Is Selective Insurance Group, Inc. overvalued or undervalued?

As of 23 July 2025, the valuation grade for Selective Insurance Group, Inc. moved from very expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 39, a Price to Book Value of 2.82, and an EV to Sales ratio of 1.76. In comparison, American Financial Group, Inc. has a P/E of 15.03, indicating that Selective may be overvalued relative to some peers, while Everest Group Ltd. is considered expensive with a P/E of 31.11.
In terms of stock performance, Selective Insurance Group has underperformed relative to the S&P 500, with a year-to-date return of -16.27% compared to the S&P's 12.22%. This trend continues over longer periods, with a 3-year return of -3.80% versus the S&P's 70.41%.