F&G Annuities & Life Valuation
Is FG undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of FG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FG ($48.3) is trading below our estimate of fair value ($55.74)
Significantly Below Fair Value: FG is trading below fair value, but not by a significant amount.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FG?
Key metric: As FG is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is FG's PS Ratio? | |
|---|---|
| PS Ratio | 1x |
| Sales | US$5.83b |
| Market Cap | US$5.94b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.8x |
| Enterprise Value/EBITDA | 25.9x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does FG's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 1.5x | ||
CNO CNO Financial Group | 0.9x | -0.8% | US$4.1b |
GL Globe Life | 1.6x | 4.8% | US$9.1b |
LNC Lincoln National | 0.4x | 10.0% | US$5.9b |
PRI Primerica | 3.2x | 3.6% | US$9.9b |
FG F&G Annuities & Life | 1x | -2.8% | US$5.9b |
Price-To-Sales vs Peers: FG is good value based on its Price-To-Sales Ratio (1x) compared to the peer average (1.5x).
Price to Sales Ratio vs Industry
How does FG's PS Ratio compare vs other companies in the US Insurance Industry?
Price-To-Sales vs Industry: FG is good value based on its Price-To-Sales Ratio (1x) compared to the US Insurance industry average (1.1x).
Price to Sales Ratio vs Fair Ratio
What is FG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 1x |
| Fair PS Ratio | 1x |
Price-To-Sales vs Fair Ratio: FG is expensive based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (1x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | US$48.30 | US$46.67 -3.4% | 1.0% | US$47.00 | US$46.00 | n/a | 3 |
| Nov ’25 | US$40.37 | US$44.33 +9.8% | 2.8% | US$46.00 | US$43.00 | n/a | 3 |
| Oct ’25 | US$42.17 | US$42.67 +1.2% | 4.8% | US$45.00 | US$40.00 | n/a | 3 |
| Sep ’25 | US$45.69 | US$41.50 -9.2% | 3.6% | US$43.00 | US$40.00 | n/a | 2 |
| Aug ’25 | US$40.65 | US$42.50 +4.6% | 1.2% | US$43.00 | US$42.00 | n/a | 2 |
| Jul ’25 | US$37.69 | US$42.50 +12.8% | 1.2% | US$43.00 | US$42.00 | n/a | 2 |
| Feb ’25 | US$44.74 | US$47.50 +6.2% | 1.1% | US$48.00 | US$47.00 | n/a | 2 |
| Jan ’25 | US$46.00 | US$47.50 +3.3% | 1.1% | US$48.00 | US$47.00 | n/a | 2 |
| May ’24 | US$18.30 | US$21.67 +18.4% | 2.2% | US$22.00 | US$21.00 | US$38.57 | 3 |
| Apr ’24 | US$18.12 | US$22.67 +25.1% | 4.2% | US$24.00 | US$22.00 | US$40.46 | 3 |
| Mar ’24 | US$20.39 | US$22.67 +11.2% | 4.2% | US$24.00 | US$22.00 | US$38.39 | 3 |
Analyst Forecast: Target price is lower than the current share price.
Discover undervalued companies
Fairfax Financial Holdings
CA$42.8b
Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally.
FRFH.F
CA$1,401.10
7D
2.2%
1Y
54.5%
Aviva
UK£12.8b
Provides various insurance, retirement, investment, and savings products in the United Kingdom, Ireland, Canada, and internationally.
AVVI.Y
UK£12.41
7D
2.6%
1Y
16.3%
Markel Group
US$21.8b
A diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany.
MKL
US$1,718.45
7D
0.5%
1Y
20.2%