P/E ratio for La-Z-Boy (LZB)
P/E ratio as of March 2023 (TTM): 8.77
According to La-Z-Boy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.77463. At the end of 2021 the company had a P/E ratio of 12.6.
P/E ratio history for La-Z-Boy from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 12.6 | -47.47% |
| 2020 | 24.0 | 15.12% |
| 2019 | 20.8 | 36.26% |
| 2018 | 15.3 | -13.81% |
| 2017 | 17.8 | |
| 2015 | 17.1 | -25.76% |
| 2014 | 23.0 | |
| 2011 | 8.50 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Leggett & Platt
LEG | 11.6 | 31.99% | 🇺🇸 USA |
 Flexsteel Industries FLXS | 73.0 | 731.94% | 🇺🇸 USA |
 Bassett Furniture BSET | 2.65 | -69.78% | 🇺🇸 USA |
 Ethan Allen
ETD | 6.02 | -31.44% | 🇺🇸 USA |
 Hooker Furniture HOFT | 23.7 | 170.36% | 🇺🇸 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.