American Equity Investment Life Holding Company
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
N/AN/A
Price/Sales ratio
N/AN/A
Earnings per Share (EPS)
$7.05$7.15

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
17.248.6222.9515.655.5111.083.796.603.3821.066.295.51
Price/Sales ratio
1.010.951.130.910.851.350.680.901.092.621.980.85
Price/Book Value ratio
1.010.970.830.951.050.590.380.571.301.461.411.05
Price/Cash Flow ratio
3.063.751.351.4258.450.811.950.862.021.121.071.07
Price/Free Cash Flow ratio
3.073.761.351.4264.880.811.970.862.061.141.091.09
Price/Earnings Growth ratio
-0.300.13-0.350.150.03-0.230.02-0.190.01-0.240.060.03
Dividend Yield
0.69%0.94%1.10%0.84%N/A1.00%2.44%2.05%1.78%0.98%0.67%1.00%
Profitability Indicator Ratios
Gross Profit Margin
96.20%95.14%93.90%96.26%95.59%92.33%95.05%93.97%93.64%82.18%86.52%92.33%
Operating Profit Margin
79.95%67.87%53.48%79.72%75.51%3.75%15.20%8.50%65.63%-0.08%52.49%52.49%
Pretax Profit Margin
9.12%17.00%7.76%10.57%19.26%15.68%21.97%14.89%41.04%17.55%40.82%19.26%
Net Profit Margin
5.86%11.08%4.96%5.83%15.59%12.22%18.08%13.66%32.40%12.43%31.31%15.59%
Effective Tax Rate
35.72%34.82%36.08%44.78%19.04%22.01%17.70%21.36%21.02%28.65%23.18%19.04%
Return on Assets
0.28%0.44%0.14%0.28%0.74%0.35%0.94%0.70%1.65%0.31%0.87%0.74%
Return On Equity
5.88%11.30%3.63%6.12%19.09%5.38%10.21%8.74%38.52%6.96%26.28%19.09%
Return on Capital Employed
3.90%2.74%1.60%3.84%3.59%0.10%0.79%0.44%3.35%-0.00%1.47%1.47%
Liquidity Ratios
Current Ratio
0.890.860.860.890.850.928.58N/AN/AN/AN/A0.92
Quick Ratio
3.17K4.75K3.77K44.19K5.34K5.80K76.71K378.60164.39-3.90N/A5.80K
Cash ratio
67.2551.3468.961.35K38.73247.2910.55K27.066.94-0.67N/A247.29
Days of Sales Outstanding
1.575.442.49N/A3.29N/A0.0815.025.378.163.923.29
Days of Inventory outstanding
N/AN/A-5.15KN/A-3.41KN/A-18.87K-10.61K-5.56K-53.96KN/A-3.41K
Operating Cycle
1.575.44-5.14KN/A-3.40KN/A-18.87K-10.60K-5.55K-53.95K3.92-3.40K
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
1.575.44-5.14KN/A-3.40KN/A-18.87K-10.60K-5.55K-53.95K3.92-3.40K
Debt Ratios
Debt Ratio
0.010.010.010.010.010.000.000.000.010.010.010.01
Debt Equity Ratio
0.310.330.320.250.350.140.080.090.270.280.270.27
Long-term Debt to Capitalization
0.230.240.240.200.230.120.080.080.210.220.210.21
Total Debt to Capitalization
0.230.240.240.200.260.120.080.080.210.220.210.21
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/A0.04N/AN/AN/A3.23N/A
Cash Flow to Debt Ratio
1.050.781.922.600.055.132.277.362.344.554.800.05
Company Equity Multiplier
20.5525.2124.4621.7625.6815.2510.8512.3923.3222.2525.6625.66
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.320.250.840.640.011.660.351.040.542.321.820.01
Free Cash Flow / Operating Cash Flow Ratio
0.990.990.990.990.900.990.980.990.970.980.980.90
Cash Flow Coverage Ratio
1.050.781.922.600.055.132.277.362.344.554.800.05
Short Term Coverage Ratio
N/AN/AN/AN/A0.39N/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
11.91%8.13%25.35%13.25%N/A11.09%9.28%13.58%6.05%20.74%3.07%11.09%