LPL Financial Holdings Inc (LPLA) fair value: what the stock is really worth
We calculate from audited financials what LPL Financial Holdings Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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LPL Financial Holdings Inc
LPLA · USWeakest SetupStrongly overvalued and low quality.
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, dashed = 300-day average. As of Sep 18, 2026.
How to read this chart
60‑month range $124.59 – $397.54 · fair‑value band $77.59 – $175.34 · the $328.09 price screens above the $140.27 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 18, 2026.
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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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. 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 $328.09, while our model-based Fair Value estimate is $140.27, implying the stock looks roughly 133.9% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $223.24 per share, and 1 of the 9 models we run sit above the $328.09 price.
Bear case: the Dividend Discount group reads lowest at $19.00, and 8 of the 9 models stay below the price. Evidence for this calculation is high.
Scenario range: $77.59 (bear) to $175.34 (bull), the price of $328.09 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 $25.9B · P/E ratio 29.5 · P/S ratio 1.50 · EPS (TTM) $11.12 · Dividend yield 0.4% · Net margin 5.1% · Return on equity 20.5% · Return on assets (EBIT) 12.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −23% fair-value upside, at −57%, LPLA screens richer than that median.
Fair Value models
All 9 models by family
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Set up alert →Quality Score breakdown
Of which business quality 35 · Market factors (momentum, volatility) 57
Revenue & earnings trend
LPLA screens 134% overvalued. Compare with Morgan Stanley, a financial holding company, →
Recent news
- Claude for Financial Advisors Sparks Debate Among Analysts, Tech Providers
- LPL Financial Welcomes Horizon Wealth Management Group
- LPL Financial (LPLA) Stock May Be 28% Undervalued After CEO Exit News
- LPL Financial Group Managing Director Sells 308 Shares for $110,100
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 · 457 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)
- 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 |
|---|---|---|---|
| Morgan Stanley, a financial holding company, MS | $206.28 | $185.57 | −10% |
| The Goldman Sachs Group GS | $976.67 | $756.89 | −23% |
| The Charles Schwab Corporation SCHW | $107.79 | $102.31 | −5% |
| Interactive Brokers Group IBKR | $91.37 | $22.69 | −75% |
| Robinhood Markets, Inc HOOD | $104.42 | $47.18 | −55% |
| Macquarie Group MQG | A$239.64 | A$75.58 | −68% |
| CITIC Securities Company 600030 | ¥26.45 | ¥17.68 | −33% |
| Guotai Haitong Securities Co 601211 | ¥17.50 | ¥18.62 | +6% |
| East Money Information Co 300059 | ¥18.09 | ¥4.77 | −74% |
| CSC Financial Co 601066 | ¥23.19 | ¥35.84 | +55% |
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Key figures of LPL Financial Holdings Inc
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