The current PE ratio for Globe Life stock as of May 3, 2024 is 7.6. This is calculated based on the TTM EPS of $10.21 and the stock price of $77.55 per share. The PE ratio has decreased by 36% from its last 4 quarters average of 11.8.
The average historical PE ratio of Globe Life for the last ten years is 12.37. The current price-to-earnings ratio of 7.6 is 39% less than the historical average. Analyzing the last ten years, GL's PE ratio reached its highest point in the Sep 2017 quarter at 17.08, when the price was $80.09 and the EPS was $4.69. The lowest point was recorded in the Jun 2018 quarter, when it reached 6.24 with a price of $81.41 and an EPS of $13.04.
Maximum annual increase: 64.96% in 2018
Maximum annual decrease: -54.84% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 11.92 | -9.7% |
| 2022 | 13.2 | 42.24% |
| 2021 | 9.28 | -32.56% |
| 2020 | 13.76 | -10.71% |
| 2019 | 15.41 | 25.9% |
| 2018 | 12.24 | 64.96% |
| 2017 | 7.42 | -54.84% |
| 2016 | 16.43 | 19.58% |
| 2015 | 13.74 | 3.78% |
| 2014 | 13.24 | -3.71% |
Currently, GL's PE ratio is under its 3, 5 and 10-year averages.
The price to earnings ratio for GL stock is 7.6 as of May 3, 2024.
As an average over the last 3 years, GL stock has a PE ratio of 11.06.
As an average over the last 5 years, GL stock has a PE ratio of 11.94.
The highest quarterly PE ratio in the last ten years has been 17.08 and it was in the Sep 2017 quarter.
The current PE ratio of GL is 39% lower than the 10-year historical average.
GL's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 3, 2024), Globe Life's share price is $77.55. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $10.21. Therefore, Globe Life's price to earnings ratio for today is 7.6. PE RATIO(7.6) = STOCK PRICE($77.55) / TTM EPS($10.21)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.