Hagerty Valuation

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

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate HGTY's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HGTY's fair value for valuation analysis.

Key Valuation Metric

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

Key metric: As HGTY is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HGTY. This is calculated by dividing HGTY's market cap by their current earnings.
What is HGTY's PE Ratio?
PE Ratio	50.4x
Earnings	US$19.92m
Market Cap	US$3.80b

HGTY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.2x
Enterprise Value/EBITDA	15.1x
PEG Ratio	3.4x

Price to Earnings Ratio vs Peers

How does HGTY's PE Ratio compare to its peers?

The above table shows the PE ratio for HGTY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	85.2x
GSHD Goosehead Insurance	149.1x	51.3%	US$4.4b
TWFG TWFG	75x	43.3%	US$1.8b
RYAN Ryan Specialty Holdings	86.6x	44.5%	US$18.4b
BRO Brown & Brown	30.1x	3.2%	US$31.3b
HGTY Hagerty	50.4x	14.7%	US$3.8b

Price-To-Earnings vs Peers: HGTY is good value based on its Price-To-Earnings Ratio (50.4x) compared to the peer average (85.2x).

Price to Earnings Ratio vs Industry

How does HGTY's PE Ratio compare vs other companies in the US Insurance Industry?

2 Companies	Price / Earnings	Estimated Growth	Market Cap
UTGN UTG	2x	n/a	US$85.49m
CUII China United Insurance Service	0.0003x	n/a	US$3.13k

No more companies available in this PE range

2 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: HGTY is expensive based on its Price-To-Earnings Ratio (50.4x) compared to the US Insurance industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

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

HGTY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	50.4x
Fair PE Ratio	15.2x

Price-To-Earnings vs Fair Ratio: HGTY is expensive based on its Price-To-Earnings Ratio (50.4x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).

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 HGTY forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	US$11.15	US$11.50 +3.1%	4.3%	US$12.00	US$11.00	n/a	2
Aug ’25	US$11.09	US$10.50 -5.3%	4.8%	US$11.00	US$10.00	n/a	2
Jul ’25	US$10.53	US$9.75 -7.4%	2.6%	US$10.00	US$9.50	n/a	2
Jun ’25	US$9.62	US$11.50 +19.5%	21.6%	US$15.00	US$9.50	n/a	3
May ’25	US$8.89	US$11.33 +27.5%	23.2%	US$15.00	US$9.00	n/a	3
Apr ’25	US$9.13	US$11.33 +24.1%	23.2%	US$15.00	US$9.00	n/a	3
Mar ’25	US$8.69	US$11.33 +30.4%	23.2%	US$15.00	US$9.00	n/a	3
Feb ’25	US$7.98	US$11.33 +42.0%	23.2%	US$15.00	US$9.00	n/a	3
Jan ’25	US$7.80	US$12.50 +60.3%	20.0%	US$15.00	US$10.00	n/a	2
Dec ’24	US$8.65	US$12.50 +44.5%	20.0%	US$15.00	US$10.00	n/a	2
Nov ’24	US$7.84	US$12.50 +59.4%	20.0%	US$15.00	US$10.00	US$10.92	2

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

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