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Air LiquideWBO:AI -2.63%81 EV-to-OCF is 23.00 as of Jul. 29, 2026, which is 48% above its 10-year median of 15.57. GuruFocus rates WBO:AI with a GF Score™ of 81/100 and a GF Value™ of €148.93 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,607 Chemicals companies, Air Liquide ranks worse than 69.82% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Air Liquide's Enterprise Value is €126,384 Mil.
Air Liquide's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €5,496 Mil. Therefore, Air Liquide's EV-to-OCF for today is 23.00.
The historical rank and industry rank for Air Liquide's EV-to-OCF or its related term are showing as below:
WBO:AI'
s EV-to-OCF Range Over the Past 10 Years
Min: 12.13 Med: 15.57 Max: 19.39
Current: 19.39
During the past 13 years, the highest EV-to-OCF of Air Liquide was 19.39. The lowest was 12.13. And the median was 15.57.
WBO:AI's EV-to-OCF is ranked worse than 69.82% of 1607
companies
in the Chemicals industry
Industry Median: 10.41
vs WBO:AI: 19.39
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.
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.
Air Liquide's PE Ratio (TTM) for today is calculated as:
Air Liquide's share price for today is €172.98.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Air Liquide's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €5.557.
* 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.
Air Liquide EV-to-OCF Related Terms
Air Liquide EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Air Liquide'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, Air Liquide'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.
Air Liquide EV-to-OCF vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Liquide's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Air Liquide's EV-to-OCF falls into.
Air Liquide's current Enterprise Value is €126,384 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Air Liquide's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was €5,496 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.
Air Liquide (WBO:AI) has a EV-to-OCF of 23.00 as of Jul. 29, 2026. This is 48% above median its historical median of 15.57. Over the past decade, Air Liquide's EV-to-OCF has ranged from 12.13 to 19.39. According to the industry distribution chart, Air Liquide ranks #1122 out of 1607 companies in the Chemicals industry, placing it in the top 69.8%.
Is Air Liquide's EV-to-OCF too high?
Air Liquide's current EV-to-OCF of 23.00 is 48% above median its 10-year median of 15.57. Over the past 10 years, this metric has ranged from a low of 12.13 to a high of 19.39. The Chemicals industry median EV-to-OCF is 10.41. Air Liquide's value of 23.00 is 120.9% above this industry median. Based on the distribution chart, Air Liquide ranks #1122 out of 1607 companies in the Chemicals industry, which is below the industry midpoint. Overall, Air Liquide has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Liquide's EV-to-OCF compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Liquide ranks #1122 out of 1607 companies for EV-to-OCF. This places Air Liquide in the lower half of its industry. The industry median EV-to-OCF is 10.41. Air Liquide's value of 23.00 is 120.9% above this benchmark. Historically, Air Liquide's own EV-to-OCF has ranged from 12.13 to 19.39 over the past decade. While the company's 10-year median is 15.57 vs. the industry median of 10.41, Air Liquide 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 10.41, 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. Air Liquide's current EV-to-OCF of 23.00 is 120.9% 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 10.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Liquide's current EV-to-OCF is 23.00, which is 48% above median its own 10-year median of 15.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Liquide stock overvalued right now?
Based on GuruFocus' analysis, Air Liquide (WBO:AI) is currently considered Modestly Overvalued. The stock's GF Value™ is €148.93, compared to a current price of €172.98 — trading 16.1% above its estimated fair value. The current EV-to-OCF is 23.00, which is 48% above median its 10-year median of 15.57 and 120.9% above the Chemicals industry median of 10.41. Air Liquide's overall GF Score™ is 81/100 with 6 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 Air Liquide (WBO:AI), the current EV-to-OCF is 23.00 as of Jul. 29, 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 Air Liquide (WBO:AI) Overvalued in 2026?
Based on GuruFocus' analysis, Air Liquide stock appears to be overvalued.
The current stock price of €172.98 is trading 16.1% above its estimated GF Value™ of €148.93.
GuruFocus considers Air Liquide to be Modestly Overvalued.
Key valuation signals for WBO:AI:
EV-to-OCF: 23.00 (48% above median its 10-year median of 15.57)
GF Value™: €148.93 vs. price of €172.98 (16.1% above fair value)
Industry Position: 120.9% above the Chemicals median (#1122 of 1607)
No single metric tells the full story. See the WBO:AI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 27.9 billion of revenue in 2025, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. Air Liquide employs approximately 65,000 people.
81GF Score
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