Latest Ratios: P/E Ratio 17.8x · EV/EBITDA 3.0x · ROE 2.8%. (2001–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $2.9B | $4.2B | $2.9B | $3.6B | $3.9B | $8.8B | $6.6B | $5.4B | $5.9B | $9.8B | $9.2B |
| Enterprise Value | $11.1B | $11.17T | $12.59T | $14.35T | $13.24T | $9.22T | $15.7B | $14.3B | $6.20T | $3.01T | $3.23T |
| P/E Ratio → | 17.83 | 0.02 | — | — | — | 0.01 | — | — | — | 0.01 | 0.01 |
| P/S Ratio | 0.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| P/B Ratio | 0.52 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.56 | 0.50 | 0.00 | 0.00 | 0.00 |
| P/FCF | 6189.95 | 6.45 | 0.01 | — | — | 0.00 | — | — | — | 0.06 | — |
| P/OCF | 2523.84 | 2.63 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.43 | 0.47 | 0.67 | 0.51 | 0.31 | 0.00 | 0.00 | 0.25 | 0.11 | 0.12 |
| EV / EBITDA | 3.04 | 2.23 | 2.76 | 8.42 | 5.36 | 1.37 | 0.00 | 0.01 | 1.70 | 0.53 | 0.75 |
| EV / EBIT | 29.40 | 9.20 | — | — | — | 4.28 | — | — | — | 1.24 | 2.26 |
| EV / FCF | — | 17113.94 | 40.86 | — | — | 3.40 | — | — | — | 17.32 | — |
Margins and return-on-capital ratios measuring operating efficiency
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 | 13.1% | 13.1% | 9.7% | 1.6% | 4.3% | 17.8% | 10.9% | 8.0% | 12.7% | 19.3% | 14.1% |
| Operating Margin | 2.0% | 2.0% | -2.1% | -11.8% | -8.0% | 7.5% | -0.2% | -5.8% | 0.4% | 8.9% | 4.9% |
| Net Profit Margin | 0.9% | 0.9% | -9.6% | -12.8% | -11.7% | 4.0% | -0.4% | -12.1% | -0.9% | 6.5% | 3.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 2.8% | 2.8% | -30.4% | -27.2% | -23.6% | 16.1% | -842.4% | -38.0% | -1.4% | 12.7% | 6.9% |
| ROA | 0.8% | 0.8% | -7.5% | -7.7% | -8.3% | 6.2% | -300.9% | -17.0% | -0.7% | 6.7% | 3.8% |
| ROIC | 2.0% | 2.0% | -1.9% | -7.9% | -6.4% | 13.9% | -135.0% | -9.7% | 0.4% | 10.7% | 6.0% |
| ROCE | 3.0% | 3.0% | -2.9% | -11.5% | -9.1% | 18.4% | -168.0% | -11.7% | 0.4% | 13.0% | 7.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.62 | 1.62 | 1.81 | 1.89 | 1.33 | 0.86 | 1.11 | 1.09 | 0.57 | 0.37 | 0.35 |
| Debt / EBITDA | 2.55 | 2.55 | 3.20 | 9.75 | 6.09 | 1.89 | 0.00 | 0.01 | 2.35 | 0.99 | 1.10 |
| Net Debt / Equity | — | 1.42 | 1.56 | 1.64 | 1.17 | 0.62 | 0.78 | 0.82 | 0.42 | 0.20 | 0.24 |
| Net Debt / EBITDA | 2.23 | 2.23 | 2.76 | 8.42 | 5.35 | 1.37 | 0.00 | 0.00 | 1.70 | 0.53 | 0.74 |
| Debt / FCF | — | 17107.48 | 40.85 | — | — | 3.39 | — | — | — | 17.27 | — |
| Interest Coverage | 1.70 | 1.70 | -1.41 | -3.62 | -7.28 | 4.96 | -735.43 | -21409.81 | -0.13 | 26.76 | 12.48 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.73 | 0.73 | 0.64 | 0.68 | 0.68 | 0.94 | 1.01 | 0.93 | 0.88 | 1.17 | 1.49 |
| Quick Ratio | 0.46 | 0.46 | 0.47 | 0.50 | 0.68 | 0.94 | 0.81 | 0.75 | 0.61 | 0.90 | 1.16 |
| Cash Ratio | 0.17 | 0.17 | 0.13 | 0.23 | 0.15 | 0.26 | 0.39 | 0.31 | 0.24 | 0.38 | 0.39 |
| Asset Turnover | — | 0.96 | 0.81 | 0.60 | 0.73 | 0.78 | 751.59 | 763.14 | 0.73 | 0.95 | 1.07 |
| Inventory Turnover | 8.81 | 8.81 | 9.00 | 8.30 | 11015.82 | 8718.75 | 10822.85 | 12182.25 | 7.90 | 9.54 | 9.95 |
| Days Sales Outstanding | — | 36.17 | 53.58 | 57.76 | 0.03 | 0.05 | 0.06 | 0.06 | 42.43 | 56.81 | 68.28 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | — | — | — | — | 100.0% | — | — | — | 100.0% | 100.0% | 100.0% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 9.9% | 19.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.6% | 5380.0% | — | — | — | 14228.2% | — | — | — | 18306.7% | 9859.9% |
| FCF Yield | 0.0% | 15.5% | 10649.2% | — | — | 30939.1% | — | — | — | 1764.7% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 100.0% | 0.0% | 0.0% | 0.0% | 100.0% | 100.0% | 100.0% |
| Shares Outstanding | — | $1.0B | $942M | $743M | $779M | $869M | $779M | $779M | $716M | $716M | $716M |
Includes 30+ ratios · 25 years · Updated daily
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Quick answers to the most common questions about buying LPL stock.
