# AMERISAFE Inc. (AMSF) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Financial Services / Insurance. Price $20.49, market value $380 million.

## Valuation
- **P/E (trailing): 9.5×** (5-yr avg 13.7×, 3-yr avg 14.6×). AMERISAFE Inc. trades at 9.5× trailing earnings, well below its own five-year average of 13.7×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 11.0×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 3.2%** (5-yr avg 3.2%). Free cash flow equals 3.2% of the market value, in line with its five-year average of 3.2%.
- **Earnings yield: 10.5%**. The inverse of the P/E: 10.5% of the price is earned each year.

## Profitability
- **Net margin: 14.9%**. 14.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 18.7%**. 18.7% on shareholders' equity is solid.
- **Return on assets: 3.6%**. Each dollar of assets produces 3.6% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 2.7%** (3-yr 2.5%/yr, 5-yr -1.3%/yr). Revenue grew 2.7% over the last year, against -1.3% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -14.5%** (3-yr -5.0%/yr, 5-yr -11.2%/yr). Earnings per share fell 14.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -30.1%/yr**. Free cash flow has compounded at -30.1% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 8.00%** ($1.62 per share, trailing). AMERISAFE Inc. yields 8.00%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 103%** (399% of free cash flow). The dividend exceeds earnings (103% payout), which is rarely sustainable outside REITs and one-off years.
- **Dividend growth (5 yr): -11.0%/yr** (1-yr -42.9%). The dividend has not grown over five years.

## Analyst view
- **Analyst consensus: hold** (3 analysts). 3 analysts cover AMERISAFE Inc.; the consensus is hold, with an average price target of $31.00 (+51% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -45.1%** (YTD -44.7%, 3-mo -31.4%). The shares are down 45.1% over twelve months including dividends.
- **From 52-week high: -51.3%** (1.8% above the low). Trading 51% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 23**. An RSI of 23 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): -0.08** (volatility 32%). Beta of -0.08 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AMSF · Page: https://foliofundamentals.com/stocks/amsf

Not investment advice.