SweetValueLab
Write for us

Aflac Incorporated — Intrinsic Value & Fair Price

AFL
NYSEFinancial ServicesInsurance - LifeCIK 0000004977aflac.comAbout AFL
Last close · Oct 16, 2026119.97+1.92 (+1.63%)
Market cap$60.2B
Model value · P/B · justified
107.83
Aflac closed at $119.97 — overvalued by 11% vs model.
94.35the model's range125.80

P/B · justified leads for an insurer. From the justified price to book.

Other models
56.18 – 76.57
Wall St. target
123.50 3% below
Above model, 1y
20 of 20 days

Price and model value

Embed this card

AFL's close against its model value, as a 420×168 card for your own page. It updates nightly with this site and links back here.

Free to embed; keep the attribution link.
Loading chart…
What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
2.01%
Past 2 years
low 1.67%high 2.21%
Dividends per share, a year at a time
$1.27Aug ’21$1.53Aug ’22$1.66Aug ’23$1.92Aug ’24$2.24Aug ’25$2.41TTM
Dividends / earnings, FY2025
32.9%
Raised
41+ years in a row
Growth, 5 yrs
13.7% a year
Last change
+5.2% · Feb 2026
Every payment, with ex-dates · latest $0.61, paid Sep 1, 2026

Research on AFL

No posts on AFL yet.
Studied AFL from its filings? Guest posts are reviewed before they go live.Write about AFL →

How it is valued

Valued asInsurer
Revenue declining (~-4% recent)High profitability (21% net margin)Pays dividendsHighly cyclical earnings
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for insurers
Price / book
2.2×
Return on equity
12.4%
P/E
17.6×
Dividend yield, TTM
2.01%
Payout ratio
32.9%
Debt / equity
0.3
Full financials

Analyst actions

third-party, quoted
10-06UBS · target125.00
08-19Wells Fargo · target122.00
08-10Piper Sandler · target138.00
01-04Evercore ISI Group · “Underperform” from “In Line”downgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just AFL. No account.

About Aflac

Aflac Incorporated, operating through its various subsidiary companies, focuses on delivering supplementary health and life insurance policies. The firm's business activities are structured into two primary divisions: Aflac Japan and Aflac U.S. In Japan, the company offers a diverse range of insurance products, including coverage for cancer, medical expenses, income support for nursing care, and the distinct GIFT plan. This segment also provides traditional whole and term life insurance, along with savings-oriented plans like WAYS and child endowment products. Meanwhile, the Aflac U.S. division caters to the American market, furnishing policies that address cancer, accidents, short-term disability, critical illness, and hospital stays. Additionally, it provides dental, vision, long-term care, disability, and both term and whole life insurance options. Aflac distributes its comprehensive suite of products through multiple channels, which include dedicated sales associates, independent brokers, various corporate and individual agencies, and affiliated agencies. Established in 1955, the company maintains its corporate headquarters in Columbus, Georgia.

CEO
Daniel Paul Amos
Headquarters
Columbus, GA
Employees
12,716
IPO
1980-03-17
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.