Enact Holdings, Inc. (ACT) Key Metrics
ACT valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $6.36B
- Enterprise value
- $6.86B
- P/E (TTM)
- 9.8 10-yr median 7.0
- Forward P/E
- 9.2
- PEG ratio
- —
- Price / sales
- 5.1 10-yr median 4.1
- Price / book
- 1.2 10-yr median 1.0
- EV / EBITDA
- — 10-yr median 5.4
- Dividend yield
- 2.07% $0.96 a year
- Beta
- 0.47
ACT key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsACT valuation Price multiples at each fiscal year-end price.
ACT returns How much profit the business earns on the capital it uses.
ACT per-share figures Results divided by the shares outstanding at year-end.
ACT financial health Debt, liquidity and how easily interest is covered.
ACT efficiency & capital use Working capital cycle and where the cash goes.
ACT valuation history
ACT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ACT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ACT cash returned to shareholders
ACT price vs earnings per share
ACT key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $5.92B | $5.10B | $4.68B | $3.94B | $3.37B | — | — | — |
| Enterprise value | $6.08B | $5.26B | $4.83B | $4.20B | $3.72B | — | — | — |
| P/E ratio | 8.8 | 7.4 | 7.0 | 5.6 | 6.2 | — | — | — |
| Price / sales | 4.8 | 4.2 | 4.1 | 3.6 | 3.0 | — | — | — |
| Price / book | 1.1 | 1.0 | 1.0 | 1.0 | 0.8 | — | — | — |
| Price / free cash flow | 8.2 | 7.4 | 7.4 | 6.9 | — | — | — | — |
| Price / operating cash flow | 8.2 | 7.4 | 7.4 | 7.0 | 5.9 | — | — | — |
| EV / sales | 4.9 | 4.4 | 4.2 | 3.8 | 3.3 | — | — | — |
| EV / EBITDA | 6.7 | 5.7 | 5.3 | 4.4 | 5.4 | — | — | — |
| EV / free cash flow | 8.4 | 7.7 | 7.6 | 7.4 | — | — | — | — |
| Earnings yield | 11.4% | 13.5% | 14.2% | 17.9% | 16.2% | — | — | — |
| Free cash flow yield | 12.2% | 13.5% | 13.5% | 14.4% | −3.4% | — | — | — |
| Dividend yield | 2.0% | 2.2% | 4.6% | 6.4% | 5.9% | — | — | — |
| Shareholder yield (dividends + buybacks) | 8.5% | 7.0% | 6.4% | 6.4% | 5.9% | — | — | — |
| Share price at fiscal year-end | $39.64 | $32.38 | $28.89 | $24.12 | $20.67 | — | — | — |
| Per share | ||||||||
| Revenue per share | $8.24 | $7.63 | $7.13 | $6.71 | $6.88 | $6.79 | $6.01 | $5.17 |
| Earnings per share | $4.52 | $4.37 | $4.11 | $4.31 | $3.36 | $2.27 | $4.16 | $2.97 |
| Operating cash flow per share | $4.85 | $4.36 | $3.91 | $3.43 | $3.51 | $4.33 | $3.07 | $3.14 |
| Free cash flow per share | $4.85 | $4.36 | $3.91 | $3.47 | −$0.70 | $4.33 | $3.07 | $3.14 |
| Cash per share | $3.90 | $3.80 | $3.80 | $3.15 | $2.61 | $2.78 | $3.59 | $0.98 |
| Book value per share | $35.86 | $31.71 | $28.62 | $25.11 | $25.21 | $23.84 | $23.50 | $20.10 |
| Tangible book value per share | $35.72 | $31.56 | $31.39 | $25.04 | $25.12 | $23.66 | $23.32 | $19.93 |
| Dividends per share | $0.81 | $0.71 | $1.32 | $1.54 | $1.23 | $2.69 | $1.54 | $0.31 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.04 | $4.21 | $0.00 | $1.08 | $0.00 |
| Debt per share | $4.99 | $4.83 | $4.75 | $4.72 | $4.76 | $4.76 | $0.29 | — |
