American Financial Group, Inc. (AFGE) Financial Ratios
23 years of historical data (2003–2025) · Financial Services · Insurance - Property & Casualty
EV/EBITDA
↓
-12.05
↓-1979% vs avg
5yr avg: 0.64
30Y Low0.2·High1.8
P/FCF
↓
1.00
↓-20% vs avg
5yr avg: 1.25
30Y Low0.9·High1.5
P/B Ratio
↓
0.29
↓-22% vs avg
5yr avg: 0.37
30Y Low0.3·High0.5
ROE
↓
18.1%
-11% vs avg
5yr avg: 20.5%
30Y Low0%·High24%
Debt/EBITDA
↓
1.57
↑+105% vs avg
5yr avg: 0.76
30Y Low0.2·High9.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AFGE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
American Financial Group, Inc. trades at 1.7x earnings, 10% below its 5-year average of 1.8x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.3x, the stock trades at a discount of 88%. On a free-cash-flow basis, the stock trades at 1.0x P/FCF, 20% below the 5-year average of 1.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $1.4B | $1.5B | $1.7B | $1.6B | $2.3B | $2.5B | — | — | — | — |
| Enterprise Value | $-13967578088 | $-13950015000 | $1.6B | $1.9B | $2.3B | $2.3B | $2.9B | — | — | — | — |
| P/E Ratio → | 1.66 | 1.68 | 1.70 | 1.94 | 1.77 | 2.14 | 3.39 | — | — | — | — |
| P/S Ratio | 0.17 | 0.17 | 0.19 | 0.22 | 0.23 | 0.37 | 0.45 | — | — | — | — |
| P/B Ratio | 0.29 | 0.29 | 0.34 | 0.39 | 0.39 | 0.46 | 0.37 | — | — | — | — |
| P/FCF | 1.00 | 1.01 | 1.48 | 0.87 | 1.49 | 1.40 | 1.17 | — | — | — | — |
| P/OCF | 0.91 | 0.92 | 1.31 | 0.84 | 1.38 | 1.35 | 1.14 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
AFGE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | -1.71 | 0.20 | 0.26 | 0.34 | 0.37 | 0.53 | — | — | — | — |
| EV / EBITDA | -12.05 | -12.04 | 0.20 | 0.26 | 0.34 | 1.77 | 0.53 | — | — | — | — |
| EV / EBIT | -13.02 | -12.10 | — | — | — | 1.60 | — | — | — | — | — |
| EV / FCF | — | -9.98 | 1.54 | 1.01 | 2.18 | 1.38 | 1.39 | — | — | — | — |
AFGE Profitability
Margins and return-on-capital ratios measuring operating efficiency
American Financial Group, Inc. earns an operating margin of 13.1%, below the Financial Services sector average of 21.4%. Operating margins have compressed from 99.5% to 13.1% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 18.1% indicates solid capital efficiency, compared to the sector median of 9.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.3% | 46.3% | 100.0% | 100.0% | 100.0% | 102.7% | 100.0% | 100.0% | 102.3% | 100.9% | 100.7% |
| Operating Margin | 13.1% | 13.1% | 99.5% | 99.5% | 99.5% | 17.7% | 99.2% | 99.2% | 10.4% | 14.0% | 15.0% |
| Net Profit Margin | 10.3% | 10.3% | 11.1% | 11.4% | 13.2% | 22.3% | 13.1% | 15.0% | 7.6% | 7.0% | 10.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 18.1% | 18.1% | 20.3% | 20.5% | 19.8% | 23.6% | 11.2% | 16.0% | 10.3% | 9.3% | 13.4% |
| ROA | 2.7% | 2.7% | 2.9% | 3.2% | 3.7% | 2.9% | 1.1% | 1.4% | 0.9% | 0.9% | 1.3% |
| ROIC | — | — | 131.9% | 119.3% | 104.0% | 13.5% | 64.6% | 85.8% | 12.1% | 17.1% | 16.8% |
| ROCE | 3.4% | 3.4% | 39.2% | 42.3% | 43.1% | 2.8% | 8.8% | 10.2% | 1.4% | 2.0% | 2.2% |
AFGE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
American Financial Group, Inc. carries a Debt/EBITDA ratio of 1.6x, which is manageable (62% below the sector average of 4.1x). The company holds a net cash position — cash of $17.2B exceeds total debt of $1.8B, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 14.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.38 | 0.38 | 0.33 | 0.35 | 0.40 | 0.42 | 0.31 | 0.26 | 0.26 | 0.24 | 0.26 |
| Debt / EBITDA | 1.57 | 1.57 | 0.19 | 0.20 | 0.24 | 1.63 | 0.38 | 0.28 | 1.39 | 1.23 | 1.16 |
| Net Debt / Equity | — | -3.19 | 0.02 | 0.06 | 0.18 | -0.01 | 0.07 | -0.11 | -0.04 | -0.19 | -0.17 |
| Net Debt / EBITDA | -13.25 | -13.25 | 0.01 | 0.04 | 0.11 | -0.02 | 0.08 | -0.11 | -0.23 | -0.98 | -0.75 |
| Debt / FCF | — | -10.99 | 0.07 | 0.14 | 0.69 | -0.02 | 0.22 | -0.27 | -0.11 | -0.61 | -0.75 |
| Interest Coverage | 14.41 | 14.41 | 104.86 | 97.58 | 79.69 | 15.20 | 62.86 | 87.16 | 11.31 | 9.52 | 11.22 |
