Is Corebridge Financial, Inc. overvalued or undervalued?

As of 4 August 2025, the valuation grade for Corebridge Financial, Inc. has moved from very expensive to risky, indicating a shift in perception regarding its valuation. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 36 and an EV to EBITDA of 94.71, both of which are significantly higher than its peers. For comparison, Raymond James Financial, Inc. has a P/E of 18.05 and an EV to EBITDA of 7.96, suggesting that Corebridge is trading at a premium relative to more fairly valued competitors.
Additionally, Corebridge's return on equity (ROE) stands at a low 4.25%, further supporting the notion of overvaluation given the high price ratios. The stock has underperformed against the S&P 500 over the past week and month, with returns of -3.98% and -4.63%, respectively, while it has outperformed on a year-to-date basis with a return of 8.69% compared to the S&P 500's 12.22%. Overall, these factors suggest that Corebridge Financial, Inc. is currently overvalued in the market.