Assured Guaranty Ltd. (AGO) Key Metrics
AGO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $3.12B
- Enterprise value
- $4.43B
- P/E (TTM)
- 9.4 10-yr median 9.2
- Forward P/E
- 11.1
- PEG ratio
- 0.33
- Price / sales
- 3.8 10-yr median 4.8
- Price / book
- 0.6 10-yr median 0.7
- EV / EBITDA
- —
- Dividend yield
- 2.15% $1.52 a year
- Beta
- 0.72
AGO key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsAGO valuation Price multiples at each fiscal year-end price.
AGO returns How much profit the business earns on the capital it uses.
AGO per-share figures Results divided by the shares outstanding at year-end.
AGO financial health Debt, liquidity and how easily interest is covered.
AGO efficiency & capital use Working capital cycle and where the cash goes.
AGO valuation history
AGO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
AGO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
AGO cash returned to shareholders
AGO price vs earnings per share
AGO key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $4.44B | $4.89B | $4.46B | $3.98B | $3.73B | $2.71B | $4.91B | $4.26B | $4.14B | $5.06B |
| Enterprise value | $3.71B | $4.12B | −$1.91B | −$2.36B | −$4.12B | −$5.83B | −$4.12B | −$5.43B | −$6.01B | −$4.57B |
| P/E ratio | 8.8 | 13.0 | 9.8 | 32.1 | 9.6 | 7.5 | 12.2 | 8.2 | 5.7 | 5.7 |
| Price / sales | 5.6 | 6.0 | 3.2 | 5.8 | 5.3 | 2.5 | 5.3 | 4.3 | 2.5 | 3.7 |
| Price / book | 0.8 | 0.9 | 0.8 | 0.8 | 0.2 | 0.2 | 0.4 | 0.6 | 0.6 | 0.8 |
| Price / free cash flow | 17.1 | 104.0 | 9.7 | — | — | — | — | 9.2 | 9.6 | — |
| Price / operating cash flow | 17.1 | 104.0 | 9.7 | — | — | — | — | 9.2 | 9.6 | — |
| EV / sales | 4.7 | 5.1 | -1.4 | -3.4 | -5.9 | -5.4 | -4.5 | -5.5 | -3.6 | -3.3 |
| EV / EBITDA | 4.9 | 7.1 | — | — | — | — | — | — | — | — |
| EV / free cash flow | 14.3 | 87.7 | — | — | — | — | — | — | — | — |
| Earnings yield | 11.3% | 7.7% | 10.2% | 3.1% | 10.4% | 13.3% | 8.2% | 12.2% | 17.6% | 17.4% |
| Free cash flow yield | 5.8% | 1.0% | 10.3% | −62.3% | −51.9% | −31.4% | −10.4% | 10.8% | 10.5% | −2.8% |
| Dividend yield | 1.5% | 1.4% | 1.5% | 1.6% | 1.8% | 2.5% | 1.5% | 1.7% | 1.7% | 1.4% |
| Shareholder yield (dividends + buybacks) | 13.6% | 11.7% | 6.0% | 14.2% | 15.1% | 19.0% | 11.7% | 13.4% | 13.8% | 7.4% |
| Share price at fiscal year-end | $89.87 | $90.01 | $74.83 | $62.26 | $50.20 | $31.49 | $49.02 | $38.28 | $33.87 | $37.77 |
| Per share | ||||||||||
| Revenue per share | $15.95 | $14.99 | $23.04 | $10.70 | $9.39 | $12.58 | $9.19 | $8.88 | $13.50 | $10.29 |
| Earnings per share | $10.18 | $6.92 | $7.67 | $1.94 | $5.24 | $4.20 | $4.01 | $4.68 | $5.97 | $6.57 |
| Operating cash flow per share | $5.24 | $0.87 | $7.73 | −$38.79 | −$26.07 | −$9.90 | −$5.08 | $4.15 | $3.54 | −$1.05 |
| Free cash flow per share | $5.24 | $0.87 | $7.73 | −$38.79 | −$26.07 | −$9.90 | −$5.08 | $4.15 | $3.54 | −$1.05 |
| Cash per share | $49.27 | $45.40 | $135.32 | $125.76 | $128.49 | $113.53 | $102.70 | $98.13 | $93.58 | $81.59 |
| Book value per share | $114.64 | $101.20 | $95.86 | $82.82 | $222.54 | $163.69 | $130.65 | $58.89 | $55.92 | $48.50 |
| Tangible book value per share | $110.75 | $97.96 | $95.76 | $80.27 | $220.19 | $161.33 | $128.49 | $57.74 | $55.09 | $47.71 |
| Dividends per share | $1.38 | $1.25 | $1.12 | $1.00 | $0.89 | $0.80 | $0.74 | $0.64 | $0.57 | $0.51 |
| Capex per share | $0.00 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Debt per share | $34.49 | $31.29 | $28.42 | $26.57 | $22.83 | $14.43 | $12.52 | $11.08 | $10.56 | $9.74 |
