Last 45 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 14.77 | 15.06 | 27.02 | 12.71 | 14.38 | 18.68 | 10.96 | 9.98 | 9.69 | 9.28 | 6.34 | 8.59 | 6.59 | 6.19 | 6.43 | 5.74 | 10.76 | 28.46 | 6.99 | 4.55 | 8.06 |
| — | -19.4% | +146.7% | +27.4% | +48.4% | +101.4% | +72.8% | +16.1% | +47.1% | +49.8% | -1.4% | +49.6% | -38.7% | -78.2% | -8.0% | +26.1% | +33.6% | +65.0% | -31.2% | — | -57.3% | |
| P/S Ratio | 1.21 | 0.39 | — | 1.16 | 3.08 | 0.44 | — | 0.76 | 2.36 | 0.50 | — | 0.83 | 2.07 | 1.08 | 1.75 | 1.89 | 2.77 | 1.44 | 5.38 | 1.67 | 2.66 |
| — | -11.2% | — | +53.1% | +30.7% | -12.9% | — | -9.0% | +13.9% | -53.1% | — | -55.9% | -25.3% | -25.3% | -67.4% | +13.2% | +4.3% | +34.1% | +259.6% | — | +777.5% | |
| P/B Ratio | 1.25 | 1.66 | 1.51 | 1.37 | 1.21 | 0.92 | 1.15 | 0.95 | 0.87 | 0.86 | 0.74 | 0.83 | 0.83 | 0.85 | 0.65 | 0.73 | 0.84 | 0.86 | 0.83 | 0.82 | 0.83 |
| — | +79.0% | +31.4% | +44.1% | +40.3% | +8.1% | +54.9% | +15.4% | +4.3% | +1.2% | +13.6% | +13.8% | -1.2% | -1.9% | -21.2% | -11.5% | +1.2% | +29.8% | +88.8% | +53.5% | +66.6% | |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 14.47 | 14.84 | 20.28 | 10.77 | 11.91 | 20.70 | 10.39 | 10.04 | 8.84 | 7.90 | 5.19 | 5.69 | 3.15 | 5.24 | 4.65 | 4.39 | 5.05 | 15.76 | 27.20 | 7.42 | 7.23 |
| — | -28.3% | +95.2% | +7.3% | +34.7% | +162.2% | +100.2% | +76.4% | +180.7% | +50.6% | +11.7% | +29.7% | -37.7% | -66.7% | -82.9% | -40.9% | -30.1% | +158.8% | +522.5% | — | -96.7% | |
| EV / EBIT | 14.47 | 14.84 | 20.28 | 10.77 | 11.91 | 20.70 | 10.39 | 10.04 | 8.84 | 7.90 | 5.19 | 5.69 | 3.15 | 5.24 | 4.65 | 4.39 | 5.05 | 15.76 | 27.20 | 7.42 | 7.23 |
| — | -28.3% | +95.2% | +7.3% | +34.7% | +162.2% | +100.2% | +76.4% | +180.7% | +50.6% | +11.7% | +29.7% | -37.7% | -66.7% | -82.9% | -40.9% | -30.1% | -26.5% | +418.4% | — | -96.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.9% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | |
| Operating Margin | 10.2% | 3.9% | -27.1% | 14.3% | 32.3% | 3.4% | -35.7% | 11.9% | 37.1% | 8.8% | -95.6% | 14.6% | 47.0% | 20.4% | 35.0% | 42.3% | 39.4% | 12.2% | 100.0% | 31.5% | 49.0% |
| — | +14.5% | +24.0% | +19.8% | -12.9% | -61.4% | +62.6% | -18.1% | -21.1% | -56.7% | -373.0% | -65.5% | +19.4% | +67.3% | -65.0% | +34.5% | -19.7% | +17.4% | +250.7% | +494.9% | +14274.5% | |
| Net Margin | 7.2% | 2.5% | -17.1% | 10.9% | 24.2% | 2.7% | -26.7% | 8.5% | 27.7% | 6.1% | -72.3% | 10.9% | 33.8% | 17.4% | 27.3% | 32.8% | 28.5% | 5.0% | 76.9% | 38.0% | 36.1% |
| — | -5.9% | +36.1% | +27.8% | -12.8% | -56.4% | +63.1% | -21.7% | -18.1% | -64.9% | -364.9% | -66.8% | +18.4% | +246.2% | -64.5% | -13.8% | -20.9% | -37.2% | +306.3% | +943.6% | +1579.9% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.9% | 2.7% | 1.6% | 3.2% | 2.4% | 1.4% | 3.0% | 2.6% | 2.6% | 2.7% | 3.1% | 2.6% | 3.5% | 3.3% | 2.4% | 3.1% | 2.1% | 0.8% | 3.0% | 4.8% | 2.8% |
