Globe Life Inc. (GL) Key Metrics
GL valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $12.97B
- Enterprise value
- $15.65B
- P/E (TTM)
- 11.2 10-yr median 12.6
- Forward P/E
- 10.2
- PEG ratio
- 1.30
- Price / sales
- 2.1 10-yr median 2.2
- Price / book
- 2.1 10-yr median 1.8
- EV / EBITDA
- —
- Dividend yield
- 0.78% $1.32 a year
- Beta
- 0.44
GL key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGL valuation Price multiples at each fiscal year-end price.
GL returns How much profit the business earns on the capital it uses.
GL per-share figures Results divided by the shares outstanding at year-end.
GL financial health Debt, liquidity and how easily interest is covered.
GL efficiency & capital use Working capital cycle and where the cash goes.
GL valuation history
GL returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GL debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GL cash returned to shareholders
GL price vs earnings per share
GL key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $11.31B | $9.45B | $11.73B | $11.93B | $9.67B | $10.18B | $11.72B | $8.59B | $10.79B | $9.03B |
| Enterprise value | −$4.12B | −$5.21B | −$4.21B | −$2.70B | −$9.77B | −$9.31B | −$5.65B | −$6.23B | −$4.96B | −$4.97B |
| P/E ratio | 9.7 | 8.8 | 12.1 | 16.1 | 13.0 | 13.9 | 15.4 | 12.3 | 7.4 | 16.4 |
| Price / sales | 1.9 | 1.6 | 2.2 | 2.3 | 1.9 | 2.1 | 2.6 | 2.0 | 2.6 | 2.3 |
| Price / book | 1.9 | 1.8 | 2.6 | 3.0 | 1.1 | 1.2 | 1.6 | 1.6 | 1.7 | 2.0 |
| Price / free cash flow | 9.0 | 7.1 | 8.2 | 8.6 | 6.9 | 7.1 | 8.9 | 7.0 | 7.7 | 6.6 |
| Price / operating cash flow | 8.1 | 6.7 | 7.9 | 8.4 | 6.7 | 6.9 | 8.6 | 6.7 | 7.6 | 6.5 |
| EV / sales | -0.7 | -0.9 | -0.8 | -0.5 | -1.9 | -2.0 | -1.2 | -1.4 | -1.2 | -1.3 |
| Earnings yield | 10.3% | 11.3% | 8.3% | 6.2% | 7.7% | 7.2% | 6.5% | 8.2% | 13.5% | 6.1% |
| Free cash flow yield | 11.1% | 14.1% | 12.2% | 11.7% | 14.5% | 14.1% | 11.3% | 14.3% | 13.1% | 15.2% |
| Dividend yield | 0.8% | 0.9% | 0.7% | 0.7% | 0.8% | 0.8% | 0.6% | 0.8% | 0.6% | 0.7% |
| Shareholder yield (dividends + buybacks) | 8.6% | 11.5% | 5.1% | 4.5% | 6.4% | 5.1% | 4.6% | 5.7% | 4.5% | 5.2% |
| Share price at fiscal year-end | $139.86 | $111.52 | $121.72 | $120.55 | $93.72 | $94.96 | $105.25 | $74.53 | $90.71 | $73.76 |
| Per share | ||||||||||
| Revenue per share | $74.19 | $68.18 | $56.53 | $52.68 | $49.56 | $44.19 | $40.65 | $37.35 | $34.93 | $32.15 |
| Earnings per share | $14.36 | $12.63 | $10.07 | $7.47 | $7.22 | $6.82 | $6.83 | $6.08 | $12.22 | $4.49 |
| Operating cash flow per share | $17.27 | $16.55 | $15.38 | $14.37 | $13.94 | $13.77 | $12.25 | $11.09 | $12.01 | $11.43 |
| Free cash flow per share | $15.51 | $15.71 | $14.87 | $14.09 | $13.56 | $13.38 | $11.87 | $10.69 | $11.84 | $11.22 |
| Cash per share | $223.23 | $205.38 | $187.36 | $168.81 | $208.07 | $199.73 | $170.78 | $143.01 | $144.68 | $125.80 |
| Book value per share | $73.90 | $62.60 | $46.56 | $39.90 | $83.77 | $81.80 | $65.49 | $46.99 | $52.37 | $37.32 |
| Tangible book value per share | −$18.74 | −$19.83 | −$20.80 | −$20.89 | $31.47 | $73.56 | $57.56 | $7.25 | $15.40 | $2.80 |
| Dividends per share | $1.06 | $1.01 | $0.87 | $0.81 | $0.78 | $0.73 | $0.67 | $0.62 | $0.58 | $0.55 |
| Capex per share | $1.76 | $0.84 | $0.51 | $0.28 | $0.37 | $0.39 | $0.38 | $0.39 | $0.17 | $0.21 |
