Enact Holdings Inc (ACT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Enact Holdings Inc stock $44.39, price $46.43, that is 4.4% below the price, quality 76 out of 100. Rating: fairly valued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $15.78 – $50.07 · fair‑value band $37.34 – $59.23 · the $46.43 price screens above the $44.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow Enact Holdings in your weekly email
Every Wednesday you see whether Enact Holdings is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company engages in writing and assuming residential mortgage guaranty insurance.
Show moreShow less
It also offers private mortgage insurance products insuring prime-based, individually underwritten residential mortgage loans; pool mortgage insurance; contract underwriting services; and mortgage-related reinsurance products.
The company serves large money center banks, non-bank lenders, national and local mortgage bankers, community banks, and credit unions. The company was formerly known as Genworth Mortgage Holdings, Inc. and changed its name to Enact Holdings, Inc. in May 2021.
Enact Holdings, Inc. was founded in 1981 and is headquartered in Raleigh, North Carolina. Enact Holdings, Inc. is a subsidiary of Genworth Holdings Inc.
Stock analysis
Enact Holdings Inc (ACT) currently trades at $46.43, while our model-based Fair Value estimate is $44.39, so the stock looks roughly fairly valued today (gap 4.6%).
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $51.53 per share, and 1 of the 6 models we run sit above the $46.43 price.
Bear case: the Dividend Discount group reads lowest at $12.93, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $37.34 (bear) to $59.23 (bull), the price of $46.43 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 76/100 (high quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Enact Holdings Inc reported revenue of $1.2B in FY2025 versus $1.1B in FY2021, a compound +2.4%/yr. Reported net income was $674M in FY2025, compounding +5.4%/yr from FY2021.
Key figures
Market cap $6.5B Mid · P/E ratio 9.8 · P/S ratio 5.20 · EPS (TTM) $4.74 · Dividend yield 1.9% · Net margin 54.5% · Return on equity 12.9% · Return on assets (EBIT) 13.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 76 out of 100 (low confidence).
What moves the price
The share trades about 7% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at −4%, ACT screens richer than that median.
Fair Value models
Bear$37.34Fair Value $44.39Bull$59.23
Price $46.43 · Downside -4.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($3.31 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
SaleJames McMullenController2,500 shares at $41.64$104,100Mar 6, 2026
SaleMichael DerstineEVP and Chief Risk Officer9,000 shares at $42.21$379,890Mar 2, 2026
SaleRobert P Restrepo JrDirector2× since Nov 18, 2025: 15,000 shares, avg. $39.25$588,701Feb 11, 2026
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.1%
Start year 2020 (pandemic)
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.6%
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+8.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.1%
Dividend (yield on the price)1.9%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.42% → 70%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−7.2%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −9.4% a year for the price and −0.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Moderate profitability is supported by ongoing risk distribution in mortgage insurance, yet thin public signals leave evidence of a durable moat weak.
Main risk: Concentrated exposure to US mortgage credit risk leaves performance tied to housing cycles and would hit loss reserves if defaults increase.
Enact continues to expand its credit risk transfer program through a new forward quota share reinsurance agreement that cedes about 35 percent of selected new insurance written for 2028. This builds on prior transactions and reflects a consistent focus on distributing risk in the mortgage insurance business. Does the added reinsurance primarily strengthen resilience against housing downturns or mainly reduce net premiums earned going forward?
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Specialty · 23 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside−4.4% · Below median
Profitability
Return on equity (12 months)12.9% · Below median
Return on assets9.8% · Top 25%
Net margin (12 months)54.5% · Top 25%
Operating margin (12 months)73.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)4.1% · Below median
Dividend yield (12 months)1.9% · Bottom 25%
Balance sheet
Debt / equity0.14× · Below median
Valuation Multiplesvs Insurance - Specialty median · lower = cheaper
P/E (12 months)9.8× · Pricier than median
P/B1.22× · Cheaper than median
P/S (12 months)5.20× · Priciest 25%
Price / free cash flow (fiscal year)9.0× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Enact Holdings Inc (ACT) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $44.39 versus a price of $46.43, about 4% lower (fairly valued).
What is the fair value of ACT?
Our model-based fair value for Enact Holdings Inc is $44.39 (as of Nov 8, 2026), built from audited fundamentals. The current price: $46.43.
What is the quality score of ACT?
Enact Holdings Inc has a Quality Score of 76/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Enact Holdings Inc (ACT)?
Our model-based price target is the fair value of $44.39 (as of Nov 8, 2026) from 6 valuation models. Cautious scenario $37.34, optimistic scenario $59.23. It is a calculation from audited fundamentals, not an analyst target.
What is the Enact Holdings Inc stock forecast for 2026?
Our models put fair value at $44.39, about 4% lower versus a price of $46.43 (fairly valued). Cautious scenario $37.34, optimistic scenario $59.23. The calculation is refreshed regularly with new filings.
