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Lincoln Electric HoldingsLECO +0.27%97 Debt-to-Equity is 0.74 as of Jun. 2026, which is 17% below its 10-year median of 0.89. GuruFocus rates LECO with a GF Score™ of 97/100 and a GF Value™ of $249.04 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 2,681 Industrial Products companies, Lincoln Electric Holdings ranks worse than 78.78% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Lincoln Electric Holdings's Debt-to-Equity or its related term are showing as below:
LECO'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.72 Med: 0.89 Max: 1.27
Current: 0.74
During the past 13 years, the highest Debt-to-Equity Ratio of Lincoln Electric Holdings was 1.27. The lowest was 0.72. And the median was 0.89.
LECO's Debt-to-Equity is ranked worse than 78.78% of 2681
companies
in the Industrial Products industry
Industry Median: 0.28
vs LECO: 0.74
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Lincoln Electric Holdings Debt-to-Equity Related Terms
Lincoln Electric Holdings Debt-to-Equity Historical Data
* 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.
For the Tools & Accessories subindustry, Lincoln Electric Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Electric Holdings Debt-to-Equity vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Lincoln Electric Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Lincoln Electric Holdings's Debt-to-Equity falls into.
* 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 Electric Holdings (LECO) has a Debt-to-Equity of 0.74 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lincoln Electric Holdings and its competitors. This is 17% below median its historical median of 0.89. Over the past decade, Lincoln Electric Holdings' Debt-to-Equity has ranged from 0.72 to 1.27. According to the industry distribution chart, Lincoln Electric Holdings ranks #2112 out of 2681 companies in the Industrial Products industry, placing it in the top 78.8%.
Is Lincoln Electric Holdings' Debt-to-Equity too high?
Lincoln Electric Holdings' current Debt-to-Equity of 0.74 is 17% below median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 1.27. The Industrial Products industry median Debt-to-Equity is 0.28. Lincoln Electric Holdings' value of 0.74 is 164.3% above this industry median. Based on the distribution chart, Lincoln Electric Holdings ranks #2112 out of 2681 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Lincoln Electric Holdings has a GF Score™ of 97/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lincoln Electric Holdings' Debt-to-Equity compare to SWK and TKR?
According to the Industrial Products industry distribution chart, Lincoln Electric Holdings ranks #2112 out of 2681 companies for Debt-to-Equity. This places Lincoln Electric Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.28. Lincoln Electric Holdings' value of 0.74 is 164.3% above this benchmark. Historically, Lincoln Electric Holdings' own Debt-to-Equity has ranged from 0.72 to 1.27 over the past decade. While the company's 10-year median is 0.89 vs. the industry median of 0.28, Lincoln Electric Holdings 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 Debt-to-Equity for an Industrial Products company?
The median Debt-to-Equity among Industrial Products companies is 0.28, based on 2,681 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lincoln Electric Holdings's current Debt-to-Equity of 0.74 is 164.3% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Lincoln Electric Holdings and its competitors. For the Industrial Products industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lincoln Electric Holdings's current Debt-to-Equity is 0.74, which is 17% below median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lincoln Electric Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lincoln Electric Holdings (LECO) is currently considered Modestly Overvalued. The stock's GF Value™ is $249.04, compared to a current price of $278.40 — trading 11.8% above its estimated fair value. The current Debt-to-Equity is 0.74, which is 17% below median its 10-year median of 0.89 and 164.3% above the Industrial Products industry median of 0.28. Lincoln Electric Holdings' overall GF Score™ is 97/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Lincoln Electric Holdings (LECO), the current Debt-to-Equity is 0.74 as of Jun. 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 Electric Holdings (LECO) Overvalued in 2026?
Based on GuruFocus' analysis, Lincoln Electric Holdings stock appears to be overvalued.
The current stock price of $278.40 is trading 11.8% above its estimated GF Value™ of $249.04.
GuruFocus considers Lincoln Electric Holdings to be Modestly Overvalued.
Key valuation signals for LECO:
Debt-to-Equity: 0.74 (17% below median its 10-year median of 0.89)
GF Value™: $249.04 vs. price of $278.40 (11.8% above fair value)
Industry Position: 164.3% above the Industrial Products median (#2112 of 2681)
No single metric tells the full story. See the LECO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. Its portfolio includes arc-welding solutions, plasma and oxy-fuel cutting systems, brazing and soldering alloys, and automation solutions. Lincoln Electric serves clients across general fabrication, heavy industries, automotive, construction, shipbuilding, energy, and process industries, among others. The company generated roughly $4.2 billion in sales in 2025.
97GF Score
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