| Debt per share | $32.47 | $32.33 | $21.96 | $20.98 | $19.64 | $17.93 | $14.79 | $14.45 | $12.27 | $11.42 |
| Shares outstanding | 80.9M | 84.7M | 96.4M | 99.0M | 103.2M | 107.2M | 111.4M | 115.2M | 119.0M | 122.4M |
| Change in shares outstanding | −4.6% | −12.1% | −2.6% | −4.1% | −3.8% | −3.7% | −3.4% | −3.1% | −2.8% | −3.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 20.6% | 21.9% | 23.0% | 11.7% | 8.6% | 9.1% | 12.0% | 12.0% | 26.9% | 12.8% |
| Return on assets (ROA) | 3.9% | 3.7% | 3.6% | 2.7% | 2.5% | 2.7% | 3.1% | 3.0% | 6.5% | 2.7% |
| Return on tangible assets | 5.0% | 4.8% | 4.5% | 3.7% | 3.1% | 2.6% | 3.0% | 3.8% | 7.6% | 3.2% |
| Free cash flow margin | 20.9% | 23.0% | 26.3% | 26.7% | 27.4% | 30.3% | 29.2% | 28.6% | 33.9% | 34.9% |
| Income quality (OCF / net income) | 1.20 | 1.31 | 1.53 | 1.92 | 1.93 | 2.02 | 1.79 | 1.82 | 0.98 | 2.54 |
| Financial health | ||||||||||
| Total debt | $2.63B | $2.74B | $2.12B | $2.08B | $2.03B | $1.92B | $1.65B | $1.67B | $1.46B | $1.40B |
| Cash & short-term investments | $18.05B | $17.41B | $18.06B | $16.71B | $21.47B | $21.42B | $19.02B | $16.48B | $17.21B | $15.39B |
| Net debt | −$15.42B | −$14.67B | −$15.94B | −$14.63B | −$19.44B | −$19.49B | −$17.37B | −$14.82B | −$15.75B | −$14.00B |
| Debt / equity | 0.44 | 0.52 | 0.47 | 0.53 | 0.23 | 0.22 | 0.23 | 0.31 | 0.23 | 0.31 |
| Debt / assets | 0.09 | 0.09 | 0.08 | 0.08 | 0.07 | 0.07 | 0.06 | 0.07 | 0.06 | 0.07 |
| Net debt / EBITDA | −9.69 | −10.09 | −12.29 | −14.68 | −21.34 | −21.77 | −18.68 | −15.54 | −17.21 | −16.36 |
| Current ratio | 9.66 | 9.48 | 10.83 | 10.66 | 8.15 | 85.87 | 65.15 | 1.06 | 1.11 | 1.01 |
| Quick ratio | 9.66 | 9.48 | 11.30 | 21.66 | 8.52 | 89.79 | 68.12 | 1.06 | 1.11 | 1.01 |
| Interest coverage | 10.4 | 10.4 | 11.7 | 11.0 | 10.9 | 10.3 | 11.0 | 10.6 | 10.9 | 9.3 |
| Working capital | $17.11B | $16.43B | $17.21B | $15.91B | $19.48B | $21.64B | $19.16B | $916.2M | $1.74B | $219.8M |
| Invested capital | −$9.45B | −$9.36B | −$11.45B | −$10.68B | −$10.80B | −$10.72B | −$10.08B | −$9.40B | −$9.52B | −$9.43B |
| Tangible asset value | −$1.52B | −$1.68B | −$2.00B | −$2.07B | $3.25B | $7.89B | $6.41B | $835.7M | $1.83B | $342.1M |
| Net current asset value | −$5.75B | −$5.40B | −$4.61B | −$4.48B | $1.08B | $1.61B | $779.9M | −$441.0M | $609.5M | −$913.3M |
| Graham number | $154.53 | $133.40 | $102.73 | $81.91 | $116.66 | $112.08 | $100.32 | $80.19 | $120.00 | $61.42 |
| Graham net-net per share | −$74.33 | −$66.60 | −$54.39 | −$138.84 | $3.83 | $9.30 | $2.02 | −$7.70 | $2.23 | −$9.70 |
| Capital allocation | ||||||||||
| Dividends paid | $86.1M | $85.5M | $84.1M | $80.5M | $80.0M | $78.2M | $74.2M | $71.4M | $68.8M | $66.9M |
| Share buybacks (net) | $881.0M | $1.00B | $511.1M | $454.6M | $541.4M | $443.9M | $459.6M | $421.7M | $413.0M | $404.8M |
| Dividend payout ratio | 7.4% | 8.0% | 8.7% | 10.9% | 10.7% | 10.7% | 9.8% | 10.2% | 4.7% | 12.2% |
| Dividends + buybacks / free cash flow | 77.1% | 81.7% | 41.5% | 38.4% | 44.4% | 36.4% | 40.4% | 40.0% | 34.2% | 34.3% |
| Capex / revenue | 2.4% | 1.2% | 0.9% | 0.5% | 0.7% | 0.9% | 0.9% | 1.0% | 0.5% | 0.6% |
| Capex / operating cash flow | 10.2% | 5.1% | 3.3% | 2.0% | 2.7% | 2.8% | 3.1% | 3.5% | 1.4% | 1.8% |
| Capex / depreciation | — | 0.17 | 0.12 | 0.04 | 0.06 | 0.07 | 0.08 | 0.09 | 0.04 | 0.05 |
| Stock-based compensation / revenue | — | 0.7% | 0.6% | 0.7% | 0.6% | 0.8% | 1.0% | 0.9% | 0.9% | 0.7% |
