Is Principal Financial Group (PFG) overvalued or fairly valued?

MarketChacha shows Principal Financial Group's valuation in context — a trailing P/E of about 22.0, a forward P/E of about 10.5, a price-to-book of about 1.9 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Principal Financial Group's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (3.83×) from reported figures — education, not a rating.

What is Principal Financial Group's revenue?

Principal Financial Group reported revenue of $15.6B for FY2025, with net profit of $1.2B, per official filings.

What is the share price of Principal Financial Group (PFG)?

Principal Financial Group last traded at $107.54 (+0.6% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

Principal Financial Group

PFG · NYSE · Financials · United States

Snapshot

TickerPFG

ExchangeNYSE

SectorFinancials

IndustryAsset Management

CountryUnited States

Employees19,700

HeadquartersDes Moines, United States

Websitewww.principal.com

Filings tracked18

About Principal Financial Group

Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Asset Management, and Benefits and Protection segments. The Retirement and Income Solutions segment provides retirement, and related financial products and services. This segment offers products and services for defined contribution plans, including 401(k) and 403(b) plans, defined benefit plans, nonqualified executive benefit plans, employee stock ownership plans, equity compensation, and pension risk transfer services; individual retirement accounts; investment only products; and mutual funds, individual variable annuities, registered index-linked annuities, and bank products, as well as trust and custody services. The Principal Asset Management segment provides equity, fixed income, real estate, and other alternative investments, as well as fund offerings. This segment also offers pension accumulation products and services, mutual funds, asset management, income annuities, and life insurance accumulation products, as well as voluntary savings plans. The Benefits and Protection segment provides specialty benefits, such as specialty benefits group dental and vision insurance, group life and other insurance, and group and individual disability insurance, as well as administers group dental, disability, and vision benefits; and individual life insurance products comprising universal, variable universal, indexed universal, and term life insurance products. This segment serves insurance solutions for small and medium-sized businesses and their owners, as well as employees. The company was founded in 1879 and is based in Des Moines, Iowa.

Who owns it

Insiders1.1%
Institutions81.4%
Public & other17.5%

1,308 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.7.19%
Nippon Life Insurance Company6.52%
Vanguard Capital Management LLC4.84%
Vanguard Portfolio Management LLC4.05%
State Street Corporation3.69%
Bank of America Corporation2.47%
Charles Schwab Investment Management, Inc.2.34%
Capital World Investors2.17%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion3.83×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend4.6% → 7.6%

Margin has expanded by about 3.0 points — the business is getting more profitable.

Growth qualityrev 7% · PAT 38%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $4.5B · EPS 2.45

Est. earnings growth +12.1%

Next fiscal year

Rev $17.8B · EPS 10.24

Est. earnings growth +8.5%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$15.6B

Net margin

7.6%

ROE

10.0%

Revenue CAGR (2y)

+6.9%

Profit CAGR (2y)

+37.9%

EPS (FY2025)

5.25

Net profit (FY2025)

$1.2B

Ask MarketChacha about PFG

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$15.6B	$1.2B	5.25	7.6%	10.0%
FY2024	$16.1B	$1.6B	6.68	9.7%	14.2%
FY2023	$13.7B	$623.2M	2.55	4.6%	5.7%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q1	$3.5B	$424.6M	1.93	12.0%
2025Q3	$3.7B	$213.8M	0.95	5.8%
2025Q2	$3.7B	$406.2M	1.79	11.1%
2025Q1	$3.7B	$48.1M	0.21	1.3%
2024Q3	$3.0B	$-220.0M	-0.95	-7.3%
2024Q2	$4.3B	$353.1M	1.49	8.2%
2024Q1	$4.1B	$532.5M	2.22	13.1%
2023Q3	$4.6B	$1.2B	5.10	27.1%
2023Q2	$3.6B	$388.8M	1.58	10.9%
2023Q1	$2.8B	$-140.1M	-0.58	-5.0%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Material agreement, Material financial obligation, Exhibits
SEC9/10/2026material
10-Q filing
SEC7/29/2026
8-K — Results of operations, Exhibits
SEC7/27/2026material
8-K — Reg FD disclosure
SEC7/20/2026material
8-K — Material agreement, Material financial obligation, Other events, Exhibits
SEC6/1/2026material
8-K — Shareholder vote results
SEC5/20/2026material
10-Q filing
SEC4/29/2026
8-K — Results of operations, Exhibits
SEC4/23/2026material
8-K — Reg FD disclosure
SEC4/20/2026material
10-K filing
SEC2/18/2026
8-K — Results of operations, Exhibits
SEC2/9/2026material
8-K — Reg FD disclosure
SEC1/22/2026material

2025

10-Q — FORM 10-Q
SEC10/29/2025
8-K — Results of operations, Exhibits
SEC10/27/2025material
8-K — Reg FD disclosure
SEC10/16/2025material
8-K — Executive/director change, Exhibits
SEC8/19/2025material
10-Q filing
SEC7/30/2025
8-K — Results of operations, Exhibits
SEC7/28/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.