Lincoln National (FRA:LCO) ROE % Adjusted to Book Value: -9.24% (As of Mar. 2026)


FRA:LCO Lincoln National Corp FRA:LCO
67 GF Score
Price €31.90
GF Value €37.11
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Lincoln National ROE % Adjusted to Book Value?

Lincoln National FRA:LCO -2.92% 67 ROE % Adjusted to Book Value is -9.24% as of Mar. 2026. GuruFocus rates FRA:LCO with a GF Score™ of 67/100 and a GF Value™ of €37.11 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Lincoln National's ROE % for the quarter that ended in Mar. 2026 was -6.56%. Lincoln National's PB Ratio for the quarter that ended in Mar. 2026 was 0.71. Lincoln National's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -9.24%.


Lincoln National ROE % Adjusted to Book Value Related Terms


Lincoln National ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Lincoln National's ROE % Adjusted to Book Value 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 National ROE % Adjusted to Book Value Chart

Lincoln National Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.61 8.85 -16.08 60.27 13.58

Lincoln National Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 -41.59 40.77 22.06 32.87 -9.24

FRA:LCO vs JXN, PRI, CNO: ROE % Adjusted to Book Value Comparison

For the Insurance - Life subindustry, Lincoln National's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Insurance Industry

For the Insurance industry and Financial Services sector, Lincoln National's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Lincoln National's ROE % Adjusted to Book Value falls into.


FRA:LCO
67GF Score
Lincoln National Corp FRA:LCO
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Lincoln National ROE % Adjusted to Book Value Calculation

Lincoln National's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=11.68% / 0.86
=13.58%

Lincoln National's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-6.56% / 0.71
=-9.24%

* 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.

What does a ROE % Adjusted to Book Value of -9.24% mean?
Lincoln National (FRA:LCO) has a ROE % Adjusted to Book Value of -9.24% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Lincoln National and its competitors.
Is Lincoln National's ROE % Adjusted to Book Value too high?
Lincoln National's current ROE % Adjusted to Book Value is -9.24%. 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 ROE % Adjusted to Book Value compare to JXN and PRI?
Lincoln National's ROE % Adjusted to Book Value of -9.24% can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Insurance company?
A good ROE % Adjusted to Book Value depends on the Insurance industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Lincoln National and its competitors. Lincoln National's current ROE % Adjusted to Book Value is -9.24%. 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 €37.11, compared to a current price of €31.90 — trading 14% below its estimated fair value. The current ROE % Adjusted to Book Value is -9.24%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Lincoln National (FRA:LCO), the current ROE % Adjusted to Book Value is -9.24% 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 National (FRA:LCO) Overvalued in 2026?

Based on GuruFocus' analysis, Lincoln National stock appears to be undervalued. The current stock price of €31.90 is trading 14% below its estimated GF Value™ of €37.11. GuruFocus considers Lincoln National to be Modestly Undervalued.

Key valuation signals for FRA:LCO:

  • ROE % Adjusted to Book Value: -9.24%
  • GF Value™: €37.11 vs. price of €31.90 (14% below fair value)
  • GF Score™: 67/100 with 3 warning signs

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 Business Description

Other Exchanges LNC:USA0JV3:UKL1NC34:Brazil
Address 150 North Radnor-Chester Road, Suite A305, Radnor, PA, USA, 19087
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

Get the complete analysis for FRA:LCO

ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€31.90
Price
€37.11
GF Value