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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.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
The historical rank and industry rank for White Mountains Insurance Group's Intrinsic Value: Projected FCF or its related term are showing as below:
WTM'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.66 Med: 1.13 Max: 1.71
Current: 0.69
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of White Mountains Insurance Group was 1.71. The lowest was 0.66. And the median was 1.13.
WTM's Price-to-Projected-FCF is ranked better than 55.03% of 398
companies
in the Insurance industry
Industry Median: 0.755
vs WTM: 0.69
White Mountains Insurance Group (NYSE:WTM) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
White Mountains Insurance Group's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
2064.733
/
3414.7898778854
=
0.60
* 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.
White Mountains Insurance Group Intrinsic Value: Projected FCF Related Terms
White Mountains Insurance Group Intrinsic Value: Projected FCF Historical Data
* 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.
White Mountains Insurance Group Intrinsic Value: Projected FCF Chart
WTM vs SIGI, MCY, RLI: Intrinsic Value: Projected FCF Comparison
For the Insurance - Property & Casualty subindustry, White Mountains Insurance Group's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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.
White Mountains Insurance Group Price-to-Projected-FCF vs Insurance Industry
For the Insurance industry and Financial Services sector, White Mountains Insurance Group's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where White Mountains Insurance Group's Price-to-Projected-FCF falls into.
White Mountains Insurance Group Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $3,004.18 mean?
White Mountains Insurance Group (WTM) has a Intrinsic Value: Projected FCF of $3,004.18 as of Sep. 22, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on White Mountains Insurance Group and its competitors. According to the industry distribution chart, White Mountains Insurance Group ranks #179 out of 398 companies in the Insurance industry, placing it in the top 45%.
Is White Mountains Insurance Group's Intrinsic Value: Projected FCF too high?
White Mountains Insurance Group's current Intrinsic Value: Projected FCF is $3,004.18. The Insurance industry median Intrinsic Value: Projected FCF is 0.76. White Mountains Insurance Group's value of $3,004.18 is 397804.6% above this industry median. Based on the distribution chart, White Mountains Insurance Group ranks #179 out of 398 companies in the Insurance industry, which is above the industry midpoint. Overall, White Mountains Insurance Group has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does White Mountains Insurance Group's Intrinsic Value: Projected FCF compare to SIGI and MCY?
According to the Insurance industry distribution chart, White Mountains Insurance Group ranks #179 out of 398 companies for Intrinsic Value: Projected FCF. This puts White Mountains Insurance Group in the upper half of its industry. The industry median Intrinsic Value: Projected FCF is 0.76. White Mountains Insurance Group's value of $3,004.18 is 397804.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for an Insurance company?
The median Intrinsic Value: Projected FCF among Insurance companies is 0.76, based on 398 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. White Mountains Insurance Group's current Intrinsic Value: Projected FCF of $3,004.18 is 397804.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on White Mountains Insurance Group and its competitors. For the Insurance industry, the median Intrinsic Value: Projected FCF is 0.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. White Mountains Insurance Group's current Intrinsic Value: Projected FCF is $3,004.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is White Mountains Insurance Group stock overvalued right now?
Based on GuruFocus' analysis, White Mountains Insurance Group (WTM) is currently considered Modestly Undervalued. The stock's GF Value™ is $2,528.96, compared to a current price of $2,064.73 — trading 18.4% below its estimated fair value. The current Intrinsic Value: Projected FCF is $3,004.18 and 397804.6% above the Insurance industry median of 0.76. White Mountains Insurance Group's overall GF Score™ is 75/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For White Mountains Insurance Group (WTM), the current Intrinsic Value: Projected FCF is $3,004.18 as of Sep. 22, 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 White Mountains Insurance Group (WTM) Overvalued in 2026?
Based on GuruFocus' analysis, White Mountains Insurance Group stock appears to be undervalued.
The current stock price of $2,064.73 is trading 18.4% below its estimated GF Value™ of $2,528.96.
GuruFocus considers White Mountains Insurance Group to be Modestly Undervalued.
Key valuation signals for WTM:
Intrinsic Value: Projected FCF: $3,004.18
GF Value™: $2,528.96 vs. price of $2,064.73 (18.4% below fair value)
Industry Position: 397804.6% above the Insurance median (#179 of 398)
No single metric tells the full story. See the WTM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
White Mountains Insurance Group Ltd is engaged in the business of making opportunistic and value-oriented acquisitions of businesses and assets in the insurance, financial services, and related sectors, operating these businesses and assets through its subsidiaries and, if and when attractive exit valuations become available, disposing of these businesses and assets. The company conducts its business in five areas: property and casualty insurance and reinsurance, municipal bond reinsurance, capital solutions for asset and wealth management firms, property and casualty insurance distribution, and other operations. The company has four reportable segments: Ark/WM Outrigger, HG Global, Kudu and Distinguished.
75GF Score
Get the complete analysis for WTM
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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