ACT (Enact Holdings) Scaled Net Operating Assets: 0.53 (As of Mar. 2026)


ACT Enact Holdings Inc ACT
77 GF Score
Price $44.64
GF Value $38.39
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Enact Holdings Scaled Net Operating Assets?

Enact Holdings ACT +0.88% 77 Scaled Net Operating Assets is 0.53 as of Mar. 2026. GuruFocus rates ACT with a GF Score™ of 77/100 and a GF Value™ of $38.39 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Enact Holdings's operating assets for the quarter that ended in Mar. 2026 was $4,496 Mil. Enact Holdings's operating liabilities for the quarter that ended in Mar. 2026 was $874 Mil. Enact Holdings's Total Assets for the quarter that ended in Dec. 2025 was $6,893 Mil. Therefore, Enact Holdings's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.53.

ACT
77GF Score
Enact Holdings Inc ACT
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Enact Holdings Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Enact Holdings's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(6310.973-793.804)/6521.531
=0.85

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6893.466 - 582.493
=6310.973

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1538.285 - 744.481 - 0
=793.804

Enact Holdings's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(4495.823-873.601)/6893.466
=0.53

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=6962.002 - 2466.179
=4495.823

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1618.454 - 744.853 - 0
=873.601

* 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.

What does a Scaled Net Operating Assets of 0.53 mean?
Enact Holdings (ACT) has a Scaled Net Operating Assets of 0.53 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Enact Holdings and its competitors.
Is Enact Holdings' Scaled Net Operating Assets too high?
Enact Holdings' current Scaled Net Operating Assets is 0.53. Overall, Enact Holdings has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enact Holdings' Scaled Net Operating Assets compare to ESNT and MTG?
Enact Holdings' Scaled Net Operating Assets of 0.53 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 Scaled Net Operating Assets for an Insurance company?
A good Scaled Net Operating Assets depends on the Insurance industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Enact Holdings and its competitors. Enact Holdings's current Scaled Net Operating Assets is 0.53. 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 $38.39, compared to a current price of $44.64 — trading 16.3% above its estimated fair value. The current Scaled Net Operating Assets is 0.53. Enact Holdings' overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Enact Holdings (ACT), the current Scaled Net Operating Assets is 0.53 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 $44.64 is trading 16.3% above its estimated GF Value™ of $38.39. GuruFocus considers Enact Holdings to be Modestly Overvalued.

Key valuation signals for ACT:

  • Scaled Net Operating Assets: 0.53
  • GF Value™: $38.39 vs. price of $44.64 (16.3% above fair value)
  • GF Score™: 77/100 with 6 warning signs

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 Business Description

Address 8325 Six Forks Road, Raleigh, NC, USA, 27615
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.
77GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$44.64
Price
$38.39
GF Value