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Definitive Analysis

Financial Statements

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Ticker

Industry

Sector

Page: Earnings Power Value

The Hanover Insurance Group, Inc.

Ticker: THG | Industry: Insurance - Property & Casualty | Sector: Financial Services
$169.49 -1.70 (-0.99%)
As of: 2026-01-23

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Valuation Snapshot

Intrinsic Range$149.61 — $205.99
Selected Value (Mid)$177.80
Live Price$183.76
Upside / Downside-3.24%

EPV Per Share Breakdown

MetricLowMidHigh
EPV Per Share$149.61$177.80$205.99

Normalized EBIT Margin

ScenarioMargin
Low10.46%
Mid12.30%
High14.15%

Normalized Tax Rate

MetricValue
Tax Rate20.88%

Adjusted Earnings (NOPAT)

ScenarioValue
Low536,350,000
Mid631,000,000
High725,650,000

Capital Structure

ComponentValue
Net Debt364,100,000
Shares Outstanding35,900,000
WACC9.35%

Reverse EPV (Market Implied)

If "Implied" > "Actual", market expects profitability to improve.

MetricActual (LTM)Market Implied
EBIT Margin12.30%11.79%
NOPAT (Earnings)631,000,000604,950,780
Enterprise Value6,747,071,5776,468,536,000

Valuation Details

MetricLowMidHigh
Enterprise Value5,735,010,8406,747,071,5777,759,132,313
(-) Net Debt364,100,000364,100,000364,100,000
(=) Equity Value5,370,910,8406,382,971,5777,395,032,313
(/) Shares Outstanding35,900,00035,900,00035,900,000
(=) Fair Value$149.61$177.80$205.99
Live Price$183.76$183.76$183.76
Upside %-18.59%-3.24%12.10%

High-Upside EPV Screener

US Market Global Market
« 4 »
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