LSI Industries Inc (LYTS) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of LSI Industries Inc stock $9.09, price $17.20, that is 47.2% below the price, quality 39 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $5.23 – $26.73 · fair‑value band $5.94 – $14.04 · the $17.20 price screens above the $9.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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LSI Industries Inc. manufactures, markets, and sells non-residential lighting and retail display solutions in the United States. The company operates through Lighting and Display Solutions segments.
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The Lighting segment offers outdoor and indoor lighting fixture and controls solutions, including sensors, photocontrols, dimming, motion detection, and circuit controllers.
The Display Solutions segment provides exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, digital menu board systems, refrigerated displays, and custom display elements.
It also offers signage and canopy, pump dispenser, building fascia graphics, decals, interior signage and marketing graphics, aisle markers, wall mural graphics, refrigerated food and beverage displays, check-out counters, and an array of merchandising displays and cabinetry.
In addition, the company provides various project management services, including installation management, site surveys, permitting, and content management.
It serves across various vertical markets, such as refueling and convenience store, parking lot and garage, quick-service restaurant, retail, grocery and pharmacy, automotive dealership, sports court and field, and warehouse. LSI Industries Inc. was founded in 1976 and is based in Cincinnati, Ohio.
Stock analysis
LSI Industries Inc (LYTS) currently trades at $17.20, while our model-based Fair Value estimate is $9.09, 47% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $11.10 per share, and 0 of the 24 models we run sit above the $17.20 price.
Bear case: the Dividend Discount group reads lowest at $2.58, and 24 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: $5.94 (bear) to $14.04 (bull), the price of $17.20 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 39/100 (below-average quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
LSI Industries Inc reported revenue of $689M in FY2026 versus $455M in FY2022, a compound +10.9%/yr. Reported net income was $22.6M in FY2026, compounding +10.7%/yr from FY2022.
Key figures
Market cap $664M Small · P/E ratio 25.7 · P/S ratio 0.96 · EPS (TTM) $0.6700 · Dividend yield 1.2% · Net margin 3.3% · Return on equity 7.6% · Return on assets (EBIT) 8.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −13% fair-value upside, at −47%, LYTS screens richer than that median.
Fair Value models
Bear$5.94Fair Value $9.09Bull$14.04
Price $17.20 · Downside -47.2%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then ($0.1687 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director bought shares worth $39,456, on Aug 24, 2026. Over the same period, 4 people sold shares worth $8.4M.
SaleThomas A CanerisEVP, HR and General Counsel3× since May 28, 2026: 123,430 shares, avg. $23.80$2.9MAug 26, 2026
SaleJames Anthony ClarkCEO and President, Director2× since Aug 24, 2026: 60,953 shares, avg. $20.01$1.2MAug 26, 2026
SaleJames E GaleeseExecutive VP; CFO3× since May 28, 2026: 157,766 shares, avg. $23.72$3.7MAug 26, 2026
BuyErnest W Marshall JrDirector2,000 shares at $19.73$39,456Aug 24, 2026
SaleWilfred T OgaraDirector2× since Jun 1, 2026: 20,738 shares, avg. $24.09$499,578Jun 1, 2026
Plus 22 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+20.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.9%
Start year 2021 (pandemic). Over 10 years: +7.9% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+10.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.1%
Dividend (yield on the price)1.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13.1% vs 12.3%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.3% → 6%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes less growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+11.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+10.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +8.4% a year for the price and +8.1% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Business Equipment & Supplies · 76 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside−47.2% · Bottom 25%
Profitability
Return on equity (12 months)7.6% · Above median
Return on assets2.7% · Above median
Net margin (12 months)3.3% · Below median
Operating margin (12 months)10.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)51.3% · Top 25%
Dividend yield (12 months)1.2% · Below median
Balance sheet
Debt / equity0.68× · Highest 25%
Valuation Multiplesvs Business Equipment & Supplies median · lower = cheaper
P/E (12 months)25.7× · Pricier than median
P/B1.84× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)0.96× · Cheaper than median
Price / free cash flow (fiscal year)17.0× · Pricier than median
EV/EBITDA13.8× · Pricier than median
PEG0.40× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 30
FUTURE (revenue growth)100· sector 22
PAST (return on equity)31· sector 28
HEALTH (low debt)66· sector 98
DIVIDEND (yield)23· sector 50
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is LSI Industries Inc (LYTS) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $9.09 versus a price of $17.20, about 47% lower (overvalued).
What is the fair value of LYTS?
Our model-based fair value for LSI Industries Inc is $9.09 (as of Nov 6, 2026), built from audited fundamentals. The current price: $17.20.
What is the quality score of LYTS?
LSI Industries Inc has a Quality Score of 39/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for LSI Industries Inc (LYTS)?
Our model-based price target is the fair value of $9.09 (as of Nov 6, 2026) from 24 valuation models. Cautious scenario $5.94, optimistic scenario $14.04. It is a calculation from audited fundamentals, not an analyst target.
What is the LSI Industries Inc stock forecast for 2026?
Our models put fair value at $9.09, about 47% lower versus a price of $17.20 (overvalued). Cautious scenario $5.94, optimistic scenario $14.04. The calculation is refreshed regularly with new filings.
What is the revenue of LSI Industries Inc (LYTS)?
LSI Industries Inc reported trailing-twelve-month revenue of about $689M (latest available figure, as of Nov 6, 2026).
Does LSI Industries Inc pay a dividend?
