Essent Group Ltd. (ESNT) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Essent Group Ltd.

Market cap $6B · 52 weeks $56 – $70 (6 % below the high) · P/E 9.2× · 2027 expected P/E 8.4× · Dividend 2.1 % · 6 years rising · Next earnings November 6, 2026 · expected EPS $1.85 · Closing price, Oct 28 · accounts published Aug 7.

• Valuation: P/B 1.0× (justified).
• Business: 5-year op. margin 76.5 % (excellent).
• Balance sheet: Debt/Equity 0.09 (solid).
• Earnings: 4 of 8 (uneven).

What would it be worth at its usual multiples?

At a P/B justified by its ROE del 11,9 % (1.5×) $94 (+44 %); at its peers' median (1.2×) $76 (+16 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

What matters in insurance: 4 of 5 pass

• Dividend growth streak 7 años, fails.
• Op Margin 5y (Combined Ratio proxy) 76.5 %, passes.
• Book Value / Share growth 9.8 %, passes.
• Debt / Equity 0.09, passes.
• P/B (Price / Book) 1.0×, passes.

Against its peers (reference peers) — Essent Group Ltd.: P/E 9.2×; P/B 1.0×; ROE 11.9 %; $5.9B. MGIC Investment Corporation (P/E 8.8×; P/B 1.2×; ROE 13.9 %; $5.8B), First American Financial Corporation (P/E 8.8×; P/B 1.2×; ROE 13.3 %; $6.5B), Enact Holdings Inc. (P/E 10.1×; P/B 1.2×; ROE 12.8 %; $6.6B).

Expensive or cheap against its last ten fiscal years?

Precio / valor contable at each close: today 1.0× · median 1.2× · minimum 0.7× · maximum 3.3× · cheap below 1.1× · expensive above 2.0×. It has been cheaper than today only 13% of the time over its last ten fiscal years.

Dividend

solid · Yield 2.1 % ($1.23 per ADS in 2025) · Years raising it ≥ 6 · paying since 2019 · 5-year growth +14 % a year · Free cash flow coverage payout 18 % · With $1,000 invested today you'd collect $20.90 a year ($1.74 a month).