Ategrity Specialty Insurance Co

AI-generated fair value estimate for this company.

Method: Gordon-growth price-to-book model: $13.86 book value per share; normalized ROE 15% (moderating from current hyper-growth); cost of equity 11%; sustainable growth 6%; justified P/B 1.8x; ~48.4M shares outstanding (implied by $670.4M equity divided by $13.86 book value per share).

Reasoning: Ategrity is a fast-growing excess & surplus lines insurer (36.6% TTM revenue growth) that IPO'd in mid-2025; premium growth is expected to moderate from its current hyper-growth pace toward a still-attractive sustainable rate as the E&S market cycle normalizes.