AFL
Aflac
$123.78
▼ 2.3%Updated Aug 7, 11:30 AM ET
AFL at a glance — five pillars scored 0–100 from real filed financials.
Overall: Strong · 74/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▲ Up 12.5% over the last 12 months
Market Cap
$61.53B
P/E
13.59x
Forward P/E (est.)
9.88x
ROE
16.1%
Revenue Growth
7.2%
EPS Growth
37.5%
Profit Margin
25.6%
FCF Yield
—
Debt / Equity
0.28x
ROIC
11.0%
Interest Coverage
21.32x
Current Ratio
—
Dividend Yield
2.1%
Implied Growth (rev. DCF)
—
Rating Score
74/100
Aflac (AFL) is a large-cap company in the Life & Health Insurance industry, part of the Financials sector of the S&P 500, with a market value around $61.53B.
In its latest reported year it generated about $17.16B in revenue and $3.65B in net profit.
Our model rates AFL Strong (74/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (10 years of history).
Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
21.5% average over the last 3 years
±1.5 pts around 20.2% across 7 years
grew in 3 of the last 9 year-over-year periods
positive in 10 of 10 years
11.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what AFL's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. AFL trades near $123.78, above its 50-day average ($116.07) and 200-day average ($111.95). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 62 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. AFL's is $2.29 (~1.9% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month AFL found buyers near $114.42 (support) and sellers near $120.88 (resistance); its 52-week range is $96.95–$120.88. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.6× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
-5.5%
Revenue moved from $22.56B in 2016 to $17.16B in 2025, a -3.0% compound annual growth rate. The most recent year grew a steady 7.2% year over year. Slower, mature growth is common for established businesses.
Gross Margin
—
Operating Margin
32.3%
Net Margin
21.2%
ROE
16.1%
Aflac keeps about 25.6% of each sales dollar as net profit. Return on equity is 16.1% and return on invested capital about 11.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
—
Net Debt
—
Net Debt / EBITDA
—
Debt / Equity
0.28x
Leverage: debt-to-equity is 0.3x, and operating profit covers interest about 21.3x. That is a conservative balance sheet — a cushion in downturns.
Operating CF
$2.56B
Free Cash Flow
$2.56B
FCF Margin
14.9%
In the latest year Aflac produced about $2.56B of operating cash flow and $2.56B of free cash flow after capital spending. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
The payout is comfortably covered by cash the business actually generates, with a raise habit behind it.
Dividend yield
2.1%
Per share (latest FY)
$2.32
Total paid (latest FY)
$1.20B
History on record
10 years
dividend uses 47% of free cash flow
33% of net income paid out
total dividends increased 2 years in a row
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
13.59x
P/S
3.48x
P/B
2.07x
EV / EBITDA
—
AFL trades at 13.6x trailing earnings (about 9.9x on estimated forward earnings), 3.5x sales, and 2.1x book value. That is an undemanding multiple — potentially cheap if the business is stable.
Where AFL sits versus its Financials sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 141 Financials companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How AFL stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
In the Financials sector (289 S&P 500 companies), AFL ranks #23 of 289 by our overall rating. It trades at roughly in line versus the sector on earnings (13.6x P/E vs. 15.8x median) with a higher return on equity (16.1% vs. 13.6%) and slower revenue growth (7.2% vs. 15.9%).
P/E vs sector
13.6x
median 15.8x
ROE vs sector
16.1%
median 13.6%
Growth vs sector
7.2%
median 15.9%
Sector rank
#23
of 289 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size. Sector median is across all 289 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $123.78 today · expected CAGR -8% – 3%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $18.37B | $19.65B | $21.03B | $22.50B | $24.07B |
| Net income | $3.86B | $4.13B | $4.42B | $4.72B | $5.06B |
| EPS | $7.76 | $8.30 | $8.88 | $9.51 | $10.17 |
| Share price (low) | $62.07 | $66.42 | $71.07 | $76.04 | $81.37 |
| Share price (high) | $108.63 | $116.23 | $124.37 | $133.07 | $142.39 |
| CAGR (low–high) | -50% / -12% | -27% / -3% | -17% / 0% | -11% / 2% | -8% / 3% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for AFL:
- High net margins (25.6%) point to pricing power or efficiency.
- Strong return on equity (16.1%) shows capital is put to work well.
- A conservative balance sheet (debt/equity 0.3x) lowers risk.
- Pays a 2.1% dividend on top of any price gains.
- Our model's overall read is Strong (74/100).
The case against AFL:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Aflac is a large-cap financials business growing at a mature pace, with solid profitability, and a sound balance sheet. It trades at 13.6x earnings, which our model scores Strong (74/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 23 Wall Street analysts covering AFL recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
AFL's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
AFL — frequently asked questions
Is AFL a good stock to buy?
We don't give buy or sell advice. Our model rates Aflac Strong (74/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is AFL's rating on The Stocks School?
Aflac currently scores 74/100 (Strong) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does AFL's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Aflac's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for AFL calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this AFL analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell AFL. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.