AIQUF (Air Liquide) Shares Outstanding (Basic Average): 635 Mil (As of Dec. 2025)


AIQUF Air Liquide SA AIQUF
88 GF Score
Price $193.21
GF Value $169.64
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Air Liquide Shares Outstanding (Basic Average)?

Air Liquide AIQUF +1.77% 88 Shares Outstanding (Basic Average) is 635 Mil as of Dec. 2025. GuruFocus rates AIQUF with a GF Score™ of 88/100 and a GF Value™ of $169.64 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Air Liquide's average basic shares outstanding for the quarter that ended in Dec. 2025 was 635 Mil.

Air Liquide  (OTCPK:AIQUF) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.

Air Liquide Shares Outstanding (Basic Average) Related Terms

Air Liquide Shares Outstanding (Basic Average) Historical Data

* Premium members only.

The historical data trend for Air Liquide's Shares Outstanding (Basic Average) 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.

Air Liquide Shares Outstanding (Basic Average) Chart

Air Liquide Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 630.20 631.70 633.39 634.10 634.47

Air Liquide Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Shares Outstanding (Basic Average) 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 633.58 633.98 634.23 634.23 634.71
AIQUF
88GF Score
Air Liquide SA AIQUF
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Air Liquide Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 635 Mil mean?
Air Liquide (AIQUF) has a Shares Outstanding (Basic Average) of 635 Mil as of Dec. 2025. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Air Liquide and its competitors.
Is Air Liquide's Shares Outstanding (Basic Average) too high?
Air Liquide's current Shares Outstanding (Basic Average) is 635 Mil. Overall, Air Liquide has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Liquide's Shares Outstanding (Basic Average) compare to LIN and SHW?
Air Liquide's Shares Outstanding (Basic Average) of 635 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 Shares Outstanding (Basic Average) for a Chemicals company?
A good Shares Outstanding (Basic Average) depends on the Chemicals industry context. However, Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Air Liquide and its competitors. Air Liquide's current Shares Outstanding (Basic Average) is 635 Mil. 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?
Based on GuruFocus' analysis, Air Liquide (AIQUF) is currently considered Modestly Overvalued. The stock's GF Value™ is $169.64, compared to a current price of $193.21 — trading 13.9% above its estimated fair value. The current Shares Outstanding (Basic Average) is 635 Mil. Air Liquide's overall GF Score™ is 88/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Air Liquide (AIQUF), the current Shares Outstanding (Basic Average) is 635 Mil 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 (AIQUF) Overvalued in 2026?

Based on GuruFocus' analysis, Air Liquide stock appears to be overvalued. The current stock price of $193.21 is trading 13.9% above its estimated GF Value™ of $169.64. GuruFocus considers Air Liquide to be Modestly Overvalued.

Key valuation signals for AIQUF:

  • Shares Outstanding (Basic Average): 635 Mil
  • GF Value™: $169.64 vs. price of $193.21 (13.9% above fair value)
  • GF Score™: 88/100 with 5 warning signs

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

Air Liquide Business Description

Address 1, Paris, FRA, 75007
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.
88GF Score

Get the complete analysis for AIQUF

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$193.21
Price
$169.64
GF Value