Aflac Incorporated (AFL) P/E Ratio History
Historical price-to-earnings valuation from 1989 to 2025
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AFL Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Aflac Incorporated (AFL) trades at a price-to-earnings ratio of 16.8x, with a stock price of $114.46 and trailing twelve-month earnings per share of $6.85.
The current P/E is 50% above its 5-year average of 11.2x. Over the past five years, AFL's P/E has ranged from a low of 6.5x to a high of 23.9x, placing the current valuation at the 85th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.3x, AFL trades at a 26% premium to its sector peers. The sector includes 779 companies with P/E ratios ranging from 0.0x to 197.4x.
Relative to the broader market, AFL trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our AFL DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
AFL P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $53B | 13.5 | - | +228% | |
| $35B | 9.8 | - | +36% | |
| $13B | 18.9 | 9.79 | -55% | |
| $3B | 16.4 | - | -21% | |
| $4B | 19.4 | 8.89 | -37% | |
| $12B | 11.0 | 0.70 | +18% | |
| $73B | 12.4 | - | +83% | |
| $6B | 2.0Lowest | 0.06Best | +474%Best | |
| $22B | 19.2 | - | -21% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
AFL Historical P/E Data (1989–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $110.27 | $6.83 | 16.1x | +39% |
| FY2025 Q3 | $111.70 | $7.66 | 14.6x | +26% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $105.46 | $4.41 | 23.9x | +106% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $111.19 | $6.40 | 17.4x | +50% |
| FY2024 Q4 | $103.44 | $9.60 | 10.8x | -7% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $111.80 | $6.64 | 16.8x | +45% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $89.31 | $9.45 | 9.5x | -19% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $85.86 | $9.06 | 9.5x | -18% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $82.50 | $7.74 | 10.7x | -8% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $76.75 | $7.59 | 10.1x | -13% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $69.80 | $7.77 | 9.0x | -23% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $64.52 | $7.22 | 8.9x | -23% |
Average P/E for displayed period: 11.6x
Full AFL Stock Analysis
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Start ComparisonAFL — Frequently Asked Questions
Quick answers to the most common questions about buying AFL stock.
Is AFL stock overvalued or undervalued?
AFL trades at 16.8x P/E, above its 5-year average of 11.2x. The 85th percentile ranking indicates a premium to historical valuation.
How does AFL's valuation compare to peers?
Aflac Incorporated P/E of 16.8x compares to sector median of 13.3x. The premium reflects expected growth above peers.
What is AFL's PEG ratio?
AFL PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1989-2025.