Lloyds Banking GroupLSE:LLOY +2.11%54 PS Ratio is 3.21 as of Jul. 01, 2026, which is 40% above its 10-year median of 2.30. GuruFocus rates LSE:LLOY with a GF Score™ of 54/100 and a GF Value™ of £0.70 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,519 Banks companies, Lloyds Banking Group ranks worse than 53% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Lloyds Banking Group's share price is £1.111.
Lloyds Banking Group's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was £0.35. Hence, Lloyds Banking Group's PS Ratio for today is 3.21.
Warning Sign:
Lloyds Banking Group PLC stock PS Ratio (=3.14) is close to 3-year high of 3.25.
The historical rank and industry rank for Lloyds Banking Group's PS Ratio or its related term are showing as below:
LSE:LLOY'
s PS Ratio Range Over the Past 10 Years
Min: 1.42 Med: 2.3 Max: 8.78
Current: 3.21
During the past 13 years, Lloyds Banking Group's highest PS Ratio was 8.78. The lowest was 1.42. And the median was 2.30.
LSE:LLOY's PS Ratio is ranked worse than 53% of 1519
companies
in the Banks industry
Industry Median: 2.97
vs LSE:LLOY: 3.21
During the past 12 months, the average Revenue per Share Growth Rate of Lloyds Banking Group was 13.10% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 12.90% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 9.70% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 2.30% per year.
During the past 13 years, Lloyds Banking Group's highest 3-Year average Revenue per Share Growth Rate was 43.40% per year. The lowest was -32.60% per year. And the median was -3.30% per year.
Back to Basics: PS Ratio
Lloyds Banking Group (LSE:LLOY) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Lloyds Banking Group PS Ratio Related Terms
Lloyds Banking Group PS Ratio Historical Data
* Premium members only.
The historical data trend for Lloyds Banking Group's PS 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.
Lloyds Banking Group PS Ratio Competitor Comparison
For the Banks - Regional subindustry, Lloyds Banking Group's PS Ratio, along with its competitors' market caps and PS 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.
Lloyds Banking Group PS Ratio vs Banks Industry
For the Banks industry and Financial Services sector, Lloyds Banking Group's PS Ratio distribution charts can be found below:
* The bar in red indicates where Lloyds Banking Group's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Lloyds Banking Group's Share Price of today is £1.111. Lloyds Banking Group's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was £0.35.
* 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:
Lloyds Banking Group (LSE:LLOY) has a PS Ratio of 3.21 as of Jul. 01, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Lloyds Banking Group and its competitors. This is 40% above median its historical median of 2.30. Over the past decade, Lloyds Banking Group's PS Ratio has ranged from 1.42 to 8.78. According to the industry distribution chart, Lloyds Banking Group ranks #805 out of 1519 companies in the Banks industry, placing it in the top 53%.
Is Lloyds Banking Group's PS Ratio too high?
Lloyds Banking Group's current PS Ratio of 3.21 is 40% above median its 10-year median of 2.30. Over the past 10 years, this metric has ranged from a low of 1.42 to a high of 8.78. The Banks industry median PS Ratio is 2.97. Lloyds Banking Group's value of 3.21 is 8.1% above this industry median. Based on the distribution chart, Lloyds Banking Group ranks #805 out of 1519 companies in the Banks industry, which is below the industry midpoint. Overall, Lloyds Banking Group has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lloyds Banking Group's PS Ratio compare to competitors?
According to the Banks industry distribution chart, Lloyds Banking Group ranks #805 out of 1519 companies for PS Ratio. This places Lloyds Banking Group in the lower half of its industry. The industry median PS Ratio is 2.97. Lloyds Banking Group's value of 3.21 is 8.1% above this benchmark. Historically, Lloyds Banking Group's own PS Ratio has ranged from 1.42 to 8.78 over the past decade. While the company's 10-year median is 2.30 vs. the industry median of 2.97, Lloyds Banking Group has consistently been above 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 PS Ratio for a Banks company?
The median PS Ratio among Banks companies is 2.97, based on 1,519 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lloyds Banking Group's current PS Ratio of 3.21 is 8.1% above 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Lloyds Banking Group and its competitors. For the Banks industry, the median PS Ratio is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lloyds Banking Group's current PS Ratio is 3.21, which is 40% above median its own 10-year median of 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lloyds Banking Group stock overvalued right now?
Based on GuruFocus' analysis, Lloyds Banking Group (LSE:LLOY) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.70, compared to a current price of £1.11 — trading 58.7% above its estimated fair value. The current PS Ratio is 3.21, which is 40% above median its 10-year median of 2.30 and 8.1% above the Banks industry median of 2.97. Lloyds Banking Group's overall GF Score™ is 54/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Lloyds Banking Group (LSE:LLOY), the current PS Ratio is 3.21 as of Jul. 01, 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 Lloyds Banking Group (LSE:LLOY) Overvalued in 2026?
Based on GuruFocus' analysis, Lloyds Banking Group stock appears to be overvalued.
The current stock price of £1.11 is trading 58.7% above its estimated GF Value™ of £0.70.
GuruFocus considers Lloyds Banking Group to be Significantly Overvalued.
Key valuation signals for LSE:LLOY:
PS Ratio: 3.21 (40% above median its 10-year median of 2.30)
GF Value™: £0.70 vs. price of £1.11 (58.7% above fair value)
Industry Position: 8.1% above the Banks median (#805 of 1519)
No single metric tells the full story. See the LSE:LLOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK. Insurance and wealth round out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset management services.
54GF Score
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