As of Oct 2, 2023, the MTG stock has a PE ratio of 6.24. The calculation is based on the latest EPS of $2.67 and the stock price of $16.66 per share. An increase of 25% has been observed in the PE ratio compared to its average of 5.0 of the last four quarters.
The mean historical PE ratio of Mgic Investment over the last ten years is 8.79. The current 6.24 P/E ratio is 29% lower than the historical average. Looking back at the last ten years, MTG's PE ratio peaked in the Mar 2014 quarter at 32.77, with a price of $8.52 and an EPS of $0.26. 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 |
|---|---|---|
| 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 |
| 2013 | N/A | N/A |
The current PE ratio of MTG is lower 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 RDN's. Mgic Investment is currently trading at a lower PE ratio (6.24) than its peers average of 9.75.
| Stock name | PE ratio | Market cap |
|---|---|---|
| RDN Radian Group Inc | 5.92 | $3.88B |
| MTG Mgic Investment Corp | 6.12 | $4.61B |
| NMIH NMI Holdings Inc | 7.09 | $2.12B |
| ESNT Essent Group Ltd | 7.33 | $4.92B |
| AIG American International Group Inc | 9.54 | $41.69B |
| ORI Old Republic International Corp | 9.93 | $7.43B |
| HTH Hilltop Holdings Inc | 17.7 | $1.82B |
| MBI Mbia Inc | N/A | $358.35M |
The price to earnings ratio for MTG stock is 6.24 as of Oct 2, 2023.
The 3-year average price to earnings ratio for MTG stock is 6.91.
The 5-year average price to earnings ratio for MTG stock is 6.6.
Over the last ten years, the quarterly PE ratio reached its highest level at 32.77 in the Mar 2014 quarter.
MTG's current price to earnings ratio is 29% below 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 (Oct 2, 2023), Mgic Investment's share price is $16.66. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $2.67. Therefore, Mgic Investment's PE ratio for today is 6.24. PE RATIO(6.24) = STOCK PRICE($16.66) / TTM EPS($2.67)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.