Fidelity National Financial, Inc.

NYSE:FNF Stock Report

Market Cap: US$13.7b

Fidelity National Financial Valuation

Is FNF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • PM vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FNF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FNF ($50.06) is trading below our estimate of fair value ($144.87)

Significantly Below Fair Value: FNF is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for FNF?

Other financial metrics that can be useful for relative valuation.

FNF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.6x

Price to Earnings Ratio vs Peers

How does FNF's PE Ratio compare to its peers?

The above table shows the PE ratio for FNF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average11.1x
CNA CNA Financial
10x8.7%US$12.1b
CINF Cincinnati Financial
9.6x-27.9%US$17.7b
L Loews
11.7xn/aUS$16.7b
ORI Old Republic International
13.1x12.8%US$7.8b
FNF Fidelity National Financial
26.4x44.3%US$13.7b

Price-To-Earnings vs Peers: FNF is expensive based on its Price-To-Earnings Ratio (26.4x) compared to the peer average (11.1x).


Price to Earnings Ratio vs Industry

How does FNF's PE Ratio compare vs other companies in the US Insurance Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.9%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.9%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: FNF is expensive based on its Price-To-Earnings Ratio (26.4x) compared to the US Insurance industry average (14.3x).


Price to Earnings Ratio vs Fair Ratio

What is FNF's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FNF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.4x
Fair PE Ratio36.5x

PM vs Fair Ratio: FNF is good value based on its Price-To-Earnings Ratio (26.4x) compared to the estimated Fair Price-To-Earnings Ratio (36.5x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst FNF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$50.06
US$57.33
+14.5%
7.9%US$64.00US$51.00n/a6
Feb ’25US$50.64
US$55.50
+9.6%
8.4%US$64.00US$50.00n/a6
Jan ’25US$51.02
US$50.20
-1.6%
7.1%US$55.00US$44.00n/a5
Dec ’24US$44.96
US$49.20
+9.4%
7.9%US$55.00US$44.00n/a5
Nov ’24US$40.33
US$47.50
+17.8%
6.7%US$52.00US$43.00n/a4
Oct ’24US$41.30
US$47.75
+15.6%
6.7%US$52.00US$43.00n/a4
Sep ’24US$41.95
US$48.25
+15.0%
5.2%US$52.00US$45.00n/a4
Aug ’24US$39.32
US$45.00
+14.4%
6.1%US$48.00US$41.00n/a4
Jul ’24US$36.00
US$44.33
+23.1%
6.5%US$48.00US$41.00n/a3
Jun ’24US$34.47
US$44.33
+28.6%
6.5%US$48.00US$41.00n/a3
May ’24US$35.33
US$48.00
+35.9%
8.4%US$56.00US$45.00n/a5
Apr ’24US$34.93
US$49.00
+40.3%
8.5%US$56.00US$45.00n/a4
Mar ’24US$38.79
US$48.80
+25.8%
7.7%US$56.00US$45.00n/a5
Feb ’24US$43.78
US$51.00
+16.5%
6.9%US$56.00US$47.00US$50.645
Jan ’24US$37.62
US$50.40
+34.0%
6.0%US$56.00US$47.00US$51.025
Dec ’23US$38.54
US$50.60
+31.3%
5.5%US$56.00US$48.00US$44.965
Nov ’23US$40.14
US$56.60
+41.0%
13.8%US$68.00US$48.00US$40.335
Oct ’23US$36.20
US$57.60
+59.1%
13.7%US$68.00US$48.00US$41.305
Sep ’23US$39.44
US$58.20
+47.6%
12.5%US$68.00US$48.00US$41.955
Aug ’23US$39.58
US$57.40
+45.0%
11.6%US$66.00US$48.00US$39.325
Jul ’23US$37.69
US$60.00
+59.2%
14.2%US$73.00US$48.00US$36.005
Jun ’23US$42.32
US$62.20
+47.0%
10.0%US$73.00US$54.00US$34.475
May ’23US$39.82
US$63.80
+60.2%
10.9%US$73.00US$54.00US$35.335
Apr ’23US$46.96
US$66.20
+41.0%
8.0%US$74.00US$59.00US$34.935
Mar ’23US$46.34
US$69.40
+49.8%
6.9%US$75.00US$63.00US$38.795
Feb ’23US$50.81
US$67.20
+32.3%
6.7%US$75.00US$63.00US$43.785

Analyst Forecast: Target price is less than 20% higher than the current share price.


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