American Financial Group (FRA:QFI) Cyclically Adjusted PS Ratio: 1.49 (As of Aug. 14, 2026) — Near Median

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FRA:QFI American Financial Group Inc FRA:QFI
81 GF Score
Price €124.50
GF Value €116.67
! 4 Warning Signs
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What is American Financial Group Cyclically Adjusted PS Ratio?

American Financial Group FRA:QFI +0.48% 81 Cyclically Adjusted PS Ratio is 1.49 as of Aug. 14, 2026, which is 3% below its 10-year median of 1.54. GuruFocus rates FRA:QFI with a GF Score™ of 81/100 and a GF Value™ of €116.67. The stock has 4 warning signs investors should review. Among 415 Insurance companies, American Financial Group ranks worse than 61.2% on this metric.

As of today (2026-08-14), American Financial Group's current share price is €124.50. American Financial Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €83.62. American Financial Group's Cyclically Adjusted PS Ratio for today is 1.49.

The historical rank and industry rank for American Financial Group's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:QFI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.77   Med: 1.54   Max: 1.99
Current: 1.52

During the past years, American Financial Group's highest Cyclically Adjusted PS Ratio was 1.99. The lowest was 0.77. And the median was 1.54.

FRA:QFI's Cyclically Adjusted PS Ratio is ranked worse than
61.2% of 415 companies
in the Insurance industry
Industry Median: 1.22 vs FRA:QFI: 1.52

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

American Financial Group's adjusted revenue per share data for the three months ended in Jun. 2026 was €20.832. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €83.62 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


American Financial Group  (FRA:QFI) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


American Financial Group Cyclically Adjusted PS Ratio Related Terms


American Financial Group Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for American Financial Group's Cyclically Adjusted PS 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.

American Financial Group Cyclically Adjusted PS Ratio Chart

American Financial Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.81 1.67 1.37 1.51 1.46

American Financial Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial 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 1.36 1.56 1.46 1.34 1.46

FRA:QFI vs ORI, AIZ, CNA: Cyclically Adjusted PS Ratio Comparison

For the Insurance - Property & Casualty subindustry, American Financial Group's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


American Financial Group Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, American Financial Group's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where American Financial Group's Cyclically Adjusted PS Ratio falls into.


FRA:QFI
81GF Score
American Financial Group Inc FRA:QFI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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American Financial Group Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

American Financial Group's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=124.50/83.62
=1.49

* 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.

American Financial Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, American Financial Group's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=20.832/333.9520*333.9520
=20.832

Current CPI (Jun. 2026) = 333.9520.

American Financial Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 17.166 241.428 23.745
201612 18.544 241.432 25.650
201703 16.501 243.801 22.603
201706 16.313 244.955 22.240
201709 17.106 246.819 23.145
201712 16.956 246.524 22.969
201803 14.524 249.554 19.436
201806 17.299 251.989 22.926
201809 18.973 252.439 25.099
201812 14.834 251.233 19.718
201903 19.749 254.202 25.945
201906 19.062 256.143 24.852
201909 21.160 256.759 27.522
201912 0.089 256.974 0.116
202003 10.573 258.115 13.679
202006 14.317 257.797 18.546
202009 14.927 260.280 19.152
202012 15.232 260.474 19.529
202103 13.880 264.877 17.500
202106 14.157 271.696 17.401
202109 16.771 274.310 20.417
202112 17.273 278.802 20.690
202203 15.506 287.504 18.011
202206 16.225 296.311 18.286
202209 23.027 296.808 25.909
202212 21.115 296.797 23.758
202303 18.407 301.836 20.366
202306 19.630 305.109 21.486
202309 23.751 307.789 25.770
202312 22.799 306.746 24.821
202403 20.651 312.332 22.080
202406 20.883 314.175 22.198
202409 25.376 315.301 26.877
202412 24.363 315.605 25.779
202503 20.343 319.799 21.243
202506 20.040 322.561 20.748
202509 23.537 324.800 24.200
202512 20.950 324.054 21.590
202603 19.065 330.213 19.281
202606 20.832 333.952 20.832

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

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.

