Essent Group Ltd. (ESNT) Financial Ratios
15 years of historical data (2011–2025) · Financial Services · Insurance - Specialty
EV/EBITDA
↑
6.96
+3% vs avg
5yr avg: 6.75
30Y Low4.6·High15.7
P/FCF
↑
6.35
↓-12% vs avg
5yr avg: 7.25
30Y Low3.7·High14.7
P/B Ratio
↓
1.02
-6% vs avg
5yr avg: 1.08
30Y Low0.6·High2.3
ROE
↓
12.1%
↑-20% vs avg
5yr avg: 15.3%
30Y Low-19%·High23%
Debt/EBITDA
↑
0.60
+14% vs avg
5yr avg: 0.52
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 8.5x earnings, 12% above its 5-year average of 7.6x, sitting at the 38th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 38%. On a free-cash-flow basis, the stock trades at 6.3x P/FCF, 12% below the 5-year average of 7.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.4B | $6.5B | $5.8B | $5.6B | $4.2B | $5.1B | $4.6B | $5.1B | $3.3B | $4.1B | $3.0B |
| Enterprise Value | $5.8B | $6.9B | $6.2B | $5.9B | $4.5B | $5.4B | $4.8B | $5.3B | $3.5B | $4.3B | $3.1B |
| P/E Ratio → | 8.47 | 9.42 | 7.95 | 8.11 | 5.04 | 7.45 | 11.13 | 9.19 | 7.17 | 10.88 | 13.43 |
| P/S Ratio | 4.27 | 5.16 | 4.58 | 5.00 | 4.11 | 4.94 | 4.81 | 5.89 | 4.66 | 7.17 | 6.52 |
| P/B Ratio | 1.02 | 1.13 | 1.04 | 1.11 | 0.94 | 1.20 | 1.19 | 1.71 | 1.42 | 2.13 | 2.22 |
| P/FCF | 6.35 | 7.66 | 6.79 | 7.44 | 7.16 | 7.19 | 6.33 | 8.71 | 5.39 | 11.30 | 11.05 |
| P/OCF | 6.29 | 7.60 | 6.73 | 7.40 | 7.11 | 7.16 | 6.31 | 8.66 | 5.36 | 11.22 | 10.92 |
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 7.0x EBITDA, roughly in line with its 5-year average of 6.8x. The Financial Services sector median is 11.4x, placing the stock at a 39% 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 | — | 5.45 | 4.86 | 5.24 | 4.44 | 5.27 | 5.04 | 6.06 | 4.88 | 7.53 | 6.67 |
| EV / EBITDA | 6.96 | 8.31 | 7.16 | 7.17 | 4.57 | 6.56 | 9.76 | 7.94 | 6.38 | 10.78 | 9.68 |
| EV / EBIT | 7.01 | 8.04 | 6.92 | 6.95 | 4.51 | 6.52 | 9.64 | 7.86 | 6.30 | 10.75 | 9.79 |
| EV / FCF | — | 8.10 | 7.21 | 7.81 | 7.74 | 7.67 | 6.64 | 8.97 | 5.65 | 11.86 | 11.31 |
ESNT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Essent Group Ltd. earns an operating margin of 65.2%, significantly above the Financial Services sector average of 20.3%. Operating margins have compressed from 72.8% to 65.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 12.1% is modest. ROIC of 10.2% represents solid 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 | 88.2% | 88.2% | 93.6% | 97.2% | 117.2% | 97.0% | 68.5% | 96.2% | 98.4% | 95.3% | 100.0% |
| Operating Margin | 65.2% | 65.2% | 67.5% | 72.8% | 97.0% | 80.0% | 51.3% | 76.0% | 76.0% | 69.1% | 68.1% |
| Net Profit Margin | 54.7% | 54.7% | 57.6% | 61.6% | 81.6% | 66.3% | 43.2% | 64.1% | 65.0% | 65.9% | 48.6% |
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 | 12.1% | 12.1% | 13.6% | 14.6% | 19.1% | 16.8% | 12.1% | 20.8% | 21.7% | 23.1% | 18.1% |
| ROA | 9.5% | 9.5% | 10.8% | 11.5% | 14.5% | 12.5% | 9.1% | 15.8% | 16.0% | 16.7% | 13.3% |
| ROIC | 10.2% | 10.2% | 11.3% | 12.1% | 15.8% | 14.2% | 10.2% | 17.5% | 17.6% | 16.8% | 18.6% |
| ROCE | 13.5% | 13.5% | 12.6% | 14.7% | 18.6% | 16.2% | 12.1% | 22.7% | 21.8% | 20.6% | 22.3% |
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 4.3x). Net debt stands at $372M ($495M total debt minus $123M cash). Interest coverage of 26.1x 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.09 | 0.09 | 0.08 | 0.09 | 0.10 | 0.08 | 0.08 | 0.09 | 0.13 | 0.07 |
| Debt / EBITDA | 0.60 | 0.60 | 0.57 | 0.51 | 0.42 | 0.51 | 0.65 | 0.34 | 0.41 | 0.62 | 0.32 |
| Net Debt / Equity | — | 0.06 | 0.06 | 0.05 | 0.08 | 0.08 | 0.06 | 0.05 | 0.07 | 0.11 | 0.05 |
