Assured Guaranty Ltd. (AGO) Financial Ratios
23 years of historical data (2003–2025) · Financial Services · Insurance - Specialty
EV/EBITDA
↓
6.26
↓-63% vs avg
5yr avg: 16.72
30Y Low2.9·High47.4
P/FCF
↑
13.08
↓-70% vs avg
5yr avg: 43.60
30Y Low2.4·High104.0
P/B Ratio
↑
0.65
↓-13% vs avg
5yr avg: 0.75
30Y Low0.4·High1.2
ROE
↑
8.9%
↓+20% vs avg
5yr avg: 7.4%
30Y Low-18%·High20%
Debt/EBITDA
↓
2.27
↓-72% vs avg
5yr avg: 8.18
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 7.5x earnings, 46% below its 5-year average of 14.0x, sitting at the 43rd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 45%. On a free-cash-flow basis, the stock trades at 13.1x P/FCF, 70% below the 5-year average of 43.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.4B | $4.4B | $4.9B | $4.5B | $4.0B | $3.7B | $2.7B | $4.9B | $4.3B | $4.1B | $5.1B |
| Enterprise Value | $4.7B | $5.8B | $6.5B | $6.1B | $10.9B | $5.3B | $3.8B | $6.0B | $5.4B | $5.3B | $6.3B |
| P/E Ratio → | 7.52 | 8.83 | 13.10 | 6.08 | 32.43 | 9.58 | 7.52 | 12.26 | 8.18 | 5.68 | 5.76 |
| P/S Ratio | 4.30 | 5.63 | 6.00 | 4.39 | 5.82 | 5.34 | 2.50 | 5.32 | 4.32 | 2.51 | 3.67 |
| P/B Ratio | 0.65 | 0.77 | 0.88 | 0.77 | 0.75 | 0.57 | 0.40 | 0.74 | 0.65 | 0.61 | 0.78 |
| P/FCF | 13.08 | 17.14 | 103.99 | 9.67 | — | — | — | — | 9.22 | 9.57 | — |
| P/OCF | 13.08 | 17.14 | 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 6.3x EBITDA, 63% below its 5-year average of 16.7x. The Financial Services sector median is 11.4x, placing the stock at a 45% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.30 | 7.94 | 5.97 | 15.88 | 7.57 | 3.48 | 6.47 | 5.46 | 3.20 | 4.53 |
| EV / EBITDA | 6.26 | 7.66 | 11.17 | 7.99 | 47.43 | 9.37 | 7.58 | 10.81 | 8.00 | 4.86 | 5.59 |
| EV / EBIT | 7.11 | 7.66 | 11.17 | 7.99 | 47.43 | 9.37 | 7.58 | 10.81 | 8.00 | 4.86 | 5.59 |
| EV / FCF | — | 22.22 | 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 84.0%, significantly above the Financial Services sector average of 20.3%. Operating margins have expanded from 65.8% to 84.0% over the past 3 years, signaling improving operational efficiency. ROE of 8.9% is modest, trailing the sector median of 9.0%. ROIC of 7.0% represents adequate returns on invested capital versus a sector median of 5.5%.
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 92.9% | 92.9% | 100.7% | 82.8% | 95.6% | 129.5% | 79.8% | 88.0% | 91.9% | 75.3% | 77.3% |
| Operating Margin | 84.0% | 84.0% | 60.0% | 65.8% | 21.6% | 68.3% | 38.1% | 50.2% | 58.8% | 60.0% | 73.7% |
| Net Profit Margin | 63.8% | 63.8% | 46.2% | 72.8% | 18.1% | 55.7% | 33.4% | 43.5% | 52.8% | 44.2% | 63.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.9% | 8.9% | 6.6% | 13.4% | 2.1% | 5.9% | 5.4% | 6.1% | 7.8% | 10.9% | 14.0% |
| ROA | 4.2% | 4.2% | 3.1% | 5.0% | 0.7% | 2.3% | 2.4% | 2.9% | 3.7% | 5.1% | 6.1% |
| ROIC | 7.0% | 7.0% | 5.1% | 5.1% | 1.1% | 4.5% | 4.0% | 4.5% | 5.6% | 9.5% | 10.2% |
| ROCE | 8.2% | 8.2% | 4.0% | 4.5% | 0.9% | 3.0% | 2.8% | 3.6% | 4.3% | 7.0% | 7.1% |
AGO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Assured Guaranty Ltd. carries a Debt/EBITDA ratio of 2.3x, which is manageable (47% below the sector average of 4.3x). Net debt stands at $1.3B ($1.7B total debt minus $388M cash). Interest coverage of 8.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.29 | 0.31 | 0.29 | 1.32 | 0.26 | 0.18 | 0.19 | 0.19 | 0.19 | 0.20 |
| Debt / EBITDA | 2.27 | 2.27 | 2.93 | 2.23 | 30.52 | 2.97 | 2.46 | 2.23 | 1.83 | 1.19 | 1.17 |
| Net Debt / Equity | — | 0.23 | 0.28 | 0.28 | 1.30 | 0.24 | 0.16 | 0.16 | 0.17 | 0.17 | 0.18 |
| Net Debt / EBITDA | 1.75 | 1.75 | 2.73 | 2.11 | 30.05 | 2.75 | 2.13 | 1.93 | 1.68 | 1.06 | 1.06 |
