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Aflac (AFL) Cyclically Adjusted Price-to-FCF : 12.43 (As of Jul. 05, 2025)


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What is Aflac Cyclically Adjusted Price-to-FCF?

As of today (2025-07-05), Aflac's current share price is $104.57. Aflac's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $8.41. Aflac's Cyclically Adjusted Price-to-FCF for today is 12.43.

The historical rank and industry rank for Aflac's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

AFL' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 2.69   Med: 5.14   Max: 13.34
Current: 12.43

During the past years, Aflac's highest Cyclically Adjusted Price-to-FCF was 13.34. The lowest was 2.69. And the median was 5.14.

AFL's Cyclically Adjusted Price-to-FCF is ranked better than
52.48% of 322 companies
in the Insurance industry
Industry Median: 12.63 vs AFL: 12.43

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Aflac's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $1.077. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $8.41 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aflac Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Aflac's Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF Chart

Aflac Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.43 5.79 7.75 9.54 12.29

Aflac Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF 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 9.85 10.39 12.93 12.29 13.22

Competitive Comparison of Aflac's Cyclically Adjusted Price-to-FCF

For the Insurance - Life subindustry, Aflac's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Aflac's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Aflac's Cyclically Adjusted Price-to-FCF falls into.


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Aflac Cyclically Adjusted Price-to-FCF Calculation

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

Aflac's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=104.57/8.41
=12.43

* 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 Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Aflac's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.077/134.9266*134.9266
=1.077

Current CPI (Mar. 2025) = 134.9266.

Aflac Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.892 100.684 2.535
201509 1.933 100.392 2.598
201512 2.346 99.792 3.172
201603 1.581 100.470 2.123
201606 1.838 101.688 2.439
201609 1.540 101.861 2.040
201612 2.280 101.863 3.020
201703 2.174 102.862 2.852
201706 1.763 103.349 2.302
201709 1.801 104.136 2.334
201712 1.939 104.011 2.515
201803 1.579 105.290 2.023
201806 2.017 106.317 2.560
201809 2.399 106.507 3.039
201812 1.771 105.998 2.254
201903 2.043 107.251 2.570
201906 1.086 108.070 1.356
201909 2.562 108.329 3.191
201912 1.617 108.420 2.012
202003 1.944 108.902 2.409
202006 1.649 108.767 2.046
202009 2.802 109.815 3.443
202012 1.928 109.897 2.367
202103 1.974 111.754 2.383
202106 1.413 114.631 1.663
202109 2.758 115.734 3.215
202112 1.313 117.630 1.506
202203 1.930 121.301 2.147
202206 0.793 125.017 0.856
202209 1.703 125.227 1.835
202212 1.659 125.222 1.788
202303 1.450 127.348 1.536
202306 0.733 128.729 0.768
202309 2.150 129.860 2.234
202312 0.995 129.419 1.037
202403 1.470 131.776 1.505
202406 0.450 132.554 0.458
202409 2.266 133.029 2.298
202412 0.600 133.157 0.608
202503 1.077 134.927 1.077

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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.


Aflac  (NYSE:AFL) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Aflac Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Aflac's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Aflac Business Description

Industry
Address
1932 Wynnton Road, Columbus, GA, USA, 31999
Aflac Inc offers supplemental health insurance and life insurance in the United States and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accident, dental and vision, disability, and long-term-care insurance. It markets its products through independent distributors, selling the majority of its policies directly to consumers at their places of work, and also reaches out to its customers outside of their worksite through digital mediums. The company has two reportable business segments; Aflac Japan which generates the majority of the revenue, and Aflac U.S.
Executives
Masatoshi Koide officer: Deputy President, Aflac Japan 1932 WYNNTON RD, COLUMBUS GA 31999
Arthur Reginald Collins director 3911 LORCOM LANE, ARLINGTON VA 22207
Thomas J Kenny director FRANKLIN RESOURCES INC, 901 MARINERS ISLAND BLVD 6TH FLOOR, SAN MATEO CA 94404
Joseph L Moskowitz director 1932 WYNNTON ROAD, COLUMBUS GA 31999
Lake Charles D Ii officer: President AFLAC Japan AFLAC INC, 1932 WYNNTON RD, COLUMBUS GA 31999
Audrey B Tillman officer: Executive Vice President 1932 WYNNTON RD, COLUMBUS GA 31999
Albert Riggieri officer: SVP, Corporate Actuary 1932 WYNNTON RD, COLUMBUS GA 31999
Karole Lloyd director 1932 WYNNTON ROAD, COLUMBUS GA 31999
William P Bowers director 600 NORTH 18TH STREET, BIN 15N-8170, BIRMINGHAM AL 35203
Barbara K Rimer director 1932 WYNNTON ROAD, COLUMBUS GA 31999
Steven Kent Beaver officer: SVP, CFO, Aflac US 1932 WYNNTON ROAD, COLUMBUS GA 31999
June P Howard officer: Sr. Vice President 1932 WYNNTON RD, COLUMBUS GA 31999
Frederick John Crawford officer: EVP, Chief Financial Officer AFLAC INCORPORATED, 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