DGICB (Donegal Group) Cyclically Adjusted PS Ratio: (As of Sep. 20, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DGICB Donegal Group Inc DGICB
56 GF Score
Price $21.00
GF Value $23.38
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Donegal Group Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Donegal Group  (NAS:DGICB) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Donegal Group Cyclically Adjusted PS Ratio Related Terms


Donegal Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Donegal Group's Cyclically Adjusted PS 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.

Donegal Group Cyclically Adjusted PS Ratio Chart

Donegal Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 0.55 0.47 0.44 0.55

Donegal Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 0.54 0.49 0.54 0.54 0.71

DGICB vs HIPO, ROOT, AII: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Property & Casualty subindustry, Donegal Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Donegal Group Cyclically Adjusted PS Ratio vs Insurance Industry

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

* The bar in red indicates where Donegal Group's Cyclically Adjusted PS Ratio falls into.


DGICB
56GF Score
Donegal Group Inc DGICB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Donegal Group Cyclically Adjusted PS Ratio Calculation

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

Donegal Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Donegal Group's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=6.611/333.9520*333.9520
=6.611

Current CPI (Jun. 2026) = 333.9520.

Donegal Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 6.497 241.428 8.987
201612 6.528 241.432 9.030
201703 6.465 243.801 8.856
201706 6.855 244.955 9.346
201709 6.804 246.819 9.206
201712 6.990 246.524 9.469
201803 6.828 249.554 9.137
201806 7.038 251.989 9.327
201809 7.135 252.439 9.439
201812 6.695 251.233 8.899
201903 7.674 254.202 10.082
201906 7.061 256.143 9.206
201909 6.994 256.759 9.097
201912 7.061 256.974 9.176
202003 6.496 258.115 8.405
202006 6.938 257.797 8.988
202009 6.787 260.280 8.708
202012 6.689 260.474 8.576
202103 6.618 264.877 8.344
202106 6.701 271.696 8.236
202109 6.617 274.310 8.056
202112 6.822 278.802 8.171
202203 6.735 287.504 7.823
202206 6.572 296.311 7.407
202209 6.693 296.808 7.531
202212 6.967 296.797 7.839
202303 6.940 301.836 7.678
202306 7.050 305.109 7.716
202309 7.173 307.789 7.783
202312 7.313 306.746 7.962
202403 7.337 312.332 7.845
202406 7.509 314.175 7.982
202409 7.611 315.301 8.061
202412 7.299 315.605 7.723
202503 6.916 319.799 7.222
202506 6.798 322.561 7.038
202509 6.745 324.800 6.935
202512 6.528 324.054 6.727
202603 6.387 330.213 6.459
202606 6.611 333.952 6.611

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is Donegal Group (DGICB) Overvalued in 2026?

Based on GuruFocus' analysis, Donegal Group stock appears to be undervalued. The current stock price of $21.00 is trading 10.2% below its estimated GF Value™ of $23.38. GuruFocus considers Donegal Group to be Modestly Undervalued.

Key valuation signals for DGICB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $23.38 vs. price of $21.00 (10.2% below fair value)
  • GF Score™: 56/100 with 5 warning signs

No single metric tells the full story. See the DGICB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Donegal Group Business Description

Other Exchanges DGICA:USA
Address 1195 River Road, P.O. Box 302, Marietta, PA, USA, 17547
Donegal Group Inc is an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty insurance in 21 Mid-Atlantic, Midwestern, Southern, and Southwestern states. It includes three segments: Investments Function, Commercial Lines of Insurance, and Personal Lines of Insurance. The majority of revenue is from the commercial Lines segment. The commercial Lines segment consists mainly of commercial automobile, commercial multi-peril, and workers' compensation policies.
56GF Score

Get the complete analysis for DGICB

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.00
Price
$23.38
GF Value