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Lincoln National Corporation LNC NYSE

NYSE • Financial Services • Insurance - Life • US • USD

SharesGrow Score
65/100
2/7 Pass
SharesGrow Intrinsic Value
$137.35
+288.5%
Analyst Price Target
$44.25
+25.2%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Lincoln National Corporation (LNC) trades at a trailing P/E of 5.7, forward P/E of 4.6. Trailing earnings yield is 17.40%, forward earnings yield 21.88%. PEG 0.14 (Peter Lynch undervalued ≤1.0). Graham Number is $88.91.

Criteria proven by this page:

  • VALUE (92/100, Pass) — P/E is below market average (5.7); PEG ≤ 1.0 — Peter Lynch undervalued (0.14); analyst target implies upside (+25.2%); earnings yield beats bond yields (17.40%).
  • Forward P/E 4.6 (down from trailing 5.7) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 0.14 — below 1.0 suggests the stock is undervalued relative to its earnings growth rate (Peter Lynch criterion).
  • Trailing Earnings Yield 17.40% — exceeds typical bond yields (~4.3%), making equity attractive vs fixed income. Forward yield improves to 21.88% as earnings recover.
  • Analyst consensus target $44.25 (+25.2% upside) — significant upside potential according to Wall Street analysts.

Overall SharesGrow Score: 65/100 with 2/7 criteria passed.

SharesGrow 7-Criteria Score
65/100
SG Score
View full scorecard →
VALUE
92/100
Price-to-Earnings & upside
Proven by this page
~
FUTURE
46/100
Analyst consensus
→ Forecast
~
PAST
75/100
→ Income
~
HEALTH
50/100
Debt-to-Equity & liquidity
→ Health
~
MOAT
63/100
→ Income
GROWTH
83/100
→ Income
~
INCOME
45/100
→ Income

Valuation Snapshot — LNC

Valuation Multiples
P/E (TTM)5.7
Forward P/E4.6
PEG Ratio0.14
Forward PEG0.14
P/B Ratio0.62
P/S Ratio0.37
EV/EBITDA2.2
Per Share Data
EPS (TTM)$6.15
Forward EPS (Est.)$7.74
Book Value / Share$57.08
Revenue / Share$95.75
FCF / Share$-0.87
Yields & Fair Value
Earnings Yield17.40%
Forward Earnings Yield21.88%
Dividend Yield5.09%
Graham Number$88.91
SharesGrow IV$137.35 (+288.5%)
Analyst Target$44.25 (+25.2%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 13.0 1.22 1.07 1.16 1.53%
2017 8.2 0.10 0.99 1.20 1.53%
2018 6.8 -0.36 0.77 0.67 2.61%
2019 13.4 -0.32 0.60 0.69 2.56%
2020 19.5 -0.47 0.43 0.55 3.19%
2021 3.4 0.00 0.63 0.73 2.49%
2022 3.9 -0.06 1.03 0.28 5.90%
2023 -6.1 0.04 0.66 0.39 8.46%
2024 1.7 0.00 0.66 0.30 7.35%
2025 6.9 -0.10 0.75 0.45 5.11%

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $5.03 $13.33B $1.19B 8.9%
2017 $9.22 $14.26B $2.08B 14.6%
2018 $7.47 $16.42B $1.64B 10%
2019 $4.38 $17.26B $886M 5.1%
2020 $2.57 $17.44B $499M 2.9%
2021 $7.43 $19.23B $1.41B 7.3%
2022 $7.94 $18.81B $1.36B 7.2%
2023 $-4.43 $11.65B $-752M -6.5%
2024 $18.84 $17.99B $3.28B 18.2%
2025 $5.84 $18.21B $1.18B 6.5%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $8.02 $7.52 – $8.28 $20.01B $19.62B – $20.37B 9
2027 $8.65 $8.33 – $8.90 $20.72B $20.42B – $20.93B 9
2028 $9.37 $8.16 – $10.19 $21.44B $21.44B – $21.44B 4
2029 $10.10 $9.80 – $10.38 $22.75B $22.22B – $23.23B 2
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