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

Data as of 2026-09-08. TSX, Canada. Sector: Financial Services / Insurance. Price C$92.59, market value C$82.9 billion.

## Valuation
- **P/E (trailing): 19.1×** (5-yr avg 11.1×, 3-yr avg 13.2×). Great-West Lifeco Inc. trades at 19.1× trailing earnings, well above its own five-year average of 11.1×: investors are paying up relative to the company's past. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 14.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 12.27**. A PEG of 12.27 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 2.2×**. Each dollar of revenue is priced at 2.2×.
- **Price / book: 2.9×**. The shares trade at 2.9× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 5.1%** (5-yr avg 19.0%). Free cash flow equals 5.1% of the market value, below its five-year average of 19.0%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 5.2%**. The inverse of the P/E: 5.2% 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: 2.89%** (C$2.56 per share, trailing). Great-West Lifeco Inc. yields 2.89%, a modest yield more typical of a growth-oriented payer.
- **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: 12**. 12 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 6.8%/yr** (1-yr 9.9%). The dividend has grown 6.8% a year over five years.

## Analyst view
- **Analyst consensus: buy** (12 analysts). 12 analysts cover Great-West Lifeco Inc.; the consensus is buy, with an average price target of C$94.00 (+2% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 74.2%** (YTD 39.4%, 3-mo 13.1%). The shares are up 74.2% over twelve months including dividends.
- **From 52-week high: -1.6%** (76.3% 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): 59**. An RSI of 59 is neutral.
- **Beta (1 yr): 0.19** (volatility 17%). Beta of 0.19 against the S&P/TSX Composite: the shares move much less than the market.

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

Not investment advice.