The current PE ratio for Globe Life stock as of Sep 28, 2023 is 12.73. This is calculated based on the TTM EPS of $8.67 and the stock price of $110.34 per share. The PE ratio has decreased by 4.3% from its last 4 quarters average of 13.3.
The average historical PE ratio of Globe Life for the last ten years is 12.89. The current price-to-earnings ratio of 12.73 is in line with 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 |
|---|---|---|
| 2022 | 15.97 | 24.38% |
| 2021 | 12.84 | -6.69% |
| 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% |
| 2013 | 13.75 | 45.66% |
Currently, GL's PE ratio is above its 5-year average, but it is under its 3 and 10-year averages.
GL's PE ratio is below its peer stock PRI.
| Stock name | PE ratio | Market cap |
|---|---|---|
| GL Globe Life Inc | 12.69 | $10.43B |
| PRI Primerica Inc | 15.97 | $7B |
The price to earnings ratio for GL stock is 12.73 as of Sep 28, 2023.
As an average over the last 3 years, GL stock has a PE ratio of 12.88.
As an average over the last 5 years, GL stock has a PE ratio of 12.62.
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 1.2% lower than the 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Sep 28, 2023), Globe Life's share price is $110.34. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $8.67. Therefore, Globe Life's price to earnings ratio for today is 12.73. PE RATIO(12.73) = STOCK PRICE($110.34) / TTM EPS($8.67)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.