Stocktoria

Fidelity National Financial, Inc. FNF

NYSE · stock · Title Insurance · website · IPO 1987-02-27 · LEI

Fidelity National Financial, Inc. statistics & valuation

Market cap$12.6B
P / E20.9×
P / S0.9×
P / B1.4×
Dividend yield4.34%
Net margin4.2%
Return on equity6.7%
Net debt$1.8B
Enterprise value USD$14.3B
Graham number -15%$40.50

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($40.50); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.00% 10.10% 8.30% 12.50% 13.20% 17.90% 11.20% 4.40% 9.30% 4.20% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
9.40% 17.30% 13.60% 19.70% 16.80% 28.00% 19.70% 6.90% 14.90% 6.70% 2016201720182019202020212022202320242025
Shares outstanding
274.4M 278.0M 277.0M 291.4M 287.0M 277.0M 273.0M 275.0M 272.0M 2016201720182019202020212022202320242025
Net debt ($)
-$336.0M -$351.0M -$421.0M -$538.0M -$57.0M -$1.26B $952.0M $1.12B $842.0M $1.76B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.50% 8.40% 6.80% 9.90% 2.80% 4.60% 2.00% 0.60% 1.30% 0.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.14× 0.17× 0.18× 0.16× 0.31× 0.31× 0.49× 0.52× 0.51× 0.49× 2016201720182019202020212022202320242025
EPS ($)
$2.26 $3.83 $4.99 $9.75 $4.67 $1.91 $4.65 $2.21 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Fidelity National Financial, Inc. trades at about 21.6× earnings — above its 10-year norm (10-year range 4.8×–25.3×, median 11.8×).

4.8× 25.3×

Shaded band = 10-year range (4.8×–25.3×); dot = today's 21.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin4.2%9.3%4.4%11.2%17.9%13.2%12.5%8.3%10.1%9.0%
Return on assets0.6%1.3%0.6%2.0%4.6%2.8%9.9%6.8%8.4%4.5%
Return on equity6.7%14.9%6.9%19.7%28.0%16.8%19.7%13.6%17.3%9.4%
Debt / equity0.49×0.51×0.52×0.49×0.31×0.31×0.16×0.18×0.17×0.14×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.