Last 48 quarters of trend data · Financial Services · Insurance - Life
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.78 | 17.98 | 13.85 | 10.64 | 9.07 | 23.75 | 524.48 | 7.56 | — | 7.20 | 6.60 | 44.84 | 7.27 | 6.44 | 8.36 | 58.02 | 4.98 | 6.40 | 10.19 | 9.30 | 9.87 |
| — | -24.3% | -97.4% | +40.8% | — | +229.8% | +7841.1% | -83.1% | — | +11.9% | -21.0% | -22.7% | +45.9% | +0.5% | -18.0% | +524.0% | -49.5% | -22.7% | +48.9% | +15.4% | +273.7% | |
| P/S Ratio | 3.35 | 3.63 | 3.27 | 3.00 | 3.10 | 3.37 | 4.40 | 2.66 | 5.16 | 2.45 | 2.28 | 3.13 | 2.26 | 2.03 | 2.05 | 2.79 | 1.88 | 1.67 | 2.04 | 1.80 | 1.66 |
| — | +7.8% | -25.7% | +12.7% | -39.9% | +37.1% | +93.1% | -15.0% | +128.0% | +20.7% | +11.2% | +12.3% | +20.1% | +21.9% | +0.4% | +55.2% | +13.3% | +0.7% | +33.6% | +40.1% | +44.3% | |
| P/B Ratio | 2.07 | 1.96 | 1.89 | 1.99 | 2.07 | 2.09 | 2.31 | 2.24 | 2.52 | 1.94 | 2.11 | 2.19 | 2.01 | 2.06 | 2.00 | 2.23 | 1.47 | 1.35 | 1.42 | 1.16 | 1.04 |
| — | -6.3% | -18.4% | -11.2% | -17.9% | +7.4% | +9.6% | +2.0% | +25.6% | -5.6% | +5.2% | -1.4% | +36.7% | +52.7% | +40.7% | +91.3% | +40.9% | +24.5% | +29.1% | +26.9% | +30.7% | |
| P/FCF | 22.83 | 132.32 | 14.59 | 46.56 | 11.87 | 35.58 | 25.81 | 43.88 | 12.33 | 49.63 | 14.60 | 14.48 | 8.93 | 23.80 | 11.13 | 10.85 | 8.25 | 17.45 | 8.34 | 11.12 | 4.73 |
| — | +271.9% | -43.5% | +6.1% | -3.8% | -28.3% | +76.8% | +203.0% | +38.2% | +108.5% | +31.2% | +33.5% | +8.2% | +36.4% | +33.4% | -2.4% | +74.6% | +83.7% | +28.7% | +96.1% | +45.7% | |
| EV / EBITDA | 10.97 | 14.61 | 11.43 | 8.21 | 5.80 | 17.87 | 109.19 | 6.99 | 176.69 | 6.44 | 6.04 | 44.23 | 6.51 | 6.09 | 8.05 | 23.05 | 7.21 | 5.54 | 8.80 | 8.44 | 8.29 |
| — | -18.2% | -89.5% | +17.4% | -96.7% | +177.4% | +1707.9% | -84.2% | +2613.2% | +5.8% | -25.0% | +91.9% | -9.7% | +10.0% | -8.5% | +173.2% | -13.0% | -22.4% | +46.5% | +22.5% | +35.5% | |
| EV / EBIT | 13.03 | 14.61 | 11.43 | 9.49 | 7.49 | 17.87 | 109.19 | 6.99 | 176.69 | 6.44 | 6.04 | 44.23 | 6.51 | 6.09 | 8.05 | 23.05 | 7.21 | 5.54 | 8.80 | 8.44 | 8.29 |
| — | -18.2% | -89.5% | +35.8% | -95.8% | +177.4% | +1707.9% | -84.2% | +2613.2% | +5.8% | -25.0% | +91.9% | -9.7% | +10.0% | -8.5% | +173.2% | -13.0% | -22.4% | +46.5% | +22.5% | +35.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.9% | 54.6% | 57.5% | 59.9% | 43.9% | 28.0% | 14.2% | 46.0% | 15.8% | 45.3% | 45.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | +94.8% | +305.5% | +30.3% | +178.1% | -38.0% | -68.8% | -54.0% | -84.2% | -54.7% | -54.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Operating Margin | 26.6% | 24.4% | 28.4% | 32.7% | 41.6% | 19.5% | 4.2% | 38.8% | 3.0% | 39.2% | 39.9% | 7.5% | 35.9% | 35.3% | 27.8% | 13.0% | 28.2% | 32.0% | 25.1% | 22.9% | 21.1% |
| — | +25.0% | +576.1% | -15.7% | +1272.4% | -50.2% | -89.5% | +416.5% | -91.5% | +11.0% | +43.7% | -42.3% | +27.2% | +10.1% | +10.5% | -43.0% | +33.4% | +28.6% | -9.1% | +12.8% | +3.2% | |
