Pricing Log in Create free account
Friday 6 November 2026 Export ACT’s income statement to Excel — free account

Enact Holdings, Inc.

ACT Financial Insurance Specialty

Enact Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, up 2.83% from fiscal 2024.

Revenue
+0.45%
EPS
+4.50%
Free cash flow
−4.21%
Total debt
+0.20%

Quarter to September 2026, against a year earlier

46.83 0.94 −1.97%
Market cap
$6.6B
P/E
9.9×
Fwd P/E
9.8×
Dividend yield
1.88%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Enact Holdings, Inc. (ACT) valuation and DCF model

What the price implies · reverse DCF

At $46.83 the price implies 18.5% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew −21.3% a year over the last five years. The price asks for 39.9 points a year more than its five-year rate. Return on equity averaged 14.5% over ten years; the price implies 10.5% for good.

In December 2021 the price assumed −7.2% a year; Enact Holdings, Inc. went on to grow the dividend a share 5.4% a year to FY2025.

Price implies
18.5%
Last 5 years, reported
−21.3%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
18.5% a year for ten years
$46.83
today’s price
Its base case
−10.0% a year for five years, then −6.0%
$6.26
86.6% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Enact Holdings, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 18.5% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Enact Holdings, Inc.’s own cost of capital: risk-free 4.3% + beta 0.47 × equity premium 4.5% = 6.4% cost of equity; after-tax cost of debt 5.3%; weighted, 6.3%.

Use 6.3%
Base case value per share $6.26 ten years discounted, and what follows
Current price $46.83 market price per share
Below today’s price 86.6% downside at the base case’s assumptions

How we got there$3.70 10 years of dividends+$2.56 terminal value=$6.26 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Insurance Specialty).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 9.91× 7.70× 7.26× 37% above 9.49× 4% above
P/FCF 9.20× 7.80× 6.78× 36% above 8.44× 9% above
P/B 1.26× 1.07× 0.96× 32% above 1.23× 2% above
EV/EBITDA — 5.33× 5.33× — 3.38× —
EV/Sales — 4.09× 3.76× — 3.90× —
P/E P/FCF P/B EV/EBITDA EV/Sales
4.37×5.12×5.88×6.63×10Y avg 5.33×20212022202320242025

EV/EBITDA has no reading today; its 10-year average is 5.33×.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.