---
title: Allstate (ALL) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/all
ticker: ALL
as_of: 2026-10-17
sector: Financial Services
industry: Insurance - Property & Casualty
---
# Allstate (ALL)

Allstate (ALL) closed at $247.88 on Oct 16, 2026, undervalued by 8% vs its model value of $269.99 (from the justified price to book).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $247.88 (Oct 16, 2026) |
| Model value (from the justified price to book) | $269.99 |
| Price vs model | undervalued by 8% vs model |
| Range of that model | $236.24 – $314.98 |
| Market value | $62.7B |
| P/E (fiscal 2025) | 6.5 |
| Net margin (fiscal 2025) | 15.5% |
| Free cash flow (fiscal 2025) | $9.9B |
| Dividend yield (trailing twelve months) | 1.71% |
| Beta | 0.14 |
| Cost of capital (WACC) | 6.55% |
| Business classification | Mature & Stable (Low/slowing growth (~9% recent), Moderate margins (15% net margin), Pays dividends, Highly cyclical earnings, Strong FCF yield (15.8%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Lowest P/E | #4 | 6.5× | https://sweetvaluelab.com/lists/lowest-pe |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.71% |
| Dividends per share, last 12 months | $4.24 |
| Dividends / earnings (fiscal 2025) | 10.1% |
| Raised | 15 years in a row |
| Growth over 5 years | 7.4% a year |
| Latest payment | $1.08, ex-date Aug 31, 2026, paid Oct 1, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Aug 30, 2021 | $2.97 |
| To Aug 30, 2022 | $3.36 |
| To Aug 30, 2023 | $3.52 |
| To Aug 30, 2024 | $3.65 |
| To Aug 29, 2025 | $3.92 |
| Trailing twelve months (to Aug 31, 2026) | $4.24 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/B · justified | primary | $269.99 | $236.24 | $314.98 |
| P/E · peers | cross check | $428.50 | $402.72 | $613.69 |
| P/E · own history | cross check | $434.68 | $245.11 | $915.49 |
| PEG | sanity check | $284.85 | $284.85 | $284.85 |
| Dividend discount | cross check | $93.57 | $61.82 | $213.73 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 5 open-market sales ($23.8M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 3, 2026 | Dugenske John E | Other | Option/RSU exercise | 1,581 | $0 |
| Oct 3, 2026 | Dugenske John E | Other | Tax withholding | 701 | $156,841.7 |
| Oct 3, 2026 | Dugenske John E | Other | Option/RSU exercise | 1,581 | $0 |
| Oct 3, 2026 | Jeevanjee Zulfikar | Other | Option/RSU exercise | 2,371 | $0 |
| Oct 3, 2026 | Jeevanjee Zulfikar | Other | Option/RSU exercise | 2,371 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 15, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/899051/000089905126000150/all-20261015.htm |
| Sep 17, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/899051/000089905126000135/all-20260917.htm |
| Aug 20, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/899051/000089905126000127/all-20260820.htm |
| Aug 5, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/899051/000089905126000118/all-20260630.htm |
| Aug 5, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/899051/000089905126000117/all-20260805.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Thomas Gayner | 2026-06-30 | 154,550 | $36.8M |
| Bridgewater | 2026-06-30 | 56,149 | $13.4M |
| Dodge & Cox | 2026-06-30 | 2,595 | $617,454 |
| Sarah Ketterer | 2026-06-30 | 1,107 | $263,400 |

4 tracked managers in all.

## About

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. This includes standard private passenger auto and homeowners policies, as well as specialized vehicle coverage for motorcycles, trailers, motor homes, and off-road vehicles. Additional personal lines encompass renter, condominium, landlord, boat, umbrella, manufactured home, and stand-alone scheduled personal property policies. Commercial lines products are also available, marketed under the Allstate and Encompass brand name…

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Source: https://sweetvaluelab.com/stocks/all (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.