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Linde PLC logo
Linde PLC LIN
$ 521.78 -0.02%
report update icon

Quarterly report 2026-Q3
added 10-29-2026

Linde PLC Financial Ratios 2025-2011 | LIN

Brief overview of Linde PLC's valuation and returns

The review covers five available annual periods spanning 2021 to 2025.

The latest available valuation ratios are P/E 34.57x (median 34.57x), EV/EBITDA 19.16x (median 16.27x), P/S 7.02x (median 5.7x). Valuation is 17.7% above five-year reference levels. The premium requires support from earnings and returns.

The inverse P/E implies an earnings yield of 2.9%. This is not a dividend yield, but current earnings relative to market price.

Current measures of operating quality are ROE 18%, ROA 7.9%, ROCE 23.3%. Profitability forms a strong profile, with capital and assets producing substantial returns.

Current PEG of 2.7x points to a premium over forecast earnings momentum.

The time from paying for inputs to receiving cash rose from 18.7 days to 37.7 days. Cash turnover slowed.

Overall assessment

Linde PLC's business looks strong while multiples exceed historical reference points. Investors are pricing in continued momentum.

Annual Financial Ratios Linde PLC

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
34.6 28.6 30.9 42.0 39.5 50.5 49.7 12.4 37.3 22.7 18.6 20.8 21.1 19.4 19.2

P/S

7.0 5.7 5.8 5.2 4.9 4.6 4.0 3.7 4.1 3.2 2.7 2.9 3.1 2.9 2.9

EPS

14.7 13.7 12.7 8.3 7.4 4.8 4.2 13.3 4.4 5.2 - - - - -

EV (Enterprise Value)

281 B 224 B 227 B 207 B 184 B 161 B 148 B 91.8 B 60.9 B 48 B 42.2 B 49.1 B 50.3 B 44.5 B 42.7 B

EBITDA per Share

27 25.9 24.2 19.2 18.6 15.1 14 21.2 12.5 12 12.4 13.4 12.6 11.6 11.4

EV/EBITDA

22.1 18.0 19.2 21.6 19.2 20.3 16.3 9.1 15.1 12.4 10.5 11.2 12.0 11.4 11.0

PEG

2.7 2.11 5.76 3.04 2.8 5.77 -0.73 0.06 -2.09 -8.75 -2.69 -8.25 4.44 7.66 0.46

P/B

6.0 4.8 4.7 4.2 3.3 2.5 2.2 1.0 7.1 6.3 6.0 5.9 5.3 5.1 5.5

P/CF

23.0 20.0 20.6 19.7 15.5 17.0 45.3 29.9 26.9 26.1 25.2 29.9 41.3 57.3 48.9

ROE %

18.04 17.23 15.61 10.36 8.69 5.29 4.43 7.68 19.15 27.57 32.28 28.19 25.06 26.35 28.84

ROA %

7.95 8.19 7.67 5.21 4.69 2.83 2.64 4.69 6.10 7.76 8.44 8.55 8.66 9.35 10.22

ROCE %

12.72 13.45 12.59 8.68 7.49 4.60 3.94 6.52 14.27 13.74 15.01 15.81 14.92 15.75 17.76

Current Ratio

1.8 2.0 2.0 2.1 2.3 2.3 0.9 1.3 1.0 1.2 1.4 1.1 1.1 1.1 1.0

DSO

51.5 51.6 51.5 49.5 51.4 56.9 60.6 112.7 55.0 56.9 54.2 53.4 57.9 59.6 58.2

DIO

42.0 43.2 42.7 34.8 36.0 40.6 37.2 66.8 - 34.3 32.5 28.9 27.4 27.2 25.8

DPO

55.8 58.8 62.8 61.0 68.6 75.5 71.6 130.3 52.7 56.4 48.4 45.3 49.8 53.0 50.6

Operating Cycle

93.5 94.9 94.2 84.4 87.4 97.5 97.9 179.5 - 91.1 86.7 82.3 85.3 86.8 84.0

Cash Conversion Cycle

37.7 36.0 31.5 23.4 18.7 22.1 26.2 49.2 - 34.7 38.3 37.0 35.4 33.8 33.4

All numbers in USD currency

Quarterly Financial Ratios Linde PLC

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1

EPS

3.67 4.17 4 3.289999999999999 4.11 3.75 3.53 3.620000000000001 3.24 3.46 3.38 3.1899999999999995 3.21 3.22 3.08 2.6800000000000006 2.56 0.74 2.31 2.0 1.9 1.62 1.87 1.4600000000000004 1.33 0.87 1.07 0.94 1.35 0.95 0.8 6.27 1.6 1.67 1.61 0.11 1.46 1.42 1.36 - - - - - - - - - - - - - - - - - - - - - - - -

