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Lincoln Educational Services Corporation (LINC) Fair Value & Analysis

Consumer Defensive · US · Market cap $1.5B

LE Lincoln Educational Services Corporation logo Lincoln Educational Services Corporation LINC · US
Price$40.99
Fair Value$11.44
Upside-72.1%
Quality48/100
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Expensive Growth
Thin margins · 4.1% net margin
Low debt · negative free cash flow
Trails peers (4/13)
Narrow moat 40/100
Evidence: Medium Range $8.04 – $15.57 Share as image

Fair value as of: Jul 19, 2026

From 14 valuation models · updated 22 days ago

Fair value updated Jul 19, 2026, revised from $11.97 to $11.44 (−4.4%) since Jun 24, 2026. Share price −24.3% over the past month.

Below-average quality, and screening another 72% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($15.57). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range ($8.04 to $15.57) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$55.68 $4.69 Fair Value $11.44 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $4.69 – $55.68 · fair‑value band $8.04 – $15.57 · the $40.99 price screens above the $11.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

Lincoln Educational Services Corporation (LINC) currently trades at $40.99, while our model-based Fair Value estimate is $11.44, implying the stock looks roughly 72.1% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Lincoln Educational Services Corporation generated revenue of $545M at a net margin of 4.1%. Revenue grew 22.5% year over year. It earns a return on equity of 11.9%. Net debt stands at $175M. Fundamentals as of Jul 19, 2026

Our scenario range runs from $8.04 (bear case) to $15.57 (bull case); at $40.99, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 23% below its 52-week high and 137% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at 17% fair-value upside, at -72%, LINC screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income $5.20 $5.65 $6.83 76
ROIC Compounder $6.44 $7.60 $8.92 72
Growth-Adj P/E $8.38 $11.97 $15.57 68
All 14 models by family
Earnings-Based
Graham-Dodd $4.29 $12.53 $16.55 54
Lynch FV $2.61 $3.73 $4.84 50
PEG = 1.0 $2.61 $3.73 $4.84 46
EPV $6.42 $7.24 $7.92 59
Multiples
P/E Multiple $10.40 $13.87 $17.34 63
P/S Multiple $8.04 $10.72 $13.40 58
P/B Multiple $8.04 $10.72 $13.40 55
EV/EBIT $13.15 $17.39 $21.63 53
EV/EBITDA $14.34 $18.98 $23.62 54
EV/Revenue $9.00 $12.68 $16.35 43
Asset-Based
NCAV (Graham) $3.15 $4.22 $6.30 50
Economic Profit
Residual Income $5.20 $5.65 $6.83 76
ROIC Compounder $6.44 $7.60 $8.92 72
Growth Earnings
Growth-Adj P/E $8.38 $11.97 $15.57 68

Widest divergence: Multiples ($12.68) versus Earnings-Based ($3.73). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $545M
Revenue growth (YoY) +22.5%
Net margin 4.1%
Return on equity 11.9%
Free cash flow −$27.4M FY2025
P/E ratio 67.3
More key figures
Operating margin 4.5%
EPS (TTM) $0.7200
EPS growth (YoY) +133%
Net debt $175M FY2025

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 52 · Market factors (momentum, volatility) 72

Profitability 57
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 22
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 41
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented postsecondary education services to high school graduates and working adults in the United States. It operates in two segments, Campus Operations and Transitional.

Full company description

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented postsecondary education services to high school graduates and working adults in the United States. It operates in two segments, Campus Operations and Transitional. The company offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; and health science and information technology programs. It operates schools under the Lincoln Technical Institute, Lincoln College of Technology, and Nashville Auto Diesel College brands. Lincoln Educational Services Corporation was founded in 1946 and is headquartered in Parsippany, New Jersey.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lincoln Educational Services Corporation reported revenue of $518M in FY2025 versus $335M in FY2021, a compound +11.5%/yr. Reported net income was $20.0M in FY2025, compounding −12.9%/yr from FY2021.

Growth Quality 54/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$518M
Latest YoY
+17.8%
Avg. growth/yr (3Y)
+14.2%
Avg. growth/yr (5Y)
+12.1%
Avg. growth/yr (24Y)
+6.8%
Revenue +11.5%/yr
FY21 $335M
FY22 $348M
FY23 $378M
FY24 $440M
FY25 $518M
Net income −12.9%/yr
FY21 $34.7M
FY22 $12.6M
FY23 $26.0M
FY24 $9.9M
FY25 $20.0M

LINC screens 72% overvalued. Compare with New Oriental Education & Technology Group →

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Cite: Fair Value Calculator (2026). "Lincoln Educational Services Corporation Fair Value". https://www.fairvalue-calculator.com/stock/LINC

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Education & Training Services · 148 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 48 · Below median
Fair Value upside −72% · Bottom 25%
Return on equity (TTM) 12% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 23% · Top 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Education & Training Services median · lower = cheaper

P/E (TTM) 67.3× · Pricier than 75% of peers
P/B 7.69× · Pricier than 75% of peers
P/S (TTM) 2.82× · Pricier than 75% of peers
EV/EBITDA 26.8× · Pricier than 75% of peers
PEG 4.09× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 37
FUTURE 100 · sector 24
PAST 48 · sector 18
HEALTH 96 · sector 95
DIVIDEND 0 · sector 66

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Education & Training Services stocks, each showing price versus our Fair Value estimate (as of Jul 19, 2026).

Stock Price Fair Value vs Fair Value
New Oriental Education & Technology Group EDUN 966.48 MXN 897.37 MXN -7%
TAL Education Group TAL $10.24 $15.60 +52%
Laureate Education, Inc LAUR $36.45 $41.45 +14%
Physicswallah Limited PWL ₹131.59 ₹14.81 -89%
Grand Canyon Education, Inc LOPE $149.00 $152.01 +2%
Covista Inc CVSA $116.22 $135.45 +17%
Stride, Inc LRN $83.39 $139.45 +67%
Universal Technical Institute, Inc UTI $40.33 $21.35 -47%
Perdoceo Education Corporation PRDO $31.66 $41.45 +31%
Strategic Education, Inc STRA $84.18 $105.48 +25%

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Frequently asked questions

Is Lincoln Educational Services Corporation (LINC) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of $11.44 versus a price of $40.99, about −72% (overvalued).
What is the fair value of LINC?
Our model-based fair value for Lincoln Educational Services Corporation is $11.44 (as of Jul 19, 2026), built from audited fundamentals. The current price is $40.99.
What is the quality score of LINC?
Lincoln Educational Services Corporation has a Quality Score of 48/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Lincoln Educational Services Corporation (LINC)?
Lincoln Educational Services Corporation reported trailing-twelve-month revenue of about $545M (latest available figure, as of Jul 19, 2026).
What is the net profit margin of LINC?
The net profit margin of Lincoln Educational Services Corporation is about 4.1%, meaning it keeps roughly 4.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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