FAF
First American Financial Corp
Next earnings Jul 22, 2026 · consensus $1.83 EPS, $2.06B rev
Last earnings -0.6% on 2026-04-22
$69.48
▲ +1.02%$69.48▲ +17.31%
over 1Y
L $52.94H $70.54
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+1.0%
1W+6.2%
1M+7.4%
3M+20.3%
YTD+15.6%
1Y+17.3%
Buy
Conviction
Horizon
Medium (3–12mo)
Street · 10 analysts
Buy
Title-insurance leader recovering hard off a housing trough at an 11x P/E with a solid, growing dividend.
Revenue $7.45B · FY2025
The read
Quality fundamentals and an attractive price line up (~228% below fair value) — the rarer case where both the business and the entry look good.
First American Financial is one of the largest U.S. title-insurance and settlement-services providers, a business tightly levered to real-estate transaction and mortgage volumes. FY2025 marked a strong recovery from the housing-driven trough of the prior two years: revenue grew 21.6% to $7.45B and net income surged 374.3% to $622M (diluted EPS of $6.00), reversing the slump that saw earnings fall to just $131M in FY2024. ROE rebounded to 11.3% and net margin to 8.3%. The history makes the cyclicality clear — net income ran $1.24B, $263M, $217M, $131M and now $622M — moving with home sales and refinancing activity.
The valuation is attractive for a recovering franchise. At $68.63 the stock trades at just an 11.4 P/E and 0.9x sales. Capital returns are healthy and sustainable: operating cash flow was $951M, the company pays a $0.55 quarterly dividend (which the board expects to maintain 'at or above the current level'), and a fresh $300M buyback authorization sits fully available. Equity grew 12.0% to $5.50B, and leverage of 1.95x is normal for an insurer carrying reserves.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 5:03 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Is FAF a buy? The one-page verdict, explained →
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $9.22B | $7.61B | $6.00B | $6.13B | $7.45B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $1.24B | $263M | $217M | $131M | $622M |
| Diluted EPS | $11.14 | $2.45 | $2.07 | $1.26 | $6.00 |
| Net margin | 13.5% | 3.5% | 3.6% | 2.1% | 8.3% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF9.3
PEG (trailing)0.03
Earnings yield8.8%
FCF yield10.8%
Quality & risk
ROIC (est.)—
Free cash flow$763M
Total debt—
Net cash$1.39B
Piotroski F-Score6/6
Capital returns
Buyback yield1.7%
Dividend yield (est.)3.1%
Shareholder yield4.9%
Shares Δ YoY-0.9%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗4Period ending 2026-06-222026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗8-KPeriod ending 2026-05-122026-05-15open ↗13F-HRPeriod ending 2026-03-312026-05-12open ↗4Period ending 2026-05-052026-05-07open ↗144Filing2026-05-05open ↗4Period ending 2026-04-292026-05-01open ↗SCHEDULE 13GFiling2026-04-29open ↗8-KPeriod ending 2026-04-292026-04-29open ↗SCHEDULE 13GFiling2026-04-29open ↗
Frequently asked
- Is First American Financial Corp (FAF) a buy?
- FAF currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Title-insurance leader recovering hard off a housing trough at an 11x P/E with a solid, growing dividend.
- What is FAF's fair value?
- A Modified-Graham model based on FAF's SEC fundamentals estimates a fair value of about $228.00. It is an estimate from reported earnings, not a price target.
- Is FAF overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, FAF currently appears undervalued relative to its SEC-grounded earnings power.
- What is First American Financial Corp's quality score?
- FAF scores 81.84758905812244/100 (grade A-) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001472787, latest 10-Q filed 2026-04-24) · EODHD · Proprietary analysis · as of 6/21/2026, 9:03:01 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.