AFL vs AXS vs BRK-B Stock Comparison

Aflac, Axis Capital Holdings and Berkshire Hathaway Prices as of Nov 4, 2026 Peers: Industry group
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AFL Aflac Inc
$125.31 +11.5% 1M +15.2% 1Y
Market cap
$62.94B
P/E
13.0x
Revenue (TTM)
$18.07B
Div. yield
1.92%
Property and Casualty Insurance Financial Services
4 wins
AXS Axis Capital Holdings Ltd
$107.81 +12.8% 1M +12.3% 1Y
Market cap
$7.77B
P/E
8.0x
Revenue (TTM)
$6.92B
Div. yield
1.63%
Property and Casualty Insurance Financial Services
4 wins
BRK-B Berkshire Hathaway Inc
$579.66 +14.9% 1M +18.9% 1Y
Market cap
$1.25T
P/E
0.0x
Revenue (TTM)
$384.69B
Div. yield
–
Property and Casualty Insurance Financial Services
4 wins

Head to Head

12 decided of 12

Berkshire Hathaway leads on 4 of the 12 questions below (Berkshire Hathaway 4, Axis Capital Holdings 4, Aflac 4). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAFLAXSBRK-BLeader
Larger companyMarket capitalisation $62.94B $7.77B $1.25T BRK-B
Cheaper on earningsLower P/E, profitable companies only 13.0x 8.0x 0.0x BRK-B
Cheaper on forward earningsLower price / next fiscal year consensus EPS 17.2x 8.3x — AXS
Faster revenue growthRevenue growth, trailing twelve months +10.9% +9.8% +3.9% AFL
More profitableNet margin, trailing twelve months 26.9% 14.2% 22.3% AFL
Better return on capitalReturn on invested capital 13.2% 13.5% -10.4% AXS
Less leveragedLower net debt / EBITDA — 0.2x 2.4x AXS
Higher dividend yieldTrailing dividend yield 1.92% 1.63% — AFL
Better 1-year returnPrice return, last 12 months +15.2% +12.3% +18.9% BRK-B
Better 5-year returnAnnualised price return, 5 years +17.2%/yr +15.2%/yr +15.0%/yr AFL
Less volatileAnnualised volatility, 1 year 17.5% 24.4% 15.1% BRK-B
Higher overall scoreMean of the five percentile scores vs peers 52/100 73/100 26/100 AXS

Percentile Scorecard

AFLAXSBRK-B

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAFLAXSBRK-B
Valuation 17 #99 of 119 85 #19 of 119 14 #102 of 119
Growth 41 #69 of 116 77 #27 of 116 30 #82 of 116
Profitability 62 #45 of 116 77 #28 of 116 30 #82 of 116
Financial Health 54 #55 of 118 62 #45 of 118 50 #59 of 118
Shareholder Returns 87 #15 of 109 65 #39 of 109 8 #100 of 109
Overall 52 73 26
  • AFL ranked among 126 companies in Insurance
  • AXS ranked among 126 companies in Insurance
  • BRK-B ranked among 126 companies in Insurance

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAFLAXSBRK-BSPY
1 month +11.5%+12.8%+14.9% -1.0%
3 months -0.2%+3.4%+11.8% -0.4%
6 months +10.5%+8.5%+23.4% +4.5%
Year to date +13.6%+0.7%+15.3% +12.4%
1 year +15.2%+12.3%+18.9% +13.6%
3 years +52.4%+97.8%+64.8% +76.4%
3 years, per year +15.1%+25.5%+18.1% +20.8%
5 years +120.8%+103.0%+101.4% +63.7%
5 years, per year +17.2%+15.2%+15.0% +10.4%
10 years +265.5%+85.9%+305.5% +267.7%
10 years, per year +13.8%+6.4%+15.0% +13.9%

