P/E ratio for Essent Group (ESNT)
P/E ratio as of March 2023 (TTM): 5.00
According to Essent Group's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.99938. At the end of 2021 the company had a P/E ratio of 7.42.
P/E ratio history for Essent Group from 2013 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 7.42 | -33.23% |
| 2020 | 11.1 | 21.33% |
| 2019 | 9.15 | 28.54% |
| 2018 | 7.12 | -33.74% |
| 2017 | 10.7 | -18.65% |
| 2016 | 13.2 | 5.02% |
| 2015 | 12.6 | -48.62% |
| 2014 | 24.5 | 23.9% |
| 2013 | 19.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 NMI Holdings
NMIH | 6.47 | 29.47% | 🇺🇸 USA |
 RenaissanceRe
RNR | -7.81 | -256.25% | 🇧🇲 Bermuda |
 Radian Group
RDN | 4.98 | -0.35% | 🇺🇸 USA |
 MGIC Investment
MTG | 4.75 | -5.06% | 🇺🇸 USA |
 Assured Guaranty AGO | 11.6 | 132.29% | 🇧🇲 Bermuda |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.