# Lloyds Banking Group plc (LLOY.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Financial Services / Banks. Price 112p, market value 65.1 billionp.

## Valuation
- **P/E (trailing): 14.1×** (5-yr avg 902.2×, 3-yr avg 979.6×). Lloyds Banking Group plc trades at 14.1× trailing earnings, well below its own five-year average of 902.2×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 9.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.85**. A PEG of 0.85 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 5.7×**. Each dollar of revenue is priced at 5.7×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -1.0%** (5-yr avg 0.1%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 7.1%**. The inverse of the P/E: 7.1% of the price is earned each year.

## Profitability
- **Net margin: 10.2%**. 10.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.8%**. 8.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 0.6%**. Each dollar of assets produces 0.6% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 8.9%** (3-yr 25.4%/yr, 5-yr 17.0%/yr). Revenue grew 8.9% over the last year, against 17.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 10.9%** (3-yr 12.4%/yr, 5-yr 41.9%/yr). Earnings per share rose 10.9%, roughly in step with revenue.

## Financial health
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.
- **Cash and short-term investments: 60.6 billionp**. 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: 3.56%** (0p per share, trailing). Lloyds Banking Group plc yields 3.56%, an income-level yield.
- **Payout ratio: 48%**. 48% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 5**. 5 straight years of increases.
- **Shareholder yield: 6.0%**. Dividends plus net buybacks return 6.0% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (19 analysts). 19 analysts cover Lloyds Banking Group plc; the consensus is buy, with an average price target of 121p (+8% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 41.9%** (YTD 14.6%, 3-mo 13.7%). The shares are up 41.9% over twelve months including dividends.
- **From 52-week high: -4.7%** (39.9% above the low). Trading within 5% of 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): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 1.66** (volatility 27%). Beta of 1.66 against the FTSE All-Share: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=LLOY.L · Page: https://foliofundamentals.com/stocks/lloy.l

Not investment advice.