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Lincoln NationalFRA:LCO -1.29%71 Equity-to-Asset is 0.03 as of Jun. 2026, which is 40% below its 10-year median of 0.05. GuruFocus rates FRA:LCO with a GF Score™ of 71/100 and a GF Value™ of €44.64 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 501 Insurance companies, Lincoln National ranks worse than 94.01% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Lincoln National's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €9,851 Mil. Lincoln National's Total Assets for the quarter that ended in Jun. 2026 was €373,064 Mil.
Therefore, Lincoln National's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.03.
The historical rank and industry rank for Lincoln National's Equity-to-Asset or its related term are showing as below:
FRA:LCO'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01 Med: 0.05 Max: 0.06
Current: 0.03
During the past 13 years, the highest Equity to Asset Ratio of Lincoln National was 0.06. The lowest was 0.01. And the median was 0.05.
FRA:LCO's Equity-to-Asset is ranked worse than 94.01% of 501
companies
in the Insurance industry
Industry Median: 0.26
vs FRA:LCO: 0.03
Lincoln National (FRA:LCO) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Lincoln National Equity-to-Asset Related Terms
Lincoln National Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Lincoln National's Equity-to-Asset 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.
FRA:LCO vs PRI, JXN, CNO: Equity-to-Asset Comparison
For the Insurance - Life subindustry, Lincoln National's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 National Equity-to-Asset vs Insurance Industry
For the Insurance industry and Financial Services sector, Lincoln National's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Lincoln National's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Lincoln National's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 National (FRA:LCO) has a Equity-to-Asset of 0.03 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Lincoln National and its competitors. This is 40% below median its historical median of 0.05. Over the past decade, Lincoln National's Equity-to-Asset has ranged from 0.01 to 0.06. According to the industry distribution chart, Lincoln National ranks #471 out of 501 companies in the Insurance industry, placing it in the top 94%.
Is Lincoln National's Equity-to-Asset too high?
Lincoln National's current Equity-to-Asset of 0.03 is 40% below median its 10-year median of 0.05. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.06. The Insurance industry median Equity-to-Asset is 0.26. Lincoln National's value of 0.03 is 88.5% below this industry median. Based on the distribution chart, Lincoln National ranks #471 out of 501 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Lincoln National has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lincoln National's Equity-to-Asset compare to PRI and JXN?
According to the Insurance industry distribution chart, Lincoln National ranks #471 out of 501 companies for Equity-to-Asset. This places Lincoln National in the lower half of its industry. The industry median Equity-to-Asset is 0.26. Lincoln National's value of 0.03 is 88.5% below this benchmark. Historically, Lincoln National's own Equity-to-Asset has ranged from 0.01 to 0.06 over the past decade. While the company's 10-year median is 0.05 vs. the industry median of 0.26, Lincoln National has consistently been below 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 Equity-to-Asset for an Insurance company?
The median Equity-to-Asset among Insurance companies is 0.26, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lincoln National's current Equity-to-Asset of 0.03 is 88.5% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Lincoln National and its competitors. For the Insurance industry, the median Equity-to-Asset is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lincoln National's current Equity-to-Asset is 0.03, which is 40% below median its own 10-year median of 0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lincoln National stock overvalued right now?
Based on GuruFocus' analysis, Lincoln National (FRA:LCO) is currently considered Modestly Undervalued. The stock's GF Value™ is €44.64, compared to a current price of €38.30 — trading 14.2% below its estimated fair value. The current Equity-to-Asset is 0.03, which is 40% below median its 10-year median of 0.05 and 88.5% below the Insurance industry median of 0.26. Lincoln National's overall GF Score™ is 71/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Lincoln National (FRA:LCO), the current Equity-to-Asset is 0.03 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 National (FRA:LCO) Overvalued in 2026?
Based on GuruFocus' analysis, Lincoln National stock appears to be undervalued.
The current stock price of €38.30 is trading 14.2% below its estimated GF Value™ of €44.64.
GuruFocus considers Lincoln National to be Modestly Undervalued.
Key valuation signals for FRA:LCO:
Equity-to-Asset: 0.03 (40% below median its 10-year median of 0.05)
GF Value™: €44.64 vs. price of €38.30 (14.2% below fair value)
Industry Position: 88.5% below the Insurance median (#471 of 501)
No single metric tells the full story. See the FRA:LCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lincoln National Corp operates multiple insurance and retirement businesses. The company's operating segment includes Annuities; Retirement Plan Services; Life Insurance and Group Protection. Its products include fixed and indexed annuities, variable annuities, universal life insurance (UL), variable universal life insurance (VUL), linked-benefit UL and VUL, indexed universal life insurance (IUL), term life insurance, employer-sponsored retirement plans and services, and group life, disability, and dental.
71GF Score
Get the complete analysis for FRA:LCO
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