American Financial Group, Inc. (AFG) fair value: what the stock is really worth
We calculate from audited financials what American Financial Group, Inc. is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Watch American Financial Group, Inc. for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range $78.56 – $146.73 · fair‑value band $71.25 – $126.15 · the $141.24 price screens above the $100.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
American Financial Group, Inc., an insurance holding company, provides property and casualty insurance products in the United States. It operates through Property and Casualty Insurance and Other segments.
Show more
American Financial Group, Inc., an insurance holding company, provides property and casualty insurance products in the United States. It operates through Property and Casualty Insurance and Other segments. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, other specialty transportation niches, inland and ocean marine, agricultural-related products, and other commercial property coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance. It sells its property and casualty insurance products through independent insurance agents and brokers. American Financial Group, Inc. was formerly known as American Financial Group Holdings Inc and changed its name to American Financial Group, Inc. in July 1997. The company was founded in 1872 and is headquartered in Cincinnati, Ohio.
Stock analysis
American Financial Group, Inc. (AFG) currently trades at $141.24, while our model-based Fair Value estimate is $100.92, implying the stock looks roughly 40.0% overvalued today.
Show more
Valuation
Bull case: the Dividend Discount group reads highest at a median of $99.86 per share, and 0 of the 6 models we run sit above the $141.24 price.
Bear case: the Asset-Based group reads lowest at $38.87, and 6 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: $71.25 (bear) to $126.15 (bull), the price of $141.24 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
American Financial Group, Inc. reported revenue of $8.2B in FY2025 versus $6.2B in FY2021, a compound +7.0%/yr. Reported net income was $842M in FY2025, compounding −19.4%/yr from FY2021.
Key figures
Market cap $11.8B · P/E ratio 13.2 · P/S ratio 1.36 · EPS (TTM) $10.69 · Dividend yield 2.4% · Net margin 10.3% · Return on equity 19.4% · Return on assets (EBIT) 4.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 1% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −14% fair-value upside, at −29%, AFG screens richer than that median.
Fair Value models
Bear $71.25Fair Value $100.92Bull $126.15
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($5.15 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−1.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.6%
Revenue growth 42 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.8%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+2.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.5%
Dividend (yield on the price)2.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.1% vs 7%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 13%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−9.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.7%
Yearly sales growth analysts expect, extended to five years.
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare American Financial Group, Inc. with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Insurance - Property & Casualty · 118 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "American Financial Group, Inc. Fair Value". https://www.fairvalue-calculator.com/stock/AFG
Frequently asked questions
Is American Financial Group, Inc. (AFG) overvalued or undervalued?
As of Sep 18, 2026, our model estimates a fair value of $100.92 versus a price of $141.24, about −29% upside (overvalued).
What is the fair value of AFG?
Our model-based fair value for American Financial Group, Inc. is $100.92 (as of Sep 18, 2026), built from audited fundamentals. The current price: $141.24.
What is the quality score of AFG?
American Financial Group, Inc. has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for American Financial Group, Inc. (AFG)?
Our model-based price target is the fair value of $100.92 (as of Sep 18, 2026) from 6 valuation models. Cautious scenario $71.25, optimistic scenario $126.15. It is a calculation from audited fundamentals, not an analyst target.
What is the American Financial Group, Inc. stock forecast for 2026?
Our models put fair value at $100.92, about −29% upside versus a price of $141.24 (overvalued). Cautious scenario $71.25, optimistic scenario $126.15. The calculation is refreshed regularly with new filings.
What is the revenue of American Financial Group, Inc. (AFG)?
American Financial Group, Inc. reported trailing-twelve-month revenue of about $7.9B (latest available figure, as of Sep 18, 2026).
Does American Financial Group, Inc. pay a dividend?
American Financial Group, Inc. currently shows a dividend yield of about 2.44% relative to its recent price (as of Sep 18, 2026).
What growth is priced into American Financial Group, Inc. (AFG)?
For today's price to be fair in a discounted-cash-flow model, American Financial Group, Inc. would have to grow free cash flow by -9.6 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Sep 18, 2026.
What discount rate (WACC) does the fair value of AFG use?
Our models discount American Financial Group, Inc. at 8.3 %: a base by market capitalisation (large), damped by beta 0.61, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For American Financial Group, Inc. that is -9.6 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has American Financial Group, Inc. (AFG) delivered so far?
Over the past 5 years revenue at American Financial Group, Inc. grew +7.6 % a year. The price currently implies -9.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of American Financial Group, Inc. (AFG) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into American Financial Group, Inc. (-9.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of American Financial Group, Inc. (AFG)?
