Lloyds Banking Group
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
15.3712.6513.34
Price/Sales ratio
3.473.293.21
Earnings per Share (EPS)
$0.29$0.35$0.33

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
37.6161.3018.5314.398.3515.0619.215.775.7325.0527.188.35
Price/Sales ratio
3.263.022.672.671.932.401.672.041.36K7.431.112.40
Price/Book Value ratio
1.091.130.921.010.710.920.510.630.662.902.850.71
Price/Cash Flow ratio
5.133.2221.56-15.57-3.233.900.935.041.4220.08N/A-3.23
Price/Free Cash Flow ratio
7.684.06-26.52-7.26-2.455.621.049.841.72100.96N/A-2.45
Price/Earnings Growth ratio
-0.15-2.110.090.330.41-0.60-0.290.01-0.24-0.310.300.30
Dividend Yield
0.54%2.02%4.50%4.58%6.23%5.24%1.78%2.62%4.71%1.20%6.88%6.23%
Profitability Indicator Ratios
Gross Profit Margin
100%100%100%100%100%100%100%100%100%104.35%100%100%
Operating Profit Margin
62.84%45.03%68.65%55.18%47.47%23.53%7.64%41.66%45739.13%60.02%37.3%23.53%
Pretax Profit Margin
10.82%9.43%25.33%28.31%32.10%23.98%8.10%42.28%30121.73%40.74%23.76%23.98%
Net Profit Margin
8.67%4.93%14.42%18.55%23.17%15.96%8.71%35.43%23734.78%29.65%16.65%15.96%
Effective Tax Rate
14.92%41.84%40.67%32.75%26.17%31.57%-13.13%14.73%19.81%26.45%27.60%26.17%
Return on Assets
0.16%0.10%0.29%0.42%0.53%0.35%0.15%0.65%0.62%0.61%0.53%0.35%
Return On Equity
2.90%1.84%4.98%7.06%8.61%6.14%2.67%10.93%11.54%11.57%11.21%8.61%
Return on Capital Employed
1.19%2.27%3.20%2.81%1.20%0.56%0.14%0.84%2.62%1.26%1.20%1.20%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/AN/AN/A0.34N/AN/AN/AN/AN/A
Quick Ratio
N/A0.560.540.362.270.770.790.940.1914.42N/A0.77
Cash ratio
N/A0.120.100.130.850.770.790.940.1913.90N/A0.77
Days of Sales Outstanding
15.2914.1415.5811.7914.72N/AN/AN/AN/AN/AN/AN/A
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Debt Ratios
Debt Ratio
N/A0.130.110.11N/A0.130.110.090.06N/AN/A0.13
Debt Equity Ratio
N/A2.282.011.87N/A2.412.061.591.23N/AN/A2.41
Long-term Debt to Capitalization
N/A0.690.660.65N/A0.700.670.610.55N/AN/A0.70
Total Debt to Capitalization
N/A0.690.660.65N/A0.700.670.610.55N/AN/A0.70
Interest Coverage Ratio
-0.030.240.270.390.500.43N/AN/AN/AN/AN/A0.43
Cash Flow to Debt Ratio
N/A0.150.02-0.03N/A0.090.260.070.37N/AN/A0.09
Company Equity Multiplier
17.5517.3116.9016.6015.9717.5117.7116.7518.5618.6819.5015.97
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.630.930.12-0.17-0.590.611.790.409570.36N/A-0.59
Free Cash Flow / Operating Cash Flow Ratio
0.660.79-0.812.141.310.690.890.510.820.19N/A0.69
Cash Flow Coverage Ratio
N/A0.150.02-0.03N/A0.090.260.070.37N/AN/A0.09
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Dividend Payout Ratio
20.32%124.41%83.46%66.06%52.06%79.04%34.37%15.16%27.01%30.23%N/A79.04%