Open Lending Corporation provides lending enablement and risk analytics solutions to credit unions, regional banks, and non-bank auto finance companies and captive finance companies of original equipment manufacturers in the United States. It offers Lenders Protection Program (LPP), which is a Software as a Service platform that facilitates loan decision making and automated underwriting by third-party lenders and the issuance of credit default insurance through third-party insurance providers. The company's LPP products include loan analytics, risk-based loan pricing, risk modeling, and automated decision technology for automotive lenders. Open Lending Corporation was founded in 2000 and is based in Austin, Texas.
P/S ratio for Open Lending Corporation (LPRO)
P/S ratio as of 2023: 8.75
According to Open Lending Corporation's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 8.75. At the end of 2022 the company had a P/S ratio of 4.74.
P/S ratio history for Open Lending Corporation from 2017 to 2023
P/S ratio at the end of each year
| Year | P/S ratio |
|---|---|
| 2023 | 8.75 |
| 2022 | 4.74 |
| 2021 | 13.17 |
| 2020 | 26.62 |
| 2019 | 4.27 |
| 2018 | 17.16 |
| 2017 | 9.31 |