P/E ratio for Life Storage (LSI)
P/E ratio as of April 2024 (TTM): 30.9
According to Life Storage's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 30.8817. At the end of 2022 the company had a P/E ratio of 23.3.
P/E ratio history for Life Storage from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 23.3 | -51.81% |
| 2021 | 48.3 | 29.31% |
| 2020 | 37.4 | 91.19% |
| 2019 | 19.5 | -6.89% |
| 2018 | 21.0 | -51.22% |
| 2017 | 43.0 | 4.47% |
| 2016 | 41.2 | 21.67% |
| 2015 | 33.9 | 3.63% |
| 2014 | 32.7 | 18.8% |
| 2013 | 27.5 | -16.75% |
| 2012 | 33.0 | -14.85% |
| 2011 | 38.8 |
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.