Aflac Incorporated (AFL) Financial Ratios

For fiscal 2025 (fiscal year ended Dec 31, 2025), Aflac Incorporated had a P/E ratio of 15.85 (up from 10.56), return on equity of 13.1% (down from 22.6%), debt-to-equity of 0.43 (up from 0.38) and a current ratio of 1.07 (down from 1.84). A current ratio of 1.07 means current assets exceed current liabilities. Its dividend yield was 2.08% with a payout ratio of 32.9%.

Aflac Incorporated Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

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Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Valuation Ratios
P/E Ratio	15.85	10.56	10.35	10.13	9.13	6.54
Forward P/E	15.16	14.88	13.26	13.51	11.06	9.45
P/S Ratio	3.37	3.04	2.58	2.34	1.79	1.41
P/B Ratio	1.96	2.20	2.19	2.22	1.16	0.93
Price/Tangible Book	1.98	2.22	2.22	2.25	1.17	0.94
Price/OCF	22.62	21.23	15.11	11.53	7.65	5.24
PEG Ratio	3.30	1.90	1.65	1.09	1.09	5.43
Enterprise Value Ratios
EV/Revenue	3.81	3.40	2.94	2.66	2.01	1.58
EV/EBITDA	13.65	9.66	9.99	9.89	7.89	7.88
EV/EBIT	13.75	9.72	10.06	9.98	7.96	7.95
Profitability & Returns
Return on Equity (ROE)	13.12%	22.64%	22.12%	16.55%	12.67%	15.29%
Return on Assets (ROA)	2.54%	3.38%	2.64%	2.20%	2.11%	1.73%
Return on Invested Capital (ROIC)	9.80%	16.69%	15.78%	12.60%	10.31%	6.89%
Leverage & Solvency Ratios
Debt/Equity	0.43	0.38	0.42	0.49	0.31	0.26
Debt/EBITDA	2.61	1.47	1.67	1.89	1.83	1.97
Liquidity Ratios
Current Ratio	1.07	1.84	1.54	1.35	0.65	0.62
Quick Ratio	0.95	1.63	1.29	0.98	0.48	0.46
Efficiency Ratios
Asset Turnover	0.15	0.15	0.14	0.13	0.13	0.14
Yield & Distribution Ratios
Earnings Yield	6.31%	9.47%	9.66%	9.88%	10.95%	15.30%
Dividend Yield	2.08%	1.91%	2.02%	2.20%	2.23%	2.83%
Payout Ratio	32.86%	19.97%	20.73%	22.16%	20.21%	16.10%
Buyback Yield	5.33%	5.63%	6.10%	5.77%	5.51%	4.05%
Total Return	7.42%	7.55%	8.12%	7.98%	7.74%	6.88%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Aflac Incorporated Financial Ratios

What is Aflac Incorporated's P/E ratio?

Aflac Incorporated's P/E ratio was 15.85 for fiscal 2025 (period ended Dec 31, 2025). It was 10.56 a year earlier.

What is Aflac Incorporated's return on equity?

Aflac Incorporated's return on equity (ROE) was 13.1% for fiscal 2025 (period ended Dec 31, 2025). It was 22.6% a year earlier.

What is Aflac Incorporated's debt-to-equity ratio?

Aflac Incorporated's debt-to-equity ratio was 0.43 for fiscal 2025 (period ended Dec 31, 2025). It was 0.38 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition