Stock fact sheet · data as of
Employers Holdings, Inc. (EIG): fair value, margin of safety and Wheel Score
Ticker symbol EIG · Financial Services · Insurance - Specialty · United States · Blend
Is EIG undervalued?
Employers Holdings, Inc. (EIG) closed at 47.58 on 5 Nov 2026, 62% above the GLS average fair value of 29.35. 6 of the 7 models that produced a number value the shares below the current price. A gap this wide usually means the market is paying for growth or a story the trailing numbers do not show yet; the models work from filed results, not forecasts, so they are conservative by design.
There is a wide gap between GLS Growth (4.50) and DCF (86.79). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for EIG, so the nightly engine files it under Blend (value score 35, growth score 17, out of 100).
Nine valuation models for EIG
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 | 86.79 | +82% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 38.95 | -18% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 29.95 | -37% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 8.78 | -82% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 4.50 | -91% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 19.42 | -59% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 17.07 | -64% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -29.51 | -162% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Employers Holdings, Inc. scores 5 of 9 on the Piotroski F-score: a middling result that falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability EIG scores 6.9/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are thin or negative - ROIC 1.1%, ROE 1.1%, ROA 0.3% - with debt at 0.04 times equity and negative free cash flow.
The dividend yield is 2.77% at a payout ratio of 94%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Insurance Operations 100% (quarter Q3 FY2026).
Institutional ownership scores 8/10, insider activity 2/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 1.1% |
|---|---|---|---|
| GLS Moat | 6.9 / 10 | ROE | 1.1% |
| Debt / equity | 0.04 | ROA | 0.3% |
| Free-cash-flow yield | -2.4% | Payout ratio | 94% |
| Institutions | 8 / 10 | Insiders · Congress | 2 · 5 / 10 |
Wheel Score 32: Weak
With a Wheel Score of 32 Employers Holdings, Inc. sits in the Weak band. It fails filter 1, options that actually trade - options too quiet (16 open interest, 19 a day); and filter 3, below fair value - trades 62% above our fair value; and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 8, big enough - market cap $834M (under $1.0B); Value (weak) is its weakest part.
Implied volatility is 40% on the near-the-money contracts 20-60 days out - inside the 35-60% sweet spot the Wheel Score rewards most: enough premium to be worth selling, not so much that the risk is unpaid. Chain open interest is thin - 16 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 232k shares a day on a market cap of $834M, with a beta of 0.51 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (16 open interest, 19 a day) |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 62% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Fails | market cap $834M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 62% above fair value | |
| Premium | Strong | implied volatility 40% | |
| Moat | Good | moat 6.9/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Weak | Red Flags score 62/100 | |
| Option trading | Weak | 19 contracts a day, 16 open interest | |
| Stability | Fair | beta 0.51, $834M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for EIG in the nightly calendar. The shares go ex-dividend on 12 Nov 2026 (0.3400 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Specialty
The 12 companies below are the closest to Employers Holdings, Inc. by market cap within the Insurance - Specialty 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 |
|---|---|---|---|---|---|
| TIPT Tiptree Inc. | 17.95 | 260.65 | +93% | 46Weak | $654M |
| ITIC Investors Title Company | 268.89 | 319.62 | +16% | 29No options | $508M |
| AMSF AMERISAFE, Inc. | 20.34 | 25.98 | +22% | 45Weak | $377M |
| OSG Octave Specialty Group, Inc. | 5.22 | 9.54 | +45% | 40Weak | $235M |
| MBI MBIA Inc. | 4.52 | - | - | 25Weak | $231M |
| AGO Assured Guaranty Ltd. | 72.51 | 187.86 | +61% | 44Weak | $3.2B |
| NMIH NMI Holdings, Inc. | 43.96 | 98.38 | +55% | 54Fair | $3.3B |
| JRVR James River Group Holdings, Ltd. | 3.95 | 16.02 | +75% | 30Weak | $183M |
| RDN Radian Group Inc. | 36.59 | 82.19 | +55% | 82Good | $4.8B |
| MTG MGIC Investment Corporation | 29.13 | 48.62 | +40% | 82Good | $6.0B |
| ESNT Essent Group Ltd. | 69.34 | 106.71 | +35% | 51Fair | $6.2B |
| ACT Enact Holdings Inc. | 48.24 | 66.67 | +28% | 53Fair | $6.6B |
⚖ Compare EIG with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about EIG
Is EIG undervalued right now?
No: at 47.58 the stock trades 62% above the GLS average fair value of 29.35 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of EIG and what does it mean?
EIG scores 32 out of 100 (Weak) - it fails Wheel Trade Filters 1, 3, 4, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for EIG?
29.35 per share as of 5 Nov 2026 - the simple average of the 7 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 Employers Holdings, Inc. report earnings next?
No upcoming earnings date is recorded for EIG in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does EIG have listed options, and how liquid are they?
Yes. The nightly snapshot found 46 listed contracts with 16 open interest across all expiries and implied volatility of 40% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.