| Shares outstanding | 49.4M | 54.3M | 59.6M | 63.9M | 74.3M | 86.2M | 100.2M | 111.3M | 122.3M | 134.1M |
| Change in shares outstanding | −9.0% | −8.9% | −6.7% | −14.0% | −13.8% | −14.0% | −10.0% | −9.0% | −8.8% | −10.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 9.0% | 6.7% | 8.3% | 1.1% | 2.5% | 2.7% | 4.1% | 7.8% | 10.9% | 14.0% |
| Return on invested capital (ROIC) | 11.2% | 19.3% | — | — | 5.3% | 6.1% | 86.3% | — | — | — |
| Return on assets (ROA) | 4.2% | 3.1% | 3.1% | 0.7% | 2.3% | 2.4% | 2.9% | 3.7% | 5.1% | 6.1% |
| Return on tangible assets | 4.2% | 3.2% | 3.6% | 0.7% | 2.2% | 2.4% | 2.8% | 3.9% | 5.1% | 6.3% |
| Free cash flow margin | 32.9% | 5.8% | 33.6% | −362.4% | −277.5% | −78.7% | −55.3% | 46.8% | 26.2% | −10.2% |
| Income quality (OCF / net income) | 0.51 | 0.12 | 1.01 | −19.99 | −4.98 | −2.36 | −1.27 | 0.89 | 0.59 | −0.16 |
| Financial health | ||||||||||
| Total debt | $1.70B | $1.70B | $1.69B | $1.70B | $1.70B | $1.24B | $1.25B | $1.23B | $1.29B | $1.31B |
| Cash & short-term investments | $2.43B | $2.46B | $8.06B | $8.04B | $9.55B | $9.79B | $10.29B | $10.92B | $11.45B | $10.94B |
| Net debt | −$730.0M | −$766.0M | −$6.37B | −$6.34B | −$7.85B | −$8.54B | −$9.04B | −$9.69B | −$10.15B | −$9.63B |
| Debt / equity | 0.30 | 0.31 | 0.30 | 0.32 | 0.10 | 0.09 | 0.10 | 0.19 | 0.19 | 0.20 |
| Debt / assets | 0.14 | 0.14 | 0.14 | 0.10 | 0.09 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 |
| Net debt / EBITDA | −0.97 | −1.32 | −9.86 | −26.41 | −18.43 | −25.73 | −19.64 | −14.38 | −9.33 | −8.61 |
| Current ratio | 1.13 | 1.11 | 0.34 | 32.29 | 12.63 | 10.83 | 11.40 | 10.46 | 192.69 | 170.92 |
| Quick ratio | 1.13 | 1.11 | 10.51 | 42.13 | 16.51 | 13.94 | 14.74 | 12.36 | 250.43 | 213.05 |
| Interest coverage | 7.4 | 5.4 | 5.9 | 1.8 | 4.9 | 3.9 | 5.2 | 7.2 | 11.2 | 11.0 |
| Working capital | $521.0M | $425.0M | −$253.0M | $9.29B | $10.79B | $11.03B | $11.24B | $11.14B | $11.69B | $10.88B |
| Invested capital | $4.93B | $4.73B | −$658.0M | −$1.05B | $8.68B | $5.57B | $4.05B | −$3.13B | −$3.31B | −$3.13B |
| Tangible asset value | $5.60B | $5.38B | $5.76B | $5.13B | $16.36B | $13.91B | $12.88B | $6.43B | $6.74B | $6.40B |
| Net current asset value | −$1.93B | −$1.94B | −$6.64B | −$1.96B | $10.05B | $10.93B | $11.09B | $5.27B | $4.16B | $3.29B |
| Graham number | $162.06 | $125.57 | $128.60 | $60.13 | $161.91 | $124.37 | $108.60 | $78.76 | $86.66 | $84.67 |
| Graham net-net per share | −$49.34 | −$44.62 | $11.06 | −$59.63 | $103.67 | $99.66 | $87.61 | $34.20 | $26.61 | $20.29 |
| Capital allocation | ||||||||||
| Dividends paid | $68.0M | $68.0M | $67.0M | $64.0M | $66.0M | $69.0M | $74.0M | $71.0M | $70.0M | $69.0M |
| Share buybacks (net) | $534.0M | $502.0M | $199.0M | $500.0M | $496.0M | $446.0M | $500.0M | $500.0M | $501.0M | $308.0M |
| Dividend payout ratio | 13.5% | 18.1% | 14.7% | 51.6% | 17.0% | 19.1% | 18.4% | 13.6% | 9.6% | 7.8% |
| Dividends + buybacks / free cash flow | 232.4% | — | 57.7% | — | — | — | — | 123.6% | 131.9% | — |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 3.7% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Capex / operating cash flow | 0.0% | 0.0% | 0.0% | — | — | — | — | 0.0% | 0.0% | — |
| Capex / depreciation | — | — | 0.00 | 2.27 | 0.00 | — | — | — | — | — |
| Stock-based compensation / revenue | −4.3% | −3.7% | 2.6% | 5.7% | 3.9% | 2.3% | 3.8% | 1.9% | 1.0% | 0.9% |
| SG&A / revenue | 26.5% | 24.8% | 19.5% | 37.7% | 33.0% | 21.0% | 19.3% | 15.4% | 8.7% | 10.4% |
| Efficiency | ||||||||||
| Days sales outstanding | 919.0 | 832.5 | 441.4 | 994.7 | 1,186.0 | 740.1 | 679.1 | 544.2 | 285.7 | 259.3 |
