China Life Insurance Co (SHSE:601628) E10: ¥2.11 (As of Mar. 2026)


SHSE:601628 China Life Insurance Co Ltd SHSE:601628
50 GF Score
Price ¥38.66
GF Value ¥46.34
Valuation Modestly Undervalued
! 2 Warning Signs
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What is China Life Insurance Co E10?

China Life Insurance Co SHSE:601628 +0.39% 50 E10 is ¥2.11 as of Mar. 2026. GuruFocus rates SHSE:601628 with a GF Score™ of 50/100 and a GF Value™ of ¥46.34 (Modestly Undervalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

China Life Insurance Co's adjusted earnings per share data for the three months ended in Mar. 2026 was ¥0.690. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ¥2.11 for the trailing ten years ended in Mar. 2026.

During the past 12 months, China Life Insurance Co's average E10 Growth Rate was 24.90% per year. During the past 3 years, the average E10 Growth Rate was 16.00% per year. During the past 5 years, the average E10 Growth Rate was 12.10% per year. During the past 10 years, the average E10 Growth Rate was 6.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of China Life Insurance Co was 16.00% per year. The lowest was -1.30% per year. And the median was 7.05% per year.

As of today (2026-07-04), China Life Insurance Co's current stock price is ¥38.66. China Life Insurance Co's E10 for the quarter that ended in Mar. 2026 was ¥2.11. China Life Insurance Co's Shiller PE Ratio of today is 18.32.

During the past 13 years, the highest Shiller PE Ratio of China Life Insurance Co was 43.54. The lowest was 15.55. And the median was 24.70.


China Life Insurance Co  (SHSE:601628) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

China Life Insurance Co's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=38.66/2.11
=18.32

* 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.

During the past 13 years, the highest Shiller P/E Ratio of China Life Insurance Co was 43.54. The lowest was 15.55. And the median was 24.70.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


China Life Insurance Co E10 Related Terms


China Life Insurance Co E10 Historical Data

* Premium members only.

The historical data trend for China Life Insurance Co's E10 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.

China Life Insurance Co E10 Chart

China Life Insurance Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.23 1.32 1.39 1.64 2.06

China Life Insurance Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 1.69 1.65 2.10 2.06 2.11

SHSE:601628 vs AFL, MET, PRU: E10 Comparison

For the Insurance - Life subindustry, China Life Insurance Co's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


China Life Insurance Co Shiller PE Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, China Life Insurance Co's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where China Life Insurance Co's Shiller PE Ratio falls into.


SHSE:601628
50GF Score
China Life Insurance Co Ltd SHSE:601628
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

China Life Insurance Co E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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.

For example, China Life Insurance Co's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.69/116.3000*116.3000
=0.690

Current CPI (Mar. 2026) = 116.3000.

China Life Insurance Co Quarterly Data

per share eps CPI Adj_EPS
201606 0.180 101.400 0.206
201609 0.110 102.400 0.125
201612 0.190 102.600 0.215
201703 0.210 103.200 0.237
201706 0.220 103.100 0.248
201709 0.510 104.100 0.570
201712 0.190 104.500 0.211
201803 0.480 105.300 0.530
201806 0.090 104.900 0.100
201809 0.120 106.600 0.131
201812 -0.300 106.500 -0.328
201903 0.920 107.700 0.993
201906 0.400 107.700 0.432
201909 0.710 109.800 0.752
201912 0.020 111.200 0.021
202003 0.600 112.300 0.621
202006 0.470 110.400 0.495
202009 0.590 111.700 0.614
202012 0.110 111.500 0.115
202103 1.010 112.662 1.043
202106 0.440 111.769 0.458
202109 0.270 112.215 0.280
202112 0.080 113.108 0.082
202203 0.540 114.335 0.549
202206 0.360 114.558 0.365
202209 0.200 115.339 0.202
202212 0.040 115.116 0.040
202303 0.810 115.116 0.818
202306 0.410 114.558 0.416
202309 0.130 115.339 0.131
202312 0.460 114.781 0.466
202403 0.730 115.227 0.737
202406 0.620 114.781 0.628
202409 2.350 115.785 2.360
202412 0.080 114.893 0.081
202503 1.020 115.116 1.030
202506 0.430 114.907 0.435
202509 4.490 115.470 4.522
202512 -0.490 115.830 -0.492
202603 0.690 116.300 0.690

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of ¥2.11 mean?
China Life Insurance Co (SHSE:601628) has a E10 of ¥2.11 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on China Life Insurance Co and its competitors.
Is China Life Insurance Co's E10 too high?
China Life Insurance Co's current E10 is ¥2.11. Overall, China Life Insurance Co has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China Life Insurance Co's E10 compare to AFL and MET?
China Life Insurance Co's E10 of ¥2.11 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Insurance company?
A good E10 depends on the Insurance industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on China Life Insurance Co and its competitors. China Life Insurance Co's current E10 is ¥2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Life Insurance Co stock overvalued right now?
Based on GuruFocus' analysis, China Life Insurance Co (SHSE:601628) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥46.34, compared to a current price of ¥38.66 — trading 16.6% below its estimated fair value. The current E10 is ¥2.11. China Life Insurance Co's overall GF Score™ is 50/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For China Life Insurance Co (SHSE:601628), the current E10 is ¥2.11 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Life Insurance Co (SHSE:601628) Overvalued in 2026?

Based on GuruFocus' analysis, China Life Insurance Co stock appears to be undervalued. The current stock price of ¥38.66 is trading 16.6% below its estimated GF Value™ of ¥46.34. GuruFocus considers China Life Insurance Co to be Modestly Undervalued.

Key valuation signals for SHSE:601628:

  • E10: ¥2.11
  • GF Value™: ¥46.34 vs. price of ¥38.66 (16.6% below fair value)
  • GF Score™: 50/100 with 2 warning signs

No single metric tells the full story. See the SHSE:601628 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China Life Insurance Co Business Description

Address 16, Financial Street, Xicheng District, Beijing, CHN, 100033
As the largest life insurance company in China, China Life commands about 16% market share by end-2024. The firm offers group and individual life insurance through exclusive agents, bancassurance, and other marketing platforms. While the bulk of profits stem from life insurance policies, additional operations include short-term policies such as accident and health insurance. The company is focusing on building a senior-care ecosystem and reforming a new agent team for long-term growth.
50GF Score

Get the complete analysis for SHSE:601628

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥38.66
Price
¥46.34
GF Value