Fairfax 2026

[yesman182]

9 hours ago, djokovic1 said:

This was the presentation that I used last week that has my thoughts on valuation, book value, ROE amongst other stuff. I find ROE and P/E most useful (especially as Fairfax earnings power has become much more stable).

 

Book value is an additional data point and quick way to compare insurers. However an insurer trading at 1x book earning 8% ROE is much more expensive than an insurer trading at 1x book earning 20% ROE. Which will be captured in the PE multiple (i.e the second business will be trading at a much lower PE).



 

Fairfax_Pitch_final_P&R_VIS.pdf 3.48 MB · 80 downloads

Is the valuation framework you laid out on page 14 the framework Markel laid out in last years annual report? 
 

i hope your investors do well!