Markel Group (BSP:MKLC34) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:MKLC34 Markel Group Inc BSP:MKLC34
84 GF Score
Price R$462.00
GF Value R$568.11
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Markel Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Markel Group  (BSP:MKLC34) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Markel Group Cyclically Adjusted PS Ratio Related Terms


Markel Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Markel Group's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Markel Group Cyclically Adjusted PS Ratio Chart

Markel Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.26 0.22 0.27 0.27

Markel Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.23 0.27 0.21 0.21

BSP:MKLC34 vs L, WRB, CINF: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Property & Casualty subindustry, Markel Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Markel Group Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Markel Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Markel Group's Cyclically Adjusted PS Ratio falls into.


BSP:MKLC34
84GF Score
Markel Group Inc BSP:MKLC34
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Markel Group Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Markel Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Markel Group's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1040.58/333.9520*333.9520
=1,040.580

Current CPI (Jun. 2026) = 333.9520.

Markel Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 164.738 241.428 227.872
201612 167.180 241.432 231.246
201703 157.441 243.801 215.658
201706 169.601 244.955 231.220
201709 170.027 246.819 230.051
201712 193.078 246.524 261.552
201803 183.351 249.554 245.359
201806 256.836 251.989 340.376
201809 317.022 252.439 419.389
201812 142.481 251.233 189.393
201903 334.559 254.202 439.519
201906 344.350 256.143 448.954
201909 290.940 256.759 378.409
201912 383.108 256.974 497.870
202003 57.464 258.115 74.348
202006 607.940 257.797 787.530
202009 565.851 260.280 726.015
202012 653.316 260.474 837.612
202103 573.287 264.877 722.790
202106 669.915 271.696 823.418
202109 509.326 274.310 620.066
202112 764.504 278.802 915.731
202203 478.337 287.504 555.615
202206 324.039 296.311 365.202
202209 591.513 296.808 665.538
202212 817.877 296.797 920.264
202303 701.920 301.836 776.606
202306 765.312 305.109 837.660
202309 617.297 307.789 669.769
202312 866.019 306.746 942.828
202403 840.362 312.332 898.533
202406 737.178 314.175 783.583
202409 982.260 315.301 1,040.364
202412 867.296 315.605 917.714
202503 774.230 319.799 808.494
202506 1,024.650 322.561 1,060.835
202509 944.182 324.800 970.787
202512 904.188 324.054 931.806
202603 587.438 330.213 594.090
202606 1,040.580 333.952 1,040.580

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Markel Group (BSP:MKLC34) Overvalued in 2026?

Based on GuruFocus' analysis, Markel Group stock appears to be undervalued. The current stock price of R$462.00 is trading 18.7% below its estimated GF Value™ of R$568.11. GuruFocus considers Markel Group to be Modestly Undervalued.

Key valuation signals for BSP:MKLC34:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: R$568.11 vs. price of R$462.00 (18.7% below fair value)
  • GF Score™: 84/100 with 5 warning signs

No single metric tells the full story. See the BSP:MKLC34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Markel Group Business Description

Address 4521 Highwoods Parkway, Glen Allen, VA, USA, 23060-6148
Markel's primary business is property and casualty insurance. The company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The acquisition of Alterra in 2013 added substantial reinsurance operations, which now account for a little over 10% of premiums. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.
84GF Score

Get the complete analysis for BSP:MKLC34

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$462.00
Price
R$568.11
GF Value