EBITDA per Share

6.76 7.6 7.31 228 7.1 7 6.54 40.9 6.38 6.55 6.32 218 6.18 6.07 5.86 493 5.35 3.35 5.11 756 4.77 4.46 4.55 2.14 K 4.07 3.26 3.53 3.39 3.88 3.44 1.49 9.04 3.38 3.47 3.35 37.8 K 3.25 3.14 2.99 - - - - - - - - - - - - - - - - - - - - - - - -

ROE %

17.80 18.48 18.14 17.73 18.25 17.28 17.06 16.87 16.23 16.26 15.87 15.48 14.93 14.29 11.38 10.36 9.39 8.26 9.12 8.53 7.83 7.12 6.27 5.42 4.79 4.73 4.76 4.45 8.67 14.36 14.25 14.17 9.46 -21686.78 -109444.93 0.51 -21689.11 -87757.22 - - - - - - - - - - - - - - - - - - - - - - - - -

ROA %

8.22 8.54 8.40 8.27 8.66 8.31 8.33 8.34 8.08 8.20 8.13 7.99 7.75 7.44 5.92 5.45 5.03 4.48 5.00 4.73 4.35 3.99 3.51 3.03 2.71 2.75 2.82 2.70 5.30 5379.83 5379.72 5379.61 5376.58 4548.39 0.49 0.16 4547.22 - - - - - - - - - - - - - - - - - - - - - - - - - -

ROCE %

12.76 13.19 12.95 12.71 13.35 13.01 12.98 12.96 12.61 12.79 12.65 12.57 12.12 11.62 9.43 8.50 7.80 6.94 7.64 7.20 6.62 6.09 5.29 4.62 4.12 4.14 4.18 3.87 7.01 15.59 16.05 16.56 16.27 -32708.51 -163697.22 3.73 -32714.84 -130987.38 - - - - - - - - - - - - - - - - - - - - - - - - -

Current Ratio

1.9 1.9 1.9 1.8 1.9 1.9 1.9 2.0 2.0 2.0 2.0 2.0 2.1 2.1 2.1 2.1 2.1 2.1 2.2 2.3 2.2 2.3 2.3 2.3 2.3 2.3 2.3 2.5 2.5 2.5 2.6 2.6 2.6 2.6 2.6 1.5 - - - - - - - - - - - - - - - - - - - - - - - - - - -

DSO

54.5 53.8 53.5 53.6 55.9 54.7 53.8 52.3 53.9 55.2 54.8 51.7 53.1 53.1 51.9 52.9 48.8 52.0 51.9 48.8 51.8 51.0 52.3 51.5 53.4 57.8 56.9 55.2 56.8 56.2 57.1 67.6 130.3 128.8 91.9 26.4 - - - - - - - - - - - - - - - - - - - - - - - - - - -

DIO

39.1 39.4 41.7 42.0 44.3 43.5 43.1 42.6 43.8 45.0 45.6 43.2 44.0 43.7 41.5 39.5 31.4 32.8 33.3 31.7 35.4 36.9 38.5 38.7 41.0 42.9 40.2 36.5 37.8 36.0 36.8 38.1 88.7 88.3 62.2 - - - - - - - - - - - - - - - - - - - - - - - - - - - -

DPO

52.3 51.6 55.2 54.8 54.6 53.4 54.4 56.5 59.7 61.6 63.9 59.4 60.6 62.6 61.1 62.5 55.5 62.3 65.5 60.9 64.9 66.2 68.0 67.0 68.0 72.9 74.0 69.0 72.2 69.5 70.8 74.3 173.0 172.2 113.8 - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Operating Cycle

93.6 93.2 95.2 95.6 100.2 98.2 97.0 94.9 97.7 100.2 100.4 94.9 97.1 96.8 93.4 92.4 80.2 84.9 85.2 80.5 87.2 87.9 90.8 90.1 94.5 100.7 97.1 91.7 94.6 92.2 93.9 105.7 219.1 217.1 154.1 - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cash Conversion Cycle

41.2 41.6 40.0 40.8 45.6 44.8 42.6 38.4 38.0 38.6 36.5 35.5 36.5 34.2 32.3 29.9 24.7 22.6 19.7 19.6 22.3 21.6 22.9 23.1 26.4 27.8 23.1 22.6 22.4 22.6 23.1 31.4 46.1 44.9 40.4 - - - - - - - - - - - - - - - - - - - - - - - - - - - -

All numbers in USD currency

Multiples are an important financial analysis tool for the company Linde PLC, allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.

Advantages of Using Financial Ratios
  • Simplified Data Analysis
    Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition.
  • Comparability Between Companies
    Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations.
  • Identification of Trends and Issues
    Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks.
  • Decision Support
    Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions.
  • Accelerated Assessment of Investment Attractiveness
    Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.

Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.

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