AflacAFL -0.07%69 EV-to-EBITDA is 12.10 as of Jul. 10, 2026, which is 43% above its 10-year median of 8.48. GuruFocus rates AFL with a GF Score™ of 69/100 and a GF Value™ of $108.55 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 348 Insurance companies, Aflac ranks worse than 72.13% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Aflac's enterprise value is $70,718 Mil.
Aflac's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $5,843 Mil. Therefore, Aflac's EV-to-EBITDA for today is 12.10.
The historical rank and industry rank for Aflac's EV-to-EBITDA or its related term are showing as below:
AFL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 4.58 Med: 8.48 Max: 18.24
Current: 12.1
During the past 13 years, the highest EV-to-EBITDA of Aflac was 18.24. The lowest was 4.58. And the median was 8.48.
AFL's EV-to-EBITDA is ranked worse than 72.13% of 348
companies
in the Insurance industry
Industry Median: 8.25
vs AFL: 12.10
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-07-10), Aflac's stock price is $121.91.
Aflac's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $8.810. Therefore, Aflac's PE Ratio (TTM) for today is 13.84.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Aflac (NYSE:AFL) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Aflac's share price for today is $121.91.
Aflac's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.810.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Aflac's EV-to-EBITDA 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.
For the Insurance - Life subindustry, Aflac's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Insurance Industry
For the Insurance industry and Financial Services sector, Aflac's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Aflac's EV-to-EBITDA falls into.
Aflac's current Enterprise Value is $70,718 Mil.
Aflac's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,843 Mil.
* 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 (AFL) has a EV-to-EBITDA of 12.10 as of Jul. 10, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Aflac. This is 43% above median its historical median of 8.48. Over the past decade, Aflac's EV-to-EBITDA has ranged from 4.58 to 18.24. According to the industry distribution chart, Aflac ranks #251 out of 348 companies in the Insurance industry, placing it in the top 72.1%.
Is Aflac's EV-to-EBITDA too high?
Aflac's current EV-to-EBITDA of 12.10 is 43% above median its 10-year median of 8.48. Over the past 10 years, this metric has ranged from a low of 4.58 to a high of 18.24. The Insurance industry median EV-to-EBITDA is 8.25. Aflac's value of 12.10 is 46.7% above this industry median. Based on the distribution chart, Aflac ranks #251 out of 348 companies in the Insurance industry, which is below the industry midpoint. Overall, Aflac has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aflac's EV-to-EBITDA compare to MET and PRU?
According to the Insurance industry distribution chart, Aflac ranks #251 out of 348 companies for EV-to-EBITDA. This places Aflac in the lower half of its industry. The industry median EV-to-EBITDA is 8.25. Aflac's value of 12.10 is 46.7% above this benchmark. Historically, Aflac's own EV-to-EBITDA has ranged from 4.58 to 18.24 over the past decade. While the company's 10-year median is 8.48 vs. the industry median of 8.25, Aflac 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 EV-to-EBITDA for an Insurance company?
The median EV-to-EBITDA among Insurance companies is 8.25, based on 348 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aflac's current EV-to-EBITDA of 12.10 is 46.7% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Aflac. For the Insurance industry, the median EV-to-EBITDA is 8.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aflac's current EV-to-EBITDA is 12.10, which is 43% above median its own 10-year median of 8.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aflac stock overvalued right now?
Based on GuruFocus' analysis, Aflac (AFL) is currently considered Modestly Overvalued. The stock's GF Value™ is $108.55, compared to a current price of $121.91 — trading 12.3% above its estimated fair value. The current EV-to-EBITDA is 12.10, which is 43% above median its 10-year median of 8.48 and 46.7% above the Insurance industry median of 8.25. Aflac's overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Aflac (AFL), the current EV-to-EBITDA is 12.10 as of Jul. 10, 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 Aflac (AFL) Overvalued in 2026?
Based on GuruFocus' analysis, Aflac stock appears to be overvalued.
The current stock price of $121.91 is trading 12.3% above its estimated GF Value™ of $108.55.
GuruFocus considers Aflac to be Modestly Overvalued.
Key valuation signals for AFL:
EV-to-EBITDA: 12.10 (43% above median its 10-year median of 8.48)
GF Value™: $108.55 vs. price of $121.91 (12.3% above fair value)
Industry Position: 46.7% above the Insurance median (#251 of 348)
No single metric tells the full story. See the AFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 maximum revenue, and Aflac U.S.
69GF Score
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