Lakeland Bancorp
LBAI
#5445
Rank
$0.87 B
Marketcap
$13.43
Share price
1.13%
Change (1 day)
-10.53%
Change (1 year)

P/E ratio for Lakeland Bancorp (LBAI)

P/E ratio as of July 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%
200619.417.18%
200516.5-29.12%
200423.336.69%
200317.1-35.47%
200226.423.61%
200121.4

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
7.04-21.91%๐Ÿ‡บ๐Ÿ‡ธ USA
8.87-1.56%๐Ÿ‡บ๐Ÿ‡ธ USA
7.72-14.31%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.