The current PE ratio for LPL Financial Holdings stock as of Sep 28, 2023 is 16.01. This is calculated based on the TTM EPS of $14.92 and the stock price of $238.86 per share. The PE ratio marks a decrease of 18% from its last 4 quarters average of 19.4.
The average historical PE ratio of LPL Financial Holdings for the last ten years is 19.99. The current P/E ratio of 16.01 is 20% 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 |
|---|---|---|
| 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% |
| 2013 | 27.04 | 33.46% |
LPLA's current PE ratio is lower than its 3, 5 and 10-year averages.
LPLA's PE ratio stands higher than its peer stocks WFC and MS. LPL Financial Holdings's current PE ratio of 16.01 is higher than the average of its peers, which is 13.41.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WFC Wells Fargo & Company | 10.05 | $147.98B |
| BK Bank of New York Mellon Corp | 12.31 | $33.17B |
| RJF Raymond James Financial Inc | 12.34 | $20.93B |
| MS Morgan Stanley | 14.19 | $134.97B |
| TROW Price T Rowe Group Inc | 15.63 | $23.6B |
| SCHW Schwab Charles Corp | 15.9 | $100.16B |
| LPLA LPL Financial Holdings Inc | 15.98 | $18.19B |
As of Sep 28, 2023, LPLA stock has a price to earnings ratio of 16.01.
Over the last 3 years, the average price to earnings ratio for LPLA stock is 22.64.
Over the last 5 years, the average price to earnings ratio for LPLA stock is 18.51.
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 20% 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 (Sep 28, 2023), LPL Financial Holdings's share price is $238.86. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $14.92. Therefore, LPL Financial Holdings's PE ratio for today is 16.01. PE RATIO(16.01) = STOCK PRICE($238.86) / TTM EPS($14.92)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.