Linde Plc.
Research Linde Plc. (LIN) on Bullrun: valuation model: 8.0% overvalued, market cap USD 222.99B, P/E 31.2, dividend yield 1.3%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerLIN
- ExchangeNASDAQ
- CountryUnited Kingdom
- SectorBasic Materials
- IndustrySpecialty Chemicals
- CurrencyUSD
- Valuation signal8.0% overvalued
- Market capUSD 222.99B
- P/E31.2
- Dividend yield1.3%
- Financial periodQ2 2026
- RevenueUSD 9.29B
- Net incomeUSD 1.93B
- Free cash flowUSD 833.00M
- Gross margin47.7%
Valuation Snapshot
Bullrun's latest valuation model marks Linde Plc. as 8.0% overvalued; latest market cap is USD 222.99B; P/E is 31.2; dividend yield is 1.3%.
Peer valuation comparison
Latest P/E is 31.23x versus a Basic Materials sector median of 16.68x (87.2% above).
Latest dividend yield is 1.29% versus a Basic Materials sector median of 2.3% (43.8% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 33.99B | USD 6.90B | USD 5.09B | 48.8% | 14.61 | USD 5.06B | USD 22.48B | USD 38.25B |
| FY2024 | USD 33.01B | USD 6.57B | USD 4.93B | 48.1% | 13.62 | USD 4.85B | USD 17.40B | USD 38.09B |
| FY2023 | USD 32.85B | USD 6.20B | USD 5.52B | 46.8% | 12.59 | USD 4.66B | USD 14.66B | USD 39.72B |
| FY2022 | USD 33.36B | USD 4.15B | USD 5.69B | 41.7% | 8.23 | USD 5.44B | USD 13.80B | USD 40.03B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 222.99B | 31.2 | 1.3% | 6.3 |
| 2025 | 2025-12-31 | USD 197.71B | 29.2 | 1.4% | 6 |
| 2024 | 2024-12-31 | USD 198.13B | 30.7 | 1.3% | 5.56 |
| 2023 | 2023-12-29 | USD 199.15B | 33.9 | 1.2% | 5.12 |
| 2022 | 2022-12-30 | USD 160.66B | 43.1 | 1.4% | 4.68 |
| 2021 | 2021-12-31 | USD 176.22B | 47.2 | 1.2% | 4.24 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 6.3 USD, yield 1.3%.
| Year | Dividends/share |
|---|---|
| FY2025 | 6 USD |
| FY2024 | 5.56 USD |
| FY2023 | 5.1 USD |
| FY2022 | 4.68 USD |
About Linde Plc.
Linde plc operates as an industrial gas company worldwide. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, and acetylene. It also engages in the design and construction of turnkey process plants for third-party customers, as well as for its gas businesses, including air separation, hydrogen, synthesis, olefin, and natural gas plants.
ETFs that hold Linde Plc.
Linde Plc. is one of the ten largest holdings of 26 ETFs that investors in Europe can buy. The 8 most traded of them:
| ETF | Weight | TER |
|---|---|---|
| Invesco Global Active ESG Equity UCITS ETF USD Acc | 1.61% | 0.30% |
| Amundi S&P World Materials Screened UCITS ETF Acc | 10.65% | 0.18% |
| Xtrackers MSCI World Materials UCITS ETF 1C | 7.57% | 0.25% |
| iShares S&P 500 Materials Sector UCITS ETF USD (Acc) | 19.45% | 0.15% |
| Global X S&P 500 Covered Call UCITS ETF Inc | 4.42% | 0.45% |
| L&G Hydrogen Economy UCITS ETF-USD Acc | 4.08% | 0.49% |
| Amundi S&P World Materials Screened UCITS ETF Dist | 10.06% | 0.18% |
| Invesco Global Active ESG Equity UCITS ETF EUR PfHedged Acc | 1.43% | 0.30% |
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Frequently asked questions
Is Linde Plc. overvalued or undervalued?
Bullrun's valuation model currently marks Linde Plc. as 8.0% overvalued.
What is Linde Plc.'s market cap?
Linde Plc.'s market capitalization is USD 222.99B.
What is Linde Plc.'s P/E ratio?
Linde Plc.'s price-to-earnings (P/E) ratio is 31.2.
Does Linde Plc. pay a dividend?
Linde Plc. has a dividend yield of 1.3%.
What does Linde Plc. do?
Linde plc operates as an industrial gas company worldwide. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, and acetylene. It also engages in the design and construction of turnkey process plants for third-party customers, as well as for its gas businesses, including air separation, hydrogen, synthesis, olefin, and natural gas plants.