Stocktoria

Linde plc LIN.DE

DE · Deutsche Börse Xetra · XETR · stock

Linde plc statistics & valuation

Market cap$192.0B
P / E27.8×
P / S5.7×
P / B5.0×
P / FCF37.7×
Dividend yield1.46%
Net margin20.3%
Return on equity18.0%
FCF margin15.0%
Net debt$23.0B
Enterprise value$244.7B
Earnings yield EBIT/EV4.3%
Return on capital12.9%
Graham number -60.4%$165.14

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($165.14); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
12.40% 18.90% 19.90% 20.30% 2022202320242025
Gross margin (%)
41.70% 46.80% 48.10% 48.80% 2022202320242025
Operating margin (%)
19.40% 24.70% 26.00% 27.20% 2022202320242025
Return on equity (%)
10.40% 15.60% 17.20% 18.00% 2022202320242025
Shares outstanding
461.0M 461.0M 461.0M 461.0M 2022202320242025
Net debt ($)
$13.36B $15.65B $17.76B $23.01B 2022202320242025
Share buybacks ($)
$5.17B $3.96B $4.48B $4.60B 2022202320242025
Return on assets (%)
5.20% 7.70% 8.20% 7.90% 2022202320242025
Free cash flow margin (%)
17.10% 16.80% 14.90% 15.00% 2022202320242025
Debt / equity (×)
0.47× 0.51× 0.59× 0.73× 2022202320242025
EPS ($)
$8.23 $12.59 $13.62 $14.61 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Linde plc trades at about 28.5× earnings — near its 10-year norm (10-year range 26.1×–36.8×, median 31.5×).

26.1× 36.8×

Shaded band = 10-year range (26.1×–36.8×); dot = today's 28.5×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin48.8%48.1%46.8%41.7%
Operating margin27.2%26.0%24.7%19.4%
Net margin20.3%19.9%18.9%12.4%
FCF margin15.0%14.9%16.8%17.1%
Return on assets7.9%8.2%7.7%5.2%
Return on equity18.0%17.2%15.6%10.4%
Debt / equity0.54×0.40×0.34×0.30×
Current ratio0.880.890.800.79

Computed from company filings · DE · as of 2025-12-31. Figures in USD. Facts plus Stocktoria's own computed scores — not investment advice.