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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 (2024-06-10), Globe Life's share price is $81.33. Globe Life's Book Value per Share for the quarter that ended in Mar. 2024 was $53.56. Hence, Globe Life's PB Ratio of today is 1.52.
The historical rank and industry rank for Globe Life's PB Ratio or its related term are showing as below:
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.
During the past 12 months, Globe Life's average Book Value Per Share Growth Rate was 33.30% 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.
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.
Globe Life Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
PB Ratio | Get a 7-Day Free Trial | 1.55 | 1.12 | 1.08 | 2.95 | 2.54 |
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 | 2.74 | 2.62 | 2.22 | 2.54 | 2.17 |
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.
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.
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: Mar. 2024) |
= | 81.33 | / | 53.564 | |
= | 1.52 |
* 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:
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 (NYSE:GL) 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.
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.
Jennifer Allison Haworth | officer: EVP & Chief Marketing Officer | 3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070 |
Melissa Jane Buchan | director | 1920 MAIN STREET, SUITE 500, IRVINE CA 92614 |
Dolores L Skarjune | officer: EVP & Chief Admin. Officer | 3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070 |
Rebecca E Zorn | officer: EVP & Chief Talent Officer | 3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070 |
Michael Clay Majors | officer: EVP - Investor Rel. & Admin. | UNITED AMERICAN INSURANCE COMPANY, 3700 SOUTH STONEBRIDGE DRIVE, MCKINNEY TX 75070 |
Frank M Svoboda | officer: EVP & CFO | 3340 PECAN HOLLOW CT, GRAPEVINE TX 76051 |
James Matthew Darden | officer: EVP, Chief Strategy Officer | 2904 BELCLAIRE DRIVE, FRISCO TX 75034 |
Michael Shane Henrie | officer: SVP & Chief Accounting Officer | UNITED AMERICAN INSURANCE COMPANY, 3700 SOUTH STONEBRIDGE DRIVE, MCKINNEY TX 75070 |
Robert Brian Mitchell | officer: EVP, General Counsel and CRO | 3120 HARVEY PKWY, OKLAHOMA CITY OK 73118 |
Cheryl Alston | director | 3700 S. STONEBRIDGE DRIVE, MCKINNEY TX 75070 |
David A Rodriguez | director | 10400 FERNWOOD ROAD, BETHESDA MD 20817 |
Alice S Cho | director | P.O. BOX 30918, BILLINGS MT 59116-0918 |
Steven John Dichiaro | other: Exec. Officer of Principal Sub | 2152 SEVEN LAKES DR, LOVELAND CO 80538 |
Gary L Coleman | director, officer: Co-Chairman & CEO | |
Larry M Hutchison | director, officer: Co-Chaiman & CEO | P O BOX 8080, MCKINNEY TX 75010 |
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