ACGL
Arch Capital Group Ltd.
ACGL's fundamentals are mixed: its operating margin rose 7 points to 26%, but revenue fell 3.9%. At 8.9x earnings, it's trading in line with its usual 9.3x. Analysts expect earnings to hold roughly steady.
ACGL Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| N/A | |
| N/A |
ACGL's profitability is currently strong, but its revenue is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like ACGL.
ACGL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.8x | $95.05 | -13% |
| Current | 9x | $109 | — |
| Fair | 9.3x | $113 | +3.8% |
| Forward | 11x | $109 | — |
| Expensive | 12x | $152 | +40% |
Historical ranges are pointers, not guarantees.
ACGL's PE is in its fair range at 8.9x. On analysts' estimates for next year's earnings, today's price would be 11x, in its expensive range.
ACGL Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Stable | |
| Decline | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect ACGL's profitability to improve, but its revenue to decline.
ACGL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.79 | -20% |
| Q3 2026 | $12.21 | +14% |
| Q2 2026 | $12.77 | +32% |
| Q1 2026 | $13.00 | +33% |
| Q4 2025 | $11.60 | +3.7% |
| Q3 2025 | $10.68 | -28% |
| Q2 2025 | $9.68 | -32% |
| Q1 2025 | $9.75 | -23% |
| Q4 2024 | $11.19 | -3.7% |
ACGL earned $12.21 per share over the past year, up 14% from the year before.
ACGL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.7B | -8.9% |
| Q2 2026 | $4.7B | -10% |
| Q1 2026 | $4.5B | -3.3% |
| Q4 2025 | $4.9B | +8.5% |
| Q3 2025 | $5.1B | +8.2% |
| Q2 2025 | $5.2B | +23% |
| Q1 2025 | $4.7B | +19% |
| Q4 2024 | $4.5B | +14% |
ACGL's revenue grew through 2024 and has held roughly level since: $4.7B last quarter, down 8.9% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q4 2021 | 38% | +12 points |
| Q3 2021 | 14% | -7.8 points |
| Q2 2021 | 29% | +7.5 points |
| Q1 2021 | 19% | +23 points |
| Q4 2020 | 27% | +7 points |
| Q3 2020 | 22% | N/A |
| Q2 2020 | 21% | N/A |
| Q1 2020 | -4% | N/A |
ACGL's operating margin was 38% last quarter, up 12 points from the same quarter a year ago.
ACGL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.7B | -20% |
| Q2 2026 | $1.3B | +18% |
| Q1 2026 | $1.2B | -19% |
| Q4 2025 | $1.4B | -11% |
| Q2 2025 | $1.1B | -26% |
| Q1 2025 | $1.4B | -6.5% |
| Q4 2024 | $1.6B | -5.5% |
| Q2 2024 | $1.5B | +33% |
ACGL's free cash flow was $5.6B over the past year, down 11% from the year before. Free cash flow isn't a meaningful measure for financial services companies like ACGL.
ACGL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.1% | -7.4M shares |
| 1 year | -9.2% | -34.7M shares |
| 3 years | -10% | -38M shares |
| 5 years | -14% | -56.5M shares |
| Available history | -17% | -70.2M shares |
ACGL has 341M diluted shares, down 9.2% from a year ago, with $4.2B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $1.4B |
| Q2 2026 | $1.2B |
| Q1 2026 | $783M |
| Q4 2025 | $798M |
| Q3 2025 | $732M |
| Q2 2025 | $163M |
| Q1 2025 | $196M |
| Q4 2023 | — |
ACGL spent $4.2B buying back its own shares over the past year.
ACGL Net Leverage
ACGL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.0 | Neutral |
| Stochastic | 81.6 | Overbought |
ACGL's weekly RSI is 69 (neutral) and its Stochastic is 82 (overbought).
ACGL PE vs Financial Services Sector
| Metric | ACGL | Sector median | Relative |
|---|---|---|---|
| PE | 9x | 13x | 31% below |
| PE % | 42 | 63 | 21 pts below |
ACGL is trading at 8.9x earnings, a 31% discount to the Financial Services sector's median of 13x.
ACGL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $101.2 | 7.9% above |
| 20 week MA | $100.2 | 9% above |
| 50 week MA | $97.0 | 13% above |
| 100 week MA | $94.1 | 16% above |
| 200 week MA | $90.1 | 21% above |
ACGL is in an uptrend: it's above all five of its weekly moving averages, and 21% above its 200-week average.
ACGL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $42.6 | $34.9 | -18% |
| 2021 | $34.9 | $43.5 | +25% |
| 2022 | $43.5 | $63.4 | +46% |
| 2023 | $63.4 | $74.3 | +17% |
| 2024 | $74.3 | $92.3 | +24% |
| 2025 | $92.3 | $95.9 | +3.8% |
| 2026 YTD | $95.9 | $109.2 | +14% |
ACGL has finished higher in five of the last six years. It's up 14% so far in 2026.