Essent Group Ltd. (ESNT) intrinsic value & 10-year financials
Essent Group Ltd. (ESNT) has a Graham intrinsic value of $198.23 per share. At $64.70 on Oct 17, 2026, the stock trades 67% below that value. Over the last 10 fiscal years revenue grew 11.9% a year to $1.3B, with an average return on invested capital of 17.1%.
- Graham intrinsic value
- $198.23
- Share price (Oct 17, 2026)
- $64.70
- Price vs Graham value
- 67% below
- Market cap
- $6.5B
- Revenue (FY2025)
- $1.3B
- Revenue growth (10-yr CAGR)
- 11.9%
- ROIC (10-yr avg)
- 17.1%
- Free cash flow (FY2025)
- $848.7M
ESNT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.3B | $690.0M | $6.90 | $848.7M | — | 12.1% |
| FY2024 | $1.2B | $729.4M | $6.85 | $854.8M | — | 13.6% |
| FY2023 | $1.1B | $696.4M | $6.50 | $759.0M | — | 14.6% |
| FY2022 | $1.0B | $831.4M | $7.72 | $584.8M | — | 19.1% |
| FY2021 | $1.0B | $681.8M | $6.11 | $706.8M | — | 16.8% |
| FY2020 | $955.2M | $413.0M | $3.88 | $725.5M | — | 12.1% |
| FY2019 | $867.6M | $555.7M | $5.66 | $586.4M | — | 20.8% |
| FY2018 | $719.4M | $467.4M | $4.77 | $621.3M | — | 21.7% |
| FY2017 | $576.5M | $379.7M | $3.99 | $365.8M | — | 23.1% |
| FY2016 | $458.3M | $222.6M | $2.41 | $270.3M | — | 16.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Essent Group Ltd. is a consistent compounder, expanding top-line revenue at 11.9% annually over the past decade.
Essent Group Ltd. 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
Essent Group Ltd. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Essent Group Ltd. is modeled at 12.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $198.23 per share.