W. R. Berkley Corp
$56.61B- Market cap
- $25.67B
- Debt
- +$33.48B
- Cash
- −$2.54B
Capital structure 43% equity / 57% debt · EV / Revenue 3.85x · EV / EBITDA 21.92x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 ·
Decision snapshot: WRB stock price at discount vs EXTR $69.14 current versus $311.50 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 EXTR's multiple
Implied fair value · at WRB's multiple
Snapshot Sep 4, 4:00 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) · EXTR FY 2026 (ended Jun 30, 2026). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 43% equity / 57% debt · EV / Revenue 3.85x · EV / EBITDA 21.92x
Capital structure 94% equity / 6% debt · EV / Revenue 2.18x · EV / EBITDA 29.09x
WRB carries the larger enterprise value at $56.61B against $2.80B; EXTR trades on the lower EV / Revenue multiple (2.18x vs 3.85x); WRB on the lower EV / EBITDA (21.92x vs 29.09x).
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.
EXTREME NETWORKS, 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.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
3.45x
2.08x
Net debt / EBITDA
Leverage against operating earnings
11.98x
-0.28x
Cash and equivalents
Liquid reserves on the balance sheet
$2.54B
$211.76M
Total debt
Interest-bearing obligations outstanding
$33.48B
$184.34M
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.
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