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 (2024-04-24), Globe Life's share price is $78.60. Globe Life's Book Value per Share for the quarter that ended in Dec. 2023 was $47.84. Hence, Globe Life's PB Ratio of today is 1.64.
The historical rank and industry rank for Globe Life's PB Ratio or its related term are showing as below:
GL'
s PB Ratio Range Over the Past 10 Years
Min: 0.91 Med: 1.64 Max: 3.02
Current: 1.64
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.
GL's PB Ratio is ranked worse than 64.12% of 485
companies
in the Insurance industry
Industry Median: 1.21
vs GL: 1.64
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.
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:
* 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.
It can also be calculated from the numbers for the whole company:
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.
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 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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
GL has been successfully added to your 