Chubb Ltd
$375.74
+3.98 (+1.07%) · delayed · Nov 13, 2026
Five-year price
52w $291.03 to $384.26
- Market cap
- $143.6B
- Enterprise value
- $158.3B
- P/E
- 14.6×
- 16.1× on 3y avg EPS
- EV / EBIT
- —
- FCF yield
- 8.9%
- ROIC
- —
- Debt / equity
- 0.23
- Piotroski F
- 6/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
75
- –ROIC > 12% (5y avg)5y avg ROIC n/a
- ○ROE > 15% (5y avg)5y avg ROE 13.7%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- ●Earnings convert to cashFCF / net income 157% (5y avg)
- ●Growing revenueRevenue CAGR 5y 10.5%
- ●Shrinking share countDiluted shares -11.5% over 5y
Value
75
- ●P/E below 15P/E 14.6
- –EV/EBIT below 12EV/EBIT n/a
- ●FCF yield above 6%FCF yield 8.9%
- ○Price below Graham NumberGraham Number $333.97
- ●P/B below 3P/B 1.9
Safety
100
- ●Debt / equity below 0.5D/E 0.23
- ●Debt payable in < 4 yrs of earningsNet debt $14.8B
- –Interest coverage > 8xCoverage n/ax
- –Current ratio > 1.5Current ratio n/a
- ●Piotroski F-score ≥ 6F-score 6/9
Graham Defensive
67
- ●Adequate size (revenue > $2B)Revenue $59.4B
- –Strong condition (current ratio ≥ 2)Current ratio n/a
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ●Earnings growth ≥ 33% (10y, 3y avgs)EPS growth 175%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 16.1
- ○P/E × P/B ≤ 22.5Product 31.3
Valuation lab
What do you have to believe?
At $375.74, the market is pricing in about −0.8% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $14.8B · 382M shares · 5y revenue CAGR 10.5%
Intrinsic value
$967.01
Price
$375.74
Margin of safety
61%
What the price implies
The market is paying for −0.8% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
63% of the value sits beyond year 10.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 31,469 | 32,243 | 32,717 | 34,186 | 35,994 | 40,869 | 43,097 | 49,735 | 55,753 | 59,402 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | — | — | — | — | — | — | — | — | — | — |
| Operating margin | — | — | — | — | — | — | — | — | — | — |
| Pre-tax income | 4,950 | 3,722 | 4,657 | 5,249 | 4,162 | 9,794 | 6,485 | 9,526 | 11,455 | 13,044 |
| Income tax | 815 | (139) | 695 | 795 | 629 | 1,269 | 1,239 | 511 | 1,815 | 2,422 |
| Net income | 4,135 | 3,861 | 3,962 | 4,454 | 3,533 | 8,525 | 5,246 | 9,028 | 9,272 | 10,310 |
| EPS (diluted) | 8.87 | 8.19 | 8.49 | 9.71 | 7.79 | 19.24 | 12.39 | 21.80 | 22.70 | 25.68 |
| Diluted shares | 466 | 471 | 467 | 459 | 453 | 443 | 424 | 414 | 408 | 402 |
Who owns it