Risk

MeasureAFLAXSBRK-BSPY
Volatility, 1Y 17.5%24.4%15.1% 12.8%
Downside volatility, 1Y 17.1%27.6%14.2% 12.7%
Beta vs S&P 500, 1Y -0.20-0.170.03 1.00
Return / volatility, 1Y 0.860.511.25 1.06
Max drawdown, 5Y -20.4%-21.0%-26.6% -25.4%
From 52-week high -3.3%-9.6%0.0% -1.6%
52-week high $129.53$119.25$579.66 $779.14
52-week low $106.20$94.19$465.40 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAFLAXSBRK-B
P/E now vs peer median 13.0xmedian 11.1x 8.0xmedian 11.1x 0.0xmedian 11.1x
P/S now vs peer median 3.5xmedian 1.4x 1.1xmedian 1.4x 3.2xmedian 1.4x
EV/EBITDA now vs peer median —median 7.3x 6.0xmedian 7.3x -10.4xmedian 7.3x
P/FCF now vs peer median 23.8xmedian 9.0x 3.0xmedian 9.0x 51.6xmedian 9.0x
P/B now vs peer median 2.1xmedian 1.6x 1.2xmedian 1.6x 1.7xmedian 1.6x
PEG now vs peer median 2.00median 0.64 0.28median 0.64 —median 0.64

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAFLAXSBRK-B
Revenue $18.07B $6.92B $384.69B
Gross profit $11.05B – $215.64B
Operating income $6.03B – -$111.18B
Net income $4.86B $1.01B $86.08B
Free cash flow $2.65B $2.60B $24.22B
EPS (diluted) $9.62 $13.37 –
Cash & equivalents $6.12B $1.04B $40.61B
Total debt $8.73B $1.37B $128.60B
Shares (diluted) 505.58M 73.37M –
Enterprise value $38.15B $4.24B -$168.51B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAFLAXSBRK-B
P/E 13.0x 8.0x 0.0x
P/FCF 23.8x 3.0x 51.6x
P/Operating cash flow 23.8x 2.9x 26.8x
P/S 3.5x 1.1x 3.2x
P/B 2.1x 1.2x 1.7x
P/Tangible book 2.1x 1.3x 1.7x
EV/EBITDA – 6.0x -10.4x
EV/EBIT 10.9x 6.3x -9.1x
EV/Revenue 3.6x 1.2x 2.6x
EV/FCF 24.8x 3.1x 41.8x
EV/Operating cash flow 24.8x 3.0x 21.7x
PEG (3Y EPS CAGR) 2.00 0.28 –

Growth

14 metrics
MetricAFLAXSBRK-B
Revenue growth (1Y) 10.9% 9.8% 3.9%
Revenue CAGR (3Y) -1.0% 7.9% 4.9%
Gross profit growth (1Y) 25.3% – 2.1%
Gross profit CAGR (3Y) 2.5% – 1.0%
Operating income growth (1Y) 183.0% – -4.9%
Operating income CAGR (3Y) 4.7% – -8.5%
Net income growth (1Y) 99.5% -0.1% 35.9%
Net income CAGR (3Y) 0.4% 21.3% -0.5%
EPS growth (1Y) 112.5% 7.0% –
EPS CAGR (3Y) 6.5% 28.9% –
Operating cash flow growth (1Y) 2.2% 942.1% 70.1%
Operating cash flow CAGR (3Y) -8.4% 44.2% 2.6%
Free cash flow growth (1Y) 2.2% 833.8% 194.4%
Free cash flow CAGR (3Y) -8.4% 44.7% -2.5%

Profitability

14 metrics
MetricAFLAXSBRK-B
Gross margin 61.1% – 56.1%
EBITDA margin – 19.4% -25.3%
Operating margin 33.4% – -28.9%
Pretax margin 32.0% 17.5% 29.2%
Net margin 26.9% 14.2% 22.3%
FCF margin 14.6% 37.6% 6.3%
Operating cash flow margin 14.6% 38.4% 12.1%
Return on equity 16.1% 15.6% 11.6%
Return on assets 4.2% 2.7% 6.8%
Return on invested capital 13.2% 13.5% -10.4%
Return on capital employed – – –
Asset turnover 0.2x 0.2x 0.3x
Cash conversion (OCF / net income) 0.5x 2.6x 0.5x
Stock comp / revenue – 0.8% –

