.3% | 5.2% | 2.8% | 1.7% | 4.7% |
| Capex / depreciation | 1.35 | 1.25 | 1.06 | 0.76 | 0.83 | 1.56 | 1.39 | 1.09 | 0.50 | 0.94 |
| Stock-based compensation / revenue | 0.8% | 0.8% | 0.7% | 0.8% | 0.6% | 0.9% | 0.9% | 0.9% | 0.9% | 0.9% |
| SG&A / revenue | 29.5% | 37.1% | 8.6% | 8.9% | 7.5% | 8.5% | 8.7% | 8.9% | 8.7% | 26.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 337.7 | 376.4 | 523.7 | 640.7 | 629.7 | 739.9 | 759.3 | 801.8 | 934.2 | 1,027.4 |
| Days of inventory on hand | — | — | -1,213.5 | -804.1 | -256.8 | -218.4 | -170.0 | -4,315.7 | -9,617.1 | -5,075.2 |
| Days payables outstanding | 285.6 | 7,305.8 | 116.7 | 126.3 | 121.9 | 109.2 | 91.1 | 493.8 | 554.9 | 508.8 |
| Cash conversion cycle (days) | 52.1 | -6,929.4 | -806.4 | -289.7 | 251.0 | 412.3 | 498.1 | -4,007.7 | -9,237.8 | -4,556.6 |
| Receivables turnover | 1.08 | 0.97 | 0.70 | 0.57 | 0.58 | 0.49 | 0.48 | 0.46 | 0.39 | 0.36 |
| Payables turnover | 1.28 | 0.05 | 3.13 | 2.89 | 2.99 | 3.34 | 4.01 | 0.74 | 0.66 | 0.72 |
| Asset turnover | 0.22 | 0.21 | 0.18 | 0.17 | 0.17 | 0.16 | 0.16 | 0.15 | 0.14 | 0.14 |
| Average receivables | $2.99B | $3.19B | $3.94B | $4.66B | $4.68B | $4.50B | $4.27B | $4.17B | $4.32B | $4.28B |
| Average payables | $491.9M | $501.1M | $526.0M | $561.8M | $552.5M | $429.8M | $326.9M | $310.6M | $287.8M | $253.1M |
| Average inventory | — | — | −$5.47B | −$3.58B | −$1.16B | −$859.7M | −$610.0M | −$2.71B | −$4.99B | −$2.53B |
| Intangibles / total assets | 26.4% | 25.5% | 23.2% | 2.0% | 2.3% | 0.3% | 0.3% | 0.4% | 0.4% | 0.5% |
Computed from PRI's annual financial statements (latest annual report filed February 27, 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.
PRI valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Primerica traded at 11.2 times earnings, against a 10-year median of 13.3. Based on the latest twelve months, the trailing P/E is 11.4 and the forward P/E is 14.0. Primerica earned a return on equity of 31.9% and a return on invested capital of 52.6% in fiscal 2025. It ended the year with $1.8 billion of debt and $2.0 billion in cash and short-term investments, a net cash position of $162.8 million. It returned $586.1 million to shareholders: $136.1 million in dividends and $450.0 million in share buybacks, 67% of free cash flow. The share count fell 31.1% from 47.5M to 32.7M over 9 years.
See the PRI income statement, the PRI chart for price history, or the PRI stock overview for the latest quote and news.
PRI key metrics FAQ
What is Primerica's P/E ratio?
Primerica's trailing P/E ratio is 11.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.0. At the end of fiscal 2025 it was 11.2, compared with a 10-year median of 13.3.
What is Primerica's EV/EBITDA?
Primerica's enterprise value was 8.1 times EBITDA at the end of fiscal 2025 (enterprise value $8.3 billion, EBITDA $1.0 billion).
What is Primerica's return on equity?
Primerica's return on equity (ROE) was 31.9% in fiscal 2025: net income of $751.2 million on average shareholders' equity of $2.4 billion.
What is Primerica's ROIC?
Primerica's return on invested capital was 52.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Primerica have?
Primerica had total debt of $1.8 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.74 and more cash than debt.
What is Primerica's dividend yield?
Primerica's forward dividend yield is 1.70%. Primerica paid $136.1 million in dividends in fiscal 2025 ($4.16 per share), a payout ratio of 18.1%.
Does Primerica buy back its shares?
Yes. Primerica spent $450.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −4.4% over the year, to 32.7M..
What is Primerica's free cash flow yield?
Primerica generated $875.1 million of free cash flow in fiscal 2025, a free cash flow yield of 10.4% on its market value at year-end ($8.4 billion).
What is Primerica's current ratio?
Primerica's current ratio was 6.59 at the end of fiscal 2025: current assets were 6.59 times current liabilities.