The Baldwin Insurance Group, Inc.

NasdaqGS:BWIN Stock Report

Market Cap: US$3.9b

Baldwin Insurance Group Valuation

Is BWIN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BWIN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: Insufficient data to calculate BWIN's future cash flow value for valuation analysis.

Significantly Below Future Cash Flow Value: Insufficient data to calculate BWIN's future cash flow value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BWIN?

Key metric: As BWIN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for BWIN. This is calculated by dividing BWIN's market cap by their current revenue.
What is BWIN's PS Ratio?
PS Ratio1.6x
SalesUS$1.74b
Market CapUS$3.94b

Price to Sales Ratio vs Peers

How does BWIN's PS Ratio compare to its peers?

The above table shows the PS ratio for BWIN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8x
HGTY Hagerty
1x5.12%US$4.6b
NP Neptune Insurance Holdings
23.9x16.97%US$4.4b
GSHD Goosehead Insurance
3.3x15.38%US$2.1b
ARX Accelerant Holdings
4x12.12%US$4.3b
BWIN Baldwin Insurance Group
1.6x12.51%US$3.9b

Price-To-Sales vs Peers: BWIN is good value based on its Price-To-Sales Ratio (1.6x) compared to the peer average (8x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does BWIN's PS Ratio compare vs other companies in the US Insurance Industry?

8 CompaniesPrice / SalesEstimated GrowthMarket Cap
SLQT SelectQuote
0.06x-5.87%US$88.62m
CCG Cheche Group
0.09x10.35%US$32.57m
EHTH eHealth
0.06x-2.58%US$29.57m
AAME Atlantic American
0.1xn/aUS$26.11m
BWIN 1.6xIndustry Avg. 1.2xNo. of Companies23PS00.81.62.43.24+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BWIN is expensive based on its Price-To-Sales Ratio (1.6x) compared to the US Insurance industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is BWIN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BWIN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.6x
Fair PS Ratio1x

Price-To-Sales vs Fair Ratio: BWIN is expensive based on its Price-To-Sales Ratio (1.6x) compared to the estimated Fair Price-To-Sales Ratio (1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BWIN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$29.39
US$32.22
+9.64%
12.90%US$38.00US$26.00n/a9
Sep ’27US$30.26
US$32.22
+6.48%
12.90%US$38.00US$26.00n/a9
Aug ’27US$27.74
US$31.22
+12.55%
13.57%US$38.00US$26.00n/a9
Jul ’27US$26.91
US$29.67
+10.24%
16.13%US$37.00US$24.00n/a9
Jun ’27US$20.19
US$29.56
+46.39%
20.62%US$40.00US$23.00n/a9
May ’27US$22.03
US$29.33
+33.15%
21.44%US$40.00US$23.00n/a9
Apr ’27US$21.53
US$30.00
+39.34%
21.77%US$40.00US$21.00n/a9
Mar ’27US$23.23
US$31.78
+36.80%
20.76%US$44.00US$21.00n/a9
Feb ’27US$21.92
US$33.38
+52.26%
17.34%US$44.00US$26.00n/a8
Jan ’27US$24.03
US$33.50
+39.41%
19.35%US$47.00US$25.00n/a8
Dec ’26US$27.95
US$33.63
+20.30%
19.33%US$47.00US$24.00n/a8
Nov ’26US$22.10
US$38.00
+71.95%
20.34%US$52.00US$28.00n/a8
Oct ’26US$27.12
US$40.63
+49.80%
16.42%US$52.00US$31.00n/a8
Sep ’26US$31.67
US$41.38
+30.64%
14.40%US$52.00US$31.00US$30.268
Aug ’26US$35.31
US$47.63
+34.88%
12.33%US$55.00US$36.00US$27.748
Jul ’26US$41.58
US$46.88
+12.73%
12.60%US$55.00US$34.00US$26.918
Jun ’26US$38.53
US$46.50
+20.69%
13.26%US$55.00US$34.00US$20.198
May ’26US$40.75
US$48.38
+18.71%
15.71%US$60.00US$34.00US$22.038
Apr ’26US$43.93
US$48.00
+9.26%
18.19%US$60.00US$33.00US$21.538
Mar ’26US$41.14
US$47.29
+14.94%
19.27%US$60.00US$33.00US$23.237
Feb ’26US$40.95
US$49.14
+20.01%
14.61%US$60.00US$38.00US$21.927
Jan ’26US$38.76
US$50.86
+31.21%
13.44%US$60.00US$41.00US$24.037
Dec ’25US$48.96
US$51.00
+4.17%
12.96%US$60.00US$43.00US$27.957
Nov ’25US$45.29
US$54.00
+19.23%
10.52%US$60.00US$46.00US$22.107
Oct ’25US$49.10
US$45.29
-7.77%
10.27%US$50.00US$38.00US$27.127
Sep ’25US$46.89
US$45.29
-3.42%
10.27%US$50.00US$38.00US$31.677
US$32.22
Fair Value
8.8% undervalued intrinsic discount
9
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 23:20
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Baldwin Insurance Group, Inc. is covered by 15 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael ZaremskiBMO Capital Markets Equity Research
null nullBMO Capital Markets Equity Research
Charles LedererBMO Capital Markets Equity Research