P/E ratio for Lassonde Industries (LAS-A.TO)
P/E ratio as of May 2024 (TTM): 12.6
According to Lassonde Industries's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.6258. At the end of 2022 the company had a P/E ratio of 14.2.
P/E ratio history for Lassonde Industries from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.2 | 0.82% |
| 2021 | 14.1 | 14.66% |
| 2020 | 12.3 | -18.28% |
| 2019 | 15.0 | -28.44% |
| 2018 | 21.0 | 5.42% |
| 2017 | 19.9 | -13.12% |
| 2016 | 22.9 | 15.19% |
| 2015 | 19.9 | -0.77% |
| 2014 | 20.0 | 23.08% |
| 2013 | 16.3 | 36.69% |
| 2012 | 11.9 | -4.93% |
| 2011 | 12.5 | 4.28% |
| 2010 | 12.0 | 4.49% |
| 2009 | 11.5 | 53.57% |
| 2008 | 7.49 | -35.52% |
| 2007 | 11.6 | -33.48% |
| 2006 | 17.5 | 10.89% |
| 2005 | 15.7 | -2.2% |
| 2004 | 16.1 | 41.94% |
| 2003 | 11.3 | 15.1% |
| 2002 | 9.85 | -13.44% |
| 2001 | 11.4 |
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.