Laboratory Corporation of America Holdings

NYSE LH

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Laboratory Corporation of America Holdings Price to Earnings Ratio (P/E) on June 03, 2024: 44.16

Laboratory Corporation of America Holdings Price to Earnings Ratio (P/E) is 44.16 on June 03, 2024, a 129.50% change year over year. The price to earnings ratio (P/E ratio) compares the market price per share of a company's stock to its earnings per share (EPS). It is calculated by dividing the market capitalization by the net income, divided by the number of outstanding shares. This ratio provides insights into the market's valuation of a company's earnings. A higher P/E ratio indicates that investors are willing to pay a higher price for each unit of earnings, suggesting higher market expectations for future earnings growth.
  • Laboratory Corporation of America Holdings 52-week high Price to Earnings Ratio (P/E) is 48.29 on May 15, 2024, which is 9.33% above the current Price to Earnings Ratio (P/E).
  • Laboratory Corporation of America Holdings 52-week low Price to Earnings Ratio (P/E) is 18.26 on June 29, 2023, which is -58.66% below the current Price to Earnings Ratio (P/E).
  • Laboratory Corporation of America Holdings average Price to Earnings Ratio (P/E) for the last 52 weeks is 28.80.
NYSE: LH

Laboratory Corporation of America Holdings

CEO Mr. Adam H. Schechter
IPO Date March 29, 1990
Location United States
Headquarters 358 South Main Street, Burlington, NC, United States, 27215
Employees 67,000
Sector Healthcare
Industry Diagnostics & research
Description

Labcorp Holdings Inc. operates as a laboratory services company that provides vital information to help doctors, hospitals, pharmaceutical companies, researchers, and patients make clear and confident decisions. It operates in two segments, Diagnostics Laboratories (Dx) and Biopharma Laboratory Services (BLS). The company offers various tests, such as blood chemistry analyses, urinalyses, blood cell counts, thyroid tests, PAP tests, hemoglobin A1C and vitamin D, prostate-specific antigens, tests for sexually transmitted diseases, hepatitis C tests, microbiology cultures and procedures, and alcohol and other substance-abuse tests. It also provides specialty testing services comprising gene-based and esoteric testing; advanced tests target specific diseases; services related to anatomic pathology/oncology, cardiovascular disease, coagulation, diagnostic genetics, endocrinology, infectious disease, women's health, pharmacogenetics, parentage and donor testing, occupational testing services, medical drug monitoring services, chronic disease programs, and kidney stone prevention tests; and health and wellness services to employers and managed care organizations (MCOs), including health fairs, on-site and at-home testing, vaccinations, and health screenings. It serves pharmaceutical, biotechnology, medical device, and diagnostics companies; and MCOs, employer plans, other health insurance providers, governmental agencies, physicians and other healthcare providers, hospitals and health systems, employers, patients and consumers, contract research organizations, crop protection and chemical companies, academic institutions, independent clinical laboratories, and retailers.

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StockViz Staff

September 16, 2024

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