Employers Holdings Inc (EIG) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Employers Holdings Inc stock $33.64, price $47.30, that is 28.9% below the price, quality 58 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $28.61 – $52.72 · fair‑value band $26.62 – $44.36 · the $47.30 price screens above the $33.64 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Employers Holdings, Inc., through its subsidiaries, provides workers' compensation insurance and services in the United States. The company offers insurance to small businesses in low to medium hazard industries.
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It market its products through local, regional, specialty and national insurance agents and brokers; national, regional, and local trade groups and associations; and direct-to-customer interactions. Employers Holdings, Inc. was founded in 2000 and is based in Reno, Nevada.
Stock analysis
Employers Holdings Inc (EIG) currently trades at $47.30, while our model-based Fair Value estimate is $33.64, 29% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $35.49 per share, and 1 of the 6 models we run sit above the $47.30 price.
Bear case: the Dividend Discount group reads lowest at $20.63, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $26.62 (bear) to $44.36 (bull), the price of $47.30 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Employers Holdings Inc reported revenue of $858M in FY2025 versus $703M in FY2021, a compound +5.1%/yr. Reported net income was $10.8M in FY2025, compounding −45.1%/yr from FY2021.
Key figures
Market cap $865M Small · P/E ratio 26.7 · P/S ratio 0.34 · EPS (TTM) $1.77 · Dividend yield 2.7% · Net margin 1.3% · Return on equity 0.8% · Return on assets (EBIT) 2.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 10% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at −29%, EIG screens richer than that median.
Fair Value models
Bear$26.62Fair Value $33.64Bull$44.36
Price $47.30 · Downside -28.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($0.4018 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, no officer or director bought or sold shares on the open market.
SaleChristina M. OzunaChief Claims Officer4,500 shares at $39.88$179,460Mar 10, 2026
SaleAnn Marie SmithChief Actuarial and UW Officer5,000 shares at $39.29$196,450Mar 9, 2026
BuyMichael PedrajaEVP, Chief Financial Officer2,000 shares at $39.73$79,460Feb 24, 2026
Plus 10 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.8%
Start year 2020 (pandemic). Over 10 years: +1.3% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−33.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−36.0%
Dividend (yield on the price)2.7%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−36.0% vs −17.7%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.21% → 1%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
News mood ⓘNews mood, the average tone of recent news (92 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Specialty · 23 stocks
Beats the industry median on 4/15 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Below median
Fair Value upside−28.9% · Below median
Profitability
Return on equity (12 months)0.8% · Bottom 25%
Return on assets0.3% · Bottom 25%
Net margin (12 months)0.9% · Bottom 25%
Operating margin (12 months)16.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)−10.6% · Bottom 25%
Dividend yield (12 months)2.7% · Below median
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Insurance - Specialty median · lower = cheaper
P/E (12 months)26.7× · Priciest 25%
P/B0.91× · Cheapest 25%
P/S (12 months)1.03× · Cheaper than median
Price / free cash flow (fiscal year)20.4× · Pricier than median
EV/EBITDA51.2× · Priciest 25%
PEG1.32× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 40
FUTURE (revenue growth)0· sector 23
PAST (return on equity)3· sector 60
HEALTH (low debt)99· sector 91
DIVIDEND (yield)55· sector 66
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Employers Holdings Inc (EIG) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $33.64 versus a price of $47.30, about 29% lower (overvalued).
What is the fair value of EIG?
Our model-based fair value for Employers Holdings Inc is $33.64 (as of Nov 6, 2026), built from audited fundamentals. The current price: $47.30.
What is the quality score of EIG?
Employers Holdings Inc has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Employers Holdings Inc (EIG)?
Our model-based price target is the fair value of $33.64 (as of Nov 6, 2026) from 6 valuation models. Cautious scenario $26.62, optimistic scenario $44.36. It is a calculation from audited fundamentals, not an analyst target.
What is the Employers Holdings Inc stock forecast for 2026?
Our models put fair value at $33.64, about 29% lower versus a price of $47.30 (overvalued). Cautious scenario $26.62, optimistic scenario $44.36. The calculation is refreshed regularly with new filings.
What is the revenue of Employers Holdings Inc (EIG)?
Employers Holdings Inc reported trailing-twelve-month revenue of about $838M (latest available figure, as of Nov 6, 2026).
Does Employers Holdings Inc pay a dividend?
Employers Holdings Inc currently shows a dividend yield of 2.75% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Employers Holdings Inc (EIG) and when is the ex-dividend date?
