Fidelity National Financial, Inc. (FNF) — Fundamental Analysis & Key Financial Ratios

Kaplio overview: Fidelity National Financial, Inc.

Market cap $11B · 52 weeks $39 – $60 (32 % below the high) · P/E 13.6× · 2027 expected P/E 7.3× · Dividend 5.3 % · 10 years rising · Next earnings November 5, 2026 · expected EPS $1.32 · Closing price, Oct 28 · accounts published Aug 5.

• Valuation: P/B 1.4× (justified).
• Business: 5-year op. margin 13.5 % (solid).
• Balance sheet: Debt/Equity 0.64 (fragile).
• Earnings: 3 of 8 (disappointing).

What would it be worth at its usual multiples?

At a P/B justified by its ROE del 10,1 % (1.5×) $42 (+7 %); at its peers' median (1.2×) $34 (-14 %). 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: 3 of 5 pass

• Book Value / Share growth 2.3 %, fails.
• Debt / Equity 0.64, fails.
• Op Margin 5y (Combined Ratio proxy) 13.5 %, passes.
• P/B (Price / Book) 1.4×, passes.
• Dividend growth streak 10 años, passes, near the threshold.

Against its peers (reference peers) — Fidelity National Financial, Inc.: P/E 13.7×; P/B 1.4×; ROE 10.1 %; $10.5B. Enact Holdings Inc. (P/E 10.1×; P/B 1.2×; ROE 12.8 %; $6.6B), First American Financial Corporation (P/E 8.9×; P/B 1.2×; ROE 13.3 %; $6.5B), Essent Group Ltd. (P/E 9.2×; P/B 1.0×; ROE 11.9 %; $5.9B).

Expensive or cheap against its last ten fiscal years?

Precio / valor contable at each close: today 1.4× · median 1.7× · minimum 1.0× · maximum 2.8× · cheap below 1.5× · expensive above 2.1×. It has been cheaper than today only 17% of the time over its last ten fiscal years.

Dividend

tight · Yield 5.3 % ($2.01 per share in 2025) · Years raising it 10 · 5-year growth +8 % a year · Free cash flow coverage payout 91 % · With $1,000 invested today you'd collect $52.90 a year ($4.41 a month).