Built from weaker models, sales multiples or analyst targets, so treat it as a rough guide.
Not used by alerts or posts.
Valued as an insurer: P/E comparison and Dividend discount.
ACCE opinionBrighthouse Financial Inc. Common Stock (BHF)
Fair value (2 models)
Not available
ACCE price target
$58.00
Rating
Not rated
Horizon
12 months
ACCE price target published on 11 Oct 2026, 00:00 CEST.
Price used: $45.41 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
ACCE score
67
out of 100
Analysts
0% buy
7 covering
P/E
3.6x
forward 2.3x
1-year return
-3.4%
Dividend yield
0.00%
Brighthouse Financial Inc. Common Stock in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
Brighthouse Financial sells annuities and life insurance through a distribution network of banks, broker-dealers and independent agents, with variable annuities and universal life as its core lines. At a $2.8 billion market cap and a trailing P/E of 3.8, the market is pricing the book as a run-off, not a growth franchise, so the question is whether the reported 86.7% revenue growth reflects durable earnings power or mark-to-market noise from its hedging program. Return on equity of 13.5% is the number to check against that, since insurers' reported margins swing heavily with interest rates and derivative valuations. The stock is outside every major index, which limits passive demand and can leave mispricing in place longer. This merits a deeper look at the statutory capital position, the hedge book's sensitivity to rate moves, and whether the 2.8 billion valuation already discounts a difficult annuity run-off.
⚠ Investor warnings · 4 flagsAI-assisted·How I use AI
high
Heavy short interest
Short interest is 14.3% of shares outstanding, which means a meaningful share of holders are betting against the stock and can amplify volatility.
high
Free cash flow negative
Free cash flow is $-102,000,000 despite reported net margin of +12.2%, so reported earnings are not converting into cash.
moderate
Five-year revenue shrinking
Revenue has compounded at -6.1% over five years, and the latest quarter fell 3.5% quarter over quarter, so the +86.7% year-on-year jump looks like a base effect rather than a durable trend.
moderate
Margin-quality weakness
The margin score is 32/100 against a 66 valuation score, and earnings growth of +1520.6% is far above revenue growth, which often signals one-off items rather than operating improvement.
AI research notes
AI-assisted·How I use AIWritten Oct 20, 2026 · figures from 2026-10-19 · prices to Oct 23, 2026
Why it could do well
Shares trade at 3.8x trailing earnings and 3.4x forward earnings, against a sector median forward P/E of 11.7x.
Analysts' mean price target of $61.67 sits 29.6% above the current share price.
The share count fell 7.2% in the last fiscal year, which lifts each remaining share's claim on earnings.
Why it could disappoint
Free cash flow over the last 12 months was negative at -$102M, and the yield is -3.7%.
Revenue has shrunk 6.1% a year on average over five years, so the 86.7% jump is a poor guide to trend.
Earnings missed expectations last quarter, coming in 10.6% below forecast at 4.45 against 4.98.
Each chip shows the exact figure and where it comes from. A claim without a source is not published.
Next results
Nov 5, 2026
We update the fair value about 2 days after the results, once the new figures are filed.Add to calendarGoogle
Walk me through this stock
Plain-English pros, cons, and what to watch. Pro feature.
PRO
Ask ACCE
Valuation
INVESTOR
Where BHF's valuation models land
Price
$45.41
Model fair valueConfidence: low
about $134
Model
Fair value
Upside
Dividend discount
P/E comparison
Create a free account: 5 full stock pages a month, no card.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
Quality
INVESTOR
Quality and conviction INVESTOR FEATURE
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
+A plain reason under every score
+Conviction breakdown and growth / value / quality / momentum scores