Employers Holdings Inc pays a dividend of $1.30 per share a year, a dividend yield of 2.7%. The last ex-dividend date was Aug 12, 2026. A dividend has been paid every year since at least 2007. The payout ratio is 73.4% of earnings. Free cash flow covers the dividend 1.82 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Employers Holdings Inc (EIG)?
For today's price to be fair in a discounted-cash-flow model, Employers Holdings Inc would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 9.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.8 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of EIG use?
Our models discount Employers Holdings Inc at 9.8 %: a base by market capitalisation (small), damped by beta 0.47, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Employers Holdings Inc that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.8 %) and the same formula as our fair value.
How much growth has Employers Holdings Inc (EIG) delivered so far?
Over the past 5 years revenue at Employers Holdings Inc grew +3.8 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Employers Holdings Inc (EIG) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Employers Holdings Inc (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Employers Holdings Inc (EIG)?
The free-cash-flow yield on the price is 4.91 %: that much free cash flow Employers Holdings Inc produces per unit of market value. When it exceeds the discount rate of our models (9.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Employers Holdings Inc (EIG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Employers Holdings Inc it is $33.64 per share (as of Nov 6, 2026), against a price of $47.30. It is the blended result of 6 valuation models in 4 families (Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is Employers Holdings Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, EIG trades above its calculated fair value: price $47.30, fair value $33.64, a gap of about −29% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of EIG?
No. The price is what the market pays today ($47.30); the fair value is what the company's own numbers justify ($33.64). For Employers Holdings Inc the two are $13.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is Employers Holdings Inc worth?
The market values Employers Holdings Inc at about $865M (market capitalisation, as of Nov 6, 2026). Per share that is $47.30; our models calculate a fair value of $33.64 per share.
What do the bullish and bearish scenarios say about EIG?
Our models span a range for Employers Holdings Inc: cautious scenario $26.62, base $33.64, optimistic $44.36 per share (as of Nov 6, 2026, price $47.30). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EIG?
Employers Holdings Inc trades at a price-to-earnings ratio of 26.7 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $33.64 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2017, FY2023 ex one-offs: 10.4. Other multiples: PEG 1.3, P/B 0.9, P/S 1.0, EV/EBITDA 51.2.
What is the PEG ratio of EIG?
The PEG ratio of Employers Holdings Inc is 1.32 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Employers Holdings Inc (EIG)?
Balance-sheet figures for Employers Holdings Inc (as of Nov 6, 2026): return on equity 0.8%, debt of 0.02 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is EIG from its 52-week high?
Employers Holdings Inc trades at $47.30, about 10% below its 52-week high of $52.72 and 28% above the low of $37.09 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $33.64 is for.
Which stocks are comparable to Employers Holdings Inc?
From the same area (Financial Services) we also value Fidelity National Financial, Inc, Medibank Private Limited, AXIS Capital Holdings, First American Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Employers Holdings Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $47.30, calculated fair value $33.64 (−29%), Quality Score 58/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of EIG calculated?
We run Employers Holdings Inc through 6 models from 4 families: Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $33.64 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Employers Holdings Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Employers Holdings Inc (EIG)?
The closing price on Nov 6, 2026 was $47.30. Our model-based fair value is $33.64, about 29% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Employers Holdings Inc right now?
The price sits above even our optimistic bull case ($44.36). The favourable scenario is already priced in. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Employers Holdings Inc (EIG) come from?
Earnings per share at Employers Holdings Inc grew +0.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.2 %, EBIT margin −2.6 %, tax rate −0.9 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Employers Holdings Inc
How large is the market capitalisation of Employers Holdings Inc (EIG)?
The market capitalisation of Employers Holdings Inc is $865M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Employers Holdings Inc (EIG)?
The price-to-sales ratio of Employers Holdings Inc is 0.34 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Employers Holdings Inc (EIG)?
Earnings per share at Employers Holdings Inc are $1.77 (price ÷ EPS = P/E 26.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Employers Holdings Inc (EIG)?
The dividend yield of Employers Holdings Inc is 2.7% (payout 73.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Employers Holdings Inc (EIG)?
The net margin of Employers Holdings Inc is 1.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Employers Holdings Inc (EIG)?
The return on equity (ROE) of Employers Holdings Inc is 0.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Employers Holdings Inc (EIG)?
On an EBIT basis the return on assets of Employers Holdings Inc is 2.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Employers Holdings Inc (EIG)?
The operating margin of Employers Holdings Inc is 16.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Employers Holdings Inc (EIG)?
Revenue at Employers Holdings Inc is growing −10.6% versus a year earlier (3y avg +6.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Employers Holdings Inc (EIG)?
Earnings per share at Employers Holdings Inc are growing +29.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Employers Holdings Inc (EIG) hold?
Employers Holdings Inc holds more cash than debt, $121M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026