P/E ratio for Lakeland Bancorp (LBAI)
P/E ratio as of April 2024 (TTM): 8.62
According to Lakeland Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.61745. 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 |
|---|---|---|
| 2022 | 10.7 | 4.04% |
| 2021 | 10.3 | -8.98% |
| 2020 | 11.3 | -9.31% |
| 2019 | 12.5 | 11.44% |
| 2018 | 11.2 | -35.3% |
| 2017 | 17.3 | -15.51% |
| 2016 | 20.5 | 47.98% |
| 2015 | 13.9 | -2.73% |
| 2014 | 14.3 | -14.69% |
| 2013 | 16.7 | 24.8% |
| 2012 | 13.4 | 8.62% |
| 2011 | 12.3 | -29.52% |
| 2010 | 17.5 | -200.63% |
| 2009 | -17.4 | -200.37% |
| 2008 | 17.3 | 20.85% |
| 2007 | 14.3 | -26.02% |
| 2006 | 19.4 | 17.18% |
| 2005 | 16.5 | -29.12% |
| 2004 | 23.3 | 36.69% |
| 2003 | 17.1 | -35.47% |
| 2002 | 26.4 | 23.61% |
| 2001 | 21.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Unity Bancorp UNTY | 7.19 | -16.60% | 🇺🇸 USA |
 Peapack-Gladstone Financial PGC | 6.73 | -21.91% | 🇺🇸 USA |
 Parke Bancorp PKBK | 6.43 | -25.34% | 🇺🇸 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.