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The Hanover Insurance GroupTHG -1.02%80 EV-to-EBITDA is 8.37 as of Jul. 22, 2026, which is 28% below its 10-year median of 11.66. GuruFocus rates THG with a GF Score™ of 80/100 and a GF Value™ of $202.84 (Fairly Valued). The stock has 8 warning signs investors should review. Among 347 Insurance companies, The Hanover Insurance Group ranks worse than 52.74% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, The Hanover Insurance Group's enterprise value is $8,048 Mil.
The Hanover Insurance Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $961 Mil. Therefore, The Hanover Insurance Group's EV-to-EBITDA for today is 8.37.
The historical rank and industry rank for The Hanover Insurance Group's EV-to-EBITDA or its related term are showing as below:
THG'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -62.42 Med: 11.66 Max: 122.44
Current: 8.37
During the past 13 years, the highest EV-to-EBITDA of The Hanover Insurance Group was 122.44. The lowest was -62.42. And the median was 11.66.
THG's EV-to-EBITDA is ranked worse than 52.74% of 347
companies
in the Insurance industry
Industry Median: 8.32
vs THG: 8.37
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.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
The Hanover Insurance Group (NYSE:THG) 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.
The Hanover Insurance Group's PE Ratio (TTM) for today is calculated as:
The Hanover Insurance Group's share price for today is $212.87.
The Hanover Insurance Group'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 $19.870.
* 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).
* 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.
For the Insurance - Property & Casualty subindustry, The Hanover Insurance Group'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.
The Hanover Insurance Group EV-to-EBITDA vs Insurance Industry
For the Insurance industry and Financial Services sector, The Hanover Insurance Group's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where The Hanover Insurance Group's EV-to-EBITDA falls into.
The Hanover Insurance Group's current Enterprise Value is $8,048 Mil.
The Hanover Insurance Group'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 $961 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.
The Hanover Insurance Group (THG) has a EV-to-EBITDA of 8.37 as of Jul. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on The Hanover Insurance Group. This is 28% below median its historical median of 11.66. According to the industry distribution chart, The Hanover Insurance Group ranks #183 out of 347 companies in the Insurance industry, placing it in the top 52.7%.
Is The Hanover Insurance Group's EV-to-EBITDA too high?
The Hanover Insurance Group's current EV-to-EBITDA of 8.37 is 28% below median its 10-year median of 11.66. The Insurance industry median EV-to-EBITDA is 8.32. The Hanover Insurance Group's value of 8.37 is 0.6% above this industry median. Based on the distribution chart, The Hanover Insurance Group ranks #183 out of 347 companies in the Insurance industry, which is below the industry midpoint. Overall, The Hanover Insurance Group has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Hanover Insurance Group's EV-to-EBITDA compare to KNSL and MCY?
According to the Insurance industry distribution chart, The Hanover Insurance Group ranks #183 out of 347 companies for EV-to-EBITDA. This places The Hanover Insurance Group in the lower half of its industry. The industry median EV-to-EBITDA is 8.32. The Hanover Insurance Group's value of 8.37 is 0.6% above this benchmark. While the company's 10-year median is 11.66 vs. the industry median of 8.32, The Hanover Insurance Group 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 8.32, based on 347 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. The Hanover Insurance Group's current EV-to-EBITDA of 8.37 is 0.6% 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 The Hanover Insurance Group. For the Insurance industry, the median EV-to-EBITDA is 8.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Hanover Insurance Group's current EV-to-EBITDA is 8.37, which is 28% below median its own 10-year median of 11.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Hanover Insurance Group stock overvalued right now?
Based on GuruFocus' analysis, The Hanover Insurance Group (THG) is currently considered Fairly Valued. The stock's GF Value™ is $202.84, compared to a current price of $212.87 — trading 4.9% above its estimated fair value. The current EV-to-EBITDA is 8.37, which is 28% below median its 10-year median of 11.66 and 0.6% above the Insurance industry median of 8.32. The Hanover Insurance Group's overall GF Score™ is 80/100 with 8 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 The Hanover Insurance Group (THG), the current EV-to-EBITDA is 8.37 as of Jul. 22, 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 The Hanover Insurance Group (THG) Overvalued in 2026?
Based on GuruFocus' analysis, The Hanover Insurance Group stock appears to be overvalued.
The current stock price of $212.87 is trading 4.9% above its estimated GF Value™ of $202.84.
GuruFocus considers The Hanover Insurance Group to be Fairly Valued.
Key valuation signals for THG:
EV-to-EBITDA: 8.37 (28% below median its 10-year median of 11.66)
GF Value™: $202.84 vs. price of $212.87 (4.9% above fair value)
Industry Position: 0.6% above the Insurance median (#183 of 347)
No single metric tells the full story. See the THG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business through Hanover Insurance, Citizens and other THG subsidiaries. The company conducts business operations through four operating segments: Core Commercial, Specialty, Personal Lines, and Other. The company operates an investment portfolio that is exposed to fixed-income securities.
80GF Score
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