Fidelity National Financial Inc (FNF)
Fair ValueFundamental
61
Price
$38.41
Market Cap
$11.02B
Part 1 · What the company is worth
Overview
Fidelity National Financial, Inc., together with its subsidiaries, provides various insurance products in the United States. It operates through Title, F&G, and Corporate and Other segments. The company offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products. It also provides technology and transaction services to the real estate and mortgage industries; and mortgage transaction services, including title-related services and facilitation of production and management of mortgage loans. In addition, the company offers annuity and life insurance products, such as deferred and immediate annuities, as well as indexed universal life insurance products; and funding agreements and pension risk transfer (PRT) solutions. Further, it engages in the real estate brokerage business. Fidelity National Financial, Inc. was incorporated in 2005 and is headquartered in Jacksonville, Florida.
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Direct competitors
Who this company fights with for the same customers
Generated on September 18, 2026 with claude-haiku-4-5 — shared with all users
The largest U.S. title insurance underwriter, competing directly with FNF's Fidelity National Title and Chicago Title for the same residential and commercial closings through the same lender, realtor and agency channels.
Its Old Republic National Title unit holds a market share comparable to FNF's flagship underwriter and bids for the same agency network and lender-driven refinance and purchase volume.
The fourth member of the title insurance "big four", selling the same title policies and escrow and closing services to home buyers, lenders and commercial real estate clients across the United States.
The largest independent underwriter, it wins business by signing up the independent title agencies that FNF also needs to distribute its policies at the local level.
A privately held national underwriter that competes for the same agency and lender relationships and has been taking share from the big four in residential closings.
Balance Sheet & Liquidity
Revenue
$2.21B
Trailing 12 months (through 6/30/2026)
Net Income
$772M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
-
Total Equity
$7.42B
Total Liabilities
$100.04B
Current Ratio
0.35
Interest Coverage
-
Debt/EBITDA
1.97
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$35.81
Current Price
$38.41
Margin of Safety
-7.3%
Fair Value Range
$23.28 - $48.35
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
13.47
ROE
8.1%
P/B Ratio
1.39
P/FCF
-
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
6.8%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (11)
- EPS shows upward trend
- Price CAGR 6.86%
- P/B Ratio 1.39
- Debt/EBITDA
- Low reliance on intangibles
- Price below Graham Number
- ROE 10.1%
- Revenue Growth 5Y 6.1%
- Analyst Consensus 70% Buy
- Earnings Quality (OCF/NI) 7.21
- Share Dilution -0.3%
Failed (6)
- Debt/Equity ratio
- Return on Tangible Assets
- DCF valuation (Overvalued)
- Earnings Surprise avg -1.5%
- Net Margin Trend 35.0% vs 53.8%
- Piotroski F-Score 4/9
Unavailable (10)
- ROIC NaN%
- Gross Margin NaN%
- P/FCF NaN
- Dividend Payout NaN%
- Operating Margin NaN%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Interest Coverage
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
Mixed signals: some areas need attention
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Michael Joseph Nolan | Chief Executive Officer | 65 |
| Mr. Raymond Randall Quirk | Executive Vice-Chairman | 78 |
| Mr. Anthony John Park | Executive VP & CFO | 58 |
| Mr. Peter Tadeusz Sadowski | Executive VP & Chief Legal Officer | 70 |
| Mr. Michael Louis Gravelle J.D. | Executive VP, General Counsel & Corporate Secretary | 63 |
| Mr. Gregg N. Sofer | EVP, Deputy Chief Legal Officer & Chief Compliance Officer | - |
| Mr. Jason R. Nadeau | Chief Artificial Intelligence Officer | 54 |
| Mr. Jeffrey Heighton | President of Enterprise Solutions Agency | - |
Audit Risk
5
Board Risk
9
Compensation Risk
4
Shareholder Rights Risk
1
Part 2 · The price and when to enter
This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-26
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-06
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-09-16
via SEC EDGAR
Income History
via SEC EDGAR
Latest News
Recent headlines for FNF, sourced from Markets Gazette.