LNC
Lincoln National
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NYSE: LNC
- PE Ratio
The PE ratio for Lincoln National stock stands at 4.13 as of Jun 18, 2026. This results from the current EPS of $8.99 and stock price of $37.17. A decrease of 20% has been seen in the P/E ratio compared to the average of 5.2 of the last 4 quarters.
LNC PE ratio history
Over the last ten years, the average PE ratio of Lincoln National has been 8.7. The current 4.13 PE ratio is 53% below the historical average. Over the past ten years, LNC's PE ratio was at its highest in the Jun 2020 quarter at 32.56, with a price of $36.79 and an EPS of $1.13. The Jun 2022 quarter recorded the bottom point at 1.61, with a price of $46.77 and an EPS of $29.03.
Lincoln National PE ratio by year
Maximum annual increase: 341.18% in 2025
Maximum annual decrease: -82.67% in 2021
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 7.5 | 341.18% | $44.53 | $5.94 |
| 2024 | 1.7 | N/A | $31.71 | $18.66 |
| 2023 | N/A | N/A | $26.97 | -$4.92 |
| 2022 | 3.87 | 14.5% | $30.72 | $7.93 |
| 2021 | 3.38 | -82.67% | $68.26 | $20.17 |
| 2020 | 19.5 | 45.74% | $50.31 | $2.58 |
| 2019 | 13.38 | 98.22% | $59.01 | $4.41 |
| 2018 | 6.75 | -17.78% | $51.31 | $7.6 |
| 2017 | 8.21 | -36.94% | $76.87 | $9.36 |
| 2016 | 13.02 | 19.12% | $66.27 | $5.09 |
| 2015 | 10.93 | 10.07% | $50.26 | $4.6 |
| 2014 | 9.93 | -9.97% | $57.67 | $5.81 |
| 2013 | 11.03 | 99.46% | $51.62 | $4.68 |
| 2012 | 5.53 | -79.5% | $25.9 | $4.68 |
| 2011 | 26.97 | 129.92% | $19.42 | $0.72 |
Lincoln National PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 3.95 | -47.33% | $35.5 | $8.99 |
| Dec 2025 | 7.5 | 112.46% | $44.53 | $5.94 |
| Sep 2025 | 3.53 | -38.93% | $40.33 | $11.43 |
| Jun 2025 | 5.78 | 17.24% | $34.6 | $5.99 |
| Mar 2025 | 4.93 | 190% | $35.91 | $7.29 |
| Dec 2024 | 1.7 | -91.8% | $31.71 | $18.66 |
| Sep 2024 | 20.73 | 541.8% | $31.51 | $1.52 |
| Jun 2024 | 3.23 | -25.06% | $31.1 | $9.63 |
| Mar 2024 | 4.31 | N/A | $31.93 | $7.4 |
| Dec 2023 | N/A | N/A | $26.97 | -$4.92 |
| Sep 2023 | 3.44 | N/A | $24.69 | $7.17 |
| Jun 2023 | N/A | N/A | $25.76 | -$8.11 |
| Mar 2023 | N/A | N/A | $22.47 | -$6.15 |
| Dec 2022 | 3.87 | 48.85% | $30.72 | $7.93 |
| Sep 2022 | 2.6 | 61.49% | $43.91 | $16.87 |
LNC Price vs fair value
LNC 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 LNC is below the 3, 5 and 10-year averages.
PE comparison
Lincoln National's P/E of 4.13 is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 12.75, Lincoln National's P/E is 68% lower.
LNC PE vs peers
Compared to its peer stocks MET and PRU, LNC's PE ratio stands lower. Lincoln National's current PE ratio of 4.13 is below the average of its peers, which is 16.06.
| Stock name | PE ratio | Market cap |
|---|---|---|
| LNC Lincoln National Corp | 4.13 | $7.11B |
| PRU Prudential Financial Inc | 10.89 | $36.97B |
| VOYA Voya Financial Inc | 13.4 | $8.18B |
| MET Metlife Inc | 16.46 | $55.07B |
| UNM Unum Group | 19.52 | $14.38B |
| CNO CNO Financial Group Inc | 20.01 | $4.74B |
Frequently asked questions
What is Lincoln National's PE ratio?
LNC stock has a price to earnings ratio of 4.13 as of Jun 18, 2026.
What is the 3-year average PE ratio for Lincoln National (LNC)?
The average PE ratio for LNC stock over the past 3 years is 5.91.
What is the 5-year average PE ratio for Lincoln National (LNC)?
The average PE ratio for LNC stock over the past 5 years is 5.37.
What is the highest PE ratio for LNC?
In the last ten years, the Jun 2020 quarter recorded the highest quarterly PE ratio at 32.56.
How does the current PE ratio for LNC compare to its historical average?
LNC's price to earnings ratio is currently 53% below its 10-year historical average.
Why is Lincoln National's PE ratio so low?
LNC's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 4.13 is considered low.
How is LNC's PE ratio calculated (Lincoln National PE ratio formula)?
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 18, 2026), Lincoln National's stock price is $37.17. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $8.99. Therefore, Lincoln National's P/E ratio for today is 4.13. PE RATIO(4.13) = STOCK PRICE($37.17) / TTM EPS($8.99)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.