Stock Trades at 1.62x Book Value: Is the Valuation Worth It?

Chubb Limited (CB) is trading at a trailing 12-month price-to-book value of 1.62x, above the industry average of 1.43x, but it carries a Zacks Value Score of B. The premium is tied to investor confidence in Chubb’s profitability, underwriting discipline, and growth outlook. Still, the higher multiple raises the question of whether fundamentals justify the spread. Chubb’s trailing 12-month return on equity (ROE) is 14.5% versus 7.5% for the industry, with core operating return on tangible equity at 21.2% in Q2 2026. Shares gained 21.3% over the past year.