First American Financial Corporation (FAF) Key Metrics
FAF valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $6.63B
- Enterprise value
- $7.01B
- P/E (TTM)
- 9.0 10-yr median 11.3
- Forward P/E
- 9.4
- PEG ratio
- 2.98
- Price / sales
- 0.8 10-yr median 0.9
- Price / book
- 1.2 10-yr median 1.4
- EV / EBITDA
- — 10-yr median 6.3
- Dividend yield
- 3.76% $2.44 a year
- Beta
- 1.26
FAF key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFAF valuation Price multiples at each fiscal year-end price.
FAF returns How much profit the business earns on the capital it uses.
FAF per-share figures Results divided by the shares outstanding at year-end.
FAF financial health Debt, liquidity and how easily interest is covered.
FAF efficiency & capital use Working capital cycle and where the cash goes.
FAF valuation history
FAF returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FAF debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FAF cash returned to shareholders
FAF price vs earnings per share
FAF key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $6.37B | $6.51B | $6.74B | $5.62B | $8.71B | $5.84B | $6.63B | $5.06B | $6.30B | $4.07B |
| Enterprise value | $6.89B | $7.13B | $5.27B | $6.77B | $10.21B | $6.60B | $6.54B | $4.60B | $5.77B | $3.94B |
| P/E ratio | 10.2 | 49.7 | 31.1 | 21.4 | 7.0 | 8.4 | 9.4 | 10.7 | 14.9 | 11.9 |
| Price / sales | 0.9 | 1.1 | 1.1 | 0.7 | 0.9 | 0.8 | 1.1 | 0.9 | 1.1 | 0.7 |
| Price / book | 1.2 | 1.3 | 1.4 | 1.2 | 1.5 | 1.2 | 1.5 | 1.4 | 1.8 | 1.4 |
| Price / free cash flow | 8.4 | 9.6 | 74.2 | 10.8 | 8.2 | 6.0 | 8.2 | 7.5 | 12.7 | 11.4 |
| Price / operating cash flow | 6.7 | 7.3 | 19.0 | 7.2 | 7.1 | 5.4 | 7.3 | 6.4 | 10.0 | 8.3 |
| EV / sales | 0.9 | 1.2 | 0.9 | 0.9 | 1.1 | 0.9 | 1.1 | 0.8 | 1.0 | 0.7 |
| EV / EBITDA | 5.7 | 13.6 | 8.9 | 11.5 | 5.5 | 5.8 | 6.0 | 5.9 | 9.5 | 6.5 |
| EV / free cash flow | 9.0 | 10.5 | 58.0 | 13.0 | 9.6 | 6.8 | 8.1 | 6.8 | 11.6 | 11.0 |
| Earnings yield | 9.8% | 2.0% | 3.2% | 4.7% | 14.2% | 11.9% | 10.7% | 9.4% | 6.7% | 8.4% |
| Free cash flow yield | 12.0% | 10.4% | 1.3% | 9.3% | 12.2% | 16.6% | 12.2% | 13.3% | 7.9% | 8.8% |
| Dividend yield | 3.5% | 3.4% | 3.2% | 3.9% | 2.4% | 3.4% | 2.8% | 3.5% | 2.5% | 3.2% |
| Shareholder yield (dividends + buybacks) | 5.4% | 4.4% | 4.3% | 11.7% | 3.6% | 5.8% | 2.9% | 3.9% | 2.5% | 3.2% |
| Share price at fiscal year-end | $61.44 | $62.44 | $64.44 | $52.34 | $78.23 | $51.63 | $58.32 | $44.64 | $56.04 | $36.63 |
| Per share | ||||||||||
| Revenue per share | $71.79 | $58.68 | $57.34 | $70.78 | $82.71 | $62.64 | $54.54 | $50.72 | $51.31 | $50.16 |
| Earnings per share | $6.00 | $1.26 | $2.07 | $2.45 | $11.14 | $6.16 | $6.22 | $4.19 | $3.76 | $3.09 |
| Operating cash flow per share | $9.17 | $8.60 | $3.39 | $7.27 | $10.95 | $9.60 | $8.03 | $7.00 | $5.62 | $4.40 |
| Free cash flow per share | $7.35 | $6.51 | $0.87 | $4.85 | $9.51 | $8.59 | $7.09 | $5.96 | $4.43 | $3.21 |
| Cash per share | $13.38 | $17.29 | $35.00 | $11.41 | $11.02 | $11.29 | $13.47 | $13.27 | $12.71 | $9.24 |
| Book value per share | $53.03 | $47.06 | $46.35 | $43.69 | $51.91 | $43.55 | $38.93 | $33.06 | $30.98 | $27.12 |
| Tangible book value per share | $34.52 | $22.10 | $21.36 | $25.13 | $35.70 | $29.63 | $28.00 | $22.00 | $20.19 | $17.26 |
| Dividends per share | $2.15 | $2.12 | $2.07 | $2.02 | $1.91 | $1.76 | $1.66 | $1.58 | $1.42 | $1.18 |
| Capex per share | $1.82 | $2.09 | $2.52 | $2.42 | $1.45 | $1.01 | $0.94 | $1.04 | $1.19 | $1.19 |
| Debt per share | $18.38 | $23.21 | $20.97 | $22.16 | $24.45 | $18.08 | $12.71 | $9.22 | $7.94 | $8.07 |
