The Allstate Corporation (ALL) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Property & Casualty
EV/EBITDA
↓
4.53
↓-87% vs avg
5yr avg: 35.75
30Y Low4.5·High22.6
P/FCF
↓
5.57
↓-23% vs avg
5yr avg: 7.19
30Y Low4.0·High22.8
P/B Ratio
↑
1.85
-6% vs avg
5yr avg: 1.96
30Y Low0.8·High2.5
ROE
↑
39.6%
↓+218% vs avg
5yr avg: 12.4%
30Y Low-10%·High40%
Debt/EBITDA
↓
0.55
↓-91% vs avg
5yr avg: 6.30
30Y Low0.4·High22.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
ALL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
The Allstate Corporation trades at 5.6x earnings, 29% below its 5-year average of 7.9x, sitting at the 4th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 57%. On a free-cash-flow basis, the stock trades at 5.6x P/FCF, 23% below the 5-year average of 7.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $55.0B | $55.1B | $51.6B | $36.7B | $36.8B | $35.2B | $34.7B | $37.5B | $29.2B | $38.5B | $28.0B |
| Enterprise Value | $61.8B | $61.9B | $59.0B | $44.0B | $44.0B | $42.4B | $42.2B | $43.8B | $35.1B | $44.2B | $33.9B |
| P/E Ratio → | 5.59 | 5.45 | 11.35 | — | — | 6.82 | 6.35 | 8.01 | 13.50 | 11.20 | 15.87 |
| P/S Ratio | 0.83 | 0.83 | 0.81 | 0.65 | 0.73 | 0.72 | 0.83 | 0.91 | 0.73 | 0.98 | 0.75 |
| P/B Ratio | 1.85 | 1.80 | 2.42 | 2.08 | 2.12 | 1.40 | 1.15 | 1.44 | 1.37 | 1.71 | 1.36 |
| P/FCF | 5.57 | 5.58 | 5.92 | 9.28 | 7.82 | 7.38 | 6.69 | 7.99 | 5.96 | 9.59 | 7.60 |
| P/OCF | 5.44 | 5.45 | 5.78 | 8.69 | 7.18 | 6.88 | 6.32 | 7.31 | 5.64 | 8.93 | 7.00 |
P/E links to full P/E history page with 30-year chart
ALL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
The Allstate Corporation's enterprise value stands at 4.5x EBITDA, 87% below its 5-year average of 35.7x. The Financial Services sector median is 11.5x, placing the stock at a 60% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.93 | 0.93 | 0.78 | 0.87 | 0.87 | 1.01 | 1.07 | 0.88 | 1.12 | 0.91 |
| EV / EBITDA | 4.53 | 4.54 | 9.34 | 123.50 | — | 5.61 | 5.64 | 7.19 | 11.19 | 8.79 | 10.80 |
| EV / EBIT | 4.70 | 4.57 | 9.58 | 1418.22 | — | 6.24 | 5.93 | 7.59 | 11.87 | 9.06 | 11.11 |
| EV / FCF | — | 6.26 | 6.77 | 11.10 | 9.36 | 8.89 | 8.14 | 9.33 | 7.17 | 11.02 | 9.21 |
ALL Profitability
Margins and return-on-capital ratios measuring operating efficiency
The Allstate Corporation earns an operating margin of 19.8%, roughly in line with the Financial Services sector average. Operating margins have expanded from -0.6% to 19.8% over the past 3 years, signaling improving operational efficiency. Return on equity of 39.6% is exceptionally high — well above the sector median of 9.4%. ROIC of 29.8% represents excellent returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.2% | 33.2% | 22.8% | 12.7% | 11.2% | 24.7% | 31.2% | 27.1% | 23.1% | 25.8% | 21.5% |
| Operating Margin | 19.8% | 19.8% | 9.1% | -0.6% | -3.6% | 13.3% | 16.3% | 13.2% | 6.6% | 11.5% | 7.4% |
| Net Profit Margin | 15.5% | 15.5% | 7.3% | -0.3% | -2.5% | 3.3% | 13.4% | 11.8% | 5.4% | 9.0% | 5.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 39.6% | 39.6% | 23.9% | -1.1% | -6.1% | 5.8% | 19.8% | 20.5% | 9.8% | 16.5% | 9.2% |
| ROA | 8.9% | 8.9% | 4.3% | -0.2% | -1.3% | 1.4% | 4.5% | 4.2% | 1.9% | 3.2% | 1.8% |
| ROIC | 29.8% | 29.8% | 16.1% | -1.1% | -4.8% | 13.8% | 14.6% | 13.7% | 7.1% | 12.5% | 8.1% |
| ROCE | 29.4% | 29.4% | 5.4% | -0.3% | -1.9% | 5.7% | 5.5% | 5.4% | 2.7% | 4.7% | 2.9% |
ALL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The Allstate Corporation carries a Debt/EBITDA ratio of 0.5x, which is very conservative (87% below the sector average of 4.1x). Net debt stands at $6.8B ($7.5B total debt minus $678M cash). Interest coverage of 34.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.24 | 0.38 | 0.45 | 0.46 | 0.32 | 0.26 | 0.26 | 0.30 | 0.28 | 0.31 |
| Debt / EBITDA | 0.55 | 0.55 | 1.28 | 22.31 | — | 1.06 | 1.05 | 1.09 | 2.06 | 1.26 | 2.02 |
| Net Debt / Equity | — | 0.22 | 0.35 | 0.41 | 0.42 | 0.29 | 0.25 | 0.24 | 0.28 | 0.25 | 0.29 |
