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Aflac (NYSE:AFL) Cyclically Adjusted PS Ratio

: 2.36 (As of Today)
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As of today (2024-02-23), Aflac's current share price is $80.40. Aflac's Cyclically Adjusted Revenue per Share for the quarter that ended in Sep. 2023 was $34.13. Aflac's Cyclically Adjusted PS Ratio for today is 2.36.

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

AFL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.96   Med: 1.63   Max: 2.5
Current: 2.33

During the past years, Aflac's highest Cyclically Adjusted PS Ratio was 2.50. The lowest was 0.96. And the median was 1.63.

AFL's Cyclically Adjusted PS Ratio is ranked worse than
81.23% of 389 companies
in the Insurance industry
Industry Median: 0.96 vs AFL: 2.33

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.

Aflac's adjusted revenue per share data for the three months ended in Sep. 2023 was $8.388. 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 $34.13 for the trailing ten years ended in Sep. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Aflac Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Aflac'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.

* Premium members only.

Aflac Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.89 1.54 1.86 2.18 -

Aflac Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS 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 2.18 1.93 2.06 2.25 -

Competitive Comparison

For the Insurance - Life subindustry, Aflac'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.


Aflac Cyclically Adjusted PS Ratio Distribution

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

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



Aflac 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.

Aflac's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=80.40/34.13
=2.36

* 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 Revenue per Share for the quarter that ended in Sep. 2023 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Sep. 2023 (Change)*Current CPI (Sep. 2023)
=8.388/129.8595*129.8595
=8.388

Current CPI (Sep. 2023) = 129.8595.

Aflac Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201312 6.183 98.326 8.166
201403 6.156 99.695 8.019
201406 6.405 100.560 8.271
201409 6.276 100.428 8.115
201412 6.058 99.070 7.941
201503 5.941 99.621 7.744
201506 6.066 100.684 7.824
201509 5.857 100.392 7.576
201512 6.159 99.792 8.015
201603 6.454 100.470 8.342
201606 6.543 101.688 8.356
201609 6.932 101.861 8.837
201612 7.249 101.863 9.241
201703 6.548 102.862 8.267
201706 6.775 103.349 8.513
201709 6.906 104.136 8.612
201712 6.844 104.011 8.545
201803 6.950 105.290 8.572
201806 7.162 106.317 8.748
201809 7.204 106.507 8.784
201812 6.705 105.998 8.214
201903 7.462 107.251 9.035
201906 7.335 108.070 8.814
201909 7.420 108.329 8.895
201912 7.577 108.420 9.075
202003 7.040 108.902 8.395
202006 7.452 108.767 8.897
202009 7.883 109.815 9.322
202012 8.736 109.897 10.323
202103 8.372 111.754 9.728
202106 8.111 114.631 9.188
202109 7.833 115.734 8.789
202112 8.219 117.630 9.074
202203 7.889 121.301 8.446
202206 8.289 125.017 8.610
202209 7.455 125.227 7.731
202212 6.933 125.222 7.190
202303 7.864 127.348 8.019
202306 8.580 128.729 8.655
202309 8.388 129.860 8.388

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.


Aflac  (NYSE:AFL) 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.


Aflac Cyclically Adjusted PS Ratio Related Terms

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


Aflac (NYSE:AFL) Business Description

Industry
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