This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Globe Life's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $57.942. Globe Life's 10-Year median PS Ratio is 2.0902. Therefore, the Median PS Value for today is $121.11.
As of today (2024-04-29), Globe Life's share price is $75.75. Globe Life's Median PS Value is $121.11. Therefore, Globe Life's Price to Median PS Value for today is 0.63.
The historical rank and industry rank for Globe Life's Median PS Value or its related term are showing as below:
GL'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.63 Med: 1.11 Max: 1.5
Current: 0.63
During the past 13 years, the highest Price to Median PS Value of Globe Life was 1.50. The lowest was 0.63. And the median was 1.11.
GL's Price-to-Median-PS-Value is ranked better than 74.75% of 305
companies
in the Insurance industry
Industry Median: 0.97
vs GL: 0.63
Globe Life Median PS Value Historical Data
The historical data trend for Globe Life's Median PS Value 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.
Competitive Comparison of Globe Life's Median PS Value
For the Insurance - Life subindustry, Globe Life's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value 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.
Globe Life's Price-to-Median-PS-Value Distribution in the Insurance Industry
For the Insurance industry and Financial Services sector, Globe Life's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Globe Life's Price-to-Median-PS-Value falls into.
Globe Life Median PS Value Calculation
Globe Life's Median PS Value for today is calculated as
10-Year Median PS Ratio is 2.0902.
Globe Life's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $57.942.
* 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 (NYSE:GL) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Globe Life's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
75.75
/
121.11
=
0.63
* 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 Median PS Value Related Terms
Thank you for viewing the detailed overview of Globe Life's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Globe Life Inc is an insurance holding company. It provides a variety of life and supplemental health insurance products and annuities to a broad base of customers. The company's core operations are organized into four reportable segments: life insurance, supplemental health insurance, annuities, and investments. Investment activities, conducted by the investment segment, focus on seeking investments with a yield and term appropriate to support the insurance product obligations. These investments generally consist of fixed maturities and, over the long term, the expected yields are considered when setting insurance premium rates and product profitability expectations.
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