Lincoln National Corp. (LNC) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Lincoln National Corp operates multiple insurance and retirement businesses. The company's operating segment includes Annuities; Retirement Plan Services; Life Insurance and Group Protection. Its p...
Lincoln National Corp. (LNC) currently trades at a P/E ratio of 3.23 (historical range: 1.73–19.77, median: 4.95), placing it at the 14th percentile — cheap relative to its history, P/S ratio of 0.39 (range: 0.11–0.78, 47th percentile — near its historical average), EV/EBITDA of 2.18 (range: 0.09–22.30, 20th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Lincoln National Corp.'s P/E ratio has contracted by 38% over the observed period (from an average of 10.0 to 6.2).
Lincoln National Corp. trades below its historical valuation range, with most metrics below their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 3.23 | 4.95 | 14th | cheap relative to its history |
| P/S Ratio | 0.39 | 0.40 | 47th | near its historical average |
| EV/EBITDA | 2.18 | 4.08 | 20th | below its historical average |
Lincoln National Corp. (LNC) Valuation & P/E History
Lincoln National Corp. (LNC) is a US-listed stock operating in the Financial Services sector, specifically the Life Insurance industry currently trading at $39.90 with a market capitalization of $7.6 billion. This page provides historical valuation analysis for LNC based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 3.23 is below the historical median of 4.95, placing LNC at the 14th percentile of its valuation range. The P/S ratio of 0.39 compares to a median of 0.40.
LNC Valuation Metrics & Historical Range
The valuation table above shows Lincoln National Corp.'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 LNC 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 LNC 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 National Corp..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is LNC Overvalued or Undervalued?
Lincoln National Corp. trades below its historical valuation range, with most metrics below their median levels. The overall valuation percentile of 27 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive LNC 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 LNC analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.LNC trades on NYSE. This page is for informational purposes only and is not financial advice.