Lincoln Electric price to free cash flow LECO

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026: 25.7×
10-year median: 22.9×
Against its 10-year history: 78th; percentile: 0 is its lowest day, 100 its highest
10-year range: 11.7× to 34.4×
Peer median: 30.9×

Lincoln Electric's price to free cash flow is 25.7× as of Oct 23, 2026.

That is above its ten-year median of 22.9×, higher than on 78% of days in the last ten years.

Over that time it ranged from 11.7× in Mar 2020 to 34.4× in Jun 2026.

The median for 10 industrial machinery stocks of a similar size is 30.9×.

Price to free cash flow over time

median 22.9×

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

Year	End of year	Low	High
2026 so far	25.7×	24.5×	34.4×
2025	24.8×	19.2×	26.8×
2024	20.8×	17.9×	25.4×
2023	21.8×	17.3×	32.5×
2022	26.6×	23.1×	29.2×
2021	25.5×	23.2×	27.8×
2020	24.3×	11.7×	25.2×
2019	19.6×	17.8×	23.2×
2018	20.1×	19.7×	26.3×
2017	22.9×	19.1×	23.1×
2016	19.3×	10.9×	20.1×
2015	12.1×	11.4×	19.1×
2014	18.6×	17.5×	23.8×
2013	23.0×	15.3×	30.2×
2012	15.8×	13.2×	33.2×
2011	28.4×	15.3×	32.3×

Against its peers

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

Company	Price to free cash flow
LECOLincoln Electric	25.7×
RBCRBC Bearings INC	38.8×
LIILennox International	n/m
WTSWatts Water Technologies	34.3×
BWXTBWX Technologies	36.8×
IEXIDEX	26.3×
ITTITT	33.4×
NDSNNordson	24.5×
GGGGraco	17.2×
MOG-AMoog	30.9×
CRCrane	27.8×
Peer median	30.9×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Lincoln Electric

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.