LindeBUD:LINDEPLC 93 Debt-to-EBITDA is 1.91 as of Mar. 2026, which is 4% below its 10-year median of 1.99. GuruFocus rates BUD:LINDEPLC with a GF Score™ of 93/100 and a GF Value™ of Ft114,006.40. The stock has 7 warning signs investors should review. Among 1,230 Chemicals companies, Linde ranks better than 52.28% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Linde's Debt-to-EBITDA or its related term are showing as below:
BUD:LINDEPLC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.54 Med: 1.99 Max: 2.83
Current: 1.96
During the past 13 years, the highest Debt-to-EBITDA Ratio of Linde was 2.83. The lowest was 1.54. And the median was 1.99.
BUD:LINDEPLC's Debt-to-EBITDA is ranked better than 52.28% of 1230
companies
in the Chemicals industry
Industry Median: 2.16
vs BUD:LINDEPLC: 1.96
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Linde Debt-to-EBITDA Related Terms
Linde Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Linde's Debt-to-EBITDA 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.
BUD:LINDEPLC vs SHW, ECL, APD: Debt-to-EBITDA Comparison
For the Specialty Chemicals subindustry, Linde's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Linde's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Linde's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Linde (BUD:LINDEPLC) has a Debt-to-EBITDA of 1.91 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Linde. This is near median its historical median of 1.99. Over the past decade, Linde's Debt-to-EBITDA has ranged from 1.54 to 2.83. According to the industry distribution chart, Linde ranks #587 out of 1230 companies in the Chemicals industry, placing it in the top 47.7%.
Is Linde's Debt-to-EBITDA too high?
Linde's current Debt-to-EBITDA of 1.91 is near median its 10-year median of 1.99. Over the past 10 years, this metric has ranged from a low of 1.54 to a high of 2.83. The Chemicals industry median Debt-to-EBITDA is 2.16. Linde's value of 1.91 is 11.6% below this industry median. Based on the distribution chart, Linde ranks #587 out of 1230 companies in the Chemicals industry, which is above the industry midpoint. Overall, Linde has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Linde's Debt-to-EBITDA compare to SHW and ECL?
According to the Chemicals industry distribution chart, Linde ranks #587 out of 1230 companies for Debt-to-EBITDA. This puts Linde in the upper half of its industry. The industry median Debt-to-EBITDA is 2.16. Linde's value of 1.91 is 11.6% below this benchmark. Historically, Linde's own Debt-to-EBITDA has ranged from 1.54 to 2.83 over the past decade. While the company's 10-year median is 1.99 vs. the industry median of 2.16, Linde has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Chemicals company?
The median Debt-to-EBITDA among Chemicals companies is 2.16, based on 1,230 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Linde's current Debt-to-EBITDA of 1.91 is 11.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Linde. For the Chemicals industry, the median Debt-to-EBITDA is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde's current Debt-to-EBITDA is 1.91, which is near median its own 10-year median of 1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linde stock overvalued right now?
Linde (BUD:LINDEPLC) has a current Debt-to-EBITDA of 1.91. The stock's GF Value™ is Ft114,006.40, compared to a current price of Ft121,430.00 — trading 6.5% above its estimated fair value. The current Debt-to-EBITDA is 1.91, which is near median its 10-year median of 1.99 and 11.6% below the Chemicals industry median of 2.16. Linde's overall GF Score™ is 93/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Linde (BUD:LINDEPLC), the current Debt-to-EBITDA is 1.91 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Linde (BUD:LINDEPLC) Overvalued in 2026?
Based on GuruFocus' analysis, Linde stock appears to be overvalued.
The current stock price of Ft121,430.00 is trading 6.5% above its estimated GF Value™ of Ft114,006.40.
Key valuation signals for BUD:LINDEPLC:
Debt-to-EBITDA: 1.91 (near median its 10-year median of 1.99)
GF Value™: Ft114,006.40 vs. price of Ft121,430.00 (6.5% above fair value)
Industry Position: 11.6% below the Chemicals median (#587 of 1230)
No single metric tells the full story. See the BUD:LINDEPLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 $34 billion in revenue in 2025.
93GF Score
Get the complete analysis for BUD:LINDEPLC
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