Aflac Incorporated Return On Equity vs. Current Valuation

AFL Stock  USD 114.62  -0.50  -0.43%   
Examining Aflac Incorporated's profitability and operating efficiency indicators, Aflac Incorporated maintains a strong margin profile with a net profit margin of 22.0% and an operating margin of 15.0%, producing net income of 3.65 Billion. Return on equity is 13.0%. Profitability trends are stable, with recent metrics holding near prior-year levels.
 
Return On Equity  
 First Reported
2010-12-31
 Previous Quarter
0.12363513
 Current Value
0.12363513
 Quarterly Volatility
0.03648648
Macro event markers
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.590.3893
Way Up
High Variability
Net Profit Margin0.220.2091
Notably Up
Consistent Growth
Operating Profit Margin0.150.2661
Way Down
High Variability
Pretax Profit Margin0.140.2599
Way Down
Moderate Growth
Return On Assets0.01730.0313
Way Down
High Variability
Return On Equity0.130.1236
Notably Up
Moderate Variation
Profitability metrics for Aflac Incorporated reflect a high-margin business with strong pricing power and efficient cost structure. Gross margin of 59.0% narrows sharply to a net margin of 22.0%, indicating that overhead, financing, or non-operating costs consume a large share of gross profit. Return on equity of 13.0% is amplified by financial leverage relative to return on assets of 1.73%, meaning a significant portion of equity returns comes from the debt structure rather than operating efficiency. Figures reflect Aflac Incorporated's last reported annual data.
  

Aflac Incorporated's Revenue Segments

Aflac Incorporated generates revenue across 3 reported product segments. Aflac Incorporated's revenue is anchored by Aflac Japan Member (2.28 Billion, 53.3%), followed by Aflac US Member (1.73 Billion, 40.4%). Aflac Incorporated's product mix shows a clear leader but retains enough breadth to absorb segment-specific headwinds.
Aflac Incorporated has a market cap of 59.05 B, an operating margin of 33.56% on a trailing twelve-month basis, compared to 15.0% in the last reported annual period, current ratio of 0.75. Sector concentration and correlation with existing positions affect diversification impact. Broader economic conditions can influence Aflac Incorporated's company valuation - related indicators include signals in price.
For more detail on Aflac Stock please use our How to Invest in Aflac Stock guide.Analyst consensus on Aflac Incorporated's EPS captures the range of professional forecasts and their trajectory over time. An operating margin of 15.0% frames the cost structure behind Aflac Incorporated's reported EPS. Analyst consensus for Aflac Incorporated typically uses EPS figures that exclude non-recurring items. The calculation can include costs related to employee stock options.
Macro event markers
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes
The projected EPS for Aflac Incorporated is 1.82, scheduled for 31st of March 2026. Narrowing estimate ranges for Aflac Incorporated typically indicate growing analyst agreement on forward earnings trajectory.

Aflac Incorporated Revenue Breakdown by Earning Segment Details

The pie chart below visualizes Aflac Incorporated's revenue allocation across its reported product segments. The smallest reported segment is Other Segments at 6.4% of total revenue.
The spread between high and low analyst estimates for Aflac Incorporated reflects the range of uncertainty around forward earnings. Forward estimates are inherently uncertain but provide a baseline for tracking how expectations evolve.
 Quarterly Earnings Growth
-22.9%
 Dividend Share
2.32
 Earnings Share
6.82
 Revenue Per Share
32.21
 Quarterly Revenue Growth
-9.9%
Aflac Incorporated's market capitalization and book value each provide useful but distinct information about the business. Together, market value, book value, and intrinsic value form a multi-dimensional view.
Aflac Incorporated intrinsic value attempts to capture underlying worth, separate from current trading levels. For Aflac Incorporated, key inputs include a P/E ratio of 9.27, a P/B ratio of 2.0, a profit margin of 22.0%, and ROE of 13.0%.

Aflac Incorporated Current Valuation vs. Return On Equity Fundamental Analysis

Return On Equity stood at 13.00% as of December 31, 2025. Related reported metric: Enterprise Value at 27.54 Billion as of December 31, 2025.

