Atlantic American Corporation (AAME) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Atlantic American Corporation $2.72, price $1.39, upside +95.7%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $1.28 – $4.80 · fair‑value band $2.09 – $3.45 · the $1.39 price screens below the $2.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments.
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Atlantic American Corporation, through its subsidiaries, provides life and health, and property and casualty insurance products in the United States. It operates through American Southern and Bankers Fidelity segments. The company offers property and casualty insurance products, including commercial automobile insurance coverage for state governments, local municipalities, and other motor pools and fleets; general liability insurance; and inland marine insurance products. It also provides surety bond coverage for subdivision construction; school bus contracts; and performance and payment bonds. In addition, the company offers individual and group whole life insurance products; Medicare supplement insurance products; other accident and health insurance products comprising various individual and group policies for the payment of standard benefits for the treatment of cancer and other critical illnesses; Vantage Flex Plus, a hospital indemnity plan; and Vantage Recovery short-term care product and a group whole life product. It markets its products through independent agents and brokers. The company was founded in 1937 and is based in Atlanta, Georgia. Atlantic American Corporation operates as a subsidiary of Atlantic American / Delta Group.
Stock analysis
Atlantic American Corporation (AAME) currently trades at $1.39, while our model-based Fair Value estimate is $2.72, implying the stock looks roughly 48.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $3.78 per share, and 7 of the 7 models we run sit above the $1.39 price.
Bear case: the Multiples group reads lowest at $3.01, and 0 of the 7 models stay below the price. Evidence for this calculation is medium.
Scenario range: $2.09 (bear) to $3.45 (bull), the price of $1.39 sits below 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 48/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Atlantic American Corporation reported revenue of $188M in FY2024 versus $195M in FY2020, a compound −0.9%/yr. Reported net income was −$4.3M in FY2024.
Key figures
Market cap $36.1M · P/E ratio 6.0 · P/S ratio 0.17 · EPS (TTM) $0.2300 · Dividend yield 2.2% · Net margin −2.3% · Return on equity 4.8% · Return on assets (EBIT) 0.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 58% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −35% fair-value upside, at 96%, AAME screens cheaper than that median.
Fair Value models
Bear $2.09Fair Value $2.72Bull $3.45
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2024 figures (about 12 months old). Earnings retained since then ($0.2300 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.Evidence ⓘEvidence = 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.
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.32/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+0.8%
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.
−1.9%
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.
−1.0%
Revenue growth 39 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.
+0.9%
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Profit margin (trend) ⓘ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.
−0.2% (2019) → −2.8% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−11.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −13.6% a year for the price.
Compare Atlantic American Corporation with another stock
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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 - Life · 95 stocks
Beats the industry median on 7/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score50 · Below median
Fair Value upside+96% · Top 25%
Profitability
Return on equity (TTM)5% · Bottom 25%
Return on assets1% · Above median
Net margin (TTM)2% · Bottom 25%
Operating margin (TTM)3% · Bottom 25%
Growth and dividend
Revenue growth21% · Above median
Dividend yield (TTM)2.2% · Below median
Balance sheet
Debt / equity0.34× · Above median
Valuation Multiplesvs Insurance - Life median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Atlantic American Corporation Fair Value". https://www.fairvalue-calculator.com/stock/AAME
Frequently asked questions
Is Atlantic American Corporation (AAME) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $2.72 versus a price of $1.39, about +96% upside (undervalued).
What is the fair value of AAME?
Our model-based fair value for Atlantic American Corporation is $2.72 (as of Sep 23, 2026), built from audited fundamentals. The current price: $1.39.
What is the quality score of AAME?
Atlantic American Corporation has a Quality Score of 48/100. 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 Atlantic American Corporation (AAME)?
Our model-based price target is the fair value of $2.72 (as of Sep 23, 2026) from 7 valuation models. Cautious scenario $2.09, optimistic scenario $3.45. It is a calculation from audited fundamentals, not an analyst target.
What is the Atlantic American Corporation stock forecast for 2026?
Our models put fair value at $2.72, about +96% upside versus a price of $1.39 (undervalued). Cautious scenario $2.09, optimistic scenario $3.45. The calculation is refreshed regularly with new filings.
What is the revenue of Atlantic American Corporation (AAME)?
Atlantic American Corporation reported trailing-twelve-month revenue of about $208M (latest available figure, as of Sep 23, 2026).
Does Atlantic American Corporation pay a dividend?
Atlantic American Corporation currently shows a dividend yield of about 2.24% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Atlantic American Corporation (AAME)?
For today's price to be fair in a discounted-cash-flow model, Atlantic American Corporation would have to grow free cash flow by -11.5 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.0 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of AAME use?
