Stock Analysis
Lincoln Electric Holdings IncLECO
P/E 25.81×· 5Y range 16.47–32.88×· 67th percentile of history
Sector: Industrials · Industry: Metalworkg Machinery & Equipment
AnalystsBuy19 analystsP/E 25.8× sits at the 67th percentile of its 5.059548254620124-year history.
Cash covers 20% of debt · Q2 2026.
PMP Verdict
High quality, fairly valued
Strengths
- Quality94
- Profitability85
Strong fundamentals at a reasonable valuation.
Bull Case
- ✓Piotroski F-Score 7/9 — high earnings quality
- ✓Altman Z 6.8 — safe-zone balance sheet
- ✓ROE 35.6% — efficient capital deployment
- ✓Interest coverage 14.3× — debt well covered
What's happening with LECO
Profile
Strong earnings quality, profitability, moat and financial health; valuation lags behind.
How is each axis scored?
- Valuation49/100 · Weak
- P/E vs own history (67th pct)5/25
- FCF yield (3.8%)12/25
- P/S (3.2x)20/25
- EV/EBIT (19.9x)12/25
- Growth72/100 · Moderate
- Revenue CAGR (7.0%)12/25
- Net income CAGR (17.1%)20/25
- EPS CAGR 5Y (19.3%)20/25
- Fwd implied growth (19.2%)20/25
- Profitability85/100 · Strong
- ROIC (24.1%)20/25
- ROE (35.6%)25/25
- Net margin (12.4%)20/25
- Operating margin (17.1%)20/25
- Financial Health80/100 · Strong
- Altman Z (6.75)25/25
- Current ratio (1.98)18/25
- Interest coverage (14.3x)25/25
- Net cash / debt (D/A 25%)12/25
- Quality94/100 · Strong
- Piotroski F (7/9)22/25
- Beneish M (-2.56)25/25
- FCF conversion (98%)22/25
- Margin stability (σ 2.7%)25/25
- Moat81/100 · Strong
- ROIC >12% years (10/10 yrs)25/25
- Median gross margin (34.0%)13/25
- FCF-positive years (10/10 yrs)25/25
- Worst-year net margin (worst 7.8%)18/25
About Lincoln Electric Holdings Inc
Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. Show more
Its portfolio includes arc-welding solutions, plasma and oxy-fuel cutting systems, brazing and soldering alloys, and automation solutions. Lincoln Electric serves clients across general fabrication, heavy industries, automotive, construction, shipbuilding, energy, and process industries, among others. The company generated roughly $4.2 billion in sales in 2025.
Headquarters: CLEVELAND, OH · Employees: 12,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
49D+P/E (TTM)25.8xC
Grade C: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 16.5x–32.9x · 67th pct
P/FCF26.0xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield3.8%C
Grade C: LowTTM (OCF − CapEx) / Market Cap — vs own 5Y history: 2.9%–6.0% · 32nd pct
P/S (TTM)3.19xB
Grade B: FairPrice / TTM Revenue (own statements) — vs own 5Y history: 2.0x–4.0x · 76th pct
EV/EBIT19.9xC
Grade C: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 13.2x–24.7x · 63rd pct
EV/Sales3.3xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E21.7xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio9.19xD
Grade D: Very expensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio2.48C
Grade C: ExpensiveFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield1.21%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio30.9%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
85AROIC24.1%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE35.6%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA14.5%A
Grade A: StrongReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin12.4%A
Grade A: HighNet Income / Revenue
Operating Margin17.1%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin36.0%C
Grade C: AverageGross Profit / Revenue
FCF Margin12.1%C
Grade C: AverageFCF / Revenue
True FCF Margin11.6%C
Grade C: AverageTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
72B+Revenue CAGR7.0%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR17.1%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)19.3%A
Grade A: HighCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth19.2%C
Grade C: MedAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)-9.4%A
Grade A: BuybacksShare count change over 5Y
SBC / Net Income4.1%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.5%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
80AAltman Z-Score6.75A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio1.98xC
Grade C: OkCurrent Assets/Liabilities
Quick Ratio1.20xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage14.3xA
Grade A: StrongEBIT/Interest. >10 Strong
Debt Repayment1.8yA
Grade A: FastYears to repay net debt via FCF
Net Debt/EBIT1.2xA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.77xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.20xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
94A+Piotroski F-Score7/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.56A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion98.0%A
Grade A: StrongFCF / Net Income
Margin Stability2.7%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue3.2%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover1.17xA