Aflac Current Valuation vs. Return On Equity

Aflac Incorporated's Return on Equity of 13.0% reflects a healthy level of efficiency in converting shareholder capital into profit. This range generally supports both reinvestment capacity and shareholder distributions without relying excessively on financial leverage to inflate the return.

Aflac Incorporated

Return On Equity

 = 

Net Income

Total Equity

 = 
0.13
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account all liquid assets, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.

Aflac Incorporated

Enterprise Value

 = 

Market Cap + Debt

-

Cash

 = 
65.2 B
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.

Aflac Current Valuation vs Competition

Aflac Incorporated sits atop the peer group for current valuation within its peer group. After adjusting for long-term liabilities, total market size of Financials industry is presently estimated at about 342.08 Billion. Aflac Incorporated retains roughly 65.2 Billion in current valuation claiming about 19% of equities under Financials sector.

Aflac Incorporated Profitability Projections

Profitability at Aflac Incorporated depends on the interaction of revenue growth, cost control, and pricing power. The direction of Aflac Incorporated's net profit across recent reporting periods reveals whether the cost structure is tightening or loosening. Aflac Incorporated currently maintains a profit margin of 22.0%. Rising profits paired with rising margins at Aflac Incorporated suggest operating leverage is translating scale into earnings. The operating margin stands at 15.0%. Multi-period margin trends separate structural profitability shifts from single-quarter noise in Aflac Incorporated's results. Recent net income of 3.65 B reflects the bottom-line result of these profitability dynamics.
Last ReportedEnd Of Year Estimate
Accumulated Other Comprehensive Income1.5 B1.6 B
Operating Income4.6 B2.6 B
Net Income3.6 B2.1 B
Income Tax Expense887 M606.2 M
Income Before Tax4.5 B2.9 B
Total Other Income Expense Net-108 M-113.4 M
Net Income Applicable To Common Shares3.6 B2.9 B
Net Income From Continuing Ops3.6 BB
Interest Income220 M186.5 M
Non Operating Income Net Other-14.9 M-15.7 M
Net Interest Income-220 M-231 M
Change To Netincome-472.5 M-448.9 M
Net Income Per Share 6.88 7.22
Income Quality 0.70 0.67
Net Income Per E B T 0.80 0.58

Aflac Profitability Driver Comparison

These pairwise comparisons map the structural relationships between Aflac Incorporated's revenue, cost, and return metrics. The driver pairs that are most stable across business cycles at Aflac Incorporated tend to be the most reliable inputs for profitability analysis.

Earnings History

Quarterly gross profit history for Aflac Incorporated is shown below using reported financial data.

Aflac Incorporated Quarterly Gross Profit

2.93 Billion
Mean reversion is the tendency of Aflac Incorporated's price to return to its historical average after periods of extreme deviation. Some analysts monitor this tendency by comparing Aflac Incorporated's price extremes to fundamental value.
Sentiment
Range
LowSentimentHigh
113.70114.81115.92
Details
Intrinsic
Valuation
LowIntrinsicHigh
97.9399.04126.08
Details
Naive
Forecast
LowNextHigh
112.98114.09115.19
Details
Analyst
Consensus
LowTargetHigh
101.79111.86124.16
Details
Aflac Incorporated is positioned within its peer group by benchmarking margins, returns, and multiples. This peer-relative view identifies where Aflac Incorporated leads, trails, or tracks its competitive set.

Estimated Months Earnings per Share

This chart shows the estimate series used for upcoming reporting periods.

Detailed Analysis of Earnings Estimates

Latest Earning Estimates and Surprises

The table below lists reported EPS, estimated EPS, and the reported surprise for each available quarter.

Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2026-02-04
2025-12-311.71.57-0.13
2025-11-04
2025-09-301.742.490.7543 
2025-08-05
2025-06-301.711.730.02
2025-04-30
2025-03-311.671.66-0.01
2025-02-05
2024-12-311.621.56-0.06
2024-10-30
2024-09-301.682.160.4828 
2024-07-31
2024-06-301.61.830.2314