Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products in the United States and internationally.
FAIL · Does not pass the screen
272.13 USD
Price as of 5 Nov 2026Daily close, not a live quote
Screened 2026-11-05 · the tape above runs as of 10:11 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
Key facts today
Price272.13 USD at the 5 Nov 2026 close
Our value readFair vs our fair value, as of 5 Nov 2026
Positioning no disclosures inside 60 days, left as found
Options put/call open interest 0.18, read 2026-11-03
Ethical does not pass the values gate
Price272.13 USD
Fair value283.57
Ethical score70.0/100
Value readFairas of 5 Nov 2026
Our investment reviews on this name
2026-11-03Read Markup276.92-1.7% to today Markdown gives way to Markup after a 5% rise in 12 days
2026-10-22Read Markdown262.57+3.6% to today Accumulation gives way to Markdown with results news in the headlines
2026-10-11Read Accumulation258.78+5.2% to today ✓Distribution gives way to Accumulation
2026-07-02Read Distribution258.25+5.4% to today First review on file: Distribution
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Lincoln Electric Holdings Inc holds its Markup at $272.13. The statistical read favours the sellers, held for 3 days.
As held on the ledger · 2026-11-05
Phase
Markup
Quantitative state
The statistical read favours the sellers, held for 3 days
Price at the screen
$272.13
Valuation
25.57 trailing · 20.47 forward price to earnings
Values screen
FAIL· score 70.0
Beta
1.22
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
34.18%
Below 33%
Interest-bearing debt is 34.2% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
22.44%
Below 49%
Money owed to the company is 22.4% of assets, under the 49% limit.
Pass
Revenue purity
0.16%
Below 5%
Only 0.2% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Lincoln Electric's business is in a permissible area, but its interest-bearing debt is about 34% of the company, just over the ~33% line, so it does not pass on the financial screens.
Read as at 2026-11-05. It updates when the underlying figures move, and past reads are kept below.
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Today LECO does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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What the Numbers Say It Is Worth
The Fair Value Range
Our analysis reads Fair vs our fair value, as of 5 Nov 2026: it trades at roughly a 1% discount to our $283.57 fair value, narrow competitive moat, 12.00% revenue growth.
Fair value range in USD, drawn from the 2026-11-05 screen. The gold marker is the market price at the same screen. A 4.0% discount to the base estimate.
Third-party analyst targets: 11 covering, consensus Buy. The average target sits +16% from the screen price.
Reading the gap · Our more conservative model reads it as roughly fairly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Where our models see it going: fair-value estimate $283.57, with a range of $214.20 to $326.10, dated to the 2026-11-05 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Welds Hold Industry Together Quietly
Every pipeline joint and factory frame depends on a reliable weld that holds under pressure. Lincoln Electric supplies the gear and consumables that make those joins possible across the Americas and beyond. Its 12 percent revenue growth, 38 percent return on equity and 12 percent profit margins show a business that converts demand into cash without drama.
A narrow moat and ethical screen that passes give it staying power in a fragmented market. The forward multiple of 21 times sits in line with the quality on show, and the modest 9 percent gap to our fair value leaves little room for error. Analysts see further upside, yet the opportunity rating stays at none.
Currency swings, cyclical construction spending and competition from lower-cost suppliers remain real threats. A narrow moat offers only limited protection if volumes turn. Analysis, not advice.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
LECO trades on NASDAQ. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-03Markup · changed$276.92+8.2%Entry 17
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 8.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 3% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (10 analysts) rates it buy, with a mean price target of $297.
2026-10-27Markdown$255.96+0.0%Entry 16
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 3% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (10 analysts) rates it buy, with a mean price target of $297. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-26Markdown$255.96+0.0%Entry 15
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 3% above its long-term trend line with momentum reading oversold. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (10 analysts) rates it buy, with a mean price target of $297. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-25Markdown$255.96+0.0%Entry 14
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (10 analysts) rates it buy, with a mean price target of $297. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-24Markdown$255.96-2.5%Entry 13
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 2.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (10 analysts) rates it buy, with a mean price target of $297. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-23Markdown$262.57+0.0%Entry 12
The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (10 analysts) rates it buy, with a mean price target of $297. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-22Markdown · changed$262.57+0.0%Entry 11
The framework has shifted from accumulation to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (10 analysts) rates it buy, with a mean price target of $297. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-21Accumulation$262.57+0.0%Entry 10
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (10 analysts) rates it buy, with a mean price target of $297. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-20Accumulation$262.57+0.0%Entry 9
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 0% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (10 analysts) rates it buy, with a mean price target of $297. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-18Accumulation$262.57+1.5%Entry 8
The analysis reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 1.5% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows good risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is holding around 5% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 26%. Our forward projection puts the odds of a 10% gain over the next month near 22%. The street (10 analysts) rates it buy, with a mean price target of $297.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
