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PRINCIPAL FINANCIAL GROUP INC PFG

Nasdaq · stock · Accident & Health Insurance · website · IPO 2001-10-26 · LEI

PRINCIPAL FINANCIAL GROUP INC statistics & valuation

Market cap$23.3B
P / E19.6×
P / S1.5×
P / B2.0×
Dividend yield2.94%
Net margin7.6%
Return on equity9.9%
Net cash$504.7M
Enterprise value USD$22.8B
Graham number -30.6%$78.97

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($78.97); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
10.60% 16.40% 10.90% 8.60% 9.50% 11.00% 27.10% 4.60% 9.70% 7.60% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
12.80% 17.90% 13.50% 9.50% 8.40% 9.80% 47.50% 5.70% 14.10% 9.90% 2016201720182019202020212022202320242025
Shares outstanding
292.7M 293.1M 288.8M 281.0M 276.6M 272.9M 255.3M 244.6M 235.3M 225.7M 2016201720182019202020212022202320242025
Net debt ($)
$406.1M $707.6M $282.1M $1.22B $1.43B $1.95B -$851.0M -$776.8M -$256.6M -$504.7M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.60% 0.90% 0.60% 0.50% 0.50% 0.50% 1.60% 0.20% 0.50% 0.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.30× 0.25× 0.28× 0.25× 0.26× 0.27× 0.40× 0.36× 0.36× 0.33× 2016201720182019202020212022202320242025
EPS ($)
$4.50 $7.88 $5.36 $4.96 $5.05 $5.79 $18.63 $2.55 $6.68 $5.25 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

PRINCIPAL FINANCIAL GROUP INC trades at about 21.7× earnings — above its 10-year norm (10-year range 5×–31×, median 12.3×).

5× 31×

Shaded band = 10-year range (5×–31×); dot = today's 21.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin7.6%9.7%4.6%27.1%11.0%9.5%8.6%10.9%16.4%10.6%
Return on assets0.3%0.5%0.2%1.6%0.5%0.5%0.5%0.6%0.9%0.6%
Return on equity9.9%14.1%5.7%47.5%9.8%8.4%9.5%13.5%17.9%12.8%
Debt / equity0.33×0.36×0.36×0.40×0.27×0.26×0.25×0.28×0.25×0.30×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.