EN DE
STOCK COMPARISON

Formosan Rubber Group vs Linde: Fair Value & Quality

Both stocks run through our valuation models. Here is how Formosan Rubber Group (2107) and Linde (LIN) compare, as of Sep 25, 2026.

As of Sep 25, 2026, Fair Value Calculator sees Linde as the less overvalued of the two: Formosan Rubber Group trades at TWD 26.95 versus a fair value of TWD 20.95 (-22%), while Linde trades at $468 versus $442 (-6%).
Formosan Rubber Group
2107.TW · TWD · Materials
-22%
upside to fair value
overvalued
PriceTWD 26.95
Fair ValueTWD 20.95
Quality70/100
Linde
LIN · USD · Materials
-6%
upside to fair value
fairly valued
Price$468
Fair Value$442
Quality69/100
Get comparisons like this free by email every month: the most undervalued quality stocks.

Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Formosan Rubber GroupLinde
Valuation
16.1×P/E (TTM)30.3×
5.95×P/S (TTM)6.13×
0.61×P/B5.69× · book value is mostly goodwill
21.1×EV/EBITDA16.9×
n/aPEG1.80×
−22.3%Fair value upside−5.6%
5.2%Dividend yield1.3%
TWD 1.40Dividend per share$6.20
Profitability
19%Operating margin28%
0.69×EBIT margin trend (5Y)1.84×
3%Return on equity18%
1%Return on assets7%
Growth
-17%Revenue growth (YoY)9%
-9.3%Avg. growth/yr (3Y)0.6%
-15.1%Avg. growth/yr (5Y)4.5%
−2.7%Value creation/yr+24.2%
Balance & size
12.4×Interest coverage (EBIT/interest)42.1×
0.02×Debt / equity0.54×
$258MMarket cap$217B
weakGrowth qualityhealthy

Linde leads: 4 to 10 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Formosan Rubber Groupof which business quality 68 · market factors 70 Lindeof which business quality 66 · market factors 52
ProfitabilityMargins and returns on capital today
33
51
Quality GrowthAre margins and returns improving?
43
51
CashflowEarnings quality: real cash, not paper profit
89
64
Fin. StrengthBalance sheet, leverage, solvency risk
82
69
InvestmentDisciplined investing over empire-building
84
70
Low VolatilityCalm price path (market factor)
100
87
MomentumPrice trend over the last 3–12 months (market factor)
50
35
52W MomentumDistance to the 52-week high (market factor)
69
42
Net IssuanceShare count: buybacks or dilution?
83
95

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyFormosan Rubber GroupPrice TWD 26.95LindePrice $468
DCF Models-21%below the priceTWD 21.19-54%below the price$217
Earnings-Based-57%below the priceTWD 11.68-72%below the price$132
Dividend Discountn/a-75%below the price$116
Multiples-36%below the priceTWD 17.25-49%below the price$240
Asset-Based+10%close to the priceTWD 29.76-88%below the price$55.59
Growth DCF-24%below the priceTWD 20.49-66%below the price$160
Economic Profit-31%below the priceTWD 18.68-67%below the price$157
Growth Earnings-19%below the priceTWD 21.70-56%below the price$205
Minimum-57%below the priceTWD 11.68-88%below the price$55.59
Maximum+10%close to the priceTWD 29.76-49%below the price$240
Median-24%below the priceTWD 20.49-66%below the price$158
Geometric mean-28%below the priceTWD 19.46-68%below the price$148

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Formosan Rubber Group: 17 of 22 models see the stock below the current price.

Linde: 26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Formosan Rubber Group
Price TWD 26.95
Fair Value TWD 20.95
Bear TWD 18.35Bull TWD 25.35
Linde
Price $468
Fair Value $442
Bear $247Bull $739

Compare two other stocks

Tap a field and type again, ticker or company name.

Free, no sign-up

Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Formosan Rubber Group · Materials

Quality score70 · Top 25%
Fair value upside-22% · below median

Linde · Materials

Quality score69 · Top 25%
Fair value upside-6% · above median

Bottom line

As of Sep 25, 2026, Fair Value Calculator sees Linde as the less overvalued of the two: Formosan Rubber Group trades at TWD 26.95 versus a fair value of TWD 20.95 (-22%), while Linde trades at $468 versus $442 (-6%).

Formosan Rubber Group has the higher quality score (70/100).

Open Linde live analysis →
Formosan Rubber Group · Linde

More comparisons

Popular match-ups from the same sectors, all with fair value and quality score.

Related to Formosan Rubber Group

Microsoft vs NvidiaApple vs MicrosoftNvidia vs Taiwan Semiconductor ManufacturingApple vs Taiwan Semiconductor Manufacturing

Related to Linde

Microsoft vs Taiwan Semiconductor ManufacturingBroadcom vs MicrosoftMicrosoft vs Micron TechnologyAdvanced Micro Devices vs Microsoft
Free · Top-25 report

See the undervalued quality stocks every month

Just your email for the monthly Top-25 report of the most undervalued quality stocks, with fair value, quality and price target. Plus 14 days of Pro to try, no card.

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click. Not financial advice.

A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.