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American Financial GroupAFG -2.56%80 EV-to-EBITDA is 9.23 as of Jul. 15, 2026, which is 7% above its 10-year median of 8.66. GuruFocus rates AFG with a GF Score™ of 80/100 and a GF Value™ of $126.18 (Fairly Valued). The stock has 4 warning signs investors should review. Among 347 Insurance companies, American Financial Group ranks worse than 58.5% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, American Financial Group's enterprise value is $11,895 Mil.
American Financial Group's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $1,288 Mil. Therefore, American Financial Group's EV-to-EBITDA for today is 9.23.
The historical rank and industry rank for American Financial Group's EV-to-EBITDA or its related term are showing as below:
AFG'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.99 Med: 8.66 Max: 37.95
Current: 9.23
During the past 13 years, the highest EV-to-EBITDA of American Financial Group was 37.95. The lowest was 3.99. And the median was 8.66.
AFG's EV-to-EBITDA is ranked worse than 58.5% of 347
companies
in the Insurance industry
Industry Median: 8.33
vs AFG: 9.23
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.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
American Financial Group (NYSE:AFG) 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.
American Financial Group's PE Ratio (TTM) for today is calculated as:
American Financial Group's share price for today is $137.54.
American Financial Group'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 $10.520.
* 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).
* 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 - Property & Casualty subindustry, American Financial Group'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.
American Financial Group EV-to-EBITDA vs Insurance Industry
For the Insurance industry and Financial Services sector, American Financial Group's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where American Financial Group's EV-to-EBITDA falls into.
American Financial Group's current Enterprise Value is $11,895 Mil.
American Financial Group'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 $1,288 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.
American Financial Group (AFG) has a EV-to-EBITDA of 9.23 as of Jul. 15, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on American Financial Group. This is near median its historical median of 8.66. Over the past decade, American Financial Group's EV-to-EBITDA has ranged from 3.99 to 37.95. According to the industry distribution chart, American Financial Group ranks #203 out of 347 companies in the Insurance industry, placing it in the top 58.5%.
Is American Financial Group's EV-to-EBITDA too high?
American Financial Group's current EV-to-EBITDA of 9.23 is near median its 10-year median of 8.66. Over the past 10 years, this metric has ranged from a low of 3.99 to a high of 37.95. The Insurance industry median EV-to-EBITDA is 8.33. American Financial Group's value of 9.23 is 10.8% above this industry median. Based on the distribution chart, American Financial Group ranks #203 out of 347 companies in the Insurance industry, which is below the industry midpoint. Overall, American Financial Group has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American Financial Group's EV-to-EBITDA compare to CNA and ORI?
According to the Insurance industry distribution chart, American Financial Group ranks #203 out of 347 companies for EV-to-EBITDA. This places American Financial Group in the lower half of its industry. The industry median EV-to-EBITDA is 8.33. American Financial Group's value of 9.23 is 10.8% above this benchmark. Historically, American Financial Group's own EV-to-EBITDA has ranged from 3.99 to 37.95 over the past decade. While the company's 10-year median is 8.66 vs. the industry median of 8.33, 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 EV-to-EBITDA for an Insurance company?
The median EV-to-EBITDA among Insurance companies is 8.33, based on 347 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. American Financial Group's current EV-to-EBITDA of 9.23 is 10.8% 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 American Financial Group. For the Insurance industry, the median EV-to-EBITDA is 8.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Financial Group's current EV-to-EBITDA is 9.23, which is near median its own 10-year median of 8.66. 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?
Based on GuruFocus' analysis, American Financial Group (AFG) is currently considered Fairly Valued. The stock's GF Value™ is $126.18, compared to a current price of $137.54 — trading 9% above its estimated fair value. The current EV-to-EBITDA is 9.23, which is near median its 10-year median of 8.66 and 10.8% above the Insurance industry median of 8.33. American Financial Group's overall GF Score™ is 80/100 with 4 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 American Financial Group (AFG), the current EV-to-EBITDA is 9.23 as of Jul. 15, 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 (AFG) Overvalued in 2026?
Based on GuruFocus' analysis, American Financial Group stock appears to be overvalued.
The current stock price of $137.54 is trading 9% above its estimated GF Value™ of $126.18.
GuruFocus considers American Financial Group to be Fairly Valued.
Key valuation signals for AFG:
EV-to-EBITDA: 9.23 (near median its 10-year median of 8.66)
GF Value™: $126.18 vs. price of $137.54 (9% above fair value)
Industry Position: 10.8% above the Insurance median (#203 of 347)
No single metric tells the full story. See the AFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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