Lakeland Financial Corporation (LKFN) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
12.94
-2% vs avg
5yr avg: 13.27
30Y Low6.4·High19.8
P/FCF
↓
15.03
-5% vs avg
5yr avg: 15.81
30Y Low5.7·High48.9
P/B Ratio
↓
2.02
↓-24% vs avg
5yr avg: 2.66
30Y Low0.8·High3.3
ROE
↑
14.3%
-4% vs avg
5yr avg: 14.8%
30Y Low9%·High17%
Debt/EBITDA
↑
1.41
↑+21% vs avg
5yr avg: 1.17
30Y Low0.4·High14.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LKFN Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Lakeland Financial Corporation trades at 14.9x earnings, 18% below its 5-year average of 18.1x, sitting at the 47th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a premium of 10%. On a free-cash-flow basis, the stock trades at 15.0x P/FCF, roughly in line with the 5-year average of 15.8x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.6B | $1.5B | $1.8B | $1.7B | $1.9B | $2.1B | $1.4B | $1.3B | $1.0B | $1.2B | $1.2B |
| Enterprise Value | $1.7B | $1.6B | $1.6B | $1.6B | $2.0B | $1.4B | $1.2B | $1.3B | $1.3B | $1.2B | $1.5B |
| P/E Ratio → | 14.93 | 14.23 | 18.94 | 17.85 | 18.06 | 21.43 | 16.24 | 14.48 | 12.83 | 21.74 | 23.10 |
| P/S Ratio | 3.70 | 3.49 | 4.12 | 4.26 | 6.67 | 8.63 | 6.01 | 5.05 | 4.50 | 6.43 | 7.37 |
| P/B Ratio | 2.02 | 1.93 | 2.59 | 2.58 | 3.30 | 2.91 | 2.09 | 2.11 | 1.98 | 2.66 | 2.82 |
| P/FCF | 15.03 | 14.17 | 18.88 | 15.52 | 11.40 | 19.08 | 16.81 | 13.69 | 10.65 | 18.39 | 23.02 |
| P/OCF | 13.58 | 12.80 | 17.29 | 14.71 | 11.08 | 18.05 | 15.71 | 12.60 | 9.84 | 16.11 | 19.39 |
P/E links to full P/E history page with 30-year chart
LKFN EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Lakeland Financial Corporation's enterprise value stands at 12.9x EBITDA, roughly in line with its 5-year average of 13.3x. The Financial Services sector median is 11.4x, placing the stock at a 14% 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 | — | 3.79 | 3.73 | 4.00 | 7.26 | 6.07 | 5.29 | 5.33 | 5.50 | 6.46 | 9.04 |
| EV / EBITDA | 12.94 | 12.25 | 13.63 | 13.51 | 15.48 | 11.48 | 10.89 | 11.69 | 12.02 | 13.11 | 18.03 |
| EV / EBIT | 13.43 | 12.72 | 14.36 | 14.27 | 16.32 | 12.30 | 11.61 | 12.39 | 12.76 | 13.94 | 19.16 |
| EV / FCF | — | 15.40 | 17.09 | 14.58 | 12.42 | 13.43 | 14.79 | 14.46 | 13.02 | 18.47 | 28.25 |
LKFN Profitability
Margins and return-on-capital ratios measuring operating efficiency
Lakeland Financial Corporation earns an operating margin of 29.8%, above the Financial Services sector average of 20.3%. Operating margins have expanded from 28.1% to 29.8% over the past 3 years, signaling improving operational efficiency. ROE of 14.3% is modest. ROIC of 11.6% represents solid returns on invested capital versus a sector median of 5.5%.
