Is First American or Fidelity National Financial more undervalued?

As of Sep 5, 2026, First American is at -16% to fair value and Fidelity National Financial at -38%. First American is the less overvalued of the two. Model-based estimate, not financial advice.

Which has higher quality, First American or Fidelity National Financial?

First American has a quality score of 70/100 and Fidelity National Financial 52/100. First American leads on quality.

STOCK COMPARISON

First American vs Fidelity National Financial: Fair Value & Quality

Both stocks run through our valuation models. Here is how First American (FAF) and Fidelity National Financial (FNF) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees First American as the less overvalued of the two: First American trades at $76.51 versus a fair value of $64.26 (-16%), while Fidelity National Financial trades at $47.28 versus $29.08 (-38%).

First American

FAF · USD · Financials

-16%

upside to fair value

overvalued

Price$76.51

Fair Value$64.26

Quality70/100

Fidelity National Financial

FNF · USD · Financials

-38%

upside to fair value

overvalued

Price$47.28

Fair Value$29.08

Quality52/100

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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

First AmericanFidelity National Financial

Valuation

10.7×P/E (TTM)17.6×

0.92×P/S (TTM)0.89×

1.28×P/B1.80×

6.4×EV/EBITDA6.4×

2.98×PEG0.85×

−16.0%Fair value upside−38.5%

2.9%Dividend yield4.3%

$2.19Dividend per share$2.04

Profitability

11%Operating margin19%

0.85×EBIT margin trend (5Y)0.59×

13%Return on equity10%

4%Return on assets1%

Growth

16%Revenue growth (YoY)17%

-0.7%Avg. growth/yr (3Y)8.2%

1.0%Avg. growth/yr (5Y)6.3%

+1.4%Value creation/yr+4.9%

Balance & size

5.3×Interest coverage (EBIT/interest)5.9×

0.45×Debt / equity0.59×

$7BMarket cap$13B

weakGrowth qualityhealthy

Fidelity National Financial leads: 6 to 9 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

First Americanof which business quality 66 · market factors 63 Fidelity National Financialof which business quality 51 · market factors 43

ProfitabilityMargins and returns on capital today

Quality GrowthAre margins and returns improving?

CashflowEarnings quality: real cash, not paper profit

100

Fin. StrengthBalance sheet, leverage, solvency risk

InvestmentDisciplined investing over empire-building

Low VolatilityCalm price path (market factor)

MomentumPrice trend over the last 3–12 months (market factor)

52W MomentumDistance to the 52-week high (market factor)

Net IssuanceBuybacks instead of dilution

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model family	First AmericanPrice $76.51	Fidelity National FinancialPrice $47.28
Dividend Discount	-61%below the price$29.53	-26%below the price$35.18
Multiples	+1%close to the price$77.45	-29%below the price$33.55
Asset-Based	-53%below the price$36.16	-61%below the price$18.48
Economic Profit	-28%below the price$54.96	-47%below the price$25.07
Minimum	-61%below the price$29.53	-61%below the price$18.48
Maximum	+1%close to the price$77.45	-26%below the price$35.18
Median	-40%below the price$45.56	-38%below the price$29.31
Geometric mean	-40%below the price$46.17	-42%below the price$27.19

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

First American: 5 of 6 models see the stock below the current price.

Fidelity National Financial: 6 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

First American

Bear $48.20Fair Value $64.26Bull $80.33

$76.51 = current price (white tick)

Fidelity National Financial

Bear $21.81Fair Value $29.08Bull $36.34

$47.28 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

First American · Financials

Quality score70 · Top 25%

Fair value upside-16% · below median

Fidelity National Financial · Financials

Quality score52 · below median

Fair value upside-38% · bottom 25%

Bottom line

First American has the higher quality score (70/100).

See the full analysis →

First American · Fidelity National Financial

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.