Is Jackson Financial, Inc. overvalued or undervalued?

As of 9 May 2025, Jackson Financial, Inc. has moved from an attractive to an expensive valuation grade. The company is currently considered overvalued, with a P/E ratio of 47, significantly higher than its peers such as Lincoln National Corp. at 4.22 and Brighthouse Financial, Inc. at 9.27. Additionally, Jackson's price-to-book value stands at 0.58, while its EV to capital employed is 0.36, indicating a disparity in valuation compared to its industry counterparts.
In terms of performance, Jackson Financial has shown a 1-year return of 16.96%, outperforming the S&P 500's return of 10.26%. However, the high P/E ratio suggests that investors may be paying a premium for future growth that may not materialize, reinforcing the conclusion that the stock is overvalued in the current market context.