| Days of inventory on hand | — | — | -5,749.2 | -39,693.8 | -7,227.6 | -6,570.0 | -8,514.7 | -4,230.6 | -4,650.8 | -3,507.0 |
| Days payables outstanding | — | — | — | 103.4 | 50.0 | 58.4 | 78.8 | 62.6 | 93.5 | 85.7 |
| Cash conversion cycle (days) | — | — | — | -38,802.5 | -6,091.6 | -5,888.3 | -7,914.5 | -3,749.0 | -4,458.5 | -3,333.3 |
| Receivables turnover | 0.40 | 0.44 | 0.83 | 0.37 | 0.31 | 0.49 | 0.54 | 0.67 | 1.28 | 1.41 |
| Payables turnover | — | — | — | 3.53 | 7.31 | 6.25 | 4.63 | 5.84 | 3.90 | 4.26 |
| Asset turnover | 0.07 | 0.07 | 0.09 | 0.04 | 0.04 | 0.07 | 0.07 | 0.07 | 0.12 | 0.10 |
| Average receivables | $1.98B | $1.86B | $1.66B | $1.86B | $2.27B | $2.20B | $1.71B | $1.47B | $1.29B | $980.5M |
| Average payables | — | — | — | $8.5M | $24.5M | $31.5M | $27.0M | $42.5M | $62.5M | $57.5M |
| Average inventory | — | — | −$3.42B | −$3.26B | −$3.54B | −$3.55B | −$2.92B | −$2.87B | −$3.11B | −$2.35B |
| Intangibles / total assets | 1.6% | 1.5% | 0.0% | 1.0% | 1.0% | 1.3% | 1.5% | 0.9% | 0.7% | 0.7% |
Computed from AGO'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.
AGO valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Assured Guaranty traded at 8.8 times earnings, against a 10-year median of 9.2. Based on the latest twelve months, the trailing P/E is 9.4 and the forward P/E is 11.1. Assured Guaranty earned a return on equity of 9.0% and a return on invested capital of 11.2% in fiscal 2025. It ended the year with $1.7 billion of debt and $2.4 billion in cash and short-term investments, a net cash position of $730.0 million. It returned $602.0 million to shareholders: $68.0 million in dividends and $534.0 million in share buybacks, 232% of free cash flow. The share count fell 63.2% from 134.1M to 49.4M over 9 years.
See the AGO income statement, the AGO chart for price history, or the AGO stock overview for the latest quote and news.
AGO key metrics FAQ
What is Assured Guaranty's P/E ratio?
Assured Guaranty's trailing P/E ratio is 9.4 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 11.1. At the end of fiscal 2025 it was 8.8, compared with a 10-year median of 9.2.
What is Assured Guaranty's EV/EBITDA?
Assured Guaranty's enterprise value was 4.9 times EBITDA at the end of fiscal 2025 (enterprise value $3.7 billion, EBITDA $751.0 million).
What is Assured Guaranty's return on equity?
Assured Guaranty's return on equity (ROE) was 9.0% in fiscal 2025: net income of $503.0 million on average shareholders' equity of $5.6 billion.
What is Assured Guaranty's ROIC?
Assured Guaranty's return on invested capital was 11.2% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Assured Guaranty have?
Assured Guaranty had total debt of $1.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.30 and more cash than debt.
What is Assured Guaranty's dividend yield?
Assured Guaranty's forward dividend yield is 2.15%. Assured Guaranty paid $68.0 million in dividends in fiscal 2025 ($1.38 per share), a payout ratio of 13.5%.
Does Assured Guaranty buy back its shares?
Yes. Assured Guaranty spent $534.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −9.0% over the year, to 49.4M..
What is Assured Guaranty's free cash flow yield?
Assured Guaranty generated $259.0 million of free cash flow in fiscal 2025, a free cash flow yield of 5.8% on its market value at year-end ($4.4 billion).
What is Assured Guaranty's current ratio?
Assured Guaranty's current ratio was 1.13 at the end of fiscal 2025: current assets were 1.13 times current liabilities.