AMSF

AMERISAFE, Inc.

Fundamental data last updated:September 4, 2026

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company profile

SECTOR

Financial Services

industry

Insurance - Specialty

Exchange

NASDAQ

County of HQ

US

Next Earnings Date

Pending Announcement

Business Summary

AMERISAFE, Inc., an insurance holding company, underwrites workers' compensation insurance in the United States. The company's workers' compensation insurance policies provide benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It serves small to mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime. The company was incorporated in 1985 and is based in DeRidder, Louisiana.

 


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VALUATION

P/E

12.37

Market Cap ($M USD)

$571.59M

Forward P/E

14.64

PEG

-0.95

PRICE TO SALES

1.76

PRICE TO BOOK

2.32

EV / EBITDA

9.21

5-Year Average P/E

Free Cash Flow Yield

1.40%

DCF Value

$68.15

Graham Number

$27.03

Price to FCF

71.52

EV to FCF

67.24

Earnings Yield

8.08%

FCF Yield

1.40%

DIVIDEND

Yield

8.44%

Annual Payout

$2.58

Payout Ratio

105.63%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$2.47

Next Year EPS Growth Estimate

$2.09

Next Year Revenue Growth Estimate

$354.27M

Return on Equity (ROE)

17.85%

FREE CASH FLOW

Operating Margin

17.79%

Debt-to-Equity

0.00

Piotroski F-Score

7

Altman Z-Score

0.58

Return on Invested Capital (ROIC)

16.08%

Current Ratio

0.54

Quick Ratio

0.54

Net Debt to EBITDA

-0.59

Interest Coverage

0.00

Gross Profit margin

47.59%

FCF PER SHARE

$0.43

REVENUE PER SHARE

$17.31

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Gainseekers Quantitative Analysis

Summary

AMERISAFE, Inc. appears to be a classic deep value play, trading significantly below its DCF Value and Graham Number. The market seems to be undervaluing the stock, with a Price/Earnings ratio of 12.29 and an Earnings Yield of 8.14%, suggesting a potential mispricing. However, the Altman Z-score of 0.58 raises red flags about financial distress, indicating potential risks. The Forward P/E of 14.54 suggests the market expects slower growth, yet the company’s robust Return on Equity of 17.85% highlights strong management execution.

AI Exposure / Tech Reliance

Operating in the insurance sector, AMERISAFE is not directly exposed to rapid AI or tech disruptions. However, its specialty insurance niche could benefit from AI-driven risk assessment tools. The company’s adaptability will depend on its ability to integrate these technologies into its underwriting processes.

The Bull Case

For the value-driven investor, AMERISAFE offers compelling reasons to buy. With a strong ROIC of 16.08% and a Piotroski F-Score of 7, the company demonstrates efficient capital allocation and financial health. Its operating margin of 17.79% underscores pricing power, while a TTM Yield of 8.50% provides attractive income. Despite a low FCF Yield, the company's ability to generate cash is evident in its dividend payout, albeit at a high ratio.

The Bear Case

Despite its strengths, AMERISAFE faces significant structural risks. The Price/Book ratio of 2.31 and Price/Sales of 1.75 suggest the stock may be overvalued relative to its book and sales metrics. The Altman Z-score indicates potential financial distress, and the high payout ratio of 105.63% raises sustainability concerns. Additionally, the stock's proximity to its 52-week low suggests potential technical weakness.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$44.50

Institutional Ownership %

1-Year Beta

0.27

Insider Buying % (6 Mo)

Distance to 52-Week High

56.61%

Distance to 52-Week Low

3.73%

EARNINGS SURPRISE %

-3.85%

50-DAY SMA

$31.87

200-DAY SMA

$38.12

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.