Question 1

What is AMERISAFE's P/FCF ratio?

Accepted Answer

AMERISAFE (AMSF) P/FCF ratio is 74.8× as of June 5, 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 11.1×.

Question 5

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

Accepted Answer

AMERISAFE's P/FCF ratio of 74.8× is above its own 5-year average of 49.5× and above the sector median of 11.1×. That places the current reading at the 87th 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 49.5× and the 5-year median is 41.8×.

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	$724.57M	$8.92M	81.2×	+39.1×	Dec 31, 2025
2024	$982.92M	$23.35M	42.1×	+11.3×	Dec 31, 2024
2023	$900.52M	$29.29M	30.7×	-7.3×	Dec 31, 2023
2022	$994.24M	$26.11M	38.1×	+9.7×	Dec 31, 2022
2021	$1.04B	$36.68M	28.4×	+10.6×	Dec 31, 2021
2020	$1.11B	$62.48M	17.7×	+1.4×	Dec 31, 2020
2019	$1.27B	$77.81M	16.3×	+5.1×	Dec 31, 2019
2018	$1.09B	$97.14M	11.2×	+2.2×	Dec 31, 2018
2017	$1.18B	$130.33M	9.1×	-1.5×	Dec 31, 2017
2016	$1.19B	$112.57M	10.6×	+0.1×	Dec 31, 2016
2015	$968.53M	$91.91M	10.5×	+4.8×	Dec 31, 2015
2014	$795.22M	$139.45M	5.7×	-0.4×	Dec 31, 2014
2013	$779.71M	$127.76M	6.1×	-0.1×	Dec 31, 2013
2012	$495.95M	$79.85M	6.2×	-3.7×	Dec 31, 2012
2011	$421.78M	$42.58M	9.9×	+2.2×	Dec 31, 2011
2010	$319.08M	$41.64M	7.7×	-5.3×	Dec 31, 2010
2009	$339.42M	$26.28M	12.9×	+6.8×	Dec 31, 2009
2008	$386.89M	$63.59M	6.1×	+3.1×	Dec 31, 2008
2007	$291.56M	$98.98M	2.9×	-0.6×	Dec 31, 2007
2006	$289.35M	$80.49M	3.6×	+2.3×	Dec 31, 2006
2005	$175.43M	$140.63M	1.2×	—	Dec 31, 2005
1995	$189.00M	—	—	—	Dec 31, 1995


Assurant (AIZ)	7.5×
Progressive (PGR)	7.1×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
Interactive Brokers (IBKR)	6.9×
Invesco (IVZ)	6.9×
American Financial Group (AFG)	6.8×
The Hartford (HIG)	6.5×
Commerce Bancshares (CBSH)	6.4×
Bank of America (BAC)	6.3×
Arch Capital Group (ACGL)	5.9×
JPMorgan Chase (JPM)	5.8×
Travelers Companies (TRV)	5.5×
Principal Financial Group (PFG)	5.5×
Everest Re Group (RE)	5.0×
Allstate (ALL)	4.7×
Everest Re Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
RenaissanceRe Holdings (RNR)	3.0×
MetLife (MET)	2.8×
Synchrony Financial (SYF)	2.4×
Atlantic Union Bankshares (AUB)	2.2×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for AMERISAFE (AMSF)

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

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

+What is AMERISAFE's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for AMERISAFE?

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

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

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

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

AMERISAFE (AMSF) Key Financials