Unum Group (UNM) Key Metrics
UNM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $14.60B
- Enterprise value
- $18.52B
- P/E (TTM)
- 21.5 10-yr median 7.3
- Forward P/E
- 8.5
- PEG ratio
- 1.03
- Price / sales
- 1.1 10-yr median 0.7
- Price / book
- 1.4 10-yr median 0.9
- EV / EBITDA
- — 10-yr median 6.8
- Dividend yield
- 2.19% $2.02 a year
- Beta
- 0.24
UNM key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsUNM valuation Price multiples at each fiscal year-end price.
UNM returns How much profit the business earns on the capital it uses.
UNM per-share figures Results divided by the shares outstanding at year-end.
UNM financial health Debt, liquidity and how easily interest is covered.
UNM efficiency & capital use Working capital cycle and where the cash goes.
UNM valuation history
UNM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
UNM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
UNM cash returned to shareholders
UNM price vs earnings per share
UNM key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $13.40B | $13.73B | $8.94B | $8.29B | $5.03B | $4.67B | $6.12B | $6.47B | $12.48B | $10.37B |
| Enterprise value | $17.15B | $17.43B | −$26.22B | $11.60B | $7.03B | $6.38B | $9.56B | $9.34B | $15.34B | $13.27B |
| P/E ratio | 18.1 | 7.7 | 7.0 | 5.9 | 5.1 | 5.9 | 5.6 | 12.4 | 12.5 | 11.1 |
| Price / sales | 1.0 | 1.1 | 0.7 | 0.7 | 0.4 | 0.4 | 0.5 | 0.6 | 1.1 | 0.9 |
| Price / book | 1.2 | 1.3 | 0.9 | 0.9 | 0.4 | 0.4 | 0.6 | 0.8 | 1.3 | 1.2 |
| Price / free cash flow | 24.1 | 9.9 | 8.4 | 6.3 | 3.9 | 9.8 | 3.8 | 4.6 | 11.9 | 10.1 |
| Price / operating cash flow | 19.5 | 9.1 | 7.4 | 5.8 | 3.6 | 7.8 | 3.5 | 4.2 | 10.9 | 9.3 |
| EV / sales | 1.3 | 1.4 | -2.1 | 1.0 | 0.6 | 0.5 | 0.8 | 0.8 | 1.4 | 1.2 |
| EV / EBITDA | 13.6 | 6.8 | — | 5.7 | 4.5 | 5.0 | 5.7 | 10.4 | 9.2 | 8.2 |
| EV / free cash flow | 30.9 | 12.6 | — | 8.8 | 5.5 | 13.3 | 6.0 | 6.7 | 14.7 | 12.9 |
| Earnings yield | 5.5% | 13.0% | 14.4% | 17.0% | 19.5% | 17.0% | 18.0% | 8.1% | 8.0% | 9.0% |
| Free cash flow yield | 4.1% | 10.1% | 12.0% | 15.9% | 25.4% | 10.2% | 26.0% | 21.5% | 8.4% | 9.9% |
| Dividend yield | 2.3% | 2.2% | 3.1% | 3.1% | 4.8% | 5.0% | 3.7% | 3.3% | 1.6% | 1.8% |
| Shareholder yield (dividends + buybacks) | 9.8% | 9.2% | 5.9% | 5.5% | 5.7% | 5.0% | 10.3% | 8.8% | 4.8% | 5.7% |
| Share price at fiscal year-end | $77.50 | $73.03 | $45.22 | $41.03 | $24.57 | $22.94 | $29.16 | $29.38 | $54.89 | $43.93 |
| Per share | ||||||||||
| Revenue per share | $75.49 | $68.01 | $62.29 | $58.76 | $57.79 | $64.52 | $57.15 | $52.70 | $49.66 | $46.81 |
| Earnings per share | $4.27 | $9.46 | $6.50 | $6.96 | $4.79 | $3.89 | $5.24 | $2.38 | $4.37 | $3.95 |
| Operating cash flow per share | $3.98 | $8.05 | $6.09 | $7.02 | $6.77 | $2.93 | $8.30 | $6.98 | $5.06 | $4.73 |
| Free cash flow per share | $3.21 | $7.38 | $5.40 | $6.51 | $6.23 | $2.35 | $7.58 | $6.33 | $4.59 | $4.37 |
| Cash per share | $0.91 | $0.87 | $195.29 | $0.59 | $7.14 | $8.18 | $0.40 | $0.43 | $0.34 | $0.43 |
| Book value per share | $64.30 | $58.28 | $48.84 | $43.22 | $55.73 | $53.35 | $47.49 | $39.17 | $42.12 | $38.00 |
| Tangible book value per share | $61.93 | $56.13 | $46.75 | $41.19 | $53.65 | $51.21 | $45.39 | $37.14 | $40.51 | $36.44 |
| Dividends per share | $1.77 | $1.58 | $1.40 | $1.26 | $1.17 | $1.14 | $1.09 | $0.98 | $0.86 | $0.77 |
| Capex per share | $0.77 | $0.67 | $0.68 | $0.51 | $0.54 | $0.58 | $0.72 | $0.65 | $0.46 | $0.36 |
