The current PE ratio for Essent Group stock as of Apr 26, 2024 is 8.23. This is calculated based on the TTM EPS of $6.56 and the stock price of $53.98 per share. The PE ratio has grown by 14% from its last 4 quarters average of 7.2.
The average historical PE ratio of Essent Group for the last ten years is 12.16. The current P/E ratio of 8.23 is 32% lower than the historical average. Looking back at the last ten years, ESNT's PE ratio peaked in the Sep 2014 quarter at 54.9, when the price was $21.41 and the EPS was $0.39. The lowest point was in the Sep 2022 quarter, when it reached 4.35 with a price of $34.87 and an EPS of $8.02.
Maximum annual increase: 60.16% in 2023
Maximum annual decrease: -48.63% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 8.04 | 60.16% |
| 2022 | 5.02 | -32.44% |
| 2021 | 7.43 | -33.12% |
| 2020 | 11.11 | 21.42% |
| 2019 | 9.15 | 28.51% |
| 2018 | 7.12 | -33.27% |
| 2017 | 10.67 | -19.23% |
| 2016 | 13.21 | 5.01% |
| 2015 | 12.58 | -48.63% |
| 2014 | 24.49 | -8.38% |
Currently, ESNT's PE ratio is higher than its 3 and 5-year averages, but it is lower than its 10-year average.
In comparison to its peer stocks RNR and MTG, ESNT's PE ratio is higher. Essent Group is currently trading at a higher PE ratio (8.23) than its peers average of 6.91.
| Stock name | PE ratio | Market cap |
|---|---|---|
| RNR Renaissancere Holdings Ltd | 4.18 | $11.54B |
| AGO Assured Guaranty Ltd | 6.26 | $4.35B |
| NMIH NMI Holdings Inc | 7.96 | $2.52B |
| RDN Radian Group Inc | 7.97 | $4.6B |
| MTG Mgic Investment Corp | 8.16 | $5.52B |
| ESNT Essent Group Ltd | 8.23 | $5.77B |
| PRE Prenetics Global Limited | N/A | $55.85M |
As of Apr 26, 2024, ESNT stock has a price to earnings ratio of 8.23.
The 3-year average price to earnings ratio for ESNT stock is 6.64.
The 5-year average price to earnings ratio for ESNT stock is 7.64.
Over the last ten years, the quarterly PE ratio reached its highest level at 54.9 in the Sep 2014 quarter.
The current PE ratio of ESNT is 32% lower than the 10-year historical average.
ESNT's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 8.23 is considered low.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 26, 2024), Essent Group's share price is $53.98. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $6.56. Therefore, Essent Group's PE ratio for today is 8.23. PE RATIO(8.23) = STOCK PRICE($53.98) / TTM EPS($6.56)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.