LPL Financial Holdings Inc. (LPLA) Stock Analysis
Market Closed
Sector: Financial Services · Industry: Security & Commodity Brokers, Dealers, Exchanges & Services
AnalystsStrong Buy23 analystsWhat's happening with LPLA
Price History
5-Year Weekly Candlestick Chart
Profile
Strong growth; earnings quality, profitability and valuation lag behind.
How is each axis scored?
- Valuation49/100 · Weak
- P/E vs own history (53th pct)12/25
- FCF yield (-4.5%)0/25
- P/S (1.3x)25/25
- EV/EBIT (24.7x)12/25
- Growth90/100 · Strong
- Revenue CAGR (21.8%)25/25
- Net income CAGR (17.0%)20/25
- EPS CAGR 5Y (18.0%)20/25
- Fwd implied growth (147.9%)25/25
- Profitability43/100 · Weak
- ROIC (8.1%)12/25
- ROE (15.8%)20/25
- Net margin (4.9%)6/25
- Operating margin (6.7%)5/25
- Financial Health50/100 · Moderate
- Altman Z (1.92)10/25
- Current ratio (2.30)25/25
- Interest coverage (4.8x)10/25
- Net cash / debt (D/A 33%)5/25
- Quality36/100 · Weak
- Piotroski F (2/9)5/25
- Beneish M (-1.46)6/25
- FCF conversion (-120%)0/25
- Margin stability (σ 2.8%)25/25
About LPL Financial Holdings Inc.
LPL Financial is the largest US independent broker/dealer, with more than 32,000 financial advisors, roughly 11 million customer accounts, and roughly $2. Show more
4 trillion in client assets under management or advisory affiliated with its platform at the end of 2025. The firm earns the bulk of its profit from interest income earned on client cash balances and from advisory fees, commissions, and asset-based fees. LPL specializes in providing turnkey wealth management services for affiliated independent advisors, but maintains a diverse array of affiliation modalities, running the gamut from more traditional employee models to a pure RIA custody approach. It earns tuck-in revenue from recordkeeping fees and the provision of software tools and services to its advisor base.
Headquarters: SAN DIEGO, CA · Employees: 10,081 · Website ↗
Insider Transactions
Recent SEC Form 4 filings
- SellOpen market sale · filed 2026-09-14-440 sh2026-09-11
- SellTax withholding · filed 2026-09-08-106 sh2026-09-05
- BuyGrant / award · filed 2026-09-01+4 sh2026-08-28
- BuyGrant / award · filed 2026-09-01+7 sh2026-08-28
- BuyGrant / award · filed 2026-09-01+2 sh2026-08-28
+3 more recent filings
Key Metrics
Financial snapshot — pillar inputs plus per-share and market context
Valuation
49D+P/E (TTM)27.0xC
Grade C: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 13.8x–38.4x · 53rd pct
P/FCF25.3xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield-4.5%D
Grade D: NegativeTTM FCF / Market Cap — vs own 5Y history: -8.6%–13.2% · 13th pct
P/S (TTM)1.31xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 1.2x–2.6x · 3rd pct
EV/EBIT24.7xC
Grade C: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 12.0x–34.1x · 60th pct
EV/Sales1.5xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E10.9xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio4.19xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.15B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield0.40%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio10.9%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
43D+ROIC8.1%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE15.8%C
Grade C: AverageReturn on Equity. Neg. equity = heavy buybacks
ROA5.4%C
Grade C: AverageReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin4.9%D
Grade D: LowNet Income / Revenue
Operating Margin6.7%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin6.7%D
Grade D: LowGross Profit / Revenue
FCF Margin-5.9%D
Grade D: LowFCF / Revenue
True FCF Margin-6.4%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Financial Health
50CAltman Z-Score1.92C
Grade C: Gray zoneBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio2.30xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio2.23xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage4.8xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT5.1xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity1.26xC
Grade C: MedDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.14xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Growth
90A+Revenue CAGR21.8%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR17.0%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)18.0%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 Growth147.9%A
Grade A: HighImplied 1Y EPS growth from forward P/E vs our TTM EPS. Sparse — only where forward estimates exist
Dilution (5Y)-1.4%B
Grade B: FlatShare count change over 5Y
SBC / Net Income9.2%A
Grade A: LowStock-based comp/Net income. >30% = dilution risk
SBC / Revenue0.5%A
