US · USD

AFG

American Financial Group, Inc.

$140.53+0.86% ($1.19)Updated 10/6/26, 1:11 PM

Day's range: $139.07 – $141.24
Day's volume: $5.3M
52-week range: $122.57 – $146.73

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AFG in numbers

Market cap: $11.7B

P/E: 12.23

P/B: 2.42

Dividend yield (12m): 5.00%

Net debt/EBITDA: 0.30

The 12-month dividend yield of AFG is 5.00%, below its 5-year average of 9.98%.

AFG price history

10/06/202510/06/2026

Compare with

AFG risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+5.29%	+43.93%	+48.02%
Volatility (annualized)	13.14%	19.21%	20.31%
Largest drawdown	-5.55%	-13.49%	-19.68%
Positive months	7/12	22/36	32/60

How much did investing in AFG return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $1,480.24 today.

Value today in AFG: $1,480.24

Return over the period: +48.02%

Return per year: +8.28%

In the S&P 500: $1,716.39

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

AFG fundamentals

Valuation

P/E
12.23
P/B
2.42
EV/EBITDA
9.32
EV/EBIT
10.03
EV/Revenue
1.46
P/EBIT
9.71
P/S
1.41
P/OCF
7.45
P/FCF
—
Earnings yield
9.97%
PEG ratio
—
Earnings per share
$11.49
Book value per share
$58.14

Debt

Net debt
$383M
Net debt/EBITDA
0.30
Net debt/Equity
0.08
Debt/Equity
0.38
Current ratio
—
Quick ratio
—
Cash ratio
—

Efficiency

Gross margin
—
EBITDA margin
15.62%
Operating margin
14.52%
Net margin
11.51%
Asset turnover
0.25

Profitability

ROE
19.77%
ROA
2.88%
ROIC
15.24%
Payout
61.08%

Growth

Revenue CAGR (5 years)
2.78%
Earnings CAGR (5 years)
-15.99%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is AFG's fair price?

Two classic value formulas, with today's numbers. The current price is $140.53.

Graham's fair price: $122.61; 12.75% below the price

√(22.50 × $11.49 × $58.14)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $223.93; 59.35% above the price

$13.44 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

AFG's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	13.52	12.96	11.67	13.02	5.85	10.34	11.04	15.26
P/B	2.36	2.57	2.34	2.89	2.33	1.12	1.58	1.63
EV/EBITDA	9.90	9.60	8.86	10.07	7.55	12.33	10.15	9.27
Dividend yield	5.33%	6.89%	6.81%	10.42%	20.43%	4.39%	4.51%	4.92%
Earnings per share	$10.11	$10.56	$10.18	$10.54	$23.49	$8.47	$9.93	$5.93
Book value per share	$57.86	$53.18	$50.90	$47.56	$59.01	$78.58	$69.39	$55.65
ROE	17.47%	19.86%	20.01%	22.16%	39.80%	10.78%	14.31%	10.66%
ROIC	14.41%	16.36%	15.71%	15.85%	18.19%	4.64%	10.17%	10.87%
EBITDA margin	14.18%	14.48%	14.71%	17.37%	23.23%	11.06%	14.37%	11.87%
Net margin	10.30%	10.66%	10.89%	12.76%	30.45%	12.69%	14.44%	7.41%
Net debt/EBITDA	0.08	0.06	0.22	0.51	-0.11	0.47	-0.94	-0.25

AFG's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$8.2B	$8.3B	$7.8B	$7B	$6.6B	$5.8B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	$1.2B	$1.2B	$1.2B	$1.2B	$1.5B	$638M
EBIT	$1.1B	$1.1B	$1.1B	$1.1B	$1.3B	$339M
Financial result	—	—	—	—	—	—
Income before tax	—	—	—	—	—	$848M
Income tax	-$231M	-$237M	-$221M	-$225M	-$254M	-$25M
Net income	$842M	$887M	$852M	$898M	$2B	$732M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does AFG pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	10/14/2026	10/23/2026	$0.97

