Is SiriusPoint Ltd. overvalued or undervalued?

As of 11 September 2025, the valuation grade for SiriusPoint Ltd. has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company appears overvalued based on its current metrics, particularly with a P/E ratio of 14, which is lower than the peer average of 19.09, and an EV to EBITDA ratio of 126.42, which is considerably high compared to its peers. Additionally, the Price to Book Value stands at 1.12, suggesting that the stock is trading at a premium relative to its book value.
In comparison to its peers, American Financial Group, Inc. has a P/E ratio of 15.03 and RenaissanceRe Holdings Ltd. boasts a much lower P/E of 6.29, highlighting SiriusPoint's relative overvaluation. While the company has performed well over the long term, with a 3-year return of 264.04% compared to the S&P 500's 70.41%, its recent performance has been less favorable, with a 1-week return of -5.95% against the S&P 500's 1.05%. This suggests that despite historical gains, the current valuation may not be justified in light of its recent stock performance.