Essent Group Ltd. (ESNT) Key Metrics
ESNT valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $5.82B
- Enterprise value
- $6.30B
- P/E (TTM)
- 9.0 10-yr median 8.7
- Forward P/E
- 8.2
- PEG ratio
- 0.84
- Price / sales
- 4.4 10-yr median 5.0
- Price / book
- 1.0 10-yr median 1.2
- EV / EBITDA
- — 10-yr median 2.1
- Dividend yield
- 2.16% $1.40 a year
- Beta
- 0.76
ESNT key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsESNT valuation Price multiples at each fiscal year-end price.
ESNT returns How much profit the business earns on the capital it uses.
ESNT per-share figures Results divided by the shares outstanding at year-end.
ESNT financial health Debt, liquidity and how easily interest is covered.
ESNT efficiency & capital use Working capital cycle and where the cash goes.
ESNT valuation history
ESNT returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ESNT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ESNT cash returned to shareholders
ESNT price vs earnings per share
ESNT key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.50B | $5.80B | $5.65B | $4.19B | $5.08B | $4.60B | $5.11B | $3.35B | $4.13B | $2.99B |
| Enterprise value | $770.7M | $286.3M | $5.93B | $4.27B | $454.5M | $249.0M | $1.91B | $747.4M | $2.03B | $1.44B |
| P/E ratio | 9.4 | 8.0 | 8.1 | 5.0 | 7.4 | 11.1 | 9.2 | 7.2 | 10.9 | 13.4 |
| Price / sales | 5.2 | 4.6 | 5.0 | 4.1 | 4.9 | 4.8 | 5.9 | 4.7 | 7.2 | 6.5 |
| Price / book | 1.1 | 1.0 | 1.1 | 0.9 | 1.2 | 1.2 | 1.7 | 1.4 | 2.1 | 2.2 |
| Price / free cash flow | 7.7 | 6.8 | 7.4 | 7.2 | 7.2 | 6.3 | 8.7 | 5.4 | 11.3 | 11.0 |
| Price / operating cash flow | 7.6 | 6.7 | 7.4 | 7.1 | 7.2 | 6.3 | 8.7 | 5.4 | 11.2 | 10.9 |
| EV / sales | 0.6 | 0.2 | 5.2 | 4.2 | 0.4 | 0.3 | 2.2 | 1.0 | 3.5 | 3.1 |
| EV / EBITDA | 0.9 | 0.3 | 6.9 | 4.2 | 0.5 | 0.5 | 2.8 | 1.3 | 5.0 | 4.6 |
| EV / free cash flow | 0.9 | 0.3 | 7.8 | 7.3 | 0.6 | 0.3 | 3.3 | 1.2 | 5.6 | 5.3 |
| Earnings yield | 10.6% | 12.6% | 12.3% | 19.9% | 13.4% | 9.0% | 10.9% | 14.0% | 9.2% | 7.5% |
| Free cash flow yield | 13.1% | 14.7% | 13.4% | 14.0% | 13.9% | 15.8% | 11.5% | 18.6% | 8.8% | 9.1% |
| Dividend yield | 1.9% | 2.0% | 1.9% | 2.2% | 1.5% | 1.5% | 0.6% | 0.9% | 4.8% | 1.0% |
| Shareholder yield (dividends + buybacks) | 10.9% | 4.0% | 3.1% | 4.5% | 4.8% | 1.6% | 0.8% | 1.8% | 5.0% | 1.1% |
| Share price at fiscal year-end | $65.01 | $54.44 | $52.74 | $38.88 | $45.53 | $43.20 | $51.99 | $34.18 | $43.42 | $32.37 |
| Per share | ||||||||||
| Revenue per share | $12.61 | $11.89 | $10.56 | $9.46 | $9.22 | $8.98 | $8.83 | $7.34 | $6.06 | $4.97 |
| Earnings per share | $6.90 | $6.85 | $6.50 | $7.72 | $6.11 | $3.88 | $5.66 | $4.77 | $3.99 | $2.41 |
| Operating cash flow per share | $8.56 | $8.09 | $7.12 | $5.47 | $6.36 | $6.84 | $6.00 | $6.38 | $3.87 | $2.96 |
| Free cash flow per share | $8.48 | $8.02 | $7.08 | $5.43 | $6.34 | $6.82 | $5.97 | $6.34 | $3.84 | $2.93 |
| Cash per share | $62.26 | $56.39 | $1.32 | $3.10 | $45.22 | $43.88 | $34.84 | $28.83 | $24.67 | $17.81 |
| Book value per share | $57.55 | $52.59 | $47.63 | $41.45 | $37.97 | $36.31 | $30.39 | $24.15 | $20.38 | $14.57 |
| Tangible book value per share | $55.90 | $51.75 | $47.06 | $41.32 | $37.84 | $36.12 | $30.20 | $23.95 | $20.20 | $14.39 |
| Dividends per share | $1.22 | $1.11 | $0.99 | $0.86 | $0.70 | $0.65 | $0.30 | $0.30 | $2.10 | $0.32 |
| Capex per share | $0.07 | $0.06 | $0.04 | $0.04 | $0.02 | $0.02 | $0.03 | $0.04 | $0.03 | $0.03 |
