20 Stocks with the Lowest Forward PE Ratio

10. The Allstate Corporation (NYSE:ALL)

Forward P/E Ratio: 8.18

Number of Hedge Fund Holders: 60

The Allstate Corporation (NYSE:ALL) ranks among the stocks with the lowest forward PE ratios. On January 22, BMO Capital boosted its price target for The Allstate Corporation (NYSE:ALL) to $249 from $244, retaining its Buy rating on the insurance company. The revision increases BMO’s Allstate earnings per share forecast run rate by 2% in 2026/27.

BMO ascribed the increased target to lower expected reinsurance costs following reduced catastrophe loss rates in the latter half of 2025. Furthermore, The Allstate Corporation (NYSE:ALL) recorded major catastrophe losses of $209 million in the fourth quarter, which amounted to $165 million post taxation. The losses totaled $46 million in November and $80 million in December.

BMO’s assessment was also influenced by information from reinsurance brokers showing double-digit drops in property catastrophe reinsurance costs at recent January 1 renewals.

The Allstate Corporation (NYSE:ALL) offers a variety of insurance services and products, such as protection, health, and property and casualty insurance. In addition, the company offers consumer protection plans, roadside assistance, and analytics solutions.