US · LPLA
LPL Financial Holdings Inc.
- Sector
- Financial Services · Financial - Capital Markets
- Headquarters
- San Diego, CA 92121
- Website
- lpl.com
Price · as of 2025-12-31
$318.63
Market cap 24.05B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $238.67 | -25.09% |
| Intrinsic Value(DCF) | $5,821.22 | +1,726.95% |
| Graham-Dodd Method(GD) | $71.16 | -77.67% |
| Graham Formula(GF) | $479.47 | +50.48% |
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 | $27.93 | $324.03 | $41.44 | $7.96 | $30.53 |
| 2012 | $26.91 | $36.27 | $66.69 | $0.00 | $18.19 |
| 2013 | $45.33 | $41.52 | $163.40 | $0.00 | $36.05 |
| 2014 | $39.47 | $35.37 | $64.36 | $0.00 | $24.05 |
| 2015 | $19.95 | $30.64 | $3.49 | $0.00 | $10.68 |
| 2016 | $35.83 | $38.91 | $4.73 | $0.00 | $6.80 |
| 2017 | $61.21 | $59.69 | $6.35 | $0.00 | $36.30 |
| 2018 | $68.13 | $74.24 | $117.12 | $4.04 | $141.68 |
| 2019 | $63.91 | $88.03 | $270.87 | $13.09 | $109.64 |
| 2020 | $139.85 | $116.49 | $194.25 | $12.34 | $73.59 |
| 2021 | $153.93 | $109.12 | $594.59 | $14.07 | $219.38 |
| 2022 | $228.42 | $144.33 | $661.32 | $44.56 | $201.72 |
| 2023 | $261.85 | $180.00 | $1,367.67 | $54.30 | $335.95 |
| 2024 | $332.77 | $177.10 | $1,779.80 | $62.97 | $429.63 |
| 2025 | $306.00 | $238.67 | $5,551.94 | $71.16 | $479.47 |
AI valuation
Our deep-learning model estimates LPL Financial Holdings Inc.'s (LPLA) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $238.67
- Current price
- $318.63
- AI upside
- -25.09%
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
$5,821.22
+1,726.95% upside
Graham-Dodd
$71.16
-77.67% upside
Graham Formula
$479.47
+50.48% 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 |
| LPLA | LPL Financial Holdings In… | $318.63 | 24.05B | -25% | +1,727% | -78% | +50% | 27.90 | 4.50 | 1.42 | 13.84 | — | -38.15 | 25.59% | 13.45% | 5.08% | 20.86% | 17.92% | 5.43% | 1.36 | 5.66 | 2.42 | 1.89 | 2.85 | -2217.00% | 3718.00% | 24455.00% | -4.08% | -0.11 | -10.26% | 0.39% | 10.90% | 0.95% | 13.22 | -30.77 | 1.78 | 3.20 |
| EVR | Evercore Inc. | $308.84 | 11.95B | -1% | +280% | -81% | +57% | 23.58 | 6.87 | 3.60 | 14.13 | 43.08 | 7.88 | 98.00% | 21.24% | 15.26% | 31.66% | 71.09% | 12.42% | 0.57 | 33.96 | 2.16 | 2.12 | -0.32 | 5474.00% | 2949.00% | 2342.00% | 8.47% | 0.70 | 126.38% | 1.03% | 24.40% | 7.60% | 14.69 | 10.24 | 3.12 | 5.13 |
| HLI | Houlihan Lokey, Inc. | $163.77 | 11.48B | -6% | -27% | -96% | +18% | 28.84 | 5.30 | 4.82 | 18.12 | 69.31 | 17.01 | 38.50% | 20.99% | 16.73% | 19.93% | 25.17% | 11.44% | 0.20 | — | 1.38 | 1.38 | -0.89 | 4161.00% | 2481.00% | 20907.00% | 7.02% | 0.75 | 53.96% | 1.43% | 41.30% | 3.86% | 21.58 | 13.38 | 4.53 | 5.91 |
| LAZ | Lazard Ltd | $50.60 | 4.8B | +106% | -48% | -58% | -46% | 20.91 | 5.67 | 1.55 | 13.04 | — | 10.35 | 31.79% | 13.03% | 7.43% | 31.37% | 20.99% | 4.87% | 2.95 | 4.74 | 29.35 | 31.84 | 2.39 | -1903.00% | 325.00% | -2755.00% | 10.20% | 6.66 | 33.32% | 0.00% | 0.00% | 1.84% | 14.11 | 11.60 | 1.84 | 2.65 |
| MC | Moelis & Company | $59.36 | 4.39B | +75% | +94% | -61% | +78% | 19.20 | 7.87 | 2.95 | 11.69 | 29.47 | 7.87 | 99.22% | 18.06% | 15.36% | 46.14% | 139.08% | 14.94% | 0.00 | — | 65.09 | 65.09 | -1.50 | 6517.00% | 2698.00% | 2999.00% | 12.07% | 63.50 | 345.89% | 0.00% | 0.00% | 7.14% | 14.48 | 7.35 | 2.62 | 3.68 |