Financial Health

11 metrics
MetricAFLAXSBRK-B
Debt / assets 7.5% 3.7% 10.2%
Debt / equity 0.3x 0.2x 0.2x
Net debt / EBITDA – 0.2x 2.4x
Debt / FCF 3.3x 0.5x 5.3x
Liabilities / assets 73.9% 82.7% 40.6%
Equity / assets 26.1% 17.3% 59.4%
Interest coverage 24.9x 19.1x -21.4x
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricAFLAXSBRK-B
Dividend yield 1.9% 1.6% –
Net buyback yield 6.0% 7.0% 0.4%
Shareholder yield 7.9% 8.7% 0.4%
Payout ratio (earnings) – 13.3% –
Payout ratio (FCF) – 5.2% –
Dividend growth (1Y) – -7.7% –
Dividend CAGR (3Y) – -4.0% –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAFLAXSBRK-B
Forward P/E 17.2xFY2026 8.3xFY2026 –
EPS, next fiscal year $7.27FY2026 $12.94FY2026 –
EPS growth, next FY -2.9%FY2026 +0.2%FY2026 –
EPS growth, the year after +8.3% +5.7% –
Revenue, next fiscal year $17.70BFY2026 $7.02BFY2026 –
Revenue growth, next FY +3.2%FY2026 +7.0%FY2026 –
Revenue growth, the year after -0.7% +4.0% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAFLAXSBRK-B
Held by institutions 68.2% 97.7% 65.8%
Institutions holding 1,701 468 4,930
Change in shares held, QoQ +0.6% +1.8% +1.9%
Institutions buying 741 232 2,239
Institutions selling 582 179 1,991
Buyers to sellers 1.27 1.30 1.12

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AFLAXSBRK-B
AFL 1.00 0.55 0.43
AXS 0.55 1.00 0.37
BRK-B 0.43 0.37 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, AFL, AXS and BRK-B?

Berkshire Hathaway (BRK-B) is the largest by market capitalisation: Aflac (AFL) $62.94B, Axis Capital Holdings (AXS) $7.77B, Berkshire Hathaway (BRK-B) $1.25T.

Which stock is cheaper, AFL, AXS and BRK-B?

Berkshire Hathaway (BRK-B) trades on the lowest price-to-earnings ratio (Aflac (AFL) 13.0x, Axis Capital Holdings (AXS) 8.0x, Berkshire Hathaway (BRK-B) 0.0x). On next year's consensus earnings, Axis Capital Holdings (AXS) is cheapest (Aflac (AFL) 17.2x, Axis Capital Holdings (AXS) 8.3x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Aflac (AFL) grew revenue fastest over the trailing twelve months: Aflac (AFL) +10.9%, Axis Capital Holdings (AXS) +9.8%, Berkshire Hathaway (BRK-B) +3.9%.

Which company is more profitable?

Aflac (AFL) has the highest net margin (Aflac (AFL) 26.9%, Axis Capital Holdings (AXS) 14.2%, Berkshire Hathaway (BRK-B) 22.3%). On return on invested capital, Axis Capital Holdings (AXS) leads (Aflac (AFL) 13.2%, Axis Capital Holdings (AXS) 13.5%, Berkshire Hathaway (BRK-B) -10.4%).

Which stock has performed better?

Over the past year Berkshire Hathaway (BRK-B) returned the most: Aflac (AFL) +15.2%, Axis Capital Holdings (AXS) +12.3%, Berkshire Hathaway (BRK-B) +18.9%. Over five years, Aflac (AFL) compounded fastest (Aflac (AFL) +17.2%/yr, Axis Capital Holdings (AXS) +15.2%/yr, Berkshire Hathaway (BRK-B) +15.0%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Aflac (AFL) has the highest dividend yield: Aflac (AFL) 1.92%, Axis Capital Holdings (AXS) 1.63%. Berkshire Hathaway (BRK-B) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Berkshire Hathaway (BRK-B) has been the steadiest (Aflac (AFL) 17.5%, Axis Capital Holdings (AXS) 24.4%, Berkshire Hathaway (BRK-B) 15.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AFL, AXS and BRK-B?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Berkshire Hathaway (BRK-B) leads on 4. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.