Air LiquideXSWX:AI1 98 ROE % is 13.50% as of Dec. 2025, which is 5% above its 10-year median of 12.84. GuruFocus rates XSWX:AI1 with a GF Score™ of 98/100 and a GF Value™ of CHF140.88. The stock has 5 warning signs investors should review. Among 1,590 Chemicals companies, Air Liquide ranks better than 82.77% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Air Liquide's annualized net income for the quarter that ended in Dec. 2025 was CHF3,204 Mil. Air Liquide's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was CHF23,727 Mil. Therefore, Air Liquide's annualized ROE % for the quarter that ended in Dec. 2025 was 13.50%.
The historical rank and industry rank for Air Liquide's ROE % or its related term are showing as below:
XSWX:AI1'
s ROE % Range Over the Past 10 Years
Min: 12.21 Med: 12.84 Max: 13.6
Current: 13.6
During the past 13 years, Air Liquide's highest ROE % was 13.60%. The lowest was 12.21%. And the median was 12.84%.
XSWX:AI1's ROE % is ranked better than 82.77% of 1590
companies
in the Chemicals industry
Industry Median: 5.195
vs XSWX:AI1: 13.60
Air Liquide (XSWX:AI1) 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:
Note:
The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) 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.
Air Liquide ROE % Related Terms
Air Liquide ROE % Historical Data
* Premium members only.
The historical data trend for Air Liquide'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.
For the Specialty Chemicals subindustry, Air Liquide'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.
Air Liquide ROE % vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Liquide's ROE % distribution charts can be found below:
* The bar in red indicates where Air Liquide's ROE % 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.
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 two times the semi-annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Air Liquide (XSWX:AI1) has a ROE % of 13.50% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Air Liquide and its competitors. This is near median its historical median of 12.84. Over the past decade, Air Liquide's ROE % has ranged from 12.21 to 13.60. According to the industry distribution chart, Air Liquide ranks #274 out of 1590 companies in the Chemicals industry, placing it in the top 17.2%.
Is Air Liquide's ROE % too high?
Air Liquide's current ROE % of 13.50% is near median its 10-year median of 12.84. Over the past 10 years, this metric has ranged from a low of 12.21 to a high of 13.60. The Chemicals industry median ROE % is 5.20. Air Liquide's value of 13.50% is 159.9% above this industry median. Based on the distribution chart, Air Liquide ranks #274 out of 1590 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Air Liquide has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Air Liquide's ROE % compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Liquide ranks #274 out of 1590 companies for ROE %. This places Air Liquide in the top 17% of its industry — outperforming the majority of peers. The industry median ROE % is 5.20. Air Liquide's value of 13.50% is 159.9% above this benchmark. Historically, Air Liquide's own ROE % has ranged from 12.21 to 13.60 over the past decade. While the company's 10-year median is 12.84 vs. the industry median of 5.20, Air Liquide 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 5.20, based on 1,590 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. Air Liquide's current ROE % of 13.50% is 159.9% 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 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 Air Liquide and its competitors. For the Chemicals industry, the median ROE % is 5.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Liquide's current ROE % is 13.50%, which is near median its own 10-year median of 12.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Liquide stock overvalued right now?
Air Liquide (XSWX:AI1) has a current ROE % of 13.50%. The stock's GF Value™ is CHF140.88, compared to a current price of CHF157.66 — trading 11.9% above its estimated fair value. The current ROE % is 13.50%, which is near median its 10-year median of 12.84 and 159.9% above the Chemicals industry median of 5.20. Air Liquide's overall GF Score™ is 98/100 with 5 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 Air Liquide (XSWX:AI1), the current ROE % is 13.50% as of Dec. 2025. 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 Air Liquide (XSWX:AI1) Overvalued in 2026?
Based on GuruFocus' analysis, Air Liquide stock appears to be overvalued.
The current stock price of CHF157.66 is trading 11.9% above its estimated GF Value™ of CHF140.88.
Key valuation signals for XSWX:AI1:
ROE %: 13.50% (near median its 10-year median of 12.84)
GF Value™: CHF140.88 vs. price of CHF157.66 (11.9% above fair value)
Industry Position: 159.9% above the Chemicals median (#274 of 1590)
No single metric tells the full story. See the XSWX:AI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 27.9 billion of revenue in 2025, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. Air Liquide employs approximately 65,000 people.
98GF Score
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