LPL Financial Holdings Inc. (LPLA) P/E Ratio History
Fairly ValuedTrading at 26.9x, near 5Y avg of 23.7x · 65th percentile · In line with own history · Data 2011–2025
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P/E Ratio Analysis
As of June 21, 2026, LPL Financial Holdings Inc. (LPLA) trades at a price-to-earnings ratio of 26.9x, with a stock price of $293.95 and trailing twelve-month earnings per share of $10.73.
The current P/E is 14% above its 5-year average of 23.7x. Over the past five years, LPLA's P/E has ranged from a low of 14.8x to a high of 32.4x, placing the current valuation at the 65th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.6x, LPLA trades at a 98% premium to its sector peers. The sector includes 783 companies with P/E ratios ranging from 0.0x to 196.5x.
The PEG ratio of 2.03 (P/E divided by -22% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, LPLA trades roughly in line with the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our LPLA DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
LPLA Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
LPLA P/E vs Peers
Wealth Management Platforms peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $31B | 15.1 | 0.70 | +6% | |
| $11B | 12.5 | 1.75 | -6% | |
| $7M | 0.2Lowest | - | -68% | |
| $1B | 12.1 | - | +29% | |
| $161B | 19.7 | 1.15 | +56% | |
| $356B | 21.9 | 2.29 | +28% | |
| $45B | 12.9 | 0.53 | +10% | |
| $334M | 0.9 | 0.17Best | +138%Best | |
| $174B | 29.6 | 13.81 | -16% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
LPLA Historical P/E Data (2011–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Dec 31 2025 | $357.17 | $11.01 | 32.4x | -41% |
| FY2025 Q3 | - | $332.69 | $10.86 | 30.6x | -44% |
| FY2025 Q2 | Jun 30 2025 | $374.97 | $14.62 | 25.6x | -53% |
| FY2025 Q1 | Mar 31 2025 | $327.14 | $14.45 | 22.6x | -59% |
| FY2024 Q4 | - | $326.51 | $14.04 | 23.3x | -57% |
| FY2024 Q3 | Sep 30 2024 | $232.63 | $13.30 | 17.5x | -68% |
| FY2024 Q2 | Jun 30 2024 | $279.30 | $12.82 | 21.8x | -60% |
| FY2024 Q1 | Mar 31 2024 | $264.20 | $13.24 | 20.0x | -63% |
| FY2023 Q4 | Dec 31 2023 | $227.62 | $13.65 | 16.7x | -69% |
| FY2023 Q3 | Sep 30 2023 | $237.65 | $14.73 | 16.1x | -70% |
| FY2023 Q2 | Jun 30 2023 | $217.43 | $14.68 | 14.8x | -73% |
| FY2023 Q1 | Mar 31 2023 | $202.40 | $13.00 | 15.6x | -72% |
| FY2022 Q4 | Dec 31 2022 | $216.17 | $10.40 | 20.8x | -62% |
| FY2022 Q3 | Sep 30 2022 | $218.48 | $7.79 | 28.0x | -49% |
| FY2022 Q2 | - | $184.48 | $6.19 | 29.8x | -45% |
| FY2022 Q1 | - | $182.68 | $5.68 | 32.2x | -41% |
| FY2021 Q4 | Dec 31 2021 | $160.09 | $5.63 | 28.4x | -48% |
| FY2021 Q3 | - | $156.76 | $5.69 | 27.6x | -50% |
| FY2021 Q2 | Jun 30 2021 | $134.98 | $5.72 | 23.6x | -57% |
| FY2021 Q1 | Mar 31 2021 | $142.16 | $5.53 | 25.7x | -53% |
| FY2020 Q4 | - | $104.22 | $5.86 | 17.8x | -67% |
| FY2020 Q3 | Sep 30 2020 | $76.67 | $6.01 | 12.8x | -77% |
| FY2020 Q2 | - | $78.40 | $6.29 | 12.5x | -77% |
| FY2020 Q1 | - | $54.43 | $6.73 | 8.1x | -85% |
| FY2019 Q4 | - | $92.25 | $6.60 | 14.0x | -74% |
| FY2019 Q3 | Sep 30 2019 | $81.90 | $6.43 | 12.7x | -77% |
| FY2019 Q2 | Jun 30 2019 | $81.57 | $6.05 | 13.5x | -75% |
| FY2019 Q1 | Mar 31 2019 | $69.65 | $5.64 | 12.3x | -77% |
| FY2018 Q4 | Dec 31 2018 | $61.08 | $4.86 | 12.6x | -77% |
| FY2018 Q3 | Sep 30 2018 | $64.51 | $4.19 | 15.4x | -72% |
| FY2018 Q2 | Jun 30 2018 | $65.54 | $3.63 | 18.1x | -67% |
