Lloyds Banking Group plc (LYG) Key Metrics
LYG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $78.55B
- Enterprise value
- $77.57B
- P/E (TTM)
- 12.7 10-yr median 22.2
- Forward P/E
- 9.2
- PEG ratio
- 0.62
- Price / sales
- 4.0 10-yr median 2.6
- Price / book
- 1.3 10-yr median 1.0
- EV / EBITDA
- — 10-yr median 16.5
- Dividend yield
- 4.01% $0.22 a year
- Beta
- 0.94
LYG key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLYG valuation Price multiples at each fiscal year-end price.
LYG returns How much profit the business earns on the capital it uses.
LYG per-share figures Results divided by the shares outstanding at year-end.
LYG financial health Debt, liquidity and how easily interest is covered.
LYG efficiency & capital use Working capital cycle and where the cash goes.
LYG valuation history
LYG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LYG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LYG cash returned to shareholders
LYG price vs earnings per share
LYG key metrics
2016–2025| 2025 | 2020 | 2019 | 2018 | 2017 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $79.22B | $139.66B | $235.95B | $46.26B | $67.87B | — | $55.82B |
| Enterprise value | $113.77B | $218.91B | $346.26B | $96.91B | $95.77B | — | $100.21B |
| P/E ratio | 17.0 | 106.0 | 80.7 | 10.5 | 17.4 | — | 27.1 |
| Price / sales | 1.2 | 7.5 | 9.5 | 2.1 | 2.9 | — | 2.3 |
| Price / book | 1.7 | 0.2 | 0.3 | 0.9 | 1.4 | — | 1.2 |
| Price / free cash flow | — | 5.8 | 30.1 | — | — | — | — |
| Price / operating cash flow | 18.3 | 5.1 | 20.9 | — | — | — | 26.9 |
| EV / sales | 1.8 | 11.7 | 14.0 | 4.5 | 4.0 | — | 4.1 |
| EV / EBITDA | 17.1 | 55.3 | 49.1 | 11.6 | 12.0 | — | 16.0 |
| EV / free cash flow | — | 9.0 | 44.2 | — | — | — | — |
| Earnings yield | 5.9% | 0.9% | 1.2% | 9.5% | 5.8% | — | 3.7% |
| Free cash flow yield | −0.8% | 17.4% | 3.3% | −31.6% | −10.1% | — | −3.0% |
| Dividend yield | 2.5% | 0.3% | 1.0% | 4.8% | 3.4% | — | 3.6% |
| Shareholder yield (dividends + buybacks) | 4.6% | 0.8% | 1.4% | 7.0% | 5.3% | — | 3.6% |
| Share price at fiscal year-end | $5.30 | $1.96 | $3.31 | $2.56 | $3.75 | $3.40 | $3.10 |
| Per share | |||||||
| Revenue per share | $4.35 | $0.26 | $0.35 | $1.19 | $1.31 | — | $1.35 |
| Earnings per share | $0.31 | $0.02 | $0.04 | $0.24 | $0.22 | — | $0.11 |
| Operating cash flow per share | $0.29 | $0.38 | $0.16 | −$0.61 | −$0.18 | — | $0.12 |
| Free cash flow per share | −$0.04 | $0.34 | $0.11 | −$0.81 | −$0.38 | — | −$0.09 |
| Cash per share | $4.05 | $1.03 | $0.78 | $3.06 | $3.28 | — | $2.67 |
| Book value per share | $3.19 | $10.80 | $10.09 | $2.76 | $2.70 | — | $2.69 |
| Tangible book value per share | $2.61 | $10.71 | $10.00 | $2.45 | $2.42 | — | $2.48 |
| Dividends per share | $0.13 | $0.01 | $0.03 | $0.12 | $0.13 | — | $0.11 |
| Capex per share | $0.33 | $0.04 | $0.05 | $0.19 | $0.20 | — | $0.21 |
| Debt per share | $6.37 | $2.14 | $2.33 | $5.86 | $4.82 | — | $5.14 |
| Shares outstanding | 14.95B | 71.26B | 71.28B | 18.07B | 18.10B | — | 18.01B |
