# Life & Banc Split Corp. (LBS.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Financial Services / Capital Markets. Price C$12.75, market value C$1.6 billion.

## Valuation
- **P/E (trailing): 1.4×** (5-yr avg 1.7×, 3-yr avg 1.9×). Life & Banc Split Corp. trades at 1.4× trailing earnings, close to its own five-year average of 1.7×. The Financial Services median in the September 2026 study was 13.1×.
- **Price / sales: 9.5×**. Each dollar of revenue is priced at 9.5×.
- **Price / book: 0.9×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 1.8×**. Enterprise value is 1.8× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 1.0%** (5-yr avg -21.0%). Free cash flow equals 1.0% of the market value, above its five-year average of -21.0%, so the shares are cheaper on cash than they have usually been.
- **Earnings yield: 69.6%**. The inverse of the P/E: 69.6% of the price is earned each year.

## Profitability
- **Gross margin: 94.6%**. Life & Banc Split Corp. keeps 94.6% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 300.3%**. 300.3% of revenue is left after running the business, an exceptional level.
- **Net margin: 388.8%**. 388.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 40.2%**. 40.2% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 36.1%**. Each dollar of assets produces 36.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 72.3%** (5-yr 23.3%/yr). Revenue grew 72.3% over the last year, against 23.3% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 41.1%**. Earnings per share rose 41.1%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: C$1.2 billion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 9.35%** (C$1.11 per share, trailing). Life & Banc Split Corp. yields 9.35%, high enough to check carefully: yields this high often precede a cut.
- **Payout ratio: 21%** (657% of free cash flow). 21% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Dividend growth (5 yr): 25.2%/yr** (1-yr 2.5%). The dividend has compounded at 25.2% a year over five years, doubling roughly every 3 years at that pace.
- **Shareholder yield: 1.0%**. Dividends plus net buybacks return 1.0% of the market value a year.

## Price and momentum
- **Total return (1 yr): 94.7%** (YTD 44.1%, 3-mo 11.7%). The shares are up 94.7% over twelve months including dividends.
- **From 52-week high: -7.3%** (79.4% above the low). Trading 7% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 0.93** (volatility 25%). Beta of 0.93 against the S&P/TSX Composite: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=LBS.TO · Page: https://foliofundamentals.com/stocks/lbs.to

Not investment advice.