Aegon Ltd. (AEG) Financial Ratios
30 years of historical data (1995–2024) · Financial Services · Insurance - Diversified
EV/EBITDA
↑
20.37
↑+180% vs avg
5yr avg: 7.27
30Y Low0.3·High23.4
P/FCF
↑
15.79
↑+39% vs avg
5yr avg: 11.33
30Y Low1.0·High73.4
P/B Ratio
↑
1.61
↑+109% vs avg
5yr avg: 0.77
30Y Low0.3·High8.8
ROE
↑
7.3%
↓+235% vs avg
5yr avg: 2.2%
30Y Low-7%·High17%
Debt/EBITDA
↑
7.98
↑+156% vs avg
5yr avg: 3.12
30Y Low0.3·High13.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AEG Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Aegon Ltd. trades at 24.9x earnings, 66% above its 5-year average of 15.0x, sitting at the 76th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 82%. On a free-cash-flow basis, the stock trades at 15.8x P/FCF, 39% above the 5-year average of 11.3x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.8B | $11.8B | $10.9B | $10.2B | $10.2B | $8.1B | $9.3B | $12.1B | $16.5B | $14.5B | $15.2B |
| Enterprise Value | $14.6B | $13.4B | $11.7B | $13.5B | $15.5B | $10.8B | $9.1B | $17.0B | $20.3B | $17.2B | $19.6B |
| P/E Ratio → | 24.88 | 19.63 | — | — | 10.29 | — | 7.55 | 17.22 | 5.83 | 25.14 | — |
| P/S Ratio | 0.58 | 0.61 | 0.84 | — | 0.22 | 0.20 | 0.15 | 0.83 | 0.31 | 0.29 | 0.48 |
| P/B Ratio | 1.61 | 1.27 | 1.16 | 0.72 | 0.39 | 0.33 | 0.38 | 0.54 | 0.68 | 0.59 | 0.58 |
| P/FCF | 15.79 | 16.65 | 13.63 | 3.70 | — | — | 1.30 | 30.77 | 36.40 | 4.50 | 19.72 |
| P/OCF | 14.73 | 15.54 | 12.61 | 3.58 | — | — | 1.28 | 23.45 | 29.76 | 4.38 | 16.66 |
P/E links to full P/E history page with 30-year chart
AEG EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Aegon Ltd.'s enterprise value stands at 20.4x EBITDA, 180% above its 5-year average of 7.3x. The Financial Services sector median is 11.4x, placing the stock at a 78% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.68 | 0.90 | — | 0.33 | 0.27 | 0.15 | 1.17 | 0.38 | 0.35 | 0.62 |
| EV / EBITDA | 20.37 | 21.35 | 0.95 | 13.42 | 0.35 | 0.28 | 4.17 | 7.50 | 6.11 | 16.00 | 19.50 |
| EV / EBIT | 19.41 | 20.07 | — | 16.15 | 11.00 | — | 5.22 | 16.34 | 6.82 | 18.01 | — |
| EV / FCF | — | 18.80 | 14.69 | 4.89 | — | — | 1.27 | 43.26 | 44.70 | 5.35 | 25.36 |
AEG Profitability
Margins and return-on-capital ratios measuring operating efficiency
Aegon Ltd. earns an operating margin of 3.4%, below the Financial Services sector average of 20.3%. Operating margins have expanded from -3.9% to 3.4% over the past 3 years, signaling improving operational efficiency. ROE of 7.3% is modest, trailing the sector median of 9.0%. ROIC of 4.7% represents below-average returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 100.0% | 100.0% | 18.2% | -66.0% | 100.0% | 100.0% | 100.0% | 100.0% | 93.8% | 93.2% | 91.7% |
| Operating Margin | 3.4% | 3.4% | 95.3% | -3.9% | 94.0% | 92.9% | 2.2% | 8.6% | 6.0% | 1.6% | -1.6% |
| Net Profit Margin | 3.5% | 3.5% | -1.4% | 2.6% | 4.3% | 0.1% | 2.0% | 4.9% | 4.4% | 1.2% | -1.4% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 7.3% | 7.3% | -1.5% | -2.8% | 7.8% | 0.2% | 5.3% | 3.0% | 9.6% | 2.3% | -1.6% |
| ROA | 0.2% | 0.2% | -0.1% | -0.1% | 0.4% | 0.0% | 0.3% | 0.2% | 0.6% | 0.1% | -0.1% |
| ROIC | 4.7% | 4.7% | 66.9% | 2.5% | 110.9% | 109.9% | 3.8% | 3.4% | 8.5% | 2.1% | -1.2% |
| ROCE | 0.2% | 0.2% | 3.6% | 0.2% | 9.6% | 8.6% | 0.3% | 0.3% | 0.8% | 0.2% | -0.1% |
AEG Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Aegon Ltd. carries a Debt/EBITDA ratio of 8.0x, which is highly leveraged (87% above the sector average of 4.3x). Net debt stands at $1.5B ($5.0B total debt minus $3.5B cash). Interest coverage of 109.5x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.54 | 0.54 | 0.52 | 0.47 | 0.46 | 0.45 | 0.49 | 0.61 | 0.60 | 0.57 | 0.51 |
| Debt / EBITDA | 7.98 | 7.98 | 0.40 | 6.65 | 0.27 | 0.29 | 5.52 | 6.01 | 4.39 | 13.07 | 13.43 |
| Net Debt / Equity | — | 0.16 | 0.09 | 0.23 | 0.20 | 0.11 | -0.01 | 0.22 | 0.15 | 0.11 | 0.17 |
