Educational use only — not investment advice. "Undervalued / fairly valued / overvalued" and every risk score reflect our models vs. price, which can be wrong or based on stale or incomplete data. Always review the company's own financials and SEC filings, and consult a licensed advisor, before acting.
ACT
Undervalued
Enact Holdings, Inc.
Price$46.64
Model IV$62.90
P/IV0.75
Discount 26%
Return to IV: +34.9%
Market implies +1.3%/yr
vs model +6.4% · below model
AIFU
Deeply overvalued
AIFU Inc.
Price$11.01
Model IV$3.82
P/IV3.15
Premium +188%
Return to IV: -65.3%
Market implies +14.8%/yr
vs model +2.0% · above model
AJG
Deeply overvalued
Arthur J. Gallagher & Co.
Price$234.05
Model IV$176.45
P/IV1.29
Premium +33%
Return to IV: -24.6%
Market implies +11.5%/yr
vs model +9.9% · in line
AON
Fairly valued
Aon plc
Price$277.12
Model IV$292.60
P/IV0.94
Discount 5%
Return to IV: +5.6%
Market implies +6.0%/yr
vs model +8.3% · in line
ARX
Deeply overvalued
Accelerant Holdings
Price$19.75
Model IV$14.38
P/IV1.37
Premium +37%
Return to IV: -27.2%
Market implies +6.0%/yr
vs model +1.9% · above model
BRO
Deeply undervalued
BROWN & BROWN, INC.
Price$63.75
Model IV$114.14
P/IV0.55
Discount 44%
Return to IV: +79.0%
Market implies +1.1%/yr
vs model +11.0% · below model
BWIN
Deeply undervalued
Baldwin Insurance Group, Inc.
Price$31.85
Model IV$69.82
P/IV0.46
Discount 54%
Return to IV: +119.2%
Market implies -13.9%/yr
vs model +27.6% · below model
CCG
Deeply overvalued
Cheche Group Inc.
Price$5.15
Model IV$3.68
P/IV3.53
Premium +40%
Return to IV: -28.5%
Market implies +9.9%/yr
vs model +11.7% · in line
CCGWW
Valuation N/A
Cheche Group Inc.
Price$0.01
Model IV—
P/IV—
Market implies -50.0%/yr
vs model +11.7% · below model
CRVL
Deeply overvalued
CORVEL CORP
Price$76.35
Model IV$49.58
P/IV1.48
Premium +54%
Return to IV: -35.1%
Market implies +12.6%/yr
vs model +8.7% · above model
EHTH
Valuation N/A
eHealth, Inc.
Price$0.71
Model IV—
P/IV—
Market implies -43.8%/yr
vs model +2.0% · below model
EQH
Deeply overvalued
Equitable Holdings, Inc.
Price$53.48
Model IV$32.90
P/IV1.26
Premium +63%
Return to IV: -38.5%
Market implies +18.0%/yr
vs model +14.3% · above model
ERIE
Undervalued
ERIE INDEMNITY CO
Price$226.54
Model IV$309.46
P/IV0.76
Discount 27%
Return to IV: +36.6%
Market implies +3.2%/yr
vs model +9.0% · below model
EZRA
Valuation N/A
Reliance Global Group, Inc.
Price$2.21
Model IV—
P/IV—
Market implies +21.9%/yr
vs model +6.4% · above model
GOCO
Valuation N/A
GoHealth, Inc.
Price$0.34
Model IV—
P/IV—
Market implies -30.0%/yr
vs model +2.0% · below model
GSHD
Deeply overvalued
Goosehead Insurance, Inc.
Price$45.39
Model IV$24.01
P/IV1.81
Premium +89%
Return to IV: -47.1%
Market implies +17.8%/yr
vs model +13.0% · above model
HGTY
Deeply undervalued
Hagerty, Inc.
Price$14.20
Model IV$21.98
P/IV0.47
Discount 35%
Return to IV: +54.8%
Market implies +7.1%/yr
vs model +16.6% · below model
HIT
Overvalued
Health In Tech, Inc.
Price$0.75
Model IV$0.63
P/IV1.58
Premium +19%
Return to IV: -16.1%
Market implies +19.5%/yr
vs model +25.0% · below model
HUIZ
Deeply overvalued
Huize Holding Ltd
Price$1.30
Model IV$0.31
P/IV4.63
Premium +324%
Return to IV: -76.4%
Market implies +12.9%/yr
vs model +2.0% · above model
LIFE
Deeply overvalued
Ethos Technologies Inc.
Price$36.22
Model IV$11.23
P/IV1.68
Premium +223%
Return to IV: -69.0%
Market implies +35.5%/yr
vs model +25.0% · above model
MRSH
Undervalued
MARSH & MCLENNAN COMPANIES, INC.
Price$176.67
Model IV$212.56
P/IV0.82
Discount 17%
Return to IV: +20.3%
Market implies +4.3%/yr
vs model +8.0% · below model
NP
Deeply overvalued
Neptune Insurance Holdings Inc.
Price$28.44
Model IV$18.99
P/IV1.48
Premium +50%
Return to IV: -33.2%
Market implies +24.3%/yr
vs model +25.0% · in line
RDZN
Deeply undervalued
Roadzen Inc.
Price$1.12
Model IV$1.75
P/IV0.67
Discount 36%
Return to IV: +56.3%
Market implies -5.5%/yr
vs model +50.0% · below model
RDZNW
Valuation N/A
Roadzen Inc.
Price$0.07
Model IV—
P/IV—
Market implies -50.0%/yr
RYAN
Deeply overvalued
RYAN SPECIALTY HOLDINGS, INC.
Price$37.79
Model IV$25.21
P/IV1.44
Premium +50%
Return to IV: -33.3%
Market implies +14.6%/yr
vs model +11.8% · in line
SLQT
Valuation N/A
SelectQuote, Inc.
Price$0.37
Model IV—
P/IV—
Market implies -3.9%/yr
vs model +11.8% · below model
TWFG
Deeply undervalued
TWFG, Inc.
Price$25.52
Model IV$119.16
P/IV0.16
Discount 79%
Return to IV: +366.9%
Market implies -10.3%/yr
vs model +14.5% · below model
WDH
Valuation N/A
Waterdrop Inc.
Price$1.02
Model IV—
P/IV—
Market implies +21.5%/yr
vs model +3.1% · above model
WTW
Undervalued
WILLIS TOWERS WATSON PLC
Price$297.86
Model IV$415.72
P/IV0.60
Discount 28%
Return to IV: +39.6%
Market implies +2.1%/yr
vs model +7.7% · below model
XHG
Valuation N/A
XChange TEC.INC
Price$2.30
Model IV—
P/IV—
Market implies +131.4%/yr
vs model +2.0% · above model
YB
Valuation N/A
Yuanbao Inc.
Price$12.24
Model IV—
P/IV—
Limited data — see page
ZBAO
Valuation N/A
Zhibao Technology Inc.
Price$0.06
Model IV—
P/IV—
Market implies -50.0%/yr
vs model +15.0% · below model
