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Globe Life
GL
#1405
Rank
$10.62 B
Marketcap
$109.58
Share price
0.31%
Change (1 day)
6.50%
Change (1 year)
Globe Life is a financial services holding company providing life insurance, annuity, and supplemental health insurance products.

P/E ratio for Globe Life (GL)

P/E ratio as of March 2023 (TTM): 14.5

According to Globe Life 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.4907. At the end of 2021 the company had a P/E ratio of 12.8.

P/E ratio history for Globe Life from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202112.8-6.58%
202013.7-9.12%
201915.126.2%
201812.066.18%
20177.21-55.23%
201616.1

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.