Linde plc (LIN) P/E Ratio History
Historical price-to-earnings valuation from 1993 to 2026
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LIN Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Linde plc (LIN) trades at a price-to-earnings ratio of 34.3x, with a stock price of $500.39 and trailing twelve-month earnings per share of $15.28.
The current P/E is roughly in line with its 5-year average of 36.4x. Over the past five years, LIN's P/E has ranged from a low of 29.2x to a high of 47.3x, placing the current valuation at the 50th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 22.3x, LIN trades at a 54% premium to its sector peers. The sector includes 123 companies with P/E ratios ranging from 2.0x to 166.2x.
The PEG ratio of 1.35 (P/E divided by 7% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, LIN commands a significant premium over the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our LIN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
LIN P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $73B | 35.4 | - | -1% | |
| $24B | 15.4Lowest | 1.67 | +46% | |
| $77B | 30.4 | 4.40 | -3% | |
| $909M | 47.2 | 4.79 | +361%Best | |
| $6B | 15.6 | 0.57Best | -2% | |
| $9B | 18.9 | 5.86 | -47% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
LIN Historical P/E Data (1993–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $495.76 | $15.06 | 32.9x | +35% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $426.39 | $14.59 | 29.2x | +20% |
| FY2025 Q3 | $475.00 | $14.93 | 31.8x | +30% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $469.18 | $14.06 | 33.4x | +37% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $465.64 | $13.77 | 33.8x | +38% |
| FY2024 Q4 | $418.67 | $13.61 | 30.8x | +26% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $476.86 | $13.17 | 36.2x | +48% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $438.81 | $13.14 | 33.4x | +37% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $464.32 | $12.89 | 36.0x | +47% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $410.71 | $12.59 | 32.6x | +34% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $372.35 | $12.10 | 30.8x | +26% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $381.08 | $11.45 | 33.3x | +36% |
Average P/E for displayed period: 24.4x
Full LIN Stock Analysis
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Start ComparisonLIN — Frequently Asked Questions
Quick answers to the most common questions about buying LIN stock.
Is LIN stock overvalued or undervalued?
LIN trades at 34.3x P/E, near its 5-year average of 36.4x. The 50th percentile ranking places valuation within normal historical bounds.
How does LIN's valuation compare to peers?
Linde plc P/E of 34.3x compares to sector median of 22.3x. The premium reflects expected growth above peers.
What is LIN's PEG ratio?
LIN PEG ratio is 1.35. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 1993-2026.