Grade A: HighRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Hedlund Steven B Filed | Hedlund Steven B | Tax withholding | -409 | |
Whaley Kevin J. Filed | Whaley Kevin J. | Tax withholding | -216 | |
Doria Gregory Filed | Doria Gregory | Tax withholding | -44 | |
Fetch Bonnie J Filed | Fetch Bonnie J | Grant / award | +688 | |
Benny Purushotam Patel Filed | Benny Purushotam Patel | Grant / award | +688 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Goris Patrick P. Filed | Goris Patrick P. | Grant / award | +688 | |
Howze Marc A Filed | Howze Marc A | Grant / award | +688 | |
Falotico Nancy Joy Filed | Falotico Nancy Joy | Grant / award | +688 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
81AROIC >12% Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)34.0%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years10/10 yrsA
Grade A: DurableShare of completed fiscal years with positive free cash flow
Net Margin Floor7.8%A
Grade A: DurableWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$10.16
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$4.45
Cash & short-term investments per share (Finnhub)
Book Value / Share$28.51
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$1.20B
Total debt obligations (short + long term)
Cash & Equiv.$242.44M
Cash and short-term investments
Net Debt$959.67M
Total Debt minus Cash. Negative = Net Cash position
Total Equity$1.55B
Shareholders' equity (book value)
Asset / Liability1.69xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$14.29B
Current Market Capitalization
Beta1.21C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Lincoln Electric Holdings Inc (LECO)
LECO is up 0.71% at the last close. Lincoln Electric Holdings Inc meets 7 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 6.75 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk.
- Beneish M-Score of -2.56 suggests a low likelihood of earnings manipulation.
- Takes ~1.8 years to repay net debt from free cash flow.
- Return on equity of 35.6% is well above the market average.
See how LECO ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all LECO moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 7 | Regular | 264.00 | -4.19% | -2.13 |
| Oct 7 | After-hours | 263.17 | -4.49% | -2.29 |
Frequently Asked Questions about LECO
What is the current Lincoln Electric Holdings Inc (LECO) stock price?
LECO is trading at $262.10 at the last market close, up 0.71% on the session. PreMarketPrice tracks LECO pre-market, intraday and after-hours prices.
Is LECO stock a buy right now?
PreMarketPrice's quantitative model rates Lincoln Electric Holdings Inc's financial health at 80/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is LECO stock overvalued?
Lincoln Electric Holdings Inc trades at a trailing P/E of 25.8 and our valuation score rates it 49/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Lincoln Electric Holdings Inc report earnings?
No confirmed earnings date is currently scheduled for LECO. The Earnings section lists recent reports and updates as dates are announced.
What sector does Lincoln Electric Holdings Inc operate in?
Lincoln Electric Holdings Inc operates in the Industrials sector, within the Metalworkg Machinery & Equipment industry. The Related Stocks section lists sector peers for comparison.
What does Lincoln Electric Holdings Inc do?
Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products.
About Lincoln Electric Holdings Inc (LECO) Stock
Lincoln Electric Holdings Inc (LECO) is a US-listed stock operating in the Industrials sector, specifically the Metalworkg Machinery & Equipment industry. As of the latest update, Lincoln Electric Holdings Inc is trading at $262.10, up 0.71% on the day with a market capitalization of $14.3 billion. The financial health score for LECO is 80/100, which indicates excellent financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for LECO stock.
LECO Stock Analysis & Key Metrics
On PreMarketPrice, you can track Lincoln Electric Holdings Inc (LECO) across multiple dimensions:
- Pre-market price & movement: Real-time LECO stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for LECO with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Lincoln Electric Holdings Inc across multiple reporting periods.
- Financial health score: A composite score of 80/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for LECO.
- Sector peers: Compare LECO against 5 other industrials stocks on key financial metrics.
Is LECO a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Lincoln Electric Holdings Inc (LECO) as an investment. The financial health score of 80/100 suggests excellent financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Lincoln Electric Holdings Inc (LECO) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.