Linde (WBO:LIN) Shiller PE Ratio: 44.11 (As of Aug. 21, 2026) — Near Median

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WBO:LIN Linde PLC WBO:LIN
84 GF Score
Price €418.60
GF Value €442.00
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Linde Shiller PE Ratio?

Linde WBO:LIN -0.05% 84 Shiller PE Ratio is 44.11 as of Aug. 21, 2026, which is 6% above its 10-year median of 41.79. GuruFocus rates WBO:LIN with a GF Score™ of 84/100 and a GF Value™ of €442.00 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,079 Chemicals companies, Linde ranks worse than 77.39% on this metric.

As of today (2026-08-21), Linde's current share price is €418.60. Linde's E10 for the quarter that ended in Jun. 2026 was €9.49. Linde's Shiller PE Ratio for today is 44.11.

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

WBO:LIN' s Shiller PE Ratio Range Over the Past 10 Years
Min: 22.41   Med: 41.79   Max: 56.76
Current: 44.45

During the past years, Linde's highest Shiller PE Ratio was 56.76. The lowest was 22.41. And the median was 41.79.

WBO:LIN's Shiller PE Ratio is ranked worse than
77.39% of 1079 companies
in the Chemicals industry
Industry Median: 21.93 vs WBO:LIN: 44.45

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 €3.602. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is €9.49 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Linde  (WBO:LIN) 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

WBO:LIN 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.


WBO:LIN
84GF Score
Linde PLC WBO:LIN
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
=418.60/9.49
=44.11

* 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)
=3.602/333.9520*333.9520
=3.602

Current CPI (Jun. 2026) = 333.9520.

Linde Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 1.051 241.428 1.454
201612 1.337 241.432 1.849
201703 1.262 243.801 1.729
201706 1.255 244.955 1.711
201709 1.217 246.819 1.647
201712 0.093 246.524 0.126
201803 1.289 249.554 1.725
201806 1.412 251.989 1.871
201809 1.354 252.439 1.791
201812 7.287 251.233 9.686
201903 0.832 254.202 1.093
201906 0.850 256.143 1.108
201909 1.226 256.759 1.595
201912 0.855 256.974 1.111
202003 0.968 258.115 1.252
202006 0.773 257.797 1.001
202009 1.121 260.280 1.438
202012 1.192 260.474 1.528
202103 1.562 264.877 1.969
202106 1.328 271.696 1.632
202109 1.598 274.310 1.945
202112 1.752 278.802 2.099
202203 2.088 287.504 2.425
202206 0.700 296.311 0.789
202209 2.565 296.808 2.886
202212 2.520 296.797 2.835
202303 2.858 301.836 3.162
202306 2.944 305.109 3.222
202309 2.989 307.789 3.243
202312 2.898 306.746 3.155
202403 3.082 312.332 3.295
202406 3.196 314.175 3.397
202409 2.901 315.301 3.073
202412 3.438 315.605 3.638
202503 3.247 319.799 3.391
202506 3.234 322.561 3.348
202509 3.485 324.800 3.583
202512 2.784 324.054 2.869
202603 3.443 330.213 3.482
202606 3.602 333.952 3.602

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 44.11 mean?
Linde (WBO:LIN) has a Shiller PE Ratio of 44.11 as of Aug. 21, 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 near median its historical median of 41.79. 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 #835 out of 1079 companies in the Chemicals industry, placing it in the top 77.4%.
Is Linde's Shiller PE Ratio too high?
Linde's current Shiller PE Ratio of 44.11 is near median its 10-year median of 41.79. 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 21.93. Linde's value of 44.11 is 101.1% above this industry median. Based on the distribution chart, Linde ranks #835 out of 1079 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Linde has a GF Score™ of 84/100 and is considered Fairly Valued, 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 #835 out of 1079 companies for Shiller PE Ratio. This places Linde in the lower half of its industry. The industry median Shiller PE Ratio is 21.93. Linde's value of 44.11 is 101.1% 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 41.79 vs. the industry median of 21.93, 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 21.93, based on 1,079 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 44.11 is 101.1% 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 21.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde's current Shiller PE Ratio is 44.11, which is near median its own 10-year median of 41.79. 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 €442.00, compared to a current price of €418.60 — trading 5.3% below its estimated fair value. The current Shiller PE Ratio is 44.11, which is near median its 10-year median of 41.79 and 101.1% above the Chemicals industry median of 21.93. Linde's overall GF Score™ is 84/100 with 1 warning sign 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 (WBO:LIN), the current Shiller PE Ratio is 44.11 as of Aug. 21, 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 undervalued. The current stock price of €418.60 is trading 5.3% below its estimated GF Value™ of €442.00. GuruFocus considers Linde to be Fairly Valued.

Key valuation signals for WBO:LIN:

  • Shiller PE Ratio: 44.11 (near median its 10-year median of 41.79)
  • GF Value™: €442.00 vs. price of €418.60 (5.3% below fair value)
  • GF Score™: 84/100 with 1 warning sign
  • Industry Position: 101.1% above the Chemicals median (#835 of 1079)

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.
84GF Score

Get the complete analysis for WBO:LIN

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

€418.60
Price
€442.00
GF Value