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$ 5.85BEnterprise Value
VS
Market
73
Sector
73
Industry
40
History
-
$ 40.06Close
$ 28.95 - $ 43.29 52-Week Range
Ticker Information

Ticker

LNC

Company Name

LINCOLN NATIONAL CORP

Sector

Financial Services

Industry

Insurance - Life

Exchange

NYSE

LINCOLN NATIONAL CORP - Enterprise Value Chart Analysis (TTM)

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LNC - EV Historical data
DateCash and EquivalentsTotal DebtEnterprise ValueMarket Capitalization
6/30/2025$ 7.14B$ 5.77B$ 5.85B$ 7.22B
3/31/2025$ 4.28B$ 5.87B$ 7.28B$ 5.7B
12/31/2024$ 5.8B$ 6.16B$ 6.75B$ 6.4B
9/30/2024$ 6.01B$ 6.2B$ 6.1B$ 5.92B
6/30/2024$ 5.47B$ 6.17B$ 6.49B$ 5.8B
3/31/2024$ 4.12B$ 6.23B$ 6.69B$ 4.58B
12/31/2023$ 3.37B$ 5.95B$ 7.17B$ 4.59B
9/30/2023$ 2.53B$ 5.91B$ 7.3B$ 3.92B
6/30/2023$ 3.77B$ 6.45B$ 7.44B$ 4.75B
3/31/2023$ 3.77B$ 6.47B$ 6.12B$ 3.42B
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Key Performance Insights, Last 5 Years

  • LINCOLN NATIONAL CORP's latest trailing twelve months (TTM) EV stands at $ 11.06B.
  • Over the past 5 years, LINCOLN NATIONAL CORP's average EV has been $ 10.45B.
  • The median EV for LINCOLN NATIONAL CORP during this period was $ 8.19B
  • LINCOLN NATIONAL CORP reached its highest EV over the past 5 years at $ 18.3B.
  • The lowest EV recorded by LINCOLN NATIONAL CORP in the same timeframe $ 5.85B

LINCOLN NATIONAL CORP's EV vs. competitors

We picked the following companies as peers based on multiple factors, including sector, industry, market capitalization and revenue

EV Benchmarks
CompanyEV
JXN : JACKSON FINANCIAL INC $ 8.08BUNM : UNUM GROUP $ 14.66BPRI : PRIMERICA INC $ 8.3BFG : F&G ANNUITIES & LIFE INC $ 4.94BGNW : GENWORTH FINANCIAL INC $ 2.95BVOYA : VOYA FINANCIAL INC $ 8.7BGL : GLOBE LIFE INC $ 13.99BCNO : CNO FINANCIAL GROUP INC $ 6.89BBHF : BRIGHTHOUSE FINANCIAL INC $ 159.42MAXS : AXIS CAPITAL HOLDINGS LTD $ 7.67B

Definition of Enterprise Value

[Calculation] Enterprise value (EV) refers to the total value of a business and is frequently used as a more elaborate substitute for market capitalization. EV is calculated as a company's [MarketCap] plus its [Debt] minus cash and cash equivalents [CashnEq].
Market Cap + Debt - CashnEq
(=) EV
EV for LINCOLN NATIONAL CORP is calculated as follows: Market Cap [ $ 6.94B ] + Debt [ $ 6.71B ] - CashnEq [ $ 2.6B ]
(=) EV [ $ 11.06B ]

LNC - Enterprise Value, Last 5 years

$ 5.85B

Minimum

Jun 30, 2025

$ 18.3B

Maximum

Mar 31, 2021

$ 10.45B

Average

$ 8.19B

Median

EV Benchmark Analysis

The chart above depicts the distribution of EV for companies in the Total Stock Market. The average EV of the companies is $ 1.25B with a standard deviation of $ 1.67B.
The following table provides additional summary stats:
EV in the Market:
filtered constituents3.32K
min$ -1.69B
max$ 6.88B
average$ 1.25B
median$ 439.6M
std$ 1.67B