| FY2018 Q1 | Mar 31 2018 | $61.07 | $3.07 | 19.9x | -64% |
| FY2017 Q4 | Dec 31 2017 | $57.14 | $2.58 | 22.1x | -59% |
| FY2017 Q3 | Sep 30 2017 | $51.57 | $2.35 | 21.9x | -60% |
| FY2017 Q2 | Jun 30 2017 | $42.46 | $2.30 | 18.5x | -66% |
| FY2017 Q1 | Mar 31 2017 | $39.83 | $2.09 | 19.1x | -65% |
| FY2016 Q4 | Dec 31 2016 | $35.21 | $2.13 | 16.5x | -70% |
| FY2016 Q3 | Sep 30 2016 | $29.91 | $1.95 | 15.3x | -72% |
| FY2016 Q2 | - | $22.53 | $1.80 | 12.5x | -77% |
| FY2016 Q1 | - | $24.80 | $1.79 | 13.9x | -75% |
| FY2015 Q4 | - | $42.65 | $1.75 | 24.4x | -55% |
| FY2015 Q3 | Sep 30 2015 | $39.77 | $1.96 | 20.3x | -63% |
| FY2015 Q2 | - | $46.49 | $1.86 | 25.0x | -54% |
| FY2015 Q1 | - | $43.86 | $1.76 | 24.9x | -54% |
| FY2014 Q4 | Dec 31 2014 | $44.55 | $1.75 | 25.5x | -53% |
| FY2014 Q3 | - | $46.05 | $1.69 | 27.2x | -50% |
| FY2014 Q2 | Jun 30 2014 | $49.74 | $1.72 | 28.9x | -47% |
| FY2014 Q1 | Mar 31 2014 | $52.54 | $1.72 | 30.5x | -44% |
| FY2013 Q4 | - | $47.05 | $1.72 | 27.4x | -50% |
| FY2013 Q3 | Sep 30 2013 | $38.31 | $1.63 | 23.5x | -57% |
| FY2013 Q2 | Jun 30 2013 | $37.76 | $1.58 | 23.9x | -56% |
| FY2013 Q1 | Mar 31 2013 | $32.24 | $1.51 | 21.4x | -61% |
| FY2012 Q4 | Dec 31 2012 | $28.16 | $1.37 | 20.6x | -62% |
| FY2012 Q3 | Sep 30 2012 | $28.54 | $1.39 | 20.5x | -62% |
| FY2012 Q2 | Jun 30 2012 | $33.77 | $1.40 | 24.1x | -56% |
| FY2012 Q1 | Mar 31 2012 | $37.94 | $1.45 | 26.2x | -52% |
| FY2011 Q4 | Dec 31 2011 | $30.54 | $1.51 | 20.2x | -63% |
| FY2011 Q3 | Sep 30 2011 | $25.42 | $0.08 | 317.8x | +481% |
| FY2011 Q2 | - | $34.21 | $0.02 | 1710.5x | +3029% |
Average P/E for displayed period: 54.7x
Full Stock Analysis
Deep dive into LPLA consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
15+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
LPLA — Frequently Asked Questions
Quick answers to the most common questions about buying LPLA stock.
What is LPLA's P/E ratio?
LPL Financial Holdings Inc. (LPLA) trailing twelve-month P/E ratio is 26.9x, based on TTM diluted EPS of $10.73. The 5-year average P/E is 23.7x and the historical range spans 14.8x to 32.4x.
Is LPLA stock overvalued or undervalued?
LPLA trades at 26.9x P/E, near its 5-year average of 23.7x. The 65th percentile ranking within the 14.8x–32.4x historical range places valuation within normal bounds.
Is LPLA stock expensive?
LPLA is fairly valued relative to its own history. The current P/E of 26.9x is near the 5-year average of 23.7x (65th percentile of historical range).
What is LPLA's historical P/E range?
Over the past 5 years, LPLA's P/E ratio has ranged from 14.8x to 32.4x, with a median of 23.6x and an average of 23.7x. The current P/E of 26.9x places the stock at the 65th percentile of this range. Full historical data spans 2011–2025.
How does LPLA's P/E compare to the S&P 500?
LPLA trades at 26.9x P/E versus the S&P 500 median of 24.4x. The 10% premium to the market typically reflects higher expected earnings growth or quality.
How does LPLA's valuation compare to Financial Services peers?
LPL Financial Holdings Inc. P/E of 26.9x compares to the Financial Services sector median of 13.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is LPLA's PEG ratio?
LPLA PEG ratio is 2.03, based on a P/E of 26.9x and EPS growth of -22.2%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is LPLA's earnings yield?
LPLA earnings yield is 3.71%, the inverse of its 26.9x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.