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AflacAFL +0.71%70 Price-to-Tangible-Book is 1.91 as of Sep. 12, 2026. GuruFocus rates AFL with a GF Score™ of 70/100 and a GF Value™ of $129.24 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 470 Insurance companies, Aflac ranks worse than 61.06% on this metric.
As of today (2026-09-12), Aflac's share price is $115.28. Aflac's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was $60.35. Hence, Aflac's Price to Tangible Book Ratio of today is 1.91.
The historical rank and industry rank for Aflac's Price-to-Tangible-Book or its related term are showing as below:
AFL'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.79 Med: 1.44 Max: 2.51
Current: 1.91
During the past 13 years, Aflac's highest Price to Tangible Book Ratio was 2.51. The lowest was 0.79. And the median was 1.44.
AFL's Price-to-Tangible-Book is ranked worse than 61.06% of 470
companies
in the Insurance industry
Industry Median: 1.515
vs AFL: 1.91
A closely related ratio is called PB Ratio. As of today, Aflac's share price is $115.28. Aflac's Book Value per Sharefor the quarter that ended in Jun. 2026 was $60.35. Hence, Aflac's P/B Ratio of today is 1.91.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Aflac Price-to-Tangible-Book Related Terms
Aflac Price-to-Tangible-Book Historical Data
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The historical data trend for Aflac's Price-to-Tangible-Book 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.
AFL vs MET, PRU, UNM: Price-to-Tangible-Book Comparison
For the Insurance - Life subindustry, Aflac's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Insurance Industry
For the Insurance industry and Financial Services sector, Aflac's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Aflac's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Aflac (AFL) has a Price-to-Tangible-Book of 1.91 as of Sep. 12, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Aflac and its competitors. According to the industry distribution chart, Aflac ranks #287 out of 470 companies in the Insurance industry, placing it in the top 61.1%.
Is Aflac's Price-to-Tangible-Book too high?
Aflac's current Price-to-Tangible-Book is 1.91. The Insurance industry median Price-to-Tangible-Book is 1.52. Aflac's value of 1.91 is 26.1% above this industry median. Based on the distribution chart, Aflac ranks #287 out of 470 companies in the Insurance industry, which is below the industry midpoint. Overall, Aflac has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aflac's Price-to-Tangible-Book compare to MET and PRU?
According to the Insurance industry distribution chart, Aflac ranks #287 out of 470 companies for Price-to-Tangible-Book. This places Aflac in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.52. Aflac's value of 1.91 is 26.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Insurance company?
The median Price-to-Tangible-Book among Insurance companies is 1.52, based on 470 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aflac's current Price-to-Tangible-Book of 1.91 is 26.1% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Aflac and its competitors. For the Insurance industry, the median Price-to-Tangible-Book is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aflac's current Price-to-Tangible-Book is 1.91. 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 Undervalued. The stock's GF Value™ is $129.24, compared to a current price of $115.28 — trading 10.8% below its estimated fair value. The current Price-to-Tangible-Book is 1.91 and 26.1% above the Insurance industry median of 1.52. Aflac's overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Aflac (AFL), the current Price-to-Tangible-Book is 1.91 as of Sep. 12, 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 undervalued.
The current stock price of $115.28 is trading 10.8% below its estimated GF Value™ of $129.24.
GuruFocus considers Aflac to be Modestly Undervalued.
Key valuation signals for AFL:
Price-to-Tangible-Book: 1.91
GF Value™: $129.24 vs. price of $115.28 (10.8% below fair value)
Industry Position: 26.1% above the Insurance median (#287 of 470)
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.
70GF Score
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