Enact Holdings, Inc. (ACT) Financial Ratios
8 years of historical data (2018–2025) · Financial Services · Insurance - Specialty
EV/EBITDA
↑
6.75
↑+25% vs avg
5yr avg: 5.42
30Y Low4.4·High6.7
P/FCF
↑
8.24
+10% vs avg
5yr avg: 7.49
30Y Low6.9·High8.2
P/B Ratio
↑
1.18
+20% vs avg
5yr avg: 0.98
30Y Low0.8·High1.1
ROE
↓
13.0%
-11% vs avg
5yr avg: 14.7%
30Y Low10%·High19%
Debt/EBITDA
↓
0.82
↓-6% vs avg
5yr avg: 0.87
30Y Low0.1·High1.6
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ACT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Enact Holdings, Inc. trades at 9.4x earnings, 34% above its 5-year average of 7.0x, sitting at the 100th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a discount of 30%. On a free-cash-flow basis, the stock trades at 8.2x P/FCF, 10% above the 5-year average of 7.5x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.0B | $5.9B | $5.1B | $4.7B | $3.9B | $3.4B | — | — | — |
| Enterprise Value | $6.1B | $6.1B | $5.3B | $4.8B | $4.2B | $3.7B | — | — | — |
| P/E Ratio → | 9.36 | 8.77 | 7.41 | 7.03 | 5.60 | 6.15 | — | — | — |
| P/S Ratio | 4.86 | 4.81 | 4.24 | 4.05 | 3.60 | 3.01 | — | — | — |
| P/B Ratio | 1.18 | 1.11 | 1.02 | 1.01 | 0.96 | 0.82 | — | — | — |
| P/FCF | 8.24 | 8.17 | 7.43 | 7.40 | 6.94 | — | — | — | — |
| P/OCF | 8.24 | 8.17 | 7.43 | 7.40 | 7.03 | 5.88 | — | — | — |
P/E links to full P/E history page with 30-year chart
ACT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Enact Holdings, Inc.'s enterprise value stands at 6.8x EBITDA, 25% above its 5-year average of 5.4x. The Financial Services sector median is 11.4x, placing the stock at a 41% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.94 | 4.38 | 4.19 | 3.83 | 3.32 | — | — | — |
| EV / EBITDA | 6.75 | 6.69 | 5.66 | 5.35 | 4.42 | 4.98 | — | — | — |
| EV / EBIT | 7.14 | 6.69 | 5.66 | 5.35 | 4.42 | 4.98 | — | — | — |
| EV / FCF | — | 8.39 | 7.67 | 7.64 | 7.40 | — | — | — | — |
ACT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Enact Holdings, Inc. earns an operating margin of 69.8%, significantly above the Financial Services sector average of 21.4%. Operating margins have compressed from 73.8% to 69.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 13.0% is modest. ROIC of 12.1% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 91.1% | 91.1% | 78.2% | 78.3% | 86.7% | 66.8% | 44.3% | 73.4% | 100.0% |
| Operating Margin | 69.8% | 69.8% | 73.1% | 73.8% | 82.0% | 62.1% | 42.7% | 73.4% | 73.0% |
| Net Profit Margin | 54.8% | 54.8% | 57.2% | 57.7% | 64.3% | 48.8% | 33.5% | 69.2% | 57.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.0% | 13.0% | 14.3% | 15.2% | 17.2% | 13.7% | 9.6% | 19.1% | 14.8% |
| ROA | 10.0% | 10.0% | 10.8% | 11.1% | 12.1% | 9.4% | 7.2% | 15.7% | 11.8% |
| ROIC | 12.1% | 12.1% | 13.2% | 14.0% | 15.3% | 12.0% | 9.5% | 16.8% | 14.8% |
| ROCE | 13.0% | 13.0% | 14.1% | 14.7% | 16.0% | 12.6% | 9.9% | 18.3% | 16.7% |
ACT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Enact Holdings, Inc. carries a Debt/EBITDA ratio of 0.8x, which is very conservative (80% below the sector average of 4.1x). Net debt stands at $162M ($744M total debt minus $582M cash). Interest coverage of 18.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.14 | 0.14 | 0.15 | 0.17 | 0.19 | 0.19 | 0.20 | 0.01 | — |
| Debt / EBITDA | 0.82 | 0.82 | 0.82 | 0.85 | 0.81 | 1.04 | 1.58 | 0.07 | — |
| Net Debt / Equity | — | 0.03 | 0.03 | 0.03 | 0.06 | 0.09 | 0.08 | -0.14 | -0.05 |
| Net Debt / EBITDA | 0.18 | 0.18 | 0.17 | 0.17 | 0.27 | 0.47 | 0.66 | -0.75 | — |
| Debt / FCF | — | 0.22 | 0.23 | 0.24 | 0.45 | — | 0.46 | -1.66 | -0.31 |
