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Enact HoldingsFRA:61W -1.03%75 Pretax Margin % is 68.37% as of Mar. 2026, which is 6% below its 10-year median of 73.06. GuruFocus rates FRA:61W with a GF Score™ of 75/100 and a GF Value™ of €32.53. The stock has 6 warning signs investors should review. Among 503 Insurance companies, Enact Holdings ranks better than 96.62% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Enact Holdings Pretax Margin % Related Terms
Enact Holdings Pretax Margin % Historical Data
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The historical data trend for Enact Holdings's Pretax Margin % 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.
FRA:61W vs ESNT, MTG, FAF: Pretax Margin % Comparison
For the Insurance - Specialty subindustry, Enact Holdings's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Enact Holdings's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Enact Holdings's Pretax Margin % falls into.
* 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 (FRA:61W) has a Pretax Margin % of 68.37% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Enact Holdings and its competitors. This is near median its historical median of 73.06. Over the past decade, Enact Holdings' Pretax Margin % has ranged from 42.70 to 82.04. According to the industry distribution chart, Enact Holdings ranks #17 out of 503 companies in the Insurance industry, placing it in the top 3.4%.
Is Enact Holdings' Pretax Margin % too high?
Enact Holdings' current Pretax Margin % of 68.37% is near median its 10-year median of 73.06. Over the past 10 years, this metric has ranged from a low of 42.70 to a high of 82.04. The Insurance industry median Pretax Margin % is 11.90. Enact Holdings' value of 68.37% is 474.5% above this industry median. Based on the distribution chart, Enact Holdings ranks #17 out of 503 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Enact Holdings has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Enact Holdings' Pretax Margin % compare to ESNT and MTG?
According to the Insurance industry distribution chart, Enact Holdings ranks #17 out of 503 companies for Pretax Margin %. This places Enact Holdings in the top 3% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 11.90. Enact Holdings' value of 68.37% is 474.5% above this benchmark. Historically, Enact Holdings' own Pretax Margin % has ranged from 42.70 to 82.04 over the past decade. While the company's 10-year median is 73.06 vs. the industry median of 11.90, Enact Holdings has consistently been above 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 Pretax Margin % for an Insurance company?
The median Pretax Margin % among Insurance companies is 11.90, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Enact Holdings's current Pretax Margin % of 68.37% is 474.5% above 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Enact Holdings and its competitors. For the Insurance industry, the median Pretax Margin % is 11.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enact Holdings's current Pretax Margin % is 68.37%, which is near median its own 10-year median of 73.06. 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?
Enact Holdings (FRA:61W) has a current Pretax Margin % of 68.37%. The stock's GF Value™ is €32.53, compared to a current price of €38.40 — trading 18% above its estimated fair value. The current Pretax Margin % is 68.37%, which is near median its 10-year median of 73.06 and 474.5% above the Insurance industry median of 11.90. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Enact Holdings (FRA:61W), the current Pretax Margin % is 68.37% 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 (FRA:61W) Overvalued in 2026?
Based on GuruFocus' analysis, Enact Holdings stock appears to be overvalued.
The current stock price of €38.40 is trading 18% above its estimated GF Value™ of €32.53.
Key valuation signals for FRA:61W:
Pretax Margin %: 68.37% (near median its 10-year median of 73.06)
GF Value™: €32.53 vs. price of €38.40 (18% above fair value)
Industry Position: 474.5% above the Insurance median (#17 of 503)
No single metric tells the full story. See the FRA:61W 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
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