| MKTX | MarketAxess Holdings Inc. | $192.00 | 7.14B | -8% | -42% | -70% | -59% | 28.67 | 6.17 | 8.33 | 14.99 | — | 9.41 | 69.88% | 41.21% | 29.04% | 19.46% | 28.13% | 13.71% | 0.25 | 235.35 | 1.84 | 1.76 | -0.52 | -852.00% | 382.00% | -36.00% | 5.29% | 0.65 | 44.67% | 0.00% | 0.00% | 5.94% | 19.39 | 18.15 | 7.99 | 9.15 |
| PIPR | Piper Sandler Companies | $295.55 | 5.27B | +51% | +784% | -42% | +103% | 18.02 | 3.46 | 2.66 | 13.15 | 33.07 | 3.46 | 93.61% | 20.25% | 14.77% | 20.91% | 26.23% | 24.94% | 0.00 | 79.64 | — | — | 0.00 | 5449.00% | 2855.00% | -10000.00% | 0.00% | — | 0.00% | 0.00% | 0.00% | 0.00% | 13.15 | — | 2.66 | — |
| PJT | PJT Partners Inc. | $147.68 | 3.59B | +5% | +78% | -73% | +5% | 21.18 | 12.38 | 2.23 | 7.81 | 59.22 | 34.95 | 53.04% | 23.16% | 10.51% | 72.74% | -414.56% | 10.36% | 0.00 | — | 69.35 | 69.35 | -1.28 | 3577.00% | 1477.00% | 0.00% | 13.83% | 39.04 | -610.16% | 0.00% | 0.00% | 10.73% | 8.26 | 6.21 | 1.91 | 5.28 |
| PWP | Perella Weinberg Partners | $18.51 | 1.19B | +127% | -60% | — | — | 24.96 | -9.41 | 1.60 | 17.91 | — | -5.64 | 97.23% | 6.39% | 4.72% | -17.50% | -13.31% | 5.73% | -2.78 | — | 1.15 | 1.15 | 1.35 | -14508.00% | -1448.00% | -8528.00% | 2.54% | 0.13 | -9.07% | 1.91% | 47.70% | 4.72% | 26.99 | 42.52 | 1.73 | 2.31 |
| RJF | Raymond James Financial, … | $153.08 | 30.23B | -35% | +33% | -50% | +9% | 15.38 | 2.63 | 2.06 | 4.02 | 248.68 | 3.08 | 88.16% | 28.66% | 13.42% | 17.66% | -150.25% | 2.49% | 0.36 | 2.47 | 0.32 | 0.35 | -1.44 | 619.00% | 794.00% | 1518.00% | 6.84% | 0.04 | -94.05% | 1.27% | 19.50% | 5.12% | 4.19 | 8.51 | 1.20 | 0.22 |
| SF | Stifel Financial Corp. | $74.05 | 11.46B | -1% | +57% | +4% | +33% | 11.36 | 1.30 | 1.23 | 5.12 | — | 1.76 | 86.56% | 13.83% | 10.86% | 11.72% | 16.19% | 1.68% | 0.14 | 1.07 | 4.49 | 6.49 | -1.50 | -592.00% | 694.00% | 15320.00% | 13.58% | 1.31 | 24.98% | 0.00% | 0.00% | 19.25% | 5.48 | 4.53 | 0.76 | 0.58 |
| TW | Tradeweb Markets Inc. | $123.26 | 26.2B | -9% | -52% | -78% | -19% | 32.26 | 4.03 | 12.78 | 17.11 | 52.43 | 11.87 | 87.81% | 40.30% | 39.60% | 13.21% | 14.11% | 10.52% | 0.04 | 426.12 | 4.94 | 4.94 | -1.27 | 6154.00% | 1892.00% | 3155.00% | 4.30% | 2.46 | 24.51% | 0.39% | 12.60% | 2.70% | 29.52 | 21.66 | 11.90 | 16.86 |
About LPL Financial Holdings Inc.
LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and auction rate notes. The company also provides advisory platforms that provide access to mutual funds, exchange-traded funds, stocks, bonds, certain option strategies, unit investment trusts, and institutional money managers and no-load multi-manager variable annuities. In addition, it offers money market programs; and retirement solutions for commission-and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, the company provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services to trusts for estates and families, as well as insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.
- CEO
- Richard Steinmeier
- Employees
- 9.12K
- Beta
- 0.56
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($5,821.22 ÷ $318.63) − 1 = +1,726.95% (DCF, example).