Is ProAssurance Corp. overvalued or undervalued?

As of 14 November 2025, the valuation grade for ProAssurance Corp. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 33, a Price to Book Value of 1.13, and a PEG Ratio of 0.21, which suggests that the stock may be undervalued relative to its growth potential.
In comparison to its peers, The Hanover Insurance Group, Inc. has a P/E of 19.44, while Mercury General Corp. shows a P/E of 11.03, indicating that ProAssurance is trading at a premium relative to some of its competitors. Despite this, the PEG ratio of 0.21 suggests that it may offer growth at a reasonable price compared to its industry peers. Although specific return data is not available, the overall valuation narrative indicates that ProAssurance Corp. is positioned fairly within the insurance sector.