# Great-West Lifeco Inc. (GWO-PI.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Financial Services / Insurance. Price C$21.15, market value C$20.9 billion.

## Valuation
- **P/E (trailing): 6.2×** (5-yr avg 4.7×, 3-yr avg 4.7×). Great-West Lifeco Inc. trades at 6.2× trailing earnings, well above its own five-year average of 4.7×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 0.6×**. Each dollar of revenue is priced at 0.6×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.7×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Free-cash-flow yield: 20.2%** (5-yr avg 38.3%). Free cash flow equals 20.2% of the market value, below its five-year average of 38.3%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 16.2%**. The inverse of the P/E: 16.2% of the price is earned each year.

## Profitability
- **Net margin: 10.5%**. 10.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.8%**. 13.8% on shareholders' equity is solid.
- **Return on assets: 0.5%**. Each dollar of assets produces 0.5% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 12.6%** (5-yr -8.4%/yr). Revenue grew 12.6% over the last year, against -8.4% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 1.2%** (3-yr 3.3%/yr, 5-yr 6.1%/yr). Earnings per share rose 1.2%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -27.3%/yr**. Free cash flow has compounded at -27.3% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: C$22.5 billion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 5.32%** (C$2.56 per share, trailing). Great-West Lifeco Inc. yields 5.32%, an income-level yield.
- **Payout ratio: 59%** (60% of free cash flow). 59% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 4**. 4 straight years of increases.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): 5.5%** (YTD 3.5%, 3-mo 0.7%). The shares are up 5.5% over twelve months including dividends.
- **From 52-week high: -3.3%** (6.5% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 39**. An RSI of 39 is neutral.
- **Beta (1 yr): 0.07** (volatility 10%). Beta of 0.07 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=GWO-PI.TO · Page: https://foliofundamentals.com/stocks/gwo-pi.to

Not investment advice.