Essent Group's book value per share for the quarter that ended in Mar. 2024 was $48.96.
During the past 12 months, Essent Group's average Book Value Per Share Growth Rate was 13.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 13.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 19.90% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Essent Group was 31.10% per year. The lowest was 11.00% per year. And the median was 22.15% per year.
Essent Group's current price is $55.805. Its book value per share for the quarter that ended in Mar. 2024 was $48.96. Hence, today's PB Ratio of Essent Group is 1.14.
During the past 13 years, the highest P/B Ratio of Essent Group was 3.01. The lowest was 0.68. And the median was 1.71.
Essent Group Book Value per Share Historical Data
The historical data trend for Essent Group's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Essent Group's Book Value per Share
For the Insurance - Specialty subindustry, Essent Group's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Essent Group's PB Ratio Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Essent Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Essent Group's PB Ratio falls into.
Essent Group Book Value per Share Calculation
Essent Group's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Essent Group (NYSE:ESNT) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Essent Group Book Value per Share Related Terms
Thank you for viewing the detailed overview of Essent Group's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Essent Group Ltd is a private mortgage insurance company in the United States. Essent provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.
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