LNC Lincoln National PE ratio, current and historical analysis
The PE ratio for Lincoln National stock stands at 1.91 as of Mar 7, 2025. This results from the current EPS of $18.66 and stock price of $35.6. A decrease of 75% has been seen in the P/E ratio compared to the average of 7.5 of the last 4 quarters.
LNC PE ratio history
Over the last ten years, the average PE ratio of Lincoln National has been 9.37. The current 1.91 PE ratio is 80% 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: 129.92% in 2011
Maximum annual decrease: -82.67% in 2021
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| 2010 | 11.73 | N/A | $27.81 | $2.37 |
Lincoln National PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| Jun 2022 | 1.61 | -32.35% | $46.77 | $29.03 |
| Mar 2022 | 2.38 | -29.59% | $65.36 | $27.5 |
| Dec 2021 | 3.38 | -65.65% | $68.26 | $20.17 |
| Sep 2021 | 9.84 | 15.09% | $68.75 | $6.99 |
| Jun 2021 | 8.55 | -52.21% | $62.84 | $7.35 |
LNC average PE ratio chart
The current PE ratio of LNC is below the 3, 5 and 10-year averages.
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 1.91 is below the average of its peers, which is 11.68.
| Stock name | PE ratio | Market cap |
|---|---|---|
| LNC Lincoln National Corp | 1.91 | $6.07B |
| UNM Unum Group | 8.33 | $13.97B |
| CNO CNO Financial Group Inc | 10.4 | $4B |
| VOYA Voya Financial Inc | 11.16 | $6.73B |
| MET Metlife Inc | 13.75 | $56.03B |
| PRU Prudential Financial Inc | 14.75 | $39.38B |
Frequently asked questions
What is Lincoln National's PE ratio?
LNC stock has a price to earnings ratio of 1.91 as of Mar 7, 2025.
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 4.87.
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 8.89.
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 80% 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 1.91 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 (Mar 7, 2025), Lincoln National's stock price is $35.6. The earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $18.66. Therefore, Lincoln National's P/E ratio for today is 1.91. PE RATIO(1.91) = STOCK PRICE($35.6) / TTM EPS($18.66)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.