Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Globe LifeGL -0.73%85 Price-to-Tangible-Book is 2.34 as of Sep. 22, 2026. GuruFocus rates GL with a GF Score™ of 85/100 and a GF Value™ of $152.85 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 469 Insurance companies, Globe Life ranks worse than 70.79% on this metric.
As of today (2026-09-22), Globe Life's share price is $172.16. Globe Life's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was $73.53. Hence, Globe Life's Price to Tangible Book Ratio of today is 2.34.
The historical rank and industry rank for Globe Life's Price-to-Tangible-Book or its related term are showing as below:
GL'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.07 Med: 1.92 Max: 3.36
Current: 2.34
During the past 13 years, Globe Life's highest Price to Tangible Book Ratio was 3.36. The lowest was 1.07. And the median was 1.92.
GL's Price-to-Tangible-Book is ranked worse than 70.79% of 469
companies
in the Insurance industry
Industry Median: 1.52
vs GL: 2.34
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Globe Life Price-to-Tangible-Book Related Terms
Globe Life Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Globe Life's Price-to-Tangible-Book 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.
GL vs UNM, JXN, PRI: Price-to-Tangible-Book Comparison
For the Insurance - Life subindustry, Globe Life's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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-Tangible-Book vs Insurance Industry
For the Insurance industry and Financial Services sector, Globe Life's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Globe Life's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Globe Life (GL) has a Price-to-Tangible-Book of 2.34 as of Sep. 22, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Globe Life and its competitors. According to the industry distribution chart, Globe Life ranks #332 out of 469 companies in the Insurance industry, placing it in the top 70.8%.
Is Globe Life's Price-to-Tangible-Book too high?
Globe Life's current Price-to-Tangible-Book is 2.34. The Insurance industry median Price-to-Tangible-Book is 1.52. Globe Life's value of 2.34 is 53.9% above this industry median. Based on the distribution chart, Globe Life ranks #332 out of 469 companies in the Insurance industry, which is below the industry midpoint. Overall, Globe Life has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Globe Life's Price-to-Tangible-Book compare to UNM and JXN?
According to the Insurance industry distribution chart, Globe Life ranks #332 out of 469 companies for Price-to-Tangible-Book. This places Globe Life in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.52. Globe Life's value of 2.34 is 53.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Insurance company?
The median Price-to-Tangible-Book among Insurance companies is 1.52, based on 469 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Globe Life's current Price-to-Tangible-Book of 2.34 is 53.9% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Globe Life and its competitors. For the Insurance industry, the median Price-to-Tangible-Book is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Globe Life's current Price-to-Tangible-Book is 2.34. 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 $152.85, compared to a current price of $172.16 — trading 12.6% above its estimated fair value. The current Price-to-Tangible-Book is 2.34 and 53.9% above the Insurance industry median of 1.52. Globe Life's overall GF Score™ is 85/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Globe Life (GL), the current Price-to-Tangible-Book is 2.34 as of Sep. 22, 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 $172.16 is trading 12.6% above its estimated GF Value™ of $152.85.
GuruFocus considers Globe Life to be Modestly Overvalued.
Key valuation signals for GL:
Price-to-Tangible-Book: 2.34
GF Value™: $152.85 vs. price of $172.16 (12.6% above fair value)
Industry Position: 53.9% above the Insurance median (#332 of 469)
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.
85GF Score
Get the complete analysis for GL
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
GL has been successfully added to your 
