Globe Life Inc. (GL) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Insurance - Life
EV/EBITDA
↑
9.07
-5% vs avg
5yr avg: 9.55
30Y Low5.6·High13.3
P/FCF
↑
9.54
+20% vs avg
5yr avg: 7.95
30Y Low3.8·High12.2
P/B Ratio
↑
2.06
-1% vs avg
5yr avg: 2.09
30Y Low1.1·High3.0
ROE
↑
20.6%
↓+12% vs avg
5yr avg: 18.3%
30Y Low9%·High27%
Debt/EBITDA
↑
1.65
↓-2% vs avg
5yr avg: 1.68
30Y Low0.8·High2.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
GL Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Globe Life Inc. trades at 10.8x earnings, 6% below its 5-year average of 11.5x, sitting at the 30th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 18%. On a free-cash-flow basis, the stock trades at 9.5x P/FCF, 20% above the 5-year average of 8.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.0B | $11.3B | $9.5B | $11.7B | $11.9B | $9.7B | $10.2B | $11.7B | $8.6B | $10.8B | $9.0B |
| Enterprise Value | $14.4B | $13.8B | $12.0B | $13.7B | $13.9B | $11.6B | $12.0B | $13.3B | $10.1B | $12.1B | $10.3B |
| P/E Ratio → | 10.84 | 9.95 | 9.34 | 12.09 | 13.34 | 12.98 | 13.92 | 15.41 | 12.26 | 7.42 | 16.43 |
| P/S Ratio | 1.99 | 1.89 | 1.64 | 2.15 | 2.28 | 1.89 | 2.15 | 2.59 | 1.99 | 2.60 | 2.29 |
| P/B Ratio | 2.06 | 1.89 | 1.78 | 2.61 | 3.02 | 1.12 | 1.16 | 1.61 | 1.59 | 1.73 | 1.98 |
| P/FCF | 9.54 | 9.02 | 7.10 | 8.19 | 8.56 | 6.91 | 7.10 | 8.87 | 6.97 | 7.66 | 6.57 |
| P/OCF | 8.56 | 8.10 | 6.74 | 7.91 | 8.39 | 6.73 | 6.90 | 8.60 | 6.72 | 7.55 | 6.45 |
P/E links to full P/E history page with 30-year chart
GL EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Globe Life Inc.'s enterprise value stands at 9.1x EBITDA, 5% below its 5-year average of 9.5x. The Financial Services sector median is 11.5x, placing the stock at a 21% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.30 | 2.08 | 2.52 | 2.66 | 2.27 | 2.53 | 2.94 | 2.35 | 2.92 | 2.63 |
| EV / EBITDA | 9.07 | 8.66 | 8.27 | 10.60 | 11.67 | 8.54 | 12.21 | 13.09 | 10.62 | 13.26 | 12.09 |
| EV / EBIT | 9.87 | 8.66 | 8.27 | 10.60 | 11.67 | 8.54 | 12.21 | 13.09 | 10.62 | 13.26 | 12.09 |
| EV / FCF | — | 11.00 | 9.03 | 9.59 | 9.98 | 8.29 | 8.37 | 10.06 | 8.22 | 8.61 | 7.53 |
GL Profitability
Margins and return-on-capital ratios measuring operating efficiency
Globe Life Inc. earns an operating margin of 24.4%, above the Financial Services sector average of 21.6%. Operating margins have expanded from 21.9% to 24.4% over the past 3 years, signaling improving operational efficiency. ROE of 20.6% indicates solid capital efficiency, compared to the sector median of 9.4%. ROIC of 13.4% represents solid returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.4% | 33.4% | 32.4% | 30.1% | 29.5% | 32.9% | 27.1% | 29.1% | 28.8% | 93.8% | 27.6% |
| Operating Margin | 24.4% | 24.4% | 23.0% | 21.9% | 21.1% | 24.9% | 18.9% | 20.6% | 20.0% | 22.2% | 19.6% |
| Net Profit Margin | 19.4% | 19.4% | 18.5% | 17.8% | 17.1% | 20.1% | 15.4% | 16.8% | 16.3% | 35.0% | 14.0% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.6% | 20.6% | 21.9% | 23.0% | 14.2% | 11.8% | 9.1% | 12.0% | 12.0% | 26.9% | 12.8% |
| ROA | 3.9% | 3.9% | 3.7% | 3.6% | 3.2% | 3.5% | 2.7% | 3.1% | 3.0% | 6.5% | 2.7% |
| ROIC | 13.4% | 13.4% | 13.8% | 14.4% | 10.0% | 9.0% | 6.9% | 8.8% | 8.9% | 10.3% | 10.4% |
| ROCE | 5.2% | 5.2% | 5.0% | 4.7% | 4.3% | 4.8% | 3.3% | 3.8% | 3.7% | 4.1% | 3.7% |
GL Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Globe Life Inc. carries a Debt/EBITDA ratio of 1.6x, which is manageable (60% below the sector average of 4.1x). Net debt stands at $2.5B ($2.6B total debt minus $145M cash). Interest coverage of 11.3x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.44 | 0.44 | 0.52 | 0.47 | 0.53 | 0.23 | 0.22 | 0.23 | 0.31 | 0.23 | 0.31 |
| Debt / EBITDA | 1.65 | 1.65 | 1.88 | 1.63 | 1.74 | 1.49 | 1.96 | 1.62 | 1.75 | 1.60 | 1.63 |
| Net Debt / Equity | — | 0.42 | 0.49 | 0.45 | 0.50 | 0.22 | 0.21 | 0.22 | 0.29 | 0.22 | 0.29 |
