The Allstate Corporation (ALL) is a publicly traded company in the Financial Services — Insurance - Property & Casualty industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
The Allstate Corporation, along with its affiliated entities, provides a comprehensive suite of property, casualty, and other insurance offerings throughout the United States and Canada. The company's operations are structured across four primary business segments: Allstate Protection; Protection Services; Allstate Health and Benefits; and Run-off Property-Liability. The Allstate Protection segment delivers a wide array of personal and commercial insurance solutions.
Is The Allstate Corporation stock overvalued or undervalued in 2026?
The Allstate Corporation (ALL) trades at 5.2× earnings (P/E), against a median of 13.0× across the 324 financial services companies above $2bn in Kaplio's universe. At a P/B justified by its ROE 43.1 % (2.0×) $263 (+1 %); at its peers' median (2.8×) $373 (+43 %).
Kaplio overview: The Allstate Corporation
Market cap $66B · 52 weeks $191 – $275 (6 % below the high) · P/E 5.2× · 2027 expected P/E 9.3× · Dividend 1.6 % · 11 years rising · Next earnings November 4, 2026 · expected EPS $6.89 · Closing price, Oct 30 · accounts published Aug 5.
- Valuation: P/B 2.0× (justified).
- Business: 5-year op. margin 7.6 % (weak).
- Balance sheet: Debt/Equity 0.22 (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At a P/B justified by its ROE 43.1 % (2.0×) $263 (+1 %); at its peers' median (2.8×) $373 (+43 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in insurance: 3 of 5 pass
- Op Margin 5y (Combined Ratio proxy) 7.6 %, fails.
- Book Value / Share growth 3.8 %, fails.
- Debt / Equity 0.22, passes.
- P/B (Price / Book) 2.0×, passes.
- Dividend growth streak 11 años, passes, near the threshold.
Against its peers (reference peers) — The Allstate Corporation: P/E 5.2×; P/B 2.0×; ROE 43.1 %; $65.7B. The Travelers Companies, Inc. (P/E 10.4×; P/B 2.8×; ROE 26.2 %; $81.2B), The Progressive Corporation (P/E 11.7×; P/B 3.9×; ROE 35.4 %; $134B), Chubb Limited (P/E 12.7×; P/B 1.9×; ROE 15.1 %; $139B).
Expensive or cheap against its last ten fiscal years?
P/B at each close: today 2.0× · median 1.6× · minimum 0.9× · maximum 3.1× · cheap below 1.5× · expensive above 2.4×. It has been cheaper than today 75% of the time over its last ten fiscal years.
Dividend
solid · Yield 1.6 % ($4.41 per share in 2025) · Years raising it ≥ 11 · 5-year growth +12 % a year · Free cash flow coverage payout 11 % · With $1,000 invested today you'd collect $16.30 a year ($1.36 a month).
Kaplio's reading: The Allstate Corporation
Updated on October 12, 2026 · accounts published on August 5, 2026
Reading of October 9, 2026: A profitable insurer posting record margins after a run of thinner years
Allstate trades at 1.7× book over the last 12 months, below the 2.0× that its 43 % return on equity justifies for an insurer.
- Is Allstate expensive or cheap? Allstate trades at 1.7× book over the last 12 months, below the 2.0× its 43 % ROE justifies, and at a P/E 66 % under the sector median.
- How is the business doing? Allstate's operating margin reached 25 % over the last 12 months, more than double its 9.5 % average for fiscal 2014-2025.
- Does Allstate underwrite with discipline and build book value? Allstate's operating margin averaged 7.6 % in 2021-2025, under the 10 % insurers need; book value per share grew 3.8 % a year since 2020.
- How strong is the balance sheet? Allstate's debt to equity is 0.22 over the last 12 months, under the 0.3 insurers treat as prudent, with 11 years of dividend raises.
- What to expect from the next earnings? Analysts expect EPS of $6.46 when Allstate reports on November 4, 2026; it has beaten estimates in each of the last 8 quarters.
Is Allstate expensive or cheap?
