Stock Analysis
Lincoln National Corp.LNC
P/E 3.23×· 5Y range 1.73–19.77×· bottom 14% of history
Sector: Financial Services · Industry: Life Insurance
AnalystsHold19 analystsP/E 3.2× sits at the 14th percentile of its 5.086926762491444-year history.
Cash covers 140% of debt · Q2 2026.
PMP Verdict
Cheap for a reason — weak fundamentals
Strengths
- Profitability72
Risks
- Growth0
- Quality31
Cheap for a reason — fundamentals remain weak.
Bull Case
- ✓ROE 20.8% — efficient capital deployment
- ✓P/E 3.2× at bottom 14% of 5-year history
What's happening with LNC
Profile
Strong valuation; growth, moat, earnings quality and financial health lag behind.
How is each axis scored?
- Valuation85/100 · Strong
- P/E vs own history (14th pct)25/25
- FCF yield (n/a)10/25
- P/S (0.4x)25/25
- EV/EBIT (2.2x)25/25
- Growth0/100 · Weak
- Revenue CAGR (-1.4%)0/25
- Net income CAGR (-4.3%)0/25
- EPS CAGR 5Y (-5.9%)0/25
- Fwd implied growth (-32.7%)0/25
- Profitability72/100 · Moderate
- ROIC (20.2%)20/25
- ROE (20.8%)20/25
- Net margin (12.2%)20/25
- Operating margin (11.2%)12/25
- Financial Health46/100 · Weak
- Altman Z (0.06)3/25
- Current ratio (n/a)0/25
- Interest coverage (5.9x)18/25
- Net cash / debt (Net cash)25/25
- Quality31/100 · Weak
- Piotroski F (1/9)0/25
- Beneish M (-2.63)25/25
- FCF conversion (n/a)0/25
- Margin stability (σ 15.6%)6/25
- Moat13/100 · Weak
- ROIC >12% years (3/5 yrs)13/25
- Median gross margin (n/a)0/25
- FCF-positive years (n/a)0/25
- Worst-year net margin (worst -11.9%)0/25
Risk Flags
- ⚠Altman Z 0.1 — distress-zone balance sheet
- ⚠2 loss-making years in recent history
- ⚠Revenue shrinking 1.4%/yr
About Lincoln National Corp.
Lincoln National Corp operates multiple insurance and retirement businesses. Show more
The company's operating segment includes Annuities; Retirement Plan Services; Life Insurance and Group Protection. Its products include fixed and indexed annuities, variable annuities, universal life insurance (UL), variable universal life insurance (VUL), linked-benefit UL and VUL, indexed universal life insurance (IUL), term life insurance, employer-sponsored retirement plans and services, and group life, disability, and dental.
Headquarters: RADNOR, PA · Employees: 9,423 · 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
85AP/E (TTM)3.2xA
Grade A: CheapPrice / TTM EPS (own statements) — vs own 5Y history: 1.7x–19.8x · 14th pct
P/FCF5.5xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield18.2%A
Grade A: ValueInverse of Finnhub P/FCF (own TTM FCF unavailable)
P/S (TTM)0.40xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 0.1x–0.8x · 47th pct
EV/EBIT2.2xA
Grade A: CheapEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: -1.0x–22.3x · 26th pct
EV/Sales0.2xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E4.8xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio0.67xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.99A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield5.72%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio12.4%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
72B+ROIC20.2%A
Grade A: MoatNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE20.8%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA0.6%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin12.2%A
Grade A: HighNet Income / Revenue
Operating Margin11.2%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin—
Gross Profit / Revenue
FCF Margin—
FCF / Revenue
True FCF Margin—
TTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
0ERevenue CAGR-1.4%D
Grade D: LowCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-4.3%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-5.9%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth-32.7%D
Grade D: Decl.Analyst 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)-0.4%B
Grade B: FlatShare count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue—
TTM stock-based comp / TTM Revenue
Financial Health
46D+Altman Z-Score0.06D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio—
Current Assets/Liabilities
Quick Ratio—
(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage5.9xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBITNet CashA
Grade A: LowLeverage. <2x Low, >4x High
Debt/Equity0.64xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt1.40xA
Grade A: CoveredCash covers how much of total debt. >1 = could repay all debt from cash
Quality
31DPiotroski F-Score1/9D
Grade D: WeakFinancial strength 0–9. >7 Strong
Beneish M-Score-2.63A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion—
FCF / Net Income
Margin Stability15.6%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue—
TTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.05xD
Grade D: LowRevenue / 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 |
|---|---|---|---|---|
