PRINCIPAL FINANCIAL GROUP (PFG) Fundamental Analysis & Valuation

NASDAQ:PFG • US74251V1026

89.73 USD
-0.88 (-0.97%)
At close: Mar 10, 2026
89.73 USD
0 (0%)
After Hours: 3/10/2026, 4:04:53 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This PFG fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

5

PFG gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 149 industry peers in the Insurance industry. PFG has only an average score on both its financial health and profitability. PFG has a decent growth rate and is not valued too expensively. PFG also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

4

1. PFG Profitability Analysis

1.1 Basic Checks

  • In the past year PFG was profitable.
  • PFG had a positive operating cash flow in the past year.
  • Each year in the past 5 years PFG has been profitable.
  • PFG had a positive operating cash flow in each of the past 5 years.
PFG Yearly Net Income VS EBIT VS OCF VS FCFPFG Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

1.2 Ratios

  • PFG's Return On Assets of 0.35% is on the low side compared to the rest of the industry. PFG is outperformed by 75.84% of its industry peers.
  • With a Return On Equity value of 9.97%, PFG perfoms like the industry average, outperforming 51.01% of the companies in the same industry.
  • PFG has a worse Return On Invested Capital (0.47%) than 68.46% of its industry peers.
  • PFG had an Average Return On Invested Capital over the past 3 years of 0.47%. This is significantly below the industry average of 15.25%.
  • The 3 year average ROIC (0.47%) for PFG is below the current ROIC(0.47%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.35%
ROE 9.97%
ROIC 0.47%
ROA(3y)0.35%
ROA(5y)0.64%
ROE(3y)9.95%
ROE(5y)17.47%
ROIC(3y)0.47%
ROIC(5y)0.54%
PFG Yearly ROA, ROE, ROICPFG Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

1.3 Margins

  • Looking at the Profit Margin, with a value of 7.40%, PFG is in line with its industry, outperforming 50.34% of the companies in the same industry.
  • PFG's Profit Margin has declined in the last couple of years.
  • PFG has a Operating Margin (11.62%) which is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of PFG has remained more or less at the same level.
Industry RankSector Rank
OM 11.62%
PM (TTM) 7.4%
GM N/A
OM growth 3Y-13.18%
OM growth 5Y0.24%
PM growth 3Y-40.06%
PM growth 5Y-4.8%
GM growth 3YN/A
GM growth 5YN/A
PFG Yearly Profit, Operating, Gross MarginsPFG Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. PFG Health Analysis

2.1 Basic Checks

  • PFG has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for PFG has been reduced compared to 1 year ago.
  • The number of shares outstanding for PFG has been reduced compared to 5 years ago.
  • PFG has a better debt/assets ratio than last year.
PFG Yearly Shares OutstandingPFG Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M 250M
PFG Yearly Total Debt VS Total AssetsPFG Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100B 200B 300B

2.2 Solvency

  • PFG has a debt to FCF ratio of 0.89. This is a very positive value and a sign of high solvency as it would only need 0.89 years to pay back of all of its debts.
  • PFG has a Debt to FCF ratio of 0.89. This is in the better half of the industry: PFG outperforms 70.47% of its industry peers.
  • PFG has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
  • PFG has a Debt to Equity ratio of 0.33. This is comparable to the rest of the industry: PFG outperforms 50.34% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 0.89
Altman-Z N/A
ROIC/WACC0.06
WACC7.91%
PFG Yearly LT Debt VS Equity VS FCFPFG Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
PFG Yearly Current Assets VS Current LiabilitesPFG Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. PFG Growth Analysis

3.1 Past

  • PFG shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 18.34%, which is quite good.
  • The Earnings Per Share has been growing by 10.83% on average over the past years. This is quite good.
  • The Revenue has been growing slightly by 2.08% in the past year.
  • Measured over the past years, PFG shows a small growth in Revenue. The Revenue has been growing by 1.66% on average per year.
EPS 1Y (TTM)18.34%
EPS 3Y7.39%
EPS 5Y10.83%
EPS Q2Q%12.89%
Revenue 1Y (TTM)2.08%
Revenue growth 3Y4.97%
Revenue growth 5Y1.66%
Sales Q2Q%13.26%

