Lincoln Electric (LECO) fundamentals: P/E, valuation, undervalued?
Lincoln Electric · Industrials · ref. ETF XLI · price $289.73
In short — Lincoln Electric trades at 29.0× earnings (P/E), 23.1× forward, with a net margin of 12.4 % and revenue growth of +12 %. Read: Fairly valued (P/E 23 in line with ~12% growth (PEG 1.9)).
Is Lincoln Electric stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.
📈 1-year price
$289.73+18.0% over range
Aug 28, 25low $220.64 · high $298.88Aug 27, 26
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Buy
50% recommend buying · 6 analysts
Valuation : Fairly valued — P/E 23 in line with ~12% growth (PEG 1.9)
Valuation
29.0
P/E (price/earnings)
23.1
Forward P/E
2.32
PEG
10.2
Price/book (P/B)
$15.8B
Market cap
9.99
EPS
Profitability & growth
12.4 %
Net margin
+12 %
Revenue growth
+13 %
Earnings growth
$1.2B
Total debt
Lincoln Electric income statement
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| 2022 | $3.8B | $472M | 12.6 % |
| 2023 | $4.2B | $545M | 13.0 % |
| 2024 | $4.0B | $466M | 11.6 % |
| 2025 | $4.2B | $521M | 12.3 % |
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.
Frequently asked questions
What is Lincoln Electric's P/E and is the stock undervalued? What's a good P/E?
Lincoln Electric's P/E is 29.0 (forward 23.1). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Fairly valued".
Is Lincoln Electric profitable?
Lincoln Electric has a net margin of 12.4 % (EPS 9.99). The company is profitable.
Is LECO stock expensive?
Our read: "Fairly valued" — P/E 23 in line with ~12% growth (PEG 1.9). Cross-check with growth and sector.
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