Grade A: LowTTM stock-based comp / TTM Revenue
Quality
36DPiotroski F-Score2/9D
Grade D: WeakFinancial strength 0–9. >7 Strong
Beneish M-Score-1.46D
Grade D: RiskyEarnings manipulation risk. < -2.22 Safe
FCF Conversion-119.6%D
Grade D: PoorFCF / Net Income
Margin Stability2.8%A
Grade A: StableEBIT margin std deviation. Lower = stable
Capex / Revenue3.4%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.92xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
More metrics — Per Share, Balance Sheet, MarketHide additional metrics
Per Share
EPS (TTM)$11.20
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$35.34
Cash & short-term investments per share (Finnhub)
Book Value / Share$66.76
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$7.18B
Total debt obligations (short + long term)
Cash & Equiv.$1.02B
Cash and short-term investments
Net Debt$6.16B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$5.69B
Shareholders' equity (book value)
Asset / Liability1.43xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$23.84B
Current Market Capitalization
Beta0.55B
Grade B: DefensivePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
Takeaway
Company has negative FCF, making debt repayment from operations difficult. · Current P/E of 27.0x sits at the 53rd percentile of its historical range.
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 Mar 2026 · Ratio snapshot Sep 25, 2026
Key Insights: LPL Financial Holdings Inc. (LPLA)
LPL Financial Holdings Inc. meets only 2 of 9 Piotroski F-Score criteria — a sign of weak underlying fundamentals. Altman Z-Score of 1.92 falls in the grey zone (1.81–2.99) — financial distress is unlikely but not ruled out. Beneish M-Score of -1.46 is above the −1.78 flag threshold, a signal that reported earnings warrant closer scrutiny.
- Revenue has compounded at roughly 22% annually, with net income growing about 17% per year — a strong growth profile.
- Free-cash-flow margin is negative (-6%) — the business currently burns cash.
- Company has negative FCF, making debt repayment from operations difficult.
See how LPLA ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all LPLA moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Sep 22 | Regular | 308.75 | -7.08% | -4.52 |
| Sep 22 | After-hours | 308.07 | -7.28% | -4.66 |
Frequently Asked Questions about LPLA
Is LPLA stock a buy right now?
PreMarketPrice's quantitative model rates LPL Financial Holdings Inc.'s financial health at 50/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is LPLA stock overvalued?
LPL Financial Holdings Inc. trades at a trailing P/E of 27.0 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 LPL Financial Holdings Inc. report earnings?
No confirmed earnings date is currently scheduled for LPLA. The Earnings section lists recent reports and updates as dates are announced.
What sector does LPL Financial Holdings Inc. operate in?
LPL Financial Holdings Inc. operates in the Financial Services sector, within the Security & Commodity Brokers, Dealers, Exchanges & Services industry. The Related Stocks section lists sector peers for comparison.
What does LPL Financial Holdings Inc. do?
LPL Financial is the largest US independent broker/dealer, with more than 32,000 financial advisors, roughly 11 million customer accounts, and roughly $2.
About LPL Financial Holdings Inc. (LPLA) Stock
LPL Financial Holdings Inc. (LPLA) is a US-listed stock operating in the Financial Services sector, specifically the Security & Commodity Brokers, Dealers, Exchanges & Services industry. Real-time pricing data for LPL Financial Holdings Inc. is available on this page with a market capitalization of $23.8 billion. The financial health score for LPLA is 50/100, 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 LPLA stock.
LPLA Stock Analysis & Key Metrics
On PreMarketPrice, you can track LPL Financial Holdings Inc. (LPLA) across multiple dimensions:
- Pre-market price & movement: Real-time LPLA 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 LPLA with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for LPL Financial Holdings Inc. across multiple reporting periods.
- Financial health score: A composite score of 50/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for LPLA.
- Sector peers: Compare LPLA against 10 other financial services stocks on key financial metrics.
Is LPLA a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate LPL Financial Holdings Inc. (LPLA) as an investment. The financial health score of 50/100 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.LPL Financial Holdings Inc. (LPLA) 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.