Enact Holdings, Inc.

AI-generated fair value estimate for this company.

Method: Residual income / justified price-to-book model: return on equity of 12.56% (FY2025 net income of $674.24M on book equity of approximately $5,369M), 10% cost of equity, 3% long-term growth, giving a justified P/B of 1.37x applied to book value per share of $39.06; 137.48M shares outstanding.

Reasoning: Enact is a private mortgage insurer whose earnings and distributable capital are governed by PMIERs regulatory capital requirements, so a residual-income/justified-P/B framework captures intrinsic value more reliably than a plain unlevered FCF DCF.