Is JRVR or KG more undervalued in 2026?

CirclFi compares James River Group Holdings, Inc (JRVR) and Kestrel Group, Ltd. (KG) using 13 institutional-grade valuation models. JRVR has a Quality of Company score of 5.8/10 while KG scores 6.9/10.

Which is a better buy — JRVR or KG?

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 JRVR and KG valuations compare?

JRVR at $3.91 and KG at $11.24 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

JRVR vs KG Valuation Comparison 2026 — Intrinsic Value Analysis

JRVR

Fire, Marine & Casualty Insurance

James River Group Holdings, Inc

Quality

5.8

out of 10

Value Trap

LOW

Price

$3.91

Last close

Models

9/13

Active

KG

Fire, Marine & Casualty Insurance

Kestrel Group, Ltd.

Quality

6.9

out of 10

Value Trap

—

Price

$11.24

Last close

Models

5/13

Active

Model-by-Model Comparison

Model	Type	JRVR Fair Value	JRVR Upside	KG Fair Value	KG Upside
Bayesian DCF	Intrinsic	$1.40	-64.3%	$42.20	+275.4%
Earnings Power Value	Intrinsic	$3.36	-14.1%	$49.84	+343.4%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%

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JRVR vs KG — Which Stock Is More Undervalued?

KG scores higher with a 6.9/10 quality rating vs JRVR's 5.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing James River Group Holdings, Inc (JRVR) and Kestrel Group, Ltd. (KG) 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.

JRVR currently trades at $3.91 with a QOC of 5.8/10, while KG trades at $11.24 with a QOC of 6.9/10.

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).