The Allstate Corporation (ALL) Stock Analysis — Fair Value, Risk & Moat Rating
NYQ · Financial Services · Insurance - Property & Casualty
Is The Allstate Corporation a safe investment right now?
The Allstate Corporation is in the Financial Services sector — Altman Z-Score does not apply to this type of company. Our fair value estimate is $240.00 (Buy Zone).
Why the Altman Z-Score does not apply to The Allstate Corporation
The Altman Z-Score is designed for manufacturing and non-financial companies. It uses ratios like Working Capital / Total Assets and Revenue / Total Assets that produce misleading results for Financial Services companies.
- Banks hold massive assets (loans) that inflate Total Assets, making WC/TA nearly zero — a false distress signal
- Utilities carry high regulated debt by design — the model misreads leverage as risk
- REITs use Funds From Operations (FFO), not Free Cash Flow — standard cash flow analysis doesn't apply
Altman Z-Score is designed for manufacturing companies and does not apply to banks, utilities, or REITs.
Note: A sector-specific financial health model for Financial Services companies is planned for a future update.
What is The Allstate Corporation actually worth?
How we calculated this
| Input | Value | Source |
|---|---|---|
| Analyst Consensus Target | $240.00 | 21 Wall Street analysts |
| Analyst High / Low | $297.00 / $176.00 | Range of analyst price targets |
| Price / Book | 1.95x | Current market valuation vs book value |
| Return on Equity | 39.5% | Profitability relative to shareholder equity |
Source: Earnings data from SEC EDGAR filings. Market data via Yahoo Finance.
Why standard moat analysis does not apply to The Allstate Corporation
Our standard moat model uses ROIC stability, gross margin trends, and switching costs — metrics designed for product and service companies. Financial Services companies compete on fundamentally different dimensions.
- Banks — moat comes from deposit cost advantage, net interest margin stability, and fee income diversification
- Utilities — moat is a regulatory monopoly with guaranteed rate of return on invested capital
- REITs — moat comes from property portfolio quality, location, tenant mix, and cap rate advantages
Standard moat analysis (ROIC/gross margin/switching costs) does not reliably apply to Financial Services companies. Banks compete on net interest margin, utilities on regulated returns, and REITs on occupancy and cap rates.
Note: A sector-specific competitive analysis for Financial Services companies is planned for a future update.
Is The Allstate Corporation's dividend safe?
Can The Allstate Corporation afford its dividend?
Payout ratio is 10.5%. FCF covers the dividend 5.1x. 34 consecutive years of payments.
The Allstate Corporation's key financial metrics
| Metric | Latest | 1Y Ago | 3Y Ago | Trend |
|---|---|---|---|---|
| Revenue | $67.1B | $63.5B | $50.6B | Rising |
| Net Income | $10.3B | $4.7B | −$1.3B | Rising |
| Free Cash Flow | $9.9B | $8.7B | $4.7B | Rising |
Recent events that affect our ALL analysis
ALL earnings report scheduled
Upcoming report. Consensus EPS estimate: $7.44. Revenue estimate: $17.29B. Our current Fair Value: $240.00 — a significant beat or miss could shift this estimate.
ALL analyst consensus: 54% bullish (13 of 24 analysts)
3 Strong Buy, 10 Buy, 9 Hold, 0 Sell, 2 Strong Sell. Consensus target: $240.00 (12.1% upside). Compare with our independent Fair Value: $240.00.
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL paid $1.0800/share dividend
Dividend Safety Grade: A. Payout ratio: 10.5%.
ALL filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL beat EPS estimates by 45.1%
Reported EPS: $14.31 vs estimate $9.86. Earnings strength supports our Fair Value of $240.00 (12.1% above current price).
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL paid $1.0000/share dividend
Dividend Safety Grade: A. Payout ratio: 10.5%.
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL beat EPS estimates by 48.1%
Reported EPS: $11.17 vs estimate $7.54. Earnings strength supports our Fair Value of $240.00 (12.1% above current price).
ALL filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL paid $1.0000/share dividend
Dividend Safety Grade: A. Payout ratio: 10.5%.
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL beat EPS estimates by 82.5%
Reported EPS: $5.94 vs estimate $3.26. Earnings strength supports our Fair Value of $240.00 (12.1% above current price).
ALL filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL paid $1.0000/share dividend
Dividend Safety Grade: A. Payout ratio: 10.5%.
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL beat EPS estimates by 39.3%
Reported EPS: $3.53 vs estimate $2.53. Earnings strength supports our Fair Value of $240.00 (12.1% above current price).
ALL filed quarterly report (10-Q)
Quarterly update with interim financials. May signal changes to earnings trajectory and balance sheet health. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL paid $1.0000/share dividend
Dividend Safety Grade: A. Payout ratio: 10.5%.
ALL filed annual report (10-K)
Annual filing with full-year financials. Our Altman Z-Score, Moat, and Fair Value models are derived from this data. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL beat EPS estimates by 22.1%
Reported EPS: $7.67 vs estimate $6.28. Earnings strength supports our Fair Value of $240.00 (12.1% above current price).
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
ALL filed 8-K (material event)
8-K filings disclose material events — acquisitions, leadership changes, or guidance revisions that may affect valuation. View on SEC EDGAR →
Common questions about The Allstate Corporation
What is The Allstate Corporation stock price today?
The Allstate Corporation (ALL) stock price is $214.16 as of the latest market close, traded on the NYSE exchange.
What does The Allstate Corporation do?
