MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. The company offers primary mortgage 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. It also provides contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders. MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.
P/E ratio for MGIC Investment Corporation (MTG)
P/E ratio as of 2023: 7.67
According to MGIC Investment Corporation's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.67. At the end of 2022 the company had a P/E ratio of 4.59.
P/E ratio history for MGIC Investment Corporation from 1991 to 2023
PE ratio at the end of each year
| Year | P/E ratio |
|---|---|
| 2023 | 7.67 |
| 2022 | 4.59 |
| 2021 | 7.59 |
| 2020 | 9.56 |
| 2019 | 7.42 |
| 2018 | 5.87 |
| 2017 | 14.37 |
| 2016 | 10.20 |
| 2015 | 2.56 |
| 2014 | 12.52 |
| 2013 | -57.19 |
| 2012 | -0.58 |
| 2011 | -1.54 |
| 2010 | -5.62 |
| 2009 | -0.54 |
| 2008 | -0.74 |
| 2007 | -1.09 |
| 2006 | 9.34 |
| 2005 | 9.71 |
| 2004 | 12.15 |
| 2003 | 11.39 |
| 2002 | 6.81 |
| 2001 | 10.35 |
| 2000 | 13.35 |
| 1999 | 13.84 |
| 1998 | 11.57 |
| 1997 | 23.92 |
| 1996 | 17.51 |
| 1995 | 15.54 |
| 1994 | 12.27 |
| 1993 | 13.55 |
| 1992 | 14.62 |
| 1991 | 15.58 |