| Net Debt / EBITDA | 2.44 | 2.44 | 0.07 | 3.26 | 0.12 | 0.07 | -0.11 | 2.17 | 1.14 | 2.53 | 4.34 |
| Debt / FCF | — | 2.15 | 1.06 | 1.19 | — | — | -0.03 | 12.49 | 8.31 | 0.85 | 5.64 |
| Interest Coverage | 109.50 | 109.50 | 1767.71 | 119.14 | 177.64 | 93.27 | 2.58 | 2.48 | 7.27 | 2.32 | -1.25 |
AEG Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Aegon Ltd.'s current ratio of 4.14x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 33.70x to 4.14x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.14 | 4.14 | 0.83 | 33.70 | 36.97 | 41.01 | 33.23 | 34.20 | 23.51 | 24.52 | 49.08 |
| Quick Ratio | 4.14 | 4.14 | 0.83 | 83.26 | 43.07 | 41.01 | 40.98 | 41.81 | 27.66 | 28.26 | 129.78 |
| Cash Ratio | 7.95 | 7.95 | 0.44 | 29.61 | 35.15 | 38.60 | 31.22 | 32.16 | 21.77 | 22.92 | 47.13 |
| Asset Turnover | — | 0.06 | 0.04 | -0.05 | 0.10 | 0.09 | 0.14 | 0.04 | 0.13 | 0.12 | 0.08 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
AEG Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Aegon Ltd. returns 11.7% to shareholders annually — split between a 3.5% dividend yield and 8.2% buyback yield. The payout ratio of 75.7% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 4.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 3.5% | 4.4% | 4.5% | 1.6% | 1.2% | 0.8% | 3.3% | 2.7% | 1.8% | 2.1% | 1.9% |
| Payout Ratio | 75.7% | 75.7% | — | — | 6.1% | 140.0% | 24.9% | 46.2% | 12.5% | 52.2% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.0% | 5.1% | — | — | 9.7% | — | 13.2% | 5.8% | 17.1% | 4.0% | — |
| FCF Yield | 6.3% | 6.0% | 7.3% | 27.0% | — | — | 76.8% | 3.3% | 2.7% | 22.2% | 5.1% |
| Buyback Yield | 8.2% | 7.8% | 9.8% | 5.9% | 2.3% | 0.7% | 3.4% | 2.0% | 1.6% | 4.3% | 1.4% |
| Total Shareholder Yield | 11.7% | 12.2% | 14.4% | 7.5% | 3.5% | 1.5% | 6.7% | 4.8% | 3.4% | 6.4% | 3.3% |
| Shares Outstanding | — | $2.0B | $1.9B | $2.0B | $2.1B | $2.1B | $2.1B | $2.6B | $2.6B | $2.6B | $2.7B |
Peer Comparison
Compare AEG with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AEGYou | $13B | 24.9 | 20.4 | 15.8 | 100.0% | 3.4% | 7.3% | 4.7% | 8.0 |
 MET | $57B | 18.2 | 9.7 | 3.2 | 36.4% | 6.0% | 11.9% | 13.1% | 3.5 |
 PRU | $38B | 10.6 | 8.3 | 6.0 | 42.0% | 7.9% | 10.9% | 10.0% | 4.7 |
 LNC | $7B | 6.5 | 2.6 | — | 57.3% | 7.3% | 12.3% | 12.0% | 4.1 |
 PFG | $24B | 21.2 | 14.3 | 5.4 | 45.2% | 9.1% | 9.9% | 9.0% | 2.5 |
 EQH | $13B | -9.3 | — | 18.7 | 79.1% | -10.2% | -51.5% | — | — |
 AFL | $60B | 17.1 | 11.3 | 23.5 | 38.9% | 26.6% | 13.1% | 11.8% | 1.5 |
 GL | $13B | 12.2 | 10.0 | 10.8 | 33.4% | 24.4% | 20.6% | 13.4% | 1.6 |
 CNO | $5B | 21.9 | 15.1 | 7.1 | 44.8% | 6.5% | 8.9% | 4.0% | 7.7 |
 UNM | $15B | 21.2 | 17.4 | 26.3 | 38.2% | 7.2% | 6.7% | 4.7% | 3.7 |
 FG | $4B | 14.5 | 4.5 | 0.8 | 30.8% | 5.6% | 5.9% | 5.0% | 2.3 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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AEG — Frequently Asked Questions
Quick answers to the most common questions about buying AEG stock.
What is Aegon Ltd.'s P/E ratio?
Aegon Ltd.'s current P/E ratio is 24.9x. The historical average is 18.7x. This places it at the 76th percentile of its historical range.
What is Aegon Ltd.'s EV/EBITDA?
Aegon Ltd.'s current EV/EBITDA is 20.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.7x.
What is Aegon Ltd.'s ROE?
Aegon Ltd.'s return on equity (ROE) is 7.3%. The historical average is 7.9%.
Is AEG stock overvalued?
Based on historical data, Aegon Ltd. is trading at a P/E of 24.9x. This is at the 76th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Aegon Ltd.'s dividend yield?
Aegon Ltd.'s current dividend yield is 3.47% with a payout ratio of 75.7%.
What are Aegon Ltd.'s profit margins?
Aegon Ltd. has 100.0% gross margin and 3.4% operating margin.
How much debt does Aegon Ltd. have?
Aegon Ltd.'s Debt/EBITDA ratio is 8.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.