Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Enact HoldingsACT -0.13%75 Net Cash per Share is $6.04 as of Mar. 2026, which is 5% below its 10-year median of 6.36. GuruFocus rates ACT with a GF Score™ of 75/100 and a GF Value™ of $38.54 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 43 Insurance companies, Enact Holdings ranks worse than 60.47% on this metric.
The historical rank and industry rank for Enact Holdings's Net Cash per Share or its related term are showing as below:
ACT'
s Price-to-Net-Cash Range Over the Past 10 Years
Min: 0.86 Med: 6.36 Max: 9.26
Current: 7.7
During the past 7 years, the highest Price-to-Net-Cash Ratio of Enact Holdings was 9.26. The lowest was 0.86. And the median was 6.36.
ACT's Price-to-Net-Cash is ranked worse than 60.47% of 43
companies
in the Insurance industry
Industry Median: 6.67
vs ACT: 7.70
Enact Holdings (NAS:ACT) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Enact Holdings Net Cash per Share Related Terms
Enact Holdings Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Enact Holdings's Net Cash 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.
ACT vs ESNT, MTG, FAF: Net Cash per Share Comparison
For the Insurance - Specialty subindustry, Enact Holdings's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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.
Enact Holdings Price-to-Net-Cash vs Insurance Industry
For the Insurance industry and Financial Services sector, Enact Holdings's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Enact Holdings's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Enact Holdings's Net Cash per Share for the fiscal year that ended in Dec. 2025 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.
Enact Holdings (ACT) has a Net Cash per Share of $6.04 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Enact Holdings and its competitors. This is near median its historical median of 6.36. Over the past decade, Enact Holdings' Net Cash per Share has ranged from 0.86 to 9.26. According to the industry distribution chart, Enact Holdings ranks #26 out of 43 companies in the Insurance industry, placing it in the top 60.5%.
Is Enact Holdings' Net Cash per Share too high?
Enact Holdings' current Net Cash per Share of $6.04 is near median its 10-year median of 6.36. Over the past 10 years, this metric has ranged from a low of 0.86 to a high of 9.26. The Insurance industry median Net Cash per Share is 6.67. Enact Holdings' value of $6.04 is 9.4% below this industry median. Based on the distribution chart, Enact Holdings ranks #26 out of 43 companies in the Insurance industry, which is below the industry midpoint. Overall, Enact Holdings has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enact Holdings' Net Cash per Share compare to ESNT and MTG?
According to the Insurance industry distribution chart, Enact Holdings ranks #26 out of 43 companies for Net Cash per Share. This places Enact Holdings in the lower half of its industry. The industry median Net Cash per Share is 6.67. Enact Holdings' value of $6.04 is 9.4% below this benchmark. Historically, Enact Holdings' own Net Cash per Share has ranged from 0.86 to 9.26 over the past decade. While the company's 10-year median is 6.36 vs. the industry median of 6.67, Enact Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Insurance company?
The median Net Cash per Share among Insurance companies is 6.67, based on 43 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Enact Holdings's current Net Cash per Share of $6.04 is 9.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Enact Holdings and its competitors. For the Insurance industry, the median Net Cash per Share is 6.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enact Holdings's current Net Cash per Share is $6.04, which is near median its own 10-year median of 6.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enact Holdings stock overvalued right now?
Based on GuruFocus' analysis, Enact Holdings (ACT) is currently considered Modestly Overvalued. The stock's GF Value™ is $38.54, compared to a current price of $46.52 — trading 20.7% above its estimated fair value. The current Net Cash per Share is $6.04, which is near median its 10-year median of 6.36 and 9.4% below the Insurance industry median of 6.67. Enact Holdings' overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Enact Holdings (ACT), the current Net Cash per Share is $6.04 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 Enact Holdings (ACT) Overvalued in 2026?
Based on GuruFocus' analysis, Enact Holdings stock appears to be overvalued.
The current stock price of $46.52 is trading 20.7% above its estimated GF Value™ of $38.54.
GuruFocus considers Enact Holdings to be Modestly Overvalued.
Key valuation signals for ACT:
Net Cash per Share: $6.04 (near median its 10-year median of 6.36)
GF Value™: $38.54 vs. price of $46.52 (20.7% above fair value)
Industry Position: 9.4% below the Insurance median (#26 of 43)
No single metric tells the full story. See the ACT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The company operates in a single reportable segment namely Mortgage Insurance The principal mortgage insurance customers are originators of residential mortgage loans that determines the mortgage insurer or insurers to be used for the placement of mortgage insurance written on loans originated. The company is engaged in writing and assuming residential mortgage guaranty insurance.
75GF Score
Get the complete analysis for ACT
Net Cash per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ACT has been successfully added to your 
