Metlife Inc (MET) is overvalued and Unum Group (UNM) is overvalued.
Both trade above our estimate of their intrinsic value. MET is the closer of the two: -33%, against -65% for UNM.
Values as of the 22 Sept 2026 close.
Book value at 1.64x, the multiple a 13.2% return on equity justifies, blended with earnings, values the shares at $71.92; the price of $95.92 is 33% above that value.
Leak Score 55/100 on 9 of 12 signals
Book value at 0.78x, the multiple a 6.3% return on equity justifies, blended with earnings, values the shares at $56.68; the price of $93.32 is 65% above that value.
Leak Score 27/100 on 3 of 12 signals
| Metric | MET | UNM |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $95.92 | $93.32 |
| Intrinsic value | $71.92 | $56.68 |
| Margin of safety | -33% | -65% |
| Leak Score | 55/100 (9/12) | 27/100 (3/12) |
| Market cap | $61.0B | $14.8B |
| Revenue growth, 5 years | 2.6% | -0.2% |
| Operating margin | 7.7% | 8.7% |
| Net margin | 4.3% | 5.3% |
| Return on equity | 13.2% | 6.3% |
| Debt to equity | 0.79 | 0.35 |
| P/E | 18.4x | 21.8x |
| Forward P/E | 8.6x | 9.9x |
| P/B | 2.2x | 1.4x |
| Dividend yield | 2.4% | 2.1% |