P/E ratio for Lake Shore Bancorp (LSBK)
P/E ratio as of June 2024 (TTM): 13.9
According to Lake Shore Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 13.8667. At the end of 2022 the company had a P/E ratio of 12.4.
P/E ratio history for Lake Shore Bancorp from 2006 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 12.4 | -11.48% |
| 2021 | 14.1 | -16.74% |
| 2020 | 16.9 | -24.96% |
| 2019 | 22.5 | -1.39% |
| 2018 | 22.8 | -26.82% |
| 2017 | 31.2 | 13.07% |
| 2016 | 27.6 | 17.3% |
| 2015 | 23.5 | -2.91% |
| 2014 | 24.2 | 29.01% |
| 2013 | 18.8 | 16.74% |
| 2012 | 16.1 | 9.43% |
| 2011 | 14.7 | -17.47% |
| 2010 | 17.8 | -16.2% |
| 2009 | 21.2 | -27.17% |
| 2008 | 29.2 | 1.63% |
| 2007 | 28.7 | -33.73% |
| 2006 | 43.3 |
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.