W. R. Berkley Corporation

NYSE:WRB Stock Report

Market Cap: US$22.7b

W. R. Berkley Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 WRB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$127.81
Fair Value
53.7% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: WRB ($59.19) is trading below our estimate of fair value ($127.81)

Significantly Below Fair Value: WRB is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for WRB. This is calculated by dividing WRB's market cap by their current earnings.
What is WRB's PE Ratio?
PE Ratio14.3x
EarningsUS$1.58b
Market CapUS$22.67b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for WRB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.5x
CINF Cincinnati Financial
7.1x-39.0%US$22.0b
MKL Markel Group
8.1x-11.7%US$22.8b
ERIE Erie Indemnity
35.6x23.8%US$21.2b
L Loews
11.2xn/aUS$18.8b
WRB W. R. Berkley
14.3x5.7%US$22.7b

Price-To-Earnings vs Peers: WRB is good value based on its Price-To-Earnings Ratio (14.3x) compared to the peer average (15.5x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
UTGN UTG
2.1xn/aUS$93.81m
AIFU AIX
1xn/aUS$22.14m
AORE.F American Overseas Group
2.3xn/aUS$15.74m
CUII China United Insurance Service
0.0003xn/aUS$3.13k
No more companies available in this PE range
WRB 14.3xIndustry Avg. 13.1xNo. of Companies17PE01020304050+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: WRB is expensive based on its Price-To-Earnings Ratio (14.3x) compared to the US Insurance industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is WRB'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.

WRB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.3x
Fair PE Ratio14.5x

Price-To-Earnings vs Fair Ratio: WRB is good value based on its Price-To-Earnings Ratio (14.3x) compared to the estimated Fair Price-To-Earnings Ratio (14.5x).

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 WRB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$59.19
US$62.95
+6.3%
11.3%US$75.00US$50.00n/a16
Jan ’26US$58.52
US$64.13
+9.6%
10.0%US$76.00US$52.00n/a15
Dec ’25US$64.55
US$63.86
-1.1%
11.0%US$76.00US$49.00n/a14
Nov ’25US$57.50
US$62.57
+8.8%
10.4%US$76.00US$49.00n/a14
Oct ’25US$57.26
US$59.21
+3.4%
8.5%US$68.00US$49.00n/a14
Sep ’25US$59.70
US$59.46
-0.4%
8.7%US$68.00US$49.00n/a13
Aug ’25US$54.77
US$59.46
+8.6%
8.7%US$68.00US$49.00n/a13
Jul ’25US$52.68
US$59.28
+12.5%
9.1%US$68.67US$47.33n/a13
Jun ’25US$54.02
US$58.03
+7.4%
9.0%US$65.33US$47.33n/a13
May ’25US$51.85
US$58.13
+12.1%
9.0%US$65.33US$47.33n/a13
Apr ’25US$58.33
US$56.33
-3.4%
10.1%US$63.33US$43.33n/a13
Mar ’25US$55.13
US$56.33
+2.2%
10.1%US$63.33US$43.33n/a13
Feb ’25US$53.52
US$56.08
+4.8%
10.2%US$63.33US$43.33n/a13
Jan ’25US$47.15
US$49.92
+5.9%
9.0%US$56.67US$41.33US$58.5213
Dec ’24US$48.84
US$49.39
+1.1%
9.5%US$56.67US$41.33US$64.5512
Nov ’24US$45.29
US$49.06
+8.3%
9.1%US$56.67US$41.33US$57.5012
Oct ’24US$42.33
US$48.44
+14.5%
8.7%US$55.33US$41.33US$57.2612
Sep ’24US$41.62
US$48.44
+16.4%
8.7%US$55.33US$41.33US$59.7012
Aug ’24US$41.13
US$48.39
+17.7%
8.7%US$55.33US$41.33US$54.7712
Jul ’24US$39.71
US$49.67
+25.1%
8.5%US$56.00US$42.00US$52.6812
Jun ’24US$37.94
US$49.67
+30.9%
8.5%US$56.00US$42.00US$54.0212
May ’24US$39.82
US$50.22
+26.1%
8.2%US$56.00US$42.00US$51.8512
Apr ’24US$41.51
US$53.61
+29.2%
9.2%US$58.67US$40.00US$58.3312
Mar ’24US$44.83
US$54.11
+20.7%
9.1%US$58.67US$40.00US$55.1312
Feb ’24US$46.05
US$54.11
+17.5%
9.1%US$58.67US$40.00US$53.5212
Jan ’24US$48.38
US$52.85
+9.2%
9.1%US$58.67US$40.00US$47.1511
Analyst Price Target
Consensus Narrative from 16 Analysts
US$62.95
Fair Value
6.0% undervalued intrinsic discount
16
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/21 23:26
End of Day Share Price 2025/01/21 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 world class team 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 .

Analyst Sources

W. R. Berkley Corporation is covered by 33 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullArgus Research Company
Alex ScottBarclays
Michael ZaremskiBMO Capital Markets Equity Research