THG
Hanover Insurance Group
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NYSE: THG
- PE Ratio
As of Jun 23, 2026, the THG stock has a PE ratio of 10.26. The calculation is based on the latest EPS of $20.23 and the stock price of $207.64 per share. An increase of 3.2% has been observed in the PE ratio compared to its average of 9.9 of the last four quarters.
THG PE ratio history
The mean historical PE ratio of Hanover Insurance Group over the last ten years is 19.34. The current 10.26 P/E ratio is 47% lower than the historical average. Looking back at the last ten years, THG's PE ratio peaked in the Dec 2023 quarter at 122.65, with a price of $121.42 and an EPS of $0.99. The Mar 2026 quarter marked the lowest point at 8.57, with a price of $173.35 and an EPS of $20.23.
Hanover Insurance Group PE ratio by year
Maximum annual increase: 272.42% in 2022
Maximum annual decrease: -89.36% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 9.88 | -24.29% | $182.77 | $18.5 |
| 2024 | 13.05 | -89.36% | $154.66 | $11.85 |
| 2023 | 122.65 | 195.9% | $121.42 | $0.99 |
| 2022 | 41.45 | 272.42% | $135.13 | $3.26 |
| 2021 | 11.13 | -9.36% | $131.06 | $11.78 |
| 2020 | 12.28 | -4.58% | $116.92 | $9.52 |
| 2019 | 12.87 | 1.5% | $136.67 | $10.62 |
| 2018 | 12.68 | -48.62% | $116.77 | $9.21 |
| 2017 | 24.68 | -1.56% | $108.08 | $4.38 |
| 2016 | 25.07 | 132.78% | $91.01 | $3.63 |
| 2015 | 10.77 | -3.23% | $81.34 | $7.55 |
| 2014 | 11.13 | 6.2% | $71.32 | $6.41 |
| 2013 | 10.48 | -66.18% | $59.71 | $5.7 |
| 2012 | 30.99 | -28.18% | $38.74 | $1.25 |
| 2011 | 43.15 | 206.68% | $34.95 | $0.81 |
Hanover Insurance Group PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 8.57 | -13.26% | $173.35 | $20.23 |
| Dec 2025 | 9.88 | -4.36% | $182.77 | $18.5 |
| Sep 2025 | 10.33 | -6.09% | $181.63 | $17.59 |
| Jun 2025 | 11 | -22.86% | $169.87 | $15.44 |
| Mar 2025 | 14.26 | 9.27% | $173.95 | $12.2 |
| Dec 2024 | 13.05 | -10.06% | $154.66 | $11.85 |
| Sep 2024 | 14.51 | -11.95% | $148.11 | $10.21 |
| Jun 2024 | 16.48 | -45.05% | $125.44 | $7.61 |
| Mar 2024 | 29.99 | -75.55% | $136.17 | $4.54 |
| Dec 2023 | 122.65 | N/A | $121.42 | $0.99 |
| Sep 2023 | N/A | N/A | $110.98 | -$2.38 |
| Jun 2023 | N/A | N/A | $113.03 | -$2.61 |
| Mar 2023 | N/A | N/A | $128.5 | -$0.03 |
| Dec 2022 | 41.45 | 168.11% | $135.13 | $3.26 |
| Sep 2022 | 15.46 | -2.46% | $128.14 | $8.29 |
THG Price vs fair value
THG average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
THG's current PE ratio is lower than its 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 10.26, THG ranks lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 12.95, Hanover Insurance Group's price to earnings (P/E) is 21% lower.
THG PE vs peers
THG's PE ratio stands lower than its peer stocks WRB and MKL. Hanover Insurance Group's current PE ratio of 10.26 is lower than the average of its peers, which is 13.51.
| Stock name | PE ratio | Market cap |
|---|---|---|
| THG Hanover Insurance Group Inc | 10.26 | $7.26B |
| SIGI Selective Insurance Group Inc | 12.83 | $5.65B |
| AFG American Financial Group Inc | 13.03 | $11.39B |
| MKL Markel Corp | 13.61 | $23.7B |
| WRB Berkley W R Corp | 14.55 | $25.67B |
| HCC Warrior Met Coal Inc | 32.99 | $4.55B |
| TEAD Teads Holding Co. | N/A | $113M |
Frequently asked questions
What is Hanover Insurance Group's PE ratio?
THG's price to earnings ratio is 10.26 as of Jun 23, 2026.
What is the 3-year average PE ratio for Hanover Insurance Group (THG)?
Over the last 3 years, the average price to earnings ratio for THG stock is 25.07.
What is the 5-year average PE ratio for Hanover Insurance Group (THG)?
Over the last 5 years, the average price to earnings ratio for THG stock is 21.65.
What is the highest PE ratio for THG?
Over the last ten years, the Dec 2023 quarter recorded the highest quarterly PE ratio at 122.65.
How does the current PE ratio for THG compare to its historical average?
THG's current price to earnings ratio is 47% below its 10-year historical average.
How is THG's PE ratio calculated (Hanover Insurance Group PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 23, 2026), Hanover Insurance Group's share price is $207.64. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $20.23. Therefore, Hanover Insurance Group's PE ratio for today is 10.26. PE RATIO(10.26) = STOCK PRICE($207.64) / TTM EPS($20.23)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.