Aflac (NYSE:AFL) Net Current Asset Value

: $0.00 (As of Dec. 2022)

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In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Aflac's net current asset value per share for the quarter that ended in Dec. 2022 was $0.00.

The historical rank and industry rank for Aflac's Net Current Asset Value or its related term are showing as below:

Aflac Net Current Asset Value Historical Data

The historical data trend for Aflac's Net Current Asset Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Aflac Annual Data

Trend

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Dec22

Net Current Asset Value

Aflac Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Net Current Asset Value																-	-	-	-	-

Competitive Comparison

For the Insurance - Life subindustry, Aflac's Net Current Asset Value, along with its competitors' market caps and Net Current Asset Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Aflac Net Current Asset Value Distribution

For the Insurance industry and Financial Services sector, Aflac's Net Current Asset Value distribution charts can be found below:

* The bar in red indicates where Aflac's Net Current Asset Value falls in comparison to its industry or sector. The grey bar indicates the Net Current Asset Value's extreme value range as defined by GuruFocus.

Aflac Net Current Asset Value Calculation

Aflac's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Dec. 2022 is calculated as

	Net Current Asset Value Per Share		(A: Dec. 2022 )
=	(Total Current Assets	-	Total Liabilities	-	Minority Interest	-	Preferred Stock)	/	Shares Outstanding (EOP)
=	(N/A	-	108652	-	0	-	0)	/	615.256
=	N/A

Aflac's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2022 is calculated as

	Net Current Asset Value Per Share		(Q: Dec. 2022 )
=	(Total Current Assets	-	Total Liabilities	-	Minority Interest	-	Preferred Stock)	/	Shares Outstanding (EOP)
=	(N/A	-	108652	-	0	-	0)	/	615.256
=	N/A

Aflac (NYSE:AFL) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener. GuruFocus also publishes a monthly Net-Net newsletter.

Aflac Net Current Asset Value Related Terms

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Aflac (NYSE:AFL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aflac Inc (NYSE:AFL) » Definitions » Net Current Asset Value

Comparable Companies

Traded in Other Exchanges

AFL:Germany

Address

1932 Wynnton Road, Columbus, GA, USA, 31999

Website

https://www.aflac.com

Aflac Inc offers supplemental health insurance and life insurance in the two largest insurance markets in the world, the U.S. and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accidents, disability, and long-term-care insurance. It markets its products through independent distributors, selling most of its policies directly to consumers at their places of work.

Executives

Virgil Raynard Miller	officer: President, Aflac U.S.	1932 WYNNTON ROAD, COLUMBUS GA 31999
Bradley Eugene Dyslin	officer: Executive Vice President	1932 WYNNTON ROAD, COLUMBUS GA 31999
Arthur Reginald Collins	director	3911 LORCOM LANE, ARLINGTON VA 22207
Nobuchika Mori	director	1932 WYNNTON ROAD, COLUMBUS GA 31999
Georgette D. Kiser	director	1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505
Steven Kent Beaver	officer: SVP, CFO, Aflac US	1932 WYNNTON ROAD, COLUMBUS GA 31999
Richard Jr Williams	officer: Executive V.P.	1932 WYNNTON RD, COLUMBUS GA 31999
Albert Riggieri	officer: SVP, Corporate Actuary	1932 WYNNTON RD, COLUMBUS GA 31999
Katherine Rohrer	director	1932 WYNNTON RD, COLUMBUS GA 31999
Masatoshi Koide	officer: Deputy President, Aflac Japan	1932 WYNNTON RD, COLUMBUS GA 31999
Max Broden	officer: Senior Vice President	1932 WYNNTON RD, COLUMBUS GA 31999
Karole Lloyd	director	1932 WYNNTON ROAD, COLUMBUS GA 31999
Toshihiko Fukuzawa	director	1932 WYNNTON RD, COLUMBUS GA 31999
James Todd Daniels	officer: Sr. Vice President	1932 WYNNTON ROAD, COLUMBUS GA 31999
Frederick John Crawford	officer: EVP, Chief Financial Officer	AFLAC INCORPORATED, COLUMBUS GA 31999