Looking into the current session, Donegal Gr Inc. (NASDAQ:DGICB) shares are trading at $15.10, after a 9.04% decrease. Over the past month, the stock fell by 1.19%, but over the past year, it actually increased by 47.56%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.

Donegal Gr P/E Compared to Competitors

The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued.

Compared to the aggregate P/E ratio of the 22.79 in the Insurance industry, Donegal Gr Inc. has a lower P/E ratio of 8.06. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued.