US · LNC
Lincoln National Corporation
- Sector
- Financial Services · Insurance - Life
- Headquarters
- Radnor, PA 19087
- Website
- lfg.com
Price · as of 2025-12-31
$37.53
Market cap 6.52B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $66.71 | +77.75% |
| Intrinsic Value(DCF) | $13.80 | -63.23% |
| Graham-Dodd Method(GD) | $51.50 | +37.21% |
| Graham Formula(GF) | $59.78 | +59.29% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $16.01 | $41.01 | $16.22 | $39.32 | $7.36 |
| 2012 | $21.70 | $37.96 | $20.25 | $63.78 | $75.63 |
| 2013 | $35.25 | $47.38 | $246.77 | $58.28 | $55.10 |
| 2014 | $38.90 | $51.32 | $241.52 | $70.88 | $122.76 |
| 2015 | $27.48 | $49.31 | $237.04 | $56.08 | $36.55 |
| 2016 | $48.43 | $61.03 | $259.70 | $62.32 | $32.62 |
| 2017 | $56.17 | $66.51 | $291.15 | $100.93 | $138.76 |
| 2018 | $43.88 | $62.50 | $307.63 | $76.12 | $172.28 |
| 2019 | $28.51 | $41.53 | $132.86 | $88.71 | $57.03 |
| 2020 | $49.04 | $32.84 | $17.56 | $96.85 | $25.39 |
| 2021 | $48.55 | $105.58 | $25.07 | $173.99 | $167.80 |
| 2022 | $21.40 | $75.60 | $0.00 | $35.65 | $122.28 |
| 2023 | $24.33 | $59.25 | $0.00 | $0.00 | $125.99 |
| 2024 | $33.91 | $71.01 | $22.41 | $102.61 | $1,138.63 |
| 2025 | $34.50 | $66.71 | $0.00 | $51.50 | $59.78 |
AI valuation
Our deep-learning model estimates Lincoln National Corporation's (LNC) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $66.71
- Current price
- $37.53
- AI upside
- +77.75%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$13.80
-63.23% upside
Graham-Dodd
$51.50
+37.21% upside
Graham Formula
$59.78
+59.29% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| LNC | Lincoln National Corporat… | $37.53 | 6.52B | +78% | -63% | +37% | +59% | 5.35 | 0.58 | 0.35 | 1.96 | — | 0.65 | 57.34% | 7.35% | 6.46% | 12.28% | -53.22% | 0.29% | 0.57 | 5.89 | — | — | -2.07 | -6828.00% | 124.00% | -9168.00% | -2.65% | — | 7.55% | 6.60% | 35.30% | 66.74% | 2.29 | -18.36 | 0.17 | 0.12 |
| AXS | AXIS Capital Holdings Lim… | $105.72 | 8.14B | -20% | -53% | +6% | +104% | 8.29 | 1.32 | 1.27 | 6.69 | — | 1.37 | 49.90% | 18.67% | 15.37% | 16.21% | 27.66% | 3.11% | 0.25 | 18.39 | — | — | 0.22 | 0.00% | 905.00% | -10222.00% | -0.49% | — | -1.12% | 2.07% | 17.10% | 12.69% | 7.05 | -211.12 | 1.32 | 1.41 |
| EQH | Equitable Holdings, Inc. | $40.22 | 11.52B | +117% | -60% | — | — | -8.75 | -163.11 | 1.03 | 120.56 | — | -2.24 | 79.14% | -10.23% | -11.83% | -182.66% | 1.36% | -0.45% | -61.78 | -5.33 | 25.50 | 111.88 | 133.02 | -22778.00% | -621.00% | 7199.00% | 21.16% | 1.83 | -3.36% | 0.00% | 0.00% | 1066.37% | 97.92 | -45.74 | -10.01 | 0.21 |
| JXN | Jackson Financial Inc. | $109.48 | 7.44B | +18% | -59% | -12% | -58% | — | 0.79 | 1.17 | -297.35 | — | 0.79 | 85.47% | -1.71% | 0.40% | 0.00% | 0.39% | 0.00% | 0.20 | -1.14 | 0.38 | 0.38 | 262.43 | -10204.00% | 11614.00% | -60.00% | 73.47% | 0.38 | -48.72% | 2.85% | — | 66.05% | -36.52 | 0.72 | 0.62 | 0.03 |
| PRI | Primerica, Inc. | $253.66 | 8.1B | +2% | -37% | -25% | +12% | 11.22 | 3.45 | 2.61 | 6.28 | 16.72 | 3.51 | 80.52% | 30.21% | 23.29% | 31.93% | 53.22% | 5.08% | 0.76 | 40.68 | — | — | 1.11 | 6710.00% | 443.00% | 820.00% | 10.69% | — | 63.84% | 0.00% | 0.00% | 1.81% | 6.44 | 6.96 | 1.95 | 1.38 |
