MET · NYQ · Financial Services
MetLife, Inc.
Also onShortfallConsensus DriftCrosscheck
Implied value per share
USD 68.06
Market price
USD 100.94
Implied upside
-32.6%
10-year forecast · Excess returns over book equity · Base case · Price 2026-11-02 · Accounts to 2025-12-31
NoteA financial, valued on excess returns over book equity.
Excess Returns
- Return on equity
- 11.6%
- Payout
- 54%
- Cost of equity
- 8.48%
| Line | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 | FY32 | FY33 | FY34 | FY35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening book equity | USD 28.4bn | USD 29.8bn | USD 31.3bn | USD 32.7bn | USD 34.0bn | USD 35.4bn | USD 36.7bn | USD 37.9bn | USD 39.1bn | USD 40.2bn |
| Return on equity | 11.6% | 11.6% | 11.6% | 11.6% | 11.6% | 11.6% | 11.6% | 11.6% | 11.6% | 11.6% |
| Excess return | USD 874.8m | USD 919.2m | USD 963.2m | USD 1.0bn | USD 1.0bn | USD 1.1bn | USD 1.1bn | USD 1.2bn | USD 1.2bn | USD 1.2bn |
| Present value | USD 806.4m | USD 781.1m | USD 754.5m | USD 726.8m | USD 698.2m | USD 668.9m | USD 639.1m | USD 608.9m | USD 578.5m | USD 548.2m |
| Book equity | USD 28.4bn |
| Present value of excess returns | USD 6.8bn |
| Terminal, growing at 2.50% | USD 9.4bn |
| Equity value | USD 44.6bn |
| Per share | USD 68.06 |
Discount Rate
| Risk-free rate | 4.89% | US 10-year Treasury (^TNX), 2026-11-02 |
| Equity risk premium | 4.23% | Damodaran, January 2026 |
| Beta | 0.848 | Reported 0.773, pulled toward 1.0 (Blume) |
| Cost of equity | 8.48% | Risk-free + beta x equity risk premium |
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Yahoo Finance and RBA data. General information, not advice. Methodology.