Corebridge Financial, Inc. (CRBG) intrinsic value & 10-year financials

Corebridge Financial, Inc. (CRBG) has a Graham intrinsic value of $54.11 per share. At $34.43 on Oct 17, 2026, the stock trades 36% below that value. Over the last 7 fiscal years revenue grew 4.2% a year to $18.5B, with an average return on invested capital of 13.0%.

Graham intrinsic value
$54.11
Share price (Oct 17, 2026)
$34.43
Price vs Graham value
36% below
Market cap
$18.6B
Revenue (FY2025)
$18.5B
Revenue growth (7-yr CAGR)
4.2%
ROIC (10-yr avg)
13.0%
Free cash flow (FY2025)
—

CRBG 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $18.5B -$366.0M -$0.68 — — -3.0%
FY2024 $18.8B $2.2B $3.72 — — 19.3%
FY2023 $18.9B $1.1B $1.71 — — 7.8%
FY2022 $26.7B $8.1B $12.59 — — 31.2%
FY2021 $23.4B $7.4B — — — 20.8%
FY2020 $15.1B $642.0M — — — 1.7%
FY2019 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Corebridge Financial, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Corebridge Financial, Inc. has earned high returns on invested capital, averaging 15.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Corebridge Financial, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Corebridge Financial, Inc. is modeled at 4.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $54.11 per share.

CRBG stock: frequently asked questions

What is the intrinsic value of Corebridge Financial, Inc. (CRBG) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 4.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CRBG's intrinsic value is about $54.11 per share.

Is CRBG stock undervalued?

At $34.43 (close on Oct 17, 2026), CRBG trades 36% below its Graham value of $54.11. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is CRBG's return on invested capital?

Average ROIC over the last 7 fiscal years was 13.0%, and average return on equity was 16.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CRBG data come from?

From Corebridge Financial, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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