ESNT Essent Group PE ratio, current and historical analysis
The current PE ratio for Essent Group stock as of Nov 21, 2024 is 8.01. This is calculated based on the TTM EPS of $6.98 and the stock price of $55.93 per share. The PE ratio marks a decrease of 6% from its last 4 quarters average of 8.6.
ESNT PE ratio history
The average historical PE ratio of Essent Group for the last ten years is 10.03. The current P/E ratio of 8.01 is 20% lower than the historical average. Looking back at the last ten years, ESNT's PE ratio peaked in the Dec 2014 quarter at 24.49, when the price was $25.71 and the EPS was $1.05. 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.
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
Currently, ESNT's PE ratio is higher than its 3 and 5-year averages, but it is lower than its 10-year average.
ESNT PE vs peers
In comparison to its peers MTG and RDN, ESNT's PE ratio is lower, but it is higher than RNR's and AGO's. Essent Group is currently trading at a higher PE ratio (8.01) than its peers average of 7.38.
| Stock name | PE ratio | Market cap |
|---|---|---|
| RNR Renaissancere Holdings Ltd | 3.71 | $13.75B |
| AGO Assured Guaranty Ltd | 7.07 | $4.69B |
| ESNT Essent Group Ltd | 8.01 | $5.94B |
| NMIH NMI Holdings Inc | 8.6 | $3.03B |
| RDN Radian Group Inc | 8.75 | $5.07B |
| MTG Mgic Investment Corp | 8.79 | $6.33B |
| PRE Prenetics Global Limited | N/A | $54.02M |
Frequently asked questions
What is Essent Group's PE ratio?
As of Nov 21, 2024, ESNT stock has a price to earnings ratio of 8.01.
What is the 3-year average PE ratio for Essent Group (ESNT)?
The 3-year average price to earnings ratio for ESNT stock is 6.84.
What is the 5-year average PE ratio for Essent Group (ESNT)?
The 5-year average price to earnings ratio for ESNT stock is 7.68.
What is the highest PE ratio for ESNT?
Over the last ten years, the quarterly PE ratio reached its highest level at 24.49 in the Dec 2014 quarter.
How does the current PE ratio for ESNT compare to its historical average?
The current PE ratio of ESNT is 20% 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 8.01 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 (Nov 21, 2024), Essent Group's share price is $55.93. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $6.98. Therefore, Essent Group's PE ratio for today is 8.01. PE RATIO(8.01) = STOCK PRICE($55.93) / TTM EPS($6.98)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.