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MTG Mgic Investment PE ratio, current and historical analysis

As of Jun 21, 2024, the MTG stock has a PE ratio of 8.16. The calculation is based on the latest EPS of $2.62 and the stock price of $21.39 per share. An increase of 13% has been observed in the PE ratio compared to its average of 7.2 of the last four quarters.

MTG PE ratio history

How has MTG's PE ratio performed in the past

The mean historical PE ratio of Mgic Investment over the last ten years is 8.11. The current 8.16 P/E ratio is similar to the historical average. Looking back at the last ten years, MTG's PE ratio peaked in the Jun 2014 quarter at 26.4, with a price of $9.24 and an EPS of $0.35. The Jun 2016 quarter marked the lowest point at 1.84, with a price of $5.95 and an EPS of $3.24.

Average
8.11
Median
7.64
Minimum
1.84
Maximum
26.4

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

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

The current PE ratio of MTG is higher than its 3, 5 and 10-year averages.

3-year avg
6.56
5-year avg
6.78
10-year avg
8.11
15-year avg
8.71

MTG PE vs peers

What is MTG's PE ratio compared to its peers

MTG's PE ratio stands lower than its peer stocks AIG and ORI, but it is higher than RDN's and NMIH's. Mgic Investment is currently trading at a lower PE ratio (8.16) than its peers average of 10.75.

Stock name PE ratio Market cap
NMIH NMI Holdings Inc 8.04 $2.66B
RDN Radian Group Inc 8.13 $4.66B
MTG Mgic Investment Corp 8.16 $5.7B
ESNT Essent Group Ltd 8.47 $6.04B
AIG American International Group Inc 11.03 $49.7B
ORI Old Republic International Corp 11.83 $8.36B
HTH Hilltop Holdings Inc 17.01 $1.9B
MBI Mbia Inc N/A $282.02M

Frequently asked questions

What is Mgic Investment's PE ratio?

The price to earnings ratio for MTG stock is 8.16 as of Jun 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 6.56.

What is the 5-year average PE ratio for Mgic Investment (MTG)?

The 5-year average price to earnings ratio for MTG stock is 6.78.

What is the highest PE ratio for MTG?

Over the last ten years, the quarterly PE ratio reached its highest level at 26.4 in the Jun 2014 quarter.

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

MTG's current price to earnings ratio is 0.6% 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 (Jun 21, 2024), Mgic Investment's share price is $21.39. 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 8.16. PE RATIO(8.16) = STOCK PRICE($21.39) / TTM EPS($2.62)

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