Essent Group Ltd. (ESNT) Financial Ratios
14 years of historical data (2011–2024) · Financial Services · Insurance - Specialty
EV/EBITDA
↓
7.23
+3% vs avg
5yr avg: 7.04
30Y Low4.6·High15.7
P/FCF
↑
6.86
-2% vs avg
5yr avg: 6.98
30Y Low3.7·High14.7
P/B Ratio
↓
1.14
+5% vs avg
5yr avg: 1.09
30Y Low0.6·High2.3
ROE
↑
13.6%
-11% vs avg
5yr avg: 15.2%
30Y Low-19%·High23%
Debt/EBITDA
↓
0.57
+7% vs avg
5yr avg: 0.53
30Y Low0.3·High0.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ESNT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Essent Group Ltd. trades at 8.8x earnings, 11% above its 5-year average of 7.9x, sitting at the 42nd percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a discount of 34%. On a free-cash-flow basis, the stock trades at 6.9x P/FCF, roughly in line with the 5-year average of 7.0x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.9B | $5.8B | $5.6B | $4.2B | $5.1B | $4.6B | $5.1B | $3.3B | $4.1B | $3.0B | $2.0B |
| Enterprise Value | $6.2B | $6.2B | $5.9B | $4.5B | $5.4B | $4.8B | $5.3B | $3.5B | $4.3B | $3.1B | $2.0B |
| P/E Ratio → | 8.78 | 7.95 | 8.11 | 5.04 | 7.45 | 11.13 | 9.19 | 7.17 | 10.88 | 13.43 | 12.73 |
| P/S Ratio | 4.63 | 4.58 | 5.00 | 4.11 | 4.94 | 4.81 | 5.89 | 4.66 | 7.17 | 6.52 | 5.68 |
| P/B Ratio | 1.14 | 1.04 | 1.11 | 0.94 | 1.20 | 1.19 | 1.71 | 1.42 | 2.13 | 2.22 | 1.79 |
| P/FCF | 6.86 | 6.79 | 7.44 | 7.16 | 7.19 | 6.33 | 8.71 | 5.39 | 11.30 | 11.05 | 9.16 |
| P/OCF | 6.81 | 6.73 | 7.40 | 7.11 | 7.16 | 6.31 | 8.66 | 5.36 | 11.22 | 10.92 | 8.96 |
P/E links to full P/E history page with 30-year chart
ESNT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Essent Group Ltd.'s enterprise value stands at 7.2x EBITDA, roughly in line with its 5-year average of 7.0x. The Financial Services sector median is 11.4x, placing the stock at a 37% 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 | — | 4.86 | 5.24 | 4.44 | 5.27 | 5.04 | 6.06 | 4.88 | 7.53 | 6.67 | 5.61 |
| EV / EBITDA | 7.23 | 7.16 | 7.17 | 4.57 | 6.56 | 9.76 | 7.94 | 6.38 | 10.78 | 9.68 | 8.56 |
| EV / EBIT | 7.28 | 6.92 | 6.95 | 4.51 | 6.52 | 9.64 | 7.86 | 6.30 | 10.75 | 9.79 | 8.68 |
| EV / FCF | — | 7.21 | 7.81 | 7.74 | 7.67 | 6.64 | 8.97 | 5.65 | 11.86 | 11.31 | 9.05 |
ESNT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Essent Group Ltd. earns an operating margin of 67.5%, significantly above the Financial Services sector average of 21.4%. Operating margins have compressed from 97.0% to 67.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 13.6% is modest. ROIC of 11.3% 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 93.6% | 93.6% | 97.2% | 117.2% | 97.0% | 68.5% | 96.2% | 98.4% | 95.3% | 100.0% | 100.0% |
| Operating Margin | 67.5% | 67.5% | 72.8% | 97.0% | 80.0% | 51.3% | 76.0% | 76.0% | 69.1% | 68.1% | 64.6% |
| Net Profit Margin | 57.6% | 57.6% | 61.6% | 81.6% | 66.3% | 43.2% | 64.1% | 65.0% | 65.9% | 48.6% | 44.5% |
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 | 13.6% | 13.6% | 14.6% | 19.1% | 16.8% | 12.1% | 20.8% | 21.7% | 23.1% | 18.1% | 15.2% |
| ROA | 10.8% | 10.8% | 11.5% | 14.5% | 12.5% | 9.1% | 15.8% | 16.0% | 16.7% | 13.3% | 11.9% |
| ROIC | 11.3% | 11.3% | 12.1% | 15.8% | 14.2% | 10.2% | 17.5% | 17.6% | 16.8% | 18.6% | 16.9% |
| ROCE | 12.6% | 12.6% | 14.7% | 18.6% | 16.2% | 12.1% | 22.7% | 21.8% | 20.6% | 22.3% | 18.5% |
ESNT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Essent Group Ltd. carries a Debt/EBITDA ratio of 0.6x, which is very conservative (86% below the sector average of 4.1x). Net debt stands at $362M ($494M total debt minus $131M cash). Interest coverage of 24.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.09 | 0.08 | 0.09 | 0.10 | 0.08 | 0.08 | 0.09 | 0.13 | 0.07 | — |
| Debt / EBITDA | 0.57 | 0.57 | 0.51 | 0.42 | 0.51 | 0.65 | 0.34 | 0.41 | 0.62 | 0.32 | — |
