Loblaw Companies
L.TO
#578
Rank
$35.19 B
Marketcap
$114.50
Share price
-0.36%
Change (1 day)
29.26%
Change (1 year)

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

P/E ratio as of May 2024 (TTM): 24.9

According to Loblaw Companies's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 24.9469. At the end of 2022 the company had a P/E ratio of 20.7.

P/E ratio history for Loblaw Companies from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202220.79.73%
202118.8-7.6%
202020.4-10.51%
201922.8-25.79%
201830.7114.47%
201714.3-39.65%
201623.7-35.4%
201536.7-77.95%
2014167965.99%
201315.63.86%
201215.033.29%
201111.3-15.47%
201013.417.19%
200911.4-18.52%
200814.0-38.54%
200722.8-146.42%
2006-49.0-394.28%
200516.71.58%
200416.4-6.24%
200317.57.35%
200216.3-20.48%
200120.5

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.