Genworth is Cheap but Exposure to Canada, Australia Worrisome

Rupert Hargreaves

Published onAugust 27, 2013

Updated on May 13, 2021

Genworth Financial Inc (NYSE:GNW) has been a good play on the housing recovery so far this year. Indeed, the company still trades at a discount to book value, which, excluding accumulated with other comprehensive income, stood at $23.4 per share at the end of the second quarter. Earnings per share are expected to grow 10% this year and on a forward earnings basis, that makes the company one of the cheapest within the life insurance sector, which trades at a forward P/E of around 10, compared to Genworth's ratio of 9.

Genworth is the company's exposure to international markets

However, what...

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Rupert Hargreaves

Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha

Genworth is Cheap but Exposure to Canada, Australia Worrisome

Genworth is the company's exposure to international markets

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