Net cash position: cash ($17.2B) exceeds total debt ($1.8B)
AFGE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio has declined from 0.45x to 0.25x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | — | — | 0.25 | 0.45 | 0.39 | 0.65 | 0.45 | 1.76 | 0.72 | 0.75 | 0.80 |
| Quick Ratio | — | — | 0.25 | 0.69 | 0.49 | 0.75 | 0.45 | 2.76 | 1.11 | 1.24 | 1.28 |
| Cash Ratio | — | — | 0.14 | 0.13 | 0.10 | 0.25 | 0.21 | 0.64 | 0.21 | 0.33 | 0.33 |
| Asset Turnover | — | 0.25 | 0.26 | 0.25 | 0.28 | 0.25 | 0.08 | 0.09 | 0.12 | 0.12 | 0.12 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
AFGE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
American Financial Group, Inc. returns 50.5% to shareholders annually — split between a 43.4% dividend yield and 7.1% buyback yield. The payout ratio of 72.0% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 60.2% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 43.4% | 42.9% | 16.1% | 41.4% | 12.2% | 100.0% | 6.5% | — | — | — | — |
| Payout Ratio | 72.0% | 72.0% | 27.4% | 80.3% | 21.5% | 170.8% | 22.0% | 49.5% | 24.0% | 22.9% | 15.1% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 60.2% | 59.6% | 58.9% | 51.5% | 56.6% | 46.8% | 29.5% | — | — | — | — |
| FCF Yield | 100.0% | 99.0% | 67.7% | 114.8% | 67.3% | 71.5% | 85.4% | — | — | — | — |
| Buyback Yield | 7.1% | 7.0% | 0.0% | 12.9% | 0.7% | 13.8% | 12.6% | — | — | — | — |
| Total Shareholder Yield | 50.5% | 49.9% | 16.1% | 54.2% | 12.9% | 100.0% | 19.1% | — | — | — | — |
| Shares Outstanding | — | $84M | $84M | $85M | $85M | $86M | $89M | $91M | $91M | $90M | $89M |
Peer Comparison
Compare AFGE 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 |
|---|---|---|---|---|---|---|---|---|---|
 AFGEYou | $1B | 1.7 | -12.1 | 1.0 | 46.3% | 13.1% | 18.1% | — | 1.6 |
 MKL | $22B | 10.4 | 7.6 | 8.6 | 69.4% | 16.5% | 11.5% | 10.7% | 1.5 |
 RLI | $5B | 11.5 | 8.8 | 7.6 | 29.8% | 27.5% | 24.4% | 22.8% | 0.2 |
 HIG | $37B | 10.1 | 8.0 | 6.4 | 46.1% | 16.8% | 21.7% | 16.3% | 0.8 |
 WRB | $25B | 14.9 | 10.9 | 7.2 | 19.8% | 15.9% | 19.6% | 18.2% | 1.2 |
 CINF | $25B | 10.6 | 7.8 | 8.1 | 50.1% | 23.6% | 16.0% | 15.3% | 0.3 |
 ERIE | $10B | 20.8 | 12.4 | 17.9 | 15.8% | 17.7% | 26.2% | 29.5% | — |
 AIG | $42B | 14.5 | 6.8 | 12.7 | 34.5% | 14.5% | 7.4% | 5.9% | 1.3 |
 TRV | $65B | 11.0 | 8.7 | — | 44.3% | 16.0% | 20.7% | 15.3% | 1.1 |
 CB | $126B | 12.5 | 10.9 | 8.7 | 29.4% | 21.8% | 13.9% | 10.8% | 1.7 |
 ALL | $56B | 5.7 | 4.6 | 5.7 | 33.2% | 19.8% | 39.6% | 29.8% | 0.5 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 23 years · Updated daily
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Start ComparisonAFGE — Frequently Asked Questions
Quick answers to the most common questions about buying AFGE stock.
What is American Financial Group, Inc.'s P/E ratio?
American Financial Group, Inc.'s current P/E ratio is 1.7x. The historical average is 2.1x.
What is American Financial Group, Inc.'s EV/EBITDA?
American Financial Group, Inc.'s current EV/EBITDA is -12.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 0.6x.
What is American Financial Group, Inc.'s ROE?
American Financial Group, Inc.'s return on equity (ROE) is 18.1%. The historical average is 13.0%.
Is AFGE stock overvalued?
Based on historical data, American Financial Group, Inc. is trading at a P/E of 1.7x. Compare with industry peers and growth rates for a complete picture.
What is American Financial Group, Inc.'s dividend yield?
American Financial Group, Inc.'s current dividend yield is 43.35% with a payout ratio of 72.0%.
What are American Financial Group, Inc.'s profit margins?
American Financial Group, Inc. has 46.3% gross margin and 13.1% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does American Financial Group, Inc. have?
American Financial Group, Inc.'s Debt/EBITDA ratio is 1.6x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.