# LSI Industries Inc. (LYTS) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Electronic Equipment, Instruments & Components. Price $20.23, market value $754 million.

## Valuation
- **P/E (trailing): 30.2×** (5-yr avg 20.5×, 3-yr avg 26.0×). LSI Industries Inc. trades at 30.2× trailing earnings, well above its own five-year average of 20.5×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 11.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.1×**. Each dollar of revenue is priced at 1.1×.
- **Price / book: 2.1×**. The shares trade at 2.1× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 18.1×**. Enterprise value is 18.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.2%** (5-yr avg 5.9%). Free cash flow equals 5.2% of the market value, in line with its five-year average of 5.9%. Above 5% is generally attractive.
- **Earnings yield: 3.3%**. The inverse of the P/E: 3.3% of the price is earned each year.

## Profitability
- **Gross margin: 25.1%**. LSI Industries Inc. keeps 25.1% of revenue after the direct cost of what it sells.
- **Operating margin: 5.6%**. 5.6% of revenue is left after running the business.
- **Net margin: 3.3%**. 3.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.3%**. 6.3% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 5.0%**. Return on all capital, debt included, is 5.0%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 2.7%**. Each dollar of assets produces 2.7% of profit.

## Growth
- **Revenue growth (1 yr): 20.2%** (3-yr 11.5%/yr, 5-yr 16.9%/yr). Revenue grew 20.2% over the last year, against 16.9% a year compounded over five years.
- **EPS growth (1 yr): -15.2%** (3-yr -8.7%/yr, 5-yr 26.1%/yr). Earnings per share fell 15.2%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -5.6%/yr**. Free cash flow has compounded at -5.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.71**. Debt is 0.71 times equity, moderate leverage.
- **Net debt / EBITDA: 4.4×**. It would take 4.4 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 1.97** (quick 1.97). Current assets cover the next year's liabilities 1.97 times.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.99%** ($0.20 per share, trailing). LSI Industries Inc. yields 0.99%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 29%** (17% of free cash flow). 29% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 10**. 10 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): -12.4%** (YTD 10.9%, 3-mo -10.3%). The shares are down 12.4% over twelve months including dividends.
- **From 52-week high: -26.1%** (17.5% above the low). Trading 26% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 36**. An RSI of 36 is neutral.
- **Beta (1 yr): 1.44** (volatility 41%). Beta of 1.44 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=LYTS · Page: https://foliofundamentals.com/stocks/lyts

Not investment advice.