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Lincoln Electric price to book ratio LECO

Market value divided by the book value of the company's net assets, since 2010.

Today, Oct 23, 2026
9.0×
10-year median
8.6×
Against its 10-year history
62nd
percentile: 0 is its lowest day, 100 its highest
10-year range
4.8× to 11.7×
Peer median
4.9×

Lincoln Electric's price to book ratio is 9.0× as of Oct 23, 2026.

That is above its ten-year median of 8.6×, close to the middle of its last ten years.

Over that time it ranged from 4.8× in Mar 2020 to 11.7× in Feb 2024.

The median for 10 industrial machinery stocks of a similar size is 4.9×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far9.0×8.9×11.6×
20259.6×7.3×9.8×
20248.0×7.6×11.7×
202310.1×8.1×11.0×
20229.0×7.8×9.6×
20219.6×8.7×10.3×
20209.7×4.8×10.1×
20197.3×5.5×7.4×
20185.4×5.3×7.0×
20176.4×6.0×8.2×
20166.7×3.4×7.0×
20153.7×3.3×4.4×
20144.0×3.3×4.3×
20134.1×3.1×4.2×
20123.0×2.6×3.5×
20112.7×1.2×2.9×
20102.4×2.0×2.5×

Against its peers

Companies in Industrial - Machinery nearest Lincoln Electric's size, closest first, today.

CompanyPrice to book ratio
LECOLincoln Electric9.0×
RBCRBC Bearings INC4.3×
LIILennox International10.0×
WTSWatts Water Technologies5.5×
BWXTBWX Technologies8.7×
IEXIDEX4.2×
ITTITT3.5×
NDSNNordson5.4×
GGGGraco4.3×
MOG-AMoog4.9×
CRCrane4.9×
Peer median4.9×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Lincoln Electric

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.