AFG
American Financial Group, Inc.
AFG trails on the overall score without a compensating advantage in the available component scores.
BAC
Bank of America Corporation
BAC has the edge over AFG overall, supported by stronger modeled upside and stronger valuation.
AFG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
AFG's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like AFG.
BAC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
BAC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like BAC.
AFG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.4x | $90.43 | -44% |
| Fair | 12x | $151 | -5.6% |
| Current | 13x | $160 | — |
| Forward | 13x | $160 | — |
| Expensive | 15x | $179 | +12% |
Historical ranges are pointers, not guarantees.
AFG's PE is in its expensive range at 13.1x. On analysts' estimates for next year's earnings, today's price would be 13.4x.
BAC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.4x | $39.50 | -22% |
| Forward | 10x | $50.51 | — |
| Current | 12x | $50.51 | — |
| Fair | 13x | $53.81 | +6.5% |
| Expensive | 15x | $62.23 | +23% |
Historical ranges are pointers, not guarantees.
BAC has the edge over AFG in the historical PE scenario, which offers more potential upside but is not a forecast.
AFG Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect AFG's earnings, revenue and profitability to hold roughly steady.
BAC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Moderate |
BAC has the edge over AFG on the outlook, with more favorable valuation and earnings expectations.
AFG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.98 | -2.4% |
| Q3 2026 | $12.27 | +29% |
| Q2 2026 | $11.45 | +26% |
| Q1 2026 | $10.53 | +11% |
| Q4 2025 | $10.08 | -4.6% |
| Q3 2025 | $9.52 | -11% |
| Q2 2025 | $9.10 | -14% |
| Q1 2025 | $9.52 | -8.9% |
| Q4 2024 | $10.57 | +5.2% |
AFG's earnings per share have fallen from their peak: $12.27 over the past year, against $27.03 in late 2021.
BAC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.92 | +17% |
| Q3 2026 | $4.19 | +14% |
| Q2 2026 | $4.34 | +27% |
| Q1 2026 | $4.02 | +20% |
| Q4 2025 | $3.81 | +19% |
| Q3 2025 | $3.66 | +33% |
| Q2 2025 | $3.41 | +20% |
| Q1 2025 | $3.35 | +16% |
| Q4 2024 | $3.21 | +4.2% |
BAC has the edge over AFG on earnings, with more consistent year-over-year improvement.
AFG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.6B | +11% |
| Q2 2026 | $2B | +5.5% |
| Q1 2026 | $1.9B | -0.1% |
| Q4 2025 | $2.1B | -4% |
| Q3 2025 | $2.3B | -1.6% |
| Q2 2025 | $1.9B | +1.3% |
| Q1 2025 | $1.9B | -2.6% |
| Q4 2024 | $2.1B | +3.2% |
AFG's revenue grew through 2024 and has held roughly level since: $2.6B last quarter, up 11% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +2.4 points |
| Q2 2026 | 16% | +3.7 points |
| Q1 2026 | 13% | +2.3 points |
| Q4 2025 | 18% | +3.5 points |
| Q3 2025 | 12% | +1.8 points |
| Q2 2025 | 12% | -2.4 points |
| Q1 2025 | 11% | -5.3 points |
| Q4 2024 | 15% | -1.2 points |
AFG's operating margin was 14% last quarter, up 2.4 points from the same quarter a year ago.
BAC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $30B | +6.7% |
| Q2 2026 | $31.6B | +19% |
| Q1 2026 | $30.3B | +11% |
| Q4 2025 | $31.2B | +23% |
| Q3 2025 | $28.1B | +11% |
| Q2 2025 | $26.5B | +4.3% |
| Q1 2025 | $27.4B | +6% |
| Q4 2024 | $25.3B | +15% |
BAC has the edge over AFG on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 30% | -3.7 points |
| Q2 2026 | 37% | +7.6 points |
| Q1 2026 | 34% | +4.7 points |
| Q4 2025 | 40% | +12 points |
| Q3 2025 | 34% | +4.8 points |
| Q2 2025 | 29% | -0.7 points |
| Q1 2025 | 30% | +1.5 points |
| Q4 2024 | 28% | +14 points |
BAC has the edge over AFG on profitability, with a higher operating margin.
AFG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $405M | +88% |
| Q2 2026 | $92M | -52% |
| Q1 2026 | $474M | +39% |
| Q4 2025 | $784M | +16% |
| Q3 2025 | $216M | -53% |
| Q2 2025 | $191M | +$279M |
| Q1 2025 | $342M | +220% |
| Q4 2024 | $674M | -11% |
AFG has the edge over BAC on cash flow, with more consistent year-over-year improvement.
