GL · NYQ · Financial Services
Globe Life Inc.
Also onShortfallConsensus DriftCrosscheck
Implied value per share
USD 418.37
Market price
USD 159.79
Implied upside
+161.8%
10-year forecast · Excess returns over book equity · Base case · Price 2026-11-02 · Accounts to 2025-12-31
NoteA financial, valued on excess returns over book equity.
Excess Returns
- Return on equity
- 23.9%
- Payout
- 8%
- Cost of equity
- 7.60%
- Return on equity by the final year
- 20.0%
| Line | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 | FY32 | FY33 | FY34 | FY35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening book equity | USD 6.0bn | USD 7.1bn | USD 8.2bn | USD 9.4bn | USD 10.7bn | USD 11.9bn | USD 13.0bn | USD 14.0bn | USD 14.8bn | USD 15.5bn |
| Return on equity | 23.5% | 23.1% | 22.7% | 22.3% | 21.9% | 21.5% | 21.2% | 20.8% | 20.4% | 20.0% |
| Excess return | USD 948.9m | USD 1.1bn | USD 1.2bn | USD 1.4bn | USD 1.5bn | USD 1.7bn | USD 1.8bn | USD 1.8bn | USD 1.9bn | USD 1.9bn |
| Present value | USD 881.9m | USD 945.6m | USD 998.3m | USD 1.0bn | USD 1.1bn | USD 1.1bn | USD 1.1bn | USD 1.0bn | USD 982.6m | USD 923.3m |
| Book equity | USD 6.0bn |
| Present value of excess returns | USD 10.0bn |
| Terminal, growing at 2.50% | USD 18.6bn |
| Equity value | USD 34.5bn |
| Per share | USD 418.37 |
Discount Rate
| Risk-free rate | 4.89% | US 10-year Treasury (^TNX), 2026-11-02 |
| Equity risk premium | 4.23% | Damodaran, January 2026 |
| Beta | 0.639 | Reported 0.461, pulled toward 1.0 (Blume) |
| Cost of equity | 7.60% | Risk-free + beta x equity risk premium |
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Yahoo Finance and RBA data. General information, not advice. Methodology.