P/E ratio for Aflac (AFL)
P/E ratio as of April 2024 (TTM): 10.6
According to Aflac's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.6134. At the end of 2022 the company had a P/E ratio of 10.4.
P/E ratio history for Aflac from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 10.4 | 13.97% |
| 2021 | 9.10 | 37.23% |
| 2020 | 6.63 | -44.25% |
| 2019 | 11.9 | -1.11% |
| 2018 | 12.0 | 51.87% |
| 2017 | 7.92 | -26.53% |
| 2016 | 10.8 | 5.76% |
| 2015 | 10.2 | 8.89% |
| 2014 | 9.36 | -4.91% |
| 2013 | 9.84 | 13.53% |
| 2012 | 8.67 | -16.67% |
| 2011 | 10.4 | -8.6% |
| 2010 | 11.4 | -21.04% |
| 2009 | 14.4 | -16.71% |
| 2008 | 17.3 | -7.47% |
| 2007 | 18.7 | 21.11% |
| 2006 | 15.4 | -1.57% |
| 2005 | 15.7 | -1.59% |
| 2004 | 15.9 | -34.37% |
| 2003 | 24.3 | 28.18% |
| 2002 | 18.9 | 1.04% |
| 2001 | 18.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Assurant AIZ | 17.3 | 63.47% | 🇺🇸 USA |
 Cigna CI | 19.5 | 84.02% | 🇺🇸 USA |
 Principal PFG | 11.7 | 10.38% | 🇺🇸 USA |
 Unum UNM | 8.14 | -23.31% | 🇺🇸 USA |
 CNO Financial Group
CNO | 13.3 | 25.42% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.