Siriuspoint Ltd (SPNT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Siriuspoint Ltd stock $34.35, price $26.33, upside +30.5%, quality 63 out of 100. Rating: undervalued. Calculated from audited financials with 4 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 8, 2026.
How to read this chart
60‑month range $4.16 – $26.33 · fair‑value band $25.76 – $42.93 · the $26.33 price screens below the $34.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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SiriusPoint Ltd. provides multi-line reinsurance and insurance products and services worldwide. It operates in four segments: Global P&C Programs, Global Reinsurance, Global Accident & Health, and London Market Specialty.
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Global P&C Programs segment offers programs space, by further strengthening its offering to clients and distribution partners globally. , Global Reinsurance segment provides casualty, property, and other specialties, such as proportional and excess of loss, treaty and facultative, aviation and space, marine and energy and, credit to insurance and reinsurance companies, government entities, and other risk bearing vehicles.
London Market Specialty segment provides London casualty, energy, property, and marine leaders services. It provides accident and health, property and casualty, aviation and space, credit, surety, marine and energy, and mortgage.
It offers medical insurance products, trip cancellation programs, medical management services, and 24/7 emergency medical and travel assistance services. The company was formerly known as Third Point Reinsurance Ltd. and changed its name to SiriusPoint Ltd. in February 2021.
SiriusPoint Ltd. was incorporated in 2011 and is headquartered in Pembroke, Bermuda.
Stock analysis
Siriuspoint Ltd (SPNT) currently trades at $26.33, while our model-based Fair Value estimate is $34.35, implying the stock looks roughly 23% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of $35.94 per share, and 2 of the 4 models we run sit above the $26.33 price.
Bear case: the Asset-Based group reads lowest at $11.44, and 2 of the 4 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $25.76 (bear) to $42.93 (bull), the price of $26.33 sits inside 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 63/100 (solid quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Siriuspoint Ltd reported revenue of $3.2B in FY2025 versus $2.2B in FY2021, a compound +9.6%/yr. Reported net income was $460M in FY2025, compounding +67.7%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap $3.1B Mid · P/E ratio 6.5 · P/S ratio 1.00 · EPS (TTM) $4.07 · Net margin 16.1% · Return on equity 22.6% · Return on assets (EBIT) 1.0% (5-year average) · Operating margin 14.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 36% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 7% fair-value upside, at 30%, SPNT screens cheaper than that median.
Fair Value models
Bear$25.76Fair Value $34.35Bull$42.93
Price $26.33 · Upside +30.5%
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 ($3.48 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.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+22.6%
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.
+13.9%
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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. Basis: adjusted.
+22.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+22.3%
Dividend (yield on the price)0.0%
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.base effect: 19.6% / 26.2%
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.17% → 17%
News mood ⓘNews mood, the average tone of recent news (85 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.Positive
Recent news coverage is more positive than average.
AI conclusion: Specialty underwriting in areas such as SportsSecure strengthens positioning, while catastrophe exposure in reinsurance creates persistent earnings volatility.
Main risk: Catastrophe exposure in the reinsurance book threatens underwriting margins during adverse loss events and soft pricing periods.
SiriusPoint has just rolled out SportsSecure, a new coverage for college athletic programs that addresses injury risks tied to name-image-likeness deals and revenue sharing. The move builds on its specialty underwriting focus while the reinsurance book still faces catastrophe exposure and pricing cycles. Our models see the shares as undervalued, yet will the expansion into these emerging athlete-related lines add more durable earnings power than it introduces fresh volatility?
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 - Reinsurance · 22 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside+30.5% · Above median
Profitability
Return on equity (12 months)22.6% · Top 25%
Return on assets3.7% · Above median
Net margin (12 months)16.1% · Above median
Operating margin (12 months)14.4% · Below median
Growth and dividend
Revenue growth (quarter YoY)16.5% · Top 25%
Balance sheet
Debt / equity0.28× · Above median
Valuation Multiplesvs Insurance - Reinsurance median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "Siriuspoint Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SPNT
Frequently asked questions
Is Siriuspoint Ltd (SPNT) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $34.35 versus a price of $26.33, about +30% upside (undervalued).
What is the fair value of SPNT?
Our model-based fair value for Siriuspoint Ltd is $34.35 (as of Nov 8, 2026), built from audited fundamentals. The current price: $26.33.
What is the quality score of SPNT?
Siriuspoint Ltd has a Quality Score of 63/100. 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 Siriuspoint Ltd (SPNT)?
Our model-based price target is the fair value of $34.35 (as of Nov 8, 2026) from 4 valuation models. Cautious scenario $25.76, optimistic scenario $42.93. It is a calculation from audited fundamentals, not an analyst target.
