Linde (WBO:LIN) Research & Development: €126 Mil (TTM As of Mar. 2026)


WBO:LIN Linde PLC WBO:LIN
26 GF Score
Price €455.60
GF Value €437.71
Valuation Fairly Valued
! 7 Warning Signs
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What is Linde Research & Development?

Linde WBO:LIN +1.65% 26 Research & Development is €126 Mil as of Mar. 2026. 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.

Research & Development is the aggregate amount of research and development expenses during the year. Linde's Research & Development for the three months ended in Mar. 2026 was €33 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was €126 Mil.

Linde  (WBO:LIN) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Linde Research & Development Related Terms

Linde Research & Development Historical Data

* Premium members only.

The historical data trend for Linde's Research & Development 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.

Linde Research & Development Chart

Linde Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 126.56 134.99 133.88 143.25 125.54

Linde Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 35.15 32.95 30.67 29.89 32.87
WBO:LIN
26GF Score
Linde PLC WBO:LIN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Linde Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development 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 €126 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of €126 Mil mean?
Linde (WBO:LIN) has a Research & Development of €126 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Linde and its competitors.
Is Linde's Research & Development too high?
Linde's current Research & Development is €126 Mil. 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 Research & Development compare to SHW and ECL?
Linde's Research & Development of €126 Mil can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Chemicals company?
A good Research & Development depends on the Chemicals industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Linde and its competitors. Linde's current Research & Development is €126 Mil. 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 Research & Development is €126 Mil. 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 Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Linde (WBO:LIN), the current Research & Development is €126 Mil 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:

  • Research & Development: €126 Mil
  • GF Value™: €437.71 vs. price of €455.60 (4.1% above fair value)
  • GF Score™: 26/100 with 7 warning signs

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 Business Description

Address 10 Riverview Drive, Danbury, CT, USA, 06810
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

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€455.60
Price
€437.71
GF Value