Stocktoria

LINDE PLC LIN

Nasdaq · stock · Industrial Inorganic Chemicals · website · IPO 2018-10-31

LINDE PLC statistics & valuation

Market cap$240.4B
P / E34.8×
P / S7.1×
P / B6.1×
P / FCF47.2×
Dividend yield1.17%
Net margin20.3%
Return on equity17.4%
FCF margin15.0%
Net debt$17.4B
Net debt / EBITDA1.4×
Enterprise value USD$257.8B
EV / EBITDA20.3×
Earnings yield EBIT/EV3.5%
Return on capital12.5%
Graham number -65.3%$166.30

Market cap as of 2026-06-29. 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 ($166.30); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
11.00% 29.50% 8.10% 9.20% 12.40% 12.40% 18.90% 19.90% 20.30% 201720182019202020212022202320242025
Gross margin (%)
201720182019202020212022202320242025
Operating margin (%)
21.50% 35.40% 10.40% 12.20% 16.20% 16.10% 24.40% 26.20% 26.30% 201720182019202020212022202320242025
Return on equity (%)
19.20% 7.70% 4.40% 5.00% 8.40% 10.00% 15.10% 16.60% 17.40% 201720182019202020212022202320242025
Shares outstanding
578.2M 547.2M 545.2M 531.2M 521.9M 504.0M 492.3M 482.1M 472.2M 201720182019202020212022202320242025
Net debt ($)
$8.14B $9.35B $9.52B $9.15B $10.22B $8.36B $10.00B $12.55B $17.42B 201720182019202020212022202320242025
Share buybacks ($)
201720182019202020212022202320242025
Return on assets (%)
6.10% 4.70% 2.60% 2.80% 4.70% 5.20% 7.70% 8.20% 7.90% 201720182019202020212022202320242025
Free cash flow margin (%)
15.20% 11.90% 8.60% 14.80% 21.60% 17.10% 16.80% 14.90% 15.00% 201720182019202020212022202320242025
Debt / equity (×)
1.35× 0.24× 0.24× 0.26× 0.29× 0.33× 0.36× 0.44× 0.57× 201720182019202020212022202320242025
EPS ($)
$2.16 $13.11 $4.19 $4.71 $7.33 $8.23 $12.59 $13.62 $14.61 201720182019202020212022202320242025

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 32.8× earnings — below its 10-year norm (10-year range 12.4×–74.8×, median 40.2×).

12.4× 74.8×

Shaded band = 10-year range (12.4×–74.8×); dot = today's 32.8×.

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating margin26.3%26.2%24.4%16.1%16.2%12.2%10.4%35.4%21.5%
Net margin20.3%19.9%18.9%12.4%12.4%9.2%8.1%29.5%11.0%
FCF margin15.0%14.9%16.8%17.1%21.6%14.8%8.6%11.9%15.2%
Return on assets7.9%8.2%7.7%5.2%4.7%2.8%2.6%4.7%6.1%
Return on equity17.4%16.6%15.1%10.0%8.4%5.0%4.4%7.7%19.2%
Debt / equity0.57×0.44×0.36×0.33×0.29×0.26×0.24×0.24×1.35×
Current ratio0.880.890.800.790.740.800.851.330.99

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