Linde Bangladesh (DHA:LINDEBD) ROE %: 13.51% (As of Mar. 2026) — 41% Below Median


DHA:LINDEBD Linde Bangladesh Ltd DHA:LINDEBD
75 GF Score
Price BDT700.00
GF Value BDT855.28
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Linde Bangladesh ROE %?

Linde Bangladesh DHA:LINDEBD +0.66% 75 ROE % is 13.51% as of Mar. 2026, which is 41% below its 10-year median of 23.04. GuruFocus rates DHA:LINDEBD with a GF Score™ of 75/100 and a GF Value™ of BDT855.28 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,591 Chemicals companies, Linde Bangladesh ranks better than 77.37% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Linde Bangladesh's annualized net income for the quarter that ended in Mar. 2026 was BDT440 Mil. Linde Bangladesh's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was BDT3,255 Mil. Therefore, Linde Bangladesh's annualized ROE % for the quarter that ended in Mar. 2026 was 13.51%.

The historical rank and industry rank for Linde Bangladesh's ROE % or its related term are showing as below:

DHA:LINDEBD' s ROE % Range Over the Past 10 Years
Min: 3.91   Med: 23.04   Max: 140.53
Current: 11.44

During the past 13 years, Linde Bangladesh's highest ROE % was 140.53%. The lowest was 3.91%. And the median was 23.04%.

DHA:LINDEBD's ROE % is ranked better than
77.37% of 1591 companies
in the Chemicals industry
Industry Median: 5.19 vs DHA:LINDEBD: 11.44

Linde Bangladesh  (DHA:LINDEBD) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=439.728/3255.0765
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(439.728 / 2367.964)*(2367.964 / 5169.9115)*(5169.9115 / 3255.0765)
=Net Margin %*Asset Turnover*Equity Multiplier
=18.57 %*0.458*1.5883
=ROA %*Equity Multiplier
=8.51 %*1.5883
=13.51 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=439.728/3255.0765
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (439.728 / 563.584) * (563.584 / 533.324) * (533.324 / 2367.964) * (2367.964 / 5169.9115) * (5169.9115 / 3255.0765)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7802 * 1.0567 * 22.52 % * 0.458 * 1.5883
=13.51 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Linde Bangladesh ROE % Related Terms


Linde Bangladesh ROE % Historical Data

* Premium members only.

The historical data trend for Linde Bangladesh's ROE % 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 Bangladesh ROE % Chart

Linde Bangladesh Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.44 14.64 3.91 140.53 10.28

Linde Bangladesh Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 9.13 12.90 12.65 7.26 13.51

DHA:LINDEBD vs LIN, SHW, ECL: ROE % Comparison

For the Specialty Chemicals subindustry, Linde Bangladesh's ROE %, along with its competitors' market caps and ROE % 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 Bangladesh ROE % vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Linde Bangladesh's ROE % distribution charts can be found below:

* The bar in red indicates where Linde Bangladesh's ROE % falls into.


DHA:LINDEBD
75GF Score
Linde Bangladesh Ltd DHA:LINDEBD
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Linde Bangladesh ROE % Calculation

Linde Bangladesh's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=343.965/( (3489.323+3199.703)/ 2 )
=343.965/3344.513
=10.28 %

Linde Bangladesh's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=439.728/( (3199.703+3310.45)/ 2 )
=439.728/3255.0765
=13.51 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 13.51% mean?
Linde Bangladesh (DHA:LINDEBD) has a ROE % of 13.51% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Linde Bangladesh and its competitors. This is 41% below median its historical median of 23.04. Over the past decade, Linde Bangladesh's ROE % has ranged from 3.91 to 140.53. According to the industry distribution chart, Linde Bangladesh ranks #360 out of 1591 companies in the Chemicals industry, placing it in the top 22.6%.
Is Linde Bangladesh's ROE % too high?
Linde Bangladesh's current ROE % of 13.51% is 41% below median its 10-year median of 23.04. Over the past 10 years, this metric has ranged from a low of 3.91 to a high of 140.53. The Chemicals industry median ROE % is 5.19. Linde Bangladesh's value of 13.51% is 160.3% above this industry median. Based on the distribution chart, Linde Bangladesh ranks #360 out of 1591 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Linde Bangladesh has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Linde Bangladesh's ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Linde Bangladesh ranks #360 out of 1591 companies for ROE %. This places Linde Bangladesh in the top 23% of its industry — outperforming the majority of peers. The industry median ROE % is 5.19. Linde Bangladesh's value of 13.51% is 160.3% above this benchmark. Historically, Linde Bangladesh's own ROE % has ranged from 3.91 to 140.53 over the past decade. While the company's 10-year median is 23.04 vs. the industry median of 5.19, Linde Bangladesh 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 ROE % for a Chemicals company?
The median ROE % among Chemicals companies is 5.19, based on 1,591 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Linde Bangladesh's current ROE % of 13.51% is 160.3% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Linde Bangladesh and its competitors. For the Chemicals industry, the median ROE % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde Bangladesh's current ROE % is 13.51%, which is 41% below median its own 10-year median of 23.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linde Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, Linde Bangladesh (DHA:LINDEBD) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT855.28, compared to a current price of BDT700.00 — trading 18.2% below its estimated fair value. The current ROE % is 13.51%, which is 41% below median its 10-year median of 23.04 and 160.3% above the Chemicals industry median of 5.19. Linde Bangladesh's overall GF Score™ is 75/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Linde Bangladesh (DHA:LINDEBD), the current ROE % is 13.51% 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 Bangladesh (DHA:LINDEBD) Overvalued in 2026?

Based on GuruFocus' analysis, Linde Bangladesh stock appears to be undervalued. The current stock price of BDT700.00 is trading 18.2% below its estimated GF Value™ of BDT855.28. GuruFocus considers Linde Bangladesh to be Modestly Undervalued.

Key valuation signals for DHA:LINDEBD:

  • ROE %: 13.51% (41% below median its 10-year median of 23.04)
  • GF Value™: BDT855.28 vs. price of BDT700.00 (18.2% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 160.3% above the Chemicals median (#360 of 1591)

No single metric tells the full story. See the DHA:LINDEBD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Linde Bangladesh Business Description

Address 285 Tejgaon Industrial Area, Dhaka, BGD, 1208
Linde Bangladesh Ltd is a multinational industrial and medical gases company. The company provides products and services within a specific economic environment and supplies customers across a wide spectrum of industries ranging from chemicals and petrochemicals to steel. It operates 2 Air Separation Units (ASUs), 2 carbon dioxide manufacturing plants, and a DA manufacturing plant in the country. It serves various end markets such as chemicals and energy, food, beverage, electronics, healthcare, manufacturing, metals, defense, infrastructure, aerospace, and institutions. Its segments include Bulk Gases; Packaged Gas and Products; and the Healthcare business, which generates maximum revenue and comprises various medical gases, medical equipment, and medical pipelines.
75GF Score

Get the complete analysis for DHA:LINDEBD

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

BDT700.00
Price
BDT855.28
GF Value