EV/EBITDA

The current EV/EBITDA of 12.9x means that LH’s enterprise value (total market value plus debt minus cash) is 12.9 times its earnings before interest, taxes, depreciation, and amortization — a common measure of valuation relative to cash earnings.

This sits below the sector median of 13.8x, placing LH at the 46th percentile among its peers, indicating it is valued slightly cheaper than the typical sector company. The metric has been increasing over the last eight quarters; while the year-over-year change is not available, the quarter-over-quarter change is +1.8%, and the three most recent values (12.9x, 12.7x, 12.2x) confirm a rising trend. The combination of a below-median valuation but an upward trend suggests that LH’s relative cheapness is narrowing, which could signal either improvement in fundamentals or a gradual reduction of the margin of safety for investors. This pattern does not clearly point to a strong opportunity or a pressing risk, as the metric is moving toward the sector median without overshooting it. The NEUTRAL verdict is supported by this metric — the current level is not extreme, and the upward trend is modest, offering neither a clear value signal nor a valuation concern.

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