| Debt per share | $22.57 | $20.53 | $17.36 | $16.97 | $16.91 | $16.54 | $16.82 | $13.50 | $12.93 | $12.71 |
| Shares outstanding | 172.9M | 188.1M | 197.6M | 202.1M | 204.8M | 203.8M | 209.9M | 220.1M | 227.3M | 236.0M |
| Change in shares outstanding | −8.1% | −4.8% | −2.2% | −1.3% | +0.5% | −2.9% | −4.7% | −3.2% | −3.7% | −4.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.7% | 17.3% | 14.0% | 14.0% | 8.8% | 7.6% | 11.8% | 5.8% | 10.7% | 10.6% |
| Return on invested capital (ROIC) | 5.0% | — | — | 11.1% | 7.5% | 6.1% | 8.8% | 4.4% | 8.2% | 8.0% |
| Return on assets (ROA) | 1.2% | 2.8% | 2.1% | 2.1% | 1.4% | 1.1% | 1.7% | 0.8% | 1.5% | 1.5% |
| Return on tangible assets | 1.2% | 2.9% | 2.0% | 2.3% | 1.4% | 1.1% | 1.6% | 0.8% | 1.5% | 1.5% |
| Free cash flow margin | 4.3% | 10.8% | 8.7% | 11.1% | 10.8% | 3.6% | 13.3% | 12.0% | 9.3% | 9.3% |
| Income quality (OCF / net income) | 0.93 | 0.85 | 0.94 | 1.01 | 1.41 | 0.75 | 1.58 | 2.94 | 1.16 | 1.20 |
| Financial health | ||||||||||
| Total debt | $3.90B | $3.86B | $3.43B | $3.43B | $3.46B | $3.37B | $3.53B | $2.97B | $2.94B | $3.00B |
| Cash & short-term investments | $158.2M | $162.8M | $38.59B | $119.2M | $1.46B | $1.67B | $84.1M | $94.0M | $77.4M | $100.4M |
| Net debt | $3.74B | $3.70B | −$35.16B | $3.31B | $2.00B | $1.70B | $3.45B | $2.88B | $2.86B | $2.90B |
| Debt / equity | 0.35 | 0.35 | 0.36 | 0.39 | 0.30 | 0.31 | 0.35 | 0.34 | 0.31 | 0.33 |
| Debt / assets | 0.06 | 0.06 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| Net debt / EBITDA | 2.96 | 1.44 | −18.09 | 1.62 | 1.28 | 1.35 | 2.06 | 3.21 | 1.72 | 1.79 |
| Current ratio | — | 2.40 | — | 4.36 | — | — | 2.13 | 4.71 | 3.04 | 4.70 |
| Quick ratio | — | 2.40 | — | 4.36 | — | — | 7.84 | 135.34 | 104.26 | 157.97 |
| Interest coverage | 4.5 | 11.2 | 8.4 | 9.3 | 6.8 | 5.1 | 7.8 | 3.8 | 8.8 | 8.1 |
| Working capital | — | $945.8M | $10.42B | $1.23B | $25.42B | $25.38B | $896.8M | $1.35B | $1.17B | $1.35B |
| Invested capital | $14.86B | $14.66B | −$25.51B | $12.05B | $13.42B | $12.58B | $13.41B | $11.50B | $12.44B | $11.87B |
| Tangible asset value | $10.71B | $10.56B | $9.24B | $8.32B | $10.99B | $10.43B | $9.52B | $8.17B | $9.21B | $8.60B |
| Net current asset value | −$51.39B | −$49.77B | −$52.63B | −$51.19B | −$44.80B | −$45.83B | −$56.71B | −$52.28B | −$53.78B | −$52.88B |
| Graham number | $78.61 | $111.38 | $84.50 | $82.28 | $77.49 | $68.35 | $74.85 | $45.78 | $64.39 | $58.09 |
| Graham net-net per share | −$299.24 | −$266.58 | −$170.00 | −$255.11 | −$244.53 | −$251.67 | −$282.88 | −$347.18 | −$366.03 | −$343.86 |
| Capital allocation | ||||||||||
| Dividends paid | $306.2M | $296.5M | $277.1M | $254.2M | $239.4M | $231.9M | $229.2M | $215.6M | $196.0M | $182.6M |
| Share buybacks (net) | $1.01B | $972.9M | $250.1M | $200.1M | $50.0M | $0 | $400.3M | $356.2M | $401.8M | $405.2M |
| Dividend payout ratio | 41.5% | 16.7% | 21.6% | 18.1% | 24.4% | 29.2% | 20.8% | 41.2% | 19.7% | 19.6% |
| Dividends + buybacks / free cash flow | 237.0% | 91.5% | 49.4% | 34.5% | 22.7% | 48.5% | 39.6% | 41.1% | 57.3% | 57.0% |
| Capex / revenue | 1.0% | 1.0% | 1.1% | 0.9% | 0.9% | 0.9% | 1.3% | 1.2% | 0.9% | 0.8% |
| Capex / operating cash flow | 19.2% | 8.3% | 11.2% | 7.2% | 7.9% | 19.9% | 8.7% | 9.4% | 9.2% | 7.6% |
| Capex / depreciation | 1.08 | 1.08 | 1.24 | 0.92 | 0.92 | 1.05 | 1.37 | 1.42 | 1.02 | 0.84 |
| Stock-based compensation / revenue | — | — | 0.5% | 0.4% | 0.3% | 0.2% | 0.2% | 0.2% | 0.3% | 0.2% |