| Shares outstanding | 149.3M | 157.6M | 161.8M | 163.3M | 162.9M | 162.8M | 162.8M | 162.8M |
| Change in shares outstanding | −5.2% | −2.7% | −0.9% | +0.3% | +0.0% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | 13.0% | 14.3% | 15.2% | 17.2% | 13.7% | 9.6% | 19.1% | 14.8% |
| Return on invested capital (ROIC) | 12.6% | 13.8% | 14.6% | 16.9% | 12.6% | 9.8% | 20.3% | 15.5% |
| Return on assets (ROA) | 10.0% | 10.8% | 11.1% | 12.1% | 9.4% | 7.2% | 15.7% | 11.8% |
| Return on tangible assets | 9.8% | 10.5% | 10.0% | 12.3% | 9.3% | 6.5% | 15.0% | 11.9% |
| Free cash flow margin | 58.9% | 57.1% | 54.8% | 51.8% | −10.1% | 63.7% | 51.1% | 60.8% |
| Income quality (OCF / net income) | 1.07 | 1.00 | 0.95 | 0.80 | 1.05 | 1.90 | 0.74 | 1.06 |
| Financial health | ||||||||
| Total debt | $744.5M | $760.3M | $768.7M | $771.3M | $775.8M | $775.5M | $46.8M | — |
| Cash & short-term investments | $582.5M | $599.4M | $615.7M | $513.8M | $425.8M | $452.8M | $585.1M | $159.1M |
| Net debt | $162.0M | $160.9M | $153.0M | $257.5M | $350.0M | $322.7M | −$538.3M | −$159.1M |
| Debt / equity | 0.14 | 0.15 | 0.17 | 0.19 | 0.19 | 0.20 | 0.01 | — |
| Debt / assets | 0.11 | 0.12 | 0.12 | 0.13 | 0.13 | 0.14 | 0.01 | — |
| Net debt / EBITDA | 0.18 | 0.17 | 0.17 | 0.27 | 0.51 | 0.69 | −0.65 | −0.26 |
| Current ratio | 6.86 | 5.50 | 4.31 | 2.69 | 1.90 | 1.39 | 1.63 | 0.47 |
| Quick ratio | 6.86 | 5.50 | 43.15 | 6.47 | 4.90 | 3.31 | 3.33 | 0.47 |
| Interest coverage | 17.2 | 17.2 | 16.4 | 18.4 | 13.6 | 25.6 | — | — |
| Working capital | $537.0M | $533.9M | $507.6M | $349.4M | $221.8M | $140.9M | $242.8M | −$222.7M |
| Invested capital | $5.52B | $5.16B | $4.79B | $4.36B | $4.46B | $4.20B | $3.29B | $3.11B |
| Tangible asset value | $5.33B | $4.97B | $5.08B | $4.09B | $4.09B | $3.85B | $3.80B | $3.25B |
| Net current asset value | −$909.7M | −$901.3M | −$924.5M | −$1.08B | −$1.34B | −$1.32B | −$101.8M | −$626.0M |
| Graham number | $60.36 | $55.82 | $51.46 | $49.36 | $43.63 | $34.93 | $46.91 | $36.66 |
| Graham net-net per share | −$6.17 | −$5.80 | −$24.15 | −$9.05 | −$10.56 | −$10.27 | −$2.69 | −$3.91 |
| Capital allocation | ||||||||
| Dividends paid | $120.8M | $111.7M | $213.0M | $250.8M | $200.3M | $437.4M | $250.0M | $50.0M |
| Share buybacks (net) | $382.4M | $244.0M | $87.8M | $1.5M | $0 | $0 | — | — |
| Dividend payout ratio | 17.9% | 16.2% | 32.0% | 35.6% | 36.6% | 118.1% | 36.9% | 10.3% |
| Dividends + buybacks / free cash flow | 69.5% | 51.8% | 47.6% | 44.5% | — | 62.1% | 50.0% | 9.8% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.6% | 61.2% | 0.0% | 18.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | 1.2% | 119.8% | 0.0% | 35.2% | 0.0% |
| Capex / depreciation | — | — | 0.00 | — | 206.15 | — | — | — |
| Stock-based compensation / revenue | 1.5% | 1.6% | 1.3% | 0.9% | 0.1% | 0.0% | 0.3% | 0.5% |
| Efficiency | ||||||||
| Days sales outstanding | 14.7 | 14.9 | 13.7 | 14.0 | 14.5 | 14.5 | 15.1 | 17.4 |
| Days of inventory on hand | — | — | -4,902.9 | -1,907.3 | -699.7 | -395.9 | -910.6 | — |
| Days payables outstanding | — | — | — | 802.2 | 629.9 | — | — | — |
