ValueScreener company report
NASDAQ / Financial Services / Insurance - Life
Share price
38.76 USD Market dataClose of Oct 15, 2026Market capitalisation
2.47B USD Market dataClose of Oct 15, 20261 of 10
What the business is, what it costs, and how it reads on four questions.
Market dataSEC filingComputed
Return on invested capital, after tax
From the FY2025 filing
Invested capital is equity plus debt less cash. A financial company's debt and cash are operating positions, so returns measured against that base are not comparable to an operating business.
Debt to equity
From the FY2025 filing
Filed shareholders equity is zero or below, so debt measured against it is not a measurement (n/m).
Price to earnings
FY2025 accounts, priced at the latest close
Dividend yield
FY2025 accounts, priced at the latest close
Price to earnings is 8.99x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits below the lowest.
Today, against the Financial Services sector (657 companies), 8.99x sits at the 13th percentile; the middle half of that group runs from 11.29x to 24.29x.
Operating margin was 18.8% in FY2025. No published threshold exists for operating margin, so its standing against peers is the reading.
Today, against the Financial Services sector (166 companies), 18.8% sits at the 65th percentile; the middle half of that group runs from -45.1% to 23.4%.
These are LIFE’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.
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The newest filing, what it moved, and when the next one is due.
SEC filingCompany statement
The newest accounts on file are the FY2025 annual report: 10-K, filed Mar 17, 2026, accession 0001193125-26-108887.
3 of 10
The returns the business earns on its capital, and the margins behind them.
SEC filingComputed
| Figure | Value, source and document |
|---|---|
Return on invested capital, after taxWhy n/mInvested capital is equity plus debt less cash. A financial company's debt and cash are operating positions, so returns measured against that base are not comparable to an operating business. | n/m ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Return on equityWhy n/mBook equity is zero or negative. Return on equity computed over it flips sign and can read as a strong positive on a loss-making company, so we will not show a number. | n/m ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Return on capital employed, pre-taxWhy n/mInvested capital is equity plus debt less cash. A financial company's debt and cash are operating positions, so returns measured against that base are not comparable to an operating business. | n/m ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
| Return on assets | 13.8% ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
| Gross margin | 98.3% ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
| Operating margin | 18.8% ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
| Net margin | 18.4% ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
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What it owes against what it owns, and whether it can meet what falls due.
SEC filingComputedCompany statement
| Figure | Value, source and document |
|---|---|
Debt to equityWhy n/mFiled shareholders equity is zero or below, so debt measured against it is not a measurement (n/m). | n/m ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Current ratioWhy n/mBanks and insurers present an unclassified balance sheet under Regulation S-X, with no split between current and non-current. A current ratio needs that split, so there is none to show. | n/m ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Quick ratioWhy n/mBanks and insurers present an unclassified balance sheet under Regulation S-X, with no split between current and non-current. A current ratio needs that split, so there is none to show. | n/m ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Interest coverageWhy n/aNo interest expense is filed for this year, so coverage is not computed. | n/a ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Altman Z-scoreWhy n/mAltman's Z-Score was estimated on manufacturers and explicitly excludes financial firms. A financial company scores in the distress zone by construction, so the number would be wrong rather than alarming. Not applicable to financials. | n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Net debtWhy n/aThe FY2025 balance sheet carries no net debt we could read. | n/a ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
What Ethos Technologies Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Mar 17, 2026, 0001193125-26-108887).
| Total assets | 515.3M FiledFY2025 10-K, filed Mar 17, 2026 |
|---|---|
| Total liabilities | 135.5M FiledFY2025 10-K, filed Mar 17, 2026 |
| Shareholders' equity | -24.1M FiledFY2025 10-K, filed Mar 17, 2026 |
| Cash | 126.0M FiledFY2025 10-K, filed Mar 17, 2026 |
| Total debt | n/a FiledFY2025 10-K, filed Mar 17, 2026 |
| Net debt | n/a |
| Current ratio | n/m |
| Debt to equity | n/m |
Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.
