MGIC Investment (MEX:MTG) Cyclically Adjusted FCF per Share: MXN22.42 (As of Mar. 2026)

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MEX:MTG MGIC Investment Corp MEX:MTG
24 GF Score
Price MXN489.02
GF Value MXN473.13
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is MGIC Investment Cyclically Adjusted FCF per Share?

MGIC Investment MEX:MTG +6.83% 24 Cyclically Adjusted FCF per Share is MXN22.42 as of Mar. 2026. GuruFocus rates MEX:MTG with a GF Score™ of 24/100 and a GF Value™ of MXN473.13 (Fairly Valued). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

MGIC Investment's adjusted free cash flow per share for the three months ended in Mar. 2026 was MXN6.341. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is MXN22.42 for the trailing ten years ended in Mar. 2026.

During the past 12 months, MGIC Investment's average Cyclically Adjusted FCF Growth Rate was 16.20% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 46.70% 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 Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of MGIC Investment was 46.70% per year. The lowest was -149.70% per year. And the median was 2.35% per year.

As of today (2026-07-17), MGIC Investment's current stock price is MXN489.02. MGIC Investment's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was MXN22.42. MGIC Investment's Cyclically Adjusted Price-to-FCF of today is 21.81.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MGIC Investment was 102.07. The lowest was 11.01. And the median was 14.17.


MGIC Investment  (MEX:MTG) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

MGIC Investment's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=489.02/22.42
=21.81

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MGIC Investment was 102.07. The lowest was 11.01. And the median was 14.17.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


MGIC Investment Cyclically Adjusted FCF per Share Related Terms


MGIC Investment Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for MGIC Investment's Cyclically Adjusted FCF 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.

MGIC Investment Cyclically Adjusted FCF per Share Chart

MGIC Investment Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.19 17.55 18.52 19.94 19.44

MGIC Investment Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.43 19.11 19.20 19.44 22.42

MEX:MTG vs ESNT, ACT, RYAN: Cyclically Adjusted FCF per Share Comparison

For the Insurance - Specialty subindustry, MGIC Investment's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF vs Insurance Industry

For the Insurance industry and Financial Services sector, MGIC Investment's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where MGIC Investment's Cyclically Adjusted Price-to-FCF falls into.


MEX:MTG
24GF Score
MGIC Investment Corp MEX:MTG
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MGIC Investment Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, MGIC Investment's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=6.341/330.2130*330.2130
=6.341

Current CPI (Mar. 2026) = 330.2130.

MGIC Investment Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 2.100 241.018 2.877
201609 4.369 241.428 5.976
201612 3.121 241.432 4.269
201703 3.439 243.801 4.658
201706 1.945 244.955 2.622
201709 5.955 246.819 7.967
201712 7.343 246.524 9.836
201803 5.974 249.554 7.905
201806 6.345 251.989 8.315
201809 5.791 252.439 7.575
201812 8.111 251.233 10.661
201903 8.475 254.202 11.009
201906 5.802 256.143 7.480
201909 9.313 256.759 11.977
201912 7.638 256.974 9.815
202003 11.797 258.115 15.092
202006 16.000 257.797 20.494
202009 5.409 260.280 6.862
202012 12.424 260.474 15.750
202103 11.333 264.877 14.128
202106 8.398 271.696 10.207
202109 9.422 274.310 11.342
202112 11.031 278.802 13.065
202203 13.934 287.504 16.004
202206 8.496 296.311 9.468
202209 7.979 296.808 8.877
202212 10.753 296.797 11.964
202303 12.962 301.836 14.181
202306 8.547 305.109 9.250
202309 10.306 307.789 11.057
202312 11.304 306.746 12.169
202403 11.579 312.332 12.242
202406 11.618 314.175 12.211
202409 13.806 315.301 14.459
202412 14.902 315.605 15.592
202503 18.552 319.799 19.156
202506 14.478 322.561 14.821
202509 17.055 324.800 17.339
202512 18.441 324.054 18.791
202603 6.341 330.213 6.341

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of MXN22.42 mean?
MGIC Investment (MEX:MTG) has a Cyclically Adjusted FCF per Share of MXN22.42 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on MGIC Investment and its competitors.
Is MGIC Investment's Cyclically Adjusted FCF per Share too high?
MGIC Investment's current Cyclically Adjusted FCF per Share is MXN22.42. Overall, MGIC Investment has a GF Score™ of 24/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGIC Investment's Cyclically Adjusted FCF per Share compare to ESNT and ACT?
MGIC Investment's Cyclically Adjusted FCF per Share of MXN22.42 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for an Insurance company?
A good Cyclically Adjusted FCF per Share depends on the Insurance industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on MGIC Investment and its competitors. MGIC Investment's current Cyclically Adjusted FCF per Share is MXN22.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGIC Investment stock overvalued right now?
Based on GuruFocus' analysis, MGIC Investment (MEX:MTG) is currently considered Fairly Valued. The stock's GF Value™ is MXN473.13, compared to a current price of MXN489.02 — trading 3.4% above its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN22.42. MGIC Investment's overall GF Score™ is 24/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For MGIC Investment (MEX:MTG), the current Cyclically Adjusted FCF per Share is MXN22.42 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MGIC Investment (MEX:MTG) Overvalued in 2026?

Based on GuruFocus' analysis, MGIC Investment stock appears to be overvalued. The current stock price of MXN489.02 is trading 3.4% above its estimated GF Value™ of MXN473.13. GuruFocus considers MGIC Investment to be Fairly Valued.

Key valuation signals for MEX:MTG:

  • Cyclically Adjusted FCF per Share: MXN22.42
  • GF Value™: MXN473.13 vs. price of MXN489.02 (3.4% above fair value)
  • GF Score™: 24/100 with 6 warning signs

No single metric tells the full story. See the MEX:MTG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MGIC Investment Business Description

Other Exchanges MTG:USA
Address 250 E. Kilbourn Avenue, MGIC Plaza, Milwaukee, WI, USA, 53202
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 account for close to the majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 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.
24GF Score

Get the complete analysis for MEX:MTG

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN489.02
Price
MXN473.13
GF Value