| Net Debt / EBITDA | 1.56 | 1.56 | 1.77 | 1.55 | 1.66 | 1.42 | 1.86 | 1.55 | 1.62 | 1.47 | 1.54 |
| Debt / FCF | — | 1.98 | 1.93 | 1.40 | 1.42 | 1.38 | 1.27 | 1.19 | 1.25 | 0.95 | 0.96 |
| Interest Coverage | 11.27 | 11.27 | 11.44 | 12.67 | 13.19 | 16.27 | 11.34 | 12.05 | 10.59 | 10.77 | 10.27 |
GL Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Globe Life Inc.'s current ratio of 9.66x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 10.83x to 9.66x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 9.66 | 9.66 | 9.48 | 10.83 | 10.66 | 8.15 | — | — | — | — | — |
| Quick Ratio | 9.66 | 9.66 | 9.48 | 10.83 | 10.66 | 8.15 | — | — | — | — | — |
| Cash Ratio | 9.14 | 9.14 | 8.99 | 10.32 | 10.15 | 7.88 | — | — | — | — | — |
| Asset Turnover | — | 0.19 | 0.20 | 0.19 | 0.20 | 0.17 | 0.16 | 0.17 | 0.19 | 0.18 | 0.18 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
GL Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Globe Life Inc. returns 8.1% to shareholders annually — split between a 0.7% dividend yield and 7.4% buyback yield. The payout ratio of 7.4% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 9.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.7% | 0.8% | 0.9% | 0.7% | 0.7% | 0.8% | 0.8% | 0.6% | 0.8% | 0.6% | 0.7% |
| Payout Ratio | 7.4% | 7.4% | 8.0% | 8.7% | 9.0% | 7.8% | 10.7% | 9.8% | 10.2% | 4.7% | 12.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 9.2% | 10.1% | 10.7% | 8.3% | 7.5% | 7.7% | 7.2% | 6.5% | 8.2% | 13.5% | 6.1% |
| FCF Yield | 10.5% | 11.1% | 14.1% | 12.2% | 11.7% | 14.5% | 14.1% | 11.3% | 14.3% | 13.1% | 15.2% |
| Buyback Yield | 7.4% | 7.8% | 10.6% | 4.4% | 3.8% | 5.6% | 4.4% | 3.9% | 4.9% | 3.8% | 4.5% |
| Total Shareholder Yield | 8.1% | 8.6% | 11.5% | 5.1% | 4.5% | 6.4% | 5.1% | 4.6% | 5.7% | 4.5% | 5.2% |
| Shares Outstanding | — | $81M | $85M | $96M | $99M | $103M | $107M | $111M | $115M | $119M | $122M |
Peer Comparison
Compare GL with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 GLYou | $12B | 10.8 | 9.1 | 9.5 | 33.4% | 24.4% | 20.6% | 13.4% | 1.6 |
 CNO | $4B | 19.5 | 14.1 | 6.4 | 44.8% | 6.5% | 8.9% | 4.0% | 7.7 |
 FGL | $32M | -111.2 | — | — | 6.9% | -6.2% | -32.3% | -11.5% | — |
 CRBG | $13B | -40.4 | 1533.1 | 6.2 | 80.9% | -18.7% | -2.8% | -1.6% | 727.1 |
 LNC | $7B | 6.2 | 2.4 | — | 57.3% | 7.3% | 12.3% | 12.0% | 4.1 |
 GNW | $4B | 16.9 | 5.7 | 10.8 | 24.3% | 6.8% | 2.3% | 3.6% | 2.9 |
 MET | $51B | 16.4 | 8.7 | 2.8 | 36.4% | 6.0% | 11.9% | 13.1% | 3.5 |
 PRU | $35B | 9.7 | 7.7 | 5.5 | 42.0% | 7.9% | 10.9% | 10.0% | 4.7 |
 AFL | $59B | 16.6 | 11.0 | 22.9 | 38.9% | 26.6% | 13.1% | 11.8% | 1.5 |
 UNM | $13B | 18.8 | 15.8 | 23.4 | 38.2% | 7.2% | 6.7% | 4.7% | 3.7 |
 PFG | $22B | 19.1 | 12.9 | 4.9 | 45.2% | 9.1% | 9.9% | 9.0% | 2.5 |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonGL — Frequently Asked Questions
Quick answers to the most common questions about buying GL stock.
What is Globe Life Inc.'s P/E ratio?
Globe Life Inc.'s current P/E ratio is 10.8x. The historical average is 12.3x. This places it at the 30th percentile of its historical range.
What is Globe Life Inc.'s EV/EBITDA?
Globe Life Inc.'s current EV/EBITDA is 9.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 9.1x.
What is Globe Life Inc.'s ROE?
Globe Life Inc.'s return on equity (ROE) is 20.6%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 14.8%.
Is GL stock overvalued?
Based on historical data, Globe Life Inc. is trading at a P/E of 10.8x. This is at the 30th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Globe Life Inc.'s dividend yield?
Globe Life Inc.'s current dividend yield is 0.70% with a payout ratio of 7.4%.
What are Globe Life Inc.'s profit margins?
Globe Life Inc. has 33.4% gross margin and 24.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Globe Life Inc. have?
Globe Life Inc.'s Debt/EBITDA ratio is 1.6x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.