US · USD

LECO

Lincoln Electric Holdings Inc

$274.94+0.20% ($0.56)Updated 10/5/26, 5:00 PM

Day's range: $270.95 – $279.13
Day's volume: $100.2M
52-week range: $217.92 – $296.16

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LECO in numbers

Market cap: $15B

P/E: 27.07

P/B: 9.64

Dividend yield (12m): 1.15%

Net debt/EBITDA: 1.04

The 12-month dividend yield of LECO is 1.15%, below its 5-year average of 1.39%.

LECO price history

10/06/202510/05/2026

Compare with

LECO risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+16.26%	+44.58%	+119.09%
Volatility (annualized)	23.03%	27.69%	27.21%
Largest drawdown	-12.95%	-30.07%	-30.07%
Positive months	8/12	20/36	33/60

How much did investing in LECO return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $2,190.90 today.

Value today in LECO: $2,190.90

Return over the period: +119.09%

Return per year: +17.26%

In the S&P 500: $1,702.20

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

LECO fundamentals

Valuation

P/E
27.07
P/B
9.64
EV/EBITDA
18.27
EV/EBIT
20.70
EV/Revenue
3.55
P/EBIT
19.52
P/S
3.34
P/OCF
21.79
P/FCF
—
Earnings yield
4.83%
PEG ratio
—
Earnings per share
$10.16
Book value per share
$28.51

Debt

Net debt
$907.6M
Net debt/EBITDA
1.04
Net debt/Equity
0.58
Debt/Equity
0.74
Current ratio
1.98
Quick ratio
1.20
Cash ratio
0.27

Efficiency

Gross margin
35.96%
EBITDA margin
19.42%
Operating margin
17.13%
Net margin
12.35%
Asset turnover
1.18

Profitability

ROE
35.62%
ROA
14.52%
ROIC
23.98%
Payout
31.12%

Growth

Revenue CAGR (5 years)
8.75%
Earnings CAGR (5 years)
13.50%
Revenue growth (year)
—
Earnings growth (year)
—
Revenue growth (quarter)
—
Earnings growth (quarter)
—

What is LECO's fair price?

Two classic value formulas, with today's numbers. The current price is $274.94.

Graham's fair price: $80.72; 70.64% below the price

√(22.50 × $10.16 × $28.51)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $42.27; 84.63% below the price

$2.54 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

LECO's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	25.23	22.56	22.66	17.62	29.62	33.65	19.92	17.37
P/B	8.94	7.92	9.44	8.05	9.48	8.78	7.14	5.62
EV/EBITDA	17.11	15.72	16.24	13.39	16.06	20.39	14.04	11.13
Dividend yield	1.25%	1.51%	1.18%	1.55%	1.46%	1.69%	1.94%	1.98%
Earnings per share	$9.50	$8.31	$9.60	$8.20	$4.71	$3.45	$4.86	$4.54
Book value per share	$26.82	$23.66	$23.03	$17.96	$14.71	$13.25	$13.55	$14.03
ROE	35.42%	35.11%	41.66%	45.67%	32.01%	26.08%	35.82%	32.37%
ROIC	23.94%	22.69%	28.24%	24.91%	28.29%	17.64%	22.16%	32.96%
Gross margin	36.25%	36.74%	34.96%	34.05%	33.04%	32.81%	33.55%	33.96%
EBITDA margin	19.29%	18.08%	19.19%	18.36%	16.78%	13.65%	15.06%	14.79%
Net margin	12.30%	11.63%	13.01%	12.56%	8.55%	7.76%	9.76%	9.48%
Net debt/EBITDA	1.03	1.21	0.88	1.34	0.97	1.26	1.13	—

