Stock fact sheet · data as of
James River Group Holdings, Ltd. (JRVR): fair value, margin of safety and Wheel Score
Ticker symbol JRVR · Financial Services · Insurance - Specialty · United States · Value
Is JRVR undervalued?
At 3.95 (close of 5 Nov 2026), JRVR trades 75% below the GLS average fair value of 16.02. 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 77.50. 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.
Ranked against every other company we cover, JRVR is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 91, growth score 17, out of 100).
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 | 77.50 | +1862% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 14.50 | +267% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 8.67 | +119% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 1.63 | -59% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 1.93 | -51% | 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 | -85% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 7.33 | +86% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -16.81 | -526% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 4.00 | +1% | 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 "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 1.8 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
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 1.01% 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 | 1.8 / 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 30: Weak
JRVR scores 30 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 1, options that actually trade - options too quiet (1,177 open interest, 62 a day); and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 7, a premium worth selling - implied volatility 109% (over 80%); and filter 8, big enough - market cap $183M (under $1.0B); and filter 9, not a penny stock - price 3.95 (under $5), and the parts are thin too - value strong, premium weak, moat weak, health fair, red flags fair, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 109%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 1,177 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 409k shares a day on a market cap of $183M, 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 rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Fails | options too quiet (1,177 open interest, 62 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 | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 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 | Fails | implied volatility 109% (over 80%) |
| 8 | Big enough | Fails | market cap $183M (under $1.0B) |
| 9 | Not a penny stock | Fails | price 3.95 (under $5) |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 75% below fair value | |
| Premium | Weak | implied volatility 109% | |
| Moat | Weak | moat 1.8/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Fair | Red Flags score 70/100 | |
| Option trading | Weak | 62 contracts a day, 1,177 open interest | |
| Stability | Fair | beta -0.21, $183M 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
James River Group Holdings, Ltd. reports earnings on 9 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
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 |
|---|---|---|---|---|---|
| MBI MBIA Inc. | 4.52 | - | - | 25Weak | $231M |
| OSG Octave Specialty Group, Inc. | 5.22 | 9.54 | +45% | 40Weak | $235M |
| AMSF AMERISAFE, Inc. | 20.34 | 25.98 | +22% | 45Weak | $377M |
| ITIC Investors Title Company | 268.89 | 319.62 | +16% | 29No options | $508M |
| TIPT Tiptree Inc. | 17.95 | 260.65 | +93% | 46Weak | $654M |
| EIG Employers Holdings, Inc. | 47.58 | 29.35 | -62% | 32Weak | $834M |
| STLY HG Holdings, Inc. | 3.40 | 4.87 | +30% | 28No options | $17M |
| ACMTA ACMAT Corporation | 19.00 | 19.47 | +2% | 15No options | $15M |
| AGO Assured Guaranty Ltd. | 72.51 | 187.86 | +61% | 44Weak | $3.2B |
| NMIH NMI Holdings, Inc. | 43.96 | 98.38 | +55% | 54Fair | $3.3B |
| RDN Radian Group Inc. | 36.59 | 82.19 | +55% | 82Good | $4.8B |
| MTG MGIC Investment Corporation | 29.13 | 48.62 | +40% | 82Good | $6.0B |
⚖ 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 3.95 the stock is 75% below the average fair value of 16.02 (data as of 5 Nov 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 30 out of 100 (Weak) - it fails Wheel Trade Filters 1, 4, 7, 8, 9. 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 JRVR?
16.02 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 James River Group Holdings, Ltd. report earnings next?
The next earnings report is due on 9 Nov 2026 (after the close), 4 days from the data date of 5 Nov 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 8 listed contracts with 1,177 open interest across all expiries and implied volatility of 109% 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.