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 | 61.0% | 61.0% | 55.1% | 61.3% | 83.6% | 93.2% | 80.3% | 74.6% | 76.4% | 83.0% | 86.8% |
| Operating Margin | 29.8% | 29.8% | 26.0% | 28.1% | 44.5% | 49.4% | 45.5% | 43.0% | 43.1% | 46.3% | 47.2% |
| Net Profit Margin | 24.5% | 24.5% | 21.7% | 23.9% | 36.9% | 40.2% | 37.0% | 34.8% | 35.0% | 29.6% | 31.8% |
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 | 14.3% | 14.3% | 14.0% | 15.4% | 16.3% | 14.1% | 13.4% | 15.5% | 16.2% | 12.8% | 12.7% |
| ROA | 1.5% | 1.5% | 1.4% | 1.4% | 1.6% | 1.5% | 1.6% | 1.8% | 1.7% | 1.3% | 1.3% |
| ROIC | 11.6% | 11.6% | 12.1% | 10.6% | 11.4% | 11.6% | 10.3% | 9.3% | 9.2% | 8.9% | 8.1% |
| ROCE | 15.8% | 15.8% | 14.5% | 12.8% | 14.2% | 14.6% | 13.1% | 15.6% | 18.1% | 18.0% | 16.9% |
LKFN Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Lakeland Financial Corporation carries a Debt/EBITDA ratio of 1.4x, which is manageable (67% below the sector average of 4.3x). Net debt stands at $127M ($184M total debt minus $57M cash). Interest coverage of just 0.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.24 | 0.24 | — | 0.08 | 0.52 | 0.11 | 0.13 | 0.28 | 0.86 | 0.39 | 1.03 |
| Debt / EBITDA | 1.41 | 1.41 | — | 0.43 | 2.25 | 0.60 | 0.77 | 1.49 | 4.25 | 1.90 | 5.38 |
| Net Debt / Equity | — | 0.17 | -0.25 | -0.16 | 0.29 | -0.86 | -0.25 | 0.12 | 0.44 | 0.01 | 0.64 |
| Net Debt / EBITDA | 0.97 | 0.97 | -1.43 | -0.87 | 1.26 | -4.83 | -1.49 | 0.62 | 2.18 | 0.06 | 3.34 |
| Debt / FCF | — | 1.22 | -1.79 | -0.94 | 1.01 | -5.65 | -2.02 | 0.77 | 2.37 | 0.08 | 5.23 |
| Interest Coverage | 0.82 | 0.82 | 0.63 | 0.75 | 3.41 | 7.76 | 3.45 | 1.78 | 2.07 | 3.01 | 3.77 |
LKFN Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.03x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.21x to 0.03x 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 | 0.03 | 0.03 | 0.10 | 0.21 | 0.24 | 0.37 | 0.20 | 0.17 | 0.19 | 0.17 | 0.18 |
| Quick Ratio | 0.03 | 0.03 | 0.10 | 0.21 | 0.24 | 0.37 | 0.20 | 0.17 | 0.19 | 0.17 | 0.18 |
| Cash Ratio | 0.01 | 0.01 | 0.03 | 0.03 | 0.02 | 0.12 | 0.05 | 0.02 | 0.05 | 0.04 | 0.04 |
| Asset Turnover | — | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
LKFN Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Lakeland Financial Corporation returns 4.6% to shareholders annually — split between a 3.3% dividend yield and 1.3% buyback yield. A payout ratio of 49.7% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 6.7% (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 | 3.3% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 49.7% | 49.7% | 52.7% | 50.2% | 39.3% | 36.2% | 36.2% | 34.0% | 31.4% | 37.3% | 34.9% |
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 | 6.7% | 7.0% | 5.3% | 5.6% | 5.5% | 4.7% | 6.2% | 6.9% | 7.8% | 4.6% | 4.3% |
| FCF Yield | 6.7% | 7.1% | 5.3% | 6.4% | 8.8% | 5.2% | 5.9% | 7.3% | 9.4% | 5.4% | 4.3% |
| Buyback Yield | 1.3% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 4.6% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $26M | $25M |
Peer Comparison
Compare LKFN 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 |
|---|---|---|---|---|---|---|---|---|---|
 LKFNYou | $2B | 14.9 | 12.9 | 15.0 | 61.0% | 29.8% | 14.3% | 11.6% | 1.4 |
 FFIN | $5B | 18.5 | 11.4 | 15.3 | 71.8% | 37.5% | 14.4% | 12.4% | 0.1 |
 TOWN | $3B | 15.7 | 13.2 | 12.5 | 69.6% | 20.9% | 7.4% | 6.0% | 1.8 |
 SFNC | $3B | -7.4 | — | 7.5 | 5.8% | -84.2% | -11.4% | -9.1% | — |
 FULT | $4B | 11.0 | 10.3 | 15.5 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
 IBCP | $706M | 10.5 | 9.5 | 10.1 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 NBTB | $2B | 14.0 | 10.7 | 11.1 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 HBAN | $27B | 12.1 | 16.1 | 11.7 | 61.7% | 21.5% | 10.0% | 5.1% | 6.9 |
 FITB | $35B | 14.9 | 12.8 | 9.3 | 65.3% | 24.9% | 12.2% | 6.4% | 4.0 |
 ONB | $10B | 13.9 | 15.5 | 15.0 | 63.6% | 23.6% | 9.0% | 4.7% | 7.6 |
 FBNC | $3B | 22.7 | 15.8 | 12.7 | 70.1% | 26.6% | 7.2% | 6.8% | 0.5 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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LKFN — Frequently Asked Questions
Quick answers to the most common questions about buying LKFN stock.
What is Lakeland Financial Corporation's P/E ratio?
Lakeland Financial Corporation's current P/E ratio is 14.9x. The historical average is 17.2x. This places it at the 47th percentile of its historical range.
What is Lakeland Financial Corporation's EV/EBITDA?
Lakeland Financial Corporation's current EV/EBITDA is 12.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.7x.
What is Lakeland Financial Corporation's ROE?
Lakeland Financial Corporation's return on equity (ROE) is 14.3%. The historical average is 14.2%.
Is LKFN stock overvalued?
Based on historical data, Lakeland Financial Corporation is trading at a P/E of 14.9x. This is at the 47th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Lakeland Financial Corporation's dividend yield?
Lakeland Financial Corporation's current dividend yield is 3.33% with a payout ratio of 49.7%.
What are Lakeland Financial Corporation's profit margins?
Lakeland Financial Corporation has 61.0% gross margin and 29.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Lakeland Financial Corporation have?
Lakeland Financial Corporation's Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.