Latest Ratios: P/E Ratio -170.4x · EV/EBITDA N/A · ROE N/A. (2023–2023 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2023 |
|---|---|---|
| Market Cap | — | — |
| Enterprise Value | — | — |
| P/E Ratio → | -170.36 | — |
| P/S Ratio | — | — |
| P/B Ratio | — | — |
| P/FCF | — | — |
| P/OCF | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2023 |
|---|---|---|
| EV / Revenue | — | — |
| EV / EBITDA | — | — |
| EV / EBIT | — | — |
| EV / FCF | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2023 |
|---|---|---|
| Gross Margin | 120.2% | 120.2% |
| Operating Margin | 0.0% | 0.0% |
| Net Profit Margin | — | — |
| Metric | TTM | FY 2023 |
|---|---|---|
| ROE | — | — |
| ROA | — | — |
| ROIC | -0.0% | -0.0% |
| ROCE | -0.0% | -0.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2023 |
|---|---|---|
| Debt / Equity | — | — |
| Debt / EBITDA | — | — |
| Net Debt / Equity | — | -0.04 |
| Net Debt / EBITDA | -5.35 | -5.35 |
| Debt / FCF | — | -0.05 |
| Interest Coverage | -0.04 | -0.04 |
Net cash position: cash ($47M) exceeds total debt ($0)
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2023 |
|---|---|---|
| Current Ratio | 1.38 | 1.38 |
| Quick Ratio | 1.38 | 1.38 |
| Cash Ratio | 0.07 | 0.07 |
| Asset Turnover | — | -2.09 |
| Inventory Turnover | — | — |
| Days Sales Outstanding | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2023 |
|---|---|---|
| Dividend Yield | — | — |
| Payout Ratio | — | — |
| Metric | TTM | FY 2023 |
|---|---|---|
| Earnings Yield | — | — |
| FCF Yield | — | — |
| Buyback Yield | — | — |
| Total Shareholder Yield | — | — |
| Shares Outstanding | — | $0 |
Parental liquidity dependency risk
As reported in financial statements, AEFC's P/E ratio of -170.36 reflects significant mark-to-market derivative losses rather than operational performance, rendering traditional equity valuation multiples largely meaningless for an entity that functions primarily as a captive treasury conduit for its parent company's broader insurance operations.
The negative P/E multiple is an accounting artifact of the entity's hedging strategy, which obscures the underlying economic value of its funding activities. Investors should monitor the parent's credit spreads rather than AEFC's earnings multiples, as the latter are inherently volatile and do not represent independent profit-generating capacity.
Based on reported figures, the entity's gross margin of 120.16% serves as a misleading indicator of profitability, as it is heavily influenced by non-operating gains and intercompany reimbursements that mask the true cost of capital and the underlying efficiency of its treasury operations.
The absence of a meaningful operating margin suggests that administrative costs are likely absorbed by the parent, making standalone profitability analysis an unreliable metric. True earning power for this entity is better assessed by its ability to minimize the cost of carry for Aegon N.V.'s US-based liabilities.
According to recent financial disclosures, AEFC maintains a cash position of only $47 million, a level that appears critically low relative to its massive negative revenue and derivative obligations, suggesting a high reliance on immediate parental support to maintain its ongoing liquidity and operational solvency.
This thin liquidity buffer warrants further investigation into the maturity ladder of the entity's debt, as any disruption in market access or parental support could lead to immediate funding stress. The entity's liquidity profile is effectively a reflection of the parent's creditworthiness rather than its own independent financial strength.
As noted in industry research, the most commonly misapplied metric for AEFC is the net profit margin, which fails to account for the entity's role as a hedging vehicle, thereby obscuring the fact that reported losses may actually represent successful risk mitigation for the parent company.
Analysts should prioritize tracking the entity's cost of debt issuance and its ability to maintain access to commercial paper markets instead of traditional profitability ratios. Using standard margin analysis on a captive funding vehicle leads to a fundamental misunderstanding of its role as a structural liquidity provider.
Includes 30+ ratios · 1 years · Updated daily
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Quick answers to the most common questions about buying AEFC stock.
Aegon Funding Company LLC's current P/E ratio is -170.4x. This places it at the 50th percentile of its historical range.
Based on historical data, Aegon Funding Company LLC is trading at a P/E of -170.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Aegon Funding Company LLC has 120.2% gross margin and 0.0% operating margin.