Question 1

What is Lowe's Companies's P/B ratio?

Accepted Answer

Lowe's Companies (LOW) P/B ratio is 333.6× as of August 25, 2021. 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 Lowe's Companies?

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 Lowe's Companies specifically, the relevant sector benchmark is the current sector median of 4.3×.

Question 5

Is Lowe's Companies's P/B ratio high or low?

Accepted Answer

Lowe's Companies's P/B ratio of 333.6× is above the sector median of 4.3×. That places the current reading at the 94th 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 Lowe's Companies's historical P/B ratio range?

Accepted Answer

In the available daily series, Lowe's Companies (LOW) P/B ratio has ranged from a low of 1.5× in 2009 to a high of 336.9× in 2021.

Question 7

What was Lowe's Companies's P/B ratio in 2021?

Accepted Answer

Lowe's Companies (LOW) P/B ratio at the end of 2021 was 83.4×. 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 Lowe's Companies'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.


2026	$149B	-$9.92B	—	—	Jan 30, 2026
2025	$146B	-$14.2B	—	—	Jan 31, 2025
2024	$122B	-$15.1B	—	—	Jan 31, 2024
2023	$126B	-$14.3B	—	—	Jan 31, 2023
2022	$160B	-$4.82B	—	—	Jan 31, 2022
2021	$120B	$1.44B	83.4×	+38.5×	Jan 31, 2021
2020	$88.7B	$1.97B	45.0×	+23.8×	Jan 31, 2020
2019	$77B	$3.64B	21.1×	+6.4×	Jan 31, 2019
2018	$86.7B	$5.87B	14.8×	+4.9×	Jan 31, 2018
2017	$63.4B	$6.43B	9.8×	+1.2×	Jan 31, 2017
2016	$66.1B	$7.65B	8.6×	+2.1×	Jan 31, 2016
2015	$65.3B	$9.97B	6.6×	+2.5×	Jan 31, 2015
2014	$47.9B	$11.9B	4.0×	+1.0×	Jan 31, 2014
2013	$42.4B	$13.9B	3.1×	+1.1×	Jan 31, 2013
2012	$33.1B	$16.5B	2.0×	+0.1×	Jan 31, 2012
2011	$33.7B	$18.1B	1.9×	+0.2×	Jan 31, 2011
2010	$32B	$19.1B	1.7×	+0.2×	Jan 31, 2010
2009	$26.7B	$18.1B	1.5×	-0.9×	Jan 31, 2009
2008	$38.4B	$16.1B	2.4×	-0.9×	Jan 31, 2008
2007	$51.2B	$15.7B	3.3×	-0.2×	Jan 31, 2007
2006	$49.7B	$14.3B	3.5×	-0.4×	Jan 31, 2006
2005	$44.7B	$11.5B	3.9×	-0.4×	Jan 31, 2005
2004	$43.9B	$10.3B	4.3×	+0.9×	Jan 31, 2004
2003	$27.4B	$8.3B	3.3×	—	Jan 31, 2003


Aureus Greenway Holdings (PUSA)	3.6×
Genuine Parts (GPC)	3.6×
Norwegian Cruise Line (NCLH)	3.5×
V.F. (VFC)	3.5×
Lululemon Athletica (LULU)	3.1×
Carnival Corporation (CCL)	2.9×
Ball (BALL)	2.8×
PDD Holdings (PDD)	2.3×
GameStop (GME)	2.0×
XPeng (XPEV)	2.0×
D.R. Horton (DHI)	2.0×
Alibaba (BABA)	1.9×
Li Auto (LI)	1.8×
Amcor (AMCR)	1.7×
Toll Brothers (TOL)	1.6×
Lucid Group (LCID)	1.5×
Leggett & Platt (LEG)	1.3×
Weyco Group (WEYS)	1.2×
Ford Motor (F)	1.2×
LKQ (LKQ)	1.2×
General Motors (GM)	1.1×
Smurfit Westrock (SW)	1.1×
Lennar (LEN)	1.0×
KB Home (KBH)	0.8×
Mohawk Industries (MHK)	0.7×

P/B Ratio for Lowe's Companies (LOW) 2003-2026

P/B Ratio daily chart for Lowe's Companies (LOW)

Historical P/B Ratio for Lowe's Companies (LOW) from 2003 to 2026

About P/B Ratio at Lowe's Companies (LOW)

Lowe's Companies P/B Ratio by Year

Lowe's Companies P/B Ratio 2021: 83.4×

Lowe's Companies P/B Ratio 2020: 45.0×

Lowe's Companies P/B Ratio 2019: 21.1×

Lowe's Companies P/B Ratio 2018: 14.8×

Lowe's Companies P/B Ratio 2017: 9.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Lowe's Companies (LOW) Key Financials