Allstate Corp. (ALL) intrinsic value & 10-year financials
Allstate Corp. (ALL) has a Graham intrinsic value of $1,264.19 per share. At $247.88 on Oct 17, 2026, the stock trades 80% below that value. Over the last 10 fiscal years revenue grew 7.1% a year to $67.7B, with an average return on invested capital of 10.7%.
- Graham intrinsic value
- $1,264.19
- Share price (Oct 17, 2026)
- $247.88
- Price vs Graham value
- 80% below
- Market cap
- $66.2B
- Revenue (FY2025)
- $67.7B
- Revenue growth (10-yr CAGR)
- 7.1%
- ROIC (10-yr avg)
- 10.7%
- Free cash flow (FY2025)
- $9.9B
ALL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $67.7B | $10.3B | $38.06 | $9.9B | — | 31.0% |
| FY2024 | $64.1B | $4.7B | $16.99 | $8.7B | — | 17.3% |
| FY2023 | $57.1B | -$188.0M | -$1.20 | $4.0B | — | -0.8% |
| FY2022 | $51.4B | -$1.3B | -$5.22 | $4.7B | — | -4.6% |
| FY2021 | $50.6B | $1.6B | $4.96 | $4.8B | — | 4.6% |
| FY2020 | $44.8B | $5.6B | $17.31 | $5.2B | — | 15.9% |
| FY2019 | $44.7B | $4.8B | $14.03 | $4.7B | — | 16.3% |
| FY2018 | $39.8B | $2.3B | $5.96 | $4.9B | — | 8.1% |
| FY2017 | $38.5B | $3.2B | $8.36 | $4.0B | — | 11.6% |
| FY2016 | $36.5B | $1.9B | $4.67 | $3.7B | — | 7.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Allstate has demonstrated mature, steady growth, with revenue compounding at 7.1% annually over the past decade.
Allstate returns on capital have been average, hovering around 10.7% ROIC over the decade.
Over the decade, Allstate shows that management has aggressively returned capital to shareholders by retiring 29.2% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Allstate is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1264.19 per share.