Lamar Advertising Company (LAMR) Financial Ratios
30 years of historical data (1996–2025) · Real Estate · REIT - Specialty
EV/EBITDA
↓
20.80
+19% vs avg
5yr avg: 17.50
30Y Low5.8·High28.0
P/FCF
↓
20.63
+17% vs avg
5yr avg: 17.58
30Y Low7.8·High166.4
P/B Ratio
↑
14.84
↑+44% vs avg
5yr avg: 10.30
30Y Low1.3·High18.5
ROE
↑
56.7%
↓+43% vs avg
5yr avg: 39.6%
30Y Low-7%·High57%
Debt/EBITDA
↑
6.04
+18% vs avg
5yr avg: 5.13
30Y Low1.5·High31.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LAMR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Lamar Advertising Company trades at 25.9x earnings, roughly in line with its 5-year average of 26.4x, sitting at the 53rd percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a premium of 8%. On a free-cash-flow basis, the stock trades at 20.6x P/FCF, 17% above the 5-year average of 17.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $15.2B | $12.9B | $12.5B | $10.9B | $9.6B | $12.3B | $8.4B | $9.0B | $6.9B | $7.3B | $6.6B |
| Enterprise Value | $21.3B | $19.0B | $17.0B | $15.5B | $14.1B | $16.4B | $12.4B | $13.2B | $9.7B | $9.7B | $8.9B |
| P/E Ratio → | 25.94 | 21.94 | 34.59 | 21.91 | 21.90 | 31.67 | 34.53 | 24.06 | 22.46 | 22.98 | 22.05 |
| P/S Ratio | 6.70 | 5.68 | 5.66 | 5.14 | 4.72 | 6.88 | 5.35 | 5.11 | 4.21 | 4.74 | 4.38 |
| P/B Ratio | 14.84 | 12.55 | 11.91 | 8.92 | 8.03 | 10.10 | 6.98 | 7.59 | 6.06 | 6.62 | 6.14 |
| P/FCF | 20.63 | 17.48 | 16.68 | 17.93 | 15.61 | 20.21 | 16.54 | 166.44 | 15.33 | 18.36 | 15.86 |
| P/OCF | 17.58 | 14.89 | 14.29 | 13.85 | 12.28 | 16.74 | 14.74 | 45.98 | 12.14 | 14.40 | 12.59 |
P/E links to full P/E history page with 30-year chart
LAMR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Lamar Advertising Company's enterprise value stands at 20.8x EBITDA, 19% above its 5-year average of 17.5x. The Real Estate sector median is 17.0x, placing the stock at a 23% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.38 | 7.70 | 7.32 | 6.95 | 9.19 | 7.89 | 7.51 | 5.97 | 6.32 | 5.92 |
| EV / EBITDA | 20.80 | 18.53 | 17.08 | 15.95 | 15.22 | 20.72 | 18.70 | 17.16 | 5.97 | 6.70 | 5.84 |
| EV / EBIT | 30.52 | 24.50 | 31.52 | 22.68 | 24.18 | 32.60 | 32.08 | 25.41 | 21.81 | 21.40 | 20.38 |
| EV / FCF | — | 25.79 | 22.71 | 25.52 | 22.97 | 26.99 | 24.37 | 244.86 | 21.74 | 24.50 | 21.44 |
LAMR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Lamar Advertising Company earns an operating margin of 30.8%, above the Real Estate sector average of 24.8%. Operating margins have compressed from 32.0% to 30.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 56.7% is exceptionally high. ROIC of 8.2% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.2% | 38.2% | 67.0% | 67.0% | 67.2% | 67.7% | 64.5% | 66.4% | 65.5% | 64.9% | 65.0% |
| Operating Margin | 30.8% | 30.8% | 24.1% | 32.0% | 28.4% | 29.2% | 26.1% | 29.5% | 28.3% | 29.5% | 29.3% |
| Net Profit Margin | 25.9% | 25.9% | 16.4% | 23.5% | 21.6% | 21.7% | 15.5% | 21.2% | 18.8% | 20.6% | 19.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 56.7% | 56.7% | 32.0% | 41.1% | 36.4% | 32.1% | 20.4% | 32.2% | 27.3% | 29.2% | 28.6% |
| ROA | 8.7% | 8.7% | 5.5% | 7.6% | 7.0% | 6.6% | 4.1% | 7.1% | 7.0% | 7.8% | 8.2% |
| ROIC | 8.2% | 8.2% | 7.0% | 8.8% | 7.8% | 7.4% | 5.8% | 8.3% | 9.2% | 9.9% | 10.5% |
| ROCE | 11.4% | 11.4% | 9.1% | 11.6% | 10.4% | 9.8% | 7.8% | 11.1% | 11.5% | 12.1% | 13.0% |
LAMR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Lamar Advertising Company carries a Debt/EBITDA ratio of 6.0x, which is highly leveraged (24% below the sector average of 7.9x). Net debt stands at $6.1B ($6.2B total debt minus $65M cash). Interest coverage of 4.8x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 6.04 | 6.04 | 4.35 | 3.82 | 3.82 | 3.47 | 3.41 | 3.60 | 2.55 | 2.32 | 2.20 |
| Debt / EBITDA | 6.04 | 6.04 | 4.58 | 4.79 | 4.93 | 5.33 | 6.19 | 5.53 | 1.77 | 1.76 | 1.54 |
| Net Debt / Equity | — | 5.97 | 4.30 | 3.78 | 3.78 | 3.39 | 3.30 | 3.57 | 2.53 | 2.21 | 2.16 |
| Net Debt / EBITDA | 5.97 | 5.97 | 4.53 | 4.75 | 4.87 | 5.21 | 6.01 | 5.50 | 1.76 | 1.68 | 1.52 |
