P/E ratio for Lancaster Colony Corporation (LANC)
P/E ratio as of June 2024 (TTM): 34.5
According to Lancaster Colony Corporation 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 34.4633. At the end of 2022 the company had a P/E ratio of 53.2.
P/E ratio history for Lancaster Colony Corporation from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 53.2 | 46.44% |
| 2021 | 36.3 | -3.35% |
| 2020 | 37.6 | 26.02% |
| 2019 | 29.8 | -9.81% |
| 2018 | 33.1 | 10.27% |
| 2017 | 30.0 | 2.2% |
| 2016 | 29.3 | 0.35% |
| 2015 | 29.2 | -23.83% |
| 2014 | 38.4 | 77.63% |
| 2013 | 21.6 | 21.47% |
| 2012 | 17.8 | -5.86% |
| 2011 | 18.9 | 23.21% |
| 2010 | 15.3 | 29.03% |
| 2009 | 11.9 | -43.17% |
| 2008 | 20.9 | -20.45% |
| 2007 | 26.3 | 21.04% |
| 2006 | 21.7 | 48.26% |
| 2005 | 14.6 | -12.33% |
| 2004 | 16.7 | -9.11% |
| 2003 | 18.4 | 62.78% |
| 2002 | 11.3 | -34.16% |
| 2001 | 17.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Campbell Soup CPB | 15.1 | -56.09% | 🇺🇸 USA |
 Conagra Brands
CAG | 12.8 | -62.73% | 🇺🇸 USA |
 J.M. Smucker Company SJM | -720 | -2,188.21% | 🇺🇸 USA |
 Hain Celestial HAIN | -5.55 | -116.12% | 🇺🇸 USA |
 Seneca Foods
SENEA | 16.2 | -52.91% | 🇺🇸 USA |
 J&J Snack Foods
JJSF | 46.6 | 35.18% | 🇺🇸 USA |
 TreeHouse Foods
THS | -26.1 | -175.85% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.