Lowe's Valuation Multiples

Lowe's Overview

About Lowe's

Lowe's is the second-largest home improvement retailer globally, with more than 1,750 stores in the US, after the 2023 divestiture of its Canadian locations (RONA, Lowe's Canada, Réno-Dépôt, and Dick's Lumber). The firm's stores offer products and services for home decorating, maintenance, repair, and remodeling, with maintenance and repair accounting for two-thirds of products sold. Lowe's primarily targets retail do-it-yourself (around 70% of sales) and do-it-for-me customers, but has expanded its professional business clients to 30% from less than 20% in the past six years (set ot expand further with the acquisition of FBM). We estimate Lowe's captures a high-single-digit share of the domestic home improvement market, based on US Census data and management's market size estimates.

Founded

1952

HQ

Employees

270.0K

Website

lowes.com

Sectors

Specialty Stores

Financials (LTM)

Revenue: $87B

EBITDA: $13B

EV

$188B

Valuation Multiples

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Lowe's Financials

Lowe's reported last 12-month revenue of $87B and EBITDA of $13B.

In the same LTM period, Lowe's generated $29B in gross profit, $13B in EBITDA, and $7B in net income.

Lowe's P&L

In the most recent fiscal year, Lowe's reported revenue of $86B and EBITDA of $12B.

Lowe's expects next 12-month revenue of XXX and NTM EBITDA of XXX

Lowe's Stock Performance

Lowe's has current market cap of $144B, and enterprise value of $188B.

Lowe's' stock price is $257.17.

Lowe's Valuation Multiples

Lowe's trades at 2.2x EV/Revenue multiple, and 15.0x EV/EBITDA.

Lowe's Financial Valuation Multiples

As of March 26, 2026, Lowe's has market cap of $144B and EV of $188B.

Equity research analysts estimate Lowe's' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Lowe's has a P/E ratio of 20.9x.

Lowe's Margins & Growth Rates

Lowe's' revenue in the last 12 month grew by 7%.

Lowe's' revenue per employee in the last FY averaged $0.3M.

Lowe's' rule of 40 is 22% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Lowe's' rule of X is 33% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Lowe's Public Comps

See public comps and valuation multiples for other Specialty Stores comps.

Lowe's M&A Activity

Lowe's acquired XXX companies to date.

Last acquisition by Lowe's was on XXXXXXXX, XXXXX. Lowe's acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Lowe's Investment Activity

Lowe's invested in XXX companies to date.

Lowe's made its latest investment on XXXXXXXX, XXXXX. Lowe's invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).