Prudential Financial Inc vs Prudential plc ADR

Prudential Financial Inc (PRU) is slightly undervalued and Prudential plc ADR (PUK) is undervalued.

Against our estimates of intrinsic value, PUK trades at the wider discount: a margin of safety of +35%, against +19% for PRU.

Values as of the 22 Sept 2026 close.

Prudential Financial Inc (PRU)

Book value at 1.49x, the multiple a 12.6% return on equity justifies, blended with earnings, values the shares at $145.56; the price of $117.66 is 19% below that value.

Leak Score 43/100 on 8 of 12 signals

Prudential plc ADR (PUK)

Book value at 2.50x, the multiple a 19.2% return on equity justifies, blended with earnings, values the shares at $39.78; the price of $25.85 is 35% below that value.

Leak Score 100/100 on 3 of 12 signals

MetricPRUPUK
VerdictSlightly undervaluedUndervalued
Price$117.66$25.85
Intrinsic value$145.56$39.78
Margin of safety+19%+35%
Leak Score43/100 (8/12)100/100 (3/12)
Market cap$40.6B$31.9B
Revenue growth, 5 years1.3%-5.3%
Operating margin7.6%9.3%
Net margin6.0%12.1%
Return on equity12.6%19.2%
Debt to equity1.100.30
P/E10.7x9.1x
Forward P/E7.9x9.1x
P/B1.3x1.6x
Dividend yield4.8%2.4%

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