What is the revenue of Enact Holdings Inc (ACT)?
Enact Holdings Inc reported trailing-twelve-month revenue of about $1.3B (latest available figure, as of Nov 8, 2026).
Does Enact Holdings Inc pay a dividend?
Enact Holdings Inc currently shows a dividend yield of 1.87% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Enact Holdings Inc (ACT) and when is the ex-dividend date?
Enact Holdings Inc pays a dividend of $0.87 per share a year, a dividend yield of 1.9%. The last ex-dividend date was Aug 20, 2026. A dividend has been paid every year since at least 2021. The payout ratio is 18.4% of earnings. Free cash flow covers the dividend 6.06 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Enact Holdings Inc (ACT)?
For today's price to be fair in a discounted-cash-flow model, Enact Holdings Inc would have to grow free cash flow by -7.2 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of ACT use?
Our models discount Enact Holdings Inc at 8.5 %: a base by market capitalisation (mid), damped by beta 0.44, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Enact Holdings Inc that is -7.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Enact Holdings Inc (ACT) delivered so far?
Over the past 5 years revenue at Enact Holdings Inc grew +2.2 % a year. The price currently implies free-cash-flow growth of -7.2 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Enact Holdings Inc (ACT) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Enact Holdings Inc (-7.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Enact Holdings Inc (ACT)?
The free-cash-flow yield on the price is 11.12 %: that much free cash flow Enact Holdings Inc produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Enact Holdings Inc (ACT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Enact Holdings Inc it is $44.39 per share (as of Nov 8, 2026), against a price of $46.43. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Enact Holdings Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, ACT trades above its calculated fair value: price $46.43, fair value $44.39, a gap of about −4% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ACT?
No. The price is what the market pays today ($46.43); the fair value is what the company's own numbers justify ($44.39). For Enact Holdings Inc the two are $2.04 per share apart. That gap is exactly why we show both numbers side by side.
How much is Enact Holdings Inc worth?
The market values Enact Holdings Inc at about $6.5B (market capitalisation, as of Nov 8, 2026). Per share that is $46.43; our models calculate a fair value of $44.39 per share.
What do the bullish and bearish scenarios say about ACT?
Our models span a range for Enact Holdings Inc: cautious scenario $37.34, base $44.39, optimistic $59.23 per share (as of Nov 8, 2026, price $46.43). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ACT?
Enact Holdings Inc trades at a price-to-earnings ratio of 9.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $44.39 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings, FY2025 ex one-offs: 7.0. Other multiples: P/B 1.2, P/S 5.2, EV/EBITDA 7.4.
How solid is the balance sheet of Enact Holdings Inc (ACT)?
Balance-sheet figures for Enact Holdings Inc (as of Nov 8, 2026): return on equity 12.9%, debt of 0.14 per unit of equity. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is ACT from its 52-week high?
Enact Holdings Inc trades at $46.43, about 7% below its 52-week high of $50.07 and 28% above the low of $36.15 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $44.39 is for.
Which stocks are comparable to Enact Holdings Inc?
From the same area (Financial Services) we also value Fidelity National Financial, Inc, Medibank Private Limited, AXIS Capital Holdings, First American Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Enact Holdings Inc stock attractive at the current price?
The data as of Nov 8, 2026: price $46.43, calculated fair value $44.39 (−4%), Quality Score 76/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ACT calculated?
We run Enact Holdings Inc through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $44.39 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Enact Holdings Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Enact Holdings Inc (ACT)?
The closing price on Nov 6, 2026 was $46.43. Our model-based fair value is $44.39, about 4% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Enact Holdings Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Enact Holdings Inc
How large is the market capitalisation of Enact Holdings Inc (ACT)?
The market capitalisation of Enact Holdings Inc is $6.5B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Enact Holdings Inc (ACT)?
The price-to-sales ratio of Enact Holdings Inc is 5.20 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Enact Holdings Inc (ACT)?
Earnings per share at Enact Holdings Inc are $4.74 (price ÷ EPS = P/E 9.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Enact Holdings Inc (ACT)?
The dividend yield of Enact Holdings Inc is 1.9% (payout 18.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Enact Holdings Inc (ACT)?
The net margin of Enact Holdings Inc is 54.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Enact Holdings Inc (ACT)?
The return on equity (ROE) of Enact Holdings Inc is 12.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Enact Holdings Inc (ACT)?
On an EBIT basis the return on assets of Enact Holdings Inc is 13.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Enact Holdings Inc (ACT)?
The operating margin of Enact Holdings Inc is 73.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Enact Holdings Inc (ACT)?
Revenue at Enact Holdings Inc is growing +4.1% versus a year earlier (3y avg +4.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Enact Holdings Inc (ACT)?
Earnings per share at Enact Holdings Inc are growing +12.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Enact Holdings Inc (ACT) carry?
The net debt of Enact Holdings Inc is $162M (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Enact Holdings Inc in the live analysis
One click puts Enact Holdings Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 8, 2026