5 of 10
What the market charges for it, against its own record and companies like it.
Market dataSEC filingComputed
| Figure | Value, source and document |
|---|---|
| Price to earnings | 8.99x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
P/E on trailing twelve monthsWhy n/aFewer than twenty trading days carry a meaningful trailing price to earnings ratio, so no range is stated. | n/a ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings |
Price to bookWhy n/mBook equity is zero or negative, so a ratio measured against it (debt to equity, price to book) is not a measurement, and we will not show a number. | n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
| Price to sales | 5.84x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Enterprise value to EBITWhy n/mEnterprise value adds debt and subtracts cash. For a financial company both are the business itself, so the resulting multiple has no economic meaning. | n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Enterprise value to EBITDAWhy n/mEnterprise value adds debt and subtracts cash. For a financial company both are the business itself, so the resulting multiple has no economic meaning. | n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Price to earnings over growthWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
| Diluted earnings per share | 1.22 USD FiledFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Graham numberWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
We publish no fair value or price target of our own. Value LIFE on your own assumptions in the DCF workbench, starting from the filed figures.
What the market charges for Ethos Technologies Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.
| Share price | 38.76 USD |
|---|---|
| Market capitalisation | 2.47B USD |
| Enterprise value to EBITDA | n/m |
| Graham number | n/a |
| Diluted earnings per share, FY2025 | 1.22 USD |
Price to earnings on trailing twelve months: Fewer than twenty trading days carry a meaningful trailing price to earnings ratio, so no range is stated.
Same industry (Insurance - Life) and size band (Mid, 2B to 10B), nearest in market value and net margin. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.
6 of 10
Whether profit arrives as cash, and what is paid back to shareholders.
SEC filingComputed
| Figure | Value, source and document |
|---|---|
Free cash flow yieldWhy n/mFor a bank, an insurer, a broker or investment firm, or a mortgage trust, operating cash flow swings with the size of the loan, trading and funding book rather than with operating performance, so free cash flow is not the measure of the business. Look at earnings and capital adequacy. | n/m ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
| Free cash flow | 34.7M USD ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Free cash flow marginWhy n/mFor a bank, an insurer, a broker or investment firm, or a mortgage trust, operating cash flow swings with the size of the loan, trading and funding book rather than with operating performance, so free cash flow is not the measure of the business. Look at earnings and capital adequacy. | n/m ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
| Dividend yield | 0.0% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
| Payout ratio | 0.0% ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
7 of 10
Every figure, the year it is for and the document it was read from.
SEC filing
Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.
| Figure | Value | Year | As of |
|---|---|---|---|
| 8.99x | FY2025 | Oct 15, 2026 | |
FormulaShare price / earnings per share. Where the filing states no earnings per share this listing can be priced on, which is every 20-F and 40-F filer because theirs is stated per ordinary share, it is market capitalisation / net income: the same multiple, undiluted. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itIncome statementFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
| n/m | FY2025 | Oct 15, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
FormulaMarket capitalisation / shareholders equity As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
| n/m | FY2025 | Oct 15, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
Formula(Market capitalisation + total debt - cash) / operating income, or over the filing's own EBIT (income before tax + interest expense) where the filer tags no operating line, as Johnson & Johnson does not in any of its ten filed years. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itIncome statementFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tabForm10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
| n/m | FY2025 | Oct 15, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
FormulaFree cash flow per share / share price x 100 As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
| n/m | FY2025 | Mar 17, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
FormulaVendor trailing-twelve-month return on invested capital where one is published, which uses after-tax operating profit over total assets less current liabilities. Otherwise our own recompute: NOPAT / (shareholders equity + total debt - cash) x 100, where NOPAT is the filed operating profit after tax, or the filing's own EBIT after tax where the filer tags no operating line. As ofThe filing date of the statements below, for FY2025. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itIncome statementFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tabForm10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
