Back to LH overview

LH Laboratory Corp Of America Holdings PE ratio, current and historical analysis

The PE ratio for Laboratory Corp Of America Holdings stock stands at 39.19 as of Jun 14, 2024. This takes into account the latest EPS of $5.1 and stock price of $199.88. An increase of 10% has been observed in the PE ratio compared to its average of 35.6 of the last four quarters.

LH PE ratio history

How has LH's PE ratio performed in the past

Over the last ten years, the average PE ratio of Laboratory Corp Of America Holdings has been 20.51. The current 39.19 P/E ratio is 91% higher than the historical average. Looking back at the last ten years, LH's PE ratio peaked in the Dec 2023 quarter at 47.35, with a price of $227.29 and an EPS of $4.8. The Jun 2021 quarter marked the lowest point at 9.34, with a price of $275.85 and an EPS of $29.54.

Average
20.51
Median
19.96
Minimum
9.34
Maximum
47.35

Laboratory Corp Of America Holdings PE ratio by year

Maximum annual increase: 182.52% in 2023

Maximum annual decrease: -36.64% in 2020

Year PE ratio Change
2023 47.35 182.52%
2022 16.76 31.25%
2021 12.77 0.31%
2020 12.73 -36.64%
2019 20.09 38.46%
2018 14.51 9.1%
2017 13.3 -28.11%
2016 18.5 -33.72%
2015 27.91 56.01%
2014 17.89 24.5%

LH average PE ratio chart

What is the average PE ratio of LH for the past years

Currently, LH's PE ratio is higher than the 3, 5 and 10-year averages.

3-year avg
20.46
5-year avg
21.75
10-year avg
20.51
15-year avg
18.83

LH PE vs peers

What is LH's PE ratio compared to its peers

In comparison to its peer IDXX, LH's PE ratio is lower, but it is higher than DGX's and QGEN's. Laboratory Corp Of America Holdings's PE ratio is trading above the peer average of 24.17.

Stock name PE ratio Market cap
ENZ Enzo Biochem Inc 1.26 $59.69M
DGX Quest Diagnostics Inc 18.31 $15.31B
QGEN Qiagen NV 28.8 $9.48B
LH Laboratory Corp Of America Holdings 39.19 $16.85B
IDXX Idexx Laboratories Inc 48.32 $41.62B
NEO Neogenomics Inc N/A $1.68B
TBIO Telesis Bio Inc N/A $8.33M

Frequently asked questions

What is Laboratory Corp Of America Holdings's PE ratio?

As of Jun 14, 2024, LH stock has a price to earnings ratio of 39.19.

What is the 3-year average PE ratio for Laboratory Corp Of America Holdings (LH)?

The 3-year average price to earnings ratio for LH stock is 20.46.

What is the 5-year average PE ratio for Laboratory Corp Of America Holdings (LH)?

The 5-year average price to earnings ratio for LH stock is 21.75.

What is the highest PE ratio for LH?

Over the last ten years, the quarterly PE ratio reached its highest level at 47.35 in the Dec 2023 quarter.

How does the current PE ratio for LH compare to its historical average?

LH's price to earnings ratio is currently 91% above its 10-year historical average.

How is LH's PE ratio calculated (Laboratory Corp Of America Holdings PE ratio formula)?

You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 14, 2024), Laboratory Corp Of America Holdings's share price is $199.88. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $5.1. Therefore, Laboratory Corp Of America Holdings's PE ratio for today is 39.19. PE RATIO(39.19) = STOCK PRICE($199.88) / TTM EPS($5.1)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.