LPL Financial Holdings's quarterly market cap
increased
from Sep. 2025 ($26,628 Mil) to Dec. 2025 ($28,595 Mil) but then
declined
from Dec. 2025 ($28,595 Mil) to Mar. 2026 ($24,123 Mil).
LPL Financial Holdings's annual market cap
increased
from Dec. 2023 ($16,993 Mil) to Dec. 2024 ($24,378 Mil) and
increased
from Dec. 2024 ($24,378 Mil) to Dec. 2025 ($28,595 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. LPL Financial Holdings's Enterprise Value for Today is $28,101 Mil.
LPL Financial Holdings (NAS:LPLA) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
* 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, LPL Financial Holdings's Market Cap distribution charts can be found below:
* The bar in red indicates where LPL Financial Holdings's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
LPL Financial Holdings's Market Cap 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.
LPL Financial Holdings (LPLA) has a Market Cap of $21,797 Mil as of Jun. 25, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on LPL Financial Holdings and its competitors. According to the industry distribution chart, LPL Financial Holdings ranks #29 out of 828 companies in the Capital Markets industry, placing it in the top 3.5%.
Is LPL Financial Holdings' Market Cap too high?
LPL Financial Holdings' current Market Cap is $21,797 Mil. The Capital Markets industry median Market Cap is 55.08. LPL Financial Holdings' value of $21,797 Mil is 39471.2% above this industry median. Based on the distribution chart, LPL Financial Holdings ranks #29 out of 828 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, LPL Financial Holdings has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LPL Financial Holdings' Market Cap compare to TW and IREN?
According to the Capital Markets industry distribution chart, LPL Financial Holdings ranks #29 out of 828 companies for Market Cap. This places LPL Financial Holdings in the top 4% of its industry — outperforming the majority of peers. The industry median Market Cap is 55.08. LPL Financial Holdings' value of $21,797 Mil is 39471.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Capital Markets company?
The median Market Cap among Capital Markets companies is 55.08, based on 828 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. LPL Financial Holdings's current Market Cap of $21,797 Mil is 39471.2% 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on LPL Financial Holdings and its competitors. For the Capital Markets industry, the median Market Cap is 55.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LPL Financial Holdings's current Market Cap is $21,797 Mil. 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 $461.58, compared to a current price of $272.52 — trading 41% below its estimated fair value. The current Market Cap is $21,797 Mil and 39471.2% above the Capital Markets industry median of 55.08. LPL Financial Holdings' overall GF Score™ is 86/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For LPL Financial Holdings (LPLA), the current Market Cap is $21,797 Mil as of Jun. 25, 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 $272.52 is trading 41% below its estimated GF Value™ of $461.58.
GuruFocus considers LPL Financial Holdings to be Significantly Undervalued.
Key valuation signals for LPLA:
Market Cap: $21,797 Mil
GF Value™: $461.58 vs. price of $272.52 (41% below fair value)
Industry Position: 39471.2% above the Capital Markets median (#29 of 828)
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.
86GF Score
Get the complete analysis for LPLA
Market Cap 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 
