LindeWBO:LIN +2.73%93 EV-to-FCF is 54.36 as of Jul. 02, 2026, which is 46% above its 10-year median of 37.12. GuruFocus rates WBO:LIN with a GF Score™ of 93/100 and a GF Value™ of €431.36. The stock has 7 warning signs investors should review. Among 919 Chemicals companies, Linde ranks worse than 75.84% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Linde's Enterprise Value is €237,589 Mil.
Linde's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €4,371 Mil. Therefore, Linde's EV-to-FCF for today is 54.36.
The historical rank and industry rank for Linde's EV-to-FCF or its related term are showing as below:
WBO:LIN'
s EV-to-FCF Range Over the Past 10 Years
Min: 21.37 Med: 37.12 Max: 86.14
Current: 53.09
During the past 13 years, the highest EV-to-FCF of Linde was 86.14. The lowest was 21.37. And the median was 37.12.
WBO:LIN's EV-to-FCF is ranked worse than 75.84% of 919
companies
in the Chemicals industry
Industry Median: 22.52
vs WBO:LIN: 53.09
EV-to-FCF 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 (2026-07-02), Linde's stock price is €467.00.
Linde's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €12.946. Therefore, Linde's PE Ratio (TTM) for today is 36.07.
Linde (WBO:LIN) EV-to-FCF Explanation
EV-to-FCF 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 €467.00.
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 €12.946.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Linde EV-to-FCF Related Terms
Linde EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Linde's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Linde's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Linde's EV-to-FCF falls into.
Linde's current Enterprise Value is €237,589 Mil.
Linde's Free Cash Flow 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 €4,371 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 (WBO:LIN) has a EV-to-FCF of 54.36 as of Jul. 02, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Linde and its competitors. This is 46% above median its historical median of 37.12. Over the past decade, Linde's EV-to-FCF has ranged from 21.37 to 86.14. According to the industry distribution chart, Linde ranks #697 out of 919 companies in the Chemicals industry, placing it in the top 75.8%.
Is Linde's EV-to-FCF too high?
Linde's current EV-to-FCF of 54.36 is 46% above median its 10-year median of 37.12. Over the past 10 years, this metric has ranged from a low of 21.37 to a high of 86.14. The Chemicals industry median EV-to-FCF is 22.52. Linde's value of 54.36 is 141.4% above this industry median. Based on the distribution chart, Linde ranks #697 out of 919 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Linde has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Linde's EV-to-FCF compare to SHW and ECL?
According to the Chemicals industry distribution chart, Linde ranks #697 out of 919 companies for EV-to-FCF. This places Linde in the lower half of its industry. The industry median EV-to-FCF is 22.52. Linde's value of 54.36 is 141.4% above this benchmark. Historically, Linde's own EV-to-FCF has ranged from 21.37 to 86.14 over the past decade. While the company's 10-year median is 37.12 vs. the industry median of 22.52, 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-FCF for a Chemicals company?
The median EV-to-FCF among Chemicals companies is 22.52, based on 919 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Linde's current EV-to-FCF of 54.36 is 141.4% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Linde and its competitors. For the Chemicals industry, the median EV-to-FCF is 22.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde's current EV-to-FCF is 54.36, which is 46% above median its own 10-year median of 37.12. 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 (WBO:LIN) has a current EV-to-FCF of 54.36. The stock's GF Value™ is €431.36, compared to a current price of €467.00 — trading 8.3% above its estimated fair value. The current EV-to-FCF is 54.36, which is 46% above median its 10-year median of 37.12 and 141.4% above the Chemicals industry median of 22.52. 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Linde (WBO:LIN), the current EV-to-FCF is 54.36 as of Jul. 02, 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 (WBO:LIN) Overvalued in 2026?
Based on GuruFocus' analysis, Linde stock appears to be overvalued.
The current stock price of €467.00 is trading 8.3% above its estimated GF Value™ of €431.36.
Key valuation signals for WBO:LIN:
EV-to-FCF: 54.36 (46% above median its 10-year median of 37.12)
GF Value™: €431.36 vs. price of €467.00 (8.3% above fair value)
Industry Position: 141.4% above the Chemicals median (#697 of 919)
No single metric tells the full story. See the WBO: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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