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ESNT Essent Group PE ratio, current and historical analysis

The current PE ratio for Essent Group stock as of Feb 23, 2024 is 8.06. This is calculated based on the TTM EPS of $6.56 and the stock price of $52.88 per share. The PE ratio has grown by 12% from its last 4 quarters average of 7.2.

ESNT PE ratio history

How has ESNT's PE ratio performed in the past

The average historical PE ratio of Essent Group for the last ten years is 12.52. The current P/E ratio of 8.06 is 36% 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.

Average
12.52
Median
9.2
Minimum
4.35
Maximum
54.9

Essent Group PE ratio by year

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%

ESNT average PE ratio chart

What is the average PE ratio of ESNT for the past years

Currently, ESNT's PE ratio is higher than its 3 and 5-year averages, but it is lower than its 10-year average.

3-year avg
7.2
5-year avg
7.7
10-year avg
12.52
15-year avg
N/A

ESNT PE vs peers

What is ESNT's PE ratio compared to its peers

In comparison to its peer AGO, ESNT's PE ratio is lower, but it is higher than RNR's and MTG's. Essent Group is currently trading at a higher PE ratio (8.06) than its peers average of 7.59.

Stock name PE ratio Market cap
RNR Renaissancere Holdings Ltd 4.33 $11.95B
RDN Radian Group Inc 7.19 $4.15B
NMIH NMI Holdings Inc 7.53 $2.38B
MTG Mgic Investment Corp 7.67 $5.19B
ESNT Essent Group Ltd 8.01 $5.62B
AGO Assured Guaranty Ltd 11.25 $4.89B
PRE Prenetics Global Limited N/A $58.13M

Frequently asked questions

What is Essent Group's PE ratio?

As of Feb 23, 2024, ESNT stock has a price to earnings ratio of 8.06.

What is the 3-year average PE ratio for Essent Group (ESNT)?

The 3-year average price to earnings ratio for ESNT stock is 7.2.

What is the 5-year average PE ratio for Essent Group (ESNT)?

The 5-year average price to earnings ratio for ESNT stock is 7.7.

What is the highest PE ratio for ESNT?

Over the last ten years, the quarterly PE ratio reached its highest level at 54.9 in the Sep 2014 quarter.

How does the current PE ratio for ESNT compare to its historical average?

The current PE ratio of ESNT is 36% lower than the 10-year historical average.

Why is Essent Group's PE ratio so low?

ESNT's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 8.06 is considered low.

How is ESNT's PE ratio calculated (Essent Group PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Feb 23, 2024), Essent Group's share price is $52.88. 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 8.06. PE RATIO(8.06) = STOCK PRICE($52.88) / TTM EPS($6.56)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.