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Friday 6 November 2026 Export ACGL’s income statement to Excel — free account

Arch Capital Group Ltd.

ACGL Financial Insurance Diversified

Arch Capital Group Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $19.9 billion, up 14.3% from fiscal 2024.

Revenue
−8.89%
EPS
−15.1%
Free cash flow
−19.6%
Total debt
+50.5%

Quarter to September 2026, against a year earlier

107.65 2.92 −2.64%
Market cap
$37.7B
P/E
8.8×
Fwd P/E
9.2×
Dividend yield
0.00%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Arch Capital Group Ltd. (ACGL) valuation and DCF model

What the price implies · reverse DCF

At $107.65 the price implies more than 60% a year of growth for ten years.

The dividend a share grew −9.1% a year over the last ten years, 9.1% over the last five. Return on equity averaged 15.1% over ten years; the price implies 12.7% for good.

In December 2017 the price assumed 55.8% a year; Arch Capital Group Ltd. went on to grow the dividend a share 25.0% a year to FY2025.

Last 5 years, reported
9.1%
Last 10 years, reported
−9.1%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
Its base case
−9.1% a year for five years, then −5.5%
$0.10
99.9% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Arch Capital Group Ltd.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Arch Capital Group Ltd.’s own cost of capital: risk-free 4.3% + beta 0.22 × equity premium 4.5% = 5.3% cost of equity; weighted, 5.3%.

Use 5.3%
Base case value per share $0.10 ten years discounted, and what follows
Current price $107.65 market price per share
Below today’s price 99.9% downside at the base case’s assumptions

How we got there$0.06 10 years of dividends+$0.04 terminal value=$0.10 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Insurance Diversified).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 8.83× 9.50× 11.37× 22% below 11.57× 24% below
P/FCF 6.58× 5.71× 6.55× 0% above 6.58× 0% above
P/B 1.67× 1.68× 1.49× 12% above 1.64× 2% above
EV/EBITDA — 9.30× 10.52× — 3.38× —
EV/Sales — 2.17× 2.35× — 3.90× —
P/E P/FCF P/B EV/EBITDA EV/Sales
1.14×1.39×1.63×1.88×10Y avg 1.49×2017201820192020202120222023202420252026

ACGL trades at 1.67× P/B, against a 10-year average of 1.49× (range 1.11×–1.91×). That is dearer than 78% of the last 9 year-end readings; re-rating to the average implies $95.94 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.