3.2 Future

  • Based on estimates for the next years, PFG will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.85% on average per year.
  • PFG is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.61% yearly.
EPS Next Y14.94%
EPS Next 2Y12.15%
EPS Next 3Y10.86%
EPS Next 5Y11.85%
Revenue Next Year8.04%
Revenue Next 2Y6.52%
Revenue Next 3Y-11.2%
Revenue Next 5Y6.61%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
PFG Yearly Revenue VS EstimatesPFG Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 5B 10B 15B 20B
PFG Yearly EPS VS EstimatesPFG Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2 4 6 8 10

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6

4. PFG Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 10.86, the valuation of PFG can be described as very reasonable.
  • PFG's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of PFG to the average of the S&P500 Index (26.45), we can say PFG is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 9.45, the valuation of PFG can be described as very reasonable.
  • PFG's Price/Forward Earnings ratio is in line with the industry average.
  • PFG's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.65.
Industry RankSector Rank
PE 10.86
Fwd PE 9.45
PFG Price Earnings VS Forward Price EarningsPFG Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 61.07% of the companies in the same industry are more expensive than PFG, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, PFG is valued a bit cheaper than the industry average as 69.80% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 4.38
EV/EBITDA 7.39
PFG Per share dataPFG EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.73
PEG (5Y)1
EPS Next 2Y12.15%
EPS Next 3Y10.86%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

8

5. PFG Dividend Analysis

5.1 Amount

  • PFG has a Yearly Dividend Yield of 3.42%.
  • Compared to an average industry Dividend Yield of 2.89, PFG pays a bit more dividend than its industry peers.
  • PFG's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.42%

5.2 History

  • On average, the dividend of PFG grows each year by 6.65%, which is quite nice.
  • PFG has paid a dividend for at least 10 years, which is a reliable track record.
  • PFG has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)6.65%
Div Incr Years16
Div Non Decr Years16
PFG Yearly Dividends per sharePFG Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • PFG pays out 57.72% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of PFG is growing, but earnings are growing more, so the dividend growth is sustainable.
DP57.72%
EPS Next 2Y12.15%
EPS Next 3Y10.86%
PFG Yearly Income VS Free CF VS DividendPFG Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
PFG Dividend Payout.PFG Dividend Payout, showing the Payout Ratio.PFG Dividend Payout.PayoutRetained Earnings

More info and screens

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PFG Fundamentals: All Metrics, Ratios and Statistics

PRINCIPAL FINANCIAL GROUP

NASDAQ:PFG (3/10/2026, 4:04:53 PM)

After market: 89.73 0 (0%)

