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AMERISAFE (FRA:A3I) Cyclically Adjusted PB Ratio : 1.73 (As of May. 22, 2025)


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What is AMERISAFE Cyclically Adjusted PB Ratio?

As of today (2025-05-22), AMERISAFE's current share price is €41.42. AMERISAFE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was €23.97. AMERISAFE's Cyclically Adjusted PB Ratio for today is 1.73.

The historical rank and industry rank for AMERISAFE's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:A3I' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.55   Med: 2.55   Max: 3.49
Current: 1.79

During the past years, AMERISAFE's highest Cyclically Adjusted PB Ratio was 3.49. The lowest was 1.55. And the median was 2.55.

FRA:A3I's Cyclically Adjusted PB Ratio is ranked worse than
68.49% of 403 companies
in the Insurance industry
Industry Median: 1.22 vs FRA:A3I: 1.79

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

AMERISAFE's adjusted book value per share data for the three months ended in Mar. 2025 was €12.664. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €23.97 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


AMERISAFE Cyclically Adjusted PB Ratio Historical Data

The historical data trend for AMERISAFE's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AMERISAFE Cyclically Adjusted PB Ratio Chart

AMERISAFE Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.34 2.05 1.90 1.73 1.96

AMERISAFE Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.84 1.62 1.81 1.96 2.01

Competitive Comparison of AMERISAFE's Cyclically Adjusted PB Ratio

For the Insurance - Specialty subindustry, AMERISAFE's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


AMERISAFE's Cyclically Adjusted PB Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, AMERISAFE's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where AMERISAFE's Cyclically Adjusted PB Ratio falls into.


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AMERISAFE Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

AMERISAFE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=41.42/23.97
=1.73

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

AMERISAFE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, AMERISAFE's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=12.664/134.9266*134.9266
=12.664

Current CPI (Mar. 2025) = 134.9266.

AMERISAFE Quarterly Data

Book Value per Share CPI Adj_Book
201506 22.160 100.684 29.697
201509 22.892 100.392 30.767
201512 21.785 99.792 29.455
201603 22.413 100.470 30.100
201606 22.988 101.688 30.502
201609 23.618 101.861 31.285
201612 22.487 101.863 29.786
201703 22.711 102.862 29.791
201706 22.264 103.349 29.067
201709 21.579 104.136 27.960
201712 18.678 104.011 24.230
201803 18.193 105.290 23.314
201806 19.785 106.317 25.109
201809 20.413 106.507 25.860
201812 18.691 105.998 23.792
201903 19.762 107.251 24.862
201906 20.611 108.070 25.733
201909 22.052 108.329 27.466
201912 20.059 108.420 24.963
202003 20.486 108.902 25.382
202006 21.259 108.767 26.372
202009 21.165 109.815 26.005
202012 18.660 109.897 22.910
202103 19.451 111.754 23.484
202106 20.076 114.631 23.630
202109 21.077 115.734 24.572
202112 18.250 117.630 20.934
202203 18.577 121.301 20.664
202206 18.873 125.017 20.369
202209 19.664 125.227 21.187
202212 15.643 125.222 16.855
202303 16.231 127.348 17.197
202306 16.389 128.729 17.178
202309 16.405 129.860 17.045
202312 14.015 129.419 14.611
202403 14.476 131.776 14.822
202406 14.664 132.554 14.926
202409 14.869 133.029 15.081
202412 12.901 133.157 13.072
202503 12.664 134.927 12.664

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


AMERISAFE  (FRA:A3I) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


AMERISAFE Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of AMERISAFE's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


AMERISAFE Business Description

Industry
Traded in Other Exchanges
Address
2301 Highway 190 West, DeRidder, LA, USA, 70634
AMERISAFE Inc is a specialty provider of workers' compensation insurance focused on small to mid-sized employers engaged in hazardous industries, principally construction, trucking, logging and lumber, agriculture, manufacturing, maritime, and telecommunications. The company generates a majority of its revenue in the form of premiums.

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