| Debt / FCF | — | 5.08 | 33.57 | 3.46 | — | — | — | — | 2.44 | 2.65 | — |
| Interest Coverage | 8.44 | 8.44 | 6.36 | 8.42 | 2.83 | 6.48 | 5.86 | 6.21 | 7.17 | 11.22 | 10.97 |
AGO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.13x means Assured Guaranty Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.13 | 1.13 | — | — | 32.29 | 12.63 | — | 11.40 | 10.46 | 192.69 | 170.92 |
| Quick Ratio | 1.13 | 1.13 | — | — | 42.13 | 16.51 | — | 14.74 | 12.36 | 250.43 | 213.05 |
| Cash Ratio | 0.62 | 0.62 | — | — | 27.06 | 10.29 | — | 9.52 | 9.28 | 187.62 | 170.95 |
| Asset Turnover | — | 0.06 | 0.07 | 0.08 | 0.04 | 0.04 | 0.07 | 0.06 | 0.07 | 0.11 | 0.10 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
AGO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Assured Guaranty Ltd. returns 16.6% to shareholders annually — split between a 1.8% dividend yield and 14.8% buyback yield. The payout ratio of 13.5% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 13.3% (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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.8% | 1.5% | 1.4% | 1.5% | 1.6% | 1.8% | 2.5% | 1.5% | 1.7% | 1.7% | 1.4% |
| Payout Ratio | 13.5% | 13.5% | 18.1% | 9.1% | 51.6% | 17.0% | 19.1% | 18.4% | 13.6% | 9.6% | 7.8% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 13.3% | 11.3% | 7.6% | 16.4% | 3.1% | 10.4% | 13.3% | 8.2% | 12.2% | 17.6% | 17.4% |
| FCF Yield | 7.6% | 5.8% | 1.0% | 10.3% | — | — | — | — | 10.8% | 10.5% | — |
| Buyback Yield | 14.8% | 11.3% | 10.3% | 4.5% | 12.6% | 13.3% | 16.4% | 10.2% | 11.7% | 12.1% | 6.1% |
| Total Shareholder Yield | 16.6% | 12.8% | 11.7% | 6.0% | 14.2% | 15.1% | 19.0% | 11.7% | 13.4% | 13.8% | 7.4% |
| Shares Outstanding | — | $49M | $54M | $60M | $64M | $74M | $86M | $100M | $111M | $122M | $134M |
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 | $3B | 7.5 | 6.3 | 13.1 | 92.9% | 84.0% | 8.9% | 7.0% | 2.3 |
 MBI | $310M | -1.7 | 224.1 | 8.1 | 15.0% | -226.3% | — | -12.9% | 209.2 |
 AGM | $2B | 11.0 | 124.7 | 25.0 | 29.5% | 19.4% | 12.9% | 0.6% | 120.5 |
 RDN | $5B | 8.4 | 7.2 | 14.0 | 92.3% | 61.2% | 12.4% | 8.9% | 1.4 |
 MTG | $6B | 8.3 | 6.2 | 6.5 | 94.9% | 76.5% | 14.3% | 12.7% | 0.7 |
 ESNT | $5B | 8.5 | 7.0 | 6.3 | 88.2% | 65.2% | 12.1% | 10.2% | 0.6 |
 NMIH | $3B | 7.6 | 6.1 | 6.9 | 91.8% | 70.8% | 16.2% | 13.5% | 0.8 |
 PFSI | $4B | 8.9 | 17.9 | — | 91.4% | 34.6% | 12.3% | 4.4% | 15.3 |
 MCO | $80B | 33.0 | 21.6 | 31.0 | 68.2% | 44.8% | 62.0% | 22.5% | 1.9 |
 SPGI | $122B | 28.0 | 17.5 | 22.3 | 70.2% | 42.2% | 12.1% | 9.7% | 1.9 |
 MS | $356B | 21.9 | 27.0 | 7.7 | 57.1% | 19.1% | 15.5% | 3.1% | 17.9 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 23 years · Updated daily
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AGO — 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 7.5x. The historical average is 11.1x. This places it at the 43th percentile of its historical range.
What is Assured Guaranty Ltd.'s EV/EBITDA?
Assured Guaranty Ltd.'s current EV/EBITDA is 6.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.2x.
What is Assured Guaranty Ltd.'s ROE?
Assured Guaranty Ltd.'s return on equity (ROE) is 8.9%. The historical average is 9.0%.
Is AGO stock overvalued?
Based on historical data, Assured Guaranty Ltd. is trading at a P/E of 7.5x. This is at the 43th 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 1.80% with a payout ratio of 13.5%.
What are Assured Guaranty Ltd.'s profit margins?
Assured Guaranty Ltd. has 92.9% gross margin and 84.0% 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 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.