Pelagos Insurance Capital Limited (PLGO) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Pelagos Insurance Capital Limited $27.29, price $23.91, upside +14.1%, quality 49 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
39‑month range $10.98 – $25.98 · fair‑value band $20.93 – $34.89 · the $23.91 price screens below the $27.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Pelagos Insurance Capital Limited provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom. It operates in two segments: Insurance and Reinsurance.
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Pelagos Insurance Capital Limited provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom. It operates in two segments: Insurance and Reinsurance. The Insurance segment offers property, marine, asset backed finance and portfolio credit, aviation and aerospace, political risk, violence and terror, energy, cyber, and other insurance risks products. The Reinsurance segment provides property, retrocession, and whole account reinsurance solutions. The company was formerly known as Fidelis Insurance Holdings Limited and changed its name to Pelagos Insurance Capital Limited in May 2026. Pelagos Insurance Capital Limited was incorporated in 2014 and is headquartered in Pembroke, Bermuda.
Stock analysis
Pelagos Insurance Capital Limited (PLGO) currently trades at $23.91, while our model-based Fair Value estimate is $27.29, implying the stock looks roughly 12.4% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $34.29 per share, and 3 of the 6 models we run sit above the $23.91 price.
Bear case: the Dividend Discount group reads lowest at $9.25, and 3 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: $20.93 (bear) to $34.89 (bull), the price of $23.91 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 49/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Pelagos Insurance Capital Limited reported revenue of $2.2B in FY2025 versus $1.2B in FY2021, a compound +16.5%/yr. Reported net income was $226M in FY2025, compounding +34.8%/yr from FY2021.
Key figures
Market cap $2.6B · P/E ratio 6.6 · P/S ratio 0.68 · EPS (TTM) $3.64 · Dividend yield 2.3% · Net margin 10.4% · Return on equity 16.2% · Return on assets (EBIT) 5.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −23% fair-value upside, at 14%, PLGO screens cheaper than that median.
Fair Value models
Bear $20.93Fair Value $27.29Bull $34.89
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 2025 figures (about 9 months old). Earnings retained since then ($2.26 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+2.9%
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.
+12.7%
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.
+23.1%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
+21.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.7%
Dividend (yield on the price)2.3%
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.16% → 13%
2025 sits 116% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Compare Pelagos Insurance Capital Limited 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 - Diversified · 83 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+16% · Top 25%
Profitability
Return on equity (TTM)16% · Above median
Return on assets2% · Above median
Net margin (TTM)15% · Top 25%
Operating margin (TTM)19% · Top 25%
Growth and dividend
Revenue growth−7% · Bottom 25%
Dividend yield (TTM)2.3% · Below median
Balance sheet
Debt / equity0.35× · Above median
Valuation Multiplesvs Insurance - Diversified 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). "Pelagos Insurance Capital Limited Fair Value". https://www.fairvalue-calculator.com/stock/PLGO
Frequently asked questions
Is Pelagos Insurance Capital Limited (PLGO) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $27.29 versus a price of $23.91, about +14% upside (undervalued).
What is the fair value of PLGO?
Our model-based fair value for Pelagos Insurance Capital Limited is $27.29 (as of Sep 23, 2026), built from audited fundamentals. The current price: $23.91.
What is the quality score of PLGO?
Pelagos Insurance Capital Limited has a Quality Score of 49/100. 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 Pelagos Insurance Capital Limited (PLGO)?
Our model-based price target is the fair value of $27.29 (as of Sep 23, 2026) from 6 valuation models. Cautious scenario $20.93, optimistic scenario $34.89. It is a calculation from audited fundamentals, not an analyst target.
What is the Pelagos Insurance Capital Limited stock forecast for 2026?
Our models put fair value at $27.29, about +14% upside versus a price of $23.91 (undervalued). Cautious scenario $20.93, optimistic scenario $34.89. The calculation is refreshed regularly with new filings.
What is the revenue of Pelagos Insurance Capital Limited (PLGO)?
Pelagos Insurance Capital Limited reported trailing-twelve-month revenue of about $2.5B (latest available figure, as of Sep 23, 2026).
Does Pelagos Insurance Capital Limited pay a dividend?
