LSI Industries Inc. (LYTS) 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

-18.7%

$16.91

vs $20.81 price

Levered DCF

$36.16

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.32

Grey zone

Rating

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	38.52×	20.74×	16.35×	13.65×	11.22×	36.41×	17.49×	-5.76×
P/B	2.42×	2.2×	2×	1.99×	1.14×	1.63×	1.35×	0.79×
P/S	1.27×	0.89×	0.87×	0.71×	0.37×	0.68×	0.56×	0.29×
EV / EBITDA	31.18×	11.73×	10.53×	8.51×	8.23×	18.01×	8.38×	-13.65×
Gross margin	25.1%	24.7%	28.4%	27.6%	24.0%	25.0%	24.1%	22.4%
Operating margin	5.6%	6.2%	7.6%	7.5%	4.7%	2.5%	4.3%	-2.8%
Net margin	3.3%	4.3%	5.3%	5.2%	3.3%	1.9%	3.1%	-5.0%
Current ratio	1.97×	1.99×	2.05×	1.96×	2.06×	1.76×	2.48×	2.78×
Debt / equity	0.85×	0.29×	0.35×	0.26×	0.61×	0.63×	0.09×	0.33×
Interest coverage	6.48×	11.43×	16.47×	10.04×	10.77×	27.98×	14.98×	-4×
Dividend yield	0.7%	1.2%	1.4%	1.5%	3.2%	2.5%	3.1%	5.5%
Payout ratio	28.6%	24.5%	23.0%	21.1%	35.4%	90.1%	55.0%	-31.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.3%	10.6%	12.2%	14.5%	10.2%	4.5%	7.6%	-13.6%
Return on invested capital	3.9%	8.6%	9.6%	12.6%	6.9%	2.7%	7.8%	-4.1%
Return on assets	2.7%	6.2%	7.2%	8.7%	4.8%	2.0%	5.6%	-8.1%
Free cash flow yield	4.5%	6.8%	9.3%	13.1%	-3.6%	12.1%	15.9%	9.4%
Earnings yield	2.6%	4.8%	6.1%	7.3%	8.9%	2.7%	5.6%	-17.2%
Enterprise value	$1.2B	$571.8M	$476.3M	$397.4M	$256.5M	$293.8M	$177.9M	$133.4M
Net debt / EBITDA	7.82×	1.3×	1.5×	0.95×	2.83×	4.9×	0.37×	-3.95×
Cash conversion cycle (days)	32	93	106	94	105	108	87	97