As of Jul 26, 2024, the MTG stock has a PE ratio of 9.5. The calculation is based on the latest EPS of $2.62 and the stock price of $24.88 per share. An increase of 32% has been observed in the PE ratio compared to its average of 7.2 of the last four quarters.
The mean historical PE ratio of Mgic Investment over the last ten years is 7.64. The current 9.5 P/E ratio is 24% higher than the historical average. Looking back at the last ten years, MTG's PE ratio peaked in the Sep 2014 quarter at 15.02, with a price of $7.81 and an EPS of $0.52. The Jun 2016 quarter marked the lowest point at 1.84, with a price of $5.95 and an EPS of $3.24.
Maximum annual increase: 298.05% in 2016
Maximum annual decrease: -79.67% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 7.69 | 67.54% |
| 2022 | 4.59 | -39.53% |
| 2021 | 7.59 | -20.77% |
| 2020 | 9.58 | 29.11% |
| 2019 | 7.42 | 29.72% |
| 2018 | 5.72 | -60.28% |
| 2017 | 14.4 | 41.32% |
| 2016 | 10.19 | 298.05% |
| 2015 | 2.56 | -79.67% |
| 2014 | 12.59 | N/A |
The current PE ratio of MTG is higher than its 3, 5 and 10-year averages.
MTG's PE ratio stands lower than its peer stocks AIG and ORI, but it is higher than ESNT's. Mgic Investment is currently trading at a lower PE ratio (9.5) than its peers average of 12.16.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ESNT Essent Group Ltd | 9.41 | $6.7B |
| MTG Mgic Investment Corp | 9.5 | $6.63B |
| NMIH NMI Holdings Inc | 9.56 | $3.16B |
| RDN Radian Group Inc | 9.71 | $5.57B |
| AIG American International Group Inc | 11.38 | $51.26B |
| ORI Old Republic International Corp | 12.93 | $9.14B |
| HTH Hilltop Holdings Inc | 19.98 | $2.23B |
| MBI Mbia Inc | N/A | $244.59M |
The price to earnings ratio for MTG stock is 9.5 as of Jul 26, 2024.
The 3-year average price to earnings ratio for MTG stock is 6.44.
The 5-year average price to earnings ratio for MTG stock is 6.76.
Over the last ten years, the quarterly PE ratio reached its highest level at 15.02 in the Sep 2014 quarter.
MTG's current price to earnings ratio is 24% above its 10-year historical average.
MTG's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 26, 2024), Mgic Investment's share price is $24.88. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.62. Therefore, Mgic Investment's PE ratio for today is 9.5. PE RATIO(9.5) = STOCK PRICE($24.88) / TTM EPS($2.62)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.