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Stock Comparison · Valuation-led comparison

ABB vs Lincoln Electric Holdings: Which Stock Looks Stronger in 2026?

The structural profiles are close, with ABB carrying a narrow edge on valuation. Lincoln Electric still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup is broadly comparable for both — no clear directional signal from price behavior. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

Valuation points more clearly toward Lincoln Electric Holdings, Inc., even if the broader score still leans toward ABB Ltd.

Trajectory Similarity
0.80
Similar
Peer-set rank: #3
within ABB Ltd's functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

The pair sits on a clearly comparable long-term path, though it is not a near-twin match.

Most of the shared profile comes through investment intensity and margin consistency.

Similarity drivers
investment intensitymargin consistency
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
ABBN.SW
ABB Ltd
56
Peer-Score
Signal qualityMedium
vs
LECO
Lincoln Electric Holdings, Inc.
55
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: ABBN.SW vs LECO Profitability 70 46 Stability 53 55 Valuation 37 64 Growth 65 53 ABBN.SW LECO
Gap Ranking
#1 Valuation +27
#2 Profitability +24
#3 Growth +12
#4 Stability +2
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ABBN.SW and LECO Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ABBN.SWLECO Relative valuation Structural strength

ABB Ltd looks stronger, but the price setup still looks more supportive for Lincoln Electric Holdings, Inc..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
On valuation, Lincoln Electric Holdings, Inc. is positioned higher in the group, while ABB Ltd is closer to the middle.
Profitability
Both profiles are strong on profitability, but ABB Ltd leads clearly.
Valuation — Dominant Gap
ABBN.SW
37
LECO
64
Gap+27in favour of LECO

The peer-relative valuation gap is wide, with the stronger side also looking meaningfully cheaper.

What keeps the gap from being one-sided

Lincoln Electric Holdings, Inc. still looks less cycle-sensitive — that keeps the result from looking completely one-sided.

What this means for the comparison

The lead is built on both valuation and profitability — though valuation still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the ABBN.SW vs LECO comparison across all dimensions with the full interactive tool.

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Other comparisons with conflicting dimension signals

Explore how ABBN.SW and LECO each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.