# Aegon Ltd. New York Registry Shares (AEG) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Financial Services / Insurance. Price $8.21, market value $12.0 billion.

## Valuation
- **P/E (trailing): 11.9×** (5-yr avg 10.6×, 3-yr avg 13.8×). Aegon Ltd. New York Registry Shares trades at 11.9× trailing earnings, close to its own five-year average of 10.6×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 8.8×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.15**. A PEG of 0.15 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.5×**. Each dollar of revenue is priced at 0.5×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.2×**. The shares trade at 1.2× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 3.7%** (5-yr avg 5.4%). Free cash flow equals 3.7% of the market value, below its five-year average of 5.4%, so the shares are pricier on cash than usual.
- **Earnings yield: 8.4%**. The inverse of the P/E: 8.4% of the price is earned each year.

## Profitability
- **Operating margin: -164.7%**. Operating margin is negative: the business loses money before interest and tax.
- **Return on equity: 10.3%**. 10.3% on shareholders' equity is solid.
- **Return on invested capital: -401.8%**. Return on all capital, debt included, is -401.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -0.2%**. Each dollar of assets produces -0.2% of profit; low single digits are normal for banks and insurers.

## Growth
- **EPS growth (1 yr): 59.5%**. Earnings per share rose 59.5%.
- **Free-cash-flow growth (3 yr): -46.7%/yr**. Free cash flow has compounded at -46.7% a year over three years.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: $3.1 billion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 5.91%** ($0.49 per share, trailing). Aegon Ltd. New York Registry Shares yields 5.91%, an income-level yield.
- **Payout ratio: 61%** (152% of free cash flow). 61% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 13.3%/yr** (1-yr -55.0%). The dividend has compounded at 13.3% a year over five years, doubling roughly every 5 years at that pace.

## Price and momentum
- **Total return (1 yr): 11.6%** (YTD 9.6%, 3-mo -12.5%). The shares are up 11.6% over twelve months including dividends.
- **From 52-week high: -14.6%** (21.6% above the low). Trading 15% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 41**. An RSI of 41 is neutral.
- **Beta (1 yr): 0.84** (volatility 24%). Beta of 0.84 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AEG · Page: https://foliofundamentals.com/stocks/aeg

Not investment advice.