Jackson Financial Inc (JXN) is overvalued and Manulife Financial Corp (MFC) is overvalued.
Both trade above our estimate of their intrinsic value. MFC is the closer of the two: -30%, against -227% for JXN.
Values as of the 22 Sept 2026 close.
Book value at 0.50x, the multiple a 1.0% return on equity justifies, blended with earnings, values the shares at $39.68; the price of $129.57 is 227% above that value.
Leak Score 0/100 on 3 of 12 signals
Book value at 1.57x, the multiple a 13.0% return on equity justifies, blended with earnings, values the shares at $33.92; the price of $44.17 is 30% above that value.
Leak Score 43/100 on 3 of 12 signals
| Metric | JXN | MFC |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $129.57 | $44.17 |
| Intrinsic value | $39.68 | $33.92 |
| Margin of safety | -227% | -30% |
| Leak Score | 0/100 (3/12) | 43/100 (3/12) |
| Market cap | $8.8B | $73.3B |
| Revenue growth, 5 years | 15.8% | -5.5% |
| Operating margin | 1.3% | 15.2% |
| Net margin | 0.9% | 9.5% |
| Return on equity | 1.0% | 13.0% |
| Debt to equity | 0.28 | 0.27 |
| P/E | 178.0x | 16.5x |
| Forward P/E | 4.1x | 12.2x |
| P/B | 0.9x | 2.3x |
| Dividend yield | 2.8% | 3.1% |