Aegon Ltd (AEG) is fairly valued and Brookfield Wealth Solutions Ltd (BNT) is overvalued.
Against our estimates of intrinsic value, AEG trades at the wider discount: a margin of safety of +3%, against -28% for BNT.
Values as of the 22 Sept 2026 close.
Book value at 1.16x, the multiple a 10.6% return on equity justifies, blended with earnings, values the shares at $9.24; the price of $8.95 is 3% below that value.
Leak Score 27/100 on 3 of 12 signals
Book value at 0.50x, the multiple a 0.7% return on equity justifies, blended with earnings, values the shares at $29.45; the price of $37.83 is 28% above that value.
Leak Score 14/100 on 3 of 12 signals
| Metric | AEG | BNT |
|---|---|---|
| Verdict | Fairly valued | Overvalued |
| Price | $8.95 | $37.83 |
| Intrinsic value | $9.24 | $29.45 |
| Margin of safety | +3% | -28% |
| Leak Score | 27/100 (3/12) | 14/100 (3/12) |
| Market cap | $13.2B | $11.2B |
| Revenue growth, 5 years | 7.4% | 86.6% |
| Operating margin | 2.5% | 6.0% |
| Net margin | 3.9% | 0.9% |
| Return on equity | 10.6% | 0.7% |
| Debt to equity | 0.43 | 0.33 |
| P/E | 11.9x | — |
| Forward P/E | 7.7x | — |
| P/B | 1.3x | 0.6x |
| Dividend yield | 5.6% | — |