W. R. Berkley Corp
$57.12B- Market cap
- $26.18B
- Debt
- +$33.48B
- Cash
- −$2.54B
Capital structure 44% equity / 56% debt · EV / Revenue 3.88x · EV / EBITDA 22.12x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 ·
Decision snapshot: WRB stock price at discount vs ENPH $70.52 current versus $133.02 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ENPH's multiple
Implied fair value · at WRB's multiple
Snapshot Sep 8, 2026, 12:11 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Multiple premium
Value edge
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: WRB FY 2025 (ended Dec 31, 2025) · ENPH FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 44% equity / 56% debt · EV / Revenue 3.88x · EV / EBITDA 22.12x
Capital structure 73% equity / 27% debt · EV / Revenue 3.67x · EV / EBITDA 19.45x
WRB carries the larger enterprise value at $57.12B against $5.41B; ENPH trades on the lower EV / Revenue multiple (3.67x vs 3.88x); ENPH on the lower EV / EBITDA (19.45x vs 22.12x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
W. R. BERKLEY CORP · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Enphase Energy, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
3.45x
1.69x
Net debt / EBITDA
Leverage against operating earnings
11.98x
1.16x
Cash and equivalents
Liquid reserves on the balance sheet
$2.54B
$1.51B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$33.48B
$1.84B
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
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