# LPL Financial Holdings Inc. (LPLA) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Capital Markets. Price $359.33, market value $28.3 billion.

## Valuation
- **P/E (trailing): 28.8×** (5-yr avg 24.1×, 3-yr avg 24.1×). LPL Financial Holdings Inc. trades at 28.8× trailing earnings, close to its own five-year average of 24.1×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 12.0×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 1.4×**. Each dollar of revenue is priced at 1.4×.
- **Price / book: 4.9×**. The shares trade at 4.9× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: -3.3%** (5-yr avg 1.5%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 3.5%**. The inverse of the P/E: 3.5% of the price is earned each year.

## Profitability
- **Net margin: 5.1%**. 5.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 16.1%**. 16.1% on shareholders' equity is solid.
- **Return on assets: 5.4%**. Each dollar of assets produces 5.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 37.2%** (3-yr 25.5%/yr, 5-yr 23.7%/yr). Revenue grew 37.2% over the last year, against 23.7% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -22.2%** (3-yr 1.6%/yr, 5-yr 13.3%/yr). Earnings per share fell 22.2%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $1.0 billion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 0.33%** ($1.20 per share, trailing). LPL Financial Holdings Inc. yields 0.33%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 11%**. 11% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 12**. 12 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 3.7%/yr** (1-yr 0.0%). The dividend has grown 3.7% a year over five years.

## Analyst view
- **Analyst consensus: buy** (15 analysts). 15 analysts cover LPL Financial Holdings Inc.; the consensus is buy, with an average price target of $429.33 (+19% 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): 0.1%** (YTD 0.8%, 3-mo 24.6%). The shares are up 0.1% over twelve months including dividends.
- **From 52-week high: -10.2%** (38.1% above the low). Trading 10% below 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): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): 0.82** (volatility 37%). Beta of 0.82 against the S&P 500: the shares move roughly with the market.

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

Not investment advice.