PFG
Principal Financial Group, Inc.
PFG's fundamentals are mixed: earnings per share grew 31%, while revenue grew 5.2%. At 13x earnings, it's trading in line with its usual 12x. Analysts expect earnings growth.
PFG Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
PFG's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like PFG.
PFG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 7.2x | $64.91 | -43% |
| Forward | 11x | $113 | — |
| Fair | 12x | $105 | -6.8% |
| Current | 13x | $113 | — |
| Expensive | 16x | $143 | +26% |
Historical ranges are pointers, not guarantees.
PFG's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
PFG Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for PFG, with profitability improving.
PFG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $9.84 | +9.6% |
| Q3 2026 | $8.98 | +31% |
| Q2 2026 | $7.02 | +41% |
| Q1 2026 | $6.97 | +49% |
| Q4 2025 | $5.25 | -21% |
| Q3 2025 | $6.87 | +$7.66 |
| Q2 2025 | $4.97 | -5.5% |
| Q1 2025 | $4.67 | -13% |
| Q4 2024 | $6.68 | +162% |
PFG's earnings per share have fallen from their peak: $8.98 over the past year, against $20.63 in late 2022.
PFG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.6B | +25% |
| Q2 2026 | $3.9B | +6.4% |
| Q1 2026 | $3.5B | -4.5% |
| Q4 2025 | $4.6B | -3.7% |
| Q3 2025 | $3.7B | +22% |
| Q2 2025 | $3.7B | -15% |
| Q1 2025 | $3.7B | -8.8% |
| Q4 2024 | $4.8B | +77% |
PFG's revenue is recovering but still below its 2022 peak: $4.6B last quarter, up 25% from the same quarter a year ago.
PFG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +52% |
| Q2 2026 | $2.1B | +156% |
| Q1 2026 | $187.1M | -81% |
| Q4 2025 | $1.7B | +20% |
| Q3 2025 | $1B | -11% |
| Q2 2025 | $811.9M | -43% |
| Q1 2025 | $977.3M | +67% |
| Q4 2024 | $1.5B | +55% |
PFG's free cash flow was $5.5B over the past year, up 30% from the year before. Free cash flow isn't a meaningful measure for financial services companies like PFG.
PFG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.8% | -1.8M shares |
| 1 year | -3.7% | -8.3M shares |
| 3 years | -11% | -27.4M shares |
| 5 years | -20% | -55M shares |
| Available history | -23% | -64.1M shares |
PFG has 217M diluted shares, down 3.7% from a year ago, with $1B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $251M |
| Q2 2026 | $257.7M |
| Q1 2026 | $235M |
| Q4 2025 | $275.4M |
| Q3 2025 | $227.7M |
| Q2 2025 | $159.3M |
| Q1 2025 | $240.3M |
| Q4 2024 | $306.1M |
PFG spent $1B buying back its own shares over the past year, up 9.2% from the year before.
PFG Net Leverage
PFG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 57.4 | Neutral |
| Stochastic | 38.2 | Neutral |
PFG's weekly RSI is 57 (neutral) and its Stochastic is 38 (neutral).
PFG PE vs Financial Services Sector
| Metric | PFG | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 3.4% below |
| PE % | 65 | 63 | 2 pts above |
PFG is trading at 13x earnings, in line with the Financial Services sector's median of 13x.
PFG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $110.9 | 1.9% above |
| 20 week MA | $112.4 | 0.6% above |
| 50 week MA | $102.1 | 11% above |
| 100 week MA | $91.1 | 24% above |
| 200 week MA | $85.1 | 33% above |
PFG is in an uptrend: it's above all five of its weekly moving averages, and 33% above its 200-week average.
PFG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $54.8 | $48.5 | -11% |
| 2021 | $48.5 | $71.6 | +48% |
| 2022 | $71.6 | $85.6 | +20% |
| 2023 | $85.6 | $78.7 | -8.1% |
| 2024 | $78.7 | $77.7 | -1.2% |
| 2025 | $77.7 | $89.4 | +15% |
| 2026 YTD | $89.4 | $113.0 | +26% |
PFG has finished lower in three of the last six years. It's up 26% so far in 2026.