P/E ratio for MGIC Investment (MTG)
P/E ratio as of April 2024 (TTM): 8.16
According to MGIC Investment 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.15601. At the end of 2022 the company had a P/E ratio of 4.60.
P/E ratio history for MGIC Investment from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 4.60 | -40.03% |
| 2021 | 7.67 | -19.49% |
| 2020 | 9.53 | 28.3% |
| 2019 | 7.43 | 30.23% |
| 2018 | 5.70 | -60.23% |
| 2017 | 14.3 | 40.82% |
| 2016 | 10.2 | 297.85% |
| 2015 | 2.56 | -79.57% |
| 2014 | 12.5 | -121.9% |
| 2013 | -57.2 | 9765.41% |
| 2012 | -0.5797 | -62.35% |
| 2011 | -1.54 | -64.65% |
| 2010 | -4.35 | 699.03% |
| 2009 | -0.5450 | -29.52% |
| 2008 | -0.7733 | -29.05% |
| 2007 | -1.09 | -111.66% |
| 2006 | 9.35 | -3.14% |
| 2005 | 9.65 | -20.73% |
| 2004 | 12.2 | 7.12% |
| 2003 | 11.4 | 67.04% |
| 2002 | 6.80 | -33.47% |
| 2001 | 10.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 American International Group AIG | 12.2 | 49.03% | 🇺🇸 USA |
 NMI Holdings
NMIH | 8.22 | 0.74% | 🇺🇸 USA |
 Essent Group ESNT | 8.58 | 5.15% | 🇧🇲 Bermuda |
 MBIA MBI | -1.26 | -115.40% | 🇺🇸 USA |
 Radian Group
RDN | 7.69 | -5.68% | 🇺🇸 USA |
 Old Republic International
ORI | 9.50 | 16.48% | 🇺🇸 USA |
 Hilltop Holdings HTH | 18.4 | 125.68% | 🇺🇸 USA |
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.