| SG&A / revenue | 9.1% | 9.1% | 9.4% | 9.2% | 8.2% | 7.3% | 7.5% | 7.6% | 7.6% | 7.6% |
| Efficiency | ||||||||||
| Days sales outstanding | 40.4 | 172.8 | 179.9 | 213.9 | 380.8 | 192.4 | 49.0 | 51.6 | 53.0 | 53.0 |
| Days of inventory on hand | — | — | -2,343.3 | — | -195.8 | -168.3 | -1,106.7 | -2,132.2 | -2,589.6 | -1,292.8 |
| Days payables outstanding | — | — | — | 8.0 | 6.8 | — | 6.0 | 0.5 | 0.5 | 0.6 |
| Cash conversion cycle (days) | — | — | — | 205.9 | 178.2 | — | -1,063.7 | -2,081.1 | -2,537.2 | -1,240.4 |
| Receivables turnover | 9.04 | 2.11 | 2.03 | 1.71 | 0.96 | 1.90 | 7.45 | 7.07 | 6.89 | 6.88 |
| Payables turnover | — | — | — | 45.40 | 53.55 | — | 61.06 | 671.10 | 682.18 | 591.66 |
| Asset turnover | 0.21 | 0.20 | 0.20 | 0.18 | 0.17 | 0.19 | 0.18 | 0.18 | 0.18 | 0.18 |
| Average receivables | $1.44B | $6.06B | $6.07B | $6.96B | $12.35B | $6.93B | $1.61B | $1.64B | $1.64B | $1.60B |
| Average payables | — | — | — | $175.0M | $159.1M | — | $140.3M | $13.4M | $11.8M | $13.3M |
| Average inventory | — | — | −$53.13B | — | −$4.57B | −$4.64B | −$25.98B | −$52.73B | −$56.87B | −$27.87B |
| Intangibles / total assets | 0.6% | 0.6% | 0.7% | 0.7% | 0.6% | 0.6% | 0.6% | 0.7% | 0.6% | 0.6% |
Computed from UNM's annual financial statements (latest annual report filed February 17, 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.
UNM valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Unum traded at 18.1 times earnings, against a 10-year median of 7.3. Based on the latest twelve months, the trailing P/E is 21.5 and the forward P/E is 8.5. Unum earned a return on equity of 6.7% and a return on invested capital of 5.0% in fiscal 2025. It ended the year with $3.9 billion of debt and $158.2 million in cash and short-term investments, net debt of $3.7 billion. It returned $1.3 billion to shareholders: $306.2 million in dividends and $1.0 billion in share buybacks, 237% of free cash flow. The share count fell 26.7% from 236.0M to 172.9M over 9 years.
See the UNM income statement, the UNM chart for price history, or the UNM stock overview for the latest quote and news.
UNM key metrics FAQ
What is Unum's P/E ratio?
Unum's trailing P/E ratio is 21.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.5. At the end of fiscal 2025 it was 18.1, compared with a 10-year median of 7.3.
What is Unum's EV/EBITDA?
Unum's enterprise value was 13.6 times EBITDA at the end of fiscal 2025 (enterprise value $17.1 billion, EBITDA $1.3 billion).
What is Unum's return on equity?
Unum's return on equity (ROE) was 6.7% in fiscal 2025: net income of $738.5 million on average shareholders' equity of $11.0 billion.
What is Unum's ROIC?
Unum's return on invested capital was 5.0% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Unum have?
Unum had total debt of $3.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.35 and $3.7 billion of net debt (2.96 times EBITDA).
What is Unum's dividend yield?
Unum's forward dividend yield is 2.19%. Unum paid $306.2 million in dividends in fiscal 2025 ($1.77 per share), a payout ratio of 41.5%.
Does Unum buy back its shares?
Yes. Unum spent $1.0 billion on net share repurchases in fiscal 2025 Shares outstanding changed −8.1% over the year, to 172.9M..
What is Unum's free cash flow yield?
Unum generated $555.4 million of free cash flow in fiscal 2025, a free cash flow yield of 4.1% on its market value at year-end ($13.4 billion).