Lead cyanamide PbNCN was synthesized by solid-state metathesis between PbCl2 and Na2NCN in a 1 : 1 molar ratio, and its structure was confirmed from Rietveld refinement of X-ray data. Electronic-structure calculations of HSE06 density-functional type reveal PbNCN to be an indirect semiconductor with a band gap of 2.4 eV, in remarkable quantitative agreement with the measured value. Mott-Schottky experiments demonstrate PbNCN to be a p-type semiconductor with a flat-band potential of 2.3 eV vs. the reversible hydrogen electrode (RHE) which is commonly used to estimate the value of the valence band edge position. Moreover, thin films of powderous PbNCN were assembled into a photoelectrode for photoelectrochemical water splitting. On the example of p-type PbNCN, this study provides the first experimental evidence that MNCN compounds can be applied as photocathodes for reductive reactions in photoelectrochemical cells.