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American Financial price to book ratio AFG

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 23, 2026
2.6×
10-year median
2.1×
Against its 10-year history
91st
percentile: 0 is its lowest day, 100 its highest
10-year range
0.7× to 3.2×
Peer median
1.2×

American Financial's price to book ratio is 2.6× as of Oct 23, 2026.

That is above its ten-year median of 2.1×, higher than on 91% of days in the last ten years.

Over that time it ranged from 0.7× in Mar 2020 to 3.2× in Nov 2022.

The median for 10 property and casualty insurers of a similar size is 1.2×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far2.6×2.1×2.6×
20252.4×2.1×2.7×
20242.4×2.4×2.7×
20232.5×2.3×3.1×
20223.0×2.1×3.2×
20212.2×1.2×2.3×
20201.2×0.7×1.6×
20191.6×1.5×1.8×
20181.5×1.5×2.0×
20171.8×1.5×1.8×
20161.5×1.2×1.5×
20151.3×1.0×1.4×
20141.1×1.0×1.1×
20131.1×0.8×1.1×
20120.7×0.7×0.9×
20110.8×0.7×0.8×
20100.8×0.7×0.8×

Against its peers

Companies in Insurance - Property & Casualty nearest American Financial's size, closest first, today.

CompanyPrice to book ratio
AFGAmerican Financial2.6×
CNACNA Financial1.2×
RNRRenaissancere1.2×
EGEverest1.0×
KNSLKinsale Capital4.1×
THGHanover Insurance2.3×
AXSAxis Capital1.2×
LLoews1.2×
MKLMarkel1.2×
RLIRLI3.5×
CINFCincinnati Financial1.6×
Peer median1.2×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on American Financial

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.