Watch Trisura Group Ltd for free: we tell you when fair value or trend changes.

Trisura Group Ltd (TSU) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Trisura Group Ltd stock C$24.90, price C$29.58, that is 15.8% below the price, quality 58 out of 100. Rating: overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.

4 models, one by oneBear C$19.22 to bull C$38.29 Growth analysisrevenue history, year by year Quality 58/100 in detail37 factors, each one shown Compared with its peersrank on every measure, side by side

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Financial Services CA · ISIN CA89679A2092

Some data Nov 6, 2026

Trisura Group Ltd

TSU · TO

Solid, but expensive

Our calculation puts a fair price 16% below what the stock costs today.

Healthy Growth (revenue 5y +30.8 %/yr in CAD)

Positive coverage

Costs just 9.2 times its yearly profit.

Quality 58/100

Thin margins · 4.4% net margin (TTM)

Moderate moat 46/100

Some data

Fair value C$24.90 · Overvalued

Trails peers (5/13)

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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See 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 C$29.28 – C$49.62 · fair‑value band C$19.22 – C$38.29 · the C$29.58 price screens above the C$24.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.

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Company profile

Trisura Group Ltd., a specialty insurance company, operates in the surety, warranty, corporate insurance, and program and fronting businesses in Canada and the United States. The company operates in two segments: Trisura Specialty and Trisura US Programs.

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It offers contract surety bonds, such as performance and labour and material payment bonds for construction industry; commercial surety bonds, including license and permit, tax and excise, and fiduciary bonds; Developer surety bonds, comprising bonds to secure real estate developers; and new home warranty insurance for residential homes.

The company also provides directors' and officers' insurance for private, and non-profit and public enterprises; professional liability insurance for both enterprises and professionals; technology and cyber liability insurance for enterprises; commercial package insurance for both enterprises and professionals; and fidelity insurance for both commercial enterprises and financial institutions.

Trisura Group Ltd. was founded in 2006 and is headquartered in Toronto, Canada.

Stock analysis

Trisura Group Ltd (TSU) currently trades at C$29.58, while our model-based Fair Value estimate is C$24.90, 16% below the price, so the stock looks overvalued today.

Valuation

Bull case: the Multiples group reads highest at a median of C$33.07 per share, and 1 of the 4 models we run sit above the C$29.58 price.

Bear case: the Asset-Based group reads lowest at C$9.92, and 3 of the 4 models stay below the price. Data coverage for this calculation is medium.

Scenario range: C$19.22 (bear) to C$38.29 (bull), the price of C$29.58 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 58/100 (solid quality), in the Financial Services sector.

Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Trisura Group Ltd reported revenue of C$868M in FY2025 versus C$350M in FY2021, a compound +25.5%/yr. Reported net income was C$142M in FY2025, compounding +22.8%/yr from FY2021.

Key figures

Market cap C$2.0B (≈ $1.4B) Small · P/E ratio 9.2 · P/S ratio 0.61 · EPS (TTM) C$3.22 · Net margin 4.4% · Return on equity 15.2% · Return on assets (EBIT) 2.7% (5-year average) · Operating margin 4.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (medium confidence).

What moves the price

The share trades about 40% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at −16%, TSU screens richer than that median.

Fair Value models

Bear C$19.22 Fair Value C$24.90 Bull C$38.29

Price C$29.58 · Downside -15.8%

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 (C$2.76 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.

Best data coverage

Residual Income C$19.22 C$24.90 C$38.29 69

P/E Multiple C$29.37 C$39.17 C$48.96 63

P/B Multiple C$20.22 C$26.96 C$33.70 55

All 4 models by family

Multiples

P/E Multiple C$29.37 C$39.17 C$48.96 63

P/B Multiple C$20.22 C$26.96 C$33.70 55

Asset-Based

NCAV (Graham) C$6.55 C$9.92 C$12.40 54

Economic Profit

Residual Income C$19.22 C$24.90 C$38.29 69

Open the full fair value analysis →

Quality Score breakdown

Overall quality 58/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 34

How much profit the company makes from its sales and capital

Quality Growth 59

Are margins and returns getting better?

Cashflow 100

Do the profits arrive as real cash?

Financial strength 19

Debt, balance sheet and risk of trouble

Investment 58

Does it invest with discipline instead of growing at any price?

