Think of Enterprise Value as 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, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Globe Life's Enterprise Value is $9,356 Mil.
Globe Life's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $1,341 Mil. Therefore, Globe Life's EV-to-EBIT ratio for today is 6.98.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Globe Life's Enterprise Value is $9,356 Mil.
Globe Life's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $1,341 Mil. Therefore, Globe Life's EV-to-EBITDA ratio for today is 6.98.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Globe Life's Enterprise Value is $9,356 Mil.
Globe Life's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $5,542 Mil. Therefore, Globe Life's EV-to-Revenue ratio for today is 1.69.
Globe Life Enterprise Value Historical Data
The historical data trend for Globe Life's Enterprise Value 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.
Competitive Comparison of Globe Life's Enterprise Value
For the Insurance - Life subindustry, Globe Life's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Globe Life's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Globe Life's Enterprise Value falls into.
Globe Life Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Globe Life's Enterprise Value 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) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Globe Life's current Enterprise Value is $9,356 Mil.
Globe Life's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,341 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Globe Life's current Enterprise Value is $9,356 Mil.
Globe Life's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,341 Mil.
Globe Life's current Enterprise Value is $9,356 Mil.
Globe Life's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,542 Mil.
* 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 Enterprise Value Related Terms
Thank you for viewing the detailed overview of Globe Life's Enterprise Value 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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