What is the Siriuspoint Ltd stock forecast for 2026?
Our models put fair value at $34.35, about +30% upside versus a price of $26.33 (undervalued). Cautious scenario $25.76, optimistic scenario $42.93. The calculation is refreshed regularly with new filings.
What is the revenue of Siriuspoint Ltd (SPNT)?
Siriuspoint Ltd reported trailing-twelve-month revenue of about $3.1B (latest available figure, as of Nov 8, 2026).
Does Siriuspoint Ltd pay a dividend?
Siriuspoint Ltd does not currently pay a dividend.
What is the intrinsic value of Siriuspoint Ltd (SPNT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Siriuspoint Ltd it is $34.35 per share (as of Nov 8, 2026), against a price of $26.33. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Siriuspoint Ltd stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SPNT trades below its calculated fair value: price $26.33, fair value $34.35, a gap of about +30% (undervalued). 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 SPNT?
No. The price is what the market pays today ($26.33); the fair value is what the company's own numbers justify ($34.35). For Siriuspoint Ltd the two are $8.02 per share apart. That gap is exactly why we show both numbers side by side.
How much is Siriuspoint Ltd worth?
The market values Siriuspoint Ltd at about $3.1B (market capitalisation, as of Nov 8, 2026). Per share that is $26.33; our models calculate a fair value of $34.35 per share.
What do the bullish and bearish scenarios say about SPNT?
Our models span a range for Siriuspoint Ltd: cautious scenario $25.76, base $34.35, optimistic $42.93 per share (as of Nov 8, 2026, price $26.33). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SPNT?
Siriuspoint Ltd trades at a price-to-earnings ratio of 6.5 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $34.35 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2017 to 2025), earnings ex one-offs: 9.3. Other multiples: P/B 1.3, P/S 1.0, EV/EBITDA 6.9.
How solid is the balance sheet of Siriuspoint Ltd (SPNT)?
Balance-sheet figures for Siriuspoint Ltd (as of Nov 8, 2026): return on equity 22.6%, debt of 0.28 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is SPNT from its 52-week high?
Siriuspoint Ltd trades at $26.33, at its 52-week high of $26.33 and 36% above the low of $19.32 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $34.35 is for.
Which stocks are comparable to Siriuspoint Ltd?
From the same area (Financial Services) we also value MUV2, Swiss Re AG, Hannover Rück SE, Reinsurance Group, 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 Siriuspoint Ltd stock attractive at the current price?
The data as of Nov 8, 2026: price $26.33, calculated fair value $34.35 (+30%), Quality Score 63/100, from 4 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 SPNT calculated?
We run Siriuspoint Ltd through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of $34.35 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. Siriuspoint Ltd currently trades 23% below its own fair value, and the market average says nothing about that. 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 Siriuspoint Ltd (SPNT)?
The closing price on Nov 6, 2026 was $26.33. Our model-based fair value is $34.35, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Siriuspoint Ltd right now?
Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. 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 Siriuspoint Ltd (SPNT) come from?
Earnings per share at Siriuspoint Ltd grew +22.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +13.7 %, EBIT margin +5.7 %, tax rate +0.8 %, residual (interest, one-offs) +0.8 %. 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 Siriuspoint Ltd
How large is the market capitalisation of Siriuspoint Ltd (SPNT)?
The market capitalisation of Siriuspoint Ltd is $3.1B. 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 Siriuspoint Ltd (SPNT)?
The price-to-sales ratio of Siriuspoint Ltd is 1.00 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Siriuspoint Ltd (SPNT)?
Earnings per share at Siriuspoint Ltd are $4.07 (price ÷ EPS = P/E 6.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Siriuspoint Ltd (SPNT)?
The net margin of Siriuspoint Ltd is 16.1% (last twelve months). 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 Siriuspoint Ltd (SPNT)?
The return on equity (ROE) of Siriuspoint Ltd is 22.6% (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 Siriuspoint Ltd (SPNT)?
On an EBIT basis the return on assets of Siriuspoint Ltd is 1.0% (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 Siriuspoint Ltd (SPNT)?
The operating margin of Siriuspoint Ltd is 14.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Siriuspoint Ltd (SPNT)?
Revenue at Siriuspoint Ltd is growing +16.5% versus a year earlier (3y avg +13.9%). 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 Siriuspoint Ltd (SPNT)?
Earnings per share at Siriuspoint Ltd are growing +1.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Siriuspoint Ltd (SPNT) generate?
The free cash flow of Siriuspoint Ltd is $102M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Siriuspoint Ltd (SPNT) hold?
Siriuspoint Ltd holds more cash than debt, $42.6M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 8, 2026
