Latest Ratios: P/E Ratio -4.7x · EV/EBITDA N/A · ROE -18.4%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $122M | $91M | $172M | $136M | $112M | $169M | $226M | $112M | $91M | $108M | $80M |
| Enterprise Value | $157M | $125M | $186M | $123M | $93M | $121M | $176M | $101M | $79M | $94M | $75M |
| P/E Ratio → | -4.70 | — | — | 25.01 | 60.33 | 14.91 | 6.41 | 34.00 | 61.78 | 235.00 | 20.47 |
| P/S Ratio | 0.63 | 0.47 | 1.03 | 1.09 | 0.99 | 1.43 | 1.42 | 1.04 | 0.92 | 1.13 | 0.92 |
| P/B Ratio | 0.92 | 0.70 | 1.17 | 1.10 | 0.93 | 1.35 | 1.84 | 1.32 | 1.09 | 1.31 | 1.11 |
| P/FCF | — | — | — | 15.36 | — | 14.13 | 5.80 | 43.82 | — | — | 7.18 |
| P/OCF | — | — | — | 12.44 | — | 13.24 | 5.57 | 31.21 | 50.90 | 167.36 | 6.92 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.65 | 1.11 | 0.99 | 0.82 | 1.03 | 1.11 | 0.94 | 0.80 | 0.98 | 0.87 |
| EV / EBITDA | — | — | — | 15.16 | 13.15 | 6.78 | 3.84 | 11.89 | 17.51 | 10.20 | 9.32 |
| EV / EBIT | — | — | — | 13.06 | 16.82 | 7.51 | 4.01 | 17.18 | 22.00 | 11.09 | 10.87 |
| EV / FCF | — | — | — | 13.90 | — | 10.14 | 4.52 | 39.43 | — | — | 6.76 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.9% | 32.9% | 41.1% | 41.1% | 40.6% | 43.0% | 49.8% | 35.2% | 34.2% | 37.7% | 36.7% |
| Operating Margin | -8.1% | -8.1% | -5.5% | 4.8% | 4.9% | 13.6% | 27.6% | 5.5% | 3.6% | 8.8% | 7.9% |
| Net Profit Margin | -13.1% | -13.1% | -10.8% | 4.4% | 1.7% | 9.6% | 22.2% | 3.0% | 1.5% | 0.5% | 4.5% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -18.4% | -18.4% | -13.4% | 4.5% | 1.5% | 9.2% | 34.0% | 3.9% | 1.8% | 0.6% | 5.6% |
| ROA | -12.0% | -12.0% | -9.9% | 3.7% | 1.3% | 8.1% | 29.5% | 3.4% | 1.5% | 0.5% | 4.5% |
| ROIC | -7.2% | -7.2% | -5.1% | 4.3% | 4.7% | 16.0% | 44.9% | 6.1% | 3.8% | 9.4% | 7.3% |
| ROCE | -8.9% | -8.9% | -5.9% | 4.6% | 4.4% | 12.7% | 41.6% | 6.9% | 4.2% | 10.8% | 9.7% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.37 | 0.37 | 0.22 | 0.10 | 0.04 | 0.04 | 0.02 | 0.04 | 0.02 | 0.02 | 0.08 |
| Debt / EBITDA | — | — | — | 1.52 | 0.74 | 0.27 | 0.05 | 0.40 | 0.29 | 0.18 | 0.72 |
| Net Debt / Equity | — | 0.27 | 0.10 | -0.10 | -0.16 | -0.38 | -0.41 | -0.13 | -0.14 | -0.17 | -0.06 |
| Net Debt / EBITDA | — | — | — | -1.59 | -2.75 | -2.67 | -1.10 | -1.32 | -2.54 | -1.52 | -0.57 |
| Debt / FCF | — | — | — | -1.46 | — | -3.99 | -1.29 | -4.38 | — | — | -0.41 |
| Interest Coverage | -7.22 | -7.22 | -10.12 | 180.92 | 148.86 | 1077.87 | 1910.26 | 50.59 | 28.85 | 52.18 | 11.12 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.53 | 3.53 | 3.91 | 5.53 | 5.68 | 10.04 | 8.03 | 6.17 | 7.30 | 7.37 | 4.88 |
| Quick Ratio | 1.36 | 1.36 | 1.54 | 2.74 | 2.55 | 6.07 | 5.18 | 2.75 | 3.20 | 3.24 | 1.99 |
| Cash Ratio | 0.33 | 0.33 | 0.50 | 1.37 | 1.32 | 4.39 | 3.42 | 1.13 | 1.24 | 1.52 | 0.84 |
| Asset Turnover | — | 0.92 | 0.79 | 0.81 | 0.79 | 0.84 | 1.14 | 1.08 | 1.05 | 1.02 | 1.02 |
| Inventory Turnover | 1.57 | 1.57 | 1.19 | 1.43 | 1.15 | 1.41 | 1.82 | 1.58 | 1.54 | 1.39 | 1.53 |
| Days Sales Outstanding | — | 60.71 | 60.26 | 56.11 | 67.32 | 62.33 | 49.82 | 59.93 | 60.74 | 53.69 | 45.33 |
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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.0% | 1.3% | 0.5% | 0.7% | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | 16.7% | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 4.0% | 1.7% | 6.7% | 15.6% | 2.9% | 1.6% | 0.4% | 4.9% |
| FCF Yield | — | — | — | 6.5% | — | 7.1% | 17.2% | 2.3% | — | — | 13.9% |
| Buyback Yield | 0.4% | 0.5% | 0.3% | 0.6% | 5.6% | 5.8% | 0.1% | 0.5% | 1.3% | 0.3% | 0.0% |
| Total Shareholder Yield | 1.3% | 1.7% | 0.8% | 1.2% | 5.6% | 5.8% | 0.1% | 0.5% | 1.3% | 0.3% | 0.0% |
| Shares Outstanding | — | $10M | $7M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $7M |
Operating margin volatility