Pelagos Insurance Capital Limited currently shows a dividend yield of about 2.30% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of Pelagos Insurance Capital Limited (PLGO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pelagos Insurance Capital Limited it is $27.29 per share (as of Sep 23, 2026), against a price of $23.91. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Pelagos Insurance Capital Limited stock overvalued or undervalued in 2026?
As of Sep 23, 2026, PLGO trades below its calculated fair value: price $23.91, fair value $27.29, a gap of about +14% (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 PLGO?
No. The price is what the market pays today ($23.91); the fair value is what the company's own numbers justify ($27.29). For Pelagos Insurance Capital Limited the two are $3.38 per share apart. That gap is exactly why we show both numbers side by side.
How much is Pelagos Insurance Capital Limited worth?
The market values Pelagos Insurance Capital Limited at about $2.6B (market capitalisation, as of Sep 23, 2026). Per share that is $23.91; our models calculate a fair value of $27.29 per share.
What do the bullish and bearish scenarios say about PLGO?
Our models span a range for Pelagos Insurance Capital Limited: cautious scenario $20.93, base $27.29, optimistic $34.89 per share (as of Sep 23, 2026, price $23.91). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PLGO?
Pelagos Insurance Capital Limited trades at a price-to-earnings ratio of 6.6 (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 $27.29 is built from several models across several years. Other multiples: P/B 1.1, P/S 1.0, EV/EBITDA 8.2.
How solid is the balance sheet of Pelagos Insurance Capital Limited (PLGO)?
Balance-sheet figures for Pelagos Insurance Capital Limited (as of Sep 23, 2026): return on equity 16.2%, debt of 0.35 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is PLGO from its 52-week high?
Pelagos Insurance Capital Limited trades at $23.91, about 8% below its 52-week high of $25.98 and 41% above the low of $16.95 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $27.29 is for.
Which stocks are comparable to Pelagos Insurance Capital Limited?
From the same area (Financial Services) we also value Allianz SE, Zurich Insurance Group, AXA SA, Assicurazioni Generali S.p.A, 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 Pelagos Insurance Capital Limited stock attractive at the current price?
The data as of Sep 23, 2026: price $23.91, calculated fair value $27.29 (+14%), Quality Score 49/100, 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 PLGO calculated?
We run Pelagos Insurance Capital Limited through 6 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 $27.29, 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 14.1 % above its aggregate fair value. Pelagos Insurance Capital Limited currently trades 14 % 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 Pelagos Insurance Capital Limited (PLGO)?
The closing price on Sep 23, 2026 was $23.91. Our model-based fair value is $27.29, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pelagos Insurance Capital Limited right now?
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Pelagos Insurance Capital Limited
How large is the market capitalisation of Pelagos Insurance Capital Limited (PLGO)?
The market capitalisation of Pelagos Insurance Capital Limited is $2.6B. 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 Pelagos Insurance Capital Limited (PLGO)?
The price-to-sales ratio of Pelagos Insurance Capital Limited is 0.68 (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 Pelagos Insurance Capital Limited (PLGO)?
Earnings per share at Pelagos Insurance Capital Limited are $3.64 (price ÷ EPS = P/E 6.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Pelagos Insurance Capital Limited (PLGO)?
The dividend yield of Pelagos Insurance Capital Limited is 2.3% (payout 15.1%). 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 Pelagos Insurance Capital Limited (PLGO)?
The net margin of Pelagos Insurance Capital Limited is 10.4% (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 Pelagos Insurance Capital Limited (PLGO)?
The return on equity (ROE) of Pelagos Insurance Capital Limited is 16.2% (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 Pelagos Insurance Capital Limited (PLGO)?
On an EBIT basis the return on assets of Pelagos Insurance Capital Limited is 5.2% (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 Pelagos Insurance Capital Limited (PLGO)?
The operating margin of Pelagos Insurance Capital Limited is 19.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pelagos Insurance Capital Limited (PLGO)?
Revenue at Pelagos Insurance Capital Limited is growing −7.3% versus a year earlier (3y avg +12.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Pelagos Insurance Capital Limited (PLGO) generate?
The free cash flow of Pelagos Insurance Capital Limited is −$410M (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 Pelagos Insurance Capital Limited (PLGO) hold?
Pelagos Insurance Capital Limited holds more cash than debt, $29.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Sep 23, 2026