Laurentian Bank of Canada (LB.TO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-490.3%

-CA$157.98

vs CA$40.48 price

Levered DCF

-CA$165.21

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

-0.06

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	11.73×	-63.61×	6.53×	6.13×	41.22×	11.06×	11.1×	7.64×
P/B	0.51×	0.4×	0.39×	0.47×	0.7×	0.43×	0.75×	0.69×
P/S	0.63×	0.44×	0.43×	0.74×	1.18×	0.66×	1.04×	0.94×
EV / EBITDA	89.63×	532.28×	66.73×	52.49×	132.71×	85.22×	66.19×	46.73×
Gross margin	39.3%	36.5%	37.8%	55.1%	61.0%	50.0%	50.3%	54.7%
Operating margin	7.4%	-0.9%	8.2%	15.5%	4.6%	7.0%	10.7%	15.3%
Net margin	6.0%	-0.2%	7.1%	12.8%	3.7%	6.7%	9.4%	12.3%
Current ratio	0.07×	0.07×	0.07×	0.08×	0.06×	0.05×	0.05×	0.13×
Debt / equity	6.77×	6.81×	6.42×	6.46×	6.36×	5.97×	5.82×	5.71×
Interest coverage	0.13×	-0.01×	0.14×	0.37×	0.13×	0.16×	0.23×	0.36×
Dividend yield	6.0%	7.5%	7.5%	7.5%	2.9%	9.5%	5.3%	5.2%
Payout ratio	62.9%	-1554.3%	45.9%	43.8%	92.3%	93.2%	59.3%	39.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.9%	-0.2%	6.3%	8.1%	2.2%	4.4%	6.7%	9.0%
Return on invested capital	0.6%	-0.0%	0.8%	1.0%	0.3%	0.6%	0.9%	1.3%
Return on assets	0.3%	-0.0%	0.4%	0.4%	0.1%	0.3%	0.4%	0.5%
Free cash flow yield	23.2%	14.1%	-55.8%	63.8%	3.6%	58.5%	-17.7%	-32.5%
Earnings yield	9.5%	-0.5%	16.4%	17.2%	3.1%	10.1%	9.0%	13.1%
Enterprise value	CA$19.6B	CA$18.9B	CA$18B	CA$17.2B	CA$17.8B	CA$15.8B	CA$16.1B	CA$15.1B
Net debt / EBITDA	82.9×	500.04×	62.64×	48.48×	118.97×	79.17×	58.3×	41.41×
Cash conversion cycle (days)	-267	-205	-199	-391	-679	-455	-369	-374