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LindeLIN -1.13%93 EV-to-OCF is 25.11 as of Jul. 17, 2026, which is 20% above its 10-year median of 20.84. GuruFocus rates LIN with a GF Score™ of 93/100 and a GF Value™ of $493.68 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,607 Chemicals companies, Linde ranks worse than 76.1% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Linde's Enterprise Value is $261,924 Mil.
Linde's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $10,429 Mil. Therefore, Linde's EV-to-OCF for today is 25.11.
The historical rank and industry rank for Linde's EV-to-OCF or its related term are showing as below:
LIN'
s EV-to-OCF Range Over the Past 10 Years
Min: 14.61 Med: 20.84 Max: 30.19
Current: 25.11
During the past 13 years, the highest EV-to-OCF of Linde was 30.19. The lowest was 14.61. And the median was 20.84.
LIN's EV-to-OCF is ranked worse than 76.1% of 1607
companies
in the Chemicals industry
Industry Median: 10.44
vs LIN: 25.11
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-07-17), Linde's stock price is $514.85.
Linde's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $15.060. Therefore, Linde's PE Ratio (TTM) for today is 34.19.
Linde (NAS:LIN) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Linde's share price for today is $514.85.
Linde's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $15.060.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Linde EV-to-OCF Related Terms
Linde EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Linde's EV-to-OCF 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.
For the Specialty Chemicals subindustry, Linde's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Linde's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Linde's EV-to-OCF falls into.
Linde's current Enterprise Value is $261,924 Mil.
Linde's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $10,429 Mil.
* 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 (LIN) has a EV-to-OCF of 25.11 as of Jul. 17, 2026. This is 20% above median its historical median of 20.84. Over the past decade, Linde's EV-to-OCF has ranged from 14.61 to 30.19. According to the industry distribution chart, Linde ranks #1223 out of 1607 companies in the Chemicals industry, placing it in the top 76.1%.
Is Linde's EV-to-OCF too high?
Linde's current EV-to-OCF of 25.11 is 20% above median its 10-year median of 20.84. Over the past 10 years, this metric has ranged from a low of 14.61 to a high of 30.19. The Chemicals industry median EV-to-OCF is 10.44. Linde's value of 25.11 is 140.5% above this industry median. Based on the distribution chart, Linde ranks #1223 out of 1607 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Linde has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Linde's EV-to-OCF compare to SHW and ECL?
According to the Chemicals industry distribution chart, Linde ranks #1223 out of 1607 companies for EV-to-OCF. This places Linde in the lower half of its industry. The industry median EV-to-OCF is 10.44. Linde's value of 25.11 is 140.5% above this benchmark. Historically, Linde's own EV-to-OCF has ranged from 14.61 to 30.19 over the past decade. While the company's 10-year median is 20.84 vs. the industry median of 10.44, Linde has consistently been above 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 EV-to-OCF for a Chemicals company?
The median EV-to-OCF among Chemicals companies is 10.44, based on 1,607 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Linde's current EV-to-OCF of 25.11 is 140.5% above 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Chemicals industry, the median EV-to-OCF is 10.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde's current EV-to-OCF is 25.11, which is 20% above median its own 10-year median of 20.84. 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?
Based on GuruFocus' analysis, Linde (LIN) is currently considered Fairly Valued. The stock's GF Value™ is $493.68, compared to a current price of $514.85 — trading 4.3% above its estimated fair value. The current EV-to-OCF is 25.11, which is 20% above median its 10-year median of 20.84 and 140.5% above the Chemicals industry median of 10.44. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Linde (LIN), the current EV-to-OCF is 25.11 as of Jul. 17, 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 (LIN) Overvalued in 2026?
Based on GuruFocus' analysis, Linde stock appears to be overvalued.
The current stock price of $514.85 is trading 4.3% above its estimated GF Value™ of $493.68.
GuruFocus considers Linde to be Fairly Valued.
Key valuation signals for LIN:
EV-to-OCF: 25.11 (20% above median its 10-year median of 20.84)
GF Value™: $493.68 vs. price of $514.85 (4.3% above fair value)
Industry Position: 140.5% above the Chemicals median (#1223 of 1607)
No single metric tells the full story. See the LIN 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
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