American Financial GroupAFG -0.38%80 PE Ratio without NRI is 12.80 as of Jun. 25, 2026, which is 1% above its 10-year median of 12.73. GuruFocus rates AFG with a GF Score™ of 80/100 and a GF Value™ of $127.30 (Fairly Valued). The stock has 4 warning signs investors should review. Among 449 Insurance companies, American Financial Group ranks worse than 56.12% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-06-25), American Financial Group's share price is $137.70.
American Financial Group's EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 was $10.76. Therefore, American Financial Group's PE Ratio without NRI for today is 12.80.
During the past 13 years, American Financial Group's highest PE Ratio without NRI was 18.66. The lowest was 5.94. And the median was 12.73.
American Financial Group (NYSE:AFG) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
American Financial Group PE Ratio without NRI Related Terms
American Financial Group PE Ratio without NRI Historical Data
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The historical data trend for American Financial Group's PE Ratio without NRI 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.
American Financial Group PE Ratio without NRI Chart
AFG vs CNA, AIZ, ORI: PE Ratio without NRI Comparison
For the Insurance - Property & Casualty subindustry, American Financial Group's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Insurance Industry
For the Insurance industry and Financial Services sector, American Financial Group's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where American Financial Group's PE Ratio without NRI falls into.
American Financial Group PE Ratio without NRI Calculation
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.
American Financial Group's Share Price of today is $137.70.
American Financial Group's EPS without NRI 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 $10.76.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
American Financial Group (AFG) has a PE Ratio without NRI of 12.80 as of Jun. 25, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on American Financial Group and its competitors. This is near median its historical median of 12.73. Over the past decade, American Financial Group's PE Ratio without NRI has ranged from 5.94 to 18.66. According to the industry distribution chart, American Financial Group ranks #252 out of 449 companies in the Insurance industry, placing it in the top 56.1%.
Is American Financial Group's PE Ratio without NRI too high?
American Financial Group's current PE Ratio without NRI of 12.80 is near median its 10-year median of 12.73. Over the past 10 years, this metric has ranged from a low of 5.94 to a high of 18.66. The Insurance industry median PE Ratio without NRI is 11.78. American Financial Group's value of 12.80 is 8.7% above this industry median. Based on the distribution chart, American Financial Group ranks #252 out of 449 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 PE Ratio without NRI compare to CNA and AIZ?
According to the Insurance industry distribution chart, American Financial Group ranks #252 out of 449 companies for PE Ratio without NRI. This places American Financial Group in the lower half of its industry. The industry median PE Ratio without NRI is 11.78. American Financial Group's value of 12.80 is 8.7% above this benchmark. Historically, American Financial Group's own PE Ratio without NRI has ranged from 5.94 to 18.66 over the past decade. While the company's 10-year median is 12.73 vs. the industry median of 11.78, 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 PE Ratio without NRI for an Insurance company?
The median PE Ratio without NRI among Insurance companies is 11.78, based on 449 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. American Financial Group's current PE Ratio without NRI of 12.80 is 8.7% 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 PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on American Financial Group and its competitors. For the Insurance industry, the median PE Ratio without NRI is 11.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. American Financial Group's current PE Ratio without NRI is 12.80, which is near median its own 10-year median of 12.73. 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 $127.30, compared to a current price of $137.70 — trading 8.2% above its estimated fair value. The current PE Ratio without NRI is 12.80, which is near median its 10-year median of 12.73 and 8.7% above the Insurance industry median of 11.78. 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 PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For American Financial Group (AFG), the current PE Ratio without NRI is 12.80 as of Jun. 25, 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 $137.70 is trading 8.2% above its estimated GF Value™ of $127.30.
GuruFocus considers American Financial Group to be Fairly Valued.
Key valuation signals for AFG:
PE Ratio without NRI: 12.80 (near median its 10-year median of 12.73)
GF Value™: $127.30 vs. price of $137.70 (8.2% above fair value)
Industry Position: 8.7% above the Insurance median (#252 of 449)
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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