| — | +95.2% | -46.5% | +22.9% | -5.0% | -47.3% | -5.0% | +0.1% | -27.8% | -20.2% | +28.6% | -16.2% | +65.8% | +341.6% | -18.2% | -35.2% | -24.4% | -38.9% | +113.5% | +621.5% | +204.5% | |
| ROA | 0.5% | 0.1% | 0.1% | 0.2% | 0.1% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% | 0.2% | 0.1% | 0.2% | 0.2% | 0.1% | 0.2% | 0.1% | 0.0% | 0.2% | 0.3% | 0.2% |
| — | +89.9% | -47.7% | +21.8% | -9.0% | -48.4% | -4.0% | -0.1% | -25.8% | -18.6% | +20.0% | -22.5% | +48.3% | +276.5% | -25.6% | -36.8% | -22.4% | -35.7% | — | +616.8% | +191.8% | |
| ROIC | 3.6% | 1.1% | 0.7% | 1.2% | 0.9% | 0.5% | 1.0% | 0.9% | 0.9% | 1.0% | 1.0% | 0.9% | 1.2% | 1.0% | 0.9% | 1.1% | 0.8% | 0.5% | 1.0% | 1.0% | 0.9% |
| — | +128.0% | -35.9% | +23.9% | -0.8% | -50.7% | +2.8% | +6.7% | -29.2% | -4.2% | +17.8% | -20.6% | +54.1% | +110.1% | -13.4% | +8.1% | -13.1% | -17.0% | +37.7% | +440.4% | +2686.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.99 | 1.99 | 1.94 | 1.82 | 1.62 | 1.93 | 1.77 | 2.04 | 1.82 | 1.98 | 2.06 | 2.15 | 1.83 | 2.09 | 1.79 | 1.72 | 1.72 | 1.73 | 2.06 | 1.85 | 1.96 |
| — | +3.0% | +9.8% | -10.5% | -11.0% | -2.5% | -14.1% | -5.0% | -0.2% | -5.4% | +14.9% | +24.4% | +6.4% | +21.0% | -12.9% | -7.0% | -12.5% | -21.5% | — | -23.8% | -12.0% | |
| Debt / EBITDA | 14.28 | 47.98 | 75.22 | 43.00 | 50.94 | 107.43 | 44.80 | 54.18 | 53.53 | 52.77 | 49.86 | 59.27 | 38.75 | 52.21 | 54.83 | 42.36 | 57.52 | 94.88 | 53.35 | 47.91 | 51.24 |
| — | -55.3% | +67.9% | -20.6% | -4.8% | +103.6% | -10.1% | -8.6% | +38.1% | +1.1% | -9.1% | +39.9% | -32.6% | -45.0% | +2.8% | -11.6% | +12.3% | +143.4% | — | — | -96.8% | |
| Current Ratio | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.12 | 0.14 | 0.15 | 0.17 | 0.18 | 0.20 | 0.21 | 0.19 | 0.17 | 0.17 | 0.20 | 0.16 | — | 0.15 | 0.17 |
| — | -4.8% | -0.1% | -6.6% | -14.7% | -21.1% | -33.0% | -30.7% | -27.7% | -13.8% | +6.4% | +15.4% | +5.1% | +20.6% | — | +13.7% | +17.1% | -0.8% | — | -2.2% | +2.4% | |
| Quick Ratio | 0.12 | 0.12 | 0.12 | 0.13 | 0.13 | 0.13 | 0.12 | 0.14 | 0.15 | 0.17 | 0.18 | 0.20 | 0.21 | 0.19 | 0.17 | 0.17 | 0.20 | 0.16 | — | 0.15 | 0.17 |
| — | -4.8% | -0.1% | -6.6% | -14.7% | -21.1% | -33.0% | -30.7% | -27.7% | -13.8% | +6.4% | +15.4% | +5.1% | +20.6% | — | +13.7% | +17.1% | -0.8% | — | -2.2% | +2.4% | |
| Interest Coverage | 0.39 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 45 years · Updated daily
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Quick answers to the most common questions about buying LYG stock.
Lloyds Banking Group plc's current P/E is 14.8x. The average P/E over the last 4 quarters is 17.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Lloyds Banking Group plc's current operating margin is 10.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Lloyds Banking Group plc's business trajectory between earnings reports.