On 12 Nov 2026 our base value for Loews Corporation is $153.41 a share, 37.2% above its $111.83 close; 1 of 1 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | $153.41 | +37.2% | free cash flow $1.69bn, growth 1.9% for 5 years, then fading to 3% over 5 more, discounted at 8.19%; stress floor $105.15 |
| Exit multiple (P/E) | — | — | not reached for this company |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
The discount rate:
| Risk-free rate | 5.13% (10-year US Treasury yield) |
| Company's own beta | 0.49 (5 years of monthly returns against the S&P 500; standard error 0.13) |
| Peer beta | 0.93 (median of 74 S&P 500 Financials companies) |
| Blend of own and peers | 0.53 (93% own, 7% peers, weighted by how precisely the company's own beta is measured) |
| Adjusted beta | 0.68 (0.67 × 0.53 + 0.33, pulled toward the market's 1.0) |
| Equity risk premium | 4.5% |
| Discount rate = risk-free + adjusted beta × premium | 8.19% |
Free cash flow grows 1.90% a year for 5 years, then fades in equal steps toward 3% over 5 more; each year is discounted by 1 ÷ (1 + rate)^year:
| Year | Growth | Free cash flow | Discount factor | Present value |
|---|---|---|---|---|
| Now | — | $1.69bn | — | — |
| Year 1 | 1.90% | $1.73bn | 0.9243 | $1.59bn |
| Year 2 | 1.90% | $1.76bn | 0.8543 | $1.50bn |
| Year 3 | 1.90% | $1.79bn | 0.7897 | $1.41bn |
| Year 4 | 1.90% | $1.83bn | 0.7299 | $1.33bn |
| Year 5 | 1.90% | $1.86bn | 0.6746 | $1.25bn |
| Year 6 | 2.08% | $1.90bn | 0.6236 | $1.18bn |
| Year 7 | 2.27% | $1.94bn | 0.5764 | $1.12bn |
| Year 8 | 2.45% | $1.99bn | 0.5327 | $1.06bn |
| Year 9 | 2.63% | $2.04bn | 0.4924 | $1.01bn |
| Year 10 | 2.82% | $2.10bn | 0.4551 | $955.45m |
| Terminal value = year-10 cash flow × (1 + 3%) ÷ (8.19% − 3%) | $41.66bn |
| Terminal value in today's money | $18.96bn |
| Present value of years 1–10 | $12.42bn |
| Total present value | $31.38bn |
| Shares outstanding | 204.57m |
| Value per share = total ÷ shares | $153.41 |
How the DCF value moves with the discount rate and the starting growth (the middle cell is the published value):
| Discount rate | Growth -3.1% | Growth 1.9% | Growth 6.9% |
|---|---|---|---|
| 7.19% | $137.34 | $189.63 | — |
| 8.19% | $112.28 | $153.41 | — |
| 9.19% | $95.26 | $128.88 | $173.96 |
The same DCF at each beta, starting growth unchanged:
| Beta | Value | Discount rate | DCF value |
|---|---|---|---|
| Company's own beta | 0.49 | 7.33% | $183.35 |
| Peer beta | 0.93 | 9.32% | $126.36 |
| Adjusted beta (used) | 0.68 | 8.19% | $153.41 |
The base value is the average of the methods kept in it:
| Method | Value |
|---|---|
| Discounted cash flow | $153.41 |
One method is kept, so the base value is its value: $153.41
Base value $153.41 a share
One-year price simulation: a 10% chance the price is below $101.41 and a 10% chance it is above $142.45 in a year; a 71% chance it is higher than today's $111.83, from 13.19% volatility. The simulation assumes the price drifts up at our discount rate of 8.19% a year.
At $111.83 the price implies free cash flow growing -3.2% a year for five years and then fading toward 3% over five more; its revenue has grown 1.9%.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $106.03 | $183.56 |
| 9 Oct 2026 | $106.69 | $186.19 |
| 16 Oct 2026 | $110.52 | $206.24 |
| 23 Oct 2026 | $112.01 | $209.66 |
| 30 Oct 2026 | $111.32 | $214.41 |
| 6 Nov 2026 | $109.71 | $161.52 |
| 12 Nov 2026 | $111.83 | $153.41 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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