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STOCK COMPARISON

Ping An Insurance (Group) Company of China vs American Financial Group: Fair Value & Quality

Both stocks run through our valuation models. Here is how Ping An Insurance (Group) Company of China (82318) and American Financial Group (AFG) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Ping An Insurance (Group) Company of China as the more attractively valued of the two: Ping An Insurance (Group) Company of China trades at HK$48.94 versus a fair value of HK$61.00 (+25%), while American Financial Group trades at $144 versus $101 (-30%).
Ping An Insurance (Group) Company of China
82318.HK · HKD · Financials
+25%
upside to fair value
undervalued
PriceHK$48.94
Fair ValueHK$61.00
Quality61/100
American Financial Group
AFG · USD · Financials
-30%
upside to fair value
overvalued
Price$144
Fair Value$101
Quality56/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Ping An Insurance (Group) Company of ChinaAmerican Financial Group
Valuation
P/E (TTM)13.1×
0.16×P/S (TTM)1.46×
0.15×P/B2.41×
6.8×EV/EBITDA8.9×
PEG2.30×
+24.6%Fair value upside−30.1%
5.5%Dividend yield2.4%
HK$2.70Dividend per share$3.44
Profitability
49%Operating margin15%
0.95×EBIT margin trend (5Y)2.18×
11%Return on equity19%
1%Return on assets2%
Growth
-3%Revenue growth (YoY)0%
3.6%Avg. growth/yr (3Y)6.5%
-5.0%Avg. growth/yr (5Y)7.6%
+6.0%Value creation/yr+2.9%
Balance & size
6.4×Interest coverage (EBIT/interest)13.4×
1.65×Debt / equity0.38×
$151BMarket cap$12B
weakGrowth qualitymixed

Even match: 7 to 7 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Ping An Insurance (Group) Company of Chinaof which business quality 56 · market factors 47 American Financial Groupof which business quality 53 · market factors 70
ProfitabilityMargins and returns on capital today
30
35
Quality GrowthAre margins and returns improving?
45
42
CashflowEarnings quality: real cash, not paper profit
100
81
Fin. StrengthBalance sheet, leverage, solvency risk
7
18
InvestmentDisciplined investing over empire-building
79
72
Low VolatilityCalm price path (market factor)
81
91
MomentumPrice trend over the last 3–12 months (market factor)
34
55
52W MomentumDistance to the 52-week high (market factor)
31
73
Net IssuanceBuybacks instead of dilution
100
88

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyPing An Insurance (Group) Company of ChinaPrice HK$48.94American Financial GroupPrice $144
Dividend Discount-12%close to the priceHK$43.02-24%below the price$109
Multiples+31%above the priceHK$64.09-26%below the price$106
Asset-Based-43%below the priceHK$27.66-73%below the price$38.87
Economic Profit+2%close to the priceHK$49.96-45%below the price$79.94
Minimum-43%below the priceHK$27.66-73%below the price$38.87
Maximum+31%above the priceHK$64.09-24%below the price$109
Median-5%close to the priceHK$46.49-35%below the price$93.21
Geometric mean-10%close to the priceHK$44.18-46%below the price$77.50

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Ping An Insurance (Group) Company of China: 3 of 6 models see the stock below the current price.

American Financial Group: 6 of 6 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Ping An Insurance (Group) Company of China
Bear HK$45.75Fair Value HK$61.00Bull HK$76.24
HK$48.94 = current price (white tick)
American Financial Group
Bear $75.69Fair Value $101Bull $126
$144 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Ping An Insurance (Group) Company of China · Financials

Quality score61 · above median
Fair value upside+25% · above median

American Financial Group · Financials

Quality score56 · above median
Fair value upside-30% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Ping An Insurance (Group) Company of China as the more attractively valued of the two: Ping An Insurance (Group) Company of China trades at HK$48.94 versus a fair value of HK$61.00 (+25%), while American Financial Group trades at $144 versus $101 (-30%).

Ping An Insurance (Group) Company of China has the higher quality score (61/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.