Enact HoldingsACT +1.43%75 Return-on-Tangible-Asset is 9.69% as of Mar. 2026, which is 11% below its 10-year median of 10.83. GuruFocus rates ACT with a GF Score™ of 75/100 and a GF Value™ of $38.40 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 511 Insurance companies, Enact Holdings ranks better than 90.22% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Enact Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was $671 Mil. Enact Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was $6,928 Mil. Therefore, Enact Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 9.69%.
The historical rank and industry rank for Enact Holdings's Return-on-Tangible-Asset or its related term are showing as below:
ACT'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 7.29 Med: 10.83 Max: 15.05
Current: 9.88
During the past 7 years, Enact Holdings's highest Return-on-Tangible-Asset was 15.05%. The lowest was 7.29%. And the median was 10.83%.
ACT's Return-on-Tangible-Asset is ranked better than 90.22% of 511
companies
in the Insurance industry
Industry Median: 2.78
vs ACT: 9.88
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Enact Holdings Return-on-Tangible-Asset Related Terms
Enact Holdings Return-on-Tangible-Asset Historical Data
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The historical data trend for Enact Holdings's Return-on-Tangible-Asset 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: Return-on-Tangible-Asset Comparison
For the Insurance - Specialty subindustry, Enact Holdings's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Enact Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where Enact Holdings's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 9.69% mean?
Enact Holdings (ACT) has a Return-on-Tangible-Asset of 9.69% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Enact Holdings and its competitors. This is 11% below median its historical median of 10.83. Over the past decade, Enact Holdings' Return-on-Tangible-Asset has ranged from 7.29 to 15.05. According to the industry distribution chart, Enact Holdings ranks #50 out of 511 companies in the Insurance industry, placing it in the top 9.8%.
Is Enact Holdings' Return-on-Tangible-Asset too high?
Enact Holdings' current Return-on-Tangible-Asset of 9.69% is 11% below median its 10-year median of 10.83. Over the past 10 years, this metric has ranged from a low of 7.29 to a high of 15.05. The Insurance industry median Return-on-Tangible-Asset is 2.78. Enact Holdings' value of 9.69% is 248.6% above this industry median. Based on the distribution chart, Enact Holdings ranks #50 out of 511 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 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enact Holdings' Return-on-Tangible-Asset compare to ESNT and MTG?
According to the Insurance industry distribution chart, Enact Holdings ranks #50 out of 511 companies for Return-on-Tangible-Asset. This places Enact Holdings in the top 10% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 2.78. Enact Holdings' value of 9.69% is 248.6% above this benchmark. Historically, Enact Holdings' own Return-on-Tangible-Asset has ranged from 7.29 to 15.05 over the past decade. While the company's 10-year median is 10.83 vs. the industry median of 2.78, 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 Return-on-Tangible-Asset for an Insurance company?
The median Return-on-Tangible-Asset among Insurance companies is 2.78, based on 511 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Enact Holdings's current Return-on-Tangible-Asset of 9.69% is 248.6% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on Enact Holdings and its competitors. For the Insurance industry, the median Return-on-Tangible-Asset is 2.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enact Holdings's current Return-on-Tangible-Asset is 9.69%, which is 11% below median its own 10-year median of 10.83. 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 $38.40, compared to a current price of $45.19 — trading 17.7% above its estimated fair value. The current Return-on-Tangible-Asset is 9.69%, which is 11% below median its 10-year median of 10.83 and 248.6% above the Insurance industry median of 2.78. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For Enact Holdings (ACT), the current Return-on-Tangible-Asset is 9.69% 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 $45.19 is trading 17.7% above its estimated GF Value™ of $38.40.
GuruFocus considers Enact Holdings to be Modestly Overvalued.
Key valuation signals for ACT:
Return-on-Tangible-Asset: 9.69% (11% below median its 10-year median of 10.83)
GF Value™: $38.40 vs. price of $45.19 (17.7% above fair value)
Industry Position: 248.6% above the Insurance median (#50 of 511)
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
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