LeFebvre Dale Filed | LeFebvre Dale | Grant / award | +1.1K | |
Davis Reginald E Filed | Davis Reginald E | Grant / award | +1.1K | |
Ryan Owen Filed | Ryan Owen | Grant / award | +1.1K | |
Morris James T Filed | Morris James T | Grant / award | +1.1K | |
Connelly Deirdre P Filed | Connelly Deirdre P | Grant / award | +1.1K |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
JOHNSON ERIC G Filed | JOHNSON ERIC G | Grant / award | +1.1K | |
CUNNINGHAM WILLIAM H DR Filed | CUNNINGHAM WILLIAM H DR | Grant / award | +1.5K | |
LACHMAN M LEANNE Filed | LACHMAN M LEANNE | Grant / award | +1.1K |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
13EROIC >12% Years3/5 yrsC
Grade C: ModerateShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)—
Median annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years—
Share of completed fiscal years with positive free cash flow
Net Margin Floor-11.9%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$12.33
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$14.91
Cash & short-term investments per share (Finnhub)
Book Value / Share$59.29
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$7.24B
Total debt obligations (short + long term)
Cash & Equiv.$10.16B
Cash and short-term investments
Net Debt$-2.92BA
Grade A: Net CashTotal Debt minus Cash. Negative = Net Cash position
Total Equity$11.35B
Shareholders' equity (book value)
Asset / Liability—
Total Assets / Total Liabilities
Market
Market Cap$7.64B
Current Market Capitalization
Beta1.17B
Grade B: MarketPrice 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 National Corp. (LNC)
Lincoln National Corp. meets only 1 of 9 Piotroski F-Score criteria — a sign of weak underlying fundamentals. Altman Z-Score of 0.06 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.63 suggests a low likelihood of earnings manipulation. Revenue has been contracting (CAGR ≈ -1%), which weighs on the growth outlook.
- Lincoln National Corp. posted a net loss in 2 of 10 available completed fiscal years (2016–2025).
- At a valuation score of 85/100, LNC trades near the cheapest end of its own historical range (P/E 3.2).
- Return on equity of 20.8% is well above the market average.
- The stock currently yields 5.7% in dividends.
See how LNC ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all LNC moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 6 | Regular | 41.94 | +2.52% | 2.47 |
| Oct 6 | After-hours | 42.08 | +2.86% | 2.76 |
Frequently Asked Questions about LNC
What is the current Lincoln National Corp. (LNC) stock price?
LNC is trading at $39.83 at the last market close, down 0.45% on the session. PreMarketPrice tracks LNC pre-market, intraday and after-hours prices.
Is LNC stock a buy right now?
PreMarketPrice's quantitative model rates Lincoln National Corp.'s financial health at 46/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is LNC stock overvalued?
Lincoln National Corp. trades at a trailing P/E of 3.2 and our valuation score rates it 85/100 (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 National Corp. report earnings?
No confirmed earnings date is currently scheduled for LNC. The Earnings section lists recent reports and updates as dates are announced.
What sector does Lincoln National Corp. operate in?
Lincoln National Corp. operates in the Financial Services sector, within the Life Insurance industry. The Related Stocks section lists sector peers for comparison.
What does Lincoln National Corp. do?
Lincoln National Corp operates multiple insurance and retirement businesses.
About Lincoln National Corp. (LNC) Stock
Lincoln National Corp. (LNC) is a US-listed stock operating in the Financial Services sector, specifically the Life Insurance industry. As of the latest update, Lincoln National Corp. is trading at $39.83, down 0.45% on the day with a market capitalization of $7.6 billion. The financial health score for LNC is 46/100, which indicates moderate 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 LNC stock.
LNC Stock Analysis & Key Metrics
On PreMarketPrice, you can track Lincoln National Corp. (LNC) across multiple dimensions:
- Pre-market price & movement: Real-time LNC 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 LNC with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Lincoln National Corp. across multiple reporting periods.
- Financial health score: A composite score of 46/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for LNC.
- Sector peers: Compare LNC against 6 other financial services stocks on key financial metrics.
Is LNC a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Lincoln National Corp. (LNC) as an investment. The financial health score of 46/100 suggests moderate 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 National Corp. (LNC) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.