Low Volatility 62

How calm the share price moves, does not count

Price momentum 18

Price momentum of the last 3 to 12 months, does not count

Near the 52-week high 5

Distance to the 52-week high, does not count

New shares 81

Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 95/100

Revenue growth appears healthy and is supported by profitability and cash-flow quality.

Revenue growth 1 year

+11.4%

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.

+18.6%

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.

+30.8%

Start year 2020 (pandemic)

Revenue growth 9 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.

+27.7%

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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.

+29.0%

Earnings growth per share plus dividend.

Earnings per share, growth per year+29.0%

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.29.0% vs 36.9%, 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.17% → 22%

2025 sits 107% above its own trend. The rate follows the median trend of the last 5 years, not that single year.

Pace: the 5-year rate starts in 2020 (pandemic)

TSU screens overvalued: fair value 16% below the price. Compare with Fidelity National Financial, Inc →

Earlier news

News mood ⓘNews mood, the average tone of recent news (87 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.

Does Trisura Group (TSX:TSU) Merit Its Premium On Earnings? Yahoo Finance · Oct 16, 2026
Trisura Announces Timing of Second Quarter Results Release and Earnings Conference Call GlobeNewswire · Jul 30, 2026
Trisura Chief Executive Officer David Clare to Hold Virtual Fireside Chat with CIBC Capital Markets GlobeNewswire · May 25, 2026
Trisura Group Announces Changes to Its Board of Directors GlobeNewswire · Apr 2, 2026

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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 4/12 measures

Overall it trails its industry peers.

Valuation

Quality Score 58 · Below median

Fair Value upside −15.8% · Below median

Profitability

Return on equity (12 months) 15.2% · Above median

Return on assets 2.8% · Bottom 25%

Net margin (12 months) 4.4% · Bottom 25%

Operating margin (12 months) 4.3% · Bottom 25%

Growth and dividend

Revenue growth (quarter YoY) 4.0% · Below median

Valuation Multiplesvs Insurance - Specialty median · lower = cheaper

P/E (12 months) 9.2× · Cheaper than median

P/B 2.16× · Priciest 25%

P/S (12 months) 0.61× · Cheapest 25%

Price / free cash flow (fiscal year) 5.3× · Cheapest 25%

EV/EBITDA 8.4× · Priciest 25%

Strength profile in five axes (Snowflake)

This stock

Sector peers

VALUE (fair-value potential)12 · sector 40

FUTURE (revenue growth)20 · sector 23

PAST (return on equity)61 · sector 60

HEALTH (low debt)–

DIVIDEND (yield)0 · sector 66

HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Insurance - Specialty stocks, each showing price versus our Fair Value estimate.

Stock	Price	Fair Value	vs Fair Value	Compare
Assured Guaranty Ltd AGO	$73.45	$119.47	+63%	vs TSU
NMI Holdings NMIH	$39.03	$47.67	+22%	vs TSU
Radian Group RDN	$35.97	$40.29	+12%	vs TSU
Essent Group ESNT	$63.41	$71.00	+12%	vs TSU
AXIS Capital Holdings AXS	$105.97	$117.17	+11%	vs TSU
MGIC Investment Corporation MTG	$28.60	$29.94	+5%	vs TSU
Enact Holdings ACT	$46.43	$44.39	−4%	vs TSU
First American Financial Corporation FAF	$67.01	$52.72	−21%	vs TSU
Fidelity National Financial, Inc FNF	$43.84	$29.18	−33%	vs TSU
Medibank Private Limited MPL	A$5.18	A$1.95	−62%	vs TSU

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Trisura Group Ltd: fair value per Fair Value Calculator

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Cite: Fair Value Calculator (2026). "Trisura Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/TSU

Frequently asked questions

Is Trisura Group Ltd (TSU) overvalued or undervalued?

As of Nov 6, 2026, our model estimates a fair value of C$24.90 versus a price of C$29.58, about 16% lower (overvalued).

What is the fair value of TSU?

Our model-based fair value for Trisura Group Ltd is C$24.90 (as of Nov 6, 2026), built from audited fundamentals. The current price: C$29.58.

What is the quality score of TSU?

Trisura Group Ltd 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 Trisura Group Ltd (TSU)?

Our model-based price target is the fair value of C$24.90 (as of Nov 6, 2026) from 4 valuation models. Cautious scenario C$19.22, optimistic scenario C$38.29. It is a calculation from audited fundamentals, not an analyst target.

