Back to GL overview

GL Globe Life PE ratio, current and historical analysis

The current PE ratio for Globe Life stock as of May 20, 2024 is 8.11. This is calculated based on the TTM EPS of $10.61 and the stock price of $86.01 per share. The PE ratio has decreased by 30% from its last 4 quarters average of 11.5.

GL PE ratio history

How has GL's PE ratio performed in the past

The average historical PE ratio of Globe Life for the last ten years is 12.33. The current price-to-earnings ratio of 8.11 is 34% 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.

Average
12.33
Median
12.94
Minimum
6.24
Maximum
17.08

Globe Life PE ratio by year

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%

GL average PE ratio chart

What is the average PE ratio of GL for the past years

Currently, GL's PE ratio is under its 3, 5 and 10-year averages.

3-year avg
11.05
5-year avg
11.9
10-year avg
12.33
15-year avg
11.61

GL PE vs peers

What is GL's PE ratio compared to its peers

GL's PE ratio is below its peer stock PRI.

Stock name PE ratio Market cap
GL Globe Life Inc 7.8 $7.64B
PRI Primerica Inc 14.07 $7.96B

Frequently asked questions

What is Globe Life's PE ratio?

The price to earnings ratio for GL stock is 8.11 as of May 20, 2024.

What is the 3-year average PE ratio for Globe Life (GL)?

As an average over the last 3 years, GL stock has a PE ratio of 11.05.

What is the 5-year average PE ratio for Globe Life (GL)?

As an average over the last 5 years, GL stock has a PE ratio of 11.9.

What is the highest PE ratio for GL?

The highest quarterly PE ratio in the last ten years has been 17.08 and it was in the Sep 2017 quarter.

How does the current PE ratio for GL compare to its historical average?

The current PE ratio of GL is 34% lower than the 10-year historical average.

Why is Globe Life's PE ratio so low?

GL's PE ratio is low because its earnings per share (EPS) is high relative to its stock price.

How is GL's PE ratio calculated (Globe Life PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 20, 2024), Globe Life's share price is $86.01. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $10.61. Therefore, Globe Life's price to earnings ratio for today is 8.11. PE RATIO(8.11) = STOCK PRICE($86.01) / TTM EPS($10.61)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.