Lincoln NationalLNC +1.05%67 EV-to-FCF is 28.94 as of Jun. 26, 2026, which is 366% above its 10-year median of 6.21. GuruFocus rates LNC with a GF Score™ of 67/100 and a GF Value™ of $44.06 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 391 Insurance companies, Lincoln National ranks worse than 85.42% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Lincoln National's Enterprise Value is $7,031 Mil.
Lincoln National's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $243 Mil. Therefore, Lincoln National's EV-to-FCF for today is 28.94.
The historical rank and industry rank for Lincoln National's EV-to-FCF or its related term are showing as below:
LNC'
s EV-to-FCF Range Over the Past 10 Years
Min: -85.11 Med: 6.21 Max: 60.64
Current: 28.94
During the past 13 years, the highest EV-to-FCF of Lincoln National was 60.64. The lowest was -85.11. And the median was 6.21.
LNC's EV-to-FCF is ranked worse than 85.42% of 391
companies
in the Insurance industry
Industry Median: 9.32
vs LNC: 28.94
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Lincoln National's PE Ratio (TTM) for today is calculated as:
Lincoln National's share price for today is $36.72.
Lincoln National'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 $8.620.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Lincoln National EV-to-FCF Related Terms
Lincoln National EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Lincoln National's EV-to-FCF 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 Insurance - Life subindustry, Lincoln National's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Insurance Industry
For the Insurance industry and Financial Services sector, Lincoln National's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Lincoln National's EV-to-FCF falls into.
Lincoln National's current Enterprise Value is $7,031 Mil.
Lincoln National's Free Cash Flow 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 $243 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.
Lincoln National (LNC) has a EV-to-FCF of 28.94 as of Jun. 26, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Lincoln National and its competitors. This is 366% above median its historical median of 6.21. According to the industry distribution chart, Lincoln National ranks #334 out of 391 companies in the Insurance industry, placing it in the top 85.4%.
Is Lincoln National's EV-to-FCF too high?
Lincoln National's current EV-to-FCF of 28.94 is 366% above median its 10-year median of 6.21. The Insurance industry median EV-to-FCF is 9.32. Lincoln National's value of 28.94 is 210.5% above this industry median. Based on the distribution chart, Lincoln National ranks #334 out of 391 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Lincoln National has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lincoln National's EV-to-FCF compare to JXN and PRI?
According to the Insurance industry distribution chart, Lincoln National ranks #334 out of 391 companies for EV-to-FCF. This places Lincoln National in the lower half of its industry. The industry median EV-to-FCF is 9.32. Lincoln National's value of 28.94 is 210.5% above this benchmark. While the company's 10-year median is 6.21 vs. the industry median of 9.32, Lincoln National 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-FCF for an Insurance company?
The median EV-to-FCF among Insurance companies is 9.32, based on 391 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lincoln National's current EV-to-FCF of 28.94 is 210.5% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Lincoln National and its competitors. For the Insurance industry, the median EV-to-FCF is 9.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lincoln National's current EV-to-FCF is 28.94, which is 366% above median its own 10-year median of 6.21. 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 (LNC) is currently considered Modestly Undervalued. The stock's GF Value™ is $44.06, compared to a current price of $36.72 — trading 16.7% below its estimated fair value. The current EV-to-FCF is 28.94, which is 366% above median its 10-year median of 6.21 and 210.5% above the Insurance industry median of 9.32. Lincoln National's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Lincoln National (LNC), the current EV-to-FCF is 28.94 as of Jun. 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 Lincoln National (LNC) Overvalued in 2026?
Based on GuruFocus' analysis, Lincoln National stock appears to be undervalued.
The current stock price of $36.72 is trading 16.7% below its estimated GF Value™ of $44.06.
GuruFocus considers Lincoln National to be Modestly Undervalued.
Key valuation signals for LNC:
EV-to-FCF: 28.94 (366% above median its 10-year median of 6.21)
GF Value™: $44.06 vs. price of $36.72 (16.7% below fair value)
Industry Position: 210.5% above the Insurance median (#334 of 391)
No single metric tells the full story. See the LNC 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.
67GF Score
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