Is Corebridge Financial, Inc. overvalued or undervalued?

As of 21 November 2025, the valuation grade for Corebridge Financial, Inc. has moved from fair to attractive, indicating a more favorable assessment of its value. The company appears to be undervalued, especially when considering its P/E ratio of 36, which is significantly lower than the peer average of 111.58 for Ares Management Corp. and 18.05 for Raymond James Financial, Inc. Additionally, Corebridge's price to book value stands at 1.53, while its EV to EBITDA is notably high at 94.71, suggesting potential inefficiencies in earnings relative to its enterprise value.
In comparison to its peers, Corebridge Financial, Inc. shows a more attractive valuation despite the high EV to EBITDA ratio, with Ares Management Corp. and Principal Financial Group, Inc. both exhibiting higher P/E ratios. Over the past year, Corebridge has underperformed against the S&P 500, with a return of -10.42% compared to the index's 11.00%, which may further support the notion of undervaluation as the market has not fully recognized its potential.