LPL Financial Holdings Inc. (LPLA) is a publicly traded company in the Financial Services — Financial - Capital Markets industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
LPL Financial Holdings Inc., operating through its subsidiaries, delivers an integrated ecosystem of brokerage and investment advisory solutions. These services are primarily aimed at independent financial professionals and advisors affiliated with financial institutions across the United States.
Is LPL Financial Holdings Inc. stock overvalued or undervalued in 2026?
LPL Financial Holdings Inc. (LPLA) trades at 16.3× earnings (P/E), above the median of the 324 financial services companies over $2bn in Kaplio's universe. At the decade median (22.2×) $387 (+36 %); at its sector median (13.0×) $227 (-20 %).
Kaplio overview: LPL Financial Holdings Inc.
Market cap $22B · 52 weeks $266 – $393 (28 % below the high) · P/E 16.3× · 2027 expected P/E 9.4× · Dividend 0.42 % · Next earnings February 4, 2027 · expected EPS $6.05 · Closing price, Oct 30 · accounts published Oct 27.
- Valuation: P/E 16.3× (fairly priced).
- Business: ROE 24.7 % (solid).
- Balance sheet: Debt/Equity 1.34 (fragile).
- Earnings: 8 of 8 (uneven).
What would it be worth at its usual multiples?
At the decade median (22.2×) $387 (+36 %); at its sector median (13.0×) $227 (-20 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in financial services: 3 of 6 pass
- Operating margin 13.4 %, fails.
- FCF / Net Income −115.1 %, fails.
- Debt / Equity 1.34, fails.
- 5y revenue growth 23.9 %, passes.
- ROE 24.7 %, passes.
- P/E vs own 5y 16.3×, passes.
Against its peers (reference peers) — LPL Financial Holdings Inc.: P/E 16.3×; EV/EBITDA 9.1×; ROIC 11.9 %; $22.3B. Stifel Financial Corp (P/E 9.1×; EV/EBITDA 4.5×; ROIC 20.5 %; $10.0B), Jefferies Financial Group Inc. (P/E 12.3×; EV/EBITDA 20.6×; ROIC 2.0 %; $8.7B), The Charles Schwab Corporation (P/E 15.0×; EV/EBITDA 10.3×; ROIC 2.0 %; $152B).
Expensive or cheap against its last ten years?
P/E at each close: today 16.3× · median 22.2× · minimum 6.6× · maximum 46.4× · cheap below 19.0× · expensive above 26.7×. It has been cheaper than today only 15% of the time over its last ten years.
Dividend
tight · Yield 0.42 % ($1.20 per share in 2025) · 5-year growth +4 % a year · Free cash flow coverage -4.2× · With $1,000 invested today you'd collect $4.20 a year ($0.35 a month).
Profitability
| Return on Equity | 24.65% |
| Return on Invested Capital | 11.94% |
| Return on Assets | 7.01% |
| Gross Margin | 27.96% |
| Operating Margin | 12.83% |
| Net Margin | 6.83% |
Financial Health
| Debt / Equity | 1.34 |
| Current Ratio | 1.53 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 3.39 |
Price Performance
| 1 month | -9.10% |
| 3 months | -19.78% |
| Year-to-date | -20.56% |
| 1 year | -24.80% |
| 3 years | +29.87% |
| 5 years | +70.23% |
| 10 years | +815.59% |
Dividend History
Paid in the last 12 months: $1.2000 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-11-12 | $0.3000 |
| 2026-08-14 | $0.3000 |
| 2026-05-21 | $0.3000 |
| 2026-03-10 | $0.3000 |
| 2025-11-13 | $0.3000 |
| 2025-08-15 | $0.3000 |
| 2025-05-30 | $0.3000 |
| 2025-03-11 | $0.3000 |
| 2024-11-14 | $0.3000 |
| 2024-08-09 | $0.3000 |
Amounts adjusted for stock splits.
Related companies: AMP · IBKR · MS · GS · SCHW · RJF · SF · JEF
Explore sector: Financial Services · Financial - Capital Markets
More sections of LPLA: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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