Is MetLife, Inc. overvalued or undervalued?

As of 4 August 2025, the valuation grade for MetLife, Inc. moved from expensive to fair. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 18, a Price to Book Value of 2.94, and an impressive PEG Ratio of 0.18, indicating potential for growth relative to its price.
In comparison to peers, MetLife's P/E ratio of 18.69 is slightly lower than Progressive Corp.'s 18.83, while The Travelers Cos., Inc. stands out with a much higher P/E of 40.11, suggesting that MetLife may offer better value at its current price point. Notably, over the past three years, MetLife has returned 21.50%, which is significantly lower than the S&P 500's 70.41% return, indicating that while the stock is fairly valued, it has lagged behind broader market performance.