AMERISAFE, Inc.

AI-generated fair value estimate for this company.

Method: Residual income / justified price-to-book method: book value per share of $13.50 (total stockholders' equity of $249.99M / 18.52M shares); TTM return on equity of 18.8% ($46.98M net income / $249.99M equity); 10% cost of equity; 3% long-run growth; justified P/B = (ROE-g)/(COE-g) = 2.26x; value = 2.26 x $13.50.

Reasoning: AMERISAFE is a specialty workers' compensation insurer whose value is driven by underwriting profitability and capital returns rather than free cash flow, so a book-value-anchored residual income / justified P/B model using its historically strong, sustained return on equity is the most accurate method for an insurance underwriter.