Is BWIN or ERIE more undervalued in 2026?

CirclFi compares The Baldwin Insurance Group, In (BWIN) and Erie Indemnity Company (ERIE) using 13 institutional-grade valuation models. BWIN has a Quality of Company score of 6.7/10 while ERIE scores 9.6/10.

Which is a better buy — BWIN or ERIE?

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 BWIN and ERIE valuations compare?

BWIN at $19.86 and ERIE at $218.19 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

BWIN vs ERIE Valuation Comparison 2026 — Intrinsic Value Analysis

BWIN

Insurance Brokers

The Baldwin Insurance Group, In

Quality

6.7

out of 10

Value Trap

SAFE

Price

$19.86

Last close

Models

12/13

Active

ERIE

Insurance Brokers

Erie Indemnity Company

Quality

9.6

out of 10

Value Trap

SAFE

Price

$218.19

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	BWIN Fair Value	BWIN Upside	ERIE Fair Value	ERIE Upside
Bayesian DCF	Intrinsic	$0.92	-95.4%	$157.38	-27.9%
Earnings Power Value	Intrinsic	$16.40	-34.7%	$106.65	-51.1%
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	$•••.••	••.•%	$•••.••	••.•%

🔒

Unlock Full 13-Model Comparison

Access all valuation models for BWIN vs ERIE — including EROIC Spread, First Chicago, Markov DDM, PWERM, and 7 more.

Access Full Analysis — From $27/mo →

BWIN vs ERIE — Which Stock Is More Undervalued?

ERIE scores higher with a 9.6/10 quality rating vs BWIN's 6.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing The Baldwin Insurance Group, In (BWIN) and Erie Indemnity Company (ERIE) 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.

BWIN currently trades at $19.86 with a QOC of 6.7/10, while ERIE trades at $218.19 with a QOC of 9.6/10.

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).