| Interest Coverage | 18.19 | 18.19 | 18.16 | 17.42 | 18.37 | 14.63 | 26.89 | — | — |
ACT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Enact Holdings, Inc.'s current ratio of 6.86x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 4.31x to 6.86x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.86 | 6.86 | 5.50 | 4.31 | 2.69 | 1.90 | 1.39 | 1.63 | 0.47 |
| Quick Ratio | 6.86 | 6.86 | 5.50 | 4.31 | 2.69 | 1.90 | 1.39 | 1.63 | 0.47 |
| Cash Ratio | 6.36 | 6.36 | 5.06 | 4.02 | 2.49 | 1.73 | 1.26 | 1.53 | 0.38 |
| Asset Turnover | — | 0.18 | 0.18 | 0.19 | 0.19 | 0.19 | 0.19 | 0.21 | 0.21 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — |
ACT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Enact Holdings, Inc. returns 8.3% to shareholders annually — split between a 1.9% dividend yield and 6.4% buyback yield. The payout ratio of 17.9% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 10.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 2.0% | 2.2% | 4.6% | 6.4% | 5.9% | — | — | — |
| Payout Ratio | 17.9% | 17.9% | 16.2% | 32.0% | 35.6% | 36.6% | 118.1% | 36.9% | 10.3% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.7% | 11.4% | 13.5% | 14.2% | 17.9% | 16.3% | — | — | — |
| FCF Yield | 12.1% | 12.2% | 13.5% | 13.5% | 14.4% | — | — | — | — |
| Buyback Yield | 6.4% | 6.5% | 4.8% | 1.9% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 8.3% | 8.5% | 7.0% | 6.4% | 6.4% | 5.9% | — | — | — |
| Shares Outstanding | — | $149M | $158M | $162M | $163M | $163M | $163M | $163M | $163M |
Peer Comparison
Compare ACT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ACTYou | $6B | 9.4 | 6.8 | 8.2 | 91.1% | 69.8% | 13.0% | 12.1% | 0.8 |
 MTG | $6B | 8.4 | 6.2 | 6.5 | 94.9% | 76.5% | 14.3% | 12.7% | 0.7 |
 RDN | $5B | 9.1 | 8.4 | — | 95.1% | 59.8% | 13.4% | 9.0% | 2.8 |
 ESNT | $6B | 8.8 | 7.2 | 6.9 | 93.6% | 67.5% | 13.6% | 11.3% | 0.6 |
 NMIH | $3B | 7.7 | 6.1 | 7.0 | 91.8% | 70.8% | 16.2% | 13.5% | 0.8 |
 PFSI | $5B | 9.4 | 18.1 | — | 91.4% | 34.6% | 12.3% | 4.4% | 15.3 |
 FAF | $7B | 11.4 | 7.2 | 9.2 | 95.6% | 11.1% | 11.9% | 10.7% | 1.8 |
 FNF | $14B | 11.0 | 6.1 | 2.1 | 52.9% | 13.0% | 15.9% | 13.7% | 1.9 |
 STC | $2B | 17.0 | 11.7 | 15.8 | 87.7% | 5.7% | 7.5% | 6.2% | 3.9 |
 ITIC | $448M | 12.8 | 9.1 | 17.7 | 98.3% | 16.3% | 13.5% | 13.4% | 0.3 |
 UWMC | $724M | 28.5 | 0.1 | — | 85.6% | 58.0% | 1.1% | 15.4% | — |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonACT — Frequently Asked Questions
Quick answers to the most common questions about buying ACT stock.
What is Enact Holdings, Inc.'s P/E ratio?
Enact Holdings, Inc.'s current P/E ratio is 9.4x. The historical average is 7.0x. This places it at the 100th percentile of its historical range.
What is Enact Holdings, Inc.'s EV/EBITDA?
Enact Holdings, Inc.'s current EV/EBITDA is 6.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 5.4x.
What is Enact Holdings, Inc.'s ROE?
Enact Holdings, Inc.'s return on equity (ROE) is 13.0%. The historical average is 14.6%.
Is ACT stock overvalued?
Based on historical data, Enact Holdings, Inc. is trading at a P/E of 9.4x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Enact Holdings, Inc.'s dividend yield?
Enact Holdings, Inc.'s current dividend yield is 1.91% with a payout ratio of 17.9%.
What are Enact Holdings, Inc.'s profit margins?
Enact Holdings, Inc. has 91.1% gross margin and 69.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Enact Holdings, Inc. have?
Enact Holdings, Inc.'s Debt/EBITDA ratio is 0.8x, indicating low leverage. A ratio below 2x is generally considered financially healthy.