LINC (Lincoln Educational Services) Cyclically Adjusted PB Ratio: 10.17 (As of Jul. 23, 2026) — 637% Above Median

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LINC Lincoln Educational Services Corp LINC
63 GF Score
Price $40.66
GF Value $18.99
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Lincoln Educational Services Cyclically Adjusted PB Ratio?

Lincoln Educational Services LINC +1.65% 63 Cyclically Adjusted PB Ratio is 10.17 as of Jul. 23, 2026, which is 637% above its 10-year median of 1.38. GuruFocus rates LINC with a GF Score™ of 63/100 and a GF Value™ of $18.99 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 164 Education companies, Lincoln Educational Services ranks worse than 98.17% on this metric.

As of today (2026-07-23), Lincoln Educational Services's current share price is $40.66. Lincoln Educational Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $4.00. Lincoln Educational Services's Cyclically Adjusted PB Ratio for today is 10.17.

The historical rank and industry rank for Lincoln Educational Services's Cyclically Adjusted PB Ratio or its related term are showing as below:

LINC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.22   Med: 1.38   Max: 13.56
Current: 9.99

During the past years, Lincoln Educational Services's highest Cyclically Adjusted PB Ratio was 13.56. The lowest was 0.22. And the median was 1.38.

LINC's Cyclically Adjusted PB Ratio is ranked worse than
98.17% of 164 companies
in the Education industry
Industry Median: 1.095 vs LINC: 9.99

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Lincoln Educational Services's adjusted book value per share data for the three months ended in Mar. 2026 was $6.273. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $4.00 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lincoln Educational Services  (NAS:LINC) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Lincoln Educational Services Cyclically Adjusted PB Ratio Related Terms


Lincoln Educational Services Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Lincoln Educational Services's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lincoln Educational Services Cyclically Adjusted PB Ratio Chart

Lincoln Educational Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.72 1.49 2.82 4.36 6.22

Lincoln Educational Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.28 6.09 6.10 6.22 10.16

LINC vs COUR, STRA, AFYA: Cyclically Adjusted PB Ratio Comparison

For the Education & Training Services subindustry, Lincoln Educational Services's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lincoln Educational Services Cyclically Adjusted PB Ratio vs Education Industry

For the Education industry and Consumer Defensive sector, Lincoln Educational Services's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Lincoln Educational Services's Cyclically Adjusted PB Ratio falls into.


LINC
63GF Score
Lincoln Educational Services Corp LINC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lincoln Educational Services Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Lincoln Educational Services's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=40.66/4.00
=10.17

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lincoln Educational Services's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Lincoln Educational Services's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=6.273/330.2130*330.2130
=6.273

Current CPI (Mar. 2026) = 330.2130.

Lincoln Educational Services Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.929 241.018 4.013
201609 2.935 241.428 4.014
201612 2.217 241.432 3.032
201703 1.796 243.801 2.433
201706 1.533 244.955 2.067
201709 1.502 246.819 2.009
201712 1.854 246.524 2.483
201803 1.590 249.554 2.104
201806 1.431 251.989 1.875
201809 1.414 252.439 1.850
201812 1.618 251.233 2.127
201903 1.377 254.202 1.789
201906 1.263 256.143 1.628
201909 1.331 256.759 1.712
201912 1.710 256.974 2.197
202003 1.552 258.115 1.986
202006 1.589 257.797 2.035
202009 1.711 260.280 2.171
202012 3.440 260.474 4.361
202103 3.527 264.877 4.397
202106 3.624 271.696 4.405
202109 3.779 274.310 4.549
202112 4.793 278.802 5.677
202203 4.718 287.504 5.419
202206 4.698 296.311 5.236
202209 4.805 296.808 5.346
202212 4.651 296.797 5.175
202303 4.308 301.836 4.713
202306 4.926 305.109 5.331
202309 5.012 307.789 5.377
202312 5.319 306.746 5.726
202403 5.231 312.332 5.530
202406 5.235 314.175 5.502
202409 5.399 315.301 5.654
202412 5.666 315.605 5.928
202503 5.627 319.799 5.810
202506 5.713 322.561 5.849
202509 5.877 324.800 5.975
202512 6.314 324.054 6.434
202603 6.273 330.213 6.273