Our models discount Atlantic American Corporation at 9.1 %: a base by market capitalisation (nano), damped by beta 0.74, 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 Atlantic American Corporation that is -11.5 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Atlantic American Corporation (AAME) delivered so far?
Over the past 5 years revenue at Atlantic American Corporation grew -1.0 % a year. The price currently implies -11.5 % per year free-cash-flow growth a 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 Atlantic American Corporation (AAME) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Atlantic American Corporation (-11.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Atlantic American Corporation (AAME)?
The free-cash-flow yield on the price is 16.13 %: that much free cash flow Atlantic American Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Atlantic American Corporation (AAME)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Atlantic American Corporation it is $2.72 per share (as of Sep 23, 2026), against a price of $1.39. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Atlantic American Corporation stock overvalued or undervalued in 2026?
As of Sep 23, 2026, AAME trades below its calculated fair value: price $1.39, fair value $2.72, a gap of about +96% (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 AAME?
No. The price is what the market pays today ($1.39); the fair value is what the company's own numbers justify ($2.72). For Atlantic American Corporation the two are $1.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Atlantic American Corporation worth?
The market values Atlantic American Corporation at about $36.1M (market capitalisation, as of Sep 23, 2026). Per share that is $1.39; our models calculate a fair value of $2.72 per share.
What do the bullish and bearish scenarios say about AAME?
Our models span a range for Atlantic American Corporation: cautious scenario $2.09, base $2.72, optimistic $3.45 per share (as of Sep 23, 2026, price $1.39). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AAME?
Atlantic American Corporation trades at a price-to-earnings ratio of 6.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $2.72 is built from several models across several years. Other multiples: PEG 2.4, P/B 0.4, P/S 0.2, EV/EBITDA 3.4.
What is the PEG ratio of AAME?
The PEG ratio of Atlantic American Corporation is 2.43 (P/E divided by earnings growth, as of Sep 23, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Atlantic American Corporation (AAME)?
Balance-sheet figures for Atlantic American Corporation (as of Sep 23, 2026): return on equity 4.8%, debt of 0.34 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is AAME from its 52-week high?
Atlantic American Corporation trades at $1.39, about 58% below its 52-week high of $3.33 and 9% above the low of $1.28 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $2.72 is for.
Which stocks are comparable to Atlantic American Corporation?
From the same area (Financial Services) we also value China Life Insurance Company, Ping An Insurance (Group) Company, AIA Group, Manulife 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 Atlantic American Corporation stock attractive at the current price?
The data as of Sep 23, 2026: price $1.39, calculated fair value $2.72 (+96%), Quality Score 48/100, from 7 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 AAME calculated?
We run Atlantic American Corporation through 7 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $2.72, 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 13.2 % above its aggregate fair value. Atlantic American Corporation currently trades 96 % 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 Atlantic American Corporation (AAME)?
The closing price on Sep 23, 2026 was $1.39. Our model-based fair value is $2.72, about +96% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Atlantic American Corporation right now?
The price is below even our cautious bear case ($2.09). The market is more pessimistic than our downside scenario. Solid quality (48/100) 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.
Key figures of Atlantic American Corporation
How large is the market capitalisation of Atlantic American Corporation (AAME)?
The market capitalisation of Atlantic American Corporation is $36.1M. 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 Atlantic American Corporation (AAME)?
The price-to-sales ratio of Atlantic American Corporation is 0.17 (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 Atlantic American Corporation (AAME)?
Earnings per share at Atlantic American Corporation are $0.2300 (price ÷ EPS = P/E 6.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Atlantic American Corporation (AAME)?
The dividend yield of Atlantic American Corporation is 2.2% (payout 13.5%). 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 Atlantic American Corporation (AAME)?
The net margin of Atlantic American Corporation is −2.3% (fiscal year 2024). 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 Atlantic American Corporation (AAME)?
The return on equity (ROE) of Atlantic American Corporation is 4.8% (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 Atlantic American Corporation (AAME)?
On an EBIT basis the return on assets of Atlantic American Corporation is 0.8% (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 Atlantic American Corporation (AAME)?
The operating margin of Atlantic American Corporation is 2.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Atlantic American Corporation (AAME)?
Revenue at Atlantic American Corporation is growing +20.8% versus a year earlier (3y avg −1.9%). 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 Atlantic American Corporation (AAME)?
Earnings per share at Atlantic American Corporation are growing −78.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Atlantic American Corporation (AAME) carry?
The net debt of Atlantic American Corporation is $2.2M (fiscal year 2024, ≈ 0.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Sep 23, 2026