| SG&A / revenue | 3.3% | 6.6% | 6.4% | 6.4% | 5.9% | 6.1% | 6.7% | 7.2% | 1.1% | 5.9% |
| Efficiency | ||||||||||
| Days sales outstanding | 60.9 | 58.8 | 58.6 | 55.6 | 43.3 | 35.3 | 34.5 | 34.2 | 34.1 | 33.8 |
| Days of inventory on hand | — | — | -906.9 | -9,850.2 | -1,132.3 | -1,143.4 | -1,063.1 | — | — | — |
| Days payables outstanding | 49.0 | 48.9 | 49.1 | 475.5 | 460.4 | 463.7 | 846.1 | 1,540.3 | 2,168.0 | 204.8 |
| Cash conversion cycle (days) | 11.9 | 9.9 | -897.4 | -10,270.2 | -1,549.4 | -1,571.8 | -1,874.6 | -1,506.1 | -2,133.9 | -170.9 |
| Receivables turnover | 5.99 | 6.21 | 6.23 | 6.57 | 8.43 | 10.35 | 10.57 | 10.67 | 10.71 | 10.79 |
| Payables turnover | 7.44 | 7.46 | 7.43 | 0.77 | 0.79 | 0.79 | 0.43 | 0.24 | 0.17 | 1.78 |
| Asset turnover | 0.20 | 0.20 | 0.20 | 0.19 | 0.17 | 0.17 | 0.18 | 0.18 | 0.19 | 0.19 |
| Average receivables | $1.00B | $931.2M | $874.7M | $793.8M | $606.5M | $457.9M | $428.4M | $403.5M | $388.1M | $364.5M |
| Average payables | $536.8M | $523.9M | $512.1M | $461.1M | $406.2M | $382.5M | $706.6M | $1.18B | $1.53B | $1.60B |
| Average inventory | — | — | −$9.46B | −$9.55B | −$999.0M | −$943.0M | −$887.8M | — | — | — |
| Intangibles / total assets | 24.3% | 24.0% | 23.1% | 23.2% | 18.1% | 3.0% | 3.4% | 19.8% | 18.7% | 19.7% |
Computed from GL's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GL valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Globe Life traded at 9.7 times earnings, against a 10-year median of 12.6. Based on the latest twelve months, the trailing P/E is 11.2 and the forward P/E is 10.2. Globe Life earned a return on equity of 20.6% in fiscal 2025. It ended the year with $2.6 billion of debt and $18.0 billion in cash and short-term investments, a net cash position of $15.4 billion. It returned $967.0 million to shareholders: $86.1 million in dividends and $881.0 million in share buybacks, 77% of free cash flow. The share count fell 33.9% from 122.4M to 80.9M over 9 years.
See the GL income statement, the GL chart for price history, or the GL stock overview for the latest quote and news.
GL key metrics FAQ
What is Globe Life's P/E ratio?
Globe Life's trailing P/E ratio is 11.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.2. At the end of fiscal 2025 it was 9.7, compared with a 10-year median of 12.6.
What is Globe Life's return on equity?
Globe Life's return on equity (ROE) was 20.6% in fiscal 2025: net income of $1.2 billion on average shareholders' equity of $5.6 billion.
How much debt does Globe Life have?
Globe Life had total debt of $2.6 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.44 and more cash than debt.
What is Globe Life's dividend yield?
Globe Life's forward dividend yield is 0.78%. Globe Life paid $86.1 million in dividends in fiscal 2025 ($1.06 per share), a payout ratio of 7.4%.
Does Globe Life buy back its shares?
Yes. Globe Life spent $881.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −4.6% over the year, to 80.9M..
What is Globe Life's free cash flow yield?
Globe Life generated $1.3 billion of free cash flow in fiscal 2025, a free cash flow yield of 11.1% on its market value at year-end ($11.3 billion).
What is Globe Life's current ratio?
Globe Life's current ratio was 9.66 at the end of fiscal 2025: current assets were 9.66 times current liabilities.