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MTG (MGIC Investment) Price-to-Tangible-Book : 1.28 (As of Oct. 31, 2024)


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What is MGIC Investment Price-to-Tangible-Book?

As of today (2024-10-31), MGIC Investment's share price is $25.04. MGIC Investment's Tangible Book per Share of Jun. 2024 for the quarter that ended in Jun. 2024 was $19.58. Hence, MGIC Investment's Price to Tangible Book Ratio of today is 1.28.

The historical rank and industry rank for MGIC Investment's Price-to-Tangible-Book or its related term are showing as below:

MTG' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.51   Med: 1.09   Max: 3.12
Current: 1.28

During the past 13 years, MGIC Investment's highest Price to Tangible Book Ratio was 3.12. The lowest was 0.51. And the median was 1.09.

MTG's Price-to-Tangible-Book is ranked better than
54.39% of 456 companies
in the Insurance industry
Industry Median: 1.415 vs MTG: 1.28

A closely related ratio is called PB Ratio. As of today, MGIC Investment's share price is $25.04. MGIC Investment's Book Value per Sharefor the quarter that ended in Jun. 2024 was $19.58. Hence, MGIC Investment's P/B Ratio of today is 1.28.


MGIC Investment Price-to-Tangible-Book Historical Data

The historical data trend for MGIC Investment's Price-to-Tangible-Book 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.

* Premium members only.

MGIC Investment Price-to-Tangible-Book Chart

MGIC Investment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.14 0.90 0.95 0.82 1.04

MGIC Investment Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 0.96 1.04 1.18 1.10

Competitive Comparison of MGIC Investment's Price-to-Tangible-Book

For the Insurance - Specialty subindustry, MGIC Investment's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.


MGIC Investment's Price-to-Tangible-Book Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, MGIC Investment's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where MGIC Investment's Price-to-Tangible-Book falls into.



MGIC Investment Price-to-Tangible-Book Calculation

MGIC Investment's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Jun. 2024 )
=25.04/19.576
=1.28

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


MGIC Investment Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of MGIC Investment's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.


MGIC Investment Business Description

Traded in Other Exchanges
Address
250 E. Kilbourn Avenue, MGIC Plaza, Milwaukee, WI, USA, 53202
MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.
Executives
Michael Leal Thompson director 4 BRIDGET COURT, BURR RIDGE IL 60527
Analisa M Allen director 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Teresita M. Lowman director 2235 ENTERPRISE STREET #110, ESCONDIDO CA 92029
Jodee A Kozlak director 1000 NICOLLET MALL, TPS-3255, MINNEAPOLIS MN 55403
Jay C. Hartzell director 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Sheryl L. Sculley director 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Gary A. Poliner director C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Daniel A. Arrigoni director C/O MGIC INVESTMENT CORPORATION, 250 E KILBOURN AVE, MILWAUKEE WI 53202
James J. Hughes officer: SVP-Sales & Bus. Development C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Michael E Lehman director
Julie K. Sperber officer: VP-Controller & Chief Acct Off MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Patrick Sinks officer: Executive Vice President 250 E KILBOURN AVE, MILWAUKEE WI 53202
Steven M. Thompson officer: EVP&CRO-Mort Gty Ins Corp 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Nathaniel H Colson officer: Executive Vice President & CFO C/O MGIC INVESTMENT CORPORATION, 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202
Robert J Candelmo officer: SVP-Chief Information Officer 250 EAST KILBOURN AVENUE, MILWAUKEE WI 53202