Lakeland Bancorp
LBAI
#5720
Rank
โ‚น73.58 B
Marketcap
โ‚น1,129
Share price
1.13%
Change (1 day)
11.29%
Change (1 year)

P/E ratio for Lakeland Bancorp (LBAI)

P/E ratio as of November 2024 (TTM): 9.01

According to Lakeland Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 9.01342. At the end of 2022 the company had a P/E ratio of 10.7.

P/E ratio history for Lakeland Bancorp from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202210.74.04%
202110.3-8.98%
202011.3-9.31%
201912.511.44%
201811.2-35.3%
201717.3-15.51%
201620.547.98%
201513.9-2.73%
201414.3-14.69%
201316.724.8%
201213.48.62%
201112.3-29.52%
201017.5-200.63%
2009-17.4-200.37%
200817.320.85%
200714.3-26.02%
200619.415.6%
200516.8-24.56%
200422.236.69%
200316.3-35.65%
200225.323.95%
200120.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
8.24-8.62%๐Ÿ‡บ๐Ÿ‡ธ USA
9.94 10.26%๐Ÿ‡บ๐Ÿ‡ธ USA
9.51 5.53%๐Ÿ‡บ๐Ÿ‡ธ 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.