Financials · Life & Health Insurance · US stock · price as of 22 Oct 2026
Key indicators
Price
$110.11
52-week range
$78.56 – $121.18
Market cap
$24.3B
P/E (trailing)
15.1×
Dividend yield
3.0%
Revenue (last 12 months)
$15.5B
Revenue growth (3y a year)
−3.8%
Price / book
2.1×
Return on equity
13.8%
Fair value
Fair value (average of valid models)$117.83 middle half of models $100 – $124
Versus priceFair+7% to fair value
P/E multiple
$106.26
P/B multiple
$99.18
P/S multiple
$100.15
Dividend discount, stable
$124.02
Dividend discount, multi-stage
$159.55
Model uncertainty
Medium
X-Ray Score
37/ 100 · Low confidence · ahead of 13% of sector peers
Valuation53
Growth4
Profitability44
Financial health38
Dividends39
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Principal Financial Group provides retirement, asset management and insurance services to businesses and individuals. It administers retirement plans for employers, manages investments through its global asset management arm, and offers employee benefits such as life, disability, dental and vision cover. The group also runs pension and asset management operations in selected overseas markets. Customers include small and mid-sized companies, large employers, institutional investors and individual savers.
The group earns its revenue from insurance premiums, fees charged on retirement accounts and managed assets, and income from investing the funds it holds. Revenue was $15.5 billion over the last twelve months and has changed at -3.8% a year across the last three years, which is a decline. The dividend yield is 3.0%. A full set of margin and return measures is not available on the site for this company.
StocksXray gives Principal Financial Group Inc an X-Ray Score of 37 out of 100 (low confidence), ahead of 13% of the S&P 500 stocks in its sector. Its strongest lens is valuation (53) and its weakest is growth (4).
Our fair value (the average of the valid models) is $117.83 (range $100.15 to $124.02). At $110.11 the stock trades 7% below that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Principal Financial Group Inc (PFG)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$61.17
$73.46
$71.38
$72.72
$86.08
$110.11
Market cap
$16.7B
$18.8B
$17.5B
$17.1B
$19.4B
$24.3B
P/E
10.6×
3.9×
28.0×
10.9×
16.4×
15.1×
Price / book
1.0×
1.9×
1.6×
1.5×
1.6×
2.1×
Dividend yield
–
3.48%
3.64%
3.92%
3.58%
2.95%
Fundamentals checklist ● 0 Good · ● 2 Average · ● 3 Bad · each check graded against the sector
Risk models
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)−34.4%Bad
Revenue growth (3y)−3.8%Bad
Growth consistency40%Bad
Valuation
Fair value vs price1.1×Average
XStocksXray
Principal Financial Group Inc (PFG)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
14,428
17,536
13,666
16,128
15,626
15,459
Net income
1,757
4,852
670
1,598
1,256
1,632
Diluted EPS ($)
5.79
18.63
2.55
6.68
5.25
7.27
Net margin
12.2%
27.7%
4.9%
9.9%
8.0%
10.6%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
304,657
290,867
305,047
313,664
341,377
332,705
Cash
2,332
4,848
4,708
4,212
4,431
4,054
Total debt
4,360
4,078
3,992
4,108
3,954
3,946
Equity
16,069
9,977
10,916
11,086
11,884
11,815
Dividend per share ($)
–
2.56
2.60
2.85
3.08
3.13
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