| Cash conversion cycle (days) | — | — | — | -2,695.5 | -1,315.1 | — | — | — |
| Receivables turnover | 24.82 | 24.50 | 26.58 | 26.07 | 25.25 | 25.25 | 24.12 | 21.02 |
| Payables turnover | — | — | — | 0.46 | 0.58 | — | — | — |
| Asset turnover | 0.18 | 0.19 | 0.19 | 0.19 | 0.19 | 0.22 | 0.23 | 0.21 |
| Average receivables | $49.6M | $49.1M | $43.4M | $42.0M | $44.4M | $43.8M | $40.6M | $40.0M |
| Average payables | — | — | — | $318.9M | $641.3M | — | — | — |
| Average inventory | — | — | −$3.36B | −$758.3M | −$712.4M | −$668.0M | −$650.4M | — |
| Intangibles / total assets | 0.3% | 0.4% | −7.2% | 0.2% | 0.2% | 0.5% | 0.7% | 0.7% |
Computed from ACT's annual financial statements (latest annual report filed February 27, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ACT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Enact traded at 8.8 times earnings, against a 8-year median of 7.0. Based on the latest twelve months, the trailing P/E is 9.8 and the forward P/E is 9.2. Enact earned a return on equity of 13.0% and a return on invested capital of 12.6% in fiscal 2025. It ended the year with $744.5 million of debt and $582.5 million in cash and short-term investments, net debt of $162.0 million. It returned $503.2 million to shareholders: $120.8 million in dividends and $382.4 million in share buybacks, 69% of free cash flow. The share count fell 8.3% from 162.8M to 149.3M over 7 years.
See the ACT income statement, the ACT chart for price history, or the ACT stock overview for the latest quote and news.
ACT key metrics FAQ
What is Enact's P/E ratio?
Enact's trailing P/E ratio is 9.8 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 9.2. At the end of fiscal 2025 it was 8.8, compared with a 8-year median of 7.0.
What is Enact's EV/EBITDA?
Enact's enterprise value was 6.7 times EBITDA at the end of fiscal 2025 (enterprise value $6.1 billion, EBITDA $908.8 million).
What is Enact's return on equity?
Enact's return on equity (ROE) was 13.0% in fiscal 2025: net income of $674.2 million on average shareholders' equity of $5.2 billion.
What is Enact's ROIC?
Enact's return on invested capital was 12.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Enact have?
Enact had total debt of $744.5 million at the end of fiscal 2025, a debt-to-equity ratio of 0.14 and $162.0 million of net debt (0.18 times EBITDA).
What is Enact's dividend yield?
Enact's forward dividend yield is 2.07%. Enact paid $120.8 million in dividends in fiscal 2025 ($0.81 per share), a payout ratio of 17.9%.
Does Enact buy back its shares?
Yes. Enact spent $382.4 million on net share repurchases in fiscal 2025 Shares outstanding changed −5.2% over the year, to 149.3M..
What is Enact's free cash flow yield?
Enact generated $724.5 million of free cash flow in fiscal 2025, a free cash flow yield of 12.2% on its market value at year-end ($5.9 billion).
What is Enact's current ratio?
Enact's current ratio was 6.86 at the end of fiscal 2025: current assets were 6.86 times current liabilities.