P/E ratio for Lakeland Financial Corp (LKFN)
P/E ratio as of September 2023 (TTM): 12.8
According to Lakeland Financial Corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.8443. At the end of 2021 the company had a P/E ratio of 21.3.
P/E ratio history for Lakeland Financial Corp from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 21.3 | 31.67% |
| 2020 | 16.2 | 12.48% |
| 2019 | 14.4 | 13.95% |
| 2018 | 12.6 | -40.62% |
| 2017 | 21.3 | -6.3% |
| 2016 | 22.7 | 36.32% |
| 2015 | 16.6 | 1.5% |
| 2014 | 16.4 | -1.16% |
| 2013 | 16.6 | 39.37% |
| 2012 | 11.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Old National Bank
ONB | 6.73 | -47.56% | 🇺🇸 USA |
 German American Bancorp GABC | 8.73 | -32.03% | 🇺🇸 USA |
 First Merchants Corporation
FRME | 6.34 | -50.67% | 🇺🇸 USA |
 First Financial THFF | 6.07 | -52.72% | 🇺🇸 USA |
 1st Source
SRCE | 8.06 | -37.24% | 🇺🇸 USA |
 Horizon Bancorp HBNC | 5.48 | -57.32% | 🇺🇸 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.