The PE ratio for Laboratory Corp Of America Holdings stock stands at 39.51 as of May 7, 2024. This takes into account the latest EPS of $5.1 and stock price of $201.5. An increase of 11% has been observed in the PE ratio compared to its average of 35.6 of the last four quarters.
Over the last ten years, the average PE ratio of Laboratory Corp Of America Holdings has been 20.51. The current 39.51 P/E ratio is 93% 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.
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% |
Currently, LH's PE ratio is higher than the 3, 5 and 10-year averages.
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 23.85.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ENZ Enzo Biochem Inc | 1.63 | $55.84M |
| DGX Quest Diagnostics Inc | 18.19 | $15.21B |
| QGEN Qiagen NV | 29.22 | $9.62B |
| LH Laboratory Corp Of America Holdings | 39.51 | $16.99B |
| IDXX Idexx Laboratories Inc | 46.37 | $39.95B |
| NEO Neogenomics Inc | N/A | $1.99B |
| TBIO Telesis Bio Inc | N/A | $9.33M |
As of May 7, 2024, LH stock has a price to earnings ratio of 39.51.
The 3-year average price to earnings ratio for LH stock is 20.46.
The 5-year average price to earnings ratio for LH stock is 21.75.
Over the last ten years, the quarterly PE ratio reached its highest level at 47.35 in the Dec 2023 quarter.
LH's price to earnings ratio is currently 93% above its 10-year historical average.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 7, 2024), Laboratory Corp Of America Holdings's share price is $201.5. 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 39.51. PE RATIO(39.51) = STOCK PRICE($201.5) / TTM EPS($5.1)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.