Assured Guaranty Ltd. (AGO) Financial Ratios
22 years of historical data (2003–2024) · Financial Services · Insurance - Specialty
EV/EBITDA
↑
9.34
↓-44% vs avg
5yr avg: 16.71
30Y Low2.9·High47.4
P/FCF
↑
81.50
↑+43% vs avg
5yr avg: 56.83
30Y Low2.4·High104.0
P/B Ratio
↑
0.80
+18% vs avg
5yr avg: 0.68
30Y Low0.4·High1.2
ROE
↑
6.6%
-1% vs avg
5yr avg: 6.7%
30Y Low-18%·High20%
Debt/EBITDA
↑
2.93
↓-64% vs avg
5yr avg: 8.22
30Y Low0.3·High30.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AGO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Assured Guaranty Ltd. trades at 11.9x earnings, 13% below its 5-year average of 13.7x, sitting at the 65th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a discount of 11%. On a free-cash-flow basis, the stock trades at 81.5x P/FCF, 43% above the 5-year average of 56.8x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.8B | $4.9B | $4.5B | $4.0B | $3.7B | $2.7B | $4.9B | $4.3B | $4.1B | $5.1B | $3.9B |
| Enterprise Value | $5.4B | $6.5B | $6.1B | $10.9B | $5.3B | $3.8B | $6.0B | $5.4B | $5.3B | $6.3B | $5.1B |
| P/E Ratio → | 11.94 | 13.10 | 6.08 | 32.43 | 9.58 | 7.52 | 12.26 | 8.18 | 5.68 | 5.76 | 3.73 |
| P/S Ratio | 4.71 | 6.00 | 4.39 | 5.82 | 5.34 | 2.50 | 5.32 | 4.32 | 2.51 | 3.67 | 2.01 |
| P/B Ratio | 0.80 | 0.88 | 0.77 | 0.75 | 0.57 | 0.40 | 0.74 | 0.65 | 0.61 | 0.78 | 0.65 |
| P/FCF | 81.50 | 103.99 | 9.67 | — | — | — | — | 9.22 | 9.57 | — | — |
| P/OCF | 81.50 | 103.99 | 9.67 | — | — | — | — | 9.22 | 9.57 | — | — |
P/E links to full P/E history page with 30-year chart
AGO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Assured Guaranty Ltd.'s enterprise value stands at 9.3x EBITDA, 44% below its 5-year average of 16.7x. The Financial Services sector median is 11.4x, placing the stock at a 18% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.94 | 5.97 | 15.88 | 7.57 | 3.48 | 6.47 | 5.46 | 3.20 | 4.53 | 2.59 |
| EV / EBITDA | 9.34 | 11.17 | 7.99 | 47.43 | 9.37 | 7.58 | 10.81 | 8.00 | 4.86 | 5.59 | 3.31 |
| EV / EBIT | 11.08 | 11.17 | 7.99 | 47.43 | 9.37 | 7.58 | 10.81 | 8.00 | 4.86 | 5.59 | 3.31 |
| EV / FCF | — | 137.56 | 13.14 | — | — | — | — | 11.67 | 12.22 | — | — |
AGO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Assured Guaranty Ltd. earns an operating margin of 60.0%, significantly above the Financial Services sector average of 21.2%. Operating margins have expanded from 21.6% to 60.0% over the past 3 years, signaling improving operational efficiency. ROE of 6.6% is modest, trailing the sector median of 9.4%. ROIC of 5.1% represents adequate 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.7% | 100.7% | 82.8% | 95.6% | 129.5% | 79.8% | 88.0% | 91.9% | 75.3% | 77.3% | 77.3% |
| Operating Margin | 60.0% | 60.0% | 65.8% | 21.6% | 68.3% | 38.1% | 50.2% | 58.8% | 60.0% | 73.7% | 73.2% |
| Net Profit Margin | 46.2% | 46.2% | 72.8% | 18.1% | 55.7% | 33.4% | 43.5% | 52.8% | 44.2% | 63.8% | 54.0% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.6% | 6.6% | 13.4% | 2.1% | 5.9% | 5.4% | 6.1% | 7.8% | 10.9% | 14.0% | 17.9% |
| ROA | 3.1% | 3.1% | 5.0% | 0.7% | 2.3% | 2.4% | 2.9% | 3.7% | 5.1% | 6.1% | 7.2% |
| ROIC | 5.1% | 5.1% | 5.1% | 1.1% | 4.5% | 4.0% | 4.5% | 5.6% | 9.5% | 10.2% | 15.1% |
| ROCE | 5.9% | 5.9% | 4.5% | 0.9% | 3.0% | 2.8% | 3.6% | 4.3% | 7.0% | 7.1% | 9.7% |
AGO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Assured Guaranty Ltd. carries a Debt/EBITDA ratio of 2.9x, which is moderately leveraged (29% below the sector average of 4.1x). Net debt stands at $1.6B ($1.7B total debt minus $121M cash). Interest coverage of 5.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.31 | 0.31 | 0.29 | 1.32 | 0.26 | 0.18 | 0.19 | 0.19 | 0.19 | 0.20 | 0.21 |
| Debt / EBITDA | 2.93 | 2.93 | 2.23 | 30.52 | 2.97 | 2.46 | 2.23 | 1.83 | 1.19 | 1.17 | 0.85 |
| Net Debt / Equity | — | 0.28 | 0.28 | 1.30 | 0.24 | 0.16 | 0.16 | 0.17 | 0.17 | 0.18 | 0.19 |
