AMSF (AMERISAFE) E10: $4.07 (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
View Full Analysis

What is AMERISAFE E10?

AMERISAFE AMSF +0.40% 59 E10 is $4.07 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 P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

AMERISAFE's adjusted earnings per share data for the three months ended in Jun. 2026 was $0.780. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $4.07 for the trailing ten years ended in Jun. 2026.

During the past 12 months, AMERISAFE's average E10 Growth Rate was -4.70% per year. During the past 3 years, the average E10 Growth Rate was 0.30% per year. During the past 5 years, the average E10 Growth Rate was 4.40% per year. During the past 10 years, the average E10 Growth Rate was 6.80% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of AMERISAFE was 10.60% per year. The lowest was 0.30% per year. And the median was 7.00% per year.

As of today (2026-08-06), AMERISAFE's current stock price is $29.81. AMERISAFE's E10 for the quarter that ended in Jun. 2026 was $4.07. AMERISAFE's Shiller PE Ratio of today is 7.32.

During the past 13 years, the highest Shiller PE Ratio of AMERISAFE was 25.66. The lowest was 7.14. And the median was 15.95.


AMERISAFE  (NAS:AMSF) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

AMERISAFE's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=29.81/4.07
=7.32

* 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 Shiller P/E Ratio of AMERISAFE was 25.66. The lowest was 7.14. And the median was 15.95.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


AMERISAFE E10 Related Terms


AMERISAFE E10 Historical Data

* Premium members only.

The historical data trend for AMERISAFE's E10 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 E10 Chart

AMERISAFE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.75 4.08 4.23 4.27 4.12

AMERISAFE Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 4.27 4.25 4.12 4.07 4.07

AMSF vs ITIC, TIPT, MBI: E10 Comparison

For the Insurance - Specialty subindustry, AMERISAFE's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Insurance Industry

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

* The bar in red indicates where AMERISAFE's Shiller PE Ratio falls into.


AMSF
59GF Score
AMERISAFE Inc AMSF
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AMERISAFE E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.78/333.9520*333.9520
=0.780

Current CPI (Jun. 2026) = 333.9520.

AMERISAFE Quarterly Data

per share eps CPI Adj_EPS
201609 0.930 241.428 1.286
201612 0.990 241.432 1.369
201703 0.700 243.801 0.959
201706 0.810 244.955 1.104
201709 0.860 246.819 1.164
201712 0.030 246.524 0.041
201803 0.840 249.554 1.124
201806 0.880 251.989 1.166
201809 1.020 252.439 1.349
201812 0.980 251.233 1.303
201903 1.010 254.202 1.327
201906 0.930 256.143 1.213
201909 1.110 256.759 1.444
201912 1.760 256.974 2.287
202003 0.560 258.115 0.725
202006 1.240 257.797 1.606
202009 1.210 260.280 1.552
202012 1.470 260.474 1.885
202103 0.990 264.877 1.248
202106 1.230 271.696 1.512
202109 0.990 274.310 1.205
202112 0.180 278.802 0.216
202203 0.890 287.504 1.034
202206 0.320 296.311 0.361
202209 0.590 296.808 0.664
202212 1.080 296.797 1.215
202303 0.900 301.836 0.996
202306 0.810 305.109 0.887
202309 0.520 307.789 0.564
202312 1.000 306.746 1.089
202403 0.880 312.332 0.941
202406 0.570 314.175 0.606
202409 0.750 315.301 0.794
202412 0.690 315.605 0.730
202503 0.470 319.799 0.491
202506 0.730 322.561 0.756
202509 0.720 324.800 0.740
202512 0.550 324.054 0.567
202603 0.430 330.213 0.435
202606 0.780 333.952 0.780

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of $4.07 mean?
AMERISAFE (AMSF) has a E10 of $4.07 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on AMERISAFE and its competitors.
Is AMERISAFE's E10 too high?
AMERISAFE's current E10 is $4.07. 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 E10 compare to ITIC and TIPT?
AMERISAFE's E10 of $4.07 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 E10 for an Insurance company?
A good E10 depends on the Insurance industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on AMERISAFE and its competitors. AMERISAFE's current E10 is $4.07. 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 E10 is $4.07. 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 E10 calculated?
E10 is calculated from a company's financial statements. For AMERISAFE (AMSF), the current E10 is $4.07 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:

  • E10: $4.07
  • 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

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$29.81
Price
$39.50
GF Value