P/E ratio for Lakeland Bancorp (LBAI)
P/E ratio as of March 2023 (TTM): 10.5
According to Lakeland Bancorp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.4808. At the end of 2021 the company had a P/E ratio of 10.3.
P/E ratio history for Lakeland Bancorp from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Unity Bancorp UNTY | 6.44 | -38.52% | 🇺🇸 USA |
 Peapack-Gladstone Financial PGC | 7.57 | -27.78% | 🇺🇸 USA |
 Parke Bancorp PKBK | 5.07 | -51.64% | 🇺🇸 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.