P/E ratio for Laurentian Bank of Canada (LB.TO)
P/E ratio as of May 2024 (TTM): 5.71
According to Laurentian Bank of Canada's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.71297. At the end of 2022 the company had a P/E ratio of 6.50.
P/E ratio history for Laurentian Bank of Canada from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.50 | -83.17% |
| 2021 | 38.6 | 193.4% |
| 2020 | 13.2 | 12% |
| 2019 | 11.8 | 57.77% |
| 2018 | 7.45 | -28.97% |
| 2017 | 10.5 | -16.79% |
| 2016 | 12.6 | -16.23% |
| 2015 | 15.0 | 35.8% |
| 2014 | 11.1 | -10.27% |
| 2013 | 12.3 | 38.15% |
| 2012 | 8.94 | -13.11% |
| 2011 | 10.3 | -0.69% |
| 2010 | 10.4 | 2.49% |
| 2009 | 10.1 | 11.61% |
| 2008 | 9.06 | -4.96% |
| 2007 | 9.53 | -21.89% |
| 2006 | 12.2 | -27.28% |
| 2005 | 16.8 | -7.32% |
| 2004 | 18.1 | 116.39% |
| 2003 | 8.36 | -61.01% |
| 2002 | 21.4 | 123.56% |
| 2001 | 9.59 |
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.