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MGIC INVESTMENT CORP MTG

NYSE · stock · Surety Insurance · website · IPO 1991-08-06 · LEI

MGIC INVESTMENT CORP statistics & valuation

Market cap$5.9B
P / E8.0×
P / S4.9×
P / B1.1×
P / FCF6.9×
Dividend yield2.25%
Net margin60.8%
Return on equity14.3%
FCF margin70.2%
Graham number +28.4%$39.33

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 ($39.33); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
32.20% 33.40% 59.60% 55.50% 37.20% 53.60% 73.80% 61.70% 63.20% 60.80% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
13.40% 11.30% 18.70% 15.60% 9.50% 13.10% 18.60% 14.10% 14.80% 14.30% 2016201720182019202020212022202320242025
Shares outstanding
432.0M 394.8M 386.1M 373.9M 359.3M 351.3M 311.2M 287.2M 264.0M 235.1M 2016201720182019202020212022202320242025
Net debt ($)
$1.02B $730.5M $679.7M $671.0M $955.2M $862.0M $335.4M $279.5M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
6.00% 6.30% 11.80% 10.80% 6.10% 8.70% 13.90% 10.90% 11.70% 11.10% 2016201720182019202020212022202320242025
Free cash flow margin (%)
20.20% 36.60% 47.20% 49.70% 60.80% 58.40% 55.10% 61.50% 59.90% 70.20% 2016201720182019202020212022202320242025
Debt / equity (×)
0.46× 0.26× 0.23× 0.19× 0.26× 0.24× 0.14× 0.13× 2016201720182019202020212022202320242025
EPS ($)
$0.86 $0.95 $1.78 $1.85 $1.29 $1.85 $2.79 $2.49 $2.89 $3.14 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

MGIC INVESTMENT CORP trades at about 9.8× earnings — above its 10-year norm (10-year range 5.1×–15.6×, median 8.6×).

5.1× 15.6×

Shaded band = 10-year range (5.1×–15.6×); dot = today's 9.8×.

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 margin60.8%63.2%61.7%73.8%53.6%37.2%55.5%59.6%33.4%32.2%
FCF margin70.2%59.9%61.5%55.1%58.4%60.8%49.7%47.2%36.6%20.2%
Return on assets11.1%11.7%10.9%13.9%8.7%6.1%10.8%11.8%6.3%6.0%
Return on equity14.3%14.8%14.1%18.6%13.1%9.5%15.6%18.7%11.3%13.4%
Debt / equity——0.13×0.14×0.24×0.26×0.19×0.23×0.26×0.46×

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