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Lincoln National (FRA:LCO) Shiller PE Ratio : 4.78 (As of Apr. 28, 2024)


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What is Lincoln National Shiller PE Ratio?

As of today (2024-04-28), Lincoln National's current share price is €25.79. Lincoln National's E10 for the quarter that ended in Dec. 2023 was €5.39. Lincoln National's Shiller PE Ratio for today is 4.78.

The historical rank and industry rank for Lincoln National's Shiller PE Ratio or its related term are showing as below:

FRA:LCO' s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.98   Med: 13.23   Max: 24.17
Current: 4.69

During the past years, Lincoln National's highest Shiller PE Ratio was 24.17. The lowest was 2.98. And the median was 13.23.

FRA:LCO's Shiller PE Ratio is ranked better than
93.07% of 361 companies
in the Insurance industry
Industry Median: 13.13 vs FRA:LCO: 4.69

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Lincoln National's adjusted earnings per share data for the three months ended in Dec. 2023 was €-6.740. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €5.39 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lincoln National Shiller PE Ratio Historical Data

The historical data trend for Lincoln National'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.

* Premium members only.

Lincoln National Shiller PE Ratio Chart

Lincoln National Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.48 9.71 10.97 4.51 4.54

Lincoln National Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 4.51 3.58 3.97 3.60 4.54

Competitive Comparison of Lincoln National's Shiller PE Ratio

For the Insurance - Life subindustry, Lincoln National'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.


Lincoln National's Shiller PE Ratio Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Lincoln National's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Lincoln National's Shiller PE Ratio falls into.



Lincoln National 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.

Lincoln National's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=25.79/5.39
=4.78

* 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's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Lincoln National's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-6.74/129.4194*129.4194
=-6.740

Current CPI (Dec. 2023) = 129.4194.

Lincoln National Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.875 99.695 1.136
201406 1.089 100.560 1.402
201409 1.280 100.428 1.650
201412 1.071 99.070 1.399
201503 1.063 99.621 1.381
201506 1.203 100.684 1.546
201509 0.775 100.392 0.999
201512 1.047 99.792 1.358
201603 0.745 100.470 0.960
201606 1.202 101.688 1.530
201609 1.782 101.861 2.264
201612 0.777 101.863 0.987
201703 1.767 102.862 2.223
201706 1.611 103.349 2.017
201709 1.569 104.136 1.950
201712 3.101 104.011 3.859
201803 1.330 105.290 1.635
201806 1.455 106.317 1.771
201809 1.920 106.507 2.333
201812 1.582 105.998 1.932
201903 1.080 107.251 1.303
201906 1.584 108.070 1.897
201909 -0.754 108.329 -0.901
201912 1.935 108.420 2.310
202003 0.136 108.902 0.162
202006 -0.435 108.767 -0.518
202009 1.706 109.815 2.011
202012 0.608 109.897 0.716
202103 0.974 111.754 1.128
202106 2.772 114.631 3.130
202109 1.428 115.734 1.597
202112 1.062 117.630 1.168
202203 7.618 121.301 8.128
202206 4.569 125.017 4.730
202209 -10.575 125.227 -10.929
202212 4.465 125.222 4.615
202303 -5.016 127.348 -5.098
202306 2.714 128.729 2.729
202309 4.488 129.860 4.473
202312 -6.740 129.419 -6.740

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.


Lincoln National  (FRA:LCO) 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.


Lincoln National Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Lincoln National's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Lincoln National (FRA:LCO) Business Description

Traded in Other Exchanges
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 primarily 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.

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