Is Global Indemnity Group LLC overvalued or undervalued?

As of 14 November 2025, the valuation grade for Global Indemnity Group LLC has moved from fair to attractive, indicating a more favorable assessment of its value. The company appears to be undervalued, especially considering its P/E ratio of 17, which is slightly above the peer average of 16.15 for Global Indemnity and 16.53 for Universal Insurance Holdings. Additionally, the price to book value stands at 0.71, suggesting that the stock is trading below its book value, which is a positive indicator for value investors.
Despite the attractive valuation, the company has faced significant challenges, as reflected in its recent performance, with a year-to-date return of -23.06%, compared to a 14.49% return for the S&P 500. This underperformance over the past year, alongside a negative EV to EBITDA ratio of -32.49, highlights the operational difficulties the company may be experiencing. Overall, while Global Indemnity Group LLC shows signs of being undervalued based on its valuation ratios, the recent stock performance raises concerns that warrant caution.