MKL (Markel Group) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

MKL Markel Group Inc MKL
78 GF Score
Price $1,776.33
GF Value $2,208.05
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  (NYSE:MKL) 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 2.21 2.06 1.94 2.07 2.30

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 2.23 2.07 2.29 1.98 1.94

MKL 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.


MKL
78GF Score
Markel Group Inc MKL
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)
=411.846/333.9520*333.9520
=411.846

Current CPI (Jun. 2026) = 333.9520.

Markel Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 101.530 241.428 140.440
201612 101.384 241.432 140.236
201703 100.182 243.801 137.227
201706 105.549 244.955 143.897
201709 107.356 246.819 145.255
201712 118.914 246.524 161.086
201803 112.955 249.554 151.156
201806 142.545 251.989 188.910
201809 160.619 252.439 212.483
201812 74.842 251.233 99.484
201903 177.600 254.202 233.318
201906 175.670 256.143 229.034
201909 146.617 256.759 190.696
201912 186.137 256.974 241.895
202003 25.743 258.115 33.307
202006 226.204 257.797 293.026
202009 210.404 260.280 269.959
202012 242.012 260.474 310.282
202103 209.253 264.877 263.822
202106 252.714 271.696 310.620
202109 194.884 274.310 237.257
202112 273.696 278.802 327.836
202203 183.045 287.504 212.617
202206 131.664 296.311 148.390
202209 225.535 296.808 253.760
202212 311.078 296.797 350.021
202303 270.381 301.836 299.150
202306 308.891 305.109 338.092
202309 252.918 307.789 274.417
202312 349.429 306.746 380.421
202403 339.437 312.332 362.933
202406 282.994 314.175 300.808
202409 354.249 315.301 375.204
202412 297.130 315.605 314.403
202503 264.790 319.799 276.509
202506 361.568 322.561 374.337
202509 346.567 324.800 356.332
202512 335.197 324.054 345.435
202603 223.519 330.213 226.050
202606 411.846 333.952 411.846

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 (MKL) Overvalued in 2026?

Based on GuruFocus' analysis, Markel Group stock appears to be undervalued. The current stock price of $1,776.33 is trading 19.6% below its estimated GF Value™ of $2,208.05. GuruFocus considers Markel Group to be Modestly Undervalued.

Key valuation signals for MKL:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $2,208.05 vs. price of $1,776.33 (19.6% below fair value)
  • GF Score™: 78/100 with 5 warning signs

No single metric tells the full story. See the MKL 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.
78GF Score

Get the complete analysis for MKL

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

$1,776.33
Price
$2,208.05
GF Value