Question 1

What is Linde's P/S ratio?

Accepted Answer

Linde (LIN) P/S ratio is 6.8× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Linde?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Linde specifically, the relevant sector benchmark is the current sector median of 1.8×.

Question 5

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

Accepted Answer

Linde's P/S ratio of 6.8× is above its own 5-year average of 5.8× and above the sector median of 1.8×. That places the current reading at the 89th 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/S ratio range?

Accepted Answer

In the available daily series, Linde (LIN) P/S ratio has ranged from a low of 1.6× in 2002 to a high of 7.4× in 2026. The 5-year average is 5.8× and the 5-year median is 5.8×.

Question 7

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

Accepted Answer

Linde (LIN) P/S ratio at the end of 2025 was 5.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$34B	5.8×	-0.2×	Dec 31, 2025
2024	$199B	$33B	6.0×	-0.0×	Dec 31, 2024
2023	$199B	$32.9B	6.1×	+1.2×	Dec 31, 2023
2022	$161B	$33.4B	4.8×	-0.9×	Dec 31, 2022
2021	$177B	$30.8B	5.8×	+0.7×	Dec 31, 2021
2020	$138B	$27.2B	5.1×	+1.0×	Dec 31, 2020
2019	$114B	$28.2B	4.0×	-0.8×	Dec 31, 2019
2018	$71.5B	$14.9B	4.8×	+0.9×	Dec 31, 2018
2017	$44.4B	$11.4B	3.9×	+0.7×	Dec 31, 2017
2016	$33.5B	$10.5B	3.2×	+0.5×	Dec 31, 2016
2015	$29.2B	$10.8B	2.7×	-0.4×	Dec 31, 2015
2014	$37.7B	$12.3B	3.1×	-0.1×	Dec 31, 2014
2013	$38.3B	$11.9B	3.2×	+0.3×	Dec 31, 2013
2012	$32.5B	$11.2B	2.9×	+0.0×	Dec 31, 2012
2011	$32B	$11.3B	2.8×	-0.0×	Dec 31, 2011
2010	$29.2B	$10.1B	2.9×	+0.1×	Dec 31, 2010
2009	$24.7B	$8.96B	2.8×	+1.1×	Dec 31, 2009
2008	$18.3B	$10.8B	1.7×	-1.3×	Dec 31, 2008
2007	$28.1B	$9.4B	3.0×	+0.7×	Dec 31, 2007
2006	$19.2B	$8.32B	2.3×	+0.1×	Dec 31, 2006
2005	$17.1B	$7.66B	2.2×	+0.1×	Dec 31, 2005
2004	$14.3B	$6.59B	2.2×	-0.0×	Dec 31, 2004
2003	$12.5B	$5.61B	2.2×	+0.4×	Dec 31, 2003
2002	$9.39B	$5.13B	1.8×	—	Dec 31, 2002


Newmont (NEM)	4.8×
Ecolab (ECL)	4.6×
Vulcan Materials (VMC)	4.5×
Albemarle (ALB)	3.9×
Sherwin-Williams (SHW)	3.3×
Freeport-McMoRan (FCX)	3.2×
Corteva (CTVA)	3.1×
Solstice Advanced Materials (SOLS)	3.0×
CF Industries Holdings (CF)	2.7×
DuPont de Nemours (DD)	1.9×
International Flavors & Fragrances (IFF)	1.7×
Steel Dynamics (STLD)	1.6×
PPG Industries (PPG)	1.5×
Ashland (ASH)	1.4×
CRH (CRH)	1.3×
Nucor (NUE)	1.2×
Avient (AVNT)	1.0×
Eastman Chemical (EMN)	1.0×
H.B. Fuller (FUL)	1.0×
LyondellBasell (LYB)	0.9×
International Paper (IP)	0.8×
Dow (DOW)	0.8×
Mosaic (MOS)	0.7×
Builders FirstSource (BLDR)	0.6×
Stepan (SCL)	0.5×

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

P/S Ratio daily chart for Linde (LIN)

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

About P/S Ratio at Linde (LIN)

Linde P/S Ratio by Year

Linde P/S Ratio 2025: 5.8×

Linde P/S Ratio 2024: 6.0×

Linde P/S Ratio 2023: 6.1×

Linde P/S Ratio 2022: 4.8×

Linde P/S Ratio 2021: 5.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Linde (LIN) Key Financials