Question 1

What is Aflac's P/E ratio?

Accepted Answer

Aflac (AFL) P/E ratio is 13.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Aflac?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Aflac specifically, the relevant sector benchmark is the current sector median of 12.8×.

Question 5

Is Aflac's P/E ratio high or low?

Accepted Answer

Aflac's P/E ratio of 13.1× is above its own 5-year average of 11.2× and above the sector median of 12.8×. That places the current reading at the 74th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Aflac's historical P/E ratio range?

Accepted Answer

In the available daily series, Aflac (AFL) P/E ratio has ranged from a low of 5.6× in 2020 to a high of 25.0× in 2025. The 5-year average is 11.2× and the 5-year median is 10.0×.

Question 7

What was Aflac's P/E ratio in 2025?

Accepted Answer

Aflac (AFL) P/E ratio at the end of 2025 was 16.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Aflac's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$58.45B	$3.65B	16.0×	+5.4×	Dec 31, 2025
2024	$57.71B	$5.44B	10.6×	+0.3×	Dec 31, 2024
2023	$48.00B	$4.66B	10.3×	+0.2×	Dec 31, 2023
2022	$44.59B	$4.41B	10.1×	+1.2×	Dec 31, 2022
2021	$38.48B	$4.33B	8.9×	+2.5×	Dec 31, 2021
2020	$30.64B	$4.78B	6.4×	-5.3×	Dec 31, 2020
2019	$38.79B	$3.30B	11.7×	+0.0×	Dec 31, 2019
2018	$34.23B	$2.92B	11.7×	+4.3×	Dec 31, 2018
2017	$34.42B	$4.60B	7.5×	-3.0×	Dec 31, 2017
2016	$27.92B	$2.66B	10.5×	+0.6×	Dec 31, 2016
2015	$25.08B	$2.53B	9.9×	+0.7×	Dec 31, 2015
2014	$27.27B	$2.95B	9.2×	-0.5×	Dec 31, 2014
2013	$30.87B	$3.16B	9.8×	+1.1×	Dec 31, 2013
2012	$24.83B	$2.87B	8.7×	-1.7×	Dec 31, 2012
2011	$20.15B	$1.95B	10.4×	-0.9×	Dec 31, 2011
2010	$26.41B	$2.34B	11.3×	-3.2×	Dec 31, 2010
2009	$21.65B	$1.50B	14.5×	-2.6×	Dec 31, 2009
2008	$21.37B	$1.25B	17.0×	-1.3×	Dec 31, 2008
2007	$29.95B	$1.63B	18.3×	+3.1×	Dec 31, 2007
2006	$22.57B	$1.48B	15.2×	-0.4×	Dec 31, 2006
2005	$23.12B	$1.48B	15.6×	-0.1×	Dec 31, 2005
2004	$20.03B	$1.27B	15.7×	-7.5×	Dec 31, 2004
2003	$18.45B	$794.00M	23.2×	+4.4×	Dec 31, 2003
2002	$15.50B	$821.00M	18.9×	+0.3×	Dec 31, 2002
2001	$12.76B	$686.00M	18.6×	—	Dec 31, 2001


Globe Life (GL-PD)	9.7×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Everest Re Group (RE)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL)	9.3×
The Hartford (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Ally Financial (ALLY)	8.7×
Travelers Companies (TRV)	8.3×
PayPal (PYPL)	8.2×
Farmers & Merchants Bancorp (FMCB)	8.0×
Chesapeake Financial Shares (CPKF)	7.6×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Re Group (EG)	6.5×
Synchrony Financial (SYF)	6.5×
Mercury General (MCY)	5.8×
RenaissanceRe Holdings (RNR)	4.5×
Allstate (ALL)	4.4×

P/E Ratio for Aflac (AFL)

P/E Ratio daily chart for Aflac (AFL)

Historical P/E Ratio for Aflac (AFL) from 2001 to 2025

About P/E Ratio at Aflac (AFL)

Aflac P/E Ratio by Year

Aflac P/E Ratio 2025: 16.0×

Aflac P/E Ratio 2024: 10.6×

Aflac P/E Ratio 2023: 10.3×

Aflac P/E Ratio 2022: 10.1×

Aflac P/E Ratio 2021: 8.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Aflac (AFL) Key Financials

P/E Ratio daily chart for Aflac (AFL)

Historical P/E Ratio for Aflac (AFL) from 2001 to 2025

About P/E Ratio at Aflac (AFL)

Aflac P/E Ratio by Year

Aflac P/E Ratio 2025: 16.0×

Aflac P/E Ratio 2024: 10.6×

Aflac P/E Ratio 2023: 10.3×

Aflac P/E Ratio 2022: 10.1×

Aflac P/E Ratio 2021: 8.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Aflac's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Aflac?

+Is Aflac's P/E ratio high or low?

+What is Aflac's historical P/E ratio range?

+What was Aflac's P/E ratio in 2025?

+Why does Aflac's P/E ratio change over time?

Aflac (AFL) Key Financials