Latest Ratios: P/E Ratio 77.6x · EV/EBITDA 21.0x · ROE 8.6%. (1996–2025 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 | $5.3B | $5.7B | $7.4B | $5.1B | $4.6B | $7.7B | $4.2B | $3.6B | $3.2B | $3.8B | $2.8B |
| Enterprise Value | $5.4B | $5.8B | $7.4B | $5.3B | $4.6B | $7.7B | $4.0B | $3.9B | $2.7B | $3.3B | $2.5B |
| P/E Ratio → | 77.58 | 38.83 | 17.58 | 28.68 | 4.97 | 5.58 | 8.33 | — | 8.14 | 9.87 | 18.38 |
| P/S Ratio | 2.11 | 2.09 | 2.50 | 1.98 | 1.20 | 1.96 | 1.74 | 1.58 | 1.13 | 1.40 | 1.23 |
| P/B Ratio | 3.05 | 3.27 | 4.40 | 3.28 | 3.22 | 6.20 | 3.35 | 3.65 | 1.89 | 2.39 | 2.30 |
| P/FCF | 175.50 | 62.12 | 17.42 | 318.74 | 6.33 | 6.24 | 7.15 | — | 10.83 | 11.79 | 12.65 |
| P/OCF | 13.78 | 14.80 | 12.15 | 16.14 | 4.04 | 5.17 | 6.32 | 22.95 | 6.29 | 8.09 | 8.04 |
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 | — | 2.13 | 2.51 | 2.04 | 1.20 | 1.97 | 1.67 | 1.67 | 0.95 | 1.20 | 1.11 |
| EV / EBITDA | 20.99 | 14.26 | 11.27 | 12.95 | 3.36 | 4.16 | 5.53 | 37.48 | 4.15 | 5.07 | 7.79 |
| EV / EBIT | 20.75 | 27.57 | 13.84 | 20.14 | 3.78 | 4.43 | 6.22 | — | 4.98 | 6.20 | 12.60 |
| EV / FCF | — | 63.32 | 17.52 | 328.49 | 6.36 | 6.27 | 6.90 | — | 9.05 | 10.09 | 11.35 |
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 | 21.8% | 21.8% | 28.3% | 23.0% | 38.9% | 50.1% | 34.7% | 13.1% | 26.3% | 31.2% | 22.8% |
| Operating Margin | 9.6% | 9.6% | 18.0% | 11.1% | 32.4% | 44.3% | 25.6% | -0.9% | 18.6% | 19.1% | 9.1% |
| Net Profit Margin | 5.4% | 5.4% | 14.3% | 6.9% | 28.2% | 35.2% | 20.8% | -0.2% | 14.0% | 14.3% | 6.7% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.6% | 8.6% | 26.0% | 11.9% | 81.3% | 110.9% | 44.5% | -0.4% | 23.9% | 27.8% | 13.5% |
| ROA | 5.6% | 5.6% | 16.8% | 7.4% | 47.8% | 64.3% | 25.5% | -0.2% | 15.9% | 17.4% | 7.1% |
| ROIC | 10.9% | 10.9% | 23.2% | 13.6% | 68.5% | 109.5% | 39.9% | -1.3% | 35.4% | 39.9% | 13.6% |
| ROCE | 11.3% | 11.3% | 24.0% | 13.8% | 65.1% | 95.7% | 36.8% | -1.1% | 24.0% | 26.3% | 10.6% |
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 | 0.23 | 0.23 | 0.23 | 0.24 | 0.28 | 0.32 | 0.31 | 0.39 | 0.21 | 0.23 | 0.32 |
| Debt / EBITDA | 0.99 | 0.99 | 0.58 | 0.93 | 0.29 | 0.21 | 0.54 | 3.81 | 0.54 | 0.58 | 1.19 |
| Net Debt / Equity | — | 0.06 | 0.02 | 0.10 | 0.02 | 0.03 | -0.12 | 0.21 | -0.31 | -0.34 | -0.24 |
| Net Debt / EBITDA | 0.27 | 0.27 | 0.06 | 0.38 | 0.02 | 0.02 | -0.20 | 2.05 | -0.81 | -0.85 | -0.89 |
| Debt / FCF | — | 1.20 | 0.09 | 9.75 | 0.04 | 0.03 | -0.25 | — | -1.78 | -1.70 | -1.30 |
| Interest Coverage | 14.93 | 14.93 | 38.14 | 18.64 | 111.82 | 124.50 | 34.00 | -0.35 | 34.11 | 27.44 | 6.10 |
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 | 2.78 | 2.78 | 2.74 | 2.84 | 2.49 | 2.47 | 3.37 | 2.20 | 4.26 | 5.03 | 4.44 |
| Quick Ratio | 1.54 | 1.54 | 1.59 | 1.46 | 1.51 | 1.70 | 2.49 | 1.26 | 3.36 | 4.07 | 3.42 |
| Cash Ratio | 1.00 | 1.00 | 1.09 | 0.81 | 1.08 | 0.99 | 1.81 | 0.64 | 2.91 | 3.44 | 2.88 |
| Asset Turnover | — | 1.03 | 1.14 | 1.06 | 1.64 | 1.78 | 1.15 | 1.26 | 1.12 | 1.12 | 1.10 |
| Inventory Turnover | 5.84 | 5.84 | 5.89 | 5.26 | 7.01 | 7.05 | 6.05 | 7.57 | 7.63 | 7.26 | 7.35 |
| Days Sales Outstanding | — | 17.12 | 16.38 | 21.92 | 12.12 | 15.76 | 28.00 | 25.91 | 16.47 | 19.02 | 17.70 |
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 | 1.5% | 1.4% | 1.0% | 1.4% | 1.5% | 0.9% | 1.6% | 1.8% | 2.3% | — | — |
| Payout Ratio | 53.4% | 53.4% | 17.6% | 38.8% | 6.4% | 4.8% | 13.0% | — | 18.9% | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.3% | 2.6% | 5.7% | 3.5% | 20.1% | 17.9% | 12.0% | — | 12.3% | 10.1% | 5.4% |
| FCF Yield | 0.6% | 1.6% | 5.7% | 0.3% | 15.8% | 16.0% | 14.0% | — | 9.2% | 8.5% | 7.9% |
| Buyback Yield | 1.2% | 1.1% | 2.9% | 0.0% | 19.5% | 16.9% | 4.8% | 17.5% | 6.6% | 0.0% | 0.0% |
| Total Shareholder Yield | 2.6% | 2.5% | 3.9% | 1.4% | 21.0% | 17.8% | 6.4% | 19.3% | 8.9% | 0.0% | 0.0% |
| Shares Outstanding | — | $70M | $71M | $72M | $78M | $98M | $112M | $123M | $144M | $146M | $145M |
Includes 30+ ratios · 30 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying LPX stock.