| Net Debt / EBITDA | 2.73 | 2.73 | 2.11 | 30.05 | 2.75 | 2.13 | 1.93 | 1.68 | 1.06 | 1.06 | 0.74 |
| Debt / FCF | — | 33.57 | 3.46 | — | — | — | — | 2.44 | 2.65 | — | — |
| Interest Coverage | 5.36 | 5.36 | 7.42 | 1.83 | 5.48 | 4.86 | 5.21 | 6.17 | 10.22 | 9.97 | 14.17 |
AGO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | — | 32.29 | 12.63 | — | 11.40 | 10.46 | 192.69 | 170.92 | 226.00 |
| Quick Ratio | — | — | — | 42.13 | 16.51 | — | 14.74 | 12.36 | 250.43 | 213.05 | 265.45 |
| Cash Ratio | 0.62 | 0.62 | — | 27.06 | 10.29 | — | 9.52 | 9.28 | 187.62 | 170.95 | 219.39 |
| Asset Turnover | — | 0.07 | 0.08 | 0.04 | 0.04 | 0.07 | 0.06 | 0.07 | 0.11 | 0.10 | 0.13 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
AGO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Assured Guaranty Ltd. returns 14.6% to shareholders annually — split between a 1.5% dividend yield and 13.1% buyback yield. The payout ratio of 18.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.4% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.5% | 1.4% | 1.5% | 1.6% | 1.8% | 2.5% | 1.5% | 1.7% | 1.7% | 1.4% | 1.8% |
| Payout Ratio | 18.1% | 18.1% | 9.1% | 51.6% | 17.0% | 19.1% | 18.4% | 13.6% | 9.6% | 7.8% | 6.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.4% | 7.6% | 16.4% | 3.1% | 10.4% | 13.3% | 8.2% | 12.2% | 17.6% | 17.4% | 26.8% |
| FCF Yield | 1.2% | 1.0% | 10.3% | — | — | — | — | 10.8% | 10.5% | — | — |
| Buyback Yield | 13.1% | 10.3% | 4.5% | 12.6% | 13.3% | 16.4% | 10.2% | 11.7% | 12.1% | 6.1% | 14.3% |
| Total Shareholder Yield | 14.6% | 11.7% | 6.0% | 14.2% | 15.1% | 19.0% | 11.7% | 13.4% | 13.8% | 7.4% | 16.1% |
| Shares Outstanding | — | $54M | $60M | $64M | $74M | $86M | $100M | $111M | $122M | $134M | $149M |
Peer Comparison
Compare AGO 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 |
|---|---|---|---|---|---|---|---|---|---|
 AGOYou | $4B | 11.9 | 9.3 | 81.5 | 100.7% | 60.0% | 6.6% | 5.1% | 2.9 |
 MBI | $308M | -1.7 | — | 8.1 | 15.0% | -226.3% | — | -16.9% | — |
 AGM | $2B | 10.8 | 124.5 | 24.4 | 29.5% | 19.4% | 12.9% | 0.6% | 120.5 |
 RDN | $5B | 8.6 | 7.4 | 14.5 | 92.3% | 61.2% | 12.4% | 8.9% | 1.4 |
 MTG | $6B | 8.4 | 6.3 | 6.6 | 94.9% | 76.5% | 14.3% | 12.7% | 0.7 |
 ESNT | $6B | 9.0 | 7.4 | 7.0 | 93.6% | 67.5% | 13.6% | 11.3% | 0.6 |
 NMIH | $3B | 7.8 | 6.2 | 7.1 | 91.8% | 70.8% | 16.2% | 13.5% | 0.8 |
 PFSI | $5B | 9.3 | 18.1 | — | 91.4% | 34.6% | 12.3% | 4.4% | 15.3 |
 MCO | $80B | 32.8 | 21.5 | 30.9 | 68.2% | 44.8% | 62.0% | 22.5% | 1.9 |
 SPGI | $125B | 28.9 | 18.0 | 23.0 | 70.2% | 42.2% | 12.1% | 9.7% | 1.9 |
 MS | $308B | 24.3 | 26.0 | — | 55.6% | 17.1% | 13.0% | 2.9% | 15.8 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 22 years · Updated daily
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Start ComparisonAGO — Frequently Asked Questions
Quick answers to the most common questions about buying AGO stock.
What is Assured Guaranty Ltd.'s P/E ratio?
Assured Guaranty Ltd.'s current P/E ratio is 11.9x. The historical average is 11.2x. This places it at the 65th percentile of its historical range.
What is Assured Guaranty Ltd.'s EV/EBITDA?
Assured Guaranty Ltd.'s current EV/EBITDA is 9.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.3x.
What is Assured Guaranty Ltd.'s ROE?
Assured Guaranty Ltd.'s return on equity (ROE) is 6.6%. The historical average is 9.0%.
Is AGO stock overvalued?
Based on historical data, Assured Guaranty Ltd. is trading at a P/E of 11.9x. This is at the 65th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Assured Guaranty Ltd.'s dividend yield?
Assured Guaranty Ltd.'s current dividend yield is 1.53% with a payout ratio of 18.1%.
What are Assured Guaranty Ltd.'s profit margins?
Assured Guaranty Ltd. has 100.7% gross margin and 60.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Assured Guaranty Ltd. have?
Assured Guaranty Ltd.'s Debt/EBITDA ratio is 2.9x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.