The current PE ratio for LPL Financial Holdings stock as of Jul 25, 2024 is 17.81. This is calculated based on the TTM EPS of $13.43 and the stock price of $239.2 per share. The PE ratio marks an increase of 7% from its last 4 quarters average of 16.6.
The average historical PE ratio of LPL Financial Holdings for the last ten years is 19.04. The current P/E ratio of 17.81 is 6% lower than the historical average. Looking back at the last ten years, LPLA's PE ratio peaked in the Mar 2022 quarter at 31.5, when the price was $182.68 and the EPS was $5.8. The lowest point was in the Mar 2020 quarter, when it reached 7.89 with a price of $54.43 and an EPS of $6.9.
Maximum annual increase: 59.18% in 2021
Maximum annual decrease: -43.23% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 16.4 | -19.57% |
| 2022 | 20.39 | -26.76% |
| 2021 | 27.84 | 59.18% |
| 2020 | 17.49 | 28.51% |
| 2019 | 13.61 | 11.19% |
| 2018 | 12.24 | -43.23% |
| 2017 | 21.56 | 31.62% |
| 2016 | 16.38 | -32.03% |
| 2015 | 24.1 | -3.72% |
| 2014 | 25.03 | -7.43% |
LPLA's current PE ratio is lower than its 3, 5 and 10-year averages.
LPLA's PE ratio stands lower than its peer stocks MS and SCHW, but it is higher than WFC's and BK's. LPL Financial Holdings's current PE ratio of 17.81 is higher than the average of its peers, which is 17.06.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WFC Wells Fargo & Company | 12.45 | $210.54B |
| TROW Price T Rowe Group Inc | 13.26 | $25.02B |
| RJF Raymond James Financial Inc | 13.78 | $24.19B |
| BK Bank of New York Mellon Corp | 16.3 | $48.87B |
| LPLA LPL Financial Holdings Inc | 16.49 | $16.54B |
| MS Morgan Stanley | 18.77 | $169.33B |
| SCHW Schwab Charles Corp | 27.75 | $121.76B |
As of Jul 25, 2024, LPLA stock has a price to earnings ratio of 17.81.
Over the last 3 years, the average price to earnings ratio for LPLA stock is 22.3.
Over the last 5 years, the average price to earnings ratio for LPLA stock is 19.46.
Over the last ten years, the quarterly PE ratio reached its highest level at 31.5 in the Mar 2022 quarter.
The current PE ratio of LPLA is 6% lower than the 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Jul 25, 2024), LPL Financial Holdings's share price is $239.2. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $13.43. Therefore, LPL Financial Holdings's PE ratio for today is 17.81. PE RATIO(17.81) = STOCK PRICE($239.2) / TTM EPS($13.43)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.