Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
American Financial GroupAFG +1.84%81 Equity-to-Asset is 0.15 as of Mar. 2026, which is 36% above its 10-year median of 0.11. GuruFocus rates AFG with a GF Score™ of 81/100 and a GF Value™ of $125.49 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 508 Insurance companies, American Financial Group ranks worse than 72.64% on this metric.
The historical rank and industry rank for American Financial Group's Equity-to-Asset or its related term are showing as below:
AFG'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.08 Med: 0.11 Max: 0.2
Current: 0.15
During the past 13 years, the highest Equity to Asset Ratio of American Financial Group was 0.20. The lowest was 0.08. And the median was 0.11.
AFG's Equity-to-Asset is ranked worse than 72.64% of 508
companies
in the Insurance industry
Industry Median: 0.26
vs AFG: 0.15
American Financial Group (NYSE:AFG) 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%.
American Financial Group Equity-to-Asset Related Terms
American Financial Group Equity-to-Asset Historical Data
* 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 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.
American Financial Group Equity-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, American Financial Group's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where American Financial Group's Equity-to-Asset falls into.
American Financial Group Equity-to-Asset Calculation
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.
American Financial Group'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.
American Financial Group (AFG) has a Equity-to-Asset of 0.15 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on American Financial Group and its competitors. This is 36% above median its historical median of 0.11. Over the past decade, American Financial Group's Equity-to-Asset has ranged from 0.08 to 0.20. According to the industry distribution chart, American Financial Group ranks #369 out of 508 companies in the Insurance industry, placing it in the top 72.6%.
Is American Financial Group's Equity-to-Asset too high?
American Financial Group's current Equity-to-Asset of 0.15 is 36% above median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 0.20. The Insurance industry median Equity-to-Asset is 0.26. American Financial Group's value of 0.15 is 42.3% below this industry median. Based on the distribution chart, American Financial Group ranks #369 out of 508 companies in the Insurance industry, which is below the industry midpoint. Overall, American Financial Group has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does American Financial Group's Equity-to-Asset compare to CNA and ORI?
According to the Insurance industry distribution chart, American Financial Group ranks #369 out of 508 companies for Equity-to-Asset. This places American Financial Group in the lower half of its industry. The industry median Equity-to-Asset is 0.26. American Financial Group's value of 0.15 is 42.3% below this benchmark. Historically, American Financial Group's own Equity-to-Asset has ranged from 0.08 to 0.20 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.26, American Financial Group has consistently been below 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 508 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. American Financial Group's current Equity-to-Asset of 0.15 is 42.3% below 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 American Financial Group 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. American Financial Group's current Equity-to-Asset is 0.15, which is 36% above median its own 10-year median of 0.11. 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 Modestly Overvalued. The stock's GF Value™ is $125.49, compared to a current price of $143.76 — trading 14.6% above its estimated fair value. The current Equity-to-Asset is 0.15, which is 36% above median its 10-year median of 0.11 and 42.3% below the Insurance industry median of 0.26. American Financial Group's overall GF Score™ is 81/100 with 4 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 American Financial Group (AFG), the current Equity-to-Asset is 0.15 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 American Financial Group (AFG) Overvalued in 2026?
Based on GuruFocus' analysis, American Financial Group stock appears to be overvalued.
The current stock price of $143.76 is trading 14.6% above its estimated GF Value™ of $125.49.
GuruFocus considers American Financial Group to be Modestly Overvalued.
Key valuation signals for AFG:
Equity-to-Asset: 0.15 (36% above median its 10-year median of 0.11)
GF Value™: $125.49 vs. price of $143.76 (14.6% above fair value)
Industry Position: 42.3% below the Insurance median (#369 of 508)
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.
81GF Score
Get the complete analysis for AFG
Equity-to-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
AFG has been successfully added to your 
