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AMERISAFE INC AMSF

Nasdaq · stock · Fire, Marine & Casualty Insurance · website · IPO 2005-11-18 · LEI

AMERISAFE INC statistics & valuation

Market cap$631.3M
P / E13.4×
P / S2.0×
P / B2.5×
P / FCF70.8×
Dividend yield9.93%
Net margin14.9%
Return on equity18.7%
FCF margin2.8%
Graham number -2.9%$27.07

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($27.07); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
19.60% 12.30% 19.00% 25.00% 25.50% 20.80% 18.90% 20.20% 17.90% 14.90% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
17.10% 10.90% 17.50% 21.50% 19.70% 16.50% 17.50% 21.20% 21.50% 18.70% 2016201720182019202020212022202320242025
Shares outstanding
19.2M 19.2M 19.3M 19.3M 19.4M 19.4M 19.3M 19.2M 19.2M 19.1M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
5.10% 3.00% 4.70% 6.20% 5.90% 4.70% 4.40% 5.10% 4.80% 4.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
28.40% 34.70% 25.70% 21.00% 18.40% 11.60% 8.90% 9.50% 7.60% 2.80% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$4.05 $2.40 $3.71 $4.80 $4.47 $3.39 $2.88 $3.23 $2.89 $2.47 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

AMERISAFE INC trades at about 11.3× earnings — below its 10-year norm (10-year range 12.4×–25.3×, median 15.6×).

11.3× 25.3×

Shaded band = 10-year range (12.4×–25.3×); dot = today's 11.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin14.9%17.9%20.2%18.9%20.8%25.5%25.0%19.0%12.3%19.6%
FCF margin2.8%7.6%9.5%8.9%11.6%18.4%21.0%25.7%34.7%28.4%
Return on assets4.2%4.8%5.1%4.4%4.7%5.9%6.2%4.7%3.0%5.1%
Return on equity18.7%21.5%21.2%17.5%16.5%19.7%21.5%17.5%10.9%17.1%

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.