Lincoln Electric Holdings Inc (LECO) Valuation
Historical valuation analysis based on 500 data points (2024-09-25 to 2026-09-23)
Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. Its portfolio includes arc-welding solutions, plasma and oxy-fuel cutting systems, brazing and soldering alloys...
Lincoln Electric Holdings Inc (LECO) currently trades at a P/E ratio of 27.22 (historical range: 20.45–31.81, median: 25.61), placing it at the 79th percentile — above its historical average, P/S ratio of 3.37 (range: 2.34–4.00, 80th percentile — expensive relative to its history), EV/EBITDA of 21.19 (range: 16.18–24.67, 76th percentile).
Over the historical period (2024-09-25 to 2026-09-23), Lincoln Electric Holdings Inc's P/E ratio has expanded by 12% over the observed period (from an average of 24.1 to 26.9).
Lincoln Electric Holdings Inc trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 27.22 | 20.45 | 25.61 | 31.81 | 79th | above its historical average |
| P/S Ratio | 3.37 | 2.34 | 3.18 | 4.00 | 80th | expensive relative to its history |
| EV/EBITDA | 21.19 | 16.18 | 20.06 | 24.67 | 76th | above its historical average |
| FCF Yield | 0.03 | 0.03 | 0.04 | 0.06 | 9th | expensive relative to its history |
Lincoln Electric Holdings Inc (LECO) Valuation & P/E History
Lincoln Electric Holdings Inc (LECO) is a US-listed stock operating in the Industrials sector, specifically the Metalworkg Machinery & Equipment industry currently trading at $265.40 with a market capitalization of $14.5 billion. This page provides historical valuation analysis for LECO based on 500 data points covering 2024-09-25 to 2026-09-23. The P/E ratio of 27.22 is above the historical median of 25.61, placing LECO at the 79th percentile of its valuation range. The P/S ratio of 3.37 compares to a median of 3.18.
LECO Valuation Metrics & Historical Range
The valuation table above shows Lincoln Electric Holdings Inc's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether LECO is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests LECO is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Lincoln Electric Holdings Inc.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is LECO Overvalued or Undervalued?
Lincoln Electric Holdings Inc trades well above its own historical valuation range across most metrics. The overall valuation percentile of 78 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive LECO is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full LECO analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.LECO trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.