AMERISAFE (AMSF) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

AMERISAFE

NasdaqGS•Financial Services•Insurance - Specialty

$24.77+0.11(<0.01%)Market closed

Market Cap

$459.11M

P/E

9.8x

P/S

1.4x

P/B

1.8x

AMERISAFE, Inc., an insurance holding company, underwrites workers' compensation insurance in the United States. The company provides benefits to injured employees for temporary or permanent disability, death, and medical and hospital expenses. It sells its products through retail and wholesale brokers and agents; and small and mid-sized employers engaged in hazardous industries, including construction, trucking, logging and lumber, agriculture, manufacturing, telecommunications, and maritime. The company was incorporated in 1985 and is based in Deridder, Louisiana.

How this company scores

GoodMetricSide Score: 64/100

Strongest: Profitability (19/25); weakest: Growth (14/25).

Profitability19/25

Growth14/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality16/25

Strengths

Rising free cash flowStrong marginsHigh ROEInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.8x5y range 9.8x – 24.6x

Currently below its 20-quarter median.

P/S · 1.4x5y range 1.4x – 3.3x

Currently below its 20-quarter median.

P/B · 1.8x5y range 1.8x – 3.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Watch

Operating margins declined 15.6% — watch for continued compression, which may signal competitive or cost pressure.

Earnings Quality

Red Flag

FCF consistently trails net income (avg 0.3x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $459.11M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $335.63M
Q. Revenue: $91.97M
TTM EBITDA: $59.29M
TTM Op. Income: $58.60M
Q. Op. Income: $18.27M
TTM Net Income: $46.98M
Q. Net Income: $14.60M
EPS: $0.79
Shares Out.: $18.58M

$335.63M in TTM revenue grew 9.5% YoY, reaching $91.97M last quarter. TTM EBITDA of $59.29M and TTM operating income of $58.60M show growth is flowing through to the bottom line. TTM net income of $46.98M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 20.1%
Op. Margin: 19.9%
Net Margin: 15.9%

Op. margin of 19.9% is down 1.7% YoY — costs are rising relative to revenue. Net margin at 15.9% Over the past year, operating margin is down 8% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.8x
P/S Ratio: 1.4x
P/B Ratio: 1.8x

At 9.8x P/E, the stock trades below typical market levels. P/S of 1.4x and P/B of 1.8x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.13B
Cash: $65.48M
Long-Term Debt: N/A
Book Value: $249.99M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.79M
TTM Free Cash Flow: $19.31M
FCF Margin: 5.8%
FCF / Net Income: 0.4

TTM FCF of $19.31M on $1.79M in operating cash flow. The FCF / Net Income ratio of 0.4x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 144% — an improving trend.