MGIC Investment's book value per share for the quarter that ended in Dec. 2023 was $18.61.
During the past 12 months, MGIC Investment's average Book Value Per Share Growth Rate was 17.60% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 21.40% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of MGIC Investment was 89.00% per year. The lowest was -54.60% per year. And the median was 15.05% per year.
MGIC Investment's current price is $20.095. Its book value per share for the quarter that ended in Dec. 2023 was $18.61. Hence, today's PB Ratio of MGIC Investment is 1.08.
During the past 13 years, the highest P/B Ratio of MGIC Investment was 4.19. The lowest was 0.40. And the median was 1.17.
MGIC Investment Book Value per Share Historical Data
The historical data trend for MGIC Investment's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of MGIC Investment's Book Value per Share
For the Insurance - Specialty subindustry, MGIC Investment's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MGIC Investment's PB Ratio Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, MGIC Investment's PB Ratio distribution charts can be found below:
* The bar in red indicates where MGIC Investment's PB Ratio falls into.
MGIC Investment Book Value per Share Calculation
MGIC Investment's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
MGIC Investment (NYSE:MTG) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
MGIC Investment Book Value per Share Related Terms
Thank you for viewing the detailed overview of MGIC Investment's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
MGIC Investment (MGIC Investment) Business Description
MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.
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