QualityDipStocks / Finance · Life Insurance
Lincoln National LNC
Outside our quality screen, so we don’t track its dips. It’s 11% below its 52-week high.
Outside our quality screen. No fair value estimate for now: our model doesn’t fit it reliably.
- Fair value est.
- n/a
- Market Value
- $42.69price −2%
- Off 52-wk high
- −11%
- Risk vs market
- Market-likebeta 1.01
4 bullish · 5 bearish See why
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
52-wk high: P/E 4.1×; 52-wk low: P/E 5.6×; now: P/E 3.5×.
| High | Low | Now | |
|---|---|---|---|
| Price | $47.00Aug 4 | $32.59Mar 12 | $41.63 |
| P/E | 4.1× | 5.6× | 3.5× |
What this means: a lower P/E than at the high means you pay less for each dollar of profit than buyers did then.
How it’s computed
Banks, insurers and lenders: cash flow includes deposits and loans, so a cash-flow model doesn't fit; we show P/E at each point instead. P/E = that day's close × diluted shares / 12-month net income, using only the filings that were public on that day.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
Estimate unreliable for LNC: the book-value model gives 253% above the price, more than we can stand behind for a financial company. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much LNC moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves about in line with the market, and its own price swings are 2.6× the S&P 500’s.
- Beta vs S&P 500
- 1.01
- Volatility
- 34% vs 13% SPY
- Correlation SPY
- 0.38
- Correlation QQQ
- 0.23
Valuation details
MV $42.69
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
ValuationP/E of 3.5× vs a 13.6× median for the 291 Finance companies we cover.
Cash returnsDividend yield of 4.3% ($344M paid over 12 months, 15% of earnings).
ProfitabilityReturn on equity of 22% over the last 12 months, up 22 points in two years.
ValuationPrice / book of 0.7×, below the 1.7× median for the 296 Finance companies we cover.
Top bearish points 5 of 5
GrowthDiluted EPS fell 68% to $5.83 in FY2025.
Cash returnsShare count up 8.8% in a year: existing holders are being diluted.
GrowthSales fell 1.1% a year over the last three fiscal years, below the 9.2% median for the 286 Finance companies we cover.
QualityDoesn’t pass our quality screen: no positive free cash flow.
RiskReports earnings Nov 5 (consensus EPS $1.96): results can move the price sharply and reset Market Value.
All fundamentals
P/E 3.5 · ROE 22% · Sales +8%
Valuation
- P/E
- 3.5×Finance median 13.6×
- Price / FCF
- n/acash flow isn't a clean measure for an insurer
- FCF yield
- n/acash flow isn't a clean measure for an insurer
- EV / EBITDA
- n/anot meaningful for an insurer
- Price / sales
- 0.41×
- Price / book
- 0.70×
- Market cap
- $8.0Bprice × diluted shares
- Enterprise value
- $4.7B
Growth
- Revenue, 12 months
- $19.3B
- Sales growth, 12 months
- +7.9%vs the 12 months before
- Sales growth, 3 yrs
- −1.1%/yrfrom FY2022
- Diluted EPS, 12 months
- $11.87
- EPS growth, last FY
- −68.3%
- Net income, 12 months
- $2.3B
- Net income growth
- +117%12 months vs before
Profitability
- Gross margin
- n/anot meaningful for an insurer
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- 11.7%
- FCF margin
- n/anot reported in its SEC filings
- Return on equity
- 22%
- Return on invested capital
- n/anot meaningful for an insurer
Balance sheet
- Cash & short-term inv.
- $10.2B
- Total debt
- $6.9B
- Net cash
- n/anot meaningful for an insurer
- Debt / equity
- n/adeposits/float make debt/equity not comparable for an insurer
- Interest coverage
- n/anot meaningful for an insurer
Cash flow & returns
- Free cash flow, 12 months
- n/anot reported in its SEC filings
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 4.32%$344M paid
- Payout ratio
- 15%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- +8.8%diluted shares vs a year ago
- Stock-based comp
- n/anot reported in its SEC filings
Trailing 12 months to Jun 30, 2026; balance sheet at Jun 30, 2026. From Lincoln National’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
Sales +13%
- Return on equity23%
- Sales growth (latest quarter vs year-ago quarter)+13%
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $41.63
- 52-wk lowlowest close, 1 year$32.59−21.7%
- PriceMon Nov 2 close$41.63you are here
- Market Valueavg paid since Jul 30$42.69+2.5%
- 52-wk highhighest close, 1 year$47.00+12.9%
Momentum & 52-week range
RSI 56 · 5 days +3.6%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 5
- DateThu Nov 5, before the open
- Consensus EPS$1.96
- Year-ago EPS$2.04
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
LNC is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Lincoln National in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Life Insurance
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.