P/E ratio for Lakeland Financial Corp (LKFN)
P/E ratio as of April 2024 (TTM): 16.7
According to Lakeland Financial Corp's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 16.7479. At the end of 2022 the company had a P/E ratio of 17.9.
P/E ratio history for Lakeland Financial Corp from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.9 | -15.88% |
| 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 | -13% |
| 2011 | 13.7 | -15.81% |
| 2010 | 16.3 | 19.69% |
| 2009 | 13.6 | -8.19% |
| 2008 | 14.8 | 11.85% |
| 2007 | 13.2 | -29.28% |
| 2006 | 18.7 | -14.31% |
| 2005 | 21.8 | 36.2% |
| 2004 | 16.0 | 8.44% |
| 2003 | 14.8 | 34.42% |
| 2002 | 11.0 | -17.15% |
| 2001 | 13.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Old National Bank
ONB | 7.25 | -56.70% | 🇺🇸 USA |
 German American Bancorp GABC | 10.2 | -38.99% | 🇺🇸 USA |
 First Merchants Corporation
FRME | 7.76 | -53.64% | 🇺🇸 USA |
 First Financial THFF | 6.52 | -61.05% | 🇺🇸 USA |
 1st Source
SRCE | 9.37 | -44.07% | 🇺🇸 USA |
 Horizon Bancorp HBNC | 6.68 | -60.12% | 🇺🇸 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.