| Change in shares outstanding | −79.0% | −0.0% | +294.5% | −0.2% | — | — | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | 9.8% | 0.2% | 0.8% | 8.9% | 10.5% | 26.4% | 4.3% |
| Return on invested capital (ROIC) | 5.8% | 0.1% | 0.6% | 5.1% | 5.8% | 4.3% | 2.3% |
| Return on assets (ROA) | 0.5% | 0.2% | 0.4% | 0.5% | 0.9% | 2.2% | 0.3% |
| Return on tangible assets | 0.5% | 0.2% | 0.4% | 0.6% | 0.5% | 13.3% | 0.3% |
| Free cash flow margin | −1.0% | 129.9% | 31.6% | −67.7% | −28.9% | 12.9% | −6.9% |
| Income quality (OCF / net income) | 0.93 | 20.62 | 3.86 | −2.52 | −0.82 | 0.67 | 1.01 |
| Financial health | |||||||
| Total debt | $95.14B | $152.80B | $165.75B | $105.97B | $87.18B | $38.59B | $92.55B |
| Cash & short-term investments | $60.60B | $73.56B | $55.44B | $55.31B | $59.28B | $1.90B | $48.16B |
| Net debt | $34.55B | $79.25B | $110.30B | $50.66B | $27.91B | $36.69B | $44.39B |
| Debt / equity | 2.00 | 0.20 | 0.23 | 2.12 | 1.78 | 1.52 | 1.91 |
| Debt / assets | 0.10 | 0.18 | 0.20 | 0.13 | 0.11 | 0.47 | 0.11 |
| Net debt / EBITDA | 5.19 | 20.02 | 15.64 | 6.06 | 3.49 | — | 7.08 |
| Current ratio | 0.12 | 0.79 | 0.77 | 0.13 | 0.14 | 1.29 | 0.12 |
| Quick ratio | 0.12 | 0.79 | 0.77 | 0.34 | 0.37 | 1.25 | 0.59 |
| Interest coverage | 0.4 | 0.3 | 0.7 | 2.0 | 1.1 | — | 0.5 |
| Working capital | −$447.65B | −$19.06B | −$16.16B | −$390.44B | −$385.47B | $3.83B | −$378.97B |
| Invested capital | $82.22B | $848.86B | $829.38B | $100.58B | $76.81B | $62.16B | $92.77B |
| Tangible asset value | $39.27B | $763.15B | $712.94B | $44.54B | $44.00B | $16.69B | $45.12B |
| Net current asset value | −$832.47B | −$28.10B | −$59.38B | −$687.60B | −$698.83B | −$39.89B | −$715.55B |
| Graham number | $4.73 | $2.12 | $3.05 | $3.89 | $3.62 | — | $2.63 |
| Graham net-net per share | −$55.84 | −$0.38 | −$0.83 | −$40.80 | −$41.68 | — | −$45.56 |
| Capital allocation | |||||||
| Dividends paid | $1.96B | $453.0M | $2.31B | $2.24B | $2.28B | $1.83B | $2.01B |
| Share buybacks (net) | $1.67B | $683.0M | $1.09B | $1.00B | $1.33B | $221.0M | $0 |
| Dividend payout ratio | 42.0% | 34.4% | 79.0% | 50.8% | 58.4% | 18.8% | 97.6% |
| Dividends + buybacks / free cash flow | — | 4.7% | 43.5% | — | — | 84.8% | — |
| Capex / revenue | 7.6% | 15.5% | 13.9% | 16.3% | 15.4% | 21.9% | 15.4% |
| Capex / operating cash flow | 114.4% | 10.7% | 30.5% | — | — | 63.0% | 181.3% |
| Capex / depreciation | 1.43 | 1.06 | 1.29 | 1.46 | 1.54 | 2.23 | 1.58 |
| Stock-based compensation / revenue | — | — | 1.5% | 2.1% | 1.8% | — | 1.8% |
| SG&A / revenue | — | 2.0% | 1.6% | 2.2% | 2.3% | — | 1.9% |
| Efficiency | |||||||
| Days sales outstanding | 7.6 | 12.5 | 7.9 | 11.4 | 34.5 | 44.5 | 10.7 |
| Days of inventory on hand | — | — | — | -11,961.8 | -3,645.1 | -2,462.6 | -9,940.4 |
| Days payables outstanding | — | 134.9 | 11,652.7 | 52,380.8 | 15,281.7 | 5,263.6 | 20,973.0 |
| Cash conversion cycle (days) | — | -122.4 | -14,138.9 | -64,331.2 | -18,892.4 | -7,681.6 | -30,902.7 |
| Receivables turnover | 48.29 | 29.23 | 46.38 | 31.95 | 10.59 | 8.19 | 34.15 |
