Stock AnalizLincoln National Corp. LNC
Life Insurance · data as of November 13, 2026
Lincoln National Corp. (LNC) is a financial company listed in the US with a market value of about $8.0B. In the twelve months to September 30, 2026 it had revenue of $20.3B and net income of $3.2B, a net margin of 15.7%.
Its overall Stock Analiz score is 2.4 out of 5 (weak). The strongest part is value (5/5); the weakest is track record (0/5).
Key numbers: a P/E of 2.6, a price to free cash flow of 11.6, 5-year revenue growth of 1% a year. A discounted cash flow model with moderate assumptions puts its intrinsic value about 152% above the current price.
Score: 2.4 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Profit margin improving
- More cash than debt, or low debt to equity
- Positive free cash flow
Checks not passed
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- 5-year revenue growth above 8% a year
- 5-year average ROIC above 12%
- Profitable 5 years in a row
Valuation
Growth and quality
Financials, last 6 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $20.3B | $18.2B | $18.4B | $11.6B | $18.8B | $17.7B | $17.4B |
| Net income | $3.2B | $1.2B | $3.3B | -$752M | $1.4B | $3.8B | $499M |
| Free cash flow | $688M | -$167M | -$2.0B | -$2.1B | $3.6B | -$217M | $534M |
| EPS (diluted) | $16.35 | $5.83 | $18.41 | $-4.92 | $7.78 | $19.96 | $5.12 |
| Net margin | 15.7% | 6.5% | 17.8% | -6.5% | 7.2% | 21.3% | 2.9% |
| ROIC | — | — | — | — | — | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 12 analysts is $48.25, 15% above the current price; targets range from $35.00 to $59.00; the consensus rating is “Hold”; expected EPS is $7.69 for the fiscal year ending December 31, 2026.
Frequently asked questions
What is Lincoln National’s P/E ratio?
About 2.6, based on the last twelve months of diluted earnings per share (forward P/E about 5.1).
Is Lincoln National stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 152% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Lincoln National pay a dividend?
Yes. The dividend yield is about 4.23%, and it has paid dividends for 6 years in our data.
Is Lincoln National a good stock to buy?
We do not give buy or sell advice. Lincoln National scores 2.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.