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LPL Financial HoldingsLPLA +0.92%85 Debt-to-Equity is 1.30 as of Mar. 2026, which is 33% below its 10-year median of 1.93. GuruFocus rates LPLA with a GF Score™ of 85/100 and a GF Value™ of $468.44 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 610 Capital Markets companies, LPL Financial Holdings ranks worse than 77.7% 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 LPL Financial Holdings's Debt-to-Equity or its related term are showing as below:
LPLA'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.3 Med: 1.93 Max: 3.02
Current: 1.3
During the past 13 years, the highest Debt-to-Equity Ratio of LPL Financial Holdings was 3.02. The lowest was 1.30. And the median was 1.93.
LPLA's Debt-to-Equity is ranked worse than 77.7% of 610
companies
in the Capital Markets industry
Industry Median: 0.305
vs LPLA: 1.30
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.
LPL Financial Holdings Debt-to-Equity Related Terms
LPL Financial Holdings Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for LPL Financial Holdings's Debt-to-Equity 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.
For the Capital Markets subindustry, LPL Financial 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.
LPL Financial Holdings Debt-to-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, LPL Financial Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where LPL Financial 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.
LPL Financial Holdings (LPLA) has a Debt-to-Equity of 1.30 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on LPL Financial Holdings and its competitors. This is 33% below median its historical median of 1.93. Over the past decade, LPL Financial Holdings' Debt-to-Equity has ranged from 1.30 to 3.02. According to the industry distribution chart, LPL Financial Holdings ranks #474 out of 610 companies in the Capital Markets industry, placing it in the top 77.7%.
Is LPL Financial Holdings' Debt-to-Equity too high?
LPL Financial Holdings' current Debt-to-Equity of 1.30 is 33% below median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 3.02. The Capital Markets industry median Debt-to-Equity is 0.31. LPL Financial Holdings' value of 1.30 is 326.2% above this industry median. Based on the distribution chart, LPL Financial Holdings ranks #474 out of 610 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, LPL Financial Holdings has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LPL Financial Holdings' Debt-to-Equity compare to TW and CRCL?
According to the Capital Markets industry distribution chart, LPL Financial Holdings ranks #474 out of 610 companies for Debt-to-Equity. This places LPL Financial Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.31. LPL Financial Holdings' value of 1.30 is 326.2% above this benchmark. Historically, LPL Financial Holdings' own Debt-to-Equity has ranged from 1.30 to 3.02 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 0.31, LPL Financial 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 a Capital Markets company?
The median Debt-to-Equity among Capital Markets companies is 0.31, based on 610 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. LPL Financial Holdings's current Debt-to-Equity of 1.30 is 326.2% 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 LPL Financial Holdings and its competitors. For the Capital Markets industry, the median Debt-to-Equity is 0.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LPL Financial Holdings's current Debt-to-Equity is 1.30, which is 33% below median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LPL Financial Holdings stock overvalued right now?
Based on GuruFocus' analysis, LPL Financial Holdings (LPLA) is currently considered Modestly Undervalued. The stock's GF Value™ is $468.44, compared to a current price of $331.72 — trading 29.2% below its estimated fair value. The current Debt-to-Equity is 1.30, which is 33% below median its 10-year median of 1.93 and 326.2% above the Capital Markets industry median of 0.31. LPL Financial Holdings' overall GF Score™ is 85/100 with 4 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 LPL Financial Holdings (LPLA), the current Debt-to-Equity is 1.30 as of Mar. 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 LPL Financial Holdings (LPLA) Overvalued in 2026?
Based on GuruFocus' analysis, LPL Financial Holdings stock appears to be undervalued.
The current stock price of $331.72 is trading 29.2% below its estimated GF Value™ of $468.44.
GuruFocus considers LPL Financial Holdings to be Modestly Undervalued.
Key valuation signals for LPLA:
Debt-to-Equity: 1.30 (33% below median its 10-year median of 1.93)
GF Value™: $468.44 vs. price of $331.72 (29.2% below fair value)
Industry Position: 326.2% above the Capital Markets median (#474 of 610)
No single metric tells the full story. See the LPLA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LPL Financial is the largest US independent broker-dealer, with more than 32,000 financial advisors affiliated with its platform and roughly 11 million customer accounts at the end of 2025. The firm earns the bulk of its profit from interest income earned on client cash balances and from advisory fees and commissions tied to the $2.4 trillion in assets under management or advisory on its platform at year-end 2025. LPL specializes in providing turnkey wealth management services for affiliated independent advisors, but maintains a diverse array of affiliation modalities, running the gamut from more traditional employee models to a pure RIA custody approach. It earns tuck-in revenue from recordkeeping fees and the provision of software tools and services to its advisor base.
85GF Score
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