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AflacAFL +1.38%69 Equity-to-Asset is 0.26 as of Mar. 2026, which is 37% above its 10-year median of 0.19. GuruFocus rates AFL with a GF Score™ of 69/100 and a GF Value™ of $108.71 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 505 Insurance companies, Aflac ranks better than 50.5% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Aflac's Total Stockholders Equity for the quarter that ended in Mar. 2026 was $29,961 Mil. Aflac's Total Assets for the quarter that ended in Mar. 2026 was $116,280 Mil.
Therefore, Aflac's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.26.
The historical rank and industry rank for Aflac's Equity-to-Asset or its related term are showing as below:
AFL'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.15 Med: 0.19 Max: 0.26
Current: 0.26
During the past 13 years, the highest Equity to Asset Ratio of Aflac was 0.26. The lowest was 0.15. And the median was 0.19.
AFL's Equity-to-Asset is ranked better than 50.5% of 505
companies
in the Insurance industry
Industry Median: 0.26
vs AFL: 0.26
Aflac (NYSE:AFL) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Aflac Equity-to-Asset Related Terms
Aflac Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Aflac's Equity-to-Asset 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 Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Aflac's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Aflac's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Aflac's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Equity-to-Asset of 0.26 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Aflac and its competitors. This is 37% above median its historical median of 0.19. Over the past decade, Aflac's Equity-to-Asset has ranged from 0.15 to 0.26. According to the industry distribution chart, Aflac ranks #250 out of 505 companies in the Insurance industry, placing it in the top 49.5%.
Is Aflac's Equity-to-Asset too high?
Aflac's current Equity-to-Asset of 0.26 is 37% above median its 10-year median of 0.19. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.26. The Insurance industry median Equity-to-Asset is 0.26. Aflac's value of 0.26 is 0% at this industry median. Based on the distribution chart, Aflac ranks #250 out of 505 companies in the Insurance industry, which is above 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 Equity-to-Asset compare to MET and PRU?
According to the Insurance industry distribution chart, Aflac ranks #250 out of 505 companies for Equity-to-Asset. This puts Aflac in the upper half of its industry. The industry median Equity-to-Asset is 0.26. Aflac's value of 0.26 is 0% at this benchmark. Historically, Aflac's own Equity-to-Asset has ranged from 0.15 to 0.26 over the past decade. While the company's 10-year median is 0.19 vs. the industry median of 0.26, Aflac has consistently been at 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 Equity-to-Asset for an Insurance company?
The median Equity-to-Asset among Insurance companies is 0.26, based on 505 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aflac's current Equity-to-Asset of 0.26 is 0% at 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Aflac and its competitors. For the Insurance industry, the median Equity-to-Asset is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aflac's current Equity-to-Asset is 0.26, which is 37% above median its own 10-year median of 0.19. 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 $108.71, compared to a current price of $124.72 — trading 14.7% above its estimated fair value. The current Equity-to-Asset is 0.26, which is 37% above median its 10-year median of 0.19 and 0% at the Insurance industry median of 0.26. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Aflac (AFL), the current Equity-to-Asset is 0.26 as of Mar. 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 $124.72 is trading 14.7% above its estimated GF Value™ of $108.71.
GuruFocus considers Aflac to be Modestly Overvalued.
Key valuation signals for AFL:
Equity-to-Asset: 0.26 (37% above median its 10-year median of 0.19)
GF Value™: $108.71 vs. price of $124.72 (14.7% above fair value)
Industry Position: 0% at the Insurance median (#250 of 505)
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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