Essent Group (LTS:0U95) PB Ratio : 1.03 (As of Dec. 15, 2024)

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What is Essent Group PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-12-15), Essent Group's share price is $54.85. Essent Group's Book Value per Share for the quarter that ended in Sep. 2024 was $53.12. Hence, Essent Group's PB Ratio of today is 1.03.

Good Sign:

Essent Group Ltd stock PB Ratio (=1.04) is close to 1-year low of 1.01

The historical rank and industry rank for Essent Group's PB Ratio or its related term are showing as below:

LTS:0U95' s PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 1.56 Max: 2.77
Current: 1.04

During the past 13 years, Essent Group's highest PB Ratio was 2.77. The lowest was 0.68. And the median was 1.56.

LTS:0U95's PB Ratio is ranked better than
63.54% of 480 companies
in the Insurance industry
Industry Median: 1.3 vs LTS:0U95: 1.04

During the past 12 months, Essent Group's average Book Value Per Share Growth Rate was 18.10% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 11.70% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 13.70% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 19.90% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Essent Group was 31.10% per year. The lowest was 11.00% per year. And the median was 22.15% per year.

Back to Basics: PB Ratio

Essent Group PB Ratio Historical Data

The historical data trend for Essent Group's PB Ratio 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.

* Premium members only.

Essent Group PB Ratio Chart

Essent Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.75

0.87

1.13

0.94

1.10

Essent Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
PB Ratio	Get a 7-Day Free Trial															1.11	1.10	1.21	1.11	1.21

Competitive Comparison of Essent Group's PB Ratio

For the Insurance - Specialty subindustry, Essent Group'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.

Essent Group's PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Essent Group's PB Ratio distribution charts can be found below:

* The bar in red indicates where Essent Group's PB Ratio falls into.

Essent Group PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Essent Group's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Sep. 2024)
	=	54.85	/	53.115
	=	1.03

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Essent Group (LTS:0U95) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Essent Group PB Ratio Related Terms

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Essent Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Essent Group Ltd (LTS:0U95) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

ESNT:USA EG0:Germany

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM 11

Website

https://ir.essentgroup.com

Essent Group Ltd serves the housing finance industry by providing private mortgage insurance, reinsurance, risk management products and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. It provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.

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