Is AXS or DGICA more undervalued in 2026?

CirclFi compares Axis Capital Holdings Limited (AXS) and Donegal Group, Inc. (DGICA) using 13 institutional-grade valuation models. AXS has a Quality of Company score of 8.7/10 while DGICA scores 8.8/10.

Which is a better buy — AXS or DGICA?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do AXS and DGICA valuations compare?

AXS at $94.93 and DGICA at $16.97 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

AXS vs DGICA Valuation Comparison 2026 — Intrinsic Value Analysis

AXS

Fire, Marine & Casualty Insurance

Axis Capital Holdings Limited

Quality

8.7

out of 10

Value Trap

SAFE

Price

$94.93

Last close

Models

12/13

Active

DGICA

Fire, Marine & Casualty Insurance

Donegal Group, Inc.

Quality

8.8

out of 10

Value Trap

SAFE

Price

$16.97

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	AXS Fair Value	AXS Upside	DGICA Fair Value	DGICA Upside
Bayesian DCF	Intrinsic	$105.23	+10.9%	$18.42	+8.5%
Earnings Power Value	Intrinsic	$126.86	+33.6%	$24.20	+42.6%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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AXS vs DGICA — Which Stock Is More Undervalued?

DGICA scores higher with a 8.8/10 quality rating vs AXS's 8.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Axis Capital Holdings Limited (AXS) and Donegal Group, Inc. (DGICA) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

AXS currently trades at $94.93 with a QOC of 8.7/10, while DGICA trades at $16.97 with a QOC of 8.8/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).