Up 40%, can the Lloyds share price keep rising?
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The past year has been a good one for shareholders in Lloyds (LSE: LLOY). During those 12 months, the Lloyds share price has soared 40%. And even after that rise, the black horse bank offers a juicy dividend yield of 4.9%.
But the thing is, despite growing by two-fifths, Lloyds shares still look cheap on some metrics. Should I buy?
Looking cheap… in some ways
One approach would be to look at the bank’s price-to-earnings (P/E) ratio. At 8, it looks cheap to me.
But when it comes to valuing shares in banks, earnings are not necessarily the best measurement to use. One alternative many investors look at (often alongside the P/E ratio) is price-to-book (P/B) value.
For Lloyds,…
