Is The Allstate Corp. overvalued or undervalued?

As of 30 July 2025, the valuation grade for The Allstate Corp. moved from expensive to fair. The company appears to be fairly valued based on its current metrics. The P/E ratio stands at 46, which is significantly higher than the industry average, while the PEG ratio is notably low at 0.27, suggesting potential growth relative to its price. Additionally, the price-to-book value is 8.52, indicating that the stock may be priced at a premium compared to its book value.
In comparison to peers, The Allstate Corp. has a P/E ratio of 30.72, while Berkshire Hathaway, Inc. is at 26.99 and Chubb Ltd. at 17.27, highlighting that Allstate is relatively more expensive than its peers. Despite this, its PEG ratio is more favorable than Berkshire's, which stands at 0.00. Over the past year, The Allstate Corp. has returned 7.68%, underperforming the S&P 500's 17.14%, but it has outperformed the index over the last five years with a return of 125.33% compared to the S&P 500's 96.61%.