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Aflac (NYSE:AFL) Shiller PE Ratio

: 13.22 (As of Today)
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As of today (2024-02-21), Aflac's current share price is $78.78. Aflac's E10 for the quarter that ended in Sep. 2023 was $5.96. Aflac's Shiller PE Ratio for today is 13.22.

The historical rank and industry rank for Aflac's Shiller PE Ratio or its related term are showing as below:

AFL' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.32   Med: 13.49   Max: 16.38
Current: 13.22

During the past years, Aflac's highest Shiller PE Ratio was 16.38. The lowest was 7.32. And the median was 13.49.

AFL's Shiller PE Ratio is ranked worse than
52.72% of 349 companies
in the Insurance industry
Industry Median: 12.79 vs AFL: 13.22

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Aflac's adjusted earnings per share data for the three months ended in Sep. 2023 was $2.640. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $5.96 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aflac Shiller PE Ratio Historical Data

The historical data trend for Aflac's Shiller PE Ratio 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.

* Premium members only.

Aflac Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.48 10.90 12.25 13.38 -

Aflac Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.38 11.65 12.15 12.87 -

Competitive Comparison

For the Insurance - Life subindustry, Aflac's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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.


Aflac Shiller PE Ratio Distribution

For the Insurance industry and Financial Services sector, Aflac's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Aflac's Shiller PE Ratio falls into.



Aflac Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Aflac's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=78.78/5.96
=13.22

* 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.

Aflac's E10 for the quarter that ended in Sep. 2023 is calculated as:

For example, Aflac's adjusted earnings per share data for the three months ended in Sep. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=2.64/129.8595*129.8595
=2.640

Current CPI (Sep. 2023) = 129.8595.

Aflac Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201312 0.725 98.326 0.958
201403 0.800 99.695 1.042
201406 0.890 100.560 1.149
201409 0.780 100.428 1.009
201412 0.785 99.070 1.029
201503 0.755 99.621 0.984
201506 0.660 100.684 0.851
201509 0.660 100.392 0.854
201512 0.855 99.792 1.113
201603 0.870 100.470 1.124
201606 0.660 101.688 0.843
201609 0.765 101.861 0.975
201612 0.915 101.863 1.166
201703 0.730 102.862 0.922
201706 0.890 103.349 1.118
201709 0.900 104.136 1.122
201712 2.975 104.011 3.714
201803 0.910 105.290 1.122
201806 1.070 106.317 1.307
201809 1.090 106.507 1.329
201812 0.690 105.998 0.845
201903 1.230 107.251 1.489
201906 1.090 108.070 1.310
201909 1.040 108.329 1.247
201912 1.060 108.420 1.270
202003 0.780 108.902 0.930
202006 1.120 108.767 1.337
202009 3.440 109.815 4.068
202012 1.360 109.897 1.607
202103 1.870 111.754 2.173
202106 1.620 114.631 1.835
202109 1.320 115.734 1.481
202112 1.570 117.630 1.733
202203 1.600 121.301 1.713
202206 2.170 125.017 2.254
202209 2.820 125.227 2.924
202212 0.310 125.222 0.321
202303 1.940 127.348 1.978
202306 2.710 128.729 2.734
202309 2.640 129.860 2.640

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Aflac  (NYSE:AFL) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Aflac Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Aflac's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Aflac (NYSE:AFL) Business Description

Traded in Other Exchanges
Address
1932 Wynnton Road, Columbus, GA, USA, 31999
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 accident, 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
Steven Kent Beaver officer: SVP, CFO, Aflac US 1932 WYNNTON ROAD, COLUMBUS GA 31999
Masatoshi Koide officer: Deputy President, Aflac Japan 1932 WYNNTON RD, COLUMBUS GA 31999
June P Howard officer: Sr. Vice President 1932 WYNNTON RD, COLUMBUS GA 31999
Lake Charles D Ii officer: President AFLAC Japan AFLAC INC, 1932 WYNNTON RD, COLUMBUS GA 31999
Frederick John Crawford officer: EVP, Chief Financial Officer AFLAC INCORPORATED, COLUMBUS GA 31999
William P Bowers director 600 NORTH 18TH STREET, BIN 15N-8170, BIRMINGHAM AL 35203
Joseph L Moskowitz director 1932 WYNNTON ROAD, COLUMBUS GA 31999
Simard Frederic Jean Guy officer: SVP, CFO, Aflac U.S. 1932 WYNNTON ROAD, COLUMBUS GA 31999
James Todd Daniels officer: Sr. Vice President 1932 WYNNTON ROAD, COLUMBUS GA 31999
Albert Riggieri officer: SVP, Corporate Actuary 1932 WYNNTON RD, COLUMBUS GA 31999
Virgil Raynard Miller officer: President, Aflac U.S. 1932 WYNNTON ROAD, COLUMBUS GA 31999
Barbara K Rimer director 1932 WYNNTON ROAD, COLUMBUS GA 31999
Miwako Hosoda director 1932 WYNNTON ROAD, COLUMBUS GA 31999
Bradley Eugene Dyslin officer: Executive Vice President 1932 WYNNTON ROAD, COLUMBUS GA 31999
Audrey B Tillman officer: Executive Vice President 1932 WYNNTON RD, COLUMBUS GA 31999