P/E ratio for Lazard (LAZ)
P/E ratio as of April 2024 (TTM): -33.2
According to Lazard's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -33.1842. At the end of 2022 the company had a P/E ratio of 9.55.
P/E ratio history for Lazard from 2005 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 9.55 | 7.48% |
| 2021 | 8.89 | -22.48% |
| 2020 | 11.5 | -26.56% |
| 2019 | 15.6 | 86.92% |
| 2018 | 8.35 | -67.23% |
| 2017 | 25.5 | 92.89% |
| 2016 | 13.2 | 129.84% |
| 2015 | 5.75 | -59.9% |
| 2014 | 14.3 | -58.25% |
| 2013 | 34.3 | -17.16% |
| 2012 | 41.4 | 134.92% |
| 2011 | 17.6 | -29.86% |
| 2010 | 25.2 | -216.59% |
| 2009 | -21.6 | -119.59% |
| 2008 | 110 | 723.13% |
| 2007 | 13.4 | -31.88% |
| 2006 | 19.6 | 109.74% |
| 2005 | 9.37 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Deutsche Bank DB | 6.03 | -118.18% | 🇩🇪 Germany |
 UBS UBS | 2.61 | -107.87% | 🇨🇭 Switzerland |
 Moelis & Company MC | 89.4 | -369.47% | 🇺🇸 USA |
 Credit Suisse CS | -0.3304 | -99.00% | 🇨🇭 Switzerland |
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.