MGIC Investment Corporation Ratios | P/E, ROE & Valuation

On the Key Ratios page for MGIC Investment Corporation (MTG), the latest P/E of 9.7 frames valuation, while ROE 13.90% and ROIC 11.33% indicates profitability and capital efficiency. Together with the current ratio of 37.66 and debt-to-equity 0.13, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

MTG Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$5.70$4.62$4.07$3.83$3.55$3.53$3.44$2.99$2.94$3.10
Net Income per Share$3.37$2.92$2.51$2.83$1.90$1.31$1.91$1.78$0.98$1.00
Operating Cash Flow per Share$3.37$2.77$2.51$2.13$2.08$2.15$1.73$1.45$1.12$0.64
Free Cash Flow per Share$3.37$2.77$2.51$2.11$2.07$2.14$1.71$1.41$1.08$0.61
Cash per Share$28.15$23.24$1.28$1.07$0.85$0.85$0.46$0.40$0.28$0.45
Book Value per Share$23.88$19.83$17.88$15.18$18.48$17.98$15.30$9.53$8.71$7.43
Tangible Book Value per Share$23.85$19.78$17.83$15.12$-0.68$-1.17$-0.60$10.03$9.24$8.28
Interest Debt per Share$3.25$2.60$2.40$2.32$3.64$3.83$2.51$2.35$2.45$3.60
CAPEX per Share$0.01$0.00$0.01$0.01$0.01$0.01$0.02$0.04$0.04$0.03

MTG Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)9.678.137.674.597.599.567.425.8714.3710.2
Price to Book (P/B)1.31.21.080.860.990.911.161.11.621.37
Price to Sales (P/S)5.335.144.743.394.073.564.123.54.83.29
Enterprise Value to EBITDA7.386.475.93.626.057.725.977.586.457.14
EV to Sales5.695.484.983.684.794.354.674.15.484.25
EV to Operating Cash Flow9.619.138.076.638.167.139.38.4714.3720.57
EV to Free Cash Flow9.639.158.096.678.217.169.398.714.9621.6
Enterprise Value$6.81B$6.62B$5.75B$4.31B$5.68B$5.22B$5.67B$4.61B$5.84B$4.52B

MTG Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)13.90%14.75%14.06%18.64%13.06%9.49%15.64%18.71%11.28%13.44%
Return on Invested Capital (ROIC)11.33%12.92%16.60%16.32%10.16%6.94%12.19%16.14%9.58%10.20%
Return on Tangible Assets10.86%11.67%10.93%13.97%69.16%52.69%108.46%11.43%6.12%5.69%
Earnings Yield10.86%12.30%13.03%21.76%13.17%10.46%13.48%17.05%6.96%9.80%
Free Cash Flow Yield11.10%11.67%13.00%16.27%14.36%17.09%12.08%13.49%7.64%5.98%
Dividend Yield2.00%2.10%2.25%2.79%1.95%1.92%0.84%0.00%0.00%0.00%

MTG Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio37.6614.6101.430.430.490.344.243.142.44
Interest Coverage26.1228.2130.4423.6811.129.2315.916.9314.7510.08
Income Quality10.9510.751.11.640.90.811.140.64
Debt to Equity0.130.120.130.140.240.260.190.230.260.46
Debt to Assets9.91%9.85%9.84%10.67%15.65%16.90%13.37%14.65%14.78%20.56%
Net Debt to EBITDA0.480.410.290.280.921.410.711.120.811.62

MTG Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover17.1611.08403.881357.3917.7212.6256.112.310.029.85
Payables Turnover0000000000
Inventory Turnover00000000.030.030.03
Days Sales Outstanding21.2832.950.90.2720.628.936.5129.6736.4337.05
Days Payables Outstanding0000000000
Days of Inventory on Hand000000010685.2311542.9611499.13

MTG Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA7.386.475.93.626.057.725.977.586.457.14
Market Cap$6.37B$6.20B$5.47B$3.98B$4.82B$4.27B$5.00B$3.93B$5.11B$3.49B
Enterprise Value$6.81B$6.62B$5.75B$4.31B$5.68B$5.22B$5.67B$4.61B$5.84B$4.52B
Dividend Yield2.00%2.10%2.25%2.79%1.95%1.92%0.84%0.00%0.00%0.00%
Payout Ratio19.02%17.10%17.25%12.82%14.84%18.40%6.22%0.00%0.00%0.00%

Frequently Asked Questions

How does MGIC Investment Corporation’s P/E ratio compare with its history?

On this page, MTG's current P/E is 9.7, compared with a multi-year average around 8.5. A higher P/E versus its own history is a calculated premium versus that average—not a conclusion that the stock is expensive. Cross-check profitability (ROE/ROIC), liquidity (current ratio), and leverage (debt-to-equity) so the multiple is read with those published figures.

What is MGIC Investment Corporation market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $6.37B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does MGIC Investment Corporation’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with MGIC Investment Corporation's own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does MGIC Investment Corporation compare to its competitors in key financial ratios?

The fastest way to compare MGIC Investment Corporation with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see MGIC Investment Corporation outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do MGIC Investment Corporation's liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that MGIC Investment Corporation is financially strong. Current ratio is about 37.66, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 26.12, implying a stronger ability to cover interest expenses. Debt-to-equity is about 0.13, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do MGIC Investment Corporation's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If MGIC Investment Corporation is sustaining strong returns (for example ROE at 13.90% and ROIC at 11.33%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.