Is Allstate Stock's Cheaper Valuation a Discount Deal or Fool's Gold?

Property and casualty insurer, The Allstate Corporation (ALL) , is trading comparatively cheap at the moment from a valuation standpoint. Its forward earnings multiple of 11.78X is lower than the property and casualty insurance industry average of 27.56X. The stock also looks attractively valued relative to other insurers like The Progressive Corporation (PGR) and The Travelers Companies, Inc. (TRV) , with forward 12-month P/E of 17.81X and 12.78X, respectively. Allstate now has a Value Score of B. Image So ...