LECO's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$4.2B	$4B	$4.2B	$3.8B	$3.2B	$2.7B
Cost of revenue	-$2.7B	-$2.5B	-$2.7B	-$2.5B	-$2.2B	-$1.8B
Gross profit	$1.5B	$1.5B	$1.5B	$1.3B	$1.1B	$871.3M
EBITDA	$816.6M	$724.7M	$804.5M	$690.4M	$542.8M	$362.6M
EBIT	$718.1M	$636.5M	$717.8M	$612.3M	$461.7M	$282.1M
Financial result	$9M	$473K	$13.4M	$10M	-$114.5M	$3.9M
Income before tax	$675.5M	$594.1M	$686.9M	$592.8M	$325M	$264M
Income tax	-$154.9M	-$128M	-$141.6M	-$120.6M	-$48.4M	-$57.9M
Net income	$520.5M	$466.1M	$545.2M	$472.2M	$276.6M	$206.1M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does LECO pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	09/29/2026	10/15/2026	$0.79

Dividend yield per year

1.53%2017
1.98%2018
1.94%2019
1.69%2020
1.46%2021
1.55%2022
1.18%2023
1.51%2024
1.25%2025
0.86%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	06/29/2026	07/15/2026	$0.79
Dividend	03/30/2026	04/15/2026	$0.79
Dividend	12/30/2025	01/15/2026	$0.79
Dividend	09/29/2025	10/15/2025	$0.75
Dividend	06/27/2025	07/15/2025	$0.75
Dividend	03/28/2025	04/15/2025	$0.75
Dividend	12/30/2024	01/15/2025	$0.75
Dividend	09/27/2024	10/15/2024	$0.71
Dividend	06/27/2024	07/15/2024	$0.71
Dividend	03/26/2024	04/15/2024	$0.71
Dividend	12/27/2023	01/12/2024	$0.71
Dividend	09/27/2023	10/13/2023	$0.64

See all 39 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	06/28/2023	07/14/2023	$0.64
Dividend	03/29/2023	04/14/2023	$0.64
Dividend	12/28/2022	01/13/2023	$0.64
Dividend	09/28/2022	10/14/2022	$0.56
Dividend	06/28/2022	07/15/2022	$0.56
Dividend	03/29/2022	04/15/2022	$0.56
Dividend	12/29/2021	01/14/2022	$0.56
Dividend	09/28/2021	10/15/2021	$0.51
Dividend	06/28/2021	07/15/2021	$0.51
Dividend	03/29/2021	04/15/2021	$0.51
Dividend	12/29/2020	01/15/2021	$0.51
Dividend	09/28/2020	10/15/2020	$0.49
Dividend	06/26/2020	07/15/2020	$0.49
Dividend	03/27/2020	04/15/2020	$0.49
Dividend	12/27/2019	01/15/2020	$0.49
Dividend	09/26/2019	10/15/2019	$0.47
Dividend	06/26/2019	07/15/2019	$0.47
Dividend	03/27/2019	04/15/2019	$0.47
Dividend	12/27/2018	01/15/2019	$0.47
Dividend	09/26/2018	10/15/2018	$0.39
Dividend	06/27/2018	07/13/2018	$0.39
Dividend	03/27/2018	04/13/2018	$0.39
Dividend	12/27/2017	01/12/2018	$0.39
Dividend	09/27/2017	10/13/2017	$0.35
Dividend	06/27/2017	07/14/2017	$0.35
Dividend	03/28/2017	04/14/2017	$0.35
Dividend	12/27/2016	01/13/2017	$0.35

About Lincoln Electric Holdings

Sector: Manufacturing

Questions about LECO

How much is LECO today?

LECO is at $274.94 (0.20% on the day), last traded on 10/05/2026.

How much did LECO pay in dividends in 2025?

LECO paid $3.00 per share in 2025, a dividend yield of 1.25%.

When is the next LECO dividend?

The next announced payment is $0.79 per share on 10/15/2026.

What are the P/E and P/B of LECO?

LECO trades at a P/E of 27.07 and a P/B of 9.64.

How much did LECO return in 12 months?

LECO returned 16.26% in 12 months, with annualized volatility of 23.03% and a largest drawdown of -12.95%.