| Payables turnover | — | 2.70 | 0.03 | 0.01 | 0.02 | 0.07 | 0.02 |
| Asset turnover | 0.07 | 0.02 | 0.03 | 0.03 | 0.05 | 0.04 | 0.03 |
| Average receivables | $1.35B | $639.5M | $534.5M | $675.5M | $2.24B | $2.29B | $714.0M |
| Average payables | — | $1.31B | $213.29B | $423.78B | $213.27B | $213.27B | $422.10B |
| Average inventory | — | — | −$45.65B | −$96.78B | −$50.87B | −$99.78B | −$200.06B |
| Intangibles / total assets | 0.9% | 0.7% | 0.7% | 0.7% | 0.6% | 10.7% | 0.5% |
Computed from LYG's annual financial statements (latest annual report filed February 13, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LYG valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Lloyds Banking traded at 17.0 times earnings, against a 7-year median of 22.2. Based on the latest twelve months, the trailing P/E is 12.7 and the forward P/E is 9.2. Lloyds Banking earned a return on equity of 9.8% and a return on invested capital of 5.8% in fiscal 2025. It ended the year with $95.1 billion of debt and $60.6 billion in cash and short-term investments, net debt of $34.5 billion. It returned $3.6 billion to shareholders: $2.0 billion in dividends and $1.7 billion in share buybacks. The share count fell 17.0% from 18.01B to 14.95B over 6 years.
See the LYG income statement, the LYG chart for price history, or the LYG stock overview for the latest quote and news.
LYG key metrics FAQ
What is Lloyds Banking's P/E ratio?
Lloyds Banking's trailing P/E ratio is 12.7 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 9.2. At the end of fiscal 2025 it was 17.0, compared with a 7-year median of 22.2.
What is Lloyds Banking's EV/EBITDA?
Lloyds Banking's enterprise value was 17.1 times EBITDA at the end of fiscal 2025 (enterprise value $113.8 billion, EBITDA $6.7 billion).
What is Lloyds Banking's return on equity?
Lloyds Banking's return on equity (ROE) was 9.8% in fiscal 2025: net income of $4.7 billion on average shareholders' equity of $408.6 billion.
What is Lloyds Banking's ROIC?
Lloyds Banking's return on invested capital was 5.8% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Lloyds Banking have?
Lloyds Banking had total debt of $95.1 billion at the end of fiscal 2025, a debt-to-equity ratio of 2.00 and $34.5 billion of net debt (5.19 times EBITDA).
What is Lloyds Banking's dividend yield?
Lloyds Banking's forward dividend yield is 4.01%. Lloyds Banking paid $2.0 billion in dividends in fiscal 2025 ($0.13 per share), a payout ratio of 42.0%.
Does Lloyds Banking buy back its shares?
Yes. Lloyds Banking spent $1.7 billion on net share repurchases in fiscal 2025 Shares outstanding changed −79.0% over the year, to 14.95B..
What is Lloyds Banking's free cash flow yield?
Lloyds Banking generated -$625.0 million of free cash flow in fiscal 2025, a free cash flow yield of −0.8% on its market value at year-end ($79.2 billion).
What is Lloyds Banking's current ratio?
Lloyds Banking's current ratio was 0.12 at the end of fiscal 2025: current assets were 0.12 times current liabilities.