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Enact Holdings, Inc. (ACT) stock analysis

ACTNasdaqInsurance Agents, Brokers & ServiceFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 6/3054% below fair value
$46.16−0.04 (-0.09%)

Close on Nov 11, 2026Market cap $6.35BP/E 9.6Yield 1.77%

StockData Score

Prices as of Nov 11, 2026How the score works

Value4Growth0Performance1Health0Dividend1

Weak6 of 30 checks passed

Enact passes 6 of the 30 checks behind our score; 17 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
4/6
Growth
0/6
Past performance
1/6
Financial health
0/6
Dividend
1/6

What stands out

  • Margin of safety over 20%

    The price is 53.7% below fair value, more than the 20% cushion we look for.

  • Trading below fair value

    The share price of $46.16 is below our fair value estimate of $99.78.

  • Earnings grew over 5 years

    Net income grew 12.7% a year on average over the last five fiscal years.

  • P/E below the industry

    Enact's P/E of 9.6 is below the Insurance Agents, Brokers, and Service median of 30.1.

What to watch

  • Revenue growing under 10% a year

    Revenue grew 4.1% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew 1.6% a year over the last three fiscal years.

  • P/E above its 5-year median

    Enact's P/E of 9.6 is above its own 5-year median of 7.5.

  • P/S above the industry

    Enact's price-to-sales of 5.06 is above the Insurance Agents, Brokers, and Service median of 3.43.

Valuation4/6

  • P/E above its 5-year median

    Enact's P/E of 9.6 is above its own 5-year median of 7.5.

  • P/E below the industry

    Enact's P/E of 9.6 is below the Insurance Agents, Brokers, and Service median of 30.1.

  • P/S above the industry

    Enact's price-to-sales of 5.06 is above the Insurance Agents, Brokers, and Service median of 3.43.

  • P/B below the industry

    Enact's price-to-book of 1.22 is below the Insurance Agents, Brokers, and Service median of 4.81.

  • Trading below fair value

    The share price of $46.16 is below our fair value estimate of $99.78.

  • Margin of safety over 20%

    The price is 53.7% below fair value, more than the 20% cushion we look for.

Growth0/6

  • Revenue growing under 10% a year

    Revenue grew 4.1% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing under 10% a year

    Diluted EPS grew 1.6% a year over the last three fiscal years.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing slower than the industry

    Revenue grew 2.5% over the last twelve months; the Insurance Agents, Brokers, and Service median is 13.8%.

  • Guidance issued

    The latest outlook (Full-Year Capital Return, Aug 5, 2026) was issued for the first time, so it neither adds nor takes away points.

  • Gross margin trend

    Banks and insurers do not report gross profit.

Past performance1/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on assets

    Needs net income and total assets.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings grew over 5 years

    Net income grew 12.7% a year on average over the last five fiscal years.

  • Net margin against its history

    Needs five years of revenue and net income.

  • Net margin against the industry

    Needs revenue and net income.

Financial health0/6

  • Debt level

    Needs debt and equity figures.

  • Debt trend

    Needs a balance sheet from five years ago with positive equity.

  • Debt coverage

    Needs operating cash flow.

  • Interest coverage

    Interest expense is not reported separately.

  • Short-term liquidity

    Insurers do not split assets into current and non-current.

  • Bankruptcy risk (Altman Z)

    The Altman model does not apply to insurers.

Dividend1/6

  • Pays a dividend

    Enact paid dividends worth 1.9% of the share price over the last twelve months.

  • Yield below Treasuries

    The 1.9% yield is below the 4.4% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 3.8% or more; Enact yields 1.9%.

  • Dividend stability

    Fewer than five years of dividend history.

  • Earnings cover

    Needs dividends paid and net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$99.78

The share price is 54% below this estimate.

20%+ below
Near fair value
20%+ above
$46.16Price$99.78Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E18.7×7.5×30.1×$89.8650%
P/B2.9×1.0×4.8×$109.7050%
Fair value$99.78100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 7.5
  • Insurance Agents, Brokers, and Service median 30.1

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Medium risk

Average value traded per day
$19.93M
Value traded per 1% price move
$16.52M

Downside

Low risk

Typical loss in a bad month
8.3%
Volatility (annualized)
23%
Sharpe ratio, 1 year
0.83
Beta to the S&P 500 (5Y)
0.51

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2018 to 2025

Net margin

54.6%+21.1 pts over 5 years

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