LPLA (LPL Financial Holdings) Shiller PE Ratio: (As of Sep. 22, 2026)

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Director of Data and Quant Analytics at GuruFocus
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LPLA LPL Financial Holdings Inc LPLA
94 GF Score
Price $332.26
GF Value $485.10
Valuation Possible Value Trap
! 7 Warning Signs
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What is LPL Financial Holdings Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


LPL Financial Holdings  (NAS:LPLA) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


LPL Financial Holdings Shiller PE Ratio Related Terms


LPL Financial Holdings Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for LPL Financial Holdings's Shiller PE Ratio 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.

LPL Financial Holdings Shiller PE Ratio Chart

LPL Financial Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 42.48 44.33 36.82 43.37 41.61

LPL Financial Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 44.83 39.96 41.33 32.80 29.11

LPLA vs TW, CRCL, FUTU: Shiller PE Ratio Comparison

For the Capital Markets subindustry, LPL Financial Holdings's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, LPL Financial Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where LPL Financial Holdings's Shiller PE Ratio falls into.


LPLA
94GF Score
LPL Financial Holdings Inc LPLA
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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LPL Financial Holdings Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

LPL Financial Holdings's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, LPL Financial Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.7389/333.9520*333.9520
=4.739

Current CPI (Jun. 2026) = 333.9520.

LPL Financial Holdings Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 0.580 241.428 0.802
201612 0.460 241.432 0.636
201703 0.520 243.801 0.712
201706 0.740 244.955 1.009
201709 0.630 246.819 0.852
201712 0.690 246.524 0.935
201803 1.010 249.554 1.352
201806 1.300 251.989 1.723
201809 1.190 252.439 1.574
201812 1.365 251.233 1.814
201903 1.792 254.202 2.354
201906 1.712 256.143 2.232
201909 1.571 256.759 2.043
201912 1.532 256.974 1.991
202003 1.918 258.115 2.481
202006 1.269 257.797 1.644
202009 1.289 260.280 1.653
202012 1.379 260.474 1.768
202103 1.588 264.877 2.002
202106 1.457 271.696 1.791
202109 1.259 274.310 1.533
202112 1.322 278.802 1.584
202203 1.640 287.504 1.904
202206 1.972 296.311 2.223
202209 2.860 296.808 3.217
202212 3.945 296.797 4.439
202303 4.237 301.836 4.688
202306 3.651 305.109 3.997
202309 2.907 307.789 3.154
202312 2.854 306.746 3.107
202403 3.827 312.332 4.091
202406 3.227 314.175 3.430
202409 3.386 315.301 3.586
202412 3.594 315.605 3.803
202503 4.241 319.799 4.429
202506 3.400 322.561 3.520
202509 -0.369 324.800 -0.379
202512 3.740 324.054 3.854
202603 4.430 330.213 4.481
202606 4.739 333.952 4.739

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

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 $332.26 is trading 31.5% below its estimated GF Value™ of $485.10. GuruFocus considers LPL Financial Holdings to be Possible Value Trap.

Key valuation signals for LPLA:

  • Shiller PE Ratio:
  • GF Value™: $485.10 vs. price of $332.26 (31.5% below fair value)
  • GF Score™: 94/100 with 7 warning signs

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 Holdings Business Description

Address 4707 Executive Drive, San Diego, CA, USA, 92121
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.
94GF Score

Get the complete analysis for LPLA

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$332.26
Price
$485.10
GF Value