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Linde (LIN) Cyclically Adjusted PS Ratio : 7.69 (As of Apr. 27, 2024)


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What is Linde Cyclically Adjusted PS Ratio?

As of today (2024-04-27), Linde's current share price is $443.18. Linde's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $57.62. Linde's Cyclically Adjusted PS Ratio for today is 7.69.

The historical rank and industry rank for Linde's Cyclically Adjusted PS Ratio or its related term are showing as below:

LIN' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.69   Med: 4.04   Max: 8.13
Current: 7.69

During the past years, Linde's highest Cyclically Adjusted PS Ratio was 8.13. The lowest was 2.69. And the median was 4.04.

LIN's Cyclically Adjusted PS Ratio is ranked worse than
93.45% of 1190 companies
in the Chemicals industry
Industry Median: 1.18 vs LIN: 7.69

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Linde's adjusted revenue per share data for the three months ended in Dec. 2023 was $16.996. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $57.62 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Linde Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Linde's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Linde Cyclically Adjusted PS Ratio Chart

Linde Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.98 5.90 7.03 6.00 7.13

Linde Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.39 6.73 6.48 7.13

Competitive Comparison of Linde's Cyclically Adjusted PS Ratio

For the Specialty Chemicals subindustry, Linde's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Linde's Cyclically Adjusted PS Ratio Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Linde's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Linde's Cyclically Adjusted PS Ratio falls into.



Linde Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Linde's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=443.18/57.62
=7.69

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Linde's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Linde's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=16.996/129.4194*129.4194
=16.996

Current CPI (Dec. 2023) = 129.4194.

Linde Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 10.180 99.695 13.215
201406 10.518 100.560 13.537
201409 10.649 100.428 13.723
201412 10.180 99.070 13.299
201503 9.453 99.621 12.281
201506 9.438 100.684 12.132
201509 9.349 100.392 12.052
201512 9.051 99.792 11.738
201603 8.752 100.470 11.274
201606 9.262 101.688 11.788
201609 9.424 101.861 11.974
201612 9.185 101.863 11.670
201703 9.493 102.862 11.944
201706 9.822 103.349 12.300
201709 10.103 104.136 12.556
201712 9.880 104.011 12.294
201803 10.258 105.290 12.609
201806 10.464 106.317 12.738
201809 10.319 106.507 12.539
201812 12.538 105.998 15.308
201903 12.645 107.251 15.259
201906 13.182 108.070 15.786
201909 12.877 108.329 15.384
201912 13.083 108.420 15.617
202003 12.597 108.902 14.970
202006 12.054 108.767 14.343
202009 12.924 109.815 15.231
202012 13.735 109.897 16.175
202103 13.746 111.754 15.919
202106 14.481 114.631 16.349
202109 14.744 115.734 16.487
202112 16.065 117.630 17.675
202203 16.056 121.301 17.131
202206 16.738 125.017 17.327
202209 17.554 125.227 18.142
202212 15.858 125.222 16.390
202303 16.529 127.348 16.798
202306 16.622 128.729 16.711
202309 16.606 129.860 16.550
202312 16.996 129.419 16.996

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Linde  (NAS:LIN) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Linde Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Linde's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Linde (LIN) Business Description

Industry
Traded in Other Exchanges
Address
10 Riverview Drive, Danbury, CT, USA, 06810
Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue and $5.4 billion in GAAP operating profit in 2022.
Executives
Sean Durbin officer: Executive VP, EMEA C/O LINDE PLC, THE PRIESTLEY CENTRE 10 PRIESTLEY ROAD, GUILDFORD, SURREY X0 GU2 XY7
Guillermo Bichara officer: Senior VP& Chief Legal Officer 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Oliver Pfann officer: Senior Vice President, EMEA FORGE, 43 CHURCH STREET WEST, WOKING SURREY X0 GU216HT
Stephen F Angel director, officer: Chief Executive Officer 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Hugh Grant director C/O PPG INDUSTRIES, INC., 1 PPG PLACE, PITTSBURGH PA 15272
Kelcey E Hoyt officer: Principal Accounting Officer 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
David P Strauss officer: Senior VP & Chief HR Officer 10 RIVERVIEW DRIVE, DANBURY CT 06810
Andreas Opfermann officer: Executive VP, Americas C/O LINDE, THE PRIESTLEY CENTRE, 10 PRIESTLEY ROAD, GUILDFORD, SURREY X0 GU2 7XY
Sanjiv Lamba officer: Chief Operating Officer THE PRIESTLEY CENTRE, 10 PRIESTLEY RD, SURREY RESEARCH PARK, GUILDFORD, SURREY X0 GU2 7XY
Mr. Franz Fehrenbach Director
Franz Fehrenbach director THE PRIESTLEY CENTRE, 10 PRIESTLEY ROAD, THE SURREY RESEARCH PARK, GUILDFORD, SURREY X0 GU2 7XY
John Panikar officer: Executive VP, APAC 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Alberto Weisser director
Josef Kaeser director HIGH TECH CAMPUS 60, EINDHOVEN P7 5656AG
Juergen Nowicki officer: Executive VP, Engineering C/O LINDE PLC, THE PRIESTLEY CENTRE, 10 PRIESTLEY ROAD, GUILDFORD, SURREY X0 GU2 7XY