Aflac (AFL)

Financial Services · Insurance - Life · S&P 500
$112.68 -0.83% on the day Market cap $58.0B 52-week range $105.43 to $130.22 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Aflac's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from AFL's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation6
Profitability7
Growth4
Financial health1

Key numbers

P/E (trailing)13.0x
P/E (forward)14.2x
Price / free cash flow22.7x
EV / EBITDA0.00x
Price / sales3.21x
Price / book1.87x
Revenue growth-1.0%
Operating margin—
Net margin26.9%
Return on equity16.0%
Dividend yield2.1%
Debt / equity2.83x

Results from SEC filings

Fiscal years, from Aflac's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$21.6B$19.1B$18.7B$18.9B$17.2B
Net income$4.2B$4.4B$4.7B$5.4B$3.6B
Free cash flow—————
EPS (diluted)$6.25$6.93$7.78$9.63$6.82
Operating margin22.9%21.7%———

Superinvestors who own AFL

From each investor's latest 13F filing (what a 13F shows). 4 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Cliff Asness
AQR Capital Management
Added $76M0.03%Q2 2026
Joel Greenblatt
Gotham Asset Management
Added $57M0.13%Q2 2026
John Rogers
Ariel Investments
Trimmed $28M0.28%Q2 2026
Murray Stahl
Horizon Kinetics LLC
Held $351,7500.00%Q2 2026

Insider buying

Open-market purchases by Aflac's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

DateInsiderSharesPriceValue
Mar 23, 2026 Ro Khanna
0$106.55—
Mar 23, 2026 Ro Khanna
0$106.55—

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Aflac insiders buying the stock?

2 open-market insider purchases of AFL in the last 12 months, from SEC Form 4 filings.

Which superinvestors own Aflac?

4 of the superinvestors Investingly tracks hold AFL in their latest 13F, including Cliff Asness, Joel Greenblatt, John Rogers.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.