LINCOLN ELECTRIC HOLDINGS INC (LECO)
Metalworkg Machinery & Equipment
Latest Price
$251.26
TTM P/E
25.10
Normalized P/E
29.91
Div Yield
1.24%
Book Value
28.39
P/B Ratio
8.85
Valuation metrics
adjust assumptions →EPS: $9.32
Book value / share: $26.80
Formula: √(22.5 × EPS × BVPS)
Graham Number
$74.96
70% downside
Norm. op. income: $612M (median of 7yr)
Tax rate: 21%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$70.66
72% downside
Base FCF: $482M (median of recent 5yr)
Growth: 3%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$113.92
55% downside
EPS: $9.32
Target P/E: 30×
Formula: EPS × P/E
P/E Fair Value
$279.60
+11% upside
Institutional Ownership
80.5% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 5.39M | $1.43B | 9.89% | +168.4K | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 2.56M | $680.0M | 4.71% | +26.5K | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 2.48M | $657.0M | 4.54% | +17.3K | 2026-06-30 |
| STATE STREET CORP | 2.25M | $600.0M | 4.14% | +25.8K | 2026-06-30 |
| NORGES BANK | 1.73M | $458.0M | 3.17% | -3.9K | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.45M | $384.0M | 2.65% | +81.0K | 2026-06-30 |
| VICTORY CAPITAL MANAGEMENT INC | 1.39M | $369.0M | 2.55% | -92.5K | 2026-06-30 |
| Invesco Ltd. | 1.31M | $348.0M | 2.41% | +143.3K | 2026-06-30 |
| JPMORGAN CHASE & CO | 1.04M | $275.0M | 1.91% | -238.3K | 2026-06-30 |
| AQR CAPITAL MANAGEMENT LLC | 922.2K | $244.0M | 1.69% | -213.3K | 2026-06-30 |