The Allstate Corporation, together with its subsidiaries, provides property and casualty, and other insurance products in the United States and Canada. It operates in four segments: Allstate Protection; Run-off Property-Liability; Protection Services; and Corporate and Other. It offers private passenger auto, homeowners, other personal lines and commercial insurance through exclusive agents, independent agents, contact centers and online under the Allstate, National General, Direct Auto and Answer Financial brands.
What is The Allstate Corporation market cap?
The Allstate Corporation has a market capitalization of $55.58B, classifying it as a large-cap stock in the Financial Services sector.
What sector and industry is ALL in?
The Allstate Corporation operates in the Financial Services sector, specifically within the Insurance - Property & Casualty industry. It trades on the NYSE under the ticker symbol ALL.
Is ALL stock overvalued or undervalued?
Based on our valuation model, The Allstate Corporation trades 10.8% below our fair value estimate — potentially undervalued.
- FairValueLabs Fair Value: $240.00
- Current Price: $214.16
- Valuation Zone: Buy Zone
What is ALL stock forecast and analyst target price?
Based on 21 Wall Street analysts, the consensus price target for The Allstate Corporation is $240.00, implying upside of 12.1% from the current price.
- Analyst High Target: $297.00
- Analyst Low Target: $176.00
Note: Analyst targets are shown for reference and are not used in our valuation model.
Is The Allstate Corporation revenue and earnings growing?
Here are the analyst consensus growth estimates for The Allstate Corporation:
- Revenue growth (current year est.): 4.7%
- EPS growth (current year est.): -25.5%
- Revenue growth (next year est.): 4.9%
- EPS growth (next year est.): -0.6%
What are The Allstate Corporation's key financial metrics?
| Metric | Latest | Trend |
|---|---|---|
| Revenue | $67.1B | Rising |
| Net Income | $10.3B | Rising |
| Free Cash Flow | $9.9B | Rising |
What is ALL's P/E ratio?
The price-to-earnings ratio measures how much investors pay per dollar of earnings:
- Trailing P/E (last 12 months): 5.6x
- Forward P/E (next 12 months est.): 8.3x
How volatile is ALL stock?
The Allstate Corporation has a beta of 0.22, meaning it is less volatile than the broader market. A beta above 1.0 indicates higher price swings relative to the S&P 500, while below 1.0 suggests more stability.
How much cash and debt does The Allstate Corporation have?
The Allstate Corporation's balance sheet shows:
- Total Cash: $5.57B
- Total Debt: $7.67B
- Net Cash Position: $-2.11B
A positive net cash position means the company holds more cash than debt, reducing financial risk.
What is The Allstate Corporation's free cash flow?
The Allstate Corporation generated $8.92B in trailing twelve-month free cash flow (from $10.11B in operating cash flow). Free cash flow represents the cash available for dividends, buybacks, and debt reduction after all capital expenditures.
Does The Allstate Corporation pay a dividend, and is it safe?
Yes, The Allstate Corporation pays a regular dividend. Here are the key metrics:
- Dividend Yield: 1.8%
- Payout Ratio: 10.5%
- Consecutive Years Paid: 34
- 5-Year Dividend Growth: -19.7%
- FairValueLabs Safety Grade: A
Is The Allstate Corporation financially healthy?
The Altman Z-Score — the standard bankruptcy prediction model — is not applicable to Financial Services companies like The Allstate Corporation. The formula uses ratios designed for manufacturing firms that produce misleading results for banks, utilities, and REITs.
Does The Allstate Corporation have a competitive moat?
Our standard moat model (based on ROIC, gross margins, and switching costs) does not apply to Financial Services companies. These firms compete on fundamentally different dimensions such as regulatory advantages, deposit cost structures, or property portfolios.
What is ALL's return on equity (ROE)?
The Allstate Corporation's return on equity is 39.5%. ROE measures how efficiently a company generates profits from shareholder equity. An ROE above 15% is generally considered strong, while below 10% may signal inefficiency.
How do I buy ALL stock?
ALL shares can be purchased through any brokerage account that provides access to the NYSE. Common steps:
- Open an account with a broker (e.g., Fidelity, Schwab, Interactive Brokers)
- Search for ticker symbol ALL
- Place a market or limit order for your desired number of shares
This is not investment advice. Always do your own research before buying any stock.
Is ALL a value stock or speculative?
FairValueLabs classifies The Allstate Corporation as Value Investment. It exhibits consistent profitability, reasonable valuation, and financial stability — characteristics of a traditional value investment.
Who is the CEO of The Allstate Corporation?
The current CEO of The Allstate Corporation is Mr. Thomas Joseph Wilson II.
What is ALL's earnings per share (EPS)?
Earnings per share measures the company's profit allocated to each outstanding share:
- Trailing EPS (last 12 months): $38.06
- Forward EPS (next 12 months est.): $25.80
- Analyst consensus EPS (this year): $25.96
- Analyst consensus EPS (next year): $25.81
Other Financial Services companies analyzed by FairValueLabs
FairValueLabs Disclaimer
All valuations, scores, ratings, and classifications on this page are produced by the FairValueLabs internal valuation system. They do not represent actual market value, guaranteed outcomes, or professional investment advice. These are analytical estimates for educational and research purposes only.
This is not financial advice. All data is sourced from SEC EDGAR public filings. Always consult a qualified financial advisor before making investment decisions.
Last updated: Apr 22, 2026. Data sources: SEC EDGAR (financial statements), Yahoo Finance (market data, analyst consensus). Data may not reflect the most recent quarter.
ALL analysis methodology: How we calculate fair value, Z-Scores, and moat ratings