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 10.17 mean?
Lincoln Educational Services (LINC) has a Cyclically Adjusted PB Ratio of 10.17 as of Jul. 23, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Lincoln Educational Services and its competitors. This is 637% above median its historical median of 1.38. Over the past decade, Lincoln Educational Services' Cyclically Adjusted PB Ratio has ranged from 0.22 to 13.56. According to the industry distribution chart, Lincoln Educational Services ranks #161 out of 164 companies in the Education industry, placing it in the top 98.2%.
Is Lincoln Educational Services' Cyclically Adjusted PB Ratio too high?
Lincoln Educational Services' current Cyclically Adjusted PB Ratio of 10.17 is 637% above median its 10-year median of 1.38. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 13.56. The Education industry median Cyclically Adjusted PB Ratio is 1.10. Lincoln Educational Services' value of 10.17 is 828.8% above this industry median. Based on the distribution chart, Lincoln Educational Services ranks #161 out of 164 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, Lincoln Educational Services has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lincoln Educational Services' Cyclically Adjusted PB Ratio compare to COUR and STRA?
According to the Education industry distribution chart, Lincoln Educational Services ranks #161 out of 164 companies for Cyclically Adjusted PB Ratio. This places Lincoln Educational Services in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.10. Lincoln Educational Services' value of 10.17 is 828.8% above this benchmark. Historically, Lincoln Educational Services' own Cyclically Adjusted PB Ratio has ranged from 0.22 to 13.56 over the past decade. While the company's 10-year median is 1.38 vs. the industry median of 1.10, Lincoln Educational Services has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Education company?
The median Cyclically Adjusted PB Ratio among Education companies is 1.10, based on 164 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lincoln Educational Services's current Cyclically Adjusted PB Ratio of 10.17 is 828.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Lincoln Educational Services and its competitors. For the Education industry, the median Cyclically Adjusted PB Ratio is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lincoln Educational Services's current Cyclically Adjusted PB Ratio is 10.17, which is 637% above median its own 10-year median of 1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lincoln Educational Services stock overvalued right now?
Based on GuruFocus' analysis, Lincoln Educational Services (LINC) is currently considered Significantly Overvalued. The stock's GF Value™ is $18.99, compared to a current price of $40.66 — trading 114.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 10.17, which is 637% above median its 10-year median of 1.38 and 828.8% above the Education industry median of 1.10. Lincoln Educational Services' overall GF Score™ is 63/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Lincoln Educational Services (LINC), the current Cyclically Adjusted PB Ratio is 10.17 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lincoln Educational Services (LINC) Overvalued in 2026?

Based on GuruFocus' analysis, Lincoln Educational Services stock appears to be overvalued. The current stock price of $40.66 is trading 114.1% above its estimated GF Value™ of $18.99. GuruFocus considers Lincoln Educational Services to be Significantly Overvalued.

Key valuation signals for LINC:

  • Cyclically Adjusted PB Ratio: 10.17 (637% above median its 10-year median of 1.38)
  • GF Value™: $18.99 vs. price of $40.66 (114.1% above fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 828.8% above the Education median (#161 of 164)

No single metric tells the full story. See the LINC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lincoln Educational Services Business Description

Other Exchanges K1L:Germany
Address 14 Sylvan Way, Suite A, Parsippany, NJ, USA, 07054
Lincoln Educational Services Corp provides diversified career-oriented post-secondary education to high school graduates and working adults. The company offers programs in automotive technology, skilled trades, healthcare services, hospitality services, and business and information technology. Its reportable segments include: Campus Operations and Transitional. The majority of the revenue is generated from the Campus Operations segment, which includes all campuses that are continuing in operation and contribute to the company's core operations and performance.
63GF Score

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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$40.66
Price
$18.99
GF Value