| Net Debt / EBITDA | 0.50 | 0.50 | 1.17 | 20.28 | — | 0.96 | 1.00 | 1.03 | 1.90 | 1.14 | 1.88 |
| Debt / FCF | — | 0.69 | 0.85 | 1.82 | 1.54 | 1.51 | 1.45 | 1.34 | 1.22 | 1.43 | 1.61 |
| Interest Coverage | 33.97 | 33.97 | 15.40 | 0.08 | -4.46 | 20.59 | 22.39 | 17.65 | 8.92 | 14.58 | 10.34 |
ALL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.37x is below 1.0, meaning current liabilities exceed current assets.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.37 | 0.37 | — | — | — | — | — | 1.26 | 1.29 | 1.32 | 1.49 |
| Quick Ratio | 0.37 | 0.37 | — | — | — | — | — | 1.26 | 1.29 | 1.32 | 1.49 |
| Cash Ratio | 0.08 | 0.08 | — | — | — | — | — | 0.29 | 0.24 | 0.20 | 0.37 |
| Asset Turnover | — | 0.55 | 0.57 | 0.55 | 0.52 | 0.49 | 0.33 | 0.34 | 0.35 | 0.35 | 0.34 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
ALL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
The Allstate Corporation returns 4.1% to shareholders annually — split between a 1.8% dividend yield and 2.2% buyback yield. The payout ratio of 10.1% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 17.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.8% | 1.9% | 1.9% | 2.5% | 2.5% | 2.5% | 1.9% | 1.7% | 2.1% | 1.4% | 1.7% |
| Payout Ratio | 10.1% | 10.1% | 20.6% | — | — | 54.8% | 12.0% | 13.5% | 28.4% | 14.8% | 25.9% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 17.9% | 18.3% | 8.8% | — | — | 14.7% | 15.7% | 12.5% | 7.4% | 8.9% | 6.3% |
| FCF Yield | 18.0% | 17.9% | 16.9% | 10.8% | 12.8% | 13.6% | 14.9% | 12.5% | 16.8% | 10.4% | 13.2% |
| Buyback Yield | 2.2% | 2.2% | 0.0% | 0.9% | 6.9% | 10.1% | 5.8% | 7.6% | 9.2% | 3.9% | 4.8% |
| Total Shareholder Yield | 4.1% | 4.1% | 1.9% | 3.4% | 9.4% | 12.7% | 7.8% | 9.4% | 11.3% | 5.2% | 6.5% |
| Shares Outstanding | — | $265M | $268M | $263M | $271M | $299M | $316M | $334M | $353M | $368M | $377M |
Peer Comparison
Compare ALL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 ALLYou | $55B | 5.6 | 4.5 | 5.6 | 33.2% | 19.8% | 39.6% | 29.8% | 0.5 |
 PGR | $115B | 13.6 | 11.0 | 7.7 | 27.7% | 14.2% | 37.0% | 27.0% | 0.6 |
 TRV | $65B | 10.9 | 8.6 | — | 44.3% | 16.0% | 20.7% | 15.3% | 1.1 |
 HIG | $36B | 10.0 | 7.9 | 6.3 | 46.1% | 16.8% | 21.7% | 16.3% | 0.8 |
 CB | $125B | 12.5 | 10.9 | 8.6 | 29.4% | 21.8% | 13.9% | 10.8% | 1.7 |
 CNA | $12B | 9.3 | 8.5 | 4.9 | 30.7% | 11.0% | 11.5% | 8.9% | 1.8 |
 ERIE | $10B | 20.4 | 12.1 | 17.5 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 MET | $51B | 16.4 | 8.7 | 2.8 | 36.4% | 6.0% | 11.9% | 13.1% | 3.5 |
 PRU | $35B | 9.7 | 7.7 | 5.5 | 42.0% | 7.9% | 10.9% | 10.0% | 4.7 |
 LNC | $7B | 6.2 | 2.4 | — | 57.3% | 7.3% | 12.3% | 12.0% | 4.1 |
 AFL | $59B | 16.6 | 11.0 | 22.9 | 38.9% | 26.6% | 13.1% | 11.8% | 1.5 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonALL — Frequently Asked Questions
Quick answers to the most common questions about buying ALL stock.
What is The Allstate Corporation's P/E ratio?
The Allstate Corporation's current P/E ratio is 5.6x. The historical average is 12.5x. This places it at the 4th percentile of its historical range.
What is The Allstate Corporation's EV/EBITDA?
The Allstate Corporation's current EV/EBITDA is 4.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.6x.
What is The Allstate Corporation's ROE?
The Allstate Corporation's return on equity (ROE) is 39.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 12.4%.
Is ALL stock overvalued?
Based on historical data, The Allstate Corporation is trading at a P/E of 5.6x. This is at the 4th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is The Allstate Corporation's dividend yield?
The Allstate Corporation's current dividend yield is 1.83% with a payout ratio of 10.1%.
What are The Allstate Corporation's profit margins?
The Allstate Corporation has 33.2% gross margin and 19.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does The Allstate Corporation have?
The Allstate Corporation's Debt/EBITDA ratio is 0.5x, indicating low leverage. A ratio below 2x is generally considered financially healthy.