| Net Debt / EBITDA | 0.45 | 0.45 | 0.42 | 0.34 | 0.34 | 0.41 | 0.44 | 0.23 | 0.29 | 0.51 | 0.23 |
| Debt / FCF | — | 0.44 | 0.42 | 0.37 | 0.58 | 0.48 | 0.30 | 0.26 | 0.26 | 0.56 | 0.27 |
| Interest Coverage | 26.14 | 26.14 | 25.22 | 28.31 | 64.31 | 100.29 | 55.01 | 65.93 | 54.71 | 77.97 | 733.12 |
ESNT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Essent Group Ltd.'s current ratio of 5.75x 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 0.41x to 5.75x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.75 | 5.75 | — | 0.41 | 0.93 | 12.13 | 14.67 | 5.21 | 0.18 | 0.29 | 0.11 |
| Quick Ratio | 5.75 | 5.75 | — | 0.41 | 0.93 | 12.13 | 14.67 | 5.21 | 0.18 | 0.29 | 0.11 |
| Cash Ratio | 5.24 | 5.24 | — | 0.28 | 0.80 | 12.02 | 14.51 | 5.15 | 5.04 | 9.31 | 0.06 |
| Asset Turnover | — | 0.17 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.22 | 0.23 | 0.22 | 0.24 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ESNT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Essent Group Ltd. returns 13.0% to shareholders annually — split between a 2.1% dividend yield and 10.9% buyback yield. The payout ratio of 17.7% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 11.8% (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 | 2.1% | 1.9% | 2.0% | 1.9% | 2.2% | 1.5% | 1.5% | 0.6% | — | — | — |
| Payout Ratio | 17.7% | 17.7% | 16.2% | 15.3% | 11.1% | 11.4% | 16.8% | 5.3% | — | — | — |
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 | 11.8% | 10.6% | 12.6% | 12.3% | 19.9% | 13.4% | 9.0% | 10.9% | 14.0% | 9.2% | 7.4% |
| FCF Yield | 15.8% | 13.1% | 14.7% | 13.4% | 14.0% | 13.9% | 15.8% | 11.5% | 18.6% | 8.8% | 9.1% |
| Buyback Yield | 10.9% | 9.0% | 1.9% | 1.3% | 2.3% | 3.2% | 0.1% | 0.2% | 0.9% | 0.2% | 0.1% |
| Total Shareholder Yield | 13.0% | 10.9% | 4.0% | 3.1% | 4.5% | 4.8% | 1.6% | 0.8% | 0.9% | 0.2% | 0.1% |
| Shares Outstanding | — | $100M | $107M | $107M | $108M | $112M | $106M | $98M | $98M | $95M | $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 | $5B | 8.5 | 7.0 | 6.3 | 88.2% | 65.2% | 12.1% | 10.2% | 0.6 |
 MTG | $6B | 8.3 | 6.2 | 6.5 | 94.9% | 76.5% | 14.3% | 12.7% | 0.7 |
 RDN | $5B | 8.4 | 7.2 | 14.0 | 92.3% | 61.2% | 12.4% | 8.9% | 1.4 |
 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 |
 ACT | $6B | 9.4 | 6.8 | 8.3 | 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 | $13B | 21.2 | 6.6 | 2.0 | 98.2% | 9.9% | 6.9% | 10.1% | 2.1 |
 STC | $2B | 16.5 | 11.5 | 15.3 | 87.7% | 5.7% | 7.5% | 6.2% | 3.9 |
 ITIC | $488M | 13.9 | 9.7 | 19.2 | 98.3% | 16.3% | 13.5% | 13.7% | 0.2 |
 RKT | $41B | -524.4 | 42.7 | — | 91.6% | 8.7% | -0.4% | 2.0% | — |
| 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 · 15 years · Updated daily
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ESNT — 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 8.5x. The historical average is 12.4x. This places it at the 38th percentile of its historical range.
What is Essent Group Ltd.'s EV/EBITDA?
Essent Group Ltd.'s current EV/EBITDA is 7.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.5x.
What is Essent Group Ltd.'s ROE?
Essent Group Ltd.'s return on equity (ROE) is 12.1%. The historical average is 12.4%.
Is ESNT stock overvalued?
Based on historical data, Essent Group Ltd. is trading at a P/E of 8.5x. This is at the 38th 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 2.09% with a payout ratio of 17.7%.
What are Essent Group Ltd.'s profit margins?
Essent Group Ltd. has 88.2% gross margin and 65.2% 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.