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STOCK COMPARISON

Agnico Eagle Mines vs Linde: Fair Value & Quality

Both stocks run through our valuation models. Here is how Agnico Eagle Mines (AEM) and Linde (LIN) compare, as of Oct 19, 2026.

As of Oct 19, 2026, Fair Value Calculator sees Agnico Eagle Mines as the more attractively valued of the two: Agnico Eagle Mines trades at $190 versus a fair value of $220 (+15.9%), while Linde trades at $498 versus $442 (−11.4%).
Agnico Eagle Mines
AEM · USD · Materials
+15.9%
upside to fair value
undervalued
Price$190
Fair Value$220
Quality73/100
Linde
LIN · USD · Materials
−11.4%
upside to fair value
overvalued
Price$498
Fair Value$442
Quality69/100
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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

Agnico Eagle MinesLinde
Valuation
16.4×P/E (TTM)32.3×
22.8×P/E ex one-offs (FY2025)32.9×
15.2×Forward P/E (FY2027)27.5×
31.0×Median P/E at FY-end (ex one-offs where documented)32.9×
6.56×P/S (TTM)6.53×
3.85×P/B6.05× · book value is mostly goodwill
9.1×EV/EBITDA17.9×
28.15×PEG1.80×
+15.9%Fair value upside−11.4%
0.9%Dividend yield1.2%
$1.70Dividend per share$6.20
Profitability
58.1%Operating margin28.1%
2.03×EBIT margin trend (5Y)1.84×
23.0%Return on equity18.4%
12.9%Return on assets8.0%
Growth
35.0%Revenue growth (YoY)9.3%
27.5%Avg. growth/yr (3Y)0.6%
30.6%Avg. growth/yr (5Y)4.5%
+32.3%Value creation/yr+23.1%
Balance & size
226.9×Interest coverage (EBIT/interest)42.1×
0.01×Debt / equity0.54×
$95BMarket cap$232B
expensiveGrowth qualityhealthy
The P/E excluding one-off items is only shown where the special items are documented in the accounts (our own raw data or SEC filings). If one side lacks it, the reported P/E stays scored.
Agnico Eagle Mines, median P/E at fiscal year-end, 9 fiscal years (2016 to 2025), reported earnings, 5 of the years ex one-offs: 31. Linde, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 7 of the years ex one-offs: 32.9.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Agnico Eagle Mines leads: 11 to 4 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.

Agnico Eagle Mines Linde
ProfitabilityHow much profit the company makes from its sales and capital
60
51
Quality GrowthAre margins and returns getting better?
97
51
CashflowDo the profits arrive as real cash?
79
64
Financial strengthDebt, balance sheet and risk of trouble
85
69
InvestmentDoes it invest with discipline instead of growing at any price?
19
70
Low VolatilityHow calm the share price moves, does not count
56
87
MomentumPrice trend of the last 3 to 12 months, does not count
56
41
Near the 52-week highDistance to the 52-week high, does not count
44
59
New sharesBuys back shares or issues new ones?
78
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 familyAgnico Eagle MinesPrice $190LindePrice $498
DCF Models+30.7%above the price$248−55.7%below the price$221
Earnings-Based−8.0%close to the price$174−72.7%below the price$136
Dividend Discount−85.4%below the price$27.64−75.1%below the price$124
Multiples−28.3%below the price$136−55.1%below the price$224
Asset-Based−85.6%below the price$27.24n/a
Growth DCF+0.7%close to the price$191−66.0%below the price$170
Economic Profit−35.0%below the price$123−67.0%below the price$165
Growth Earnings+15.9%above the price$220−58.9%below the price$205
Minimum−85.6%below the price$27.24−75.1%below the price$124
Maximum+30.7%above the price$248−55.1%below the price$224
Median−18.1%below the price$155−66.0%below the price$170
Geometric mean−41.5%below the price$111−65.1%below the price$174

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%.

Agnico Eagle Mines: 17 of 26 models see the stock below the current price.

Linde: 24 of 24 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.

Agnico Eagle Mines
Price $190
Fair Value $220
Bear $128Bull $286
Linde
Price $498
Fair Value $442
Bear $247Bull $583

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Ranked within their sector

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

Agnico Eagle Mines · Materials

Quality score73 · Top 25%
Fair value upside+15.9% · above median

Linde · Materials

Quality score69 · Top 25%
Fair value upside−11.4% · above median

Bottom line

As of Oct 19, 2026, Fair Value Calculator sees Agnico Eagle Mines as the more attractively valued of the two: Agnico Eagle Mines trades at $190 versus a fair value of $220 (+15.9%), while Linde trades at $498 versus $442 (−11.4%).

Agnico Eagle Mines has the higher quality score (73/100).

Open Agnico Eagle Mines live analysis →

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