P/E Ratio Insights for MetLife
Portfolio Pulse from Benzinga Insights
MetLife Inc.'s (NYSE:MET) stock is currently trading at $60.21, after a 1.81% drop. Over the past month, the stock decreased by 4.34%, and in the past year, by 3.33%. The company's P/E ratio is 142.6, higher than the aggregate P/E ratio of the Insurance industry at 45.5, indicating that the stock may be overvalued. The P/E ratio is a useful metric for analyzing a company's market performance, but it should not be used in isolation.
October 09, 2023 | 5:00 pm
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MetLife's stock has decreased by 4.34% over the past month and 3.33% over the past year. Its P/E ratio of 142.6 is higher than the industry average, suggesting the stock may be overvalued.
The stock's recent decrease and high P/E ratio compared to the industry average suggest that it may be overvalued. This could lead to further decreases in the short term.
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