| Net Margin | 20.9% | 20.2% | 23.6% | 28.2% | 34.2% | 14.2% | 0.8% | 34.6% | -3.1% | 34.0% | 34.6% | 6.9% | 31.2% | 31.6% | 24.6% | 4.6% | 37.8% | 26.1% | 20.3% | 19.3% | 16.9% |
| — | +42.3% | +2712.0% | -18.6% | +1215.9% | -58.3% | -97.6% | +397.9% | -109.8% | +7.7% | +40.5% | +51.1% | -17.5% | +20.8% | +20.9% | -76.2% | +124.1% | +30.4% | -8.8% | +21.6% | -61.3% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 13.1% | 2.7% | 3.4% | 4.7% | 5.9% | 2.2% | 0.1% | 7.5% | -0.4% | 7.1% | 8.3% | 1.2% | 7.3% | 8.1% | 6.0% | 0.8% | 7.0% | 5.0% | 3.3% | 3.1% | 2.6% |
| — | +22.3% | +2999.5% | -36.5% | +1704.3% | -68.4% | -98.7% | +522.3% | -105.0% | -12.9% | +38.7% | +43.7% | +3.3% | +62.9% | +78.4% | -73.1% | +167.0% | +48.5% | -15.3% | +7.9% | -66.7% | |
| ROA | 3.1% | 0.7% | 0.9% | 1.2% | 1.3% | 0.5% | 0.0% | 1.5% | -0.1% | 1.4% | 1.5% | 0.2% | 1.2% | 1.2% | 0.9% | 0.1% | 1.4% | 1.0% | 0.7% | 0.7% | 0.6% |
| — | +45.3% | +3488.5% | -25.2% | +1875.1% | -65.9% | -98.4% | +626.6% | -106.1% | +16.5% | +67.7% | +49.4% | -9.2% | +24.8% | +29.6% | -78.2% | +144.9% | +42.7% | -14.1% | +11.8% | -64.3% | |
| ROIC | 11.8% | 2.3% | 2.9% | 3.9% | 5.0% | 2.1% | 0.4% | 5.9% | 0.3% | 5.6% | 6.3% | 0.9% | 5.8% | 5.9% | 4.3% | 1.6% | 3.6% | 4.2% | 2.8% | 2.6% | 2.3% |
| — | +7.8% | +643.8% | -34.3% | +1878.2% | -62.2% | -93.9% | +563.4% | -95.6% | -5.0% | +47.9% | -43.0% | +60.9% | +42.6% | +52.5% | -39.8% | +54.2% | +44.5% | -16.5% | +0.5% | -10.7% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.29 | 0.26 | 0.29 | 0.31 | 0.33 | 0.29 | 0.29 | 0.32 | 0.29 | 0.34 | 0.33 | 0.31 | 0.35 | 0.38 | 0.37 | 0.31 | 0.28 | 0.26 | 0.24 | 0.24 |
| — | -12.3% | -10.3% | -0.7% | -4.9% | +14.7% | -12.7% | -14.2% | +4.6% | -17.5% | -10.1% | -9.4% | -1.4% | +23.4% | +42.6% | +54.4% | +29.5% | +16.7% | +4.4% | +1.6% | -0.2% | |
| Debt / EBITDA | 1.52 | 8.24 | 6.15 | 4.54 | 3.31 | 10.87 | 53.46 | 3.51 | 86.72 | 3.69 | 3.66 | 25.39 | 3.86 | 3.88 | 5.53 | 14.20 | 5.66 | 4.34 | 6.00 | 6.46 | 7.25 |
| — | -24.2% | -88.5% | +29.3% | -96.2% | +194.3% | +1361.7% | -86.2% | +2148.6% | -4.9% | -33.9% | +78.8% | -31.8% | -10.6% | -7.9% | +119.9% | -21.9% | -26.6% | +19.0% | -0.5% | +6.8% | |
| Current Ratio | 12.39 | 11.31 | 8.86 | 12.39 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Quick Ratio | 12.39 | 11.31 | 8.86 | 12.39 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Interest Coverage | 21.14 | 16.55 | 21.42 | 26.26 | 35.98 | 15.81 | 2.90 | 42.70 | 1.84 | 40.38 | 46.17 | 6.17 | 36.84 | 35.78 | 27.96 | 9.53 | 22.53 | 31.05 | 23.11 | 21.61 | 19.53 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying AFL stock.
Aflac Incorporated's current P/E is 16.8x. The average P/E over the last 4 quarters is 12.9x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Aflac Incorporated's current operating margin is 26.6%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Aflac Incorporated's business trajectory between earnings reports.