Aflac Inc (AFL) is slightly undervalued and Jackson Financial Inc (JXN) is overvalued.
Against our estimates of intrinsic value, AFL trades at the wider discount: a margin of safety of +19%, against -227% for JXN.
Values as of the 22 Sept 2026 close.
Book value at 2.50x, the multiple a 16.9% return on equity justifies, blended with earnings, values the shares at $140.75; the price of $114.60 is 19% below that value.
Leak Score 62/100 on 9 of 12 signals
Book value at 0.50x, the multiple a 1.0% return on equity justifies, blended with earnings, values the shares at $39.68; the price of $129.57 is 227% above that value.
Leak Score 0/100 on 3 of 12 signals
| Metric | AFL | JXN |
|---|---|---|
| Verdict | Slightly undervalued | Overvalued |
| Price | $114.60 | $129.57 |
| Intrinsic value | $140.75 | $39.68 |
| Margin of safety | +19% | -227% |
| Leak Score | 62/100 (9/12) | 0/100 (3/12) |
| Market cap | $57.5B | $8.8B |
| Revenue growth, 5 years | -5.0% | 15.8% |
| Operating margin | 33.4% | 1.3% |
| Net margin | 26.9% | 0.9% |
| Return on equity | 16.9% | 1.0% |
| Debt to equity | 0.29 | 0.28 |
| P/E | 12.3x | 178.0x |
| Forward P/E | 15.2x | 4.1x |
| P/B | 1.9x | 0.9x |
| Dividend yield | 2.1% | 2.8% |