| Shares outstanding | 103.7M | 104.3M | 104.6M | 107.3M | 111.4M | 113.0M | 113.7M | 113.3M | 112.4M | 111.2M |
| Change in shares outstanding | −0.6% | −0.3% | −2.5% | −3.7% | −1.4% | −0.6% | +0.3% | +0.8% | +1.2% | +1.2% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 11.9% | 2.7% | 4.5% | 5.0% | 23.2% | 14.9% | 17.3% | 13.1% | 13.0% | 11.9% |
| Return on invested capital (ROIC) | 10.8% | 3.0% | 4.7% | 4.0% | 19.3% | 14.0% | 18.6% | 15.3% | 14.5% | 11.9% |
| Return on assets (ROA) | 4.0% | 0.8% | 1.2% | 1.5% | 8.5% | 4.8% | 4.7% | 3.5% | 3.4% | 3.0% |
| Return on tangible assets | 4.3% | 1.1% | 1.5% | 1.5% | 8.5% | 6.2% | 4.8% | 3.6% | 3.6% | 3.2% |
| Free cash flow margin | 10.2% | 11.1% | 1.5% | 6.8% | 11.5% | 13.7% | 13.0% | 11.7% | 8.6% | 6.4% |
| Income quality (OCF / net income) | 1.53 | 6.85 | 1.63 | 2.97 | 0.98 | 1.56 | 1.29 | 1.67 | 1.49 | 1.43 |
| Financial health | ||||||||||
| Total debt | $1.91B | $2.42B | $2.19B | $2.38B | $2.72B | $2.04B | $1.45B | $1.04B | $892.8M | $896.7M |
| Cash & short-term investments | $1.39B | $1.80B | $3.66B | $1.22B | $1.23B | $1.28B | $1.53B | $1.50B | $1.43B | $1.03B |
| Net debt | $518.6M | $616.8M | −$1.47B | $1.15B | $1.50B | $767.6M | −$85.3M | −$458.7M | −$535.8M | −$130.7M |
| Debt / equity | 0.35 | 0.49 | 0.45 | 0.51 | 0.47 | 0.42 | 0.33 | 0.28 | 0.26 | 0.30 |
| Debt / assets | 0.12 | 0.16 | 0.13 | 0.12 | 0.17 | 0.16 | 0.09 | 0.07 | 0.07 | 0.08 |
| Net debt / EBITDA | 0.43 | 1.18 | −2.46 | 1.97 | 0.80 | 0.68 | −0.08 | −0.59 | −0.88 | −0.21 |
| Current ratio | — | 0.32 | 0.46 | 39.58 | 3.59 | 4.21 | 4.33 | 6.76 | 5.41 | 4.37 |
| Quick ratio | — | 0.32 | 0.91 | 6.38 | 7.47 | 8.78 | 9.08 | 14.19 | 11.72 | 9.82 |
| Interest coverage | 5.3 | 1.1 | 2.1 | 3.5 | 22.7 | 16.2 | 18.9 | 14.9 | 12.4 | 14.8 |
| Working capital | — | −$4.77B | −$5.07B | $9.95B | $1.62B | $1.84B | $1.66B | $1.63B | $1.38B | $1.01B |
| Invested capital | $6.02B | $5.53B | $3.38B | $5.84B | $7.28B | $5.69B | $4.34B | $3.29B | $2.95B | $2.88B |
| Tangible asset value | $3.58B | $2.32B | $2.25B | $2.70B | $3.98B | $3.35B | $3.18B | $2.49B | $2.27B | $1.92B |
| Net current asset value | −$9.34B | −$7.74B | −$7.69B | −$4.74B | −$8.44B | −$5.48B | −$9.37B | −$8.71B | −$7.87B | −$7.53B |
| Graham number | $84.59 | $36.48 | $46.49 | $49.09 | $114.07 | $77.68 | $73.82 | $55.82 | $51.21 | $43.39 |
| Graham net-net per share | −$86.96 | −$75.27 | −$95.25 | −$82.39 | −$88.91 | −$62.52 | −$94.16 | −$87.13 | −$78.91 | −$75.04 |
| Capital allocation | ||||||||||
| Dividends paid | $223.0M | $220.7M | $216.6M | $217.0M | $213.0M | $198.7M | $188.4M | $178.5M | $159.3M | $131.5M |
| Share buybacks (net) | $122.3M | $68.5M | $72.7M | $441.0M | $99.0M | $138.6M | $2.1M | $18.8M | $969,000 | $454,000 |
| Dividend payout ratio | 35.9% | 168.3% | 99.9% | 82.5% | 17.2% | 28.5% | 26.7% | 37.6% | 37.7% | 38.4% |
| Dividends + buybacks / free cash flow | 45.3% | 42.6% | 318.3% | 126.5% | 29.5% | 34.7% | 23.6% | 29.2% | 32.2% | 37.0% |
| Capex / revenue | 2.5% | 3.6% | 4.4% | 3.4% | 1.7% | 1.6% | 1.7% | 2.1% | 2.3% | 2.4% |
| Capex / operating cash flow | 19.8% | 24.3% | 74.3% | 33.3% | 13.2% | 10.5% | 11.7% | 14.9% | 21.2% | 27.0% |
| Capex / depreciation | 0.87 | 1.05 | 1.40 | 1.56 | 1.02 | 0.77 | 0.83 | 0.94 | 1.05 | 1.34 |
| Stock-based compensation / revenue | 0.9% | 0.8% | 0.8% | 0.9% | 0.6% | 0.7% | 0.7% | 0.7% | 0.6% | 0.6% |
| SG&A / revenue | 30.4% | 33.6% | 33.2% | 30.8% | 25.5% | 27.4% | 29.1% | 30.4% | 29.9% | 29.7% |
| Efficiency | ||||||||||
| Days sales outstanding | 21.3 | 30.4 | 42.5 | 44.0 | 42.6 | 45.3 | 30.5 | 24.2 | 22.7 | 20.5 |
