Stock fact sheet · data as of
James River Group Holdings, Ltd. (JRVR): fair value, margin of safety and Wheel Score
Financial Services · Insurance - Specialty · United States · Value
Is JRVR undervalued?
At 3.71 (close of 16 Oct 2026), JRVR trades 77% below the GLS average fair value of 15.89. That average comes from 7 models run on the latest filings, and 4 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns James River Group Holdings, Ltd. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 7 models disagree widely: DDM gives 0.5886 while DCF gives 76.56. 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 JRVR under Value: positive earnings at a P/E of 18 or less.
Nine valuation models for JRVR
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 | 76.56 | +1963% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 14.50 | +291% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 8.67 | +134% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 1.63 | -56% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.93 | -48% | 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 | 0.5886 | -84% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 7.33 | +98% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -16.81 | -553% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 4.00 | +8% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - JRVR 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 low at 2.4 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC 4.7%, ROE 7.1%, ROA 1.0% - with debt at 0.49 times equity and negative free cash flow.
The dividend yield is 1.08% with a payout ratio of 32% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Excess And Surplus Lines 96%, Specialty Admitted Insurance 4% (quarter Q2 FY2026).
Institutional ownership scores 9/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 5 / 9 | ROIC | 4.7% |
|---|---|---|---|
| GLS Moat | 2.4 / 10 | ROE | 7.1% |
| Debt / equity | 0.49 | ROA | 1.0% |
| Free-cash-flow yield | -1.3% | Payout ratio | 32% |
| Institutions | 9 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 60: Fair
JRVR scores 60 out of 100 on the Wheel Score (Fair band, 50-64): a usable but unremarkable fit for the wheel strategy. The parts: Value 25/25, Health 11/20, Moat 4/15, Premium 12/20, Stability 9/20. Moat (4/15) is where the points are missing.
Implied volatility is 91% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (12 of 20) because volatility this high usually comes with a reason. Chain open interest is 2,703 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 256k shares a day on a market cap of $172M, with a beta of -0.21 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 9 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 77% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 4 / 15 | moat 2.4/10 | |
| Premium | 12 / 20 | implied volatility 91% | |
| Stability | 9 / 20 | 256k shares/day, $172M cap, beta -0.21 |
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 2 Nov 2026 (after the close), 17 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 - Specialty
The 12 companies below are the closest to James River Group Holdings, Ltd. 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 |
|---|---|---|---|---|---|
| OSG Octave Specialty Group, Inc. | 4.60 | 9.52 | +52% | 45Weak | $207M |
| MBI MBIA Inc. | 4.39 | 15.52 | +72% | 45Weak | $224M |
| AMSF AMERISAFE, Inc. | 25.04 | 28.94 | +13% | 66Good | $464M |
| ITIC Investors Title Company | 288.15 | 318.19 | +9% | 39No options | $544M |
| TIPT Tiptree Inc. | 16.90 | 265.66 | +94% | 72Good | $629M |
| EIG Employers Holdings, Inc. | 50.45 | 21.00 | -140% | 46Weak | $906M |
| STLY HG Holdings, Inc. | 3.58 | 4.87 | +27% | 39No options | $18M |
| ACMTA ACMAT Corporation | 19.00 | 19.14 | +1% | 35No options | $15M |
| NMIH NMI Holdings, Inc. | 40.10 | 97.71 | +59% | 88Prime | $3.0B |
| AGO Assured Guaranty Ltd. | 69.86 | 187.20 | +63% | 77Good | $3.1B |
| RDN Radian Group Inc. | 33.41 | 81.50 | +59% | 85Prime | $4.4B |
| MTG MGIC Investment Corporation | 27.61 | 49.38 | +44% | 89Prime | $5.7B |
⚖ Compare JRVR with 7 of them All Financial Services stocks →
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Start free See the Sunday ScanQuestions about JRVR
Is JRVR undervalued right now?
By the GLS models, yes: at 3.71 the stock is 77% below the average fair value of 15.89 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of JRVR and what does it mean?
JRVR scores 60 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for JRVR?
15.89 per share as of 16 Oct 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 James River Group Holdings, Ltd. report earnings next?
The next earnings report is due on 2 Nov 2026 (after the close), 17 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does JRVR have listed options, and how liquid are they?
Yes. The nightly snapshot found 34 listed contracts with 2,703 open interest across all expiries and implied volatility of 91% 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.