For an insurer, price to book comes first, because book value is the capital that backs its policies. Allstate trades at 1.7× book over the last 12 months. A return on equity of 43 % justifies up to 2.0×, and 2.5× is the outer limit. The P/E of 4.6× over the last 12 months is 66 % below the sector median of 13.3×, which works out to an earnings yield of 26 %. A multiple that low suggests the market doubts the latest profits will last. The stock sits 17 % below its 52-week high of $275.11, and it is still up 11 % over 12 months.
How is the business doing?
Allstate's revenue grew 4.6 % over the last 12 months while EPS rose 125 %, so nearly all of the jump in profit came from wider margins. Over the last 12 months the operating margin reached 25 % and the net margin 19 %. Fiscal 2025 had already posted an operating margin of 20 %, the highest of the 12 fiscal years since 2014, against a 2014-2025 average of only 9.5 %. Current profitability is more than double the long-run norm. In insurance, margins move with claims and pricing, so a record level sets a high base. The coming years will show how much of it holds.
Does Allstate underwrite with discipline and build book value?
Insurers make money in two ways: by underwriting well, so that premiums exceed claims and costs, and by investing the float. Buffett built Berkshire on that model. This is why the sector is judged on sustained margins and on growth in book value per share rather than on sales. Allstate falls short on both. Its operating margin averaged 7.6 % over fiscal 2021-2025, against the 10 % that counts as healthy. Book value per share grew 3.8 % a year over 2020-2025, against 8 %. The recent record margins have not yet made up for the weaker years before them.
How strong is the balance sheet?
Over the last 12 months Allstate carries debt equal to 0.22 times its equity, comfortably below the 0.3 that counts as prudent for an insurer, so borrowing adds little risk to the capital behind its policies. The dividend yields 1.8 % over the last 12 months. It has risen for 11 consecutive fiscal years through 2025, just past the 10-year mark that makes an insurer a dividend aristocrat. The payout was only 11 % of fiscal 2025 earnings. That leaves plenty of room to keep raising the dividend even if profits fall back from their record.
What to expect from the next earnings?
In its last report, on August 5, 2026, Allstate posted EPS of $8.99 against $6.06 expected, a 48 % beat. It has topped estimates in 8 of the last 8 quarters. The bar for the quarter due November 4, 2026 is $6.46, below that last result. Forecasts barely move: the 2026 EPS consensus rose 0.5 % over the last 27 days, from $35.33 to $35.50 among 14 analysts, and the 2026 revenue consensus has hardly changed. Of the 45 analysts covering Allstate, 17 say buy, 23 hold and 4 sell, a cautious split for a company that beats this consistently.
How this was prepared: the data comes from companies' official filings, collected by a professional provider, and from Kaplio's analysis engine (trailing-12-month ratios, 10 years of history and sector medians computed across US-listed companies). The text is written from that data alone, every figure is checked against it before publication, and it is reviewed when the company reports results. This is not investment advice.
Investor methods verdict
Would Peter Lynch approve Allstate today?
The Lynch Method approves Allstate today. Business quality: 82 out of 100 (price not included). Lynch classifies it as a stalwart. Kaplio assessment with data from the week of 2026-10-26; not investment advice.
Profitability
| Return on Equity | 43.13% |
| Return on Invested Capital | 31.29% |
| Return on Assets | 10.67% |
| Gross Margin | 42.16% |
| Operating Margin | 24.83% |
| Net Margin | 19.24% |
Financial Health
| Debt / Equity | 0.22 |
| Current Ratio | 0.24 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 1.57 |
Price Performance
| 1 month | +16.15% |
| 3 months | -1.07% |
| Year-to-date | +24.85% |
| 1 year | +35.69% |
| 3 years | +97.83% |
| 5 years | +107.60% |
| 10 years | +281.66% |
Dividend History
Paid in the last 12 months: $4.2400 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-31 | $1.0800 |
| 2026-06-01 | $1.0800 |
| 2026-03-02 | $1.0800 |
| 2025-12-01 | $1.0000 |
| 2025-08-29 | $1.0000 |
| 2025-06-09 | $1.0000 |
| 2025-03-10 | $1.0000 |
| 2024-11-29 | $0.9200 |
| 2024-08-30 | $0.9200 |
| 2024-05-31 | $0.9200 |
Amounts adjusted for stock splits.
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Explore sector: Financial Services · Insurance - Property & Casualty
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