Labcorp Holdings Inc. (LH) P/E Ratio History
Historical price-to-earnings valuation from 1989 to 2026
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LH Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Labcorp Holdings Inc. (LH) trades at a price-to-earnings ratio of 24.7x, with a stock price of $258.04 and trailing twelve-month earnings per share of $11.36.
The current P/E is roughly in line with its 5-year average of 23.6x. Over the past five years, LH's P/E has ranged from a low of 8.1x to a high of 48.9x, placing the current valuation at the 55th percentile of its historical range.
Compared to the Healthcare sector median P/E of 22.3x, LH is roughly in line with its sector peers. The sector includes 241 companies with P/E ratios ranging from 0.0x to 177.5x.
Relative to the broader market, LH trades roughly in line with the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our LH DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
LH P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $21B | 21.8 | - | +14% | |
| $3B | 135.8 | - | +109% | |
| $7B | 9.2Lowest | - | +143%Best | |
| $30B | 22.8 | 0.56Best | +5% | |
| $12B | 28.1 | 0.88 | +21% | |
| $10B | 13.1 | 1.87 | +29% | |
| $176B | 26.8 | 12.67 | +7% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
LH Historical P/E Data (1989–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $266.81 | $11.29 | 23.6x | -45% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $250.88 | $10.46 | 24.0x | -44% |
| FY2025 Q3 | $287.06 | $10.18 | 28.2x | -34% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $262.51 | $9.07 | 28.9x | -33% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $232.74 | $8.67 | 26.8x | -37% |
| FY2024 Q4 | $229.32 | $8.84 | 25.9x | -40% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $223.48 | $5.17 | 43.2x | +1% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $203.51 | $5.27 | 38.6x | -10% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $218.46 | $4.95 | 44.1x | +3% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $227.29 | $4.65 | 48.9x | +14% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $201.05 | $7.48 | 26.9x | -37% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $207.32 | $9.26 | 22.4x | -48% |
Average P/E for displayed period: 42.9x
Full LH Stock Analysis
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Start ComparisonLH — Frequently Asked Questions
Quick answers to the most common questions about buying LH stock.
Is LH stock overvalued or undervalued?
LH trades at 24.7x P/E, near its 5-year average of 23.6x. The 55th percentile ranking places valuation within normal historical bounds.
How does LH's valuation compare to peers?
Labcorp Holdings Inc. P/E of 24.7x compares to sector median of 22.3x. The premium reflects expected growth above peers.
What is LH's PEG ratio?
LH PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1989-2026.