LindeWBO:LIN +1.65%26 Pretax Margin % is 27.68% as of Mar. 2026, which is 40% above its 10-year median of 19.79. GuruFocus rates WBO:LIN with a GF Score™ of 26/100 and a GF Value™ of €437.71 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,584 Chemicals companies, Linde ranks better than 94.76% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Linde's Pre-Tax Income for the
three
months ended in Mar. 2026 was €2,103 Mil. Linde's Revenue for the
three
months ended in Mar. 2026 was €7,596 Mil. Therefore, Linde's pretax margin for the quarter that ended in Mar. 2026 was 27.68%.
The historical rank and industry rank for Linde's Pretax Margin % or its related term are showing as below:
WBO:LIN'
s Pretax Margin % Range Over the Past 10 Years
Min: 10.37 Med: 19.79 Max: 34.03
Current: 26.4
WBO:LIN's Pretax Margin % is ranked better than 94.76% of 1584
companies
in the Chemicals industry
Industry Median: 5.34
vs WBO:LIN: 26.40
Linde (WBO:LIN) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Linde Pretax Margin % Related Terms
Linde Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Linde's Pretax Margin % 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.
WBO:LIN vs SHW, ECL, APD: Pretax Margin % Comparison
For the Specialty Chemicals subindustry, Linde's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Linde's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Linde's Pretax Margin % 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.
Linde (WBO:LIN) has a Pretax Margin % of 27.68% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Linde and its competitors. This is 40% above median its historical median of 19.79. Over the past decade, Linde's Pretax Margin % has ranged from 10.37 to 34.03. According to the industry distribution chart, Linde ranks #83 out of 1584 companies in the Chemicals industry, placing it in the top 5.2%.
Is Linde's Pretax Margin % too high?
Linde's current Pretax Margin % of 27.68% is 40% above median its 10-year median of 19.79. Over the past 10 years, this metric has ranged from a low of 10.37 to a high of 34.03. The Chemicals industry median Pretax Margin % is 5.34. Linde's value of 27.68% is 418.4% above this industry median. Based on the distribution chart, Linde ranks #83 out of 1584 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Linde has a GF Score™ of 26/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Linde's Pretax Margin % compare to SHW and ECL?
According to the Chemicals industry distribution chart, Linde ranks #83 out of 1584 companies for Pretax Margin %. This places Linde in the top 5% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.34. Linde's value of 27.68% is 418.4% above this benchmark. Historically, Linde's own Pretax Margin % has ranged from 10.37 to 34.03 over the past decade. While the company's 10-year median is 19.79 vs. the industry median of 5.34, 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 Pretax Margin % for a Chemicals company?
The median Pretax Margin % among Chemicals companies is 5.34, based on 1,584 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Linde's current Pretax Margin % of 27.68% is 418.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Linde and its competitors. For the Chemicals industry, the median Pretax Margin % is 5.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde's current Pretax Margin % is 27.68%, which is 40% above median its own 10-year median of 19.79. 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 (WBO:LIN) is currently considered Fairly Valued. The stock's GF Value™ is €437.71, compared to a current price of €455.60 — trading 4.1% above its estimated fair value. The current Pretax Margin % is 27.68%, which is 40% above median its 10-year median of 19.79 and 418.4% above the Chemicals industry median of 5.34. Linde's overall GF Score™ is 26/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Linde (WBO:LIN), the current Pretax Margin % is 27.68% 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 (WBO:LIN) Overvalued in 2026?
Based on GuruFocus' analysis, Linde stock appears to be overvalued.
The current stock price of €455.60 is trading 4.1% above its estimated GF Value™ of €437.71.
GuruFocus considers Linde to be Fairly Valued.
Key valuation signals for WBO:LIN:
Pretax Margin %: 27.68% (40% above median its 10-year median of 19.79)
GF Value™: €437.71 vs. price of €455.60 (4.1% above fair value)
Industry Position: 418.4% above the Chemicals median (#83 of 1584)
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.
26GF Score
Get the complete analysis for WBO:LIN
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WBO:LIN has been successfully added to your 
