Donegal GroupDGICA -1.20%60 PB Ratio is 1.03 as of Jun. 25, 2026, which is 6% above its 10-year median of 0.97. GuruFocus rates DGICA with a GF Score™ of 60/100 and a GF Value™ of $14.11 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 497 Insurance companies, Donegal Group ranks better than 64.99% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-25), Donegal Group's share price is $18.05. Donegal Group's Book Value per Share for the quarter that ended in Mar. 2026 was $17.54. Hence, Donegal Group's PB Ratio of today is 1.03.
Good Sign:
Donegal Group Inc stock PB Ratio (=1.04) is close to 1-year low of 0.94.
The historical rank and industry rank for Donegal Group's PB Ratio or its related term are showing as below:
DGICA'
s PB Ratio Range Over the Past 10 Years
Min: 0.74 Med: 0.97 Max: 1.27
Current: 1.03
During the past 13 years, Donegal Group's highest PB Ratio was 1.27. The lowest was 0.74. And the median was 0.97.
DGICA's PB Ratio is ranked better than 64.99% of 497
companies
in the Insurance industry
Industry Median: 1.38
vs DGICA: 1.03
During the past 12 months, Donegal Group's average Book Value Per Share Growth Rate was 8.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 0.20% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Donegal Group was 32.30% per year. The lowest was -12.50% per year. And the median was 5.90% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Donegal Group PB Ratio Related Terms
Donegal Group PB Ratio Historical Data
* Premium members only.
The historical data trend for Donegal Group's 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.
For the Insurance - Property & Casualty subindustry, Donegal Group's PB Ratio, along with its competitors' market caps and 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.
Donegal Group PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Donegal Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Donegal Group's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Donegal Group's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Donegal Group (DGICA) has a PB Ratio of 1.03 as of Jun. 25, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Donegal Group and its competitors. This is near median its historical median of 0.97. Over the past decade, Donegal Group's PB Ratio has ranged from 0.74 to 1.27. According to the industry distribution chart, Donegal Group ranks #174 out of 497 companies in the Insurance industry, placing it in the top 35%.
Is Donegal Group's PB Ratio too high?
Donegal Group's current PB Ratio of 1.03 is near median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 1.27. The Insurance industry median PB Ratio is 1.38. Donegal Group's value of 1.03 is 25.4% below this industry median. Based on the distribution chart, Donegal Group ranks #174 out of 497 companies in the Insurance industry, which is above the industry midpoint. Overall, Donegal Group has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Donegal Group's PB Ratio compare to HRTG and HIPO?
According to the Insurance industry distribution chart, Donegal Group ranks #174 out of 497 companies for PB Ratio. This puts Donegal Group in the upper half of its industry. The industry median PB Ratio is 1.38. Donegal Group's value of 1.03 is 25.4% below this benchmark. Historically, Donegal Group's own PB Ratio has ranged from 0.74 to 1.27 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 1.38, Donegal Group has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Insurance company?
The median PB Ratio among Insurance companies is 1.38, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Donegal Group's current PB Ratio of 1.03 is 25.4% below 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Donegal Group and its competitors. For the Insurance industry, the median PB Ratio is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Donegal Group's current PB Ratio is 1.03, which is near median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Donegal Group stock overvalued right now?
Based on GuruFocus' analysis, Donegal Group (DGICA) is currently considered Modestly Overvalued. The stock's GF Value™ is $14.11, compared to a current price of $18.05 — trading 27.9% above its estimated fair value. The current PB Ratio is 1.03, which is near median its 10-year median of 0.97 and 25.4% below the Insurance industry median of 1.38. Donegal Group's overall GF Score™ is 60/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Donegal Group (DGICA), the current PB Ratio is 1.03 as of Jun. 25, 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 Donegal Group (DGICA) Overvalued in 2026?
Based on GuruFocus' analysis, Donegal Group stock appears to be overvalued.
The current stock price of $18.05 is trading 27.9% above its estimated GF Value™ of $14.11.
GuruFocus considers Donegal Group to be Modestly Overvalued.
Key valuation signals for DGICA:
PB Ratio: 1.03 (near median its 10-year median of 0.97)
GF Value™: $14.11 vs. price of $18.05 (27.9% above fair value)
Industry Position: 25.4% below the Insurance median (#174 of 497)
No single metric tells the full story. See the DGICA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
60GF Score
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