LSI Industries Inc currently shows a dividend yield of 1.16% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of LSI Industries Inc (LYTS) and when is the ex-dividend date?
LSI Industries Inc pays a dividend of $0.2 per share a year, a dividend yield of 1.2%. The last ex-dividend date was Aug 31, 2026. A dividend has been paid every year since at least 1988. The payout ratio is 24.1% of earnings (on adjusted earnings, reported 29.9%). Free cash flow covers the dividend 5.23 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into LSI Industries Inc (LYTS)?
For today's price to be fair in a discounted-cash-flow model, LSI Industries Inc would have to grow free cash flow by +11.0 % per year for five years (discount rate 9.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.9 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of LYTS use?
Our models discount LSI Industries Inc at 9.9 %: a base by market capitalisation (small), damped by beta 0.53, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For LSI Industries Inc that is +11.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.9 %) and the same formula as our fair value.
How much growth has LSI Industries Inc (LYTS) delivered so far?
Over the past 5 years revenue at LSI Industries Inc grew +16.9 % a year. The price currently implies free-cash-flow growth of +11.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of LSI Industries Inc (LYTS) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into LSI Industries Inc (+11.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of LSI Industries Inc (LYTS)?
The free-cash-flow yield on the price is 6.73 %: that much free cash flow LSI Industries Inc produces per unit of market value. When it exceeds the discount rate of our models (9.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of LSI Industries Inc (LYTS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For LSI Industries Inc it is $9.09 per share (as of Nov 6, 2026), against a price of $17.20. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is LSI Industries Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, LYTS trades above its calculated fair value: price $17.20, fair value $9.09, a gap of about −47% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LYTS?
No. The price is what the market pays today ($17.20); the fair value is what the company's own numbers justify ($9.09). For LSI Industries Inc the two are $8.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is LSI Industries Inc worth?
The market values LSI Industries Inc at about $664M (market capitalisation, as of Nov 6, 2026). Per share that is $17.20; our models calculate a fair value of $9.09 per share.
What do the bullish and bearish scenarios say about LYTS?
Our models span a range for LSI Industries Inc: cautious scenario $5.94, base $9.09, optimistic $14.04 per share (as of Nov 6, 2026, price $17.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of LYTS?
LSI Industries Inc trades at a price-to-earnings ratio of 25.7 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $9.09 is built from several models across several years. Excluding one-off items of fiscal year 2026 it is 20.7 (reported 25.7). Median P/E at fiscal year-end, 8 fiscal years (2017 to 2026), reported earnings, 4 of the years ex one-offs: 19.2. Other multiples: PEG 0.4, P/B 1.8, P/S 1.0, EV/EBITDA 13.8.
What is the PEG ratio of LYTS?
The PEG ratio of LSI Industries Inc is 0.40 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of LSI Industries Inc (LYTS)?
Balance-sheet figures for LSI Industries Inc (as of Nov 6, 2026): return on equity 7.6%, debt of 0.68 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is LYTS from its 52-week high?
LSI Industries Inc trades at $17.20, about 36% below its 52-week high of $26.73 and at the low of $17.13 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $9.09 is for.
Which stocks are comparable to LSI Industries Inc?
From the same area (Industrials) we also value GRG Banking Equipment Co, Crane NXT, Co, Shanghai M&G Stationery Inc, XGD Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is LSI Industries Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $17.20, calculated fair value $9.09 (−47%), Quality Score 39/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LYTS calculated?
We run LSI Industries Inc through 24 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $9.09 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. LSI Industries Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of LSI Industries Inc (LYTS)?
The closing price on Nov 6, 2026 was $17.20. Our model-based fair value is $9.09, about 47% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with LSI Industries Inc right now?
The price sits above even our optimistic bull case ($14.04). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($5.94 to $14.04) leaves room in how you read the outcome.
Where does the earnings growth of LSI Industries Inc (LYTS) come from?
Earnings per share at LSI Industries Inc grew +14.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share +4.2 %, EBIT margin +10.3 %, tax rate +0.3 %, residual (interest, one-offs) −1.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of LSI Industries Inc
How large is the market capitalisation of LSI Industries Inc (LYTS)?
The market capitalisation of LSI Industries Inc is $664M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of LSI Industries Inc (LYTS)?
The price-to-sales ratio of LSI Industries Inc is 0.96 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of LSI Industries Inc (LYTS)?
Earnings per share at LSI Industries Inc are $0.6700 (price ÷ EPS = P/E 25.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of LSI Industries Inc (LYTS)?
The dividend yield of LSI Industries Inc is 1.2% (payout 24.1%, on adjusted earnings, reported 29.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of LSI Industries Inc (LYTS)?
The net margin of LSI Industries Inc is 3.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of LSI Industries Inc (LYTS)?
The return on equity (ROE) of LSI Industries Inc is 7.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of LSI Industries Inc (LYTS)?
On an EBIT basis the return on assets of LSI Industries Inc is 8.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of LSI Industries Inc (LYTS)?
The operating margin of LSI Industries Inc is 10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at LSI Industries Inc (LYTS)?
Revenue at LSI Industries Inc is growing +51.3% versus a year earlier (3y avg +11.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at LSI Industries Inc (LYTS)?
Earnings per share at LSI Industries Inc are growing −28.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does LSI Industries Inc (LYTS) carry?
The net debt of LSI Industries Inc is $292M (fiscal year 2026, ≈ 7.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 6, 2026