Is Corebridge Financial, Inc. overvalued or undervalued?

As of 8 May 2025, the valuation grade for Corebridge Financial, Inc. has moved from fair to very expensive, indicating that the company is currently overvalued. The P/E ratio stands at 36, significantly higher than peers such as Northern Trust Corp. at 11.61 and Franklin Resources, Inc. at 12.66, which further supports the conclusion of overvaluation. Additionally, the EV to EBITDA ratio is exceptionally high at 94.71, suggesting that investors are paying a premium for earnings relative to its peers.
Corebridge's current price of 32.77 reflects a substantial premium compared to its book value of 1.53, and its ROE of 4.25% is relatively low, indicating inefficiencies in generating returns for shareholders. Given these metrics, Corebridge Financial, Inc. appears to be overvalued in comparison to its industry and peer group, despite its recent stock performance showing a slight outperformance against the S&P 500 over the past year.