P/E Ratio Insights for MetLife
Portfolio Pulse from Benzinga Insights
MetLife Inc. (NYSE:MET) is trading at $85.60, with a 0.49% increase in the current session. Over the past month, the stock rose by 5.77%, and by 42.66% over the past year. Its P/E ratio of 23.15 is higher than the insurance industry average of 18.7, suggesting potential overvaluation or expected future performance.
October 17, 2024 | 1:30 pm
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MetLife's stock is trading at $85.60, with a P/E ratio of 23.15, higher than the industry average of 18.7. This could indicate overvaluation or expectations of better future performance.
MetLife's higher P/E ratio compared to the industry average suggests that investors expect better future performance, but it could also mean the stock is overvalued. The stock's recent price increase and strong yearly performance add to the complexity of the valuation.
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