Is Corebridge Financial, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Corebridge Financial, Inc. has moved from fair to attractive, indicating a more favorable outlook. The company appears to be undervalued, particularly when considering its P/E ratio of 36, which is significantly higher than the fair peer comparison of Raymond James Financial, Inc. at 18.05, and the EV to EBITDA ratio of 94.71, which is also notably elevated compared to peers like T. Rowe Price Group, Inc. at 7.77. Additionally, the Price to Book Value stands at 1.53, suggesting that the stock is trading at a premium relative to its book value.
In the context of recent performance, Corebridge Financial has underperformed against the S&P 500, with a year-to-date return of just 0.07% compared to the S&P's 14.40%. Over the past three years, however, the company has achieved a return of 38.21%, which, while lower than the S&P's 76.76%, still reflects a positive growth trajectory. This mixed performance, combined with its attractive valuation grade, suggests that Corebridge Financial may present a compelling investment opportunity despite its recent struggles.