Question 1

What is Linde's P/E ratio?

Accepted Answer

Linde (LIN) P/E ratio is 33.3× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Linde?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Linde specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

Is Linde's P/E ratio high or low?

Accepted Answer

Linde's P/E ratio of 33.3× is below its own 5-year average of 35.8× and above the sector median of 21.4×. That places the current reading at the 25th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Linde's historical P/E ratio range?

Accepted Answer

In the available daily series, Linde (LIN) P/E ratio has ranged from a low of 15.1× in 2008 to a high of 55.8× in 2020. The 5-year average is 35.8× and the 5-year median is 34.1×.

Question 7

What was Linde's P/E ratio in 2025?

Accepted Answer

Linde (LIN) P/E ratio at the end of 2025 was 28.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Linde's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$199B	$6.94B	28.6×	-1.7×	Dec 31, 2025
2024	$199B	$6.57B	30.3×	-1.7×	Dec 31, 2024
2023	$199B	$6.2B	32.1×	-6.7×	Dec 31, 2023
2022	$161B	$4.15B	38.8×	-7.5×	Dec 31, 2022
2021	$177B	$3.83B	46.3×	-9.0×	Dec 31, 2021
2020	$138B	$2.5B	55.3×	+5.2×	Dec 31, 2020
2019	$114B	$2.29B	50.0×	+33.7×	Dec 31, 2019
2018	$71.5B	$4.38B	16.3×	-19.3×	Dec 31, 2018
2017	$44.4B	$1.25B	35.6×	+13.3×	Dec 31, 2017
2016	$33.5B	$1.5B	22.3×	+3.4×	Dec 31, 2016
2015	$29.2B	$1.55B	18.9×	-3.3×	Dec 31, 2015
2014	$37.7B	$1.69B	22.2×	+0.4×	Dec 31, 2014
2013	$38.3B	$1.76B	21.8×	+2.6×	Dec 31, 2013
2012	$32.5B	$1.69B	19.2×	+0.1×	Dec 31, 2012
2011	$32B	$1.67B	19.2×	-5.3×	Dec 31, 2011
2010	$29.2B	$1.2B	24.5×	+4.8×	Dec 31, 2010
2009	$24.7B	$1.25B	19.7×	+4.6×	Dec 31, 2009
2008	$18.3B	$1.21B	15.1×	-8.8×	Dec 31, 2008
2007	$28.1B	$1.18B	23.9×	+4.5×	Dec 31, 2007
2006	$19.2B	$988M	19.4×	-4.2×	Dec 31, 2006
2005	$17.1B	$726M	23.6×	+3.0×	Dec 31, 2005
2004	$14.3B	$697M	20.6×	-0.7×	Dec 31, 2004
2003	$12.5B	$585M	21.3×	+4.2×	Dec 31, 2003
2002	$9.39B	$548M	17.1×	—	Dec 31, 2002


Solstice Advanced Materials (SOLS)	113.0×
Corteva (CTVA)	48.4×
Ecolab (ECL)	35.6×
Vulcan Materials (VMC)	32.1×
Freeport-McMoRan (FCX)	31.1×
Builders FirstSource (BLDR)	31.0×
Air Products and Chemicals (APD)	30.7×
Sherwin-Williams (SHW)	30.3×
Eastman Chemical (EMN)	21.8×
International Flavors & Fragrances (IFF)	21.8×
Avient (AVNT)	21.1×
Steel Dynamics (STLD)	20.6×
Agnico Eagle Mines (AEM)	19.0×
H.B. Fuller (FUL)	18.8×
Nucor (NUE)	16.9×
PPG Industries (PPG)	15.1×
Martin Marietta Materials (MLM)	14.0×
CRH (CRH)	13.9×
Newmont (NEM)	13.9×
CF Industries Holdings (CF)	11.4×
Mosaic (MOS)	11.1×

P/E Ratio for Linde (LIN) 2002-2026

P/E Ratio daily chart for Linde (LIN)

Historical P/E Ratio for Linde (LIN) from 2002 to 2025

About P/E Ratio at Linde (LIN)

Linde P/E Ratio by Year

Linde P/E Ratio 2025: 28.6×

Linde P/E Ratio 2024: 30.3×

Linde P/E Ratio 2023: 32.1×

Linde P/E Ratio 2022: 38.8×

Linde P/E Ratio 2021: 46.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Linde (LIN) Key Financials