89.73

-0.88 (-0.97%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)02-09
Earnings (Next)04-22
Inst Owners75.61%
Inst Owner Change-1.94%
Ins Owners0.78%
Ins Owner Change3.29%
Market Cap19.46B
Revenue(TTM)16.01B
Net Income(TTM)1.19B
Analysts55
Price Target95.46 (6.39%)
Short Float %3.12%
Short Ratio4.18
Dividend
Industry RankSector Rank
Dividend Yield 3.42%
Yearly Dividend3.08
Dividend Growth(5Y)6.65%
DP57.72%
Div Incr Years16
Div Non Decr Years16
Ex-Date03-11
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-3.96%
Min EPS beat(2)-5.38%
Max EPS beat(2)-2.54%
EPS beat(4)1
Avg EPS beat(4)-0.35%
Min EPS beat(4)-5.38%
Max EPS beat(4)8.39%
EPS beat(8)1
Avg EPS beat(8)-4.22%
EPS beat(12)3
Avg EPS beat(12)-2.7%
EPS beat(16)7
Avg EPS beat(16)0.89%
Revenue beat(2)1
Avg Revenue beat(2)3.29%
Min Revenue beat(2)-3.75%
Max Revenue beat(2)10.32%
Revenue beat(4)1
Avg Revenue beat(4)-0.96%
Min Revenue beat(4)-9.94%
Max Revenue beat(4)10.32%
Revenue beat(8)3
Avg Revenue beat(8)-0.86%
Revenue beat(12)6
Avg Revenue beat(12)1.48%
Revenue beat(16)9
Avg Revenue beat(16)1.75%
PT rev (1m)0.45%
PT rev (3m)5.05%
EPS NQ rev (1m)0.3%
EPS NQ rev (3m)-0.71%
EPS NY rev (1m)0.39%
EPS NY rev (3m)0.16%
Revenue NQ rev (1m)0.24%
Revenue NQ rev (3m)-0.87%
Revenue NY rev (1m)-0.63%
Revenue NY rev (3m)-0.4%
Valuation
Industry RankSector Rank
PE 10.86
Fwd PE 9.45
P/S 1.22
P/FCF 4.38
P/OCF 4.29
P/B 1.64
P/tB 2.16
EV/EBITDA 7.39
EPS(TTM)8.26
EY9.21%
EPS(NY)9.49
Fwd EY10.58%
FCF(TTM)20.47
FCFY22.81%
OCF(TTM)20.92
OCFY23.32%
SpS73.82
BVpS54.8
TBVpS41.58
PEG (NY)0.73
PEG (5Y)1
Graham Number100.92
Profitability
Industry RankSector Rank
ROA 0.35%
ROE 9.97%
ROCE 0.55%
ROIC 0.47%
ROICexc 0.48%
ROICexgc 1.35%
OM 11.62%
PM (TTM) 7.4%
GM N/A
FCFM 27.73%
ROA(3y)0.35%
ROA(5y)0.64%
ROE(3y)9.95%
ROE(5y)17.47%
ROIC(3y)0.47%
ROIC(5y)0.54%
ROICexc(3y)0.48%
ROICexc(5y)0.55%
ROICexgc(3y)1.33%
ROICexgc(5y)1.51%
ROCE(3y)0.54%
ROCE(5y)0.63%
ROICexgc growth 3Y-13.05%
ROICexgc growth 5Y0.61%
ROICexc growth 3Y-13.72%
ROICexc growth 5Y-0.86%
OM growth 3Y-13.18%
OM growth 5Y0.24%
PM growth 3Y-40.06%
PM growth 5Y-4.8%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.05
Health
Industry RankSector Rank
Debt/Equity 0.33
Debt/FCF 0.89
Debt/EBITDA 1.53
Cap/Depr 13.39%
Cap/Sales 0.61%
Interest Coverage 10.78
Cash Conversion 175.02%
Profit Quality 374.54%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score5
WACC7.91%
ROIC/WACC0.06
Cap/Depr(3y)12.65%
Cap/Depr(5y)15.22%
Cap/Sales(3y)0.58%
Cap/Sales(5y)0.7%
Profit Quality(3y)418.44%
Profit Quality(5y)303.01%
High Growth Momentum
Growth
EPS 1Y (TTM)18.34%
EPS 3Y7.39%
EPS 5Y10.83%
EPS Q2Q%12.89%
EPS Next Y14.94%
EPS Next 2Y12.15%
EPS Next 3Y10.86%
EPS Next 5Y11.85%
Revenue 1Y (TTM)2.08%
Revenue growth 3Y4.97%
Revenue growth 5Y1.66%
Sales Q2Q%13.26%
Revenue Next Year8.04%
Revenue Next 2Y6.52%
Revenue Next 3Y-11.2%
Revenue Next 5Y6.61%
EBIT growth 1Y26.33%
EBIT growth 3Y-8.87%
EBIT growth 5Y1.9%
EBIT Next Year11.6%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-2.1%
FCF growth 3Y13.24%
FCF growth 5Y4.11%
OCF growth 1Y-1.44%
OCF growth 3Y12.66%
OCF growth 5Y3.95%

PRINCIPAL FINANCIAL GROUP / PFG FAQ

Can you provide the ChartMill fundamental rating for PRINCIPAL FINANCIAL GROUP?

ChartMill assigns a fundamental rating of 5 / 10 to PFG.


What is the valuation status for PFG stock?

ChartMill assigns a valuation rating of 6 / 10 to PRINCIPAL FINANCIAL GROUP (PFG). This can be considered as Fairly Valued.


What is the profitability of PFG stock?

PRINCIPAL FINANCIAL GROUP (PFG) has a profitability rating of 4 / 10.


What are the PE and PB ratios of PRINCIPAL FINANCIAL GROUP (PFG) stock?

The Price/Earnings (PE) ratio for PRINCIPAL FINANCIAL GROUP (PFG) is 10.86 and the Price/Book (PB) ratio is 1.64.


How sustainable is the dividend of PRINCIPAL FINANCIAL GROUP (PFG) stock?

The dividend rating of PRINCIPAL FINANCIAL GROUP (PFG) is 8 / 10 and the dividend payout ratio is 57.72%.