Aflac Incorporated AFL

113.72 (0.29) (0.25%) as of 25 Sep
Market cap
$57.2B
P/E
12.1×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Aflac Incorporated (AFL) P/B ratio

As of 25 September 2026, Aflac Incorporated (AFL) trades at a P/B ratio of 1.9×. Over the past ten years it has ranged from 0.6× (March 2020) to 2.6× (October 2024); the current reading is higher than 68% of that period. That is above the Insurance Life industry median of 1.1× and above the Financial sector median of 1.3×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 2.0× (10.62%)
FY2024 2.2× (1.28%)
FY2023 2.3× 0.09%
FY2022 2.3× 90.75%
FY2021 1.2× 25.07%
FY2020 0.9× (30.27%)
FY2019 1.4× (9.25%)
FY2018 1.5× 5.50%
FY2017 1.4× 1.05%
FY2016 1.4× (3.78%)

Quarterly

Period P/B ratio Change
Jun 2026 2.0× 3.80%
Mar 2026 1.9× (5.72%)
Dec 2025 2.0× (3.45%)
Sep 2025 2.1× (0.82%)
42 more quarters

Against its own ten years

Low 0.6× High 2.6×
Ten-year median 1.5×
Current reading's percentile 68

P/B ratio against peers

Company P/B ratio
PUK Prudential Public Limited Company compare n/m
LNC Lincoln National Corporation compare 0.8×
JXN Jackson Financial Inc. compare 0.9×
PRU Prudential Financial, Inc. compare 1.3×
UNM Unum Group compare 1.4×
AFL Aflac Incorporated 1.9×
GL Globe Life Inc. compare 2.1×
MET MetLife, Inc. compare 2.3×
PRI Primerica, Inc. compare 3.4×
Insurance Life industry median 1.1×
Financial sector median 1.3×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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