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Lakeland Bancorp PE Ratio

: 11.48 (As of Today)
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The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2022-01-17), Lakeland Bancorp's share price is $20.43. Lakeland Bancorp's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 was $1.78. Therefore, Lakeland Bancorp's PE Ratio for today is 11.48.


The historical rank and industry rank for Lakeland Bancorp's PE Ratio or its related term are showing as below:

NAS:LBAI' s PE Ratio Range Over the Past 10 Years
Min: 7.29   Med: 13.45   Max: 21.26
Current: 11.48

7.29
21.26

During the past 13 years, the highest PE Ratio of Lakeland Bancorp was 21.26. The lowest was 7.29. And the median was 13.45.


NAS:LBAI's PE Ratio is ranked lower than
52% of the 1380 Companies
in the Banks industry.

( Industry Median: 11.30 vs. NAS:LBAI: 11.48 )

Lakeland Bancorp's Earnings per Share (Diluted) for the three months ended in Sep. 2021 was $0.43. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 was $1.78.

As of today (2022-01-17), Lakeland Bancorp's share price is $20.43. Lakeland Bancorp's EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2021 was $1.78. Therefore, Lakeland Bancorp's PE Ratio without NRI for today is 11.48.

During the past 13 years, Lakeland Bancorp's highest PE Ratio without NRI was 21.26. The lowest was 7.29. And the median was 13.45.

Lakeland Bancorp's EPS without NRI for the three months ended in Sep. 2021 was $0.43. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2021 was $1.78.

During the past 12 months, Lakeland Bancorp's average EPS without NRI Growth Rate was -18.10% per year. During the past 3 years, the average EPS without NRI Growth Rate was 1.20% per year. During the past 5 years, the average EPS without NRI Growth Rate was 8.10% per year. During the past 10 years, the average EPS without NRI Growth Rate was 9.20% per year.

During the past 13 years, Lakeland Bancorp's highest 3-Year average EPS without NRI Growth Rate was 23.80% per year. The lowest was -17.80% per year. And the median was 5.70% per year.

Lakeland Bancorp's EPS (Basic) for the three months ended in Sep. 2021 was $0.43. Its EPS (Basic) for the trailing twelve months (TTM) ended in Sep. 2021 was $1.78.


Lakeland Bancorp PE Ratio Historical Data

The historical data trend for Lakeland Bancorp's PE Ratio 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.

* Premium members only.

Lakeland Bancorp Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
PE Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.53 17.66 11.22 12.59 11.24

Lakeland Bancorp Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
PE Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.88 11.24 13.11 10.72 9.90

Competitive Comparison

For the Banks - Regional subindustry, Lakeland Bancorp's PE Ratio, along with its competitors' market caps and PE Ratio 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 Bancorp PE Ratio Distribution

For the Banks industry and Financial Services sector, Lakeland Bancorp's PE Ratio distribution charts can be found below:

* The bar in red indicates where Lakeland Bancorp's PE Ratio falls into.



Lakeland Bancorp PE Ratio Calculation

The PE Ratio, or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

Lakeland Bancorp's PE Ratio for today is calculated as

PE Ratio=Share Price/Earnings per Share (Diluted) (TTM)
=20.43/1.780
=11.48

Lakeland Bancorp's Share Price of today is $20.43.
Lakeland Bancorp's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.78.

* 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.

It can also be calculated from the numbers for the whole company:


There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio or PE Ratio (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio, the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


Lakeland Bancorp  (NAS:LBAI) PE Ratio Explanation

The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.

If a company loses money, the PE Ratio becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.

Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratios are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio.


Lakeland Bancorp PE Ratio Related Terms

Thank you for viewing the detailed overview of Lakeland Bancorp's PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Lakeland Bancorp Business Description

Lakeland Bancorp logo
Industry
Financial Services » Banks NAICS : 522110 SIC : 6022
Traded in Other Exchanges
Address
250 Oak Ridge Road, Oak Ridge, NJ, USA, 07438
Lakeland Bancorp Inc is a bank holding company. It offers retail banking, business banking, and investment programs. The company's services are lending, depository, short and medium term loans, line and letters of credit, inventory and accounts receivable financing, construction and mortgage loans, merchant credit card services, checking account, savings accounts, now accounts, money market accounts, certificate of deposits, safe deposit, consumer installment loans and also wire transfer, internet and mobile banking, night depository services and investment and advisory services. The company operates through offices located in New Jersey and New York. Its primary source of revenue is interest income generated from loans, leases and investment securities.
Executives
Schwarz Ronald E officer: Sr. EVP & COO 250 OAK RIDGE ROAD OAK RIDGE NJ 07438
Inserra Lawrence R Jr director C/O LAKELAND BANCORP, INC. 250 OAK RIDGE ROAD OAK RIDGE NJ 07438
Mccracken Robert E director 250 OAK RIDGE ROAD OAK RIDGE NJ 07438
Hanson James E. Ii director C/O LAKELAND BANCORP, INC. 250 OAK RIDGE ROAD OAK RIDGE NJ 07438
Gragnolati Brian director C/O LAKELAND BANCORP, INC. 250 OAK RIDGE ROAD OAK RIDGE NJ 07438
Ho-sing-loy Paul officer: EVP Chief Information Officer C/O LAKELAND BANCORP, INC. 250 OAK RIDGE ROAD OAK RIDGE NJ 07438
Hendershot Janeth C director 250 OAK RIDGE ROAD OAK RIDGE NJ 07438
Lalwani Ellen officer: EVP/Chief Banking Officer C/O LAKELAND BANCORP, INC. 250 OAK RIDGE ROAD OAK RIDGE NJ 07438
Rath John F officer: EVP/Chief Loan Officer C/O LAKELAND BANCORP, INC. 250 OAK RIDGE ROAD OAK RIDGE NJ 07438
Matteson Timothy J officer: EVP, CAO & General Counsel 1000 MACARTHUR BLVD. MAHWAH NJ 07430
Nigro James M. officer: EVP Chief Risk Officer C/O LAKELAND BANCORP, INC. 250 OAK RIDGE ROAD OAK RIDGE NJ 07438
Shara Thomas officer: President and CEO 92 FROST COURT WYCOFF NJ 07481
Splaine Thomas Jr officer: EVP and CFO 101 JFK PARKWAY SHORT HILLS NJ 07078
Fredericks Mark J director LAKELAND BANK 250 OAK RIDGE RD OAK RIDGE NJ 07438
Deacon Mary Ann director LAKELAND BANK 250 OAK RIDGE RD OAK RIDGE NJ 07438

Lakeland Bancorp Headlines

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