Is F&G Annuities & Life, Inc. overvalued or undervalued?

As of 20 February 2025, the valuation grade for F&G Annuities & Life, Inc. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics. The P/E ratio stands at 8, significantly lower than the peer average of approximately 12.11, while the Price to Book Value is at 1.03, and the PEG Ratio is notably low at 0.08, indicating potential undervaluation relative to growth expectations.
In comparison to its peers, Unum Group has a P/E of 13.25, and Kinsale Capital Group, Inc. has a P/E of 23.57, both suggesting that F&G Annuities & Life, Inc. is positioned attractively within the industry. Despite this fair valuation, the company's stock has underperformed against the S&P 500, with a year-to-date return of -18.92% compared to the index's 12.22%, highlighting a disconnect between its valuation and market performance.