LINCOLN ELECTRIC HOLDINGS INC (LECO)
Metalworkg Machinery & Equipment
Latest Price
$261.31
TTM P/E
26.97
Normalized P/E
31.73
Div Yield
1.18%
Book Value
27.57
P/B Ratio
9.48
Valuation metrics
adjust assumptions →EPS: $9.32
Book value / share: $26.80
Formula: √(22.5 × EPS × BVPS)
Graham Number
$74.96
71% 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
73% 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
56% downside
EPS: $9.32
Target P/E: 32×
Formula: EPS × P/E
P/E Fair Value
$298.24
+14% upside
Institutional Ownership
80.1% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 5.22M | $1.30B | 9.53% | +197.1K | 2026-03-31 |
| DIAMANT ASSET MANAGEMENT, INC. | 3.84M | $3.84B | 7.01% | +3.82M | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 2.54M | $632.0M | 4.63% | -- | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 2.46M | $612.0M | 4.49% | -- | 2026-03-31 |
| STATE STREET CORP | 2.23M | $556.0M | 4.07% | +1.7K | 2026-03-31 |
| VICTORY CAPITAL MANAGEMENT INC | 1.48M | $369.0M | 2.71% | -243.2K | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.37M | $340.0M | 2.49% | +58.7K | 2026-03-31 |
| Invesco Ltd. | 1.17M | $291.0M | 2.13% | +253.1K | 2026-03-31 |
| AQR CAPITAL MANAGEMENT LLC | 1.14M | $278.0M | 2.07% | +173.7K | 2026-03-31 |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | 800.5K | $199.0M | 1.46% | +335.5K | 2026-03-31 |