What is the Trisura Group Ltd stock forecast for 2026?

Our models put fair value at C$24.90, about 16% lower versus a price of C$29.58 (overvalued). Cautious scenario C$19.22, optimistic scenario C$38.29. The calculation is refreshed regularly with new filings.

What is the intrinsic value of Trisura Group Ltd (TSU)?

Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Trisura Group Ltd it is C$24.90 per share (as of Nov 6, 2026), against a price of C$29.58. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).

Is Trisura Group Ltd stock overvalued or undervalued in 2026?

As of Nov 6, 2026, TSU trades above its calculated fair value: price C$29.58, fair value C$24.90, a gap of about −16% (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 TSU?

No. The price is what the market pays today (C$29.58); the fair value is what the company's own numbers justify (C$24.90). For Trisura Group Ltd the two are C$4.68 per share apart. That gap is exactly why we show both numbers side by side.

How much is Trisura Group Ltd worth?

The market values Trisura Group Ltd at about C$2.0B (market capitalisation, as of Nov 6, 2026). Per share that is C$29.58; our models calculate a fair value of C$24.90 per share.

What do the bullish and bearish scenarios say about TSU?

Our models span a range for Trisura Group Ltd: cautious scenario C$19.22, base C$24.90, optimistic C$38.29 per share (as of Nov 6, 2026, price C$29.58). The range comes from different growth and margin assumptions, not from analyst opinions.

What is the P/E ratio of TSU?

Trisura Group Ltd trades at a price-to-earnings ratio of 9.2 (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 C$24.90 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 24.0. Other multiples: P/B 2.2, P/S 0.6, EV/EBITDA 8.4.

How solid is the balance sheet of Trisura Group Ltd (TSU)?

Balance-sheet figures for Trisura Group Ltd (as of Nov 6, 2026): return on equity 15.2%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.

How far is TSU from its 52-week high?

Trisura Group Ltd trades at C$29.58, about 40% below its 52-week high of C$49.62 and at the low of C$29.58 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$24.90 is for.

Which stocks are comparable to Trisura Group Ltd?

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 Trisura Group Ltd stock attractive at the current price?

The data as of Nov 6, 2026: price C$29.58, calculated fair value C$24.90 (−16%), Quality Score 58/100, 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 TSU calculated?

We run Trisura Group Ltd through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of C$24.90 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 13.3% above its aggregate fair value. Trisura Group Ltd 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 Trisura Group Ltd (TSU)?

The closing price on Nov 6, 2026 was C$29.58. Our model-based fair value is C$24.90, about 16% lower (overvalued). We carry closing prices from our data provider, not a live tick.

What should I pay attention to with Trisura Group Ltd right now?

Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (C$19.22 to C$38.29) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Trisura Group Ltd

How large is the market capitalisation of Trisura Group Ltd (TSU)?

The market capitalisation of Trisura Group Ltd is C$2.0B (≈ $1.4B). 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 Trisura Group Ltd (TSU)?

The price-to-sales ratio of Trisura Group Ltd is 0.61 (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 Trisura Group Ltd (TSU)?

Earnings per share at Trisura Group Ltd are C$3.22 (price ÷ EPS = P/E 9.2). Earnings per share over the last twelve months: total profit spread across every single share.

What is the net margin of Trisura Group Ltd (TSU)?

The net margin of Trisura Group Ltd is 4.4% (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 Trisura Group Ltd (TSU)?

The return on equity (ROE) of Trisura Group Ltd is 15.2% (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 Trisura Group Ltd (TSU)?

On an EBIT basis the return on assets of Trisura Group Ltd is 2.7% (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 Trisura Group Ltd (TSU)?

The operating margin of Trisura Group Ltd is 4.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.

How fast is revenue growing at Trisura Group Ltd (TSU)?

Revenue at Trisura Group Ltd is growing +4.0% versus a year earlier (3y avg +18.6%). 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 Trisura Group Ltd (TSU)?

Earnings per share at Trisura Group Ltd are growing −31.6% versus a year earlier. How much earnings per share grew versus a year earlier.

How much free cash flow does Trisura Group Ltd (TSU) generate?

The free cash flow of Trisura Group Ltd is C$378M (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 Trisura Group Ltd (TSU) hold?

Trisura Group Ltd holds more cash than debt, C$131M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.

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