Is Corebridge Financial, Inc. overvalued or undervalued?

As of 28 November 2025, the valuation grade for Corebridge Financial, Inc. moved from fair to attractive, indicating a more favorable assessment of its market position. The company appears to be undervalued, particularly when considering its P/E ratio of 36, which, while high, is lower than the peer Ares Management Corp. at 111.58, and its EV to Sales ratio of 1.31, which is competitive compared to the industry. Additionally, the Price to Book Value stands at 1.53, suggesting potential for growth relative to its book value.
In the peer comparison, Corebridge's P/E ratio is notably lower than that of Ares Management Corp. and Principal Financial Group, Inc., which has a P/E of 30.84, while Raymond James Financial, Inc. presents a fair valuation at 18.05. Despite a challenging year with a 1Y return of -7.37% compared to the S&P 500's 14.18%, Corebridge's 3Y return of 39.11% indicates a strong performance over a longer horizon, suggesting resilience and potential for recovery.