Stock Analysis on Net

Eli Lilly & Co. (NYSE:LLY)

$24.99

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

Eli Lilly & Co., P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Eli Lilly & Co. Annual Report.


The analysis of the financial metrics over the reported periods reveals several noteworthy trends and variations.

Share Price
The share price exhibited an initial decline from $55.89 in 2006 to a low of $29.38 in 2009, indicating a significant reduction in market valuation during this period. From 2009 onwards, a consistent upward trend is observed, with the price increasing markedly to $867.05 by 2025. This reflects strong market confidence and a substantial appreciation in the company’s equity value over the long term.
Earnings Per Share (EPS)
The EPS presented volatility throughout the reported years. An increase from $1.75 in 2006 to a peak of $2.6 in 2008 was followed by a steep decline to a negative figure of -$1.8 in 2009, indicating a loss during that fiscal year. Thereafter, EPS recovered and generally increased, with fluctuations such as a drop to -$0.19 in 2018. The company achieved its highest EPS of $11.17 in 2025, demonstrating improved profitability over time despite intermittent challenges.
Price-to-Earnings (P/E) Ratio
The P/E ratio showed considerable variability. Initial values were relatively moderate (around 32 in 2006), but the ratio fell sharply during the loss period in 2009 (value unavailable due to negative EPS). Subsequently, the P/E ratio fluctuated, reaching elevated levels of over 40 from 2021 to 2023 and peaking dramatically at 135.24 in 2024, before declining to 77.63 in 2025. These high P/E values suggest that the stock price grew more rapidly than earnings during these years, implying elevated market expectations for future growth or possible overvaluation.

Overall, the data indicates a recovery from financial difficulty in 2009, followed by substantive growth in share price and earnings. However, the variable P/E ratio highlights fluctuations in market sentiment and valuation multiples, with particularly high investor optimism in more recent years that may warrant further scrutiny.


Comparison to Competitors

Eli Lilly & Co., P/E, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Pharmaceuticals, Biotechnology & Life Sciences)

Eli Lilly & Co., P/E, long-term trends, comparison to sector (pharmaceuticals, biotechnology & life sciences)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Health Care)