| Days of inventory on hand | — | — | 344.3 | 338.0 | -257.0 | -328.2 | -351.2 | -330.9 | -284.3 | -129.4 |
| Days payables outstanding | 63.9 | 10.0 | 9.1 | 7.6 | 7.3 | 7.6 | 8.3 | 9.4 | 10.1 | 9.2 |
| Cash conversion cycle (days) | -42.6 | 20.4 | 377.7 | 374.3 | -221.7 | -290.5 | -329.0 | -316.0 | -271.6 | -118.1 |
| Receivables turnover | 17.14 | 11.99 | 8.59 | 8.30 | 8.57 | 8.06 | 11.97 | 15.06 | 16.08 | 17.83 |
| Payables turnover | 5.71 | 36.38 | 40.04 | 48.06 | 49.99 | 48.23 | 43.92 | 38.99 | 36.23 | 39.81 |
| Inventory turnover | — | — | — | 1.08 | — | — | — | — | — | — |
| Asset turnover | 0.48 | 0.39 | 0.33 | 0.42 | 0.63 | 0.49 | 0.41 | 0.42 | 0.46 | 0.49 |
| Average receivables | $434.4M | $510.6M | $698.5M | $914.5M | $1.08B | $878.6M | $517.9M | $381.4M | $358.8M | $312.8M |
| Average payables | $57.2M | $65.0M | $57.1M | $69.0M | $71.5M | $57.3M | $52.8M | $57.8M | $63.9M | $57.5M |
| Average inventory | — | — | $2.16B | $3.07B | −$2.52B | −$2.49B | −$2.23B | −$2.04B | −$1.80B | −$812.2M |
| Intangibles / total assets | 11.8% | 17.5% | 15.6% | 10.1% | 11.0% | 12.3% | 7.8% | 8.7% | 9.3% | 9.3% |
Computed from FAF'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.
FAF valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), First American Financial traded at 10.2 times earnings, against a 10-year median of 11.3. Based on the latest twelve months, the trailing P/E is 9.0 and the forward P/E is 9.4. First American Financial earned a return on equity of 11.9% and a return on invested capital of 10.8% in fiscal 2025. It ended the year with $1.9 billion of debt and $1.4 billion in cash and short-term investments, net debt of $518.6 million. It returned $345.3 million to shareholders: $223.0 million in dividends and $122.3 million in share buybacks, 45% of free cash flow. The share count fell 6.7% from 111.2M to 103.7M over 9 years.
See the FAF income statement, the FAF chart for price history, or the FAF stock overview for the latest quote and news.
FAF key metrics FAQ
What is First American Financial's P/E ratio?
First American Financial'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 9.4. At the end of fiscal 2025 it was 10.2, compared with a 10-year median of 11.3.
What is First American Financial's EV/EBITDA?
First American Financial's enterprise value was 5.7 times EBITDA at the end of fiscal 2025 (enterprise value $6.9 billion, EBITDA $1.2 billion).
What is First American Financial's return on equity?
First American Financial's return on equity (ROE) was 11.9% in fiscal 2025: net income of $621.8 million on average shareholders' equity of $5.2 billion.
What is First American Financial's ROIC?
First American Financial's return on invested capital was 10.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does First American Financial have?
First American Financial had total debt of $1.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.35 and $518.6 million of net debt (0.43 times EBITDA).
What is First American Financial's dividend yield?
First American Financial's forward dividend yield is 3.76%. First American Financial paid $223.0 million in dividends in fiscal 2025 ($2.15 per share), a payout ratio of 35.9%.
Does First American Financial buy back its shares?
Yes. First American Financial spent $122.3 million on net share repurchases in fiscal 2025 Shares outstanding changed −0.6% over the year, to 103.7M..
What is First American Financial's free cash flow yield?
First American Financial generated $762.5 million of free cash flow in fiscal 2025, a free cash flow yield of 12.0% on its market value at year-end ($6.4 billion).