Is Greenlight Capital Re Ltd. overvalued or undervalued?

As of 8 May 2025, the valuation grade for Greenlight Capital Re Ltd. has moved from attractive to fair. The company is currently fairly valued based on its financial metrics. The P/E ratio stands at 11, while the Price to Book Value is 0.75, indicating a discount compared to its book value. Additionally, the ROE is reported at 6.81%, which is relatively modest.
In comparison to its peers, Greenlight Capital Re Ltd. has a P/E ratio of 10.96, which is lower than HCI Group, Inc. at 13.47 and significantly lower than Safety Insurance Group, Inc. at 19.04. This suggests that while Greenlight is fairly valued, it is trading at a discount compared to some of its competitors. Notably, the stock has outperformed the S&P 500 over the past year with a return of 13.66% compared to the index's 10.26%, reinforcing its current valuation stance.