Lincoln Electric (LECO) fundamentals: P/E, valuation, undervalued?
Lincoln Electric · Industrials · ref. ETF XLI · price $262.57
In short — Lincoln Electric trades at 26.2× earnings (P/E), 21.0× forward, with a net margin of 12.4 % and revenue growth of +12 %. Read: Fairly valued (P/E 21 in line with ~12% growth (PEG 1.7)).
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
$262.57+10.9% over range
Oct 14, 25low $220.64 · high $298.88Oct 13, 26
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Buy
75% recommend buying · 4 analysts
Valuation : Fairly valued — P/E 21 in line with ~12% growth (PEG 1.7)
Valuation
26.2
P/E (price/earnings)
21.0
Forward P/E
2.10
PEG
9.2
Price/book (P/B)
$14.3B
Market cap
10.01
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 26.2 (forward 21.0). 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 10.01). The company is profitable.
Is LECO stock expensive?
Our read: "Fairly valued" — P/E 21 in line with ~12% growth (PEG 1.7). Cross-check with growth and sector.
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