| Net Debt / Equity | — | 0.06 | 0.05 | 0.08 | 0.08 | 0.06 | 0.05 | 0.07 | 0.11 | 0.05 | -0.02 |
| Net Debt / EBITDA | 0.42 | 0.42 | 0.34 | 0.34 | 0.41 | 0.44 | 0.23 | 0.29 | 0.51 | 0.23 | -0.11 |
| Debt / FCF | — | 0.42 | 0.37 | 0.58 | 0.48 | 0.30 | 0.26 | 0.26 | 0.56 | 0.27 | -0.11 |
| Interest Coverage | 24.22 | 24.22 | 27.31 | 63.31 | 99.29 | 54.01 | 64.93 | 53.71 | 76.97 | 732.12 | — |
ESNT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio has declined from 0.93x to 0.41x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 0.41 | 0.93 | 12.13 | 14.67 | 5.21 | 0.18 | 0.29 | 0.11 | 0.35 |
| Quick Ratio | — | — | 0.41 | 0.93 | 12.13 | 14.67 | 5.21 | 0.18 | 0.29 | 0.11 | 0.35 |
| Cash Ratio | 0.28 | — | 0.28 | 0.80 | 12.02 | 14.51 | 5.15 | 5.04 | 9.31 | 0.06 | 0.21 |
| Asset Turnover | — | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.22 | 0.23 | 0.22 | 0.24 | 0.24 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ESNT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Essent Group Ltd. returns 3.7% to shareholders annually — split between a 1.8% dividend yield and 1.9% buyback yield. The payout ratio of 16.2% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 11.4% (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 | 1.8% | 2.0% | 1.9% | 2.2% | 1.5% | 1.5% | 0.6% | — | — | — | — |
| Payout Ratio | 16.2% | 16.2% | 15.3% | 11.1% | 11.4% | 16.8% | 5.3% | — | — | — | — |
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 | 11.4% | 12.6% | 12.3% | 19.9% | 13.4% | 9.0% | 10.9% | 14.0% | 9.2% | 7.4% | 7.9% |
| FCF Yield | 14.6% | 14.7% | 13.4% | 14.0% | 13.9% | 15.8% | 11.5% | 18.6% | 8.8% | 9.1% | 10.9% |
| Buyback Yield | 1.9% | 1.9% | 1.3% | 2.3% | 3.2% | 0.1% | 0.2% | 0.9% | 0.2% | 0.1% | 0.3% |
| Total Shareholder Yield | 3.7% | 4.0% | 3.1% | 4.5% | 4.8% | 1.6% | 0.8% | 0.9% | 0.2% | 0.1% | 0.3% |
| Shares Outstanding | — | $107M | $107M | $108M | $112M | $106M | $98M | $98M | $95M | $92M | $92M |
Peer Comparison
Compare ESNT 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 |
|---|---|---|---|---|---|---|---|---|---|
 ESNTYou | $6B | 8.8 | 7.2 | 6.9 | 93.6% | 67.5% | 13.6% | 11.3% | 0.6 |
 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 |
 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 |
 ACT | $6B | 9.4 | 6.8 | 8.2 | 91.1% | 69.8% | 13.0% | 12.1% | 0.8 |
 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 |
 RKT | $2B | 67.1 | 18.8 | — | 91.3% | 12.4% | 0.3% | 2.5% | 17.9 |
| 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 →
Download Financial Ratios Data
Includes 30+ ratios · 14 years · Updated daily
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Start ComparisonESNT — Frequently Asked Questions
Quick answers to the most common questions about buying ESNT stock.
What is Essent Group Ltd.'s P/E ratio?
Essent Group Ltd.'s current P/E ratio is 8.8x. The historical average is 12.7x. This places it at the 42th percentile of its historical range.
What is Essent Group Ltd.'s EV/EBITDA?
Essent Group Ltd.'s current EV/EBITDA is 7.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.6x.
What is Essent Group Ltd.'s ROE?
Essent Group Ltd.'s return on equity (ROE) is 13.6%. The historical average is 12.4%.
Is ESNT stock overvalued?
Based on historical data, Essent Group Ltd. is trading at a P/E of 8.8x. This is at the 42th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Essent Group Ltd.'s dividend yield?
Essent Group Ltd.'s current dividend yield is 1.84% with a payout ratio of 16.2%.
What are Essent Group Ltd.'s profit margins?
Essent Group Ltd. has 93.6% gross margin and 67.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Essent Group Ltd. have?
Essent Group Ltd.'s Debt/EBITDA ratio is 0.6x, indicating low leverage. A ratio below 2x is generally considered financially healthy.