How to value QBE and WTC shares

The QBE Insurance Group Ltd (ASX:QBE) share price has risen 12.3% since the start of 2025. It's probably worth asking, 'is the QBE share price top value?'

The QBE Insurance Group Ltd (ASX:QBE) share price has risen 12.3% since the start of 2025. The WiseTech Global Ltd (ASX:WTC) share price is about 9.0% above its 52-week low.

QBE share price in focus

QBE started out as a marine insurance company in Townsville in the late 1800’s and today is one of the country’s largest insurers.

The insurance group operates in 27 countries and offers insurance products across commercial, consumer, reinsurance, and agriculture sectors.

While QBE began as an Australian company, only around 30% of the revenue is now generated in Australia, with another 30% from the US and the remaining revenue predominantly coming from Europe.

WTC shares

Founded in 1994 by Richard White and Maree Isaacs, Wisetech Global is a developer of cloud-based software used for international and domestic logistics industries.

Wisetech’s vast suite of software products is used across various logistics functions including forwarding & customs, landside transport, rates & contracts, warehousing, and transport management systems.

Their cornerstone software is called Cargowise. It’s become an industry-leading solution now used by all 25 of the largest global freight forwarders and 46 of the top 50 third-party logistics providers.

QBE & WTC share price valuation

One way to have a ‘fast read’ of where the QBE share price is could be to study something like dividend yield over time. This can give us a sense of the stability of the company and whether they can consistently pay out a percentage of profits.

Remember, the dividend yield is basically the ‘cash flow’ to a shareholder, but it can fluctuate year-to-year or between payments. Currently, QBE Insurance Group Ltd shares have a dividend yield of around 3.99%, compared to its 5-year average of 2.84%. In other words, QBE shares are trading higher than their historical average dividend yield. Be careful how you interpret this information though – it could mean that dividends are growing, or it could mean the share price is falling, or both. In the case of QBE, the annual report shows last year’s dividend was greater than the 3-year average, so the dividend has been growing.

Since WTC is more of a ‘growth’ company than an established blue chip, a price-sales ratio might be a more appropriate assessment. This ratio gives us an idea of how the company has historically been valued relative to its earnings, which can indicate if the company is over or undervalued today. The WTC share price currently trades at a price-sales ratio of 29.07x, which compares to its 5-year long-term average of 31.86x. So, WTC shares are trading lower than their historical average. Don’t forget, a simple multiple like this should only be the start of your research. The Rask websites offer free online investing courses, created by analysts explaining things like Discounted Cash Flow (DCF) and Dividend Discount Models (DDM). They even include free valuation spreadsheets! It’s a good idea to use multiple valuation methods to value a share like WiseTech Global Ltd.

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At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

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