Horace Mann EducatorsHMN +1.48%75 PB Ratio is 1.41 as of Jun. 25, 2026, which is 21% above its 10-year median of 1.17. GuruFocus rates HMN with a GF Score™ of 75/100 and a GF Value™ of $43.19 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 497 Insurance companies, Horace Mann Educators ranks worse than 50.3% on this metric.
Horace Mann Educators Corp stock PB Ratio (=1.39) is close to 10-year high of 1.49.
The historical rank and industry rank for Horace Mann Educators's PB Ratio or its related term are showing as below:
HMN'
s PB Ratio Range Over the Past 10 Years
Min: 0.81 Med: 1.17 Max: 1.49
Current: 1.41
During the past 13 years, Horace Mann Educators's highest PB Ratio was 1.49. The lowest was 0.81. And the median was 1.17.
HMN's PB Ratio is ranked worse than 50.3% of 497
companies
in the Insurance industry
Industry Median: 1.38
vs HMN: 1.41
During the past 12 months, Horace Mann Educators's average Book Value Per Share Growth Rate was 11.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 10.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -4.90% 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 Horace Mann Educators was 81.70% per year. The lowest was -12.70% per year. And the median was 5.80% per year.
Back to Basics: PB Ratio
Horace Mann Educators (NYSE:HMN) PB Ratio Explanation
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.
* 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, Horace Mann Educators'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.
Horace Mann Educators PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Horace Mann Educators's PB Ratio distribution charts can be found below:
* The bar in red indicates where Horace Mann Educators'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.
* 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.
Horace Mann Educators (HMN) has a PB Ratio of 1.41 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 Horace Mann Educators and its competitors. This is 21% above median its historical median of 1.17. Over the past decade, Horace Mann Educators' PB Ratio has ranged from 0.81 to 1.49. According to the industry distribution chart, Horace Mann Educators ranks #250 out of 497 companies in the Insurance industry, placing it in the top 50.3%.
Is Horace Mann Educators' PB Ratio too high?
Horace Mann Educators' current PB Ratio of 1.41 is 21% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 1.49. The Insurance industry median PB Ratio is 1.38. Horace Mann Educators' value of 1.41 is 2.2% above this industry median. Based on the distribution chart, Horace Mann Educators ranks #250 out of 497 companies in the Insurance industry, which is below the industry midpoint. Overall, Horace Mann Educators has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horace Mann Educators' PB Ratio compare to SKWD and HCI?
According to the Insurance industry distribution chart, Horace Mann Educators ranks #250 out of 497 companies for PB Ratio. This places Horace Mann Educators in the lower half of its industry. The industry median PB Ratio is 1.38. Horace Mann Educators' value of 1.41 is 2.2% above this benchmark. Historically, Horace Mann Educators' own PB Ratio has ranged from 0.81 to 1.49 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 1.38, Horace Mann Educators has consistently been above 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. Horace Mann Educators's current PB Ratio of 1.41 is 2.2% 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 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 Horace Mann Educators 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. Horace Mann Educators's current PB Ratio is 1.41, which is 21% above median its own 10-year median of 1.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horace Mann Educators stock overvalued right now?
Based on GuruFocus' analysis, Horace Mann Educators (HMN) is currently considered Modestly Overvalued. The stock's GF Value™ is $43.19, compared to a current price of $51.32 — trading 18.8% above its estimated fair value. The current PB Ratio is 1.41, which is 21% above median its 10-year median of 1.17 and 2.2% above the Insurance industry median of 1.38. Horace Mann Educators' overall GF Score™ is 75/100 with 7 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 Horace Mann Educators (HMN), the current PB Ratio is 1.41 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 Horace Mann Educators (HMN) Overvalued in 2026?
Based on GuruFocus' analysis, Horace Mann Educators stock appears to be overvalued.
The current stock price of $51.32 is trading 18.8% above its estimated GF Value™ of $43.19.
GuruFocus considers Horace Mann Educators to be Modestly Overvalued.
Key valuation signals for HMN:
PB Ratio: 1.41 (21% above median its 10-year median of 1.17)
GF Value™: $43.19 vs. price of $51.32 (18.8% above fair value)
Industry Position: 2.2% above the Insurance median (#250 of 497)
No single metric tells the full story. See the HMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horace Mann Educators Corp is a diversified insurance holding company that markets and underwrites personal lines of property and casualty insurance, retirement annuities, and life insurance. The company's property and casualty operations focus on automobile and homeowner insurance, while the retirement annuities are tax-qualified products. Horace Mann Educators markets its products to kindergarten through 12th-grade teachers, administrators, and other employees of public schools and their families. The Company conducts and manages its business in four reporting segments: (1) Property & Casualty, (2) Life & Retirement, (3) Supplemental & Group Benefits and (4) Corporate & Other.
75GF Score
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