Lakeland Financial Corp (LKFN) - P/B ratio

P/B ratio as of November 2024 : 2.65

According to Lakeland Financial Corp's latest financial reports the company has a price-to-book ratio of 7.24714.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Lakeland Financial Corp - P/B ratio (from 2001 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	2.55	-21.57%
2022-12-31	3.25	13.05%
2021-12-31	2.88	37.2%
2020-12-31	2.10	0.71%
2019-12-31	2.08	7.61%
2018-12-31	1.93	-25.3%
2017-12-31	2.59	-6.32%
2016-12-31	2.76	40.78%
2015-12-31	1.96	-0.87%
2014-12-31	1.98	-0.16%
2013-12-31	1.98	40.36%
2012-12-31	1.41	-7.92%
2011-12-31	1.53	9.91%
2010-12-31	1.40	41.91%
2009-12-31	0.9840	-49.66%
2008-12-31	1.95	12.96%
2007-12-31	1.73	-26.65%
2006-12-31	2.36	11.34%
2005-12-31	2.12	-7.64%
2004-12-31	2.29	1.03%
2003-12-31	2.27	40.86%
2002-12-31	1.61

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
German American Bancorp GABC	1.95	-26.28%	🇺🇸 USA
Old National Bank ONB	1.06	-60.14%	🇺🇸 USA
1st Source SRCE	1.34	-49.50%	🇺🇸 USA
First Financial THFF	1.02	-61.54%	🇺🇸 USA
First Merchants Corporation FRME	1.10	-58.45%	🇺🇸 USA
Horizon Bancorp HBNC	1.09	-58.73%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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