Stock fact sheet · data as of
The Allstate Corporation (ALL): fair value, margin of safety and Wheel Score
Financial Services · Insurance - Property & Casualty · United States · Defensive
Is ALL undervalued?
At 239.60 (close of 16 Oct 2026), ALL trades 75% below the GLS average fair value of 964.49. That average comes from 9 models run on the latest filings, and 7 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns The Allstate Corporation the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between DDM (62.39) and GLS Growth (3,182.73). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files ALL under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for ALL
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 273.82 | +14% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 392.40 | +64% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 838.74 | +250% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 207.95 | -13% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 3,182.73 | +1228% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 1,250.07 | +422% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 1,894.66 | +691% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 62.39 | -74% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 577.65 | +141% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -248.81 | -204% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 266.43 | +11% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
The Allstate Corporation scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 8.4/10 puts ALL among the more durable businesses we track: over ten years the metrics the score watches (revenue, EPS, book value, margins, cash flow, ROIC) have mostly moved the right way, year after year.
Returns on capital are high - ROIC 27.0%, ROE 33.6%, ROA 8.6% - with debt at 0.24 times equity and a free-cash-flow yield of 20.2%.
The dividend yield is 1.77% at a payout ratio of 9%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Protection Services 100% (quarter Q1 FY2026).
Institutional ownership scores 10/10, insider activity 2/10 and Congressional trading 1/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 27.0% |
|---|---|---|---|
| GLS Moat | 8.4 / 10 | ROE | 33.6% |
| Debt / equity | 0.24 | ROA | 8.6% |
| Free-cash-flow yield | 20.2% | Payout ratio | 9% |
| Institutions | 10 / 10 | Insiders · Congress | 2 · 1 / 10 |
Wheel Score 90: Prime
With a Wheel Score of 90, The Allstate Corporation sits in the Prime band - price, quality and premium all line up for the wheel strategy. The parts: Value 25/25, Health 13/20, Moat 13/15, Premium 19/20, Stability 20/20. A high score is a ranking, not a signal: it says nothing about timing, the earnings date or your position size.
Implied volatility is 34% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (19 of 20 points). Chain open interest is 35,436 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 2.0M shares a day on a market cap of $60.6B, with a beta of 0.14 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 20 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 75% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 13 / 15 | moat 8.4/10 | |
| Premium | 19 / 20 | implied volatility 34% | |
| Stability | 20 / 20 | 2.0M shares/day, $60.6B cap, beta 0.14 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 4 Nov 2026 (after the close), 19 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Insurance - Property & Casualty
The 12 companies below are the closest to The Allstate Corporation by market cap within the Insurance - Property & Casualty industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| TRV The Travelers Companies, Inc. | 377.82 | 755.75 | +50% | 84Prime | $78.8B |
| PGR The Progressive Corporation | 213.46 | 465.89 | +54% | 88Prime | $124.0B |
| WRB W. R. Berkley Corporation | 73.80 | 95.04 | +22% | 85Prime | $27.4B |
| CB Chubb Limited | 352.79 | 592.59 | +40% | 84Prime | $136.1B |
| CINF Cincinnati Financial Corporation | 167.22 | 449.78 | +63% | 84Prime | $25.7B |
| MKL Markel Corporation | 1,824.54 | 5,307.56 | +66% | 68Good | $22.6B |
| L Loews Corporation | 108.79 | 231.90 | +53% | 82Prime | $22.2B |
| AIZN Assurant, Inc. 5.25% Subordinat | 17.18 | 154.79 | +89% | 39No options | $14.0B |
| AIZ Assurant, Inc. | 281.87 | 513.45 | +45% | 87Prime | $13.9B |
| CNA CNA Financial Corporation | 47.31 | 105.66 | +55% | 87Prime | $12.8B |
| AFG American Financial Group, Inc. | 145.73 | 182.51 | +20% | 67Good | $12.1B |
| ERIE Erie Indemnity Company | 238.69 | 218.24 | -9% | 69Good | $11.0B |
⚖ Compare ALL with 7 of them All Financial Services stocks →
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about ALL
Is ALL undervalued right now?
By the GLS models, yes: at 239.60 the stock is 75% below the average fair value of 964.49 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of ALL and what does it mean?
ALL scores 90 out of 100 (Prime). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for ALL?
964.49 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does The Allstate Corporation report earnings next?
The next earnings report is due on 4 Nov 2026 (after the close), 19 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does ALL have listed options, and how liquid are they?
Yes. The nightly snapshot found 690 listed contracts with 35,436 open interest across all expiries and implied volatility of 34% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.