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Linde IndiaNSE:LINDEINDIA -0.19%81 PS Ratio is 23.98 as of Jul. 18, 2026, which is 131% above its 10-year median of 10.40. GuruFocus rates NSE:LINDEINDIA with a GF Score™ of 81/100 and a GF Value™ of ₹7,765.77 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,574 Chemicals companies, Linde India ranks worse than 97.52% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Linde India's share price is ₹7114.50.
Linde India's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was ₹296.73. Hence, Linde India's PS Ratio for today is 23.98.
Warning Sign:
Linde India Ltd stock PS Ratio (=23.74) is close to 1-year high of 26.31.
The historical rank and industry rank for Linde India's PS Ratio or its related term are showing as below:
NSE:LINDEINDIA'
s PS Ratio Range Over the Past 10 Years
Min: 1.65 Med: 10.4 Max: 28.94
Current: 24.01
During the past 13 years, Linde India's highest PS Ratio was 28.94. The lowest was 1.65. And the median was 10.40.
NSE:LINDEINDIA's PS Ratio is ranked worse than 97.52% of 1574
companies
in the Chemicals industry
Industry Median: 1.4
vs NSE:LINDEINDIA: 24.01
Linde India Ltd revenue growth has slowed down over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Linde India was 1.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 0.30% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 9.90% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 4.70% per year.
During the past 13 years, Linde India's highest 3-Year average Revenue per Share Growth Rate was 26.60% per year. The lowest was -10.20% per year. And the median was 9.20% per year.
Back to Basics: PS Ratio
Linde India (NSE:LINDEINDIA) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Linde India PS Ratio Related Terms
Linde India PS Ratio Historical Data
* Premium members only.
The historical data trend for Linde India's PS Ratio 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.
NSE:LINDEINDIA vs LIN, SHW, ECL: PS Ratio Comparison
For the Specialty Chemicals subindustry, Linde India's PS Ratio, along with its competitors' market caps and PS Ratio 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 India PS Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Linde India's PS Ratio distribution charts can be found below:
* The bar in red indicates where Linde India's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Linde India's Share Price of today is ₹7114.50. Linde India's Revenue per Share 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 ₹296.73.
* 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.
It can also be calculated from the numbers for the whole company:
Linde India (NSE:LINDEINDIA) has a PS Ratio of 23.98 as of Jul. 18, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Linde India and its competitors. This is 131% above median its historical median of 10.40. Over the past decade, Linde India's PS Ratio has ranged from 1.65 to 28.94. According to the industry distribution chart, Linde India ranks #1535 out of 1574 companies in the Chemicals industry, placing it in the top 97.5%.
Is Linde India's PS Ratio too high?
Linde India's current PS Ratio of 23.98 is 131% above median its 10-year median of 10.40. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 28.94. The Chemicals industry median PS Ratio is 1.40. Linde India's value of 23.98 is 1612.9% above this industry median. Based on the distribution chart, Linde India ranks #1535 out of 1574 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Linde India has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Linde India's PS Ratio compare to LIN and SHW?
According to the Chemicals industry distribution chart, Linde India ranks #1535 out of 1574 companies for PS Ratio. This places Linde India in the lower half of its industry. The industry median PS Ratio is 1.40. Linde India's value of 23.98 is 1612.9% above this benchmark. Historically, Linde India's own PS Ratio has ranged from 1.65 to 28.94 over the past decade. While the company's 10-year median is 10.40 vs. the industry median of 1.40, Linde India 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 PS Ratio for a Chemicals company?
The median PS Ratio among Chemicals companies is 1.40, based on 1,574 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Linde India's current PS Ratio of 23.98 is 1612.9% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Linde India and its competitors. For the Chemicals industry, the median PS Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde India's current PS Ratio is 23.98, which is 131% above median its own 10-year median of 10.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linde India stock overvalued right now?
Based on GuruFocus' analysis, Linde India (NSE:LINDEINDIA) is currently considered Fairly Valued. The stock's GF Value™ is ₹7,765.77, compared to a current price of ₹7,114.50 — trading 8.4% below its estimated fair value. The current PS Ratio is 23.98, which is 131% above median its 10-year median of 10.40 and 1612.9% above the Chemicals industry median of 1.40. Linde India'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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Linde India (NSE:LINDEINDIA), the current PS Ratio is 23.98 as of Jul. 18, 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 India (NSE:LINDEINDIA) Overvalued in 2026?
Based on GuruFocus' analysis, Linde India stock appears to be undervalued.
The current stock price of ₹7,114.50 is trading 8.4% below its estimated GF Value™ of ₹7,765.77.
GuruFocus considers Linde India to be Fairly Valued.
Key valuation signals for NSE:LINDEINDIA:
PS Ratio: 23.98 (131% above median its 10-year median of 10.40)
GF Value™: ₹7,765.77 vs. price of ₹7,114.50 (8.4% below fair value)
Industry Position: 1612.9% above the Chemicals median (#1535 of 1574)
No single metric tells the full story. See the NSE:LINDEINDIA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Linde India Ltd is a manufacturer of industrial gases. It operates in two segments: Gases and Related Products, which comprises pipeline gas supplies (Onsite) to large industrial customers, mainly the steel, glass, and chemical industries; and Project Engineering, which includes design, engineering, supply, installation, testing, and commissioning of Air Separation Plants and related projects on turnkey basis. The majority of its revenue comes from its Gases segment from the domestic market.
81GF Score
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