Linde (BUD:LINDEPLC) Shiller PE Ratio: 47.92 (As of Aug. 08, 2026) — 15% Above Median

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BUD:LINDEPLC Linde PLC BUD:LINDEPLC
94 GF Score
Price Ft121,430.00
GF Value Ft125,594.86
! 3 Warning Signs
View Full Analysis

What is Linde Shiller PE Ratio?

Linde BUD:LINDEPLC 94 Shiller PE Ratio is 47.92 as of Aug. 08, 2026, which is 15% above its 10-year median of 41.52. GuruFocus rates BUD:LINDEPLC with a GF Score™ of 94/100 and a GF Value™ of Ft125,594.86. The stock has 3 warning signs investors should review. Among 1,081 Chemicals companies, Linde ranks worse than 78.26% on this metric.

As of today (2026-08-08), Linde's current share price is Ft121430.00. Linde's E10 for the quarter that ended in Jun. 2026 was Ft2,534.18. Linde's Shiller PE Ratio for today is 47.92.

The historical rank and industry rank for Linde's Shiller PE Ratio or its related term are showing as below:

BUD:LINDEPLC' s Shiller PE Ratio Range Over the Past 10 Years
Min: 22.41   Med: 41.52   Max: 56.76
Current: 45.27

During the past years, Linde's highest Shiller PE Ratio was 56.76. The lowest was 22.41. And the median was 41.52.

BUD:LINDEPLC's Shiller PE Ratio is ranked worse than
78.26% of 1081 companies
in the Chemicals industry
Industry Median: 21.37 vs BUD:LINDEPLC: 45.27

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Linde's adjusted earnings per share data for the three months ended in Jun. 2026 was Ft1,303.350. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is Ft2,534.18 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Linde  (BUD:LINDEPLC) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Linde Shiller PE Ratio Related Terms


Linde Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Linde's Shiller PE 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.

Linde Shiller PE Ratio Chart

Linde Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 49.85 43.45 49.77 46.04 42.35

Linde Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio 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 48.46 47.66 42.35 47.28 47.93

BUD:LINDEPLC vs SHW, ECL, APD: Shiller PE Ratio Comparison

For the Specialty Chemicals subindustry, Linde's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Linde's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Linde's Shiller PE Ratio falls into.


BUD:LINDEPLC
94GF Score
Linde PLC BUD:LINDEPLC
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Linde Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Linde's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=121430.00/2534.18
=47.92

* 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's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Linde's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1303.35/333.9520*333.9520
=1,303.350

Current CPI (Jun. 2026) = 333.9520.

Linde Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 370.591 241.428 512.615
201612 442.825 241.432 612.522
201703 423.981 243.801 580.758
201706 442.825 244.955 603.712
201709 455.387 246.819 616.149
201712 34.547 246.524 46.799
201803 499.356 249.554 668.236
201806 518.199 251.989 686.751
201809 496.215 252.439 656.444
201812 2,603.560 251.233 3,460.788
201903 295.217 254.202 387.835
201906 301.498 256.143 393.085
201909 423.981 256.759 551.448
201912 298.357 256.974 387.732
202003 336.045 258.115 434.779
202006 273.232 257.797 353.947
202009 414.560 260.280 531.901
202012 455.387 260.474 583.849
202103 584.152 264.877 736.488
202106 502.496 271.696 617.637
202109 590.433 274.310 718.808
202112 621.839 278.802 744.845
202203 722.339 287.504 839.037
202206 232.405 296.311 261.928
202209 797.713 296.808 897.543
202212 838.541 296.797 943.515
202303 961.024 301.836 1,063.279
202306 1,001.852 305.109 1,096.561
202309 1,001.852 307.789 1,087.012
202312 992.431 306.746 1,080.452
202403 1,052.102 312.332 1,124.930
202406 1,080.367 314.175 1,148.375
202409 1,011.274 315.301 1,071.094
202412 1,130.617 315.605 1,196.343
202503 1,102.352 319.799 1,151.138
202506 1,171.445 322.561 1,212.814
202509 1,284.507 324.800 1,320.701
202512 1,023.837 324.054 1,055.109
202603 1,249.960 330.213 1,264.113
202606 1,303.350 333.952 1,303.350

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 47.92 mean?
Linde (BUD:LINDEPLC) has a Shiller PE Ratio of 47.92 as of Aug. 08, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Linde and its competitors. This is 15% above median its historical median of 41.52. Over the past decade, Linde's Shiller PE Ratio has ranged from 22.41 to 56.76. According to the industry distribution chart, Linde ranks #846 out of 1081 companies in the Chemicals industry, placing it in the top 78.3%.
Is Linde's Shiller PE Ratio too high?
Linde's current Shiller PE Ratio of 47.92 is 15% above median its 10-year median of 41.52. Over the past 10 years, this metric has ranged from a low of 22.41 to a high of 56.76. The Chemicals industry median Shiller PE Ratio is 21.37. Linde's value of 47.92 is 124.2% above this industry median. Based on the distribution chart, Linde ranks #846 out of 1081 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Linde has a GF Score™ of 94/100, reflecting its overall financial health beyond just this single metric.
How does Linde's Shiller PE Ratio compare to SHW and ECL?
According to the Chemicals industry distribution chart, Linde ranks #846 out of 1081 companies for Shiller PE Ratio. This places Linde in the lower half of its industry. The industry median Shiller PE Ratio is 21.37. Linde's value of 47.92 is 124.2% above this benchmark. Historically, Linde's own Shiller PE Ratio has ranged from 22.41 to 56.76 over the past decade. While the company's 10-year median is 41.52 vs. the industry median of 21.37, Linde 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 Shiller PE Ratio for a Chemicals company?
The median Shiller PE Ratio among Chemicals companies is 21.37, based on 1,081 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Linde's current Shiller PE Ratio of 47.92 is 124.2% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Linde and its competitors. For the Chemicals industry, the median Shiller PE Ratio is 21.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde's current Shiller PE Ratio is 47.92, which is 15% above median its own 10-year median of 41.52. 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?
Linde (BUD:LINDEPLC) has a current Shiller PE Ratio of 47.92. The stock's GF Value™ is Ft125,594.86, compared to a current price of Ft121,430.00 — trading 3.3% below its estimated fair value. The current Shiller PE Ratio is 47.92, which is 15% above median its 10-year median of 41.52 and 124.2% above the Chemicals industry median of 21.37. Linde's overall GF Score™ is 94/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Linde (BUD:LINDEPLC), the current Shiller PE Ratio is 47.92 as of Aug. 08, 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 (BUD:LINDEPLC) Overvalued in 2026?

Based on GuruFocus' analysis, Linde stock appears to be undervalued. The current stock price of Ft121,430.00 is trading 3.3% below its estimated GF Value™ of Ft125,594.86.

Key valuation signals for BUD:LINDEPLC:

  • Shiller PE Ratio: 47.92 (15% above median its 10-year median of 41.52)
  • GF Value™: Ft125,594.86 vs. price of Ft121,430.00 (3.3% below fair value)
  • GF Score™: 94/100 with 3 warning signs
  • Industry Position: 124.2% above the Chemicals median (#846 of 1081)

No single metric tells the full story. See the BUD:LINDEPLC 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.
94GF Score

Get the complete analysis for BUD:LINDEPLC

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

Ft121,430.00
Price
Ft125,594.86
GF Value