Is Horace Mann Educators Corp. overvalued or undervalued?

As of 6 August 2025, the valuation grade for Horace Mann Educators Corp. has moved from expensive to fair. Based on the current metrics, the company appears fairly valued. Key valuation ratios include a P/E ratio of 25, a Price to Book Value of 2.15, and a PEG Ratio of 0.33, which suggests that the stock is reasonably priced relative to its growth potential.
In comparison to its peers, Horace Mann's P/E ratio of 21.74 is higher than that of American Financial Group, which stands at 15.03, indicating a premium valuation, while its PEG ratio is more favorable than that of Selective Insurance Group at 0.34. Despite recent underperformance against the S&P 500 over the 1-week and 3-year periods, where it returned -2.61% and 28.20% respectively, the company has outperformed the index on a year-to-date and 1-year basis, with returns of 18.10% and 35.35%.