According to current market data, Lakeland trades at a P/S ratio of 0.56, which suggests that investors are heavily discounting the company's future earnings potential compared to larger, more stable industrial safety peers like MSA Safety, which commands a significantly higher valuation multiple in the current market environment.
The negative TTM P/E ratio underscores the market's skepticism regarding the company's ability to achieve consistent profitability in the near term. This valuation appears to price in a high degree of risk regarding the company's transition from an event-driven supplier to a steady-state industrial safety brand.
Based on reported financial figures, Lakeland's ROIC has struggled to maintain positive territory, fluctuating from a peak of 1.4% in 2026Q2 to a low of -3.6% in 2026Q4, indicating that the company is currently failing to generate returns that exceed its cost of capital on invested assets.
The persistent decay in ROIC suggests that recent capital deployments, including acquisitions, have not yet yielded the expected operational synergies. Investors should monitor whether management can improve asset utilization, as the current trend indicates that capital is being consumed rather than compounded.
As reported in recent quarterly filings, Lakeland's cash conversion cycle remains elevated at 236 days in 2027Q1, driven primarily by a bloated inventory turnover period that suggests significant inefficiencies in managing stock levels relative to the current pace of distributor demand and overall industrial production cycles.
The high DIO, which reached 252 days in 2026Q4, implies that capital is being trapped in slow-moving inventory, limiting the company's operational agility. This inefficiency appears to be a structural drag on cash flow, necessitating a more disciplined approach to inventory procurement and distributor channel management.
Based on the latest quarterly balance sheet, Lakeland maintains a current ratio of 3.09, which provides a substantial liquidity cushion that appears sufficient to absorb short-term operational shocks, even as the company navigates the ongoing challenges of negative operating margins and inconsistent cash flow generation from its core business.
The company's ability to maintain such a high current ratio despite recent losses suggests a conservative treasury management strategy that prioritizes solvency over aggressive capital deployment. This liquidity position serves as a vital defensive mechanism, allowing the firm to sustain operations during periods of cyclical downturns in the industrial sector.
As indicated by the company's volatile earnings history, the P/E ratio is a fundamentally flawed metric for Lakeland, as it obscures the underlying cash-generating capacity of the business by focusing on accounting net income that is frequently distorted by non-recurring charges and tax-related adjustments in the PPE sector.
Investors should instead prioritize EV/EBITDA or free cash flow yield to better assess the company's true operational performance. Relying on P/E in this context may lead to erroneous conclusions about the company's valuation, as it fails to account for the significant non-cash expenses that currently depress reported earnings.
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Quick answers to the most common questions about buying LAKE stock.
Lakeland Industries, Inc.'s current P/E ratio is -4.7x. The historical average is 20.9x.
Lakeland Industries, Inc.'s return on equity (ROE) is -18.4%. The historical average is 5.1%.
Based on historical data, Lakeland Industries, Inc. is trading at a P/E of -4.7x. Compare with industry peers and growth rates for a complete picture.
Lakeland Industries, Inc.'s current dividend yield is 0.97%.
Lakeland Industries, Inc. has 32.9% gross margin and -8.1% operating margin.