Tokio Marine Holdings (MEX:8766N) EV-to-EBITDA: 9.77 (As of Aug. 09, 2026) — 17% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

MEX:8766N Tokio Marine Holdings Inc MEX:8766N
47 GF Score
Price MXN806.49
GF Value MXN642.78
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Tokio Marine Holdings EV-to-EBITDA?

Tokio Marine Holdings MEX:8766N 47 EV-to-EBITDA is 9.77 as of Aug. 09, 2026, which is 17% above its 10-year median of 8.33. GuruFocus rates MEX:8766N with a GF Score™ of 47/100 and a GF Value™ of MXN642.78 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 349 Insurance companies, Tokio Marine Holdings ranks worse than 67.05% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Tokio Marine Holdings's enterprise value is MXN1,474,660 Mil. Tokio Marine Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was MXN150,893 Mil. Therefore, Tokio Marine Holdings's EV-to-EBITDA for today is 9.77.

The historical rank and industry rank for Tokio Marine Holdings's EV-to-EBITDA or its related term are showing as below:

MEX:8766N' s EV-to-EBITDA Range Over the Past 10 Years
Min: 4.53   Med: 8.33   Max: 15.54
Current: 11.22

During the past 13 years, the highest EV-to-EBITDA of Tokio Marine Holdings was 15.54. The lowest was 4.53. And the median was 8.33.

MEX:8766N's EV-to-EBITDA is ranked worse than
67.05% of 349 companies
in the Insurance industry
Industry Median: 8.23 vs MEX:8766N: 11.22

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-09), Tokio Marine Holdings's stock price is MXN806.49. Tokio Marine Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN37.986. Therefore, Tokio Marine Holdings's PE Ratio (TTM) for today is 21.23.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Tokio Marine Holdings  (MEX:8766N) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Tokio Marine Holdings's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=806.49/37.986
=21.23

Tokio Marine Holdings's share price for today is MXN806.49.
Tokio Marine Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN37.986.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Tokio Marine Holdings EV-to-EBITDA Related Terms


Tokio Marine Holdings EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tokio Marine Holdings's EV-to-EBITDA 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.

Tokio Marine Holdings EV-to-EBITDA Chart

Tokio Marine Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.87 6.11 8.10 5.99 0.00

Tokio Marine Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA 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 5.99 6.11 7.85 7.12 0.00

MEX:8766N vs CB, PGR, TRV: EV-to-EBITDA Comparison

For the Insurance - Property & Casualty subindustry, Tokio Marine Holdings's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.


Tokio Marine Holdings EV-to-EBITDA vs Insurance Industry

For the Insurance industry and Financial Services sector, Tokio Marine Holdings's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tokio Marine Holdings's EV-to-EBITDA falls into.


MEX:8766N
47GF Score
Tokio Marine Holdings Inc MEX:8766N
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokio Marine Holdings EV-to-EBITDA Calculation

Tokio Marine Holdings's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=1474659.559/150893.367
=9.77

Tokio Marine Holdings's current Enterprise Value is MXN1,474,660 Mil.
Tokio Marine Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN150,893 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 9.77 mean?
Tokio Marine Holdings (MEX:8766N) has a EV-to-EBITDA of 9.77 as of Aug. 09, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Tokio Marine Holdings. This is 17% above median its historical median of 8.33. Over the past decade, Tokio Marine Holdings' EV-to-EBITDA has ranged from 4.53 to 15.54. According to the industry distribution chart, Tokio Marine Holdings ranks #234 out of 349 companies in the Insurance industry, placing it in the top 67%.
Is Tokio Marine Holdings' EV-to-EBITDA too high?
Tokio Marine Holdings' current EV-to-EBITDA of 9.77 is 17% above median its 10-year median of 8.33. Over the past 10 years, this metric has ranged from a low of 4.53 to a high of 15.54. The Insurance industry median EV-to-EBITDA is 8.23. Tokio Marine Holdings' value of 9.77 is 18.7% above this industry median. Based on the distribution chart, Tokio Marine Holdings ranks #234 out of 349 companies in the Insurance industry, which is below the industry midpoint. Overall, Tokio Marine Holdings has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokio Marine Holdings' EV-to-EBITDA compare to CB and PGR?
According to the Insurance industry distribution chart, Tokio Marine Holdings ranks #234 out of 349 companies for EV-to-EBITDA. This places Tokio Marine Holdings in the lower half of its industry. The industry median EV-to-EBITDA is 8.23. Tokio Marine Holdings' value of 9.77 is 18.7% above this benchmark. Historically, Tokio Marine Holdings' own EV-to-EBITDA has ranged from 4.53 to 15.54 over the past decade. While the company's 10-year median is 8.33 vs. the industry median of 8.23, Tokio Marine Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for an Insurance company?
The median EV-to-EBITDA among Insurance companies is 8.23, based on 349 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tokio Marine Holdings's current EV-to-EBITDA of 9.77 is 18.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Tokio Marine Holdings. For the Insurance industry, the median EV-to-EBITDA is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokio Marine Holdings's current EV-to-EBITDA is 9.77, which is 17% above median its own 10-year median of 8.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokio Marine Holdings stock overvalued right now?
Based on GuruFocus' analysis, Tokio Marine Holdings (MEX:8766N) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN642.78, compared to a current price of MXN806.49 — trading 25.5% above its estimated fair value. The current EV-to-EBITDA is 9.77, which is 17% above median its 10-year median of 8.33 and 18.7% above the Insurance industry median of 8.23. Tokio Marine Holdings' overall GF Score™ is 47/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Tokio Marine Holdings (MEX:8766N), the current EV-to-EBITDA is 9.77 as of Aug. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tokio Marine Holdings (MEX:8766N) Overvalued in 2026?

Based on GuruFocus' analysis, Tokio Marine Holdings stock appears to be overvalued. The current stock price of MXN806.49 is trading 25.5% above its estimated GF Value™ of MXN642.78. GuruFocus considers Tokio Marine Holdings to be Modestly Overvalued.

Key valuation signals for MEX:8766N:

  • EV-to-EBITDA: 9.77 (17% above median its 10-year median of 8.33)
  • GF Value™: MXN642.78 vs. price of MXN806.49 (25.5% above fair value)
  • GF Score™: 47/100 with 5 warning signs
  • Industry Position: 18.7% above the Insurance median (#234 of 349)

No single metric tells the full story. See the MEX:8766N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokio Marine Holdings Business Description

Address 2-6-4 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004
Dating back to 1879, Tokio Marine is the oldest insurance company in Japan and operated as its top property and casualty insurer for decades. Following industry consolidation, it now shares domestic dominance with MS and AD and Sompo. However, Tokio Marine remains by far the most valuable listed Japanese insurer by market capitalization. This premium valuation is driven by an aggressive unwinding of domestic cross-shareholdings and a highly profitable overseas portfolio. The majority of its international business is based in the United States, where it has acquired premium specialty insurers since 2008, including Philadelphia Consolidated, Delphi Financial, Tokio Marine HCC, and Privilege Underwriters Reciprocal Exchange, recently fortified by a capital alliance with Berkshire Hathaway.
47GF Score

Get the complete analysis for MEX:8766N

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN806.49
Price
MXN642.78
GF Value