Question 1

What is AMERISAFE's P/FCF ratio?

Accepted Answer

AMERISAFE (AMSF) P/FCF ratio is 80.9× as of July 20, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for AMERISAFE?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For AMERISAFE specifically, the relevant sector benchmark is the current sector median of 12.0×.

Question 5

Is AMERISAFE's P/FCF ratio high or low?

Accepted Answer

AMERISAFE's P/FCF ratio of 80.9× is above its own 5-year average of 50.8× and above the sector median of 12.0×. That places the current reading at the 92th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is AMERISAFE's historical P/FCF ratio range?

Accepted Answer

In the available daily series, AMERISAFE (AMSF) P/FCF ratio has ranged from a low of 1.2× in 2005 to a high of 114.1× in 2025. The 5-year average is 50.8× and the 5-year median is 42.1×.

Question 7

What was AMERISAFE's P/FCF ratio in 2025?

Accepted Answer

AMERISAFE (AMSF) P/FCF ratio at the end of 2025 was 81.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does AMERISAFE's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$725M	$8.92M	81.2×	+39.1×	Dec 31, 2025
2024	$983M	$23.4M	42.1×	+11.3×	Dec 31, 2024
2023	$901M	$29.3M	30.7×	-7.3×	Dec 31, 2023
2022	$994M	$26.1M	38.1×	+9.7×	Dec 31, 2022
2021	$1.04B	$36.7M	28.4×	+10.6×	Dec 31, 2021
2020	$1.11B	$62.5M	17.7×	+1.4×	Dec 31, 2020
2019	$1.27B	$77.8M	16.3×	+5.1×	Dec 31, 2019
2018	$1.09B	$97.1M	11.2×	+2.2×	Dec 31, 2018
2017	$1.18B	$130M	9.1×	-1.5×	Dec 31, 2017
2016	$1.19B	$113M	10.6×	+0.1×	Dec 31, 2016
2015	$969M	$91.9M	10.5×	+4.8×	Dec 31, 2015
2014	$795M	$139M	5.7×	-0.4×	Dec 31, 2014
2013	$780M	$128M	6.1×	-0.1×	Dec 31, 2013
2012	$496M	$79.9M	6.2×	-3.7×	Dec 31, 2012
2011	$422M	$42.6M	9.9×	+2.2×	Dec 31, 2011
2010	$319M	$41.6M	7.7×	-5.3×	Dec 31, 2010
2009	$339M	$26.3M	12.9×	+6.8×	Dec 31, 2009
2008	$387M	$63.6M	6.1×	+3.1×	Dec 31, 2008
2007	$292M	$99M	2.9×	-0.6×	Dec 31, 2007
2006	$289M	$80.5M	3.6×	+2.3×	Dec 31, 2006
2005	$175M	$141M	1.2×	—	Dec 31, 2005
1995	$189M	—	—	—	Dec 31, 1995


UMB Financial (UMBF)	8.8×
Federal Agricultural Mortgage (AGM)	8.6×
T. Rowe Price (TROW)	8.6×
First Financial (THFF)	8.3×
Old Republic International (ORI)	8.0×
1st Source (SRCE)	8.0×
Auburn National Bancorporation (AUBN)	7.7×
Eagle Financial Services (EFSI)	7.5×
PayPal (PYPL)	7.5×
Assurant (AIZ)	7.5×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
American Financial Group (AFG)	6.8×
Hartford Insurance Group (HIG)	6.5×
Travelers Companies (TRV)	6.3×
Invesco (IVZ)	6.1×
Arch Capital Group (ACGL)	5.9×
Principal Financial Group (PFG)	5.5×
Allstate (ALL)	4.7×
Everest Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
MetLife (MET)	2.8×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for AMERISAFE (AMSF) 2005-2026

P/FCF Ratio daily chart for AMERISAFE (AMSF)

Historical P/FCF Ratio for AMERISAFE (AMSF) from 1995 to 2025

About P/FCF Ratio at AMERISAFE (AMSF)

AMERISAFE P/FCF Ratio by Year

AMERISAFE P/FCF Ratio 2025: 81.2×

AMERISAFE P/FCF Ratio 2024: 42.1×

AMERISAFE P/FCF Ratio 2023: 30.7×

AMERISAFE P/FCF Ratio 2022: 38.1×

AMERISAFE P/FCF Ratio 2021: 28.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

AMERISAFE (AMSF) Key Financials