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Lincoln Electric HoldingsLECO +0.90%97 Earnings Yield (Joel Greenblatt) % is 5.03% as of Jun. 2026, which is 6% below its 10-year median of 5.37. GuruFocus rates LECO with a GF Score™ of 97/100 and a GF Value™ of $252.48 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 3,084 Industrial Products companies, Lincoln Electric Holdings ranks better than 60.25% on this metric.
Lincoln Electric Holdings's Enterprise Value for the quarter that ended in Jun. 2026 was $15,377 Mil.
Lincoln Electric Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $773 Mil. Lincoln Electric Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 5.03%.
The historical rank and industry rank for Lincoln Electric Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LECO'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 2.63 Med: 5.37 Max: 8.62
Current: 4.67
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Lincoln Electric Holdings was 8.62%. The lowest was 2.63%. And the median was 5.37%.
LECO's Earnings Yield (Joel Greenblatt) % is ranked better than 60.25% of 3084
companies
in the Industrial Products industry
Industry Median: 3.305
vs LECO: 4.67
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Lincoln Electric Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 18.54%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Lincoln Electric Holdings (NAS:LECO) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Lincoln Electric Holdings Earnings Yield (Joel Greenblatt) % Related Terms
Lincoln Electric Holdings Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for Lincoln Electric Holdings's Earnings Yield (Joel Greenblatt) % 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 Electric Holdings Earnings Yield (Joel Greenblatt) % Chart
For the Tools & Accessories subindustry, Lincoln Electric Holdings's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Lincoln Electric Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Lincoln Electric Holdings's Earnings Yield (Joel Greenblatt) % falls into.
Lincoln Electric Holdings Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Lincoln Electric Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Lincoln Electric Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $773 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 5.03% mean?
Lincoln Electric Holdings (LECO) has a Earnings Yield (Joel Greenblatt) % of 5.03% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Lincoln Electric Holdings and its competitors. This is near median its historical median of 5.37. Over the past decade, Lincoln Electric Holdings' Earnings Yield (Joel Greenblatt) % has ranged from 2.63 to 8.62. According to the industry distribution chart, Lincoln Electric Holdings ranks #1226 out of 3084 companies in the Industrial Products industry, placing it in the top 39.8%.
Is Lincoln Electric Holdings' Earnings Yield (Joel Greenblatt) % too high?
Lincoln Electric Holdings' current Earnings Yield (Joel Greenblatt) % of 5.03% is near median its 10-year median of 5.37. Over the past 10 years, this metric has ranged from a low of 2.63 to a high of 8.62. The Industrial Products industry median Earnings Yield (Joel Greenblatt) % is 3.31. Lincoln Electric Holdings' value of 5.03% is 52.2% above this industry median. Based on the distribution chart, Lincoln Electric Holdings ranks #1226 out of 3084 companies in the Industrial Products industry, which is above the industry midpoint. 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' Earnings Yield (Joel Greenblatt) % compare to SWK and TKR?
According to the Industrial Products industry distribution chart, Lincoln Electric Holdings ranks #1226 out of 3084 companies for Earnings Yield (Joel Greenblatt) %. This puts Lincoln Electric Holdings in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 3.31. Lincoln Electric Holdings' value of 5.03% is 52.2% above this benchmark. Historically, Lincoln Electric Holdings' own Earnings Yield (Joel Greenblatt) % has ranged from 2.63 to 8.62 over the past decade. While the company's 10-year median is 5.37 vs. the industry median of 3.31, 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 Earnings Yield (Joel Greenblatt) % for an Industrial Products company?
The median Earnings Yield (Joel Greenblatt) % among Industrial Products companies is 3.31, based on 3,084 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lincoln Electric Holdings's current Earnings Yield (Joel Greenblatt) % of 5.03% is 52.2% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Lincoln Electric Holdings and its competitors. For the Industrial Products industry, the median Earnings Yield (Joel Greenblatt) % is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lincoln Electric Holdings's current Earnings Yield (Joel Greenblatt) % is 5.03%, which is near median its own 10-year median of 5.37. 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 $252.48, compared to a current price of $286.97 — trading 13.7% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 5.03%, which is near median its 10-year median of 5.37 and 52.2% above the Industrial Products industry median of 3.31. Lincoln Electric Holdings' overall GF Score™ is 97/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Lincoln Electric Holdings (LECO), the current Earnings Yield (Joel Greenblatt) % is 5.03% 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 $286.97 is trading 13.7% above its estimated GF Value™ of $252.48.
GuruFocus considers Lincoln Electric Holdings to be Modestly Overvalued.
Key valuation signals for LECO:
Earnings Yield (Joel Greenblatt) %: 5.03% (near median its 10-year median of 5.37)
GF Value™: $252.48 vs. price of $286.97 (13.7% above fair value)
Industry Position: 52.2% above the Industrial Products median (#1226 of 3084)
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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