Globe LifeGL +0.23%89 Graham Number is $153.08 as of Mar. 2026, which is 15056% above its 10-year median of 1.01. GuruFocus rates GL with a GF Score™ of 89/100 and a GF Value™ of $150.01 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 428 Insurance companies, Globe Life ranks worse than 65.89% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
As of today (2026-07-04), the stock price of Globe Life is $180.49. Globe Life's graham number for the quarter that ended in Mar. 2026 was $153.08. Therefore, Globe Life's Price to Graham Number ratio for today is 1.18.
The historical rank and industry rank for Globe Life's Graham Number or its related term are showing as below:
GL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.71 Med: 1.01 Max: 1.4
Current: 1.18
During the past 13 years, the highest Price to Graham Number ratio of Globe Life was 1.40. The lowest was 0.71. And the median was 1.01.
GL's Price-to-Graham-Number is ranked worse than 65.89% of 428
companies
in the Insurance industry
Industry Median: 0.945
vs GL: 1.18
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Globe Life (NYSE:GL) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Globe Life's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
180.49
/
153.08
=
1.18
* 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.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Globe Life Graham Number Related Terms
Globe Life Graham Number Historical Data
* Premium members only.
The historical data trend for Globe Life's Graham Number 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 Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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 Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, Globe Life's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Globe Life's Price-to-Graham-Number falls into.
* 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 (GL) has a Graham Number of $153.08 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Globe Life and its competitors. This is 15056% above median its historical median of 1.01. Over the past decade, Globe Life's Graham Number has ranged from 0.71 to 1.40. According to the industry distribution chart, Globe Life ranks #282 out of 428 companies in the Insurance industry, placing it in the top 65.9%.
Is Globe Life's Graham Number too high?
Globe Life's current Graham Number of $153.08 is 15056% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 1.40. The Insurance industry median Graham Number is 0.95. Globe Life's value of $153.08 is 16098.9% above this industry median. Based on the distribution chart, Globe Life ranks #282 out of 428 companies in the Insurance industry, which is below the industry midpoint. Overall, Globe Life has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Globe Life's Graham Number compare to UNM and PRI?
According to the Insurance industry distribution chart, Globe Life ranks #282 out of 428 companies for Graham Number. This places Globe Life in the lower half of its industry. The industry median Graham Number is 0.95. Globe Life's value of $153.08 is 16098.9% above this benchmark. Historically, Globe Life's own Graham Number has ranged from 0.71 to 1.40 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.95, Globe Life has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for an Insurance company?
The median Graham Number among Insurance companies is 0.95, based on 428 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Globe Life's current Graham Number of $153.08 is 16098.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Globe Life and its competitors. For the Insurance industry, the median Graham Number is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Globe Life's current Graham Number is $153.08, which is 15056% above median its own 10-year median of 1.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Globe Life stock overvalued right now?
Based on GuruFocus' analysis, Globe Life (GL) is currently considered Modestly Overvalued. The stock's GF Value™ is $150.01, compared to a current price of $180.49 — trading 20.3% above its estimated fair value. The current Graham Number is $153.08, which is 15056% above median its 10-year median of 1.01 and 16098.9% above the Insurance industry median of 0.95. Globe Life's overall GF Score™ is 89/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Globe Life (GL), the current Graham Number is $153.08 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 Globe Life (GL) Overvalued in 2026?
Based on GuruFocus' analysis, Globe Life stock appears to be overvalued.
The current stock price of $180.49 is trading 20.3% above its estimated GF Value™ of $150.01.
GuruFocus considers Globe Life to be Modestly Overvalued.
Key valuation signals for GL:
Graham Number: $153.08 (15056% above median its 10-year median of 1.01)
GF Value™: $150.01 vs. price of $180.49 (20.3% above fair value)
Industry Position: 16098.9% above the Insurance median (#282 of 428)
No single metric tells the full story. See the GL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 three reportable segments: life insurance, supplemental health insurance 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.
89GF Score
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