LG Display Co., Ltd.'s current P/E ratio is 17.8x. The historical average is 0.0x. This places it at the 100th percentile of its historical range.
LG Display Co., Ltd.'s current EV/EBITDA is 3.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.5x.
LG Display Co., Ltd.'s return on equity (ROE) is 2.8%. The historical average is 4.8%.
Based on historical data, LG Display Co., Ltd. is trading at a P/E of 17.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
LG Display Co., Ltd. has 13.1% gross margin and 2.0% operating margin.
LG Display Co., Ltd.'s Debt/EBITDA ratio is 2.5x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.
Key Metrics
Top Statement Risk
Leverage constrains strategic flexibility
Margin Volatility Undermines Earning Power
LG Display's gross margin has swung from 4.1% to 16.4% over the past ten quarters, with the most recent reading at 8.9%, indicating extreme sensitivity to panel pricing and a lack of sustainable pricing power.
The company's operating margin has been negative in six of the last ten quarters, with the most recent quarter showing a -1.9% margin, suggesting that volume growth is not translating into meaningful operating leverage. This pattern underscores the structural weakness of a high fixed-cost business model facing persistent commodity price pressure, where even minor revenue declines can rapidly erode profitability.
Capital Returns Remain Negative and Erratic
Return on Invested Capital (ROIC) has been negative in six of the last ten quarters, with the most recent reading at -0.4%, indicating the company is destroying value on the capital invested in its fabrication facilities.
The volatile ROIC trend, which swung from -1.5% to 1.6% before falling back to negative territory, suggests that any periods of positive returns are driven by cyclical pricing spikes rather than sustainable operational improvements. This pattern implies that the massive capital base tied up in fabs is not generating adequate returns to justify its cost, a critical concern for a capital-intensive manufacturer.
Elevated Leverage Amidst Thin Profitability
The debt-to-equity ratio has remained elevated near 1.76 as of 2026Q2, while interest coverage has been negative in seven of the last ten quarters, indicating that debt service is consuming cash flow and limiting financial flexibility.
The combination of high leverage and negative interest coverage suggests the company's capital structure is heavily reliant on borrowed funds, with limited capacity to absorb further cyclical downturns. This leverage profile constrains strategic flexibility, making it difficult to fund the necessary OLED transition without significant dilution or further increases in debt.
Liquidity Position Appears Constrained
The current ratio has deteriorated to 0.63 in 2026Q2, and the quick ratio stands at 0.37, indicating that the company's liquid assets are insufficient to cover short-term liabilities without relying on inventory turnover.
The low quick ratio suggests that under severe stress, the company would face significant difficulty meeting its immediate obligations without liquidating inventory at potentially unfavorable prices. This tight liquidity profile, combined with the negative interest coverage, warrants close monitoring of the company's ability to manage its working capital cycles.
The Misapplied Price-to-Book Ratio
The Price-to-Book (P/B) ratio of 0.59 is the most commonly misapplied metric for LG Display, as it obscures the reality that the company's book equity is entirely composed of paid-in capital and is being actively consumed by accumulated losses.
For a capital-intensive manufacturer with negative retained earnings, the P/B ratio is misleading because it implies a margin of safety based on asset value, when in reality the asset base is depreciating and the equity base is eroding. A more appropriate metric would be EV/EBITDA, which focuses on operating cash flow generation relative to enterprise value, though even this metric is currently distorted by the company's thin and volatile profitability.