LECO (Lincoln Electric Holdings) ROCE %: 26.20% (As of Mar. 2026)


LECO Lincoln Electric Holdings Inc LECO
97 GF Score
Price $268.91
GF Value $236.84
Valuation Modestly Overvalued
! 4 Warning Signs
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What is Lincoln Electric Holdings ROCE %?

Lincoln Electric Holdings LECO -0.07% 97 ROCE % is 26.20% as of Mar. 2026. GuruFocus rates LECO with a GF Score™ of 97/100 and a GF Value™ of $236.84 (Modestly Overvalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Lincoln Electric Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was 26.20%.

Lincoln Electric Holdings  (NAS:LECO) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Lincoln Electric Holdings ROCE % Related Terms

Lincoln Electric Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for Lincoln Electric Holdings's ROCE % 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 ROCE % Chart

Lincoln Electric Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.28 29.89 29.54 24.20 26.62

Lincoln Electric Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.98 29.29 26.24 26.56 26.20
LECO
97GF Score
Lincoln Electric Holdings Inc LECO
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Lincoln Electric Holdings ROCE % Calculation

Lincoln Electric Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=727.011/( ( (3520.142 - 878.802) + (3777.577 - 956.691) )/ 2 )
=727.011/( (2641.34+2820.886)/ 2 )
=727.011/2731.113
=26.62 %

Lincoln Electric Holdings's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=746.912/( ( (3777.577 - 956.691) + (3900.395 - 1020.357) )/ 2 )
=746.912/( ( 2820.886 + 2880.038 )/ 2 )
=746.912/2850.462
=26.20 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 26.20% mean?
Lincoln Electric Holdings (LECO) has a ROCE % of 26.20% as of Mar. 2026.
Is Lincoln Electric Holdings' ROCE % too high?
Lincoln Electric Holdings' current ROCE % is 26.20%. The Industrial Products industry median ROCE % is 7.10. Lincoln Electric Holdings' value of 26.20% is 269% above this industry median. 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' ROCE % compare to SWK and RBC?
Lincoln Electric Holdings' ROCE % of 26.20% can be compared against companies in the Industrial Products industry. The industry median ROCE % is 7.10. Lincoln Electric Holdings' value of 26.20% is 269% 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 ROCE % for an Industrial Products company?
The median ROCE % among Industrial Products companies is 7.10, based on 3,032 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lincoln Electric Holdings's current ROCE % of 26.20% is 269% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Industrial Products industry, the median ROCE % is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lincoln Electric Holdings's current ROCE % is 26.20%. 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 $236.84, compared to a current price of $268.91 — trading 13.5% above its estimated fair value. The current ROCE % is 26.20% and 269% above the Industrial Products industry median of 7.10. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Lincoln Electric Holdings (LECO), the current ROCE % is 26.20% as of Mar. 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 $268.91 is trading 13.5% above its estimated GF Value™ of $236.84. GuruFocus considers Lincoln Electric Holdings to be Modestly Overvalued.

Key valuation signals for LECO:

  • ROCE %: 26.20%
  • GF Value™: $236.84 vs. price of $268.91 (13.5% above fair value)
  • GF Score™: 97/100 with 4 warning signs
  • Industry Position: 269% above the Industrial Products median

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 Holdings Business Description

Other Exchanges LNE:Germany
Address 22801 Saint Clair Avenue, Cleveland, OH, USA, 44117
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$268.91
Price
$236.84
GF Value