AMSF (AMERISAFE) Cyclically Adjusted Revenue per Share: $21.26 (As of Jun. 2026)

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AMSF AMERISAFE Inc AMSF
59 GF Score
Price $29.81
GF Value $39.50
Valuation Modestly Undervalued
! 2 Warning Signs
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What is AMERISAFE Cyclically Adjusted Revenue per Share?

AMERISAFE AMSF +0.40% 59 Cyclically Adjusted Revenue per Share is $21.26 as of Jun. 2026. GuruFocus rates AMSF with a GF Score™ of 59/100 and a GF Value™ of $39.50 (Modestly Undervalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

AMERISAFE's adjusted revenue per share for the three months ended in Jun. 2026 was $4.918. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $21.26 for the trailing ten years ended in Jun. 2026.

During the past 12 months, AMERISAFE's average Cyclically Adjusted Revenue Growth Rate was -1.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -2.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 0.40% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 2.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of AMERISAFE was 3.90% per year. The lowest was -45.60% per year. And the median was 1.60% per year.

As of today (2026-08-06), AMERISAFE's current stock price is $29.81. AMERISAFE's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $21.26. AMERISAFE's Cyclically Adjusted PS Ratio of today is 1.40.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of AMERISAFE was 3.78. The lowest was 1.37. And the median was 2.70.


AMERISAFE  (NAS:AMSF) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

AMERISAFE's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=29.81/21.26
=1.40

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of AMERISAFE was 3.78. The lowest was 1.37. And the median was 2.70.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


AMERISAFE Cyclically Adjusted Revenue per Share Related Terms


AMERISAFE Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for AMERISAFE's Cyclically Adjusted Revenue per Share 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.

AMERISAFE Cyclically Adjusted Revenue per Share Chart

AMERISAFE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.78 22.49 22.34 21.77 21.15

AMERISAFE Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share 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 21.61 21.50 21.15 21.23 21.26

AMSF vs ITIC, TIPT, MBI: Cyclically Adjusted Revenue per Share Comparison

For the Insurance - Specialty subindustry, AMERISAFE'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.


AMERISAFE Cyclically Adjusted PS Ratio vs Insurance Industry

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

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


AMSF
59GF Score
AMERISAFE Inc AMSF
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AMERISAFE Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, AMERISAFE'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)
=4.918/333.9520*333.9520
=4.918

Current CPI (Jun. 2026) = 333.9520.

AMERISAFE Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.118 241.428 7.079
201612 5.119 241.432 7.081
201703 5.072 243.801 6.947
201706 4.677 244.955 6.376
201709 4.824 246.819 6.527
201712 4.925 246.524 6.672
201803 4.889 249.554 6.542
201806 4.950 251.989 6.560
201809 4.853 252.439 6.420
201812 4.898 251.233 6.511
201903 4.933 254.202 6.481
201906 4.752 256.143 6.196
201909 4.740 256.759 6.165
201912 4.750 256.974 6.173
202003 4.092 258.115 5.294
202006 4.604 257.797 5.964
202009 4.291 260.280 5.506
202012 4.543 260.474 5.825
202103 4.300 264.877 5.421
202106 4.188 271.696 5.148
202109 3.763 274.310 4.581
202112 4.027 278.802 4.824
202203 3.884 287.504 4.511
202206 3.520 296.311 3.967
202209 3.705 296.808 4.169
202212 4.141 296.797 4.659
202303 4.079 301.836 4.513
202306 3.942 305.109 4.315
202309 3.779 307.789 4.100
202312 4.162 306.746 4.531
202403 4.191 312.332 4.481
202406 3.961 314.175 4.210
202409 4.118 315.301 4.362
202412 3.863 315.605 4.088
202503 3.791 319.799 3.959
202506 4.242 322.561 4.392
202509 4.299 324.800 4.420
202512 4.293 324.054 4.424
202603 4.246 330.213 4.294
202606 4.918 333.952 4.918

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

What does a Cyclically Adjusted Revenue per Share of $21.26 mean?
AMERISAFE (AMSF) has a Cyclically Adjusted Revenue per Share of $21.26 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on AMERISAFE and its competitors.
Is AMERISAFE's Cyclically Adjusted Revenue per Share too high?
AMERISAFE's current Cyclically Adjusted Revenue per Share is $21.26. Overall, AMERISAFE has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does AMERISAFE's Cyclically Adjusted Revenue per Share compare to ITIC and TIPT?
AMERISAFE's Cyclically Adjusted Revenue per Share of $21.26 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Insurance company?
A good Cyclically Adjusted Revenue per Share depends on the Insurance industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on AMERISAFE and its competitors. AMERISAFE's current Cyclically Adjusted Revenue per Share is $21.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMERISAFE stock overvalued right now?
Based on GuruFocus' analysis, AMERISAFE (AMSF) is currently considered Modestly Undervalued. The stock's GF Value™ is $39.50, compared to a current price of $29.81 — trading 24.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is $21.26. AMERISAFE's overall GF Score™ is 59/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For AMERISAFE (AMSF), the current Cyclically Adjusted Revenue per Share is $21.26 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is AMERISAFE (AMSF) Overvalued in 2026?

Based on GuruFocus' analysis, AMERISAFE stock appears to be undervalued. The current stock price of $29.81 is trading 24.5% below its estimated GF Value™ of $39.50. GuruFocus considers AMERISAFE to be Modestly Undervalued.

Key valuation signals for AMSF:

  • Cyclically Adjusted Revenue per Share: $21.26
  • GF Value™: $39.50 vs. price of $29.81 (24.5% below fair value)
  • GF Score™: 59/100 with 2 warning signs

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


AMERISAFE Business Description

Other Exchanges A3I:Germany
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. The Company operates as a single reportable segment, Insurance Operations.
59GF Score

Get the complete analysis for AMSF

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

$29.81
Price
$39.50
GF Value