What does a Cyclically Adjusted PS Ratio of 1.49 mean?
American Financial Group (FRA:QFI) has a Cyclically Adjusted PS Ratio of 1.49 as of Aug. 14, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on American Financial Group and its competitors. This is near median its historical median of 1.54. Over the past decade, American Financial Group's Cyclically Adjusted PS Ratio has ranged from 0.77 to 1.99. According to the industry distribution chart, American Financial Group ranks #254 out of 415 companies in the Insurance industry, placing it in the top 61.2%.
Is American Financial Group's Cyclically Adjusted PS Ratio too high?
American Financial Group's current Cyclically Adjusted PS Ratio of 1.49 is near median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 1.99. The Insurance industry median Cyclically Adjusted PS Ratio is 1.22. American Financial Group's value of 1.49 is 22.1% above this industry median. Based on the distribution chart, American Financial Group ranks #254 out of 415 companies in the Insurance industry, which is below the industry midpoint. Overall, American Financial Group has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does American Financial Group's Cyclically Adjusted PS Ratio compare to ORI and AIZ?
According to the Insurance industry distribution chart, American Financial Group ranks #254 out of 415 companies for Cyclically Adjusted PS Ratio. This places American Financial Group in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.22. American Financial Group's value of 1.49 is 22.1% above this benchmark. Historically, American Financial Group's own Cyclically Adjusted PS Ratio has ranged from 0.77 to 1.99 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 1.22, American Financial Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Insurance company?
The median Cyclically Adjusted PS Ratio among Insurance companies is 1.22, based on 415 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Financial Group's current Cyclically Adjusted PS Ratio of 1.49 is 22.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on American Financial Group and its competitors. For the Insurance industry, the median Cyclically Adjusted PS Ratio is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Financial Group's current Cyclically Adjusted PS Ratio is 1.49, which is near median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Financial Group stock overvalued right now?
American Financial Group (FRA:QFI) has a current Cyclically Adjusted PS Ratio of 1.49. The stock's GF Value™ is €116.67, compared to a current price of €124.50 — trading 6.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.49, which is near median its 10-year median of 1.54 and 22.1% above the Insurance industry median of 1.22. American Financial Group's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For American Financial Group (FRA:QFI), the current Cyclically Adjusted PS Ratio is 1.49 as of Aug. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is American Financial Group (FRA:QFI) Overvalued in 2026?

Based on GuruFocus' analysis, American Financial Group stock appears to be overvalued. The current stock price of €124.50 is trading 6.7% above its estimated GF Value™ of €116.67.

Key valuation signals for FRA:QFI:

  • Cyclically Adjusted PS Ratio: 1.49 (near median its 10-year median of 1.54)
  • GF Value™: €116.67 vs. price of €124.50 (6.7% above fair value)
  • GF Score™: 81/100 with 4 warning signs
  • Industry Position: 22.1% above the Insurance median (#254 of 415)

No single metric tells the full story. See the FRA:QFI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


American Financial Group Business Description

Other Exchanges AFG:USAQFI:Germany
Address 301 East Fourth Street, Cincinnati, OH, USA, 45202
American Financial Group Inc is an insurance holding company. Through its subsidiaries, it is engaged in the property and casualty insurance business, focusing on specialized commercial products for businesses. The group operates through two segments: Property and Casualty Insurance, which generates maximum revenue, and Other. The Property and Casualty Insurance segment is further divided into different sub-segments, such as Property and transportation, Specialty casualty, and Specialty financial. These sub-segments offer insurance coverage for vehicles and commercial property, customized programs for small to mid-sized businesses, workers' compensation insurance, risk management insurance programs for lending and leasing institutions, trade credit insurance, and other insurance products.
81GF Score

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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€124.50
Price
€116.67
GF Value