P/E ratio for Land and Houses (LH.BK)
P/E ratio as of April 2024 (TTM): 12.1
According to Land and Houses's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.0866. At the end of 2022 the company had a P/E ratio of 14.1.
P/E ratio history for Land and Houses from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.1 | -5.18% |
| 2021 | 14.9 | 12.57% |
| 2020 | 13.3 | 13.57% |
| 2019 | 11.7 | 2.67% |
| 2018 | 11.4 | -4.76% |
| 2017 | 11.9 | -11.12% |
| 2016 | 13.4 | -1.98% |
| 2015 | 13.7 | 17.54% |
| 2014 | 11.7 | -11.22% |
| 2013 | 13.1 | -22.87% |
| 2012 | 17.0 | 52.19% |
| 2011 | 11.2 | -28.92% |
| 2010 | 15.7 | -2.61% |
| 2009 | 16.2 |
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.