| 0.0% | FY2025 | Oct 15, 2026 | |
FormulaCommon dividends paid in the latest filed year / market capitalisation x 100. n/a where the filing cannot support it: a special or first-year payment, a total that mixes preferred dividends, or a cash-flow statement over 15 months old. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
| n/m | FY2025 | Mar 17, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below, for FY2025. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
| n/m | FY2025 | Mar 17, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below, for FY2025. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
| 5.84x | FY2025 | Oct 15, 2026 | |
FormulaMarket capitalisation / revenue As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itIncome statementFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
| n/a | FY2025 | Oct 15, 2026 | |
| n/a This figure compares a year against the one before it, and we hold one filed year for this company. | |||
FormulaPrice to earnings / the annual earnings growth rate, in percentage points As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itIncome statementFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
| n/m | FY2025 | Oct 15, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
Formula1.2 x working capital/assets + 1.4 x retained earnings/assets + 3.3 x EBIT/assets + 0.6 x market value of equity/total liabilities + 1.0 x revenue/assets As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itIncome statementFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tabForm10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
| n/m | FY2025 | Mar 17, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
FormulaAn eight-variable index of year-on-year changes in receivables, gross margin, asset quality, revenue, depreciation, overheads, leverage and accruals As ofThe filing date of the statements below, for FY2025. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itIncome statementFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tabForm10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tabForm10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
| n/m | FY2025 | Mar 17, 2026 | |
| n/m Not meaningful for this company, such as a P/E on negative earnings or a bank's EV/EBIT. | |||
FormulaOne point each for: positive return on assets, positive operating cash flow, rising return on assets, operating cash flow above net income, falling leverage, rising current ratio, no new shares issued, rising gross margin, rising asset turnover. As ofThe filing date of the statements below, for FY2025. Form10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itIncome statementFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tabForm10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tabForm10-KFiledMar 17, 2026PeriodFY2025Accession0001193125-26-108887What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001193125-26-108887, leaves this page and opens in a new tab | |||
The figures are computed from the accounts for fiscal 2025, the newest full year on file. 2 filed fiscal years on record, FY2024 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.
The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.
2 filed fiscal years, FY2024 to FY2025, read from the annual reports Ethos Technologies Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.
| Year | Revenue | Operating income | Net income | EPS, diluted | Free cash flow | Operating margin | Return on equity | Filing |
|---|---|---|---|---|---|---|---|---|
| FY2025 | 387.6M | 72.9M | 71.2M | 1.22 | 34.7M | 18.8% | n/m | 10-K, Mar 17, 20260001193125-26-108887 |
| FY2024 | 254.9M | 48.7M | 48.8M | 0.85 | -11.7M | 19.1% | n/m | 10-K, Mar 17, 20260001193125-26-108887 |
Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.
8 of 10
The accounting screens, the published tests, and the lines you can set to be told.
ComputedCompany statement
| Figure | Value, source and document |
|---|---|
Beneish M-scoreWhy n/mThe Beneish M-Score is built on gross margin, receivables and asset quality indices estimated on non-financial firms. Those inputs are not defined here. | n/m ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
Piotroski F-scoreWhy n/m4 of the nine Piotroski signals are undefined for an insurer: signal 5 (falling long-term leverage), signal 6 (rising current ratio), signal 8 (rising gross margin), signal 9 (rising asset turnover). We do not publish a partial score under the full score's name. | n/m ComputedFY2025 10-K, filed Mar 17, 2026, 0001193125-26-108887 |
| Named tests met | 1 of 30 Computed |
BetaWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedClose of Oct 15, 2026 |
Of 30 tests value investors published: 1 met, 5 not met, 24 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.
9 of 10
Whether anybody here owns this company.
Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.
10 of 10
What to do with what you have read.
A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.
And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.
Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.
No card. 30 free days, and nothing is charged unless you choose a plan.
ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.
Once a week, what changed in the filings of US-listed companies, why it can matter to a thesis, and what deserves a closer review. Grounded in filings, not market noise.