Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Globe Life's share price for the quarter that ended in Mar. 2024 was $116.37. Globe Life's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 94 Mil. Therefore, Globe Life's market cap for the quarter that ended in Mar. 2024 was $10,948 Mil.
Globe Life's quarterly market cap
increased
from Sep. 2023 ($10,250 Mil) to Dec. 2023 ($11,416 Mil) but then
declined
from Dec. 2023 ($11,416 Mil) to Mar. 2024 ($10,948 Mil).
Globe Life's annual market cap
increased
from Dec. 2021 ($9,331 Mil) to Dec. 2022 ($11,662 Mil) but then
declined
from Dec. 2022 ($11,662 Mil) to Dec. 2023 ($11,416 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Globe Life's Enterprise Value for Today is $9,832 Mil.
Globe Life Market Cap Historical Data
The historical data trend for Globe Life's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Insurance - Life subindustry, Globe Life's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Globe Life's Market Cap Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Globe Life's Market Cap distribution charts can be found below:
* The bar in red indicates where Globe Life's Market Cap falls into.
Globe Life Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Globe Life's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Globe Life (NYSE:GL) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Globe Life Market Cap Related Terms
Thank you for viewing the detailed overview of Globe Life's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.
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