| PRU | Prudential Financial, Inc… | $98.38 | 34.24B | +31% | -59% | -41% | — | 9.83 | 1.08 | 0.58 | 8.61 | 27.11 | 3.89 | 42.04% | 7.87% | 5.88% | 11.86% | 32.97% | 0.47% | 1.03 | 2.27 | — | — | 2.76 | 3627.00% | -1401.00% | -2624.00% | 17.83% | — | 55.40% | 5.48% | 53.90% | 8.32% | 8.84 | 6.75 | 0.70 | 0.23 |
| PSEC | Prospect Capital Corporat… | $2.72 | 1.31B | +828% | -61% | — | +5,556% | -2.45 | 0.39 | -4.16 | -6.80 | — | 0.39 | 147.00% | 169.75% | 169.75% | -14.03% | -8.47% | -6.41% | 0.70 | -3.61 | 0.51 | 0.50 | -4.34 | -47500.00% | -15923.00% | 8686.00% | 45.42% | 5.57 | 9.43% | 28.86% | -70.70% | 55.98% | -6.80 | 6.10 | -11.54 | -0.35 |
| SYF | Synchrony Financial | $69.11 | 24.89B | -8% | -20% | +3% | -93% | 6.92 | 1.47 | 1.28 | 4.37 | 79.90 | 1.74 | 51.04% | 24.17% | 18.58% | 21.30% | 24.60% | 2.98% | 0.91 | 1.12 | 0.21 | 0.21 | 0.04 | 865.00% | -791.00% | 3.00% | 40.11% | 0.12 | 68.22% | 2.08% | 14.40% | 16.26% | 4.85 | 2.28 | 1.17 | 0.08 |
| VOYA | Voya Financial, Inc. | $66.88 | 6.36B | +7% | -45% | -23% | -83% | 9.99 | 1.32 | 0.87 | 28.39 | 410.94 | -2.85 | 51.84% | 3.48% | 8.72% | 14.60% | -3.73% | 0.38% | 0.42 | 2.23 | 20.38 | 20.38 | 3.36 | 243.00% | -688.00% | 4138.00% | 19.71% | 2.20 | -21.01% | 3.35% | 33.50% | 24.98% | 28.39 | 5.75 | 0.99 | 0.16 |
| ZION | Zions Bancorporation, Nat… | $57.28 | 8.46B | -30% | -15% | -22% | -23% | 9.51 | 1.19 | 1.73 | -4.36 | 44.43 | 1.40 | 67.05% | 23.77% | 18.18% | 13.51% | -19.67% | 1.01% | 0.64 | 0.75 | 6.04 | 6.04 | 3.02 | 2141.00% | -98.00% | -666.00% | 11.47% | 0.36 | -21.47% | 3.12% | 29.70% | 3.60% | -4.79 | -5.74 | -1.14 | 0.49 |
About Lincoln National Corporation
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers fixed, variable, and indexed variable annuities. The Retirement Plan Services segment provides employers with retirement plan products and services primarily in the defined contribution retirement plan marketplace. This segment offers individual and group variable annuities, group fixed annuities, and mutual fund-based programs; and a range of plan services, including plan recordkeeping, compliance testing, participant education, and trust and custodial services. The Life Insurance segment provides life insurance products, including term insurance, such as single and survivorship versions of universal life insurance; variable universal life insurance; indexed universal life insurance products; and critical illness and long-term care riders. The Group Protection segment offers group non-medical insurance products comprising short and long-term disability, statutory disability and paid family medical leave administration and absence management services, term life, dental, vision and accident, and critical illness benefits and services to the employer marketplace through various forms of employee-paid and employer-paid plans. The company distributes its products through consultants, brokers, planners, agents, financial advisors, third-party administrators, and other intermediaries. Lincoln National Corporation was founded in 1905 and is based in Radnor, Pennsylvania.
- CEO
- Ellen R. Gail Cooper
- Employees
- 9.78K
- Beta
- 1.27
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($13.80 ÷ $37.53) − 1 = -63.23% (DCF, example).