The free-cash-flow yield on the price is 11.85 %: that much free cash flow American Financial Group, Inc. produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of American Financial Group, Inc. (AFG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For American Financial Group, Inc. it is $100.92 per share (as of Sep 18, 2026), against a price of $141.24. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is American Financial Group, Inc. stock overvalued or undervalued in 2026?
As of Sep 18, 2026, AFG trades above its calculated fair value: price $141.24, fair value $100.92, a gap of about −29% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AFG?
No. The price is what the market pays today ($141.24); the fair value is what the company's own numbers justify ($100.92). For American Financial Group, Inc. the two are $40.32 per share apart. That gap is exactly why we show both numbers side by side.
How much is American Financial Group, Inc. worth?
The market values American Financial Group, Inc. at about $11.8B (market capitalisation, as of Sep 18, 2026). Per share that is $141.24; our models calculate a fair value of $100.92 per share.
What do the bullish and bearish scenarios say about AFG?
Our models span a range for American Financial Group, Inc.: cautious scenario $71.25, base $100.92, optimistic $126.15 per share (as of Sep 18, 2026, price $141.24). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AFG?
American Financial Group, Inc. trades at a price-to-earnings ratio of 13.2 (as of Sep 18, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $100.92 is built from several models across several years. Other multiples: PEG 2.3, P/B 2.4, P/S 1.5, EV/EBITDA 8.9.
What is the PEG ratio of AFG?
The PEG ratio of American Financial Group, Inc. is 2.30 (P/E divided by earnings growth, as of Sep 18, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of American Financial Group, Inc. (AFG)?
Balance-sheet figures for American Financial Group, Inc. (as of Sep 18, 2026): return on equity 19.4%, debt of 0.38 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is AFG from its 52-week high?
American Financial Group, Inc. trades at $141.24, about 1% below its 52-week high of $143.34 and 22% above the low of $115.60 (as of Sep 18, 2026). Distance from the high says nothing about value: that is what the fair value of $100.92 is for.
Which stocks are comparable to American Financial Group, Inc.?
From the same area (Financial Services) we also value The Progressive Corporation, Chubb Limited, The Travelers Companies, Inc, The Allstate Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is American Financial Group, Inc. stock attractive at the current price?
The data as of Sep 18, 2026: price $141.24, calculated fair value $100.92 (−29%), Quality Score 59/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AFG calculated?
We run American Financial Group, Inc. through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $100.92, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 16.1 % above its aggregate fair value. American Financial Group, Inc. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of American Financial Group, Inc. (AFG)?
The closing price on Sep 21, 2026 was $141.24. Our model-based fair value is $100.92, about −29% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with American Financial Group, Inc. right now?
The price sits above even our optimistic bull case ($126.15). The favourable scenario is already priced in. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of American Financial Group, Inc. (AFG) come from?
Earnings per share at American Financial Group, Inc. grew +7.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.8 %, EBIT margin +2.6 %, tax rate +0.9 %, residual (interest, one-offs) −0.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of American Financial Group, Inc.
How large is the market capitalisation of American Financial Group, Inc. (AFG)?
The market capitalisation of American Financial Group, Inc. is $11.8B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of American Financial Group, Inc. (AFG)?
The price-to-sales ratio of American Financial Group, Inc. is 1.36 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of American Financial Group, Inc. (AFG)?
Earnings per share at American Financial Group, Inc. are $10.69 (price ÷ EPS = P/E 13.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of American Financial Group, Inc. (AFG)?
The dividend yield of American Financial Group, Inc. is 2.4% (payout 32.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of American Financial Group, Inc. (AFG)?
The net margin of American Financial Group, Inc. is 10.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of American Financial Group, Inc. (AFG)?
The return on equity (ROE) of American Financial Group, Inc. is 19.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of American Financial Group, Inc. (AFG)?
On an EBIT basis the return on assets of American Financial Group, Inc. is 4.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of American Financial Group, Inc. (AFG)?
The operating margin of American Financial Group, Inc. is 14.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at American Financial Group, Inc. (AFG)?
Revenue at American Financial Group, Inc. is growing +0.3% versus a year earlier (3y avg +6.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at American Financial Group, Inc. (AFG)?
Earnings per share at American Financial Group, Inc. are growing +24.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does American Financial Group, Inc. (AFG) carry?
The net debt of American Financial Group, Inc. is $93.0M (fiscal year 2025, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch American Financial Group, Inc. in the live analysis
One click puts American Financial Group, Inc. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Broad data
Sep 18, 2026