US · USD

LIN

Linde plc Ordinary Shares

$464.00-1.98% (-$9.37)
Day's range
$474.55 – $480.56
Day's volume
$1.2B
52-week range
$385.58 – $544.85

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LIN in numbers

Market cap
$218.8B
P/E
29.53
P/B
5.47
Dividend yield (12m)
1.36%
Net debt/EBITDA
2.09

The 12-month dividend yield of LIN is 1.36%, above its 5-year average of 1.33%.

LIN price history

10/01/202510/01/2026
Compare with

LIN risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-0.11%+30.65%+70.74%
Volatility (annualized)22.18%17.60%19.73%
Largest drawdown-13.62%-13.94%-21.26%
Positive months6/1221/3634/60

How much did investing in LIN return?

$1,000.00 invested on 10/01/2021 would be worth $1,555.41 today.

Value today in LIN
$1,555.41
Return over the period
+55.54%
Return per year
+9.24%
In the S&P 500
$1,660.09

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

LIN fundamentals

Valuation

  • P/E
    29.53
  • P/B
    5.47
  • EV/EBITDA
    18.67
  • EV/EBIT
    26.28
  • EV/Revenue
    6.95
  • P/EBIT
    23.33
  • P/S
    6.17
  • P/OCF
    20.86
  • P/FCF
    43.98
  • Earnings yield
    3.81%
  • PEG ratio
    —
  • Earnings per share
    $15.71
  • Book value per share
    $84.78

Debt

  • Net debt
    $27.6B
  • Net debt/EBITDA
    2.09
  • Net debt/Equity
    0.71
  • Debt/Equity
    0.83
  • Current ratio
    0.88
  • Quick ratio
    0.75
  • Cash ratio
    0.30

Efficiency

  • Gross margin
    —
  • EBITDA margin
    37.25%
  • Operating margin
    26.45%
  • Net margin
    20.43%
  • Asset turnover
    0.40

Profitability

  • ROE
    18.54%
  • ROA
    8.20%
  • ROIC
    10.92%
  • Payout
    40.09%

Growth

  • Revenue CAGR (5 years)
    4.13%
  • Earnings CAGR (5 years)
    17.09%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is LIN's fair price?

Two classic value formulas, with today's numbers. The current price is $464.00.

Graham's fair price
$173.13
62.69% below the price

√(22.50 × $15.71 × $84.78)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$85.27
81.62% below the price

$5.12 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

LIN's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E28.6430.1631.9138.7145.9755.0949.6619.41
P/B5.175.204.984.013.992.912.311.65
EV/EBITDA17.6417.6218.3318.4819.5019.1216.3213.45
Dividend yield1.41%1.33%1.24%1.43%1.22%1.46%1.64%2.11%
Earnings per share$14.89$13.88$12.87$8.43$7.54$4.78$4.29$8.04
Book value per share$82.53$80.55$82.48$81.33$86.73$90.50$92.08$94.69
ROE18.04%17.23%15.61%10.36%8.69%5.29%4.66%8.49%
ROIC10.76%11.25%10.53%7.05%6.73%4.05%3.62%7.12%
EBITDA margin37.33%37.62%36.04%28.69%31.24%29.17%26.95%47.70%
Net margin20.30%19.89%18.87%12.43%12.42%9.18%8.09%29.53%
Net debt/EBITDA2.061.671.621.711.211.781.411.43

LIN's financial statements

Line202520242023202220212020
Net revenue$34B$33B$32.9B$33.4B$30.8B$27.2B
Cost of revenue——————
Gross profit——————
EBITDA$12.7B$12.4B$11.8B$9.6B$9.6B$7.9B
EBIT$8.9B$8.6B$8B$5.4B$5B$3.3B
Financial result——————
Income before tax$8.9B$8.6B$8B$5.5B$5.1B$3.4B
Income tax-$2B-$2B-$1.8B-$1.4B-$1.3B-$847M
Net income$6.9B$6.6B$6.2B$4.1B$3.8B$2.5B

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does LIN pay dividends?

Dividend yield per year

  • 2.04%2017
  • 2.11%2018
  • 1.64%2019
  • 1.46%2020
  • 1.22%2021
  • 1.43%2022
  • 1.24%2023
  • 1.33%2024
  • 1.41%2025
  • 1.01%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend09/02/202609/17/2026$1.60
Dividend06/03/202606/18/2026$1.60
Dividend03/10/202603/26/2026$1.60
Dividend12/02/202512/17/2025$1.50
Dividend09/03/202509/18/2025$1.50
Dividend06/03/202506/18/2025$1.50
Dividend03/12/202503/27/2025$1.50
Dividend12/02/202412/17/2024$1.39
Dividend09/03/202409/18/2024$1.39
Dividend06/03/202406/18/2024$1.39
Dividend03/12/202403/28/2024$1.39
Dividend11/30/202312/18/2023$1.28
See all 40 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend08/31/202309/19/2023$1.28
Dividend05/31/202306/16/2023$1.28
Dividend03/10/202303/28/2023$1.28
Dividend11/30/202212/16/2022$1.17
Dividend08/31/202209/16/2022$1.17
Dividend06/01/202206/17/2022$1.17
Dividend03/09/202203/25/2022$1.17
Dividend12/01/202112/17/2021$1.06
Dividend09/01/202109/17/2021$1.06
Dividend06/01/202106/17/2021$1.06
Dividend03/03/202103/22/2021$1.06
Dividend12/01/202012/17/2020$0.96
Dividend09/01/202009/18/2020$0.96
Dividend06/01/202006/17/2020$0.96
Dividend03/04/202003/20/2020$0.96
Dividend11/29/201912/17/2019$0.88
Dividend08/29/201909/17/2019$0.88
Dividend05/30/201906/17/2019$0.88
Dividend03/06/201903/22/2019$0.88
Dividend12/14/201812/27/2018$0.83
Dividend08/02/201808/15/2018$0.83
Dividend06/05/201806/15/2018$0.83
Dividend03/05/201803/15/2018$0.83
Dividend12/05/201712/15/2017$0.79
Dividend09/06/201709/15/2017$0.79
Dividend06/02/201706/15/2017$0.79
Dividend03/02/201703/15/2017$0.79
Dividend12/02/201612/15/2016$0.75

About Linde

Sector
Manufacturing

Questions about LIN

How much is LIN today?

LIN is at $464.00 (-1.98% on the day), last traded on 10/01/2026.

How much did LIN pay in dividends in 2025?

LIN paid $6.00 per share in 2025, a dividend yield of 1.41%.

What are the P/E and P/B of LIN?

LIN trades at a P/E of 29.53 and a P/B of 5.47.

How much did LIN return in 12 months?

LIN returned -0.11% in 12 months, with annualized volatility of 22.18% and a largest drawdown of -13.62%.