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Lincoln Electric Holdings, Inc.

LECO Industrials Tools & Accessories

Lincoln Electric Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.2 billion, up 5.60% from fiscal 2024.

Revenue
+15.1%
EPS
+19.0%
Free cash flow
−13.1%
Total debt
−7.15%

Quarter to September 2026, against a year earlier

272.49 6.84 −2.45%
Market cap
$14.7B
P/E
25.9×
Fwd P/E
24.8×
Dividend yield
1.16%
F-score
6/9
Altman Z
7.06
Beneish M
−2.53
Dividend safety
93/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Lincoln Electric Holdings, Inc. (LECO) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Lincoln Electric Holdings, Inc. (LECO) trades at a P/B ratio of 9.5×. Over the past ten years it has ranged from 3.3× (September 2015) to 11.3× (March 2024); the current reading is higher than 86% of that period. That is above the Tools & Accessories industry median of 3.6× and above the Industrials sector median of 2.2×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 9.0× 12.94%
FY2024 8.0× (14.60%)
FY2023 9.4× 14.18%
FY2022 8.2× (14.32%)
FY2021 9.6× 9.15%
FY2020 8.8× 19.89%
FY2019 7.3× 26.94%
FY2018 5.8× (11.28%)
FY2017 6.5× (11.96%)
FY2016 7.4× 78.94%

Quarterly newest first

Period P/B ratio Change
Sep 2026 9.3× (0.85%)
Jun 2026 9.3× 3.35%
Mar 2026 9.0× 0.01%
Dec 2025 9.0× (1.64%)
43 more quarters

Against its own ten years

Low 3.3× High 11.3×
Ten-year median 8.1×
Current reading's percentile 85

P/B ratio against peers

Company P/B ratio
EML Eastern Company (The) compare 1.3×
HLMN Hillman Solutions Corp. compare 1.4×
SWK Stanley Black & Decker, Inc. compare 1.9×
SNA Snap-On Incorporated compare 3.1×
RBC RBC Bearings Incorporated compare 4.1×
TTC Toro Company (The) compare 7.5×
LECO Lincoln Electric Holdings, Inc. 9.5×
KMT Kennametal Inc. compare 39.8×
TKR Timken Company (The) compare 40.1×
Tools & Accessories industry median 3.6×
Industrials sector median 2.2×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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