Selective Insurance Group, Inc.

NasdaqGS:SIGI Stock Report

Market Cap: US$4.9b

Selective Insurance Group Valuation

Is SIGI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SIGI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

US$178.6
Fair Value
54.6% undervalued intrinsic discount
6
Number of Analysts

Below Fair Value: SIGI ($81.15) is trading below our estimate of fair value ($178.6)

Significantly Below Fair Value: SIGI is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SIGI?

Key metric: As SIGI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SIGI. This is calculated by dividing SIGI's market cap by their current earnings.
What is SIGI's PE Ratio?
PE Ratio13.2x
EarningsUS$374.45m
Market CapUS$4.90b

Price to Earnings Ratio vs Peers

How does SIGI's PE Ratio compare to its peers?

The above table shows the PE ratio for SIGI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.8x
MCY Mercury General
11.3x8.54%US$4.4b
RLI RLI
16.9x-5.07%US$5.4b
THG Hanover Insurance Group
11x4.78%US$6.0b
WTM White Mountains Insurance Group
24xn/aUS$4.7b
SIGI Selective Insurance Group
13.2x14.04%US$4.9b

Price-To-Earnings vs Peers: SIGI is good value based on its Price-To-Earnings Ratio (13.2x) compared to the peer average (15.8x).

Price to Earnings Ratio vs Industry

How does SIGI's PE Ratio compare vs other companies in the US Insurance Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
CUII China United Insurance Service
0.0003xn/aUS$3.13k
No more companies available in this PE range
SIGI 13.2xIndustry Avg. 13.2xNo. of Companies17PE0816243240+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SIGI is expensive based on its Price-To-Earnings Ratio (13.2x) compared to the US Insurance industry average (13.2x).

Price to Earnings Ratio vs Fair Ratio

What is SIGI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SIGI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.2x
Fair PE Ratio15.3x

Price-To-Earnings vs Fair Ratio: SIGI is good value based on its Price-To-Earnings Ratio (13.2x) compared to the estimated Fair Price-To-Earnings Ratio (15.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SIGI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$81.15
US$84.00
+3.51%
7.43%US$90.00US$73.00n/a6
Oct ’26US$81.28
US$83.33
+2.53%
7.39%US$90.00US$72.00n/a6
Sep ’26US$78.23
US$85.00
+8.65%
9.41%US$97.00US$72.00n/a6
Aug ’26US$77.47
US$88.67
+14.45%
7.24%US$97.00US$79.00n/a6
Jul ’26US$87.16
US$94.67
+8.61%
5.90%US$105.00US$88.00n/a6
Jun ’26US$88.02
US$94.67
+7.55%
5.90%US$105.00US$88.00n/a6
May ’26US$86.89
US$94.17
+8.37%
7.13%US$105.00US$85.00n/a6
Apr ’26US$91.96
US$93.86
+2.06%
6.20%US$105.00US$87.00n/a7
Mar ’26US$86.05
US$94.57
+9.91%
7.03%US$105.00US$87.00n/a7
Feb ’26US$84.13
US$99.00
+17.68%
9.13%US$116.00US$88.00n/a7
Jan ’26US$93.52
US$104.00
+11.21%
5.27%US$114.00US$95.00n/a7
Dec ’25US$102.09
US$102.17
+0.075%
3.77%US$105.00US$95.00n/a6
Nov ’25US$92.41
US$101.43
+9.76%
3.37%US$105.00US$95.00n/a7
Oct ’25US$92.92
US$95.14
+2.39%
5.98%US$102.00US$85.00US$81.287
Sep ’25US$90.98
US$95.14
+4.58%
5.98%US$102.00US$85.00US$78.237
Aug ’25US$88.26
US$95.57
+8.28%
5.56%US$102.00US$85.00US$77.477
Jul ’25US$94.32
US$105.71
+12.08%
6.33%US$120.00US$98.00US$87.167
Jun ’25US$97.61
US$105.71
+8.30%
6.33%US$120.00US$98.00US$88.027
May ’25US$102.28
US$107.71
+5.31%
6.11%US$120.00US$98.00US$86.897
Apr ’25US$106.90
US$106.86
-0.04%
5.69%US$120.00US$101.00US$91.967
Mar ’25US$103.94
US$106.86
+2.81%
5.69%US$120.00US$101.00US$86.057
Feb ’25US$96.80
US$106.71
+10.24%
7.41%US$120.00US$93.00US$84.137
Jan ’25US$99.48
US$107.14
+7.70%
6.99%US$120.00US$93.00US$93.527
Dec ’24US$101.35
US$107.14
+5.72%
6.99%US$120.00US$93.00US$102.097
Nov ’24US$106.56
US$102.83
-3.50%
5.07%US$108.00US$93.00US$92.416
Oct ’24US$103.17
US$103.67
+0.48%
5.70%US$112.00US$93.00US$92.926
US$84
Fair Value
3.4% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/17 05:50
End of Day Share Price 2025/10/17 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Selective Insurance Group, Inc. is covered by 18 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael ZaremskiBMO Capital Markets Equity Research
Grace CarterBofA Global Research
Matthew CarlettiCitizens JMP Securities, LLC