Latest Ratios: P/E Ratio 36.0x · EV/EBITDA 13.2x · 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 | $5.2B | $5.7B | $7.4B | $5.1B | $4.6B | $7.7B | $4.2B | $3.6B | $3.2B | $3.8B | $2.8B |
| Enterprise Value | $5.3B | $5.8B | $7.4B | $5.3B | $4.6B | $7.7B | $4.0B | $3.9B | $2.7B | $3.3B | $2.5B |
| P/E Ratio → | 35.95 | 38.83 | 17.58 | 28.68 | 4.97 | 5.58 | 8.33 | — | 8.14 | 9.87 | 18.38 |
| P/S Ratio | 1.93 | 2.09 | 2.50 | 1.98 | 1.20 | 1.96 | 1.74 | 1.58 | 1.13 | 1.40 | 1.23 |
| P/B Ratio | 3.02 | 3.27 | 4.40 | 3.28 | 3.22 | 6.20 | 3.35 | 3.65 | 1.89 | 2.39 | 2.30 |
| P/FCF | 57.41 | 62.12 | 17.42 | 318.74 | 6.33 | 6.24 | 7.15 | — | 10.83 | 11.79 | 12.65 |
| P/OCF | 13.68 | 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 | 13.20 | 14.26 | 11.29 | 12.95 | 3.37 | 4.18 | 5.56 | 37.48 | 4.15 | 5.07 | 7.79 |
| EV / EBIT | 20.59 | 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 | 2.8% | 2.6% | 5.7% | 3.5% | 20.1% | 17.9% | 12.0% | — | 12.3% | 10.1% | 5.4% |
| FCF Yield | 1.7% | 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 | 2.7% | 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 |
Cyclical OSB Price Volatility
According to current market data, LPX trades at a forward P/E of 43.25, which appears elevated relative to historical norms and suggests that investors are pricing in a significant recovery in siding margins despite the ongoing contraction in the broader residential construction and OSB commodity markets.
The current valuation multiples, including a P/S of 2.13, indicate that the market is assigning a premium to LPX's branded siding business, effectively decoupling it from the lower multiples typically afforded to pure-play commodity timber producers. This valuation warrants caution, as it implies a high degree of confidence in the company's ability to maintain pricing power while housing starts remain pressured by elevated interest rates.
Based on reported financial figures, ROIC has compressed from a peak of 8.4% in 2024Q2 to a mere 1.4% in 2026Q1, reflecting the difficulty of maintaining efficient capital returns when high-fixed-cost manufacturing assets are underutilized due to the cyclical downturn in North American housing demand.
The sharp decline in ROIC suggests that the company's recent capital allocation toward siding capacity expansion is currently failing to generate incremental returns above the cost of capital. Investors should monitor whether this trend reverses as the company scales its specialty product mix or if the capital intensity of the business model continues to drag on overall shareholder value creation.
As reported in recent quarterly filings, the cash conversion cycle has become increasingly volatile, with inventory days rising to 76 in 2026Q1 compared to 64 in 2024Q2, indicating that the company is struggling to optimize its working capital as demand for structural wood products softens.
The increase in inventory days suggests a potential buildup of finished goods that may require future price concessions to clear, further pressuring gross margins. The lack of consistent improvement in asset turnover, which remains at 0.22, underscores the structural challenge of managing a high-fixed-cost manufacturing base during a period of declining revenue volume.
The P/E ratio is frequently misapplied to LPX, as reported in industry research, because it fails to account for the extreme volatility of commodity OSB prices which can artificially inflate or deflate earnings, thereby obscuring the underlying growth trajectory of the company's specialty siding business segment.
Analysts should instead prioritize EV/EBITDA or adjusted EBITDA metrics that strip out the cyclical noise of commodity price swings to better evaluate the company's true operational earning power. Relying on P/E in a cyclical trough can lead to misleading conclusions about the company's valuation, as the denominator is often depressed by temporary market conditions rather than structural business failure.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying LPX stock.
Louisiana-Pacific Corporation's current P/E ratio is 36.0x. The historical average is 18.6x. This places it at the 88th percentile of its historical range.
Louisiana-Pacific Corporation's current EV/EBITDA is 13.2x. 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 36.0x. This is at the 88th 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 1.49% 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.