Stock fact sheet · data as of
Bowhead Specialty Holdings Inc. (BOW): fair value, margin of safety and Wheel Score
Financial Services · Insurance - Property & Casualty · United States · High Growth
Is BOW undervalued?
Bowhead Specialty Holdings Inc. (BOW) closed at 34.01 on 16 Oct 2026. The GLS average fair value - the simple average of the 8 valuation models that produced a positive number - is 94.11, which puts the price 64% below it. 5 of the 8 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
The 8 models disagree widely: EPV gives 21.00 while 10 Cap gives 209.55. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files BOW under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for BOW
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 79.56 | +134% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 24.72 | -27% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 81.52 | +140% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 33.65 | -1% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 115.72 | +240% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 209.55 | +516% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 187.13 | +450% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 21.00 | -38% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -6.87 | -120% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 32.80 | -4% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - BOW passes 5 of the nine Piotroski tests, which falls one point short of the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is 8.6 out of 10, built from ten years of revenue, earnings, margins, cash flow, share count and returns on capital scored for consistency - a high reading that points to a durable business.
Returns on capital are moderate - ROIC 9.0%, ROE 12.0%, ROA 2.3% - with debt at 0.33 times equity and a free-cash-flow yield of 29.2%.
Bowhead Specialty Holdings Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain.
Institutional ownership scores 10/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 9.0% |
|---|---|---|---|
| GLS Moat | 8.6 / 10 | ROE | 12.0% |
| Debt / equity | 0.33 | ROA | 2.3% |
| Free-cash-flow yield | 29.2% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
BOW has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 165k shares a day on a market cap of $1.1B, with a beta of -0.11 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 10 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 64% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 13 / 15 | moat 8.6/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 10 / 20 | 165k shares/day, $1.1B cap, beta -0.11 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 3 Nov 2026 (before the open), 18 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Property & Casualty
The 12 companies below are the closest to Bowhead Specialty Holdings Inc. by market cap within the Insurance - Property & Casualty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| HRTG Heritage Insurance Holdings, Inc. | 36.61 | 198.51 | +82% | 79Good | $1.1B |
| TRUP Trupanion, Inc. | 26.73 | 23.57 | -13% | 63Fair | $1.2B |
| ASIC Ategrity Specialty Holdings LLC | 26.87 | 67.08 | +60% | 39No options | $1.3B |
| UVE Universal Insurance Holdings, Inc. | 46.70 | 199.23 | +77% | 83Prime | $1.3B |
| AFGE American Financial Group, Inc. | 16.16 | 118.35 | +86% | 39No options | $1.3B |
| HIPO Hippo Holdings Inc. | 35.26 | 130.72 | +73% | 68Good | $930M |
| UFCS United Fire Group, Inc. | 55.48 | 141.85 | +61% | 75Good | $1.4B |
| AFGC American Financial Group, Inc. | 18.09 | 120.23 | +85% | 39No options | $1.5B |
| SAFT Safety Insurance Group, Inc. | 103.94 | 196.31 | +47% | 72Good | $1.5B |
| STC Stewart Information Services Corporation | 50.84 | 67.19 | +24% | 75Good | $1.6B |
| MHLA Maiden Holdings, Ltd. 6.625 NT 2046 | 8.91 | 13.70 | +35% | 38No options | $772M |
| KMPB Kemper Corporation 5.875% Fixed | 24.76 | 90.04 | +73% | 39No options | $1.7B |
⚖ Compare BOW with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about BOW
Is BOW undervalued right now?
By the GLS models, yes: at 34.01 the stock is 64% below the average fair value of 94.11 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of BOW and what does it mean?
BOW has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for BOW?
94.11 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Bowhead Specialty Holdings Inc. report earnings next?
The next earnings report is due on 3 Nov 2026 (before the open), 18 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does BOW have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on BOW, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.