Lloyds Banking (LYG) Stock Analysis

November 11, 2026

This is a peer-relative look at Lloyds Banking (LYG): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Banks peers, so every number reads in context rather than in isolation.

Company Profile

Lloyds Banking (LYG) trades as an ADR rather than ordinary local shares — read it with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile fields for Lloyds Banking (LYG)
Profile Item	LYG
Name	Lloyds Banking Group plc ADR
Country/Region	United Kingdom
GICS Sector	Financials
GICS Industry Group	Banks
GICS Industry	Banks
GICS Sub-Industry	Diversified Banks
Market Capitalization	72.69 billion USD
Currency	USD
Exchange	NYSE
Listing Date	November 28, 2001
Security Type	ADR

Price Performance

Cumulative Growth

LYG

GSPC

Lloyds Banking (LYG) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Lloyds Banking (LYG) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Lloyds Banking (LYG) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Lloyds Banking (LYG) metric values compared with Banks industry-group medians
Metric	Current stock: LYG	Industry group median
Total Return (1Y)	12.27%	30.28%
Total Return (3Y, Annualized)	43.57%	26.57%
Total Return (5Y, Annualized)	20.88%	9.43%

Risk Profile

Drawdown History

LYG

GSPC

Lloyds Banking (LYG) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Lloyds Banking (LYG) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Lloyds Banking (LYG) metric values compared with Banks industry-group medians
Metric	Current stock: LYG	Industry group median
Volatility (1Y, Annualized)	30.68%	24.34%
Beta (5Y)	0.88	0.72
Max Drawdown (5Y)	-40.17%	-43.36%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. LYG is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Lloyds Banking (LYG) metric values compared with Banks industry-group medians
Metric	Current stock: LYG	Industry group median
Sharpe Ratio (1Y)	0.26	1.08
Sortino Ratio (1Y)	0.39	1.61

Profitability

ROE (TTM)

Lloyds Banking (LYG) posts ROE of 13.69%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

LYG

Banks industry group

13.69%

Group distribution

Max: 19.84%
LYG: 13.69%
Q3: 13.67%
Median: 11.49%
Q1: 9.50%
Min: 3.64%

Largest peers

JPM: 18.01%
RY: 16.21%
HSBC: 14.22%
LYG: 13.69%
WFC: 12.91%
BAC: 10.73%
MUFG: 9.46%

Where Lloyds Banking (LYG) stands on ROE within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Lloyds Banking (LYG) keeps 30.61% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

LYG

Banks industry group

30.61%

Group distribution

Max: 47.19%
Q3: 35.25%
Median: 31.21%
LYG: 30.61%
Q1: 27.11%
Min: 14.93%

Largest peers

HSBC: 41.16%
JPM: 34.59%
RY: 33.87%
LYG: 30.61%
BAC: 28.06%
WFC: 27.64%
MUFG: 27.45%

Where Lloyds Banking (LYG) stands on net margin within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

operating margin is set aside for Lloyds Banking (LYG) in Banks: the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

Lloyds Banking (LYG) metric values compared with Banks industry-group medians
Metric	Current stock: LYG	Industry group median
ROE (TTM)	13.69%	11.49%
ROA (TTM)	0.65%	1.24%
Net Margin (TTM)	30.61%	31.21%
Operating Margin (TTM)	--	--
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Lloyds Banking (LYG) grew revenue 7.66%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Lloyds Banking (LYG): Revenue Growth across different time periods, set against Banks industry-group medians.

EPS Growth

Lloyds Banking (LYG) grew earnings per share 11.29%, roughly around the peer group's normal range. Bottom-line momentum looks broadly typical for the industry.

Lloyds Banking (LYG): EPS Growth across different time periods, set against Banks industry-group medians.

Growth Metrics

Lloyds Banking (LYG) metric values compared with Banks industry-group medians
Metric	Current stock: LYG	Industry group median
Revenue Growth (YoY)	7.66%	11.23%
Revenue Growth (3Y CAGR)	7.66%	6.33%
EPS Growth (YoY)	11.29%	16.14%
EPS Growth (3Y CAGR)	-1.41%	3.15%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Lloyds Banking (LYG) in Banks: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Lloyds Banking (LYG) in Banks: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Lloyds Banking (LYG) metric values compared with Banks industry-group medians
Metric	Current stock: LYG	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Lloyds Banking (LYG) has dividend yield of 0.77%, in the lower peer-yield quartile. Dividend income is lighter than at most industry peers, which may reflect a greater tilt toward reinvestment, buybacks, or growth.

LYG

Banks industry group

0.77%

Group distribution

Max: 5.79%
Q3: 3.18%
Median: 2.39%
Q1: 1.20%
LYG: 0.77%
Min: 0.00%

Largest peers

MUFG: 406.81%
RY: 3.23%
BAC: 2.33%
WFC: 2.19%
JPM: 1.82%
HSBC: 0.86%
LYG: 0.77%

Where Lloyds Banking (LYG) stands on dividend yield within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Lloyds Banking (LYG) has payout ratio of 41.85%, above the industry’s usual payout band. A larger share of earnings is going to dividends, so the cushion narrows if profit weakens.

LYG

Banks industry group

41.85%

Group distribution

Max: 70.75%
LYG: 41.85%
Q3: 41.28%
Median: 29.26%
Q1: 18.98%
Min: 0.00%

Largest peers

HSBC: 53.57%
LYG: 41.85%
RY: 41.49%
MUFG: 34.74%
BAC: 27.62%
WFC: 26.09%
JPM: 25.80%

Where Lloyds Banking (LYG) stands on payout ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Lloyds Banking (LYG) metric values compared with Banks industry-group medians
Metric	Current stock: LYG	Industry group median
Dividend Yield (TTM)	0.77%	2.39%
Dividend Payout Ratio (TTM)	41.85%	29.26%

Valuation

P/E Ratio (TTM)

Lloyds Banking (LYG) trades at P/E ratio of 9.79, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

LYG

Banks industry group

9.79

Group distribution

Max: 18.16
Q3: 13.75
Median: 11.81
Q1: 10.64
LYG: 9.79
Min: 6.49

Largest peers

RY: 17.58
JPM: 14.03
MUFG: 13.71
WFC: 11.84
BAC: 11.79
HSBC: 11.38
LYG: 9.79

Where Lloyds Banking (LYG) stands on P/E ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

P/S ratio is not assessed for Lloyds Banking (LYG) in Banks: the revenue line is driven by spread economics rather than conventional product or service sales, so book value or earnings usually carry more weight.

P/B Ratio (MRQ)

Lloyds Banking (LYG) trades at 1.19 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

LYG

Banks industry group

1.19

Group distribution

Max: 2.28
Q3: 1.58
Median: 1.32
LYG: 1.19
Q1: 1.10
Min: 0.59

Largest peers

HSBC: 6.87
RY: 2.92
JPM: 2.53
MUFG: 1.64
WFC: 1.59
BAC: 1.26
LYG: 1.19

Where Lloyds Banking (LYG) stands on P/B ratio within its Banks peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Lloyds Banking (LYG) metric values compared with Banks industry-group medians
Metric	Current stock: LYG	Industry group median
P/E Ratio (TTM)	9.79	11.81
P/S Ratio (TTM)	--	--
P/B Ratio (MRQ)	1.19	1.32
Free Cash Flow Yield (TTM)	--	--