United Fire Group, Inc. (UFCS) Key Metrics
UFCS valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.45B
- Enterprise value
- $1.39B
- P/E (TTM)
- 10.5 10-yr median 24.2
- Forward P/E
- 14.1
- PEG ratio
- 1.41
- Price / sales
- 1.0 10-yr median 0.7
- Price / book
- 1.4 10-yr median 1.0
- EV / EBITDA
- — 10-yr median 28.2
- Dividend yield
- 1.42% $0.80 a year
- Beta
- 0.47
UFCS key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsUFCS valuation Price multiples at each fiscal year-end price.
UFCS returns How much profit the business earns on the capital it uses.
UFCS per-share figures Results divided by the shares outstanding at year-end.
UFCS financial health Debt, liquidity and how easily interest is covered.
UFCS efficiency & capital use Working capital cycle and where the cash goes.
UFCS valuation history
UFCS returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
UFCS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
UFCS cash returned to shareholders
UFCS price vs earnings per share
UFCS key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $959.0M | $737.4M | $508.0M | $692.7M | $581.9M | $628.2M | $1.12B | $1.42B | $1.17B | $1.27B |
| Enterprise value | −$169.2M | −$273.5M | $455.9M | $645.8M | $507.8M | $597.0M | $1.01B | $1.36B | $1.07B | $1.16B |
| P/E ratio | 8.1 | 11.9 | — | 46.1 | 7.2 | — | 75.5 | 51.4 | 22.9 | 25.4 |
| Price / sales | 0.7 | 0.6 | 0.5 | 0.7 | 0.6 | 0.6 | 0.9 | 1.3 | 1.1 | 1.3 |
| Price / book | 1.0 | 0.9 | 0.7 | 0.9 | 0.2 | 0.2 | 1.2 | 1.6 | 1.2 | 1.3 |
| Price / free cash flow | 3.6 | 2.2 | 3.2 | — | 36.5 | 27.8 | 18.2 | 18.4 | 7.6 | 6.1 |
| Price / operating cash flow | 3.6 | 2.2 | 3.0 | — | 19.5 | 15.2 | 11.9 | 12.9 | 6.9 | 5.9 |
| EV / sales | -0.1 | -0.2 | 0.4 | 0.7 | 0.5 | 0.6 | 0.8 | 1.3 | 1.0 | 1.2 |
| EV / EBITDA | — | — | — | 28.2 | 4.8 | — | 36.1 | — | 53.1 | 18.2 |
| EV / free cash flow | — | — | 2.8 | — | 31.9 | 26.4 | 16.5 | 17.6 | 7.0 | 5.6 |
| Earnings yield | 12.3% | 8.4% | −5.8% | 2.2% | 13.9% | −17.9% | 1.3% | 1.9% | 4.4% | 3.9% |
| Free cash flow yield | 27.5% | 44.5% | 31.7% | −0.5% | 2.7% | 3.6% | 5.5% | 5.4% | 13.1% | 16.3% |
| Dividend yield | 1.7% | 2.2% | 3.2% | 2.3% | 2.6% | 4.5% | 2.9% | 7.4% | 2.3% | 1.9% |
| Shareholder yield (dividends + buybacks) | 1.8% | 2.2% | 3.2% | 2.3% | 3.0% | 5.0% | 4.0% | 7.8% | 4.9% | 2.2% |
| Share price at fiscal year-end | $36.35 | $28.45 | $20.12 | $27.36 | $23.19 | $25.10 | $43.73 | $55.45 | $45.58 | $49.17 |
| Per share | ||||||||||
| Revenue per share | $52.55 | $48.30 | $43.50 | $39.03 | $42.10 | $43.08 | $46.91 | $42.16 | $41.17 | $38.22 |
| Earnings per share | $4.48 | $2.39 | −$1.18 | $0.59 | $3.21 | −$4.50 | $0.58 | $1.08 | $1.99 | $1.93 |
| Operating cash flow per share | $10.22 | $13.13 | $6.80 | −$0.05 | $1.19 | $1.66 | $3.66 | $4.30 | $6.63 | $8.31 |
| Free cash flow per share | $9.98 | $12.67 | $6.37 | −$0.13 | $0.64 | $0.90 | $2.40 | $3.01 | $5.96 | $8.01 |
| Cash per share | $48.30 | $43.52 | $4.05 | $3.83 | $5.28 | $3.52 | $4.73 | $2.52 | $3.73 | $4.30 |
| Book value per share | $35.67 | $30.15 | $29.06 | $29.23 | $117.01 | $119.66 | $35.59 | $34.67 | $37.96 | $36.50 |
| Tangible book value per share | $29.56 | $30.00 | $28.88 | $29.02 | $116.77 | $119.12 | $34.71 | $33.76 | $37.03 | $35.54 |
| Dividends per share | $0.62 | $0.63 | $0.64 | $0.63 | $0.60 | $1.14 | $1.28 | $4.11 | $1.07 | $0.95 |
