MTG Mgic Investment PE ratio, current and historical analysis
As of Nov 21, 2024, the MTG stock has a PE ratio of 8.79. The calculation is based on the latest EPS of $2.84 and the stock price of $24.97 per share. An increase of 6% has been observed in the PE ratio compared to its average of 8.3 of the last four quarters.
MTG PE ratio history
The mean historical PE ratio of Mgic Investment over the last ten years is 7.49. The current 8.79 P/E ratio is 17% higher than the historical average. Looking back at the last ten years, MTG's PE ratio peaked in the Dec 2017 quarter at 14.4, with a price of $14.11 and an EPS of $0.98. The Jun 2016 quarter marked the lowest point at 1.84, with a price of $5.95 and an EPS of $3.24.
Mgic Investment PE ratio by year
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 |
MTG average PE ratio chart
The current PE ratio of MTG is higher than its 3, 5 and 10-year averages.
MTG PE vs peers
MTG's PE ratio stands lower than its peer stocks ORI and HTH, but it is higher than ESNT's and RDN's. Mgic Investment is currently trading at a lower PE ratio (8.79) than its peers average of 11.1.
| Stock name | PE ratio | Market cap |
|---|---|---|
| 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 |
| ORI Old Republic International Corp | 10.74 | $9.69B |
| HTH Hilltop Holdings Inc | 19.42 | $2.06B |
| MBI Mbia Inc | N/A | $335.78M |
| AIG American International Group Inc | N/A | $47.39B |
Frequently asked questions
What is Mgic Investment's PE ratio?
The price to earnings ratio for MTG stock is 8.79 as of Nov 21, 2024.
What is the 3-year average PE ratio for Mgic Investment (MTG)?
The 3-year average price to earnings ratio for MTG stock is 6.62.
What is the 5-year average PE ratio for Mgic Investment (MTG)?
The 5-year average price to earnings ratio for MTG stock is 6.92.
What is the highest PE ratio for MTG?
Over the last ten years, the quarterly PE ratio reached its highest level at 14.4 in the Dec 2017 quarter.
How does the current PE ratio for MTG compare to its historical average?
MTG's current price to earnings ratio is 17% above its 10-year historical average.
Why is Mgic Investment's PE ratio so low?
MTG's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
How is MTG's PE ratio calculated (Mgic Investment PE ratio formula)?
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 (Nov 21, 2024), Mgic Investment's share price is $24.97. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $2.84. Therefore, Mgic Investment's PE ratio for today is 8.79. PE RATIO(8.79) = STOCK PRICE($24.97) / TTM EPS($2.84)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.