A systemic density functional theory study of the lead-doped carbon clusters PbCn/PbCn+/PbCn− (n=1–10) has been carried out using B3LYP method with both CEP-31G and TZP+ basis sets. For each species, the electronic states, relative energies and geometries of various isomers are reported. According to these calculations, the Pb-terminated linear or quasilinear isomer is the most stable structure for PbCn/PbCn+/PbCn− clusters except for PbC2/PbC2+ and PbC10/PbC10+. Both PbC2 and PbC2+ have bent ground state structure. For neutral PbC10, the global minimum possesses a Pb-containing 11-membered ring structure, while for cationic PbC10+, the Pb-side-on C10 monocyclic configuration has lowest energy. Except for the smallest PbC, PbC+, and PbC−, the electronic ground state is alternate between Σ3 (for n-odd member) and Σ1 (for the n-even member) for linear PbCn and invariably Π2 for linear PbCn+ and PbCn−. The incremental binding energy diagrams show that strong even–odd alternations in the cluster stability exist for both neutral PbCn and anionic PbCn−, with their n-even members being much more stable than the corresponding odd n−1 and n+1 ones, while for cationic PbCn+, the alternation effect is less pronounced. These parity effects also reflect in the ionization potential and electron affinity curves. The even–odd alternation predicted by theoretical studies for anionic PbCn− is in good agreement with the even–odd alternation mass distribution observed in the time-of-flight mass spectra. By comparing with the fragmentation energies accompanying various channels, the most favorable dissociation channel for each kind of the PbCn/PbCn+/PbCn− clusters are given.