GL - Globe Life Inc.
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$187.00
DETAILS
HIGH:
$200.00
LOW:
$166.00
MEDIAN:
$191.00
CONSENSUS:
$187.00
UPSIDE:
12.91%
AlphaVal
Deterministic, archetype-aware fair value
Banks, Insurers & Asset Managers
85% confidence
Primary model: P/Tangible Book × ROE Quality
Adjust Assumptions
19.4%
6.7%
Key Value Driver
ROTCE (19.4%) vs. cost of equity (6.7%)
Implied Market Multiple
2.15x
Plain-Language Summary
With ROTCE of 19.4% vs. 6.7% cost of equity, fair P/TBV is 4.00x on $76.95 tangible book, implying $307.79 per share.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (28 analysts)
$187.00
Analyst Range
$166.00 – $200.00
Divergence from AlphaVal
65%
Warnings
Traditional cash flow models don't work well for banks — lending activity distorts how much cash the business actually generates.
Common valuation shortcuts don't apply here — for banks, interest payments are a core business cost, not overhead.
Wall Street's average price target is $187.00 (from 28 analysts). Our estimate is 65% above the consensus -- consider that gap carefully.
Key Risks
- Book value quality matters as much as level — check loan loss reserves
- Interest rate sensitivity creates non-linear earnings surprises
- Insurance reserving is actuarial, not financial — errors emerge slowly