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Friday 6 November 2026 Export PFG’s income statement to Excel — free account

Principal Financial Group, Inc.

PFG Financial Asset Management

Principal Financial Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $15.6 billion, down 3.11% from fiscal 2024.

Revenue
+25.4%
EPS
+190.8%
Free cash flow
+51.0%
Total debt
+14.4%

Quarter to September 2026, against a year earlier

111.82 1.00 −0.89%
Market cap
$24.0B
P/E
12.6×
Fwd P/E
12.2×
Dividend yield
2.88%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Principal Financial Group, Inc. (PFG) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Principal Financial Group, Inc. (PFG) trades at a P/B ratio of 2.0×. Over the past ten years it has ranged from 0.5× (March 2020) to 2.5× (November 2022); the current reading is higher than 96% of that period. That is above the Asset Management industry median of 0.9× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.6× 2.22%
FY2024 1.6× (7.35%)
FY2023 1.7× (17.06%)
FY2022 2.1× 74.02%
FY2021 1.2× 47.13%
FY2020 0.8× (21.40%)
FY2019 1.0× (5.31%)
FY2018 1.1× (29.97%)
FY2017 1.6× (4.46%)
FY2016 1.6× 16.63%

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.0× 5.76%
Jun 2026 1.9× 15.68%
Mar 2026 1.7× 0.16%
Dec 2025 1.6× 4.80%
43 more quarters

Against its own ten years

Low 0.5× High 2.5×
Ten-year median 1.5×
Current reading's percentile 96

P/B ratio against peers

Company P/B ratio
OWL Blue Owl Capital Inc. compare 1.3×
BEN Franklin Resources Inc compare 1.3×
TROW T. Rowe Price Group, Inc. compare 2.0×
TPG TPG Inc. compare 2.0×
PFG Principal Financial Group, Inc. 2.0×
CRBG Corebridge Financial, Inc. compare 2.2×
RJF Raymond James Financial, Inc. compare 2.5×
NTRS Northern Trust Corporation compare 2.5×
PS Pershing Square Inc. compare 14.2×
Asset Management industry median 0.9×
Financial sector median 1.3×
Market median 1.7×

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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