# Lincoln National Corporation (LNC) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Insurance. Price $45.47, market value $8.7 billion.

## Valuation
- **P/E (trailing): 3.8×** (5-yr avg 3.7×, 3-yr avg 4.5×). Lincoln National Corporation trades at 3.8× trailing earnings, close to its own five-year average of 3.7×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 5.2×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 0.5×**. Each dollar of revenue is priced at 0.5×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.8×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **Earnings yield: 26.1%**. The inverse of the P/E: 26.1% of the price is earned each year.

## Profitability
- **Net margin: 6.5%**. 6.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 10.8%**. 10.8% on shareholders' equity is solid.
- **Return on assets: 0.6%**. Each dollar of assets produces 0.6% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): -1.2%** (3-yr -1.1%/yr, 5-yr 0.9%/yr). Revenue fell 1.2% over the last year, against 0.9% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -68.3%** (3-yr -9.2%/yr, 5-yr 17.9%/yr). Earnings per share fell 68.3%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 3.96%** ($1.80 per share, trailing). Lincoln National Corporation yields 3.96%, an income-level yield.
- **Payout ratio: 28%**. 28% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 15**. 15 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 2.4%/yr** (1-yr 0.0%). The dividend has grown 2.4% a year over five years.

## Analyst view
- **Analyst consensus: hold** (12 analysts). 12 analysts cover Lincoln National Corporation; the consensus is hold, with an average price target of $47.92 (+5% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 10.2%** (YTD 5.7%, 3-mo 32.4%). The shares are up 10.2% over twelve months including dividends.
- **From 52-week high: -4.6%** (41.3% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 61**. An RSI of 61 is neutral.
- **Beta (1 yr): 1.11** (volatility 34%). Beta of 1.11 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=LNC · Page: https://foliofundamentals.com/stocks/lnc

Not investment advice.