Dividend yield per year

4.41%2017
4.92%2018
4.51%2019
4.39%2020
20.43%2021
10.42%2022
6.81%2023
6.89%2024
5.33%2025
2.94%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	07/14/2026	07/24/2026	$0.88
Dividend	04/14/2026	04/24/2026	$0.88
Dividend	02/12/2026	02/25/2026	$1.50
Dividend	01/14/2026	01/27/2026	$0.88
Dividend	11/14/2025	11/26/2025	$2.00
Dividend	10/14/2025	10/24/2025	$0.88
Dividend	07/14/2025	07/25/2025	$0.80
Dividend	04/14/2025	04/25/2025	$0.80
Dividend	03/14/2025	03/28/2025	$2.00
Dividend	01/13/2025	01/24/2025	$0.80
Dividend	11/14/2024	11/26/2024	$4.00
Dividend	10/14/2024	10/25/2024	$0.80

See all 63 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	07/12/2024	07/25/2024	$0.71
Dividend	04/11/2024	04/25/2024	$0.71
Dividend	02/14/2024	02/28/2024	$2.50
Dividend	01/10/2024	01/25/2024	$0.71
Dividend	11/09/2023	11/22/2023	$1.50
Dividend	10/11/2023	10/25/2023	$0.71
Dividend	07/12/2023	07/25/2023	$0.63
Dividend	04/12/2023	04/25/2023	$0.63
Dividend	02/13/2023	02/28/2023	$4.00
Dividend	01/11/2023	01/25/2023	$0.63
Dividend	11/11/2022	11/22/2022	$2.00
Dividend	10/12/2022	10/25/2022	$0.63
Dividend	07/13/2022	07/25/2022	$0.56
Dividend	05/18/2022	05/27/2022	$8.00
Dividend	04/12/2022	04/25/2022	$0.56
Dividend	03/11/2022	03/22/2022	$2.00
Dividend	01/12/2022	01/25/2022	$0.56
Dividend	12/21/2021	12/30/2021	$2.00
Dividend	11/11/2021	11/22/2021	$4.00
Dividend	10/13/2021	10/25/2021	$0.56
Dividend	09/24/2021	10/05/2021	$4.00
Dividend	07/22/2021	08/02/2021	$2.00
Dividend	07/13/2021	07/26/2021	$0.50
Dividend	06/04/2021	06/15/2021	$14.00
Dividend	04/13/2021	04/26/2021	$0.50
Dividend	01/13/2021	01/25/2021	$0.50
Dividend	12/17/2020	12/29/2020	$2.00
Dividend	10/13/2020	10/26/2020	$0.50
Dividend	07/13/2020	07/27/2020	$0.45
Dividend	04/13/2020	04/27/2020	$0.45
Dividend	01/13/2020	01/27/2020	$0.45
Dividend	11/13/2019	11/25/2019	$1.80
Dividend	10/10/2019	10/25/2019	$0.45
Dividend	07/11/2019	07/25/2019	$0.40
Dividend	05/13/2019	05/28/2019	$1.50
Dividend	04/11/2019	04/25/2019	$0.40
Dividend	01/11/2019	01/25/2019	$0.40
Dividend	11/14/2018	11/26/2018	$1.50
Dividend	10/11/2018	10/25/2018	$0.40
Dividend	07/11/2018	07/25/2018	$0.35
Dividend	05/11/2018	05/25/2018	$1.50
Dividend	04/11/2018	04/25/2018	$0.35
Dividend	01/10/2018	01/25/2018	$0.35
Dividend	11/15/2017	11/27/2017	$2.00
Dividend	10/11/2017	10/25/2017	$0.35
Dividend	07/11/2017	07/25/2017	$0.31
Dividend	05/10/2017	05/25/2017	$1.50
Dividend	04/10/2017	04/25/2017	$0.31
Dividend	01/10/2017	01/25/2017	$0.31
Dividend	11/18/2016	12/07/2016	$1.00
Dividend	10/11/2016	10/25/2016	$0.31

About American Financial Group

Sector: Finance, insurance and real estate

Questions about AFG

How much is AFG today?

AFG is at $140.53 (0.86% on the day), last traded on 10/06/2026.

How much did AFG pay in dividends in 2025?

AFG paid $7.28 per share in 2025, a dividend yield of 5.33%.

When is the next AFG dividend?

The next announced payment is $0.97 per share on 10/23/2026.

What are the P/E and P/B of AFG?

AFG trades at a P/E of 12.23 and a P/B of 2.42.

How much did AFG return in 12 months?

AFG returned 5.29% in 12 months, with annualized volatility of 13.14% and a largest drawdown of -5.55%.