| Debt per share | $4.95 | $4.64 | $3.94 | $3.91 | $3.76 | $3.02 | $2.28 | $2.28 | $2.61 | $1.08 |
| Shares outstanding | 100.0M | 106.5M | 107.1M | 107.7M | 111.6M | 106.4M | 98.2M | 98.0M | 95.2M | 92.2M |
| Change in shares outstanding | −6.1% | −0.5% | −0.5% | −3.5% | +4.9% | +8.3% | +0.3% | +2.9% | +3.2% | +0.6% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 12.1% | 13.6% | 14.6% | 19.1% | 16.8% | 12.1% | 20.8% | 21.7% | 23.1% | 18.1% |
| Return on invested capital (ROIC) | — | 26.7% | 14.0% | 40.0% | — | — | — | — | — | — |
| Return on assets (ROA) | 9.5% | 10.8% | 11.5% | 14.5% | 12.5% | 9.1% | 15.8% | 16.0% | 16.7% | 13.3% |
| Return on tangible assets | 9.5% | 10.4% | 10.9% | 14.6% | 11.9% | 8.0% | 14.4% | 14.9% | 14.3% | 11.9% |
| Free cash flow margin | 67.3% | 67.5% | 67.1% | 57.4% | 68.7% | 76.0% | 67.6% | 86.4% | 63.4% | 59.0% |
| Income quality (OCF / net income) | 1.24 | 1.18 | 1.10 | 0.71 | 1.04 | 1.76 | 1.06 | 1.34 | 0.97 | 1.23 |
| Financial health | ||||||||||
| Total debt | $495.3M | $494.0M | $421.9M | $420.9M | $419.8M | $321.7M | $224.2M | $223.7M | $248.6M | $100.0M |
| Cash & short-term investments | $6.23B | $6.01B | $141.8M | $333.3M | $5.04B | $4.67B | $3.42B | $2.83B | $2.35B | $1.64B |
| Net debt | −$5.73B | −$5.51B | $280.1M | $87.6M | −$4.62B | −$4.35B | −$3.20B | −$2.60B | −$2.10B | −$1.54B |
| Debt / equity | 0.09 | 0.09 | 0.08 | 0.09 | 0.10 | 0.08 | 0.08 | 0.09 | 0.13 | 0.07 |
| Debt / assets | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.07 | 0.09 | 0.05 |
| Net debt / EBITDA | −6.67 | −6.15 | 0.33 | 0.09 | −5.55 | −8.65 | −4.75 | −4.64 | −5.15 | −4.88 |
| Current ratio | 5.75 | 6.51 | 0.41 | 0.93 | 12.13 | 14.67 | 15.44 | 0.18 | 0.15 | 0.11 |
| Quick ratio | 5.75 | 6.51 | 11.34 | 14.84 | 14.72 | 19.16 | 19.61 | 0.18 | 0.15 | 0.11 |
| Interest coverage | 25.1 | 24.2 | 27.3 | 63.3 | 99.3 | 54.0 | 64.9 | 53.7 | 77.0 | 732.1 |
| Working capital | $5.65B | $5.58B | −$295.2M | −$27.8M | $4.67B | $4.40B | $3.24B | −$458.8M | −$412.1M | −$390.1M |
| Invested capital | $24.9M | $89.4M | $5.38B | $4.55B | −$388.4M | −$483.9M | −$213.0M | −$235.6M | −$159.6M | −$198.9M |
| Tangible asset value | $5.59B | $5.51B | $5.04B | $4.45B | $4.22B | $3.84B | $2.97B | $2.35B | $1.92B | $1.33B |
| Net current asset value | $5.15B | $5.09B | −$1.12B | −$870.8M | $3.60B | $3.38B | $2.57B | −$682.4M | −$660.7M | −$490.1M |
| Graham number | $94.51 | $90.00 | $83.46 | $84.87 | $72.26 | $56.32 | $62.19 | $50.91 | $42.77 | $28.12 |
| Graham net-net per share | $46.16 | $42.63 | −$36.12 | −$35.25 | $27.33 | $24.84 | $21.35 | $21.11 | $17.19 | $12.14 |
| Capital allocation | ||||||||||
| Dividends paid | $122.1M | $118.0M | $106.2M | $92.1M | $77.7M | $69.4M | $29.3M | $29.3M | $200.0M | $29.3M |
| Share buybacks (net) | $587.7M | $111.5M | $70.7M | $97.9M | $163.9M | $6.4M | $9.0M | $31.4M | $7.6M | $4.0M |
| Dividend payout ratio | 17.7% | 16.2% | 15.3% | 11.1% | 11.4% | 16.8% | 5.3% | 6.3% | 52.7% | 13.2% |
| Dividends + buybacks / free cash flow | 83.6% | 26.9% | 23.3% | 32.5% | 34.2% | 10.4% | 6.5% | 9.8% | 56.7% | 12.3% |
| Capex / revenue | 0.6% | 0.5% | 0.4% | 0.4% | 0.2% | 0.3% | 0.4% | 0.6% | 0.5% | 0.7% |
| Capex / operating cash flow | 0.9% | 0.8% | 0.5% | 0.7% | 0.4% | 0.3% | 0.6% | 0.6% | 0.8% | 1.2% |
| Capex / depreciation | 1.41 | 1.17 | 0.88 | 1.32 | 0.74 | 0.73 | 0.90 | 1.19 | 0.71 | 0.78 |
| Stock-based compensation / revenue | 1.7% | 2.0% | 1.6% | 1.8% | 2.0% | 1.9% | 1.9% | 2.1% | 3.2% | 3.7% |