| Capex per share | $0.24 | $0.46 | $0.43 | $0.08 | $0.56 | $0.75 | $1.27 | $1.29 | $0.67 | $0.29 |
| Debt per share | $5.54 | $4.52 | $1.98 | $1.97 | $2.32 | $2.27 | $0.62 | — | $0.00 | $0.00 |
| Shares outstanding | 26.4M | 25.9M | 25.2M | 25.3M | 25.1M | 25.0M | 25.6M | 25.6M | 25.6M | 25.8M |
| Change in shares outstanding | +1.8% | +2.6% | −0.3% | +0.9% | +0.3% | −2.2% | −0.2% | −0.1% | −0.6% | +2.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 13.7% | 8.2% | −4.0% | 0.8% | 2.7% | −5.8% | 1.6% | 3.0% | 5.3% | 5.5% |
| Return on invested capital (ROIC) | — | — | −4.6% | 0.7% | 2.8% | −7.1% | 1.8% | −0.8% | 1.8% | 6.1% |
| Return on assets (ROA) | 3.2% | 1.9% | −1.0% | 0.5% | 2.7% | −3.7% | 0.5% | 0.8% | 1.2% | 1.3% |
| Return on tangible assets | 3.2% | 1.8% | −0.9% | 0.5% | 2.7% | −3.7% | 0.5% | 1.0% | 1.2% | 1.2% |
| Free cash flow margin | 19.0% | 26.2% | 14.6% | −0.3% | 1.5% | 2.1% | 5.1% | 7.1% | 14.5% | 21.0% |
| Income quality (OCF / net income) | 2.28 | 5.49 | — | −0.08 | 0.37 | — | 6.33 | 3.98 | 3.33 | 4.30 |
| Financial health | ||||||||||
| Total debt | $146.2M | $117.1M | $50.0M | $50.0M | $58.3M | $56.9M | $15.9M | — | $0 | $0 |
| Cash & short-term investments | $1.27B | $1.13B | $102.1M | $96.9M | $132.4M | $88.1M | $120.9M | $64.6M | $95.7M | $111.0M |
| Net debt | −$1.13B | −$1.01B | −$52.1M | −$46.9M | −$74.1M | −$31.2M | −$105.0M | −$64.6M | −$95.7M | −$111.0M |
| Debt / equity | 0.16 | 0.15 | 0.07 | 0.07 | 0.02 | 0.02 | 0.02 | — | 0.00 | 0.00 |
| Debt / assets | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | — | 0.00 | 0.00 |
| Net debt / EBITDA | −6.64 | −10.62 | — | −2.05 | −0.69 | — | −3.74 | — | −4.73 | −1.75 |
| Current ratio | 0.80 | 1.62 | 3.97 | 0.32 | 0.41 | 0.41 | 3.43 | 0.30 | 0.32 | 0.35 |
| Quick ratio | 0.80 | 1.62 | 7.95 | 0.75 | 0.78 | 0.74 | 7.51 | 0.66 | 0.73 | 0.77 |
| Interest coverage | 13.1 | 10.6 | -12.2 | 3.8 | 30.4 | — | — | — | — | — |
| Working capital | −$523.1M | $1.08B | $424.3M | −$995.8M | −$891.4M | −$919.1M | $338.9M | −$962.6M | −$904.1M | −$791.1M |
| Invested capital | −$187.0M | −$229.3M | $681.6M | $693.2M | $2.86B | $2.96B | $805.4M | $823.7M | $877.6M | $830.9M |
| Tangible asset value | $779.8M | $777.6M | $729.1M | $734.8M | $2.93B | $2.98B | $887.9M | $865.1M | $949.4M | $917.1M |
| Net current asset value | −$837.7M | $118.9M | −$1.84B | −$1.68B | $532.6M | $557.2M | −$1.62B | −$1.52B | −$2.79B | −$2.70B |
| Graham number | $59.97 | $40.27 | — | $19.76 | $91.96 | — | $21.54 | $29.01 | $41.23 | $39.85 |
| Graham net-net per share | −$40.14 | −$40.79 | −$88.84 | −$82.37 | $5.34 | $6.47 | −$78.13 | −$72.16 | −$122.61 | −$117.27 |
| Capital allocation | ||||||||||
| Dividends paid | $16.3M | $16.2M | $16.2M | $15.9M | $15.1M | $28.5M | $32.7M | $105.4M | $27.3M | $24.6M |
| Share buybacks (net) | $993,000 | — | $290,000 | $8,000 | $2.4M | $2.8M | $11.7M | $5.4M | $29.8M | $3.7M |
| Dividend payout ratio | 13.8% | 26.2% | — | 105.5% | 18.7% | — | 220.4% | 381.2% | 53.6% | 49.3% |
| Dividends + buybacks / free cash flow | 6.6% | 4.9% | 10.2% | — | 109.7% | 138.8% | 72.3% | 143.8% | 37.3% | 13.7% |
| Capex / revenue | 0.5% | 0.9% | 1.0% | 0.2% | 1.3% | 1.7% | 2.7% | 3.1% | 1.6% | 0.8% |
| Capex / operating cash flow | 2.4% | 3.5% | 6.3% | — | 46.7% | 45.5% | 34.6% | 30.0% | 10.1% | 3.5% |
