# Aviva plc (AV.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Insurance. Price 719p, market value 21.5 billionp.

## Valuation
- **P/E (trailing): 42.3×** (5-yr avg 2275.7×, 3-yr avg 1914.2×). Aviva plc trades at 42.3× trailing earnings, well below its own five-year average of 2275.7×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 10.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.60**. A PEG of 0.60 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.3×**. Each dollar of revenue is priced at 0.3×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 2.2×**. The shares trade at 2.2× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 3.1×**. Enterprise value is 3.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 25.0%** (5-yr avg 0.1%). Free cash flow equals 25.0% of the market value, above its five-year average of 0.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 2.4%**. The inverse of the P/E: 2.4% of the price is earned each year.

## Profitability
- **Gross margin: 104.7%**. Aviva plc keeps 104.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 17.6%**. 17.6% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 1.8%**. 1.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.7%**. 10.7% on shareholders' equity is solid.
- **Return on assets: 0.4%**. Each dollar of assets produces 0.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 43.2%** (5-yr 13.9%/yr). Revenue grew 43.2% over the last year, against 13.9% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 17.4%** (5-yr -14.5%/yr). Earnings per share rose 17.4%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.
- **Cash and short-term investments: 18.3 billionp**. 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: 5.51%** (0p per share, trailing). Aviva plc yields 5.51%, an income-level yield.
- **Payout ratio: 121%** (41% of free cash flow). The dividend exceeds earnings (121% payout), though free cash flow still covers it.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 23.5%/yr** (1-yr 7.9%). The dividend has compounded at 23.5% a year over five years, doubling roughly every 3 years at that pace.
- **Shareholder yield: 9.4%**. Dividends plus net buybacks return 9.4% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (14 analysts). 14 analysts cover Aviva plc; the consensus is buy, with an average price target of 720p (+0% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 10.7%** (YTD 6.1%, 3-mo 18.9%). The shares are up 10.7% over twelve months including dividends.
- **From 52-week high: -3.0%** (21.7% above the low). Trading within 5% of 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): 58**. An RSI of 58 is neutral.
- **Beta (1 yr): 1.17** (volatility 21%). Beta of 1.17 against the FTSE All-Share: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=AV.L · Page: https://foliofundamentals.com/stocks/av.l

Not investment advice.