Horace Mann Educators (HMN) Stock Looks Stretched On Fair Value Yet Reasonable On Earnings

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Horace Mann Educators has almost doubled shareholders' money over the past three years, yet the latest intrinsic value work using the Excess Returns model suggests the stock trades at a premium to ...

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2662759913"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2662759913\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2662759913?lang=en_US&edition=fundamental","thumbnail":"https://images.simplywall.st/asset/industry/7213000-choice1-main-header/1585187033619","is_english":true,"pubTime":"2026-08-26 01:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2662759913","market":"us","top_or_hot":-1,"title":"Horace Mann Educators (HMN) Stock Looks Stretched On Fair Value Yet Reasonable On Earnings","media":"Simply Wall St.","content":"<div>\n<p>Horace Mann Educators has almost doubled shareholders' money over the past three years, yet the latest intrinsic value work using the Excess Returns model suggests the stock trades at a premium to ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/insurance/nyse-hmn/horace-mann-educators/news/horace-mann-educators-hmn-stock-looks-stretched-on-fair-valu\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The stock has returned 97.2% over the past three years, which puts extra focus on whether the current price already reflects much of the good news in the story. Future cash flow and earnings can benefit if Horace Mann Educators continues to manage underwriting discipline and investment returns well. However, any pressure on claim costs or capital levels may limit how much value investors are willing to ascribe to those cash flows. The company passes 0 of 6 broad valuation checks, which indicates that on Simply Wall St’s wider tests Horace Mann Educators does not screen as a clear bargain at current levels.  The issue now is whether that three year share price gain and the premium to the intrinsic value estimate leave enough upside to justify the current valuation. Horace Mann Educators delivered 16.8% returns over the last year. See how this stacks up to the rest of the Insurance industry. AdvertisementHas Horace Mann Educators Run Too Far on Excess Returns? The Excess Returns model for Horace Mann Educators compares what shareholders earn on equity with the cost of that equity to estimate intrinsic value. For this stock, the model uses a Book Value of $37.11 per share and a Stable EPS of $2.56 per share, based on the median return on equity from the past 5 years. The implied Cost of Equity is $2.29 per share, which leaves an Excess Return of $0.27 per share on an Average Return on Equity of 8.09%. Those inputs produce an estimated intrinsic value of $39.19 per share. The current share price is about 30.6% higher than that figure. The model also assumes a Stable Book Value of $31.60 per share, using the median book value from the past 5 years. This points to a relatively mature earnings profile rather than aggressive growth assumptions. On this Excess Returns view, Horace Mann Educators stock currently appears overvalued relative to the model’s estimated intrinsic value. Our Excess Returns analysis suggests Horace Mann Educators may be overvalued by 30.6%. Discover 49 high quality undervalued stocks or create your own screener to find better value opportunities. HMN Discounted Cash Flow as at Aug 2026 Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Horace Mann Educators. Does Horace Mann Educators Look Fairly Valued on Earnings? P/E works well for Horace Mann Educators because earnings are positive and the business has an established profitability record. At the moment the stock trades on a P/E of about 11.7x, which sits close to the Insurance industry average of roughly 11.2x and also above the broader peer group average of 7.9x. That suggests the market is willing to pay a modest premium to peers, while keeping Horace Mann Educators broadly aligned with the sector. The fair P/E ratio from the model is 11.6x, very close to where the stock currently trades. This fair ratio reflects what investors might typically pay after factoring in Horace Mann Educators' earnings profile, risks and market position, rather than just matching the simple industry average. With the current P/E only slightly above this level, the stock does not screen as either especially cheap or especially expensive on an earnings basis. On the P/E multiple, Horace Mann Educators stock currently looks priced at roughly fair value. NYSE:HMN P/E Ratio as at Aug 2026 See what the numbers say about this price — find out in our valuation breakdown. The Horace Mann Educators Narrative: What Would Justify Today's Price? Simply Wall St Narratives for Horace Mann Educators pick up where this valuation puzzle leaves off. They spell out what would need to happen to Horace Mann Educators' future growth, margins and earnings for the stock to be worth meaningfully more or less than today’s price, and each one presents fair value as a thesis about the business that you can track over time. They are available on Simply Wall St's Community page. If you have a clear, number driven view on where Horace Mann Educators' growth, margins and execution go from here, share a Narrative in the Simply Wall St community and put your thesis on record. You can then track how it holds up as new results and valuation data come through. Do you think there's more to the story for Horace Mann Educators? Head over to our Community to see what others are saying! The Bottom Line For Horace Mann Educators, the Excess Returns intrinsic value estimate sits meaningfully below the current share price. The P/E view points to a stock that is roughly in line with sector norms rather than clearly mispriced. Broader valuation checks are weak, which tempers the message from the more neutral earnings multiple. The key debate from here is whether Horace Mann Educators can sustain returns on equity and underwriting discipline at a level that justifies paying above the intrinsic value estimate, or whether the current valuation already reflects that outcome.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Horace Mann Educators might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}