Loblaw Companies
L.TO
#598
Rank
$29.41 B
Marketcap
$90.79
Share price
0.62%
Change (1 day)
19.49%
Change (1 year)

P/E ratio for Loblaw Companies (L.TO)

P/E ratio as of December 2022 (TTM): 23.6

According to Loblaw Companies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 23.5902. At the end of 2021 the company had a P/E ratio of 18.9.

P/E ratio history for Loblaw Companies from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202118.9-7.76%
202020.5-10.82%
201923.0-24.72%
201830.5110.41%
201714.5-38.86%
201623.7-32.4%
201535.1-90.19%
20143582242.66%
201315.34.48%
201214.628.99%
201111.3-14.5%
201013.317.83%
200911.2-20.15%
200814.1-38.66%
200723.0-146.84%
2006-49.0-394.28%
200516.72.17%
200416.3-6.57%
200317.56.18%
200216.4

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.