CRBG - Corebridge Financial, Inc.
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$38.50
DETAILS
HIGH:
$45.00
LOW:
$29.00
MEDIAN:
$38.50
CONSENSUS:
$38.50
UPSIDE:
10.51%
AlphaVal
Deterministic, archetype-aware fair value
Banks, Insurers & Asset Managers
85% confidence
Primary model: P/Tangible Book × ROE Quality
Adjust Assumptions
-2.8%
9.9%
Key Value Driver
ROTCE (-2.8%) vs. cost of equity (9.9%)
Implied Market Multiple
1.18x
Plain-Language Summary
With ROTCE of -2.8% vs. 9.9% cost of equity, fair P/TBV is 0.30x on $29.61 tangible book, implying $96.72 per share.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (18 analysts)
$38.50
Analyst Range
$29.00 – $45.00
Divergence from AlphaVal
151%
Warnings
Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.
Return on equity (-2.8%) is below the minimum investors require (9.9%). This means the bank is worth less than the net assets on its books.
Wall Street's average price target is $38.50 (from 18 analysts). Our estimate is 151% above the consensus -- consider that gap carefully.
Key Risks
- Book value quality matters as much as level — check loan loss reserves
- Interest rate sensitivity creates non-linear earnings surprises
- Insurance reserving is actuarial, not financial — errors emerge slowly