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Globe Life (STU:TMJ) Cyclically Adjusted PS Ratio : 1.73 (As of May. 29, 2024)


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What is Globe Life Cyclically Adjusted PS Ratio?

As of today (2024-05-29), Globe Life's current share price is €76.50. Globe Life's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €44.25. Globe Life's Cyclically Adjusted PS Ratio for today is 1.73.

The historical rank and industry rank for Globe Life's Cyclically Adjusted PS Ratio or its related term are showing as below:

STU:TMJ' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.23   Med: 2.7   Max: 3.6
Current: 1.74

During the past years, Globe Life's highest Cyclically Adjusted PS Ratio was 3.60. The lowest was 1.23. And the median was 2.70.

STU:TMJ's Cyclically Adjusted PS Ratio is ranked worse than
73.67% of 395 companies
in the Insurance industry
Industry Median: 1.03 vs STU:TMJ: 1.74

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Globe Life's adjusted revenue per share data for the three months ended in Mar. 2024 was €11.388. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €44.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Globe Life Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Globe Life's Cyclically Adjusted PS Ratio 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.

* Premium members only.

Globe Life Cyclically Adjusted PS Ratio Chart

Globe Life Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.40 2.81 2.42 2.78 2.59

Globe Life Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.48 2.42 2.35 2.59 2.42

Competitive Comparison of Globe Life's Cyclically Adjusted PS Ratio

For the Insurance - Life subindustry, Globe Life's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Globe Life's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Globe Life's Cyclically Adjusted PS Ratio falls into.



Globe Life Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Globe Life's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=76.50/44.25
=1.73

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Globe Life's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=11.388/131.7762*131.7762
=11.388

Current CPI (Mar. 2024) = 131.7762.

Globe Life Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 5.471 100.560 7.169
201409 5.734 100.428 7.524
201412 3.926 99.070 5.222
201503 6.715 99.621 8.882
201506 6.646 100.684 8.698
201509 6.690 100.392 8.781
201512 6.868 99.792 9.069
201603 7.119 100.470 9.337
201606 7.192 101.688 9.320
201609 7.234 101.861 9.359
201612 7.616 101.863 9.853
201703 7.947 102.862 10.181
201706 7.690 103.349 9.805
201709 7.410 104.136 9.377
201712 7.569 104.011 9.589
201803 7.436 105.290 9.307
201806 8.029 106.317 9.952
201809 8.079 106.507 9.996
201812 8.321 105.998 10.345
201903 8.818 107.251 10.834
201906 8.966 108.070 10.933
201909 9.343 108.329 11.365
201912 9.236 108.420 11.226
202003 9.396 108.902 11.370
202006 9.788 108.767 11.859
202009 9.482 109.815 11.378
202012 9.550 109.897 11.451
202103 10.148 111.754 11.966
202106 10.122 114.631 11.636
202109 10.686 115.734 12.167
202112 11.326 117.630 12.688
202203 11.798 121.301 12.817
202206 12.351 125.017 13.019
202209 13.349 125.227 14.047
202212 12.778 125.222 13.447
202303 10.431 127.348 10.794
202306 12.720 128.729 13.021
202309 13.535 129.860 13.735
202312 13.596 129.419 13.844
202403 11.388 131.776 11.388

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Globe Life  (STU:TMJ) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Globe Life Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Globe Life's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Globe Life (STU:TMJ) Business Description

Traded in Other Exchanges
Address
3700 South Stonebridge Drive, McKinney, TX, USA, 75070
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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