Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
LPL Financial HoldingsLPLA +1.59%85 EV-to-EBITDA is 14.16 as of Jul. 26, 2026, which is 24% above its 10-year median of 11.38. GuruFocus rates LPLA with a GF Score™ of 85/100 and a GF Value™ of $468.23 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 515 Capital Markets companies, LPL Financial Holdings ranks worse than 65.44% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, LPL Financial Holdings's enterprise value is $32,594 Mil.
LPL Financial Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $2,302 Mil. Therefore, LPL Financial Holdings's EV-to-EBITDA for today is 14.16.
The historical rank and industry rank for LPL Financial Holdings's EV-to-EBITDA or its related term are showing as below:
LPLA'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.54 Med: 11.38 Max: 20.5
Current: 14.16
During the past 13 years, the highest EV-to-EBITDA of LPL Financial Holdings was 20.50. The lowest was 5.54. And the median was 11.38.
LPLA's EV-to-EBITDA is ranked worse than 65.44% of 515
companies
in the Capital Markets industry
Industry Median: 9.48
vs LPLA: 14.16
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
LPL Financial Holdings's PE Ratio (TTM) for today is calculated as:
LPL Financial Holdings's share price for today is $328.70.
LPL Financial Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $11.200.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* 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 EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, LPL Financial Holdings's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where LPL Financial Holdings's EV-to-EBITDA falls into.
LPL Financial Holdings's current Enterprise Value is $32,594 Mil.
LPL Financial Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,302 Mil.
* 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 EV-to-EBITDA of 14.16 as of Jul. 26, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on LPL Financial Holdings. This is 24% above median its historical median of 11.38. Over the past decade, LPL Financial Holdings' EV-to-EBITDA has ranged from 5.54 to 20.50. According to the industry distribution chart, LPL Financial Holdings ranks #337 out of 515 companies in the Capital Markets industry, placing it in the top 65.4%.
Is LPL Financial Holdings' EV-to-EBITDA too high?
LPL Financial Holdings' current EV-to-EBITDA of 14.16 is 24% above median its 10-year median of 11.38. Over the past 10 years, this metric has ranged from a low of 5.54 to a high of 20.50. The Capital Markets industry median EV-to-EBITDA is 9.48. LPL Financial Holdings' value of 14.16 is 49.4% above this industry median. Based on the distribution chart, LPL Financial Holdings ranks #337 out of 515 companies in the Capital Markets industry, which is below the industry midpoint. Overall, LPL Financial Holdings has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LPL Financial Holdings' EV-to-EBITDA compare to TW and CRCL?
According to the Capital Markets industry distribution chart, LPL Financial Holdings ranks #337 out of 515 companies for EV-to-EBITDA. This places LPL Financial Holdings in the lower half of its industry. The industry median EV-to-EBITDA is 9.48. LPL Financial Holdings' value of 14.16 is 49.4% above this benchmark. Historically, LPL Financial Holdings' own EV-to-EBITDA has ranged from 5.54 to 20.50 over the past decade. While the company's 10-year median is 11.38 vs. the industry median of 9.48, 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 EV-to-EBITDA for a Capital Markets company?
The median EV-to-EBITDA among Capital Markets companies is 9.48, based on 515 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. LPL Financial Holdings's current EV-to-EBITDA of 14.16 is 49.4% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on LPL Financial Holdings. For the Capital Markets industry, the median EV-to-EBITDA is 9.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LPL Financial Holdings's current EV-to-EBITDA is 14.16, which is 24% above median its own 10-year median of 11.38. 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 Significantly Undervalued. The stock's GF Value™ is $468.23, compared to a current price of $328.70 — trading 29.8% below its estimated fair value. The current EV-to-EBITDA is 14.16, which is 24% above median its 10-year median of 11.38 and 49.4% above the Capital Markets industry median of 9.48. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For LPL Financial Holdings (LPLA), the current EV-to-EBITDA is 14.16 as of Jul. 26, 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 $328.70 is trading 29.8% below its estimated GF Value™ of $468.23.
GuruFocus considers LPL Financial Holdings to be Significantly Undervalued.
Key valuation signals for LPLA:
EV-to-EBITDA: 14.16 (24% above median its 10-year median of 11.38)
GF Value™: $468.23 vs. price of $328.70 (29.8% below fair value)
Industry Position: 49.4% above the Capital Markets median (#337 of 515)
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
Get the complete analysis for LPLA
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LPLA has been successfully added to your 
