LPX
Louisiana-Pacific Corporation
LPX's fundamentals are weak and it looks expensive: trading at 77x earnings, about four times its usual 19x. Analysts expect strong earnings growth, though they disagree widely on how much.
LPX Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Stable | |
| Under pressure | |
| Strong |
LPX's balance sheet is currently strong, and its revenue and profitability are stable, but its cash flow is under pressure.
LPX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.6x | $4.48 | -94% |
| Fair | 18x | $17.88 | -76% |
| Forward | 37x | $74.80 | — |
| Expensive | 60x | $57.78 | -23% |
| Current | 77x | $74.80 | — |
Historical ranges are pointers, not guarantees.
LPX's PE is in its expensive range at 77x. If earnings grow as analysts expect, today's price would be 37x next year's earnings.
LPX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for LPX, with profitability improving. However, they disagree widely on these estimates.
LPX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.04 | +110% |
| Q3 2026 | $0.97 | -69% |
| Q2 2026 | $0.78 | -82% |
| Q1 2026 | $1.17 | -80% |
| Q4 2025 | $2.08 | -65% |
| Q3 2025 | $3.10 | -47% |
| Q2 2025 | $4.25 | -31% |
| Q1 2025 | $5.71 | +56% |
| Q4 2024 | $5.89 | +139% |
LPX's earnings per share have fallen from their peak: $0.97 over the past year, against $16.69 in early 2022.
LPX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $691M | +4.2% |
| Q2 2026 | $664M | -12% |
| Q1 2026 | $574M | -21% |
| Q4 2025 | $567M | -17% |
| Q3 2025 | $663M | -8.2% |
| Q2 2025 | $755M | -7.2% |
| Q1 2025 | $724M | 0% |
| Q4 2024 | $680M | +3.3% |
LPX's revenue has slid since its 2022 peak: $691M last quarter, up 4.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.2% | +1.5 points |
| Q2 2026 | 4.7% | -5.9 points |
| Q1 2026 | 5.9% | -11 points |
| Q4 2025 | -1.6% | -13 points |
| Q3 2025 | 2.7% | -13 points |
| Q2 2025 | 11% | -13 points |
| Q1 2025 | 17% | -3.5 points |
| Q4 2024 | 11% | -2.5 points |
LPX's operating margin was 4.2% last quarter, up 1.5 points from the same quarter a year ago.
LPX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $56M | +1020% |
| Q2 2026 | $81M | -14% |
| Q1 2026 | -$99M | -$99M |
| Q4 2025 | -$8M | -119% |
| Q3 2025 | $5M | -96% |
| Q2 2025 | $94M | -47% |
| Q1 2025 | $0 | -100% |
| Q4 2024 | $43M | -55% |
LPX still generates free cash flow, though less than at its 2021 peak: $30M over the past year.
LPX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | -2.8% | -2M shares |
| 5 years | -26% | -24M shares |
| Available history | -43% | -53M shares |
LPX has 70M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $61M |
| Q4 2024 | $24M |
LPX hasn't bought back shares in the past year.
LPX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.4x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | 0.7x | Very low |
| Q4 2025 | 0.2x | Very low |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | 0.0x | Very low |
| Q1 2025 | 0.2x | Very low |
| Q4 2024 | 0.0x | Very low |
LPX's net debt is less than a year of its operating earnings (EBITDA).
LPX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.7 | Neutral |
| Stochastic | 69.3 | Neutral |
LPX's weekly RSI is 53 (neutral) and its Stochastic is 69 (neutral).
LPX PE vs Basic Materials Sector
| Metric | LPX | Sector median | Relative |
|---|---|---|---|
| PE | 77x | 19x | 314% above |
| PE % | 89 | 40 | 49 pts above |
LPX is trading at 77x earnings, a 314% premium to the Basic Materials sector's median of 19x.
LPX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $70.6 | 5.9% above |
| 20 week MA | $71.8 | 4.2% above |
| 50 week MA | $76.6 | 2.4% below |
| 100 week MA | $85.1 | 12% below |
| 200 week MA | $80.5 | 7% below |
LPX has bounced recently, but its long-term trend is still down: it's above its 8- and 20-week averages, but 7% below its 200-week average.
LPX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.9 | $38.8 | +30% |
| 2021 | $38.8 | $76.4 | +97% |
| 2022 | $76.4 | $60.6 | -21% |
| 2023 | $60.6 | $70.8 | +17% |
| 2024 | $70.8 | $103.4 | +46% |
| 2025 | $103.4 | $83.0 | -20% |
| 2026 YTD | $83.0 | $74.8 | -9.8% |
LPX has finished higher in four of the last six years. It's down 9.8% so far in 2026.