Louisiana-Pacific Corporation's current P/E ratio is 77.6x. The historical average is 18.6x. This places it at the 94th percentile of its historical range.
Louisiana-Pacific Corporation's current EV/EBITDA is 21.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.3x.
Louisiana-Pacific Corporation's return on equity (ROE) is 8.6%. The historical average is 11.1%.
Based on historical data, Louisiana-Pacific Corporation is trading at a P/E of 77.6x. This is at the 94th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Louisiana-Pacific Corporation's current dividend yield is 1.48% with a payout ratio of 53.4%.
Louisiana-Pacific Corporation has 21.8% gross margin and 9.6% operating margin.
Louisiana-Pacific Corporation's Debt/EBITDA ratio is 1.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.
Key Metrics
Top Statement Risk
OSB price cyclicality and margin compression
Metrics are mathematically derived from official filings.
Premium Multiples Price in Recovery
Based on LPX's reported figures, the trailing P/E of 37.00 and forward P/E of 71.59 imply the market is pricing a sharp earnings rebound well above current depressed profit levels.
The forward P/E nearly doubling the trailing multiple suggests investors are capitalizing a recovery in OSB pricing and Siding volumes that the reported quarterly margins do not yet show. Relative to commodity peers such as WFG, whose negative earnings make its multiple uninformative, and UFPI at 16.59, LPX trades at a substantial premium, which appears to reflect its branded Siding positioning rather than its current earnings base. Investors should monitor whether gross margin stabilization materializes, since the valuation leaves little room for further earnings disappointment.
Gross Margin Reset Overwhelms Mix Narrative
As reported in financial statements, gross margin compressed from 32.3% in 2024Q2 to 16.6% in 2026Q3, while net margin fell from 19.7% to 3.3% over the same span.
The magnitude of compression, roughly halving gross margin in under two years, points to commodity panel pricing driving most of the decline rather than specialty mix offsetting it. Operating margin of 4.2% against gross margin of 16.6% indicates SG&A absorbs most of the remaining gross profit, which suggests limited operating leverage on the way down. Net margin recovery will likely depend on OSB price normalization rather than on Siding growth alone.
Returns Decay From Peak to Thin
Based on LPX's reported figures, ROIC declined from 8.4% in 2024Q2 to 1.2% in 2026Q3, while ROE fell from 9.8% to 1.3%, indicating sharp erosion of capital efficiency.
A decline of this scale suggests the returns compounding that characterized the prior cycle has reversed, with margin compression the dominant driver rather than asset turnover changes. Asset turnover has held near 0.26 across recent quarters, so the decay appears to be a profitability problem, not a capital deployment problem. Returns remain well below the cost of capital, which warrants monitoring for any sustained recovery in margins to restore accretive reinvestment.
Negligible Debt Sustains Coverage Buffer
According to recent SEC filings, LPX debt-to-equity of 0.21 and debt-to-EBITDA of 5.49 suggest leverage is low on a book basis but elevated relative to current depressed earnings.
The debt-to-equity ratio near 0.21 indicates a conservative capital structure, yet debt-to-EBITDA rising from 2.45 in 2025Q1 to 5.49 reflects how sharply EBITDA has contracted against a stable debt load. Interest coverage of 8.75 in 2026Q3 is adequate but has been volatile, touching negative territory in 2025Q4, which implies coverage is more sensitive to earnings timing than the book leverage ratio suggests. Refinancing risk appears limited given the modest debt base, though sustained EBITDA weakness would erode this cushion.
Misapplied Current Ratio Masks Inventory Risk
Based on LPX's reported figures, the current ratio of 2.75 is frequently cited as evidence of liquidity strength, yet it can obscure dependence on inventory and receivables that are sensitive to OSB pricing.
For a commodity-linked manufacturer, the current ratio includes inventory that can lose realizable value quickly when panel prices fall, so a headline figure above 2.5 may overstate true liquidity. The quick ratio of 1.54 offers a more conservative view, though it still includes receivables tied to construction demand. A cash-to-current-liabilities or free cash flow coverage measure would better reflect how the position holds under a prolonged OSB downturn.