BAC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$6.5B | -114% |
| Q2 2026 | $29B | +$38.2B |
| Q1 2026 | $41.8B | +$44B |
| Q4 2025 | -$22.9B | -189% |
| Q3 2025 | $46.9B | +$84.2B |
| Q2 2025 | -$9.1B | -150% |
| Q1 2025 | -$2.2B | +$13.4B |
| Q4 2024 | $25.9B | -21% |
BAC's free cash flow was $41.4B over the past year, down 33% from the year before. Free cash flow isn't a meaningful measure for financial services companies like BAC.
AFG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -100K shares |
| 1 year | -0.6% | -500K shares |
| 3 years | -2.1% | -1.8M shares |
| 5 years | -2.7% | -2.3M shares |
| Available history | -9.2% | -8.4M shares |
AFG has 83M diluted shares, down 0.6% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $26M |
| Q2 2026 | $26M |
| Q1 2026 | $60M |
| Q4 2025 | $1M |
| Q3 2025 | $1M |
| Q2 2025 | $39M |
| Q1 2025 | $58M |
| Q4 2024 | — |
AFG spent $113M buying back its own shares over the past year, up 15% from the year before.
BAC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1% | -72M shares |
| 1 year | -5.3% | -405M shares |
| 3 years | -11% | -854M shares |
| 5 years | -15% | -1.3B shares |
| Available history | -24% | -2.2B shares |
BAC has the edge over AFG on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $6B |
| Q2 2026 | $6B |
| Q1 2026 | $7.2B |
| Q4 2025 | $6.3B |
| Q3 2025 | $5.3B |
| Q2 2025 | $5.3B |
| Q1 2025 | $4.5B |
| Q4 2024 | $3.5B |
BAC spent $25.6B buying back its own shares over the past year, up 37% from the year before.
AFG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.3x | Very low |
| Q2 2026 | 0.3x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | 0.1x | Very low |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | 0.2x | Very low |
| Q1 2025 | 0.2x | Very low |
| Q4 2024 | 0.1x | Very low |
AFG has the edge over BAC on leverage, with a lower net debt burden relative to earnings.
BAC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.4x | High |
| Q2 2026 | 6.7x | High |
| Q1 2026 | 7.1x | High |
| Q4 2025 | 7.7x | High |
| Q3 2025 | 8.3x | High |
| Q2 2025 | 8.8x | High |
| Q1 2025 | 8.6x | High |
| Q4 2024 | 9.0x | High |
BAC's net debt is about 6.4 years of its operating earnings (EBITDA), down from 8.3 years a year ago. Net leverage isn't a meaningful measure for financial services companies like BAC.
AFG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 75.1 | Overbought |
| Stochastic | 87.0 | Overbought |
AFG's weekly RSI is 75 (overbought) and its Stochastic is 87 (overbought).
BAC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.1 | Neutral |
| Stochastic | 4.9 | Oversold |
BAC's weekly RSI is 37 (neutral) and its Stochastic is 5 (oversold).
AFG PE vs Financial Services Sector
| Metric | AFG | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.3% above |
| PE % | 69 | 63 | 6 pts above |
AFG is trading at 13x earnings, in line with the Financial Services sector's median of 13x.
BAC PE vs Financial Services Sector
| Metric | BAC | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 7.5% below |
| PE % | 40 | 63 | 23 pts below |
BAC has the edge over AFG on valuation relative to its sector.
AFG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $148.4 | 8% above |
| 20 week MA | $145.2 | 10% above |
| 50 week MA | $137.3 | 17% above |
| 100 week MA | $134.1 | 20% above |
| 200 week MA | $129.2 | 24% above |
AFG has the edge over BAC on trend strength, trading above more of its moving averages.
BAC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $52.1 | 3% below |
| 20 week MA | $57.8 | 13% below |
| 50 week MA | $54.7 | 7.7% below |
| 100 week MA | $50.5 | 0% below |
| 200 week MA | $42.5 | 19% above |
BAC has fallen below most of its moving averages, though it's still 19% above its 200-week average.
AFG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $109.2 | $87.6 | -20% |
| 2021 | $87.6 | $135.4 | +55% |
| 2022 | $135.4 | $137.8 | +1.8% |
| 2023 | $137.8 | $118.9 | -14% |
| 2024 | $118.9 | $137.0 | +15% |
| 2025 | $137.0 | $138.2 | +0.8% |
| 2026 YTD | $138.2 | $160.3 | +16% |
AFG has the edge over BAC on returns for 2026, with the stronger performance.
BAC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $35.4 | $30.0 | -15% |
| 2021 | $30.0 | $44.4 | +48% |
| 2022 | $44.4 | $32.5 | -27% |
| 2023 | $32.5 | $33.7 | +3.7% |
| 2024 | $33.7 | $44.3 | +32% |
| 2025 | $44.3 | $56.2 | +27% |
| 2026 YTD | $56.2 | $50.5 | -10% |
BAC has finished higher in four of the last six years. It's down 10% so far in 2026.