LECO
Lincoln Electric Holdings
PE ratio, current and historical analysis
- Stocks
- Industrials
- NASDAQ: LECO
- PE Ratio
As of Jun 22, 2026, the LECO stock has a P/E ratio of 28.12. The calculation is based on the latest EPS of $9.77 and the stock price of $274.75 per share. An increase of 13% has been observed in the PE ratio compared to its average of 24.8 of the past four quarters.
LECO PE ratio history
The mean historical PE ratio of Lincoln Electric Holdings over the last ten years is 24.21. The current 28.12 price-to-earnings ratio is 16% more than the historical average. Analyzing the last ten years, LECO's PE ratio reached its highest point in the Jun 2016 quarter at 54.7, with a price of $59.08 and an EPS of $1.08. The Mar 2020 quarter saw the lowest point at 15.27, with a price of $69 and an EPS of $4.52.
Lincoln Electric Holdings PE ratio by year
Maximum annual increase: 64.3% in 2020
Maximum annual decrease: -40.69% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 25.52 | 12.03% | $239.64 | $9.39 |
| 2024 | 22.78 | -0.48% | $187.47 | $8.23 |
| 2023 | 22.89 | 28.96% | $217.46 | $9.5 |
| 2022 | 17.75 | -40.69% | $144.49 | $8.14 |
| 2021 | 29.93 | -10.92% | $139.47 | $4.66 |
| 2020 | 33.6 | 64.3% | $116.25 | $3.46 |
| 2019 | 20.45 | 14.63% | $96.73 | $4.73 |
| 2018 | 17.84 | -26.77% | $78.85 | $4.42 |
| 2017 | 24.36 | -6.6% | $91.58 | $3.76 |
| 2016 | 26.08 | -13.56% | $76.67 | $2.94 |
| 2015 | 30.17 | 40.59% | $51.89 | $1.72 |
| 2014 | 21.46 | 7.68% | $69.09 | $3.22 |
| 2013 | 19.93 | 26.94% | $71.34 | $3.58 |
| 2012 | 15.7 | 4.32% | $48.68 | $3.1 |
| 2011 | 15.05 | -28.98% | $39.12 | $2.6 |
Lincoln Electric Holdings PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 25.49 | -0.12% | $249.08 | $9.77 |
| Dec 2025 | 25.52 | 1.84% | $239.64 | $9.39 |
| Sep 2025 | 25.06 | 8.3% | $235.83 | $9.41 |
| Jun 2025 | 23.14 | -0.04% | $207.32 | $8.96 |
| Mar 2025 | 23.15 | 1.62% | $189.16 | $8.17 |
| Dec 2024 | 22.78 | 0.62% | $187.47 | $8.23 |
| Sep 2024 | 22.64 | 7.55% | $192.02 | $8.48 |
| Jun 2024 | 21.05 | -21.22% | $188.64 | $8.96 |
| Mar 2024 | 26.72 | 16.73% | $255.44 | $9.56 |
| Dec 2023 | 22.89 | 9.16% | $217.46 | $9.5 |
| Sep 2023 | 20.97 | -12.37% | $181.79 | $8.67 |
| Jun 2023 | 23.93 | 14.77% | $198.63 | $8.3 |
| Mar 2023 | 20.85 | 17.46% | $169.1 | $8.11 |
| Dec 2022 | 17.75 | 5.91% | $144.49 | $8.14 |
| Sep 2022 | 16.76 | -16.45% | $125.72 | $7.5 |
LECO Price vs fair value
LECO average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of LECO is above its 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 28.12, LECO stands lower than the Industrials sector and the industry average. Looking at the Industrials sector average of 30.63, Lincoln Electric Holdings's price to earnings (P/E) is 8% lower.
LECO PE vs peers
LECO's PE ratio is less than its peer stock SWK, but it is above ITW's and KMT's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| KMT Kennametal Inc | 19.72 | $2.71B |
| ITW Illinois Tool Works Inc | 24.43 | $75.83B |
| LECO Lincoln Electric Holdings Inc | 28.03 | $15.01B |
| SWK Stanley Black & Decker Inc | 34.77 | $13.24B |
| HURC Hurco Companies Inc | N/A | $142.41M |
Frequently asked questions
What is Lincoln Electric Holdings's PE ratio?
LECO's price to earnings ratio is 28.12 as of Jun 22, 2026.
What is the 3-year average PE ratio for Lincoln Electric Holdings (LECO)?
The average PE ratio for LECO stock over the past 3 years is 23.61.
What is the 5-year average PE ratio for Lincoln Electric Holdings (LECO)?
The average PE ratio for LECO stock over the past 5 years is 23.44.
What is the highest PE ratio for LECO?
Over the last ten years, the quarterly PE ratio reached its highest level at 54.7 in the Jun 2016 quarter.
How does the current PE ratio for LECO compare to its historical average?
LECO's current price to earnings ratio is 16% above its 10-year historical average.
How is LECO's PE ratio calculated (Lincoln Electric Holdings PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Jun 22, 2026), Lincoln Electric Holdings's share price is $274.75. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $9.77. Therefore, Lincoln Electric Holdings's price to earnings ratio for today is 28.12. PE RATIO(28.12) = STOCK PRICE($274.75) / TTM EPS($9.77)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.