| Capex / depreciation | 0.60 | 1.09 | 1.04 | 0.28 | 2.13 | 2.83 | 2.90 | 6.39 | 3.75 | 1.26 |
| Stock-based compensation / revenue | 0.7% | 0.4% | 0.3% | 0.3% | 0.3% | 0.5% | 0.5% | 0.5% | 0.5% | 0.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 191.0 | 169.2 | 138.0 | 155.6 | 176.4 | 152.6 | 107.1 | 114.1 | 109.7 | 107.8 |
| Days of inventory on hand | — | — | -215.2 | -254.9 | -229.8 | -183.9 | -184.8 | -202.8 | -207.1 | -105.9 |
| Days payables outstanding | — | — | — | 435.6 | 350.0 | 47.7 | 48.5 | 56.5 | 63.8 | 76.0 |
| Cash conversion cycle (days) | — | — | — | -534.9 | -403.5 | -79.0 | -126.2 | -145.2 | -161.2 | -74.1 |
| Receivables turnover | 1.91 | 2.16 | 2.64 | 2.35 | 2.07 | 2.39 | 3.41 | 3.20 | 3.33 | 3.38 |
| Payables turnover | — | — | — | 0.84 | 1.04 | 7.65 | 7.52 | 6.46 | 5.72 | 4.80 |
| Asset turnover | 0.38 | 0.38 | 0.36 | 0.34 | 0.35 | 0.35 | 0.41 | 0.31 | 0.26 | 0.25 |
| Average receivables | $725.5M | $580.3M | $415.3M | $421.3M | $510.5M | $450.8M | $352.2M | $337.7M | $317.4M | $291.4M |
| Average payables | — | — | — | $1.01B | $820.4M | $141.1M | $139.2M | $145.2M | $163.2M | $182.3M |
| Average inventory | — | — | −$597.9M | −$593.9M | −$538.7M | −$544.1M | −$530.1M | −$521.1M | −$529.7M | −$254.0M |
| Intangibles / total assets | 4.2% | 0.1% | 0.1% | 0.2% | 0.2% | 0.4% | 0.7% | 0.8% | 0.6% | 0.6% |
Computed from UFCS'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.
UFCS valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), United Fire traded at 8.1 times earnings, against a 10-year median of 24.2. Based on the latest twelve months, the trailing P/E is 10.5 and the forward P/E is 14.1. United Fire earned a return on equity of 13.7% in fiscal 2025. It ended the year with $146.2 million of debt and $1.3 billion in cash and short-term investments, a net cash position of $1.1 billion. It returned $17.3 million to shareholders: $16.3 million in dividends and $1.0 million in share buybacks, 7% of free cash flow.
See the UFCS income statement, the UFCS chart for price history, or the UFCS stock overview for the latest quote and news.
UFCS key metrics FAQ
What is United Fire's P/E ratio?
United Fire's trailing P/E ratio is 10.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 14.1. At the end of fiscal 2025 it was 8.1, compared with a 10-year median of 24.2.
What is United Fire's return on equity?
United Fire's return on equity (ROE) was 13.7% in fiscal 2025: net income of $118.2 million on average shareholders' equity of $861.4 million.
How much debt does United Fire have?
United Fire had total debt of $146.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.16 and more cash than debt.
What is United Fire's dividend yield?
United Fire's forward dividend yield is 1.42%. United Fire paid $16.3 million in dividends in fiscal 2025 ($0.62 per share), a payout ratio of 13.8%.
Does United Fire buy back its shares?
Yes. United Fire spent $1.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +1.8% over the year, to 26.4M..
What is United Fire's free cash flow yield?
United Fire generated $263.3 million of free cash flow in fiscal 2025, a free cash flow yield of 27.5% on its market value at year-end ($959.0 million).
What is United Fire's current ratio?
United Fire's current ratio was 0.80 at the end of fiscal 2025: current assets were 0.80 times current liabilities.