Is Lincoln Electric Holdings, Inc. overvalued or undervalued?

As of 4 September 2025, the valuation grade for Lincoln Electric Holdings, Inc. moved from expensive to fair, indicating a more favorable assessment of its market position. The company appears fairly valued based on its current metrics. Key ratios include a P/E ratio of 37, an EV to EBITDA of 25.10, and a Price to Book Value of 14.24. In comparison to peers, Graco, Inc. has a P/E of 29.51, while Entegris, Inc. shows a P/E of 42.41, highlighting Lincoln Electric's relatively attractive valuation within its industry.
In terms of recent performance, Lincoln Electric has outperformed the S&P 500 on a year-to-date basis, returning 27.89% compared to the index's 12.22%. This strong performance, combined with its fair valuation, suggests that the company is well-positioned in the market.