Is Assurant, Inc. overvalued or undervalued?

As of 6 May 2025, the valuation grade for Assurant, Inc. has moved from fair to expensive, indicating that the company is overvalued. The current P/E ratio stands at 16, which is below the industry average P/E of approximately 19.43, as seen with Cincinnati Financial Corp., while Unum Group, which is rated attractive, has a P/E of 13.72. Additionally, Assurant's EV to EBITDA ratio is notably high at 48.20, suggesting a premium valuation compared to its peers.
In terms of key financial metrics, Assurant's Price to Book Value is 2.06, and it boasts a dividend yield of 149.48%, which is significantly higher than typical yields in the industry. Despite a solid ROE of 12.81%, the overall valuation suggests that Assurant, Inc. is overvalued relative to its peers and the market. The company's recent stock performance has lagged behind the S&P 500, particularly over the year-to-date period, where it has returned -6.35% compared to the S&P 500's 2.44%.