MGIC Investment (MTG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

MGIC Investment

NYSE•Financial Services•Insurance - Specialty

$29.69+0.02(<0.01%)Market closed

Market Cap

$6.23B

P/E

8.8x

P/S

5.2x

P/B

1.2x

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services in the United States, the District of Columbia, Puerto Rico, and Guam. The company offers primary insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure on the mortgage or sale of the underlying property. It also provides contract underwriting services, as well as reinsurance services. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. The company was founded in 1957 and is headquartered in Milwaukee, Wisconsin.

How this company scores

AverageMetricSide Score: 58/100

Strongest: Profitability (17/25); weakest: Growth (9/25).

Profitability17/25

Growth9/25

Balance Sheet & Red Flags16/25

Cash & Earnings Quality16/25

Strengths

Strong marginsLow leverageConsistent free cash flowImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 8.8x5y range 4.4x – 8.9x

Currently near its 20-quarter median.

P/S · 5.2x5y range 3.3x – 5.6x

Currently near its 20-quarter median.

P/B · 1.2x5y range 0.8x – 1.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Margin Pressure

Watch

Operating margins declined 7.0% — watch for continued compression, which may signal competitive or cost pressure.

Revenue Decline

Watch

Revenue has softened, declining in 5 quarters. Watch for further erosion.

Price & Volume

Market Cap $6.23B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.20B
Q. Revenue: $295.39M
TTM EBITDA: $884.52M
TTM Op. Income: $884.52M
Q. Op. Income: $229.93M
TTM Net Income: $707.85M
Q. Net Income: $182.15M
EPS: $0.87
Shares Out.: $209.92M

$1.20B in TTM revenue declined 1.9% YoY, reaching $295.39M last quarter. TTM EBITDA of $884.52M and TTM operating income of $884.52M show growth is flowing through to the bottom line. TTM net income of $707.85M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 5 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 77.8%
Op. Margin: 77.8%
Net Margin: 61.7%

Op. margin of 77.8% is down 3.0% YoY — costs are rising relative to revenue. Net margin at 61.7% Over the past year, operating margin is down 4% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 8.8x
P/S Ratio: 5.2x
P/B Ratio: 1.2x

At 8.8x P/E, the stock trades below typical market levels. P/S of 5.2x and P/B of 1.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 2% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $6.53B
Cash: $207.28M
Long-Term Debt: $646.87M
Book Value: $5.01B
D/E Ratio: 0.1
Debt/EBITDA: 2.8

With $6.53B in assets and $646.87M in long-term debt, D/E is 0.1and book value is $5.01B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $184.96M
TTM Free Cash Flow: $706.48M
FCF Margin: 59.1%
FCF / Net Income: 1.0

TTM FCF of $706.48M on $184.96M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 8% — an improving trend.