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 |
|---|---|---|
| 2021 | 12.8 | -6.58% |
| 2020 | 13.7 | -9.12% |
| 2019 | 15.1 | 26.2% |
| 2018 | 12.0 | 66.18% |
| 2017 | 7.21 | -55.23% |
| 2016 | 16.1 |
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.