Globe Life (BSP:G1LL34) PB Ratio : 1.76 (As of Apr. 26, 2024)

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What is Globe Life PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-26), Globe Life's share price is R$20.60. Globe Life's Book Value per Share for the quarter that ended in Dec. 2023 was R$11.72. Hence, Globe Life's PB Ratio of today is 1.76.

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

BSP:G1LL34' s PB Ratio Range Over the Past 10 Years
Min: 0.91 Med: 1.64 Max: 3.02
Current: 1.58

During the past 13 years, Globe Life's highest PB Ratio was 3.02. The lowest was 0.91. And the median was 1.64.

BSP:G1LL34's PB Ratio is ranked worse than
63.98% of 483 companies
in the Insurance industry
Industry Median: 1.21 vs BSP:G1LL34: 1.58

During the past 12 months, Globe Life's average Book Value Per Share Growth Rate was 17.20% per year. During the past 3 years, the average Book Value Per Share Growth Rate was -17.30% per year. During the past 5 years, the average Book Value Per Share Growth Rate was -4.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 7.30% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Globe Life was 37.30% per year. The lowest was -17.30% per year. And the median was 11.20% per year.

Back to Basics: PB Ratio

Globe Life PB Ratio Historical Data

The historical data trend for Globe Life's PB 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 PB Ratio Chart

Globe Life Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

PB Ratio

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1.12

1.11

2.94

2.47

Globe Life Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
PB Ratio	Get a 7-Day Free Trial															2.99	2.58	2.22	2.47	-

Competitive Comparison of Globe Life's PB Ratio

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

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

* The bar in red indicates where Globe Life's PB Ratio falls into.

Globe Life PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Globe Life's PB Ratio for today is calculated as follows:

PB Ratio	=	Share Price	/	Book Value per Share (Q: Dec. 2023)
	=	20.60	/	11.72
	=	1.76

It can also be calculated from the numbers for the whole company:

PB Ratio

Market Cap

(Total Stockholders Equity

Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Globe Life (BSP:G1LL34) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Globe Life PB Ratio Related Terms

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

Globe Life (BSP:G1LL34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Globe Life Inc (BSP:G1LL34) » Definitions » PB Ratio

Comparable Companies

Traded in Other Exchanges

GL:USA

Address

3700 South Stonebridge Drive, McKinney, TX, USA, 75070

Website

https://www.globelifeinsurance.com

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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