MetLife, Inc. (MET) Valuation — DCF, Graham & Comparables

MetLife, Inc. (MET) — Price $100.94 (closing price, November 2, 2026) — Financial Services — Insurance - Life — NYSE

Latest reported results:

Valuation dashboard for MetLife, Inc. (MET) with P/E 19.37, P/B 2.40, EV/EBITDA 11.0 and dividend yield 2.30%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Financial Services companies.

MetLife, Inc. operates as a leading global financial services entity, delivering an extensive array of services encompassing insurance, annuities, employee benefits, and asset management. The company manages its operations through five primary divisions: the U.S., Asia, Latin America, Europe, the Middle East and Africa (EMEA), and MetLife Holdings.

What would it be worth at its usual multiples?

Versus its usual multiples: expensive · Current P/B 2.4× · Multiples range: $63.13 · $82.49.

At Kaplio's cap P/B for its ROE 12.9 % (1.5×) $63 (-37 %); at its peers' median (2.0×) $82 (-18 %). 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.

Analysis Summary

MetLife, Inc. reported revenue of $77.08B in the most recent fiscal year, growing at a 5-year CAGR of 2.6%. Net income reached $3.38B, with a -9.0% 5-year CAGR.

Trailing-twelve-month margins: gross margin 25.6%, operating margin 6.2%, net margin 4.6%.

At $100.94 (closing price, November 2, 2026), MET trades at a P/E of 19.37 and an ROE of 12.94%. Market capitalisation stands at $64.1B, placing it among large-cap names.

Balance sheet quality for MET: debt-to-equity ratio of 0.78, current ratio of 0.65 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio19.37
Price / Book2.40
EV / EBITDA11.0
Dividend Yield2.30%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
METMetLife, Inc.$64.1B19.372.4012.9%
MFCManulife Financial Corporation$74.3B16.861.9613.0%
AFLAflac Incorporated$62.5B13.432.0716.4%
PRUPrudential Financial, Inc.$40.8B10.651.2112.0%
UNMUnum Group$14.4B21.221.346.4%
GLGlobe Life Inc.$12.3B10.652.0319.5%
PRIPrimerica, Inc.$8.7B11.393.5132.5%
VOYAVoya Financial, Inc.$9.0B14.801.4212.7%

Price

Price$100.94 (closing price, November 2, 2026)
Market Cap$64.1B
ExchangeNYSE
CountryUS

Profitability

Return on Equity12.94%
Return on Invested Capital0.77%
Return on Assets0.48%
Gross Margin25.55%
Operating Margin6.19%
Net Margin4.61%

Related companies: MFC · AFL · PRU · UNM · GL · PRI · VOYA · LNC

Explore sector: Financial Services · Insurance - Life

More sections of MET: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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