Chubb Limited (CB) is undervalued and Loews Corp (L) is slightly undervalued.
Against our estimates of intrinsic value, CB trades at the wider discount: a margin of safety of +24%, against +6% for L.
Values as of the 22 Sept 2026 close.
Book value at 2.50x, the multiple a 15.4% return on equity justifies, blended with earnings, values the shares at $442.13; the price of $335.77 is 24% below that value.
Leak Score 84/100 on 3 of 12 signals
Book value at 1.18x, the multiple a 9.2% return on equity justifies, blended with earnings, values the shares at $112.52; the price of $105.91 is 6% below that value.
Leak Score 62/100 on 9 of 12 signals
| Metric | CB | L |
|---|---|---|
| Verdict | Undervalued | Slightly undervalued |
| Price | $335.77 | $105.91 |
| Intrinsic value | $442.13 | $112.52 |
| Margin of safety | +24% | +6% |
| Leak Score | 84/100 (3/12) | 62/100 (9/12) |
| Market cap | $129.5B | $21.7B |
| Revenue growth, 5 years | 10.7% | 6.0% |
| Operating margin | 23.2% | 14.0% |
| Net margin | 18.0% | 9.0% |
| Return on equity | 15.4% | 9.2% |
| Debt to equity | 0.31 | 0.47 |
| P/E | 11.9x | 13.0x |
| Forward P/E | 11.5x | — |
| P/B | 1.7x | 1.1x |
| Dividend yield | 1.2% | 0.2% |