LECO
Lincoln Electric Holdings
PEG ratio, current and historical analysis
- Stocks
- Industrials
- NASDAQ: LECO
- PEG Ratio
Lincoln Electric Holdings currently trades with a PEG ratio of 2.06, based on Aug 1, 2026 data. Dividing the 25.9 PE ratio by the 12.6% earnings growth rate produces this figure. Relative to the 1.87 average from the past four quarters, the PEG ratio has increased by 10%.
LECO PEG ratio history
Historically, Lincoln Electric Holdings has a PEG ratio averaging 1.03 across the last ten years. At 2.06, today's PEG ratio sits 100% more than its historical average. The ten years high came in the Dec 2019 quarter at 2.92, reflecting peak valuation relative to growth. The bottom was reached in the Jun 2017 quarter at 0.12, suggesting attractive value relative to growth during that period.
Lincoln Electric Holdings PEG ratio by year
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 1.81 | 25.52 | 14.1% |
| 2024 | N/A | 22.78 | -13.4% |
| 2023 | 1.37 | 22.89 | 16.7% |
| 2022 | 0.24 | 17.75 | 74.7% |
| 2021 | 0.86 | 29.93 | 34.7% |
| 2020 | N/A | 33.6 | -26.8% |
| 2019 | 2.92 | 20.45 | 7% |
| 2018 | 1.01 | 17.84 | 17.6% |
| 2017 | 0.87 | 24.36 | 27.9% |
| 2016 | 0.37 | 26.08 | 70.9% |
| 2015 | N/A | 30.17 | -46.6% |
| 2014 | N/A | 21.46 | -10.1% |
| 2013 | 1.29 | 19.93 | 15.5% |
| 2012 | 0.82 | 15.7 | 19.2% |
| 2011 | 0.22 | 15.05 | 68.8% |
Lincoln Electric Holdings PEG ratio by quarter (TTM)
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Jun 2026 | 2.09 | 26.31 | 12.6% |
| Mar 2026 | 1.3 | 25.49 | 19.6% |
| Dec 2025 | 1.81 | 25.52 | 14.1% |
| Sep 2025 | 2.28 | 25.06 | 11% |
| Jun 2025 | N/A | 23.14 | 0% |
| Mar 2025 | N/A | 23.15 | -14.5% |
| Dec 2024 | N/A | 22.78 | -13.4% |
| Sep 2024 | N/A | 22.64 | -2.2% |
| Jun 2024 | 2.63 | 21.05 | 8% |
| Mar 2024 | 1.49 | 26.72 | 17.9% |
| Dec 2023 | 1.37 | 22.89 | 16.7% |
| Sep 2023 | 1.34 | 20.97 | 15.6% |
| Jun 2023 | 0.68 | 23.93 | 35% |
| Mar 2023 | 0.46 | 20.85 | 45.6% |
| Dec 2022 | 0.24 | 17.75 | 74.7% |
LECO average PEG ratio chart
LECO's PEG ratio today sits above the 3, 5 and 10-year averages.
PEG comparison
With a PEG of 2.06, LECO stands higher than the Industrials sector and the industry average. Looking at the Industrials sector average of 1.1, Lincoln Electric Holdings's PEG is 87% higher.
LECO EPS growth
LECO Price vs fair value
LECO PEG vs peers
LECO reports a PEG ratio higher than that of peer stocks SWK and KMT.
| Stock name | PEG ratio | Market cap |
|---|---|---|
| KMT Kennametal Inc | 0.66 | $2.67B |
| SWK Stanley Black & Decker Inc | 0.8 | $14.79B |
| LECO Lincoln Electric Holdings Inc | 2.09 | $14.51B |
| ITW Illinois Tool Works Inc | N/A | $83.36B |
| HURC Hurco Companies Inc | N/A | $134.97M |
Frequently asked questions
What is Lincoln Electric Holdings's PEG ratio?
According to Aug 1, 2026 figures, LECO's PEG ratio stands at 2.06.
What is the 3-year average PEG ratio for Lincoln Electric Holdings (LECO)?
Across the past 3 years, LECO's PEG ratio has averaged at 1.79.
What is the 5-year average PEG ratio for Lincoln Electric Holdings (LECO)?
Across the past 5 years, LECO's PEG ratio has averaged at 1.19.
What is the highest PEG ratio for LECO?
LECO's PEG ratio topped out at 2.92 during the Dec 2019 quarter - the highest in ten years.
How does the current PEG ratio for LECO compare to its historical average?
Compared to the 10-year average, LECO's PEG ratio stands 100% higher.
Why is Lincoln Electric Holdings's PEG ratio so high?
The elevated PEG ratio of 2.06 indicates that LECO may be priced above its earnings growth potential.
How is LECO's PEG ratio calculated (Lincoln Electric Holdings PEG ratio formula)?
To calculate the PEG ratio, take the company's PE ratio and divide by its earnings per share growth (YoY TTM). As of Aug 1, 2026, Lincoln Electric Holdings has a PE ratio of 25.9. Earnings grew at 12.6% over the TTM period ending Jun 2026. Applying the formula, this gives a PEG ratio of 2.06. PEG RATIO(2.06) = PE RATIO(25.9) / EPS GROWTH(12.6%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.