| Debt / FCF | — | 8.32 | 6.02 | 7.60 | 7.35 | 6.78 | 7.83 | 78.42 | 6.41 | 6.14 | 5.59 |
| Interest Coverage | 4.83 | 4.83 | 3.14 | 3.90 | 4.58 | 4.74 | 2.80 | 3.44 | 3.44 | 3.55 | 3.52 |
LAMR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.95x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.52x to 0.95x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.95 | 0.95 | 0.55 | 0.52 | 0.50 | 0.59 | 0.69 | 0.46 | 0.80 | 1.29 | 1.14 |
| Quick Ratio | 0.95 | 0.95 | 0.55 | 0.52 | 0.50 | 0.59 | 0.69 | 0.46 | 0.62 | 1.13 | 0.96 |
| Cash Ratio | 0.13 | 0.13 | 0.06 | 0.06 | 0.07 | 0.15 | 0.22 | 0.04 | 0.05 | 0.35 | 0.13 |
| Asset Turnover | — | 0.33 | 0.34 | 0.32 | 0.31 | 0.30 | 0.27 | 0.30 | 0.36 | 0.37 | 0.38 |
| Inventory Turnover | — | — | — | — | — | — | — | — | 6.96 | 10.59 | 10.43 |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
LAMR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Lamar Advertising Company returns 5.4% to shareholders annually — split between a 4.3% dividend yield and 1.0% buyback yield. The payout ratio exceeds 100% at 111.8%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 3.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 4.3% | 5.1% | 4.6% | 4.7% | 5.3% | 3.3% | 3.0% | 4.3% | 6.5% | 3.3% | 4.5% |
| Payout Ratio | 111.8% | 111.8% | 160.0% | 102.9% | 115.9% | 104.3% | 103.5% | 103.5% | 145.2% | 76.9% | 98.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.9% | 4.6% | 2.9% | 4.6% | 4.6% | 3.2% | 2.9% | 4.2% | 4.5% | 4.4% | 4.5% |
| FCF Yield | 4.8% | 5.7% | 6.0% | 5.6% | 6.4% | 4.9% | 6.0% | 0.6% | 6.5% | 5.4% | 6.3% |
| Buyback Yield | 1.0% | 1.2% | 0.0% | 0.1% | 0.1% | 0.0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 5.4% | 6.3% | 4.7% | 4.8% | 5.4% | 3.3% | 3.1% | 4.4% | 6.5% | 3.5% | 4.6% |
| Shares Outstanding | — | $102M | $103M | $102M | $102M | $101M | $101M | $100M | $99M | $98M | $98M |
Peer Comparison
Compare LAMR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 LAMRYou | $15B | 25.9 | 20.8 | 20.6 | 38.2% | 30.8% | 56.7% | 8.2% | 6.0 |
 CCO | $1B | -11.5 | 15.7 | 38.4 | 42.5% | 19.0% | — | 7.4% | 13.5 |
 OUT | $5B | 35.8 | 20.2 | 27.6 | 32.1% | 16.8% | 19.4% | 4.9% | 8.8 |
 IPG | $9B | 13.4 | 7.5 | 9.8 | 17.0% | 11.3% | 17.3% | 14.7% | 2.9 |
 OMC | $22B | -264.3 | 9.8 | 7.9 | 17.3% | 15.0% | -0.6% | 14.5% | 4.5 |
 WPP | $4B | 5.6 | 3.7 | 2.5 | 16.6% | 9.0% | 14.3% | 12.5% | 3.5 |
 MGNI | $3B | 18.8 | 15.1 | 15.5 | 62.7% | 13.7% | 17.1% | 9.5% | 1.8 |
 TTD | $9B | 20.3 | 12.0 | 10.9 | 78.6% | 20.3% | 16.3% | 21.3% | 0.6 |
 GOOGL | $4.5T | 34.0 | 29.8 | 60.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 META | $1.5T | 24.6 | 14.8 | 31.7 | 82.0% | 41.4% | 30.2% | 27.6% | 0.8 |
 DIS | $180B | 15.2 | 11.5 | 17.9 | 37.8% | 14.6% | 11.3% | 6.9% | 2.3 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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LAMR — Frequently Asked Questions
Quick answers to the most common questions about buying LAMR stock.
What is Lamar Advertising Company's P/E ratio?
Lamar Advertising Company's current P/E ratio is 25.9x. The historical average is 54.5x. This places it at the 53th percentile of its historical range.
What is Lamar Advertising Company's EV/EBITDA?
Lamar Advertising Company's current EV/EBITDA is 20.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 14.8x.
What is Lamar Advertising Company's ROE?
Lamar Advertising Company's return on equity (ROE) is 56.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 12.6%.
Is LAMR stock overvalued?
Based on historical data, Lamar Advertising Company is trading at a P/E of 25.9x. This is at the 53th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Lamar Advertising Company's dividend yield?
Lamar Advertising Company's current dividend yield is 4.31% with a payout ratio of 111.8%.
What are Lamar Advertising Company's profit margins?
Lamar Advertising Company has 38.2% gross margin and 30.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Lamar Advertising Company have?
Lamar Advertising Company's Debt/EBITDA ratio is 6.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.