| SG&A / revenue | 10.3% | 10.8% | 10.2% | 9.8% | 9.9% | 9.7% | 10.8% | 12.5% | 15.8% | 18.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 22.3 | 17.1 | 19.5 | 18.6 | 17.1 | 17.3 | 16.3 | 16.9 | 16.3 | 15.2 |
| Days of inventory on hand | — | — | -65,307.8 | 7,215.2 | -14,900.3 | -1,442.3 | -10,334.1 | — | — | — |
| Days payables outstanding | — | — | — | -534.8 | 2,910.7 | 93.5 | 594.5 | 1,216.6 | 469.6 | 86.4 |
| Cash conversion cycle (days) | — | — | — | 7,768.5 | -17,793.9 | -1,518.5 | -10,912.3 | -1,199.7 | -453.3 | -71.2 |
| Receivables turnover | 16.35 | 21.33 | 18.75 | 19.67 | 21.36 | 21.04 | 22.38 | 21.59 | 22.44 | 23.95 |
| Payables turnover | — | — | — | −0.68 | 0.13 | 3.90 | 0.61 | 0.30 | 0.78 | 4.22 |
| Asset turnover | 0.17 | 0.19 | 0.19 | 0.18 | 0.19 | 0.21 | 0.25 | 0.25 | 0.25 | 0.27 |
| Average receivables | $77.1M | $59.4M | $60.3M | $51.8M | $48.1M | $45.4M | $38.8M | $33.3M | $25.7M | $19.1M |
| Average payables | — | — | — | $256.0M | $247.7M | $77.2M | $53.7M | $38.6M | $35.0M | $31.0M |
| Average inventory | — | — | −$5.64B | −$3.45B | −$1.27B | −$1.19B | −$933.9M | — | $0 | $0 |
| Intangibles / total assets | 2.2% | 1.3% | 1.0% | 0.2% | 0.3% | 0.4% | 0.5% | 0.6% | 0.7% | 0.9% |
Computed from ESNT's annual financial statements (latest annual report filed February 18, 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.
ESNT valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Essent traded at 9.4 times earnings, against a 10-year median of 8.7. Based on the latest twelve months, the trailing P/E is 9.0 and the forward P/E is 8.2. Essent earned a return on equity of 12.1% in fiscal 2025. It ended the year with $495.3 million of debt and $6.2 billion in cash and short-term investments, a net cash position of $5.7 billion. It returned $709.7 million to shareholders: $122.1 million in dividends and $587.7 million in share buybacks, 84% of free cash flow. The share count rose 8.4% from 92.2M to 100.0M over 9 years.
See the ESNT income statement, the ESNT chart for price history, or the ESNT stock overview for the latest quote and news.
ESNT key metrics FAQ
What is Essent's P/E ratio?
Essent's trailing P/E ratio is 9.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 8.2. At the end of fiscal 2025 it was 9.4, compared with a 10-year median of 8.7.
What is Essent's EV/EBITDA?
Essent's enterprise value was 0.9 times EBITDA at the end of fiscal 2025 (enterprise value $770.7 million, EBITDA $859.8 million).
What is Essent's return on equity?
Essent's return on equity (ROE) was 12.1% in fiscal 2025: net income of $690.0 million on average shareholders' equity of $5.7 billion.
How much debt does Essent have?
Essent had total debt of $495.3 million at the end of fiscal 2025, a debt-to-equity ratio of 0.09 and more cash than debt.
What is Essent's dividend yield?
Essent's forward dividend yield is 2.16%. Essent paid $122.1 million in dividends in fiscal 2025 ($1.22 per share), a payout ratio of 17.7%.
Does Essent buy back its shares?
Yes. Essent spent $587.7 million on net share repurchases in fiscal 2025 Shares outstanding changed −6.1% over the year, to 100.0M..
What is Essent's free cash flow yield?
Essent generated $848.7 million of free cash flow in fiscal 2025, a free cash flow yield of 13.1% on its market value at year-end ($6.5 billion).
What is Essent's current ratio?
Essent's current ratio was 5.75 at the end of fiscal 2025: current assets were 5.75 times current liabilities.