Question 1

What is Assured Guaranty's P/FCF ratio?

Accepted Answer

Assured Guaranty (AGO) P/FCF ratio is 9.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Assured Guaranty?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Assured Guaranty specifically, the relevant sector benchmark is the current sector median of 11.1×.

Question 5

Is Assured Guaranty's P/FCF ratio high or low?

Accepted Answer

Assured Guaranty's P/FCF ratio of 9.5× is below its own 5-year average of 74.2× and below the sector median of 11.1×. That places the current reading at the 2th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Assured Guaranty's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Assured Guaranty (AGO) P/FCF ratio has ranged from a low of 1.4× in 2009 to a high of 6700.7× in 2005. The 5-year average is 74.2× and the 5-year median is 19.6×.

Question 7

What was Assured Guaranty's P/FCF ratio in 2025?

Accepted Answer

Assured Guaranty (AGO) P/FCF ratio at the end of 2025 was 17.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Assured Guaranty's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$4.39B	$259.00M	17.0×	-79.8×	Dec 31, 2025
2024	$4.55B	$47.00M	96.7×	+87.5×	Dec 31, 2024
2023	$4.27B	$461.00M	9.3×	—	Dec 31, 2023
2022	$3.72B	−$2.48B	—	—	Dec 31, 2022
2021	$3.39B	−$1.94B	—	—	Dec 31, 2021
2020	$2.42B	−$853.00M	—	—	Dec 31, 2020
2019	$4.57B	−$509.00M	—	—	Dec 31, 2019
2018	$4.03B	$462.00M	8.7×	-0.4×	Dec 31, 2018
2017	$3.97B	$433.00M	9.2×	—	Dec 31, 2017
2016	$4.91B	−$141.00M	—	—	Dec 31, 2016
2015	$3.71B	$748.00M	5.0×	-2.3×	Dec 31, 2015
2014	$4.19B	$577.00M	7.3×	-10.3×	Dec 31, 2014
2013	$4.29B	$244.00M	17.6×	—	Dec 31, 2013
2012	$2.76B	−$73.91M	—	—	Dec 31, 2012
2011	$2.40B	$675.62M	3.5×	-27.8×	Dec 31, 2011
2010	$3.26B	$103.99M	31.3×	+16.9×	Dec 31, 2010
2009	$4.01B	$279.17M	14.4×	+11.9×	Dec 31, 2009
2008	$1.04B	$426.99M	2.4×	-3.1×	Dec 31, 2008
2007	$2.13B	$385.85M	5.5×	-1.3×	Dec 31, 2007
2006	$1.79B	$261.57M	6.8×	-3.8×	Dec 31, 2006
2005	$1.87B	$175.81M	10.6×	—	Dec 31, 2005
2004	$1.45B	−$44.58M	—	—	Dec 31, 2004
2003	$1.34B	$200.03M	6.7×	—	Dec 31, 2003


Assurant (AIZ)	7.5×
Progressive (PGR)	7.1×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
Interactive Brokers (IBKR)	6.9×
Invesco (IVZ)	6.9×
American Financial Group (AFG)	6.8×
The Hartford (HIG)	6.5×
Commerce Bancshares (CBSH)	6.4×
Bank of America (BAC)	6.3×
Arch Capital Group (ACGL)	5.9×
JPMorgan Chase (JPM)	5.8×
Travelers Companies (TRV)	5.5×
Principal Financial Group (PFG)	5.5×
Everest Re Group (RE)	5.0×
Allstate (ALL)	4.7×
Everest Re Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
RenaissanceRe Holdings (RNR)	3.0×
MetLife (MET)	2.8×
Synchrony Financial (SYF)	2.4×
Atlantic Union Bankshares (AUB)	2.2×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for Assured Guaranty (AGO)

P/FCF Ratio daily chart for Assured Guaranty (AGO)

Historical P/FCF Ratio for Assured Guaranty (AGO) from 2003 to 2025

About P/FCF Ratio at Assured Guaranty (AGO)

Assured Guaranty P/FCF Ratio by Year

Assured Guaranty P/FCF Ratio 2025: 17.0×

Assured Guaranty P/FCF Ratio 2024: 96.7×

Assured Guaranty P/FCF Ratio 2023: 9.3×

Assured Guaranty P/FCF Ratio 2018: 8.7×

Assured Guaranty P/FCF Ratio 2017: 9.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Assured Guaranty (AGO) Key Financials

P/FCF Ratio daily chart for Assured Guaranty (AGO)

Historical P/FCF Ratio for Assured Guaranty (AGO) from 2003 to 2025

About P/FCF Ratio at Assured Guaranty (AGO)

Assured Guaranty P/FCF Ratio by Year

Assured Guaranty P/FCF Ratio 2025: 17.0×

Assured Guaranty P/FCF Ratio 2024: 96.7×

Assured Guaranty P/FCF Ratio 2023: 9.3×

Assured Guaranty P/FCF Ratio 2018: 8.7×

Assured Guaranty P/FCF Ratio 2017: 9.2×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Assured Guaranty's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Assured Guaranty?

+Is Assured Guaranty's P/FCF ratio high or low?

+What is Assured Guaranty's historical P/FCF ratio range?

+What was Assured Guaranty's P/FCF ratio in 2025?

+Why does Assured Guaranty's P/FCF ratio change over time?

Assured Guaranty (AGO) Key Financials