Unum Group

NYSE:UNM Stock Report

Market Cap: US$13.3b

Unum Group Valuation

Is UNM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of UNM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: UNM ($75.43) is trading below our estimate of fair value ($163.47)

Significantly Below Fair Value: UNM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for UNM?

Key metric: As UNM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for UNM. This is calculated by dividing UNM's market cap by their current earnings.
What is UNM's PE Ratio?
PE Ratio7.8x
EarningsUS$1.76b
Market CapUS$13.26b

Price to Earnings Ratio vs Peers

How does UNM's PE Ratio compare to its peers?

The above table shows the PE ratio for UNM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average15.1x
PRI Primerica
14.4x6.8%US$9.8b
GL Globe Life
8.4x3.7%US$9.1b
LNC Lincoln National
22.6x19.2%US$5.8b
CNO CNO Financial Group
14.8x12.4%US$4.0b
UNM Unum Group
7.8x-3.9%US$13.3b

Price-To-Earnings vs Peers: UNM is good value based on its Price-To-Earnings Ratio (7.8x) compared to the peer average (15.1x).

Price to Earnings Ratio vs Industry

How does UNM's PE Ratio compare vs other companies in the US Insurance Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
UTGN UTG
2xn/aUS$89.45m
AORE.F American Overseas Group
2.1xn/aUS$16.68m
CUII China United Insurance Service
0.0003xn/aUS$3.13k
No more companies available in this PE range
UNM 7.8xIndustry Avg. 13.5xNo. of Companies15PE01020304050+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: UNM is good value based on its Price-To-Earnings Ratio (7.8x) compared to the US Insurance industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is UNM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

UNM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.8x
Fair PE Ratio12.6x

Price-To-Earnings vs Fair Ratio: UNM is good value based on its Price-To-Earnings Ratio (7.8x) compared to the estimated Fair Price-To-Earnings Ratio (12.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst UNM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$75.43
US$74.91
-0.7%
6.8%US$84.00US$65.00n/a11
Nov ’25US$64.12
US$69.91
+9.0%
7.4%US$76.00US$63.00n/a11
Oct ’25US$58.88
US$64.08
+8.8%
9.7%US$73.00US$53.00n/a12
Sep ’25US$55.49
US$62.82
+13.2%
9.1%US$70.00US$53.00n/a11
Aug ’25US$56.56
US$62.36
+10.3%
8.6%US$70.00US$53.00n/a11
Jul ’25US$51.20
US$59.20
+15.6%
8.0%US$66.00US$51.00n/a10
Jun ’25US$53.86
US$58.90
+9.4%
8.1%US$66.00US$51.00n/a10
May ’25US$51.87
US$58.60
+13.0%
8.7%US$66.00US$51.00n/a10
Apr ’25US$53.87
US$57.20
+6.2%
8.7%US$64.00US$50.00n/a10
Mar ’25US$49.30
US$57.20
+16.0%
8.7%US$64.00US$50.00n/a10
Feb ’25US$47.09
US$56.55
+20.1%
9.1%US$64.00US$50.00n/a11
Jan ’25US$45.22
US$54.36
+20.2%
8.3%US$61.00US$45.00n/a11
Dec ’24US$43.08
US$54.00
+25.3%
7.9%US$61.00US$45.00n/a12
Nov ’24US$42.46
US$55.00
+29.5%
8.4%US$63.00US$48.00US$64.1212
Oct ’24US$49.19
US$54.83
+11.5%
8.8%US$63.00US$47.00US$58.8812
Sep ’24US$49.48
US$54.50
+10.1%
8.5%US$63.00US$47.00US$55.4912
Aug ’24US$48.63
US$53.17
+9.3%
7.6%US$62.00US$47.00US$56.5612
Jul ’24US$47.70
US$51.25
+7.4%
8.8%US$59.00US$46.00US$51.2012
Jun ’24US$43.48
US$50.54
+16.2%
7.9%US$59.00US$46.00US$53.8613
May ’24US$41.83
US$48.50
+15.9%
8.5%US$57.00US$41.00US$51.8714
Apr ’24US$39.56
US$48.62
+22.9%
6.7%US$53.00US$40.00US$53.8713
Mar ’24US$45.57
US$47.38
+4.0%
6.3%US$52.00US$41.00US$49.3013
Feb ’24US$43.30
US$46.23
+6.8%
6.5%US$52.00US$41.00US$47.0913
Jan ’24US$41.03
US$44.92
+9.5%
8.4%US$52.00US$37.00US$45.2213
Dec ’23US$41.96
US$44.92
+7.1%
8.4%US$52.00US$37.00US$43.0813
Nov ’23US$45.68
US$41.54
-9.1%
10.2%US$50.00US$36.00US$42.4613

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

Fidelis Insurance Holdings

US$2.2b

A specialty insurer, provides insurance and reinsurance solutions in Bermuda, the Republic of Ireland, and the United Kingdom.

FIHL

US$19.90

7D

-0.2%

1Y

62.1%

Markel Group

US$21.5b

A diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany.

MKL

US$1,694.12

7D

2.3%

1Y

18.5%

China Life Insurance

HK$1.1t

Operates as a life insurance company in the People’s Republic of China.

CILJ.F

HK$2.00

7D

-0.6%

1Y

46.0%