Question 1

What is Lennox International's P/B ratio?

Accepted Answer

Lennox International (LII) P/B ratio is 14.7× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Lennox International?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Lennox International specifically, the relevant sector benchmark is the current sector median of 5.0×.

Question 5

Is Lennox International's P/B ratio high or low?

Accepted Answer

Lennox International's P/B ratio of 14.7× is below its own 5-year average of 45.7× and above the sector median of 5.0×. That places the current reading at the 5th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Lennox International's historical P/B ratio range?

Accepted Answer

In the available daily series, Lennox International (LII) P/B ratio has ranged from a low of 0.8× in 2001 to a high of 761.6× in 2017. The 5-year average is 45.7× and the 5-year median is 27.1×.

Question 7

What was Lennox International's P/B ratio in 2025?

Accepted Answer

Lennox International (LII) P/B ratio at the end of 2025 was 14.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Lennox International's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$16.95B	$1.16B	14.6×	-11.1×	Dec 31, 2025
2024	$21.81B	$850.20M	25.7×	-30.2×	Dec 31, 2024
2023	$15.93B	$285.30M	55.8×	—	Dec 31, 2023
2022	$8.47B	−$203.10M	—	—	Dec 31, 2022
2021	$11.87B	−$269.00M	—	—	Dec 31, 2021
2020	$10.49B	−$17.10M	—	—	Dec 31, 2020
2019	$9.42B	−$170.20M	—	—	Dec 31, 2019
2018	$8.75B	−$149.60M	—	—	Dec 31, 2018
2017	$8.71B	$50.10M	173.8×	-1.0×	Dec 31, 2017
2016	$6.57B	$37.60M	174.8×	+119.3×	Dec 31, 2016
2015	$5.61B	$101.20M	55.4×	-459.5×	Dec 31, 2015
2014	$4.33B	$8.40M	515.0×	+506.3×	Dec 31, 2014
2013	$4.18B	$484.90M	8.6×	+3.3×	Dec 31, 2013
2012	$2.64B	$496.80M	5.3×	+1.6×	Dec 31, 2012
2011	$1.73B	$467.80M	3.7×	-0.6×	Dec 31, 2011
2010	$2.53B	$589.70M	4.3×	+0.7×	Dec 31, 2010
2009	$2.18B	$604.40M	3.6×	-0.3×	Dec 31, 2009
2008	$1.78B	$458.60M	3.9×	+0.8×	Dec 31, 2008
2007	$2.50B	$808.50M	3.1×	+0.5×	Dec 31, 2007
2006	$2.07B	$804.40M	2.6×	+0.1×	Dec 31, 2006
2005	$1.99B	$794.40M	2.5×	-0.3×	Dec 31, 2005
2004	$1.30B	$472.90M	2.8×	+1.3×	Dec 31, 2004
2003	$825.33M	$584.20M	1.4×	-0.3×	Dec 31, 2003
2002	$780.61M	$452.80M	1.7×	+0.9×	Dec 31, 2002
2001	$550.67M	$654.64M	0.8×	—	Dec 31, 2001


PACCAR (PCAR)	3.1×
Franklin Electric Co. (FELE)	3.0×
Huntington Ingalls Industries (HII)	2.9×
Brady (BRC)	2.9×
Fortive (FTV)	2.9×
Southwest Airlines (LUV)	2.7×
Xylem (XYL)	2.6×
FedEx (FDX)	2.5×
Axon Enterprise (TASR)	2.4×
Builders FirstSource (BLDR)	2.3×
McGrath RentCorp (MGRC)	2.2×
Tennant (TNC)	2.2×
Delta Air Lines (DAL)	2.1×
AGCO (AGCO)	2.0×
Textron (TXT)	1.9×
Archer Aviation (ACHR)	1.9×
United Airlines Holdings (UAL)	1.9×
Alamo Group (ALG)	1.7×
Matthews International (MATW)	1.6×
MDU Resources Group (MDU)	1.5×
Amentum Holdings (AMTM)	1.4×
ABM Industries (ABM)	1.4×
Stanley Black & Decker (SWK)	1.2×
Alaska Air Group (ALK)	1.1×
Versant Media Group, Inc. Class A (VSNT)	0.7×

P/B Ratio for Lennox International (LII)

P/B Ratio daily chart for Lennox International (LII)

Historical P/B Ratio for Lennox International (LII) from 2001 to 2025

About P/B Ratio at Lennox International (LII)

Lennox International P/B Ratio by Year

Lennox International P/B Ratio 2025: 14.6×

Lennox International P/B Ratio 2024: 25.7×

Lennox International P/B Ratio 2023: 55.8×

Lennox International P/B Ratio 2017: 173.8×

Lennox International P/B Ratio 2016: 174.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Lennox International (LII) Key Financials

P/B Ratio daily chart for Lennox International (LII)

Historical P/B Ratio for Lennox International (LII) from 2001 to 2025

About P/B Ratio at Lennox International (LII)

Lennox International P/B Ratio by Year

Lennox International P/B Ratio 2025: 14.6×

Lennox International P/B Ratio 2024: 25.7×

Lennox International P/B Ratio 2023: 55.8×

Lennox International P/B Ratio 2017: 173.8×

Lennox International P/B Ratio 2016: 174.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Lennox International's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Lennox International?

+Is Lennox International's P/B ratio high or low?

+What is Lennox International's historical P/B ratio range?

+What was Lennox International's P/B ratio in 2025?

+Why does Lennox International's P/B ratio change over time?

Lennox International (LII) Key Financials