How does LSI Industries Inc.’s P/E ratio compare with its history?
On this page, LYTS's current P/E is 28.7, compared with a multi-year average around 27.7. When the current P/E sits near its historical average, the multiple is close to that range. Look at trend direction in profitability and cash-flow rows, plus liquidity and leverage, rather than treating the P/E in isolation.