Safety Insurance GroupSAFT +1.04%61 PB Ratio is 1.26 as of Jun. 24, 2026, which is 15% below its 10-year median of 1.48. GuruFocus rates SAFT with a GF Score™ of 61/100 and a GF Value™ of $101.23 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 499 Insurance companies, Safety Insurance Group ranks better than 56.91% on this metric.
Safety Insurance Group Inc stock PB Ratio (=1.25) is close to 10-year low of 1.14.
The historical rank and industry rank for Safety Insurance Group's PB Ratio or its related term are showing as below:
SAFT'
s PB Ratio Range Over the Past 10 Years
Min: 1.14 Med: 1.48 Max: 2.15
Current: 1.26
During the past 13 years, Safety Insurance Group's highest PB Ratio was 2.15. The lowest was 1.14. And the median was 1.48.
SAFT's PB Ratio is ranked better than 56.91% of 499
companies
in the Insurance industry
Industry Median: 1.39
vs SAFT: 1.26
During the past 12 months, Safety Insurance Group's average Book Value Per Share Growth Rate was 2.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -0.60% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 3.40% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Safety Insurance Group was 31.10% per year. The lowest was -14.00% per year. And the median was 3.60% per year.
Back to Basics: PB Ratio
Safety Insurance Group (NAS:SAFT) 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, Safety Insurance 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.
Safety Insurance Group PB Ratio vs Insurance Industry
For the Insurance industry and Financial Services sector, Safety Insurance Group's PB Ratio distribution charts can be found below:
* The bar in red indicates where Safety Insurance 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.
* 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.
Safety Insurance Group (SAFT) has a PB Ratio of 1.26 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Safety Insurance Group and its competitors. This is 15% below median its historical median of 1.48. Over the past decade, Safety Insurance Group's PB Ratio has ranged from 1.14 to 2.15. According to the industry distribution chart, Safety Insurance Group ranks #215 out of 499 companies in the Insurance industry, placing it in the top 43.1%.
Is Safety Insurance Group's PB Ratio too high?
Safety Insurance Group's current PB Ratio of 1.26 is 15% below median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 2.15. The Insurance industry median PB Ratio is 1.39. Safety Insurance Group's value of 1.26 is 9.4% below this industry median. Based on the distribution chart, Safety Insurance Group ranks #215 out of 499 companies in the Insurance industry, which is above the industry midpoint. Overall, Safety Insurance Group has a GF Score™ of 61/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safety Insurance Group's PB Ratio compare to UVE and HGTY?
According to the Insurance industry distribution chart, Safety Insurance Group ranks #215 out of 499 companies for PB Ratio. This puts Safety Insurance Group in the upper half of its industry. The industry median PB Ratio is 1.39. Safety Insurance Group's value of 1.26 is 9.4% below this benchmark. Historically, Safety Insurance Group's own PB Ratio has ranged from 1.14 to 2.15 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 1.39, Safety Insurance 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 1.39, based on 499 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. Safety Insurance Group's current PB Ratio of 1.26 is 9.4% 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 Safety Insurance Group and its competitors. For the Insurance industry, the median PB Ratio is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safety Insurance Group's current PB Ratio is 1.26, which is 15% below median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safety Insurance Group stock overvalued right now?
Based on GuruFocus' analysis, Safety Insurance Group (SAFT) is currently considered Modestly Undervalued. The stock's GF Value™ is $101.23, compared to a current price of $73.57 — trading 27.3% below its estimated fair value. The current PB Ratio is 1.26, which is 15% below median its 10-year median of 1.48 and 9.4% below the Insurance industry median of 1.39. Safety Insurance Group's overall GF Score™ is 61/100 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 Safety Insurance Group (SAFT), the current PB Ratio is 1.26 as of Jun. 24, 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 Safety Insurance Group (SAFT) Overvalued in 2026?
Based on GuruFocus' analysis, Safety Insurance Group stock appears to be undervalued.
The current stock price of $73.57 is trading 27.3% below its estimated GF Value™ of $101.23.
GuruFocus considers Safety Insurance Group to be Modestly Undervalued.
Key valuation signals for SAFT:
PB Ratio: 1.26 (15% below median its 10-year median of 1.48)
GF Value™: $101.23 vs. price of $73.57 (27.3% below fair value)
Industry Position: 9.4% below the Insurance median (#215 of 499)
No single metric tells the full story. See the SAFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safety Insurance Group Inc is a provider of private passenger automobile, commercial automobile, and homeowners insurance in Massachusetts. The company also offers property and casualty insurance products, including commercial automobiles, homeowners, dwelling fire, umbrella, and business owner policies. The company operates in the business segment of Property and casualty insurance operations.
61GF Score
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