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Lakeland FinancialLKFN -0.29%65 Debt-to-Equity is 0.09 as of Mar. 2026, which is 36% below its 10-year median of 0.14. GuruFocus rates LKFN with a GF Score™ of 65/100 and a GF Value™ of $67.92 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,418 Banks companies, Lakeland Financial ranks better than 90.13% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Lakeland Financial's Debt-to-Equity or its related term are showing as below:
LKFN'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.68
Current: 0.09
During the past 13 years, the highest Debt-to-Equity Ratio of Lakeland Financial was 0.68. The lowest was 0.01. And the median was 0.14.
LKFN's Debt-to-Equity is ranked better than 90.13% of 1418
companies
in the Banks industry
Industry Median: 0.57
vs LKFN: 0.09
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Lakeland Financial Debt-to-Equity Related Terms
Lakeland Financial Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Lakeland Financial's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Banks - Regional subindustry, Lakeland Financial's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lakeland Financial Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Lakeland Financial's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Lakeland Financial's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Lakeland Financial (LKFN) has a Debt-to-Equity of 0.09 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lakeland Financial and its competitors. This is 36% below median its historical median of 0.14. Over the past decade, Lakeland Financial's Debt-to-Equity has ranged from 0.01 to 0.68. According to the industry distribution chart, Lakeland Financial ranks #140 out of 1418 companies in the Banks industry, placing it in the top 9.9%.
Is Lakeland Financial's Debt-to-Equity too high?
Lakeland Financial's current Debt-to-Equity of 0.09 is 36% below median its 10-year median of 0.14. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.68. The Banks industry median Debt-to-Equity is 0.57. Lakeland Financial's value of 0.09 is 84.2% below this industry median. Based on the distribution chart, Lakeland Financial ranks #140 out of 1418 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Lakeland Financial has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lakeland Financial's Debt-to-Equity compare to OBK and QCRH?
According to the Banks industry distribution chart, Lakeland Financial ranks #140 out of 1418 companies for Debt-to-Equity. This places Lakeland Financial in the top 10% of its industry — outperforming the majority of peers. The industry median Debt-to-Equity is 0.57. Lakeland Financial's value of 0.09 is 84.2% below this benchmark. Historically, Lakeland Financial's own Debt-to-Equity has ranged from 0.01 to 0.68 over the past decade. While the company's 10-year median is 0.14 vs. the industry median of 0.57, Lakeland Financial has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.57, based on 1,418 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lakeland Financial's current Debt-to-Equity of 0.09 is 84.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lakeland Financial and its competitors. For the Banks industry, the median Debt-to-Equity is 0.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lakeland Financial's current Debt-to-Equity is 0.09, which is 36% below median its own 10-year median of 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lakeland Financial stock overvalued right now?
Based on GuruFocus' analysis, Lakeland Financial (LKFN) is currently considered Modestly Undervalued. The stock's GF Value™ is $67.92, compared to a current price of $61.12 — trading 10% below its estimated fair value. The current Debt-to-Equity is 0.09, which is 36% below median its 10-year median of 0.14 and 84.2% below the Banks industry median of 0.57. Lakeland Financial's overall GF Score™ is 65/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Lakeland Financial (LKFN), the current Debt-to-Equity is 0.09 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Lakeland Financial (LKFN) Overvalued in 2026?
Based on GuruFocus' analysis, Lakeland Financial stock appears to be undervalued.
The current stock price of $61.12 is trading 10% below its estimated GF Value™ of $67.92.
GuruFocus considers Lakeland Financial to be Modestly Undervalued.
Key valuation signals for LKFN:
Debt-to-Equity: 0.09 (36% below median its 10-year median of 0.14)
GF Value™: $67.92 vs. price of $61.12 (10% below fair value)
Industry Position: 84.2% below the Banks median (#140 of 1418)
No single metric tells the full story. See the LKFN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lakeland Financial Corp is a bank holding company. It provides commercial, retail, wealth advisory, and investment management services. It offers a broad line of products and services throughout its Northern and Central Indiana markets. The company provides commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. It serves a wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and healthcare. The company's revenue is derived from the business of banking.
65GF Score
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