Lowe’s Companies, Inc. (LOW) , a prominent name in the home improvement retail sector, is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 20.12. This valuation reflects a discount compared to the industry’s average of 23.98 and the S&P 500's P/E of 22.67. However, the stock appears relatively expensive compared to its median P/E level of 18.71, observed over the past year.LOW Valuation PictureImage Source: Zacks Investment ResearchA recent dip in Lowe’s stock price may have contribu ...