Lincoln Electric Holdings Inc (LECO) is overvalued and Stanley Black & Decker Inc (SWK) is slightly overvalued.
Both trade above our estimate of their intrinsic value. SWK is the closer of the two: -19%, against -40% for LECO.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 10.3% (average of 3 methods) values the shares at $187.86; the price of $262.99 is 40% above that value, and 72% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 9.2% (average of 3 methods) values the shares at $77.17; the price of $92.13 is 19% above that value, and 75% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | LECO | SWK |
|---|---|---|
| Verdict | Overvalued | Slightly overvalued |
| Price | $262.99 | $92.13 |
| Intrinsic value | $187.86 | $77.17 |
| Margin of safety | -40% | -19% |
| Leak Score | 59/100 (3/12) | 0/100 (2/12) |
| Market cap | $14.3B | $13.9B |
| Revenue growth, 5 years | 9.8% | 3.0% |
| Operating margin | 17.6% | 9.2% |
| Net margin | 12.4% | 4.1% |
| Return on equity | 37.7% | 6.9% |
| Debt to equity | 0.80 | 0.53 |
| P/E | 26.3x | 22.5x |
| Forward P/E | 21.0x | 14.4x |
| P/B | 9.2x | 1.6x |
| Dividend yield | 1.2% | 3.6% |