LPL Financial Holdings Inc (LPLA) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of LPL Financial Holdings Inc stock $124, price $301, that is 58.9% below the price, quality 39 out of 100. Rating: strongly overvalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.
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LPL Financial Holdings Inc
LPLA · USOur calculation puts a fair price 59% below what the stock costs today.
Risks from the AI analysis
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $136.32 – $397.23 · fair‑value band $77.30 – $195.37 · the $300.89 price screens above the $123.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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Company profile
LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States.
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The company's brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance; and client cash programs consist of Federal Deposit Insurance Corporation (FDIC) insured bank sweep vehicles, and a client cash and money market account.
It also provides fee-based platforms that provide access to mutual funds, exchange traded funds, stocks, bonds, certain options strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities.
In addition, the company offers retirement solutions for commission and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors.
Further, it provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services for estates and families; an advisor-facing trading and portfolio rebalancing platform; insurance brokerage general agency services; and technology products, including proposal generation, investment analytics, and portfolio modeling.
The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.
Stock analysis
LPL Financial Holdings Inc (LPLA) currently trades at $300.89, while our model-based Fair Value estimate is $123.53, 59% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of $148.78 per share, and 1 of the 7 models we run sit above the $300.89 price.
Bear case: the Dividend Discount group reads lowest at $21.74, and 6 of the 7 models stay below the price. Data coverage for this calculation is high.
Scenario range: $77.30 (bear) to $195.37 (bull), the price of $300.89 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 39/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
LPL Financial Holdings Inc reported revenue of $17.0B in FY2025 versus $7.7B in FY2021, a compound +21.8%/yr. Reported net income was $863M in FY2025, compounding +17.0%/yr from FY2021.
Key figures
Market cap $24.1B Large · P/E ratio 17.2 · P/S ratio 1.21 · EPS (TTM) $17.45 · Dividend yield 0.4% · Net margin 7.0% · Return on equity 25.7% · Return on assets (EBIT) 12.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 56 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −12% fair-value upside, at −59%, LPLA screens richer than that median.
Fair Value models
All 7 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 4 officers or directors sold shares worth $2.2M and none bought.
- SaleKatharine ReepingPrincipal Accounting Officer440 shares at $347.88$153,050Sep 11, 2026
- SaleAneri JambusariaGroup Managing Director4× since Dec 1, 2025: 1,004 shares, avg. $325.46$326,761Aug 27, 202610b5-1 plan
- SaleGreg GatesGroup Managing Director2× since Dec 5, 2025: 4,869 shares, avg. $357.78$1.7MAug 20, 2026
- SaleMatthew EnyediGroup Managing Director2× since Feb 26, 2026: 3,109 shares, avg. $330.62$1.0MJul 31, 202610b5-1 plan
- SaleMatthew J AudettePresident and CFO2× since Feb 26, 2026: 3,160 shares, avg. $324.56$1.0MApr 15, 202610b5-1 plan
- SaleMarc Eliot CohenGroup Managing Director3,300 shares at $309.07$1.0MMar 10, 2026
- SaleRichard SteinmeierChief Executive Officer5,058 shares at $370.99$1.9MDec 5, 202510b5-1 plan
Plus 30 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗
Revenue & earnings trend
LPLA screens overvalued: fair value 59% below the price. Compare with Morgan Stanley →
Recent news
- LPL Financial (LPLA) Stock Gets Fair Value Trim As Analysts Weigh Growth And Integration
- LPL Financial Holdings (LPLA) Faces A Valuation Test After Earnings And Dividend Update
- Bell Global Equities Fund Pushes Back on AI Disruption Fears Surrounding LPL Financial Holdings (LPLA)
- LPL Financial Welcomes Anchor Financial Partners
Compare LPL Financial Holdings Inc with another stock
Price, fair value, quality and upside side by side.
Peer Groupⓘ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.Capital Markets · 384 stocks
Valuation Multiplesvs Capital Markets median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Return on equity by industry
- Quality Score by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Morgan Stanley MS | $182.44 | $260.72 | +43% | vs LPLA |
| The Charles Schwab Corporation SCHW | $92.58 | $117.60 | +27% | vs LPLA |
| Guotai Haitong Securities Co 601211 | ¥16.46 | ¥18.02 | +9% | vs LPLA |
| Nomura Holdings NMR | $9.51 | $10.20 | +7% | vs LPLA |
| The Goldman Sachs Group GS | $868.95 | $766.86 | −12% | vs LPLA |
| CITIC Securities Company 600030 | ¥25.72 | ¥20.42 | −21% | vs LPLA |
| Robinhood Markets, Inc HOOD | $78.39 | $47.60 | −39% | vs LPLA |
| Macquarie Group MQG | A$248.86 | A$123.84 | −50% | vs LPLA |
| East Money Information Co 300059 | ¥18.78 | ¥6.72 | −64% | vs LPLA |
| Interactive Brokers Group IBKR | $72.73 | $17.48 | −76% | vs LPLA |
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Key figures of LPL Financial Holdings Inc
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