Checking Markel Corp’s long term growth record

Disclosure: I own shares in Markel Corporation (MKL).

Published August 8, 2014. Latest update August 9, 2014.

Source: Annual Reports and 10-Q forms.

1) Book value per share, share price, and portfolio-per-share
Markel book value and portfolio per share

2) Share price multiplication over various periods
Markel chart share price multiples -various periods

3) Return on share price over various periods
Markel chart return on share price -various periods

4) Growth in book value per share over various periods
Markel book value CAGR -various periods

The chart above is rescaled below, so it’s easier to compare it to a similar chart for Fairfax Financial Holdings which follows it.

Markel book value CAGR -various periods -rescaled

Fairfax book value CAGR -various recent periods

The chart above is for Fairfax Financial Holdings, for comparison, although Fairfax pay dividends which I have not included.

6) Growth in book value per share over long periods
Markel book value CAGR over very long periods

7) Logarithmic charts of share price, book value per share, and portfolio per share
Markel log10 book value and portfolio per share

Markel - Log walk chart - share price against book value.

The axis labels “0 1 2 3” represent $1 $10 $100 $1,000.

8) Spreadsheets for book value, with enough formulas to see the patterns.
Markel spread CAGR on book value -various periods

Markel spread CAGR on book value -very long periods

Some of these charts can be compared to charts in “Checking Fairfax Financial Holdings’ long term growth record“, July 11, 2014 (but find “Fairfax pay dividends” above). There’s also some comment and info about trend lines and R-squared, under “Trend line formulas”.

See also my Markel Corp. – Highlights from history, quoting letters “To our business partners” August 07, 2014.

DISCLAIMER: Your investment is your responsibility. It is your responsibility to check all material facts before making an investment decision. All investments involve different degrees of risk. You should be aware of your risk tolerance level and financial situations at all times. Furthermore, you should read all transaction confirmations, monthly, and year-end statements. Read any and all prospectuses carefully before making any investment decisions. You are free at all times to accept or reject all investment recommendations made by the author of this blog. All Advice on this blog is subject to market risk and may result in the entire loss of the reader’s investment. Please understand that any losses are attributed to market forces beyond the control or prediction of the author. As you know, a recommendation, which you are free to accept or reject, is not a guarantee for the successful performance of an investment.

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