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STOCK COMPARISON

Linde vs Newmont Goldcorp: Fair Value & Quality

Both stocks run through our valuation models. Here is how Linde (LIN) and Newmont Goldcorp (NEM) compare, as of Oct 22, 2026.

As of Oct 22, 2026, Fair Value Calculator sees Newmont Goldcorp as the more attractively valued of the two: Linde trades at $501 versus a fair value of $445 (−11.1%), while Newmont Goldcorp trades at $117 versus $128 (+9.7%).
Linde
LIN · USD · Materials
−11.1%
upside to fair value
overvalued
Price$501
Fair Value$445
Quality69/100
Newmont Goldcorp
NEM · USD · Materials
+9.7%
upside to fair value
fairly valued
Price$117
Fair Value$128
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

LindeNewmont Goldcorp
Valuation
32.4×P/E (TTM)14.7×
33.0×P/E ex one-offs (FY2025)9.1×
27.5×Forward P/E (FY2027)11.6×
32.9×Median P/E at FY-end (ex one-offs where documented)32.3×
6.58×P/S (TTM)4.84×
6.10× · book value is mostly goodwillP/B3.68×
18.0×EV/EBITDA7.2×
1.80×PEG2.83×
−11.1%Fair value upside+9.7%
1.2%Dividend yield0.9%
$6.20Dividend per share$1.03
Profitability
28.1%Operating margin51.6%
1.84×EBIT margin trend (5Y)1.80×
18.4%Return on equity25.9%
8.0%Return on assets12.4%
Growth
9.3%Revenue growth (YoY)15.1%
0.6%Avg. growth/yr (3Y)22.7%
4.5%Avg. growth/yr (5Y)14.1%
+23.1%Value creation/yr+62.7%
Balance & size
42.1×Interest coverage (EBIT/interest)34.4×
0.54×Debt / equity0.15×
$233BMarket cap$125B
healthyGrowth qualityhealthy
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
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. Newmont Goldcorp, median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), earnings ex one-offs: 32.3.
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.

Newmont Goldcorp 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.

Linde Newmont Goldcorp
ProfitabilityHow much profit the company makes from its sales and capital
51
61
Quality GrowthAre margins and returns getting better?
51
92
CashflowDo the profits arrive as real cash?
64
81
Financial strengthDebt, balance sheet and risk of trouble
69
85
InvestmentDoes it invest with discipline instead of growing at any price?
70
22
Low VolatilityHow calm the share price moves, does not count
87
62
MomentumPrice trend of the last 3 to 12 months, does not count
42
65
Near the 52-week highDistance to the 52-week high, does not count
60
65
New sharesBuys back shares or issues new ones?
95
50

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 familyLindePrice $501Newmont GoldcorpPrice $117
DCF Models−55.7%below the price$222+27.4%above the price$149
Earnings-Based−72.7%below the price$137−37.2%below the price$73.63
Dividend Discount−75.0%below the price$125n/a
Multiples−55.3%below the price$224−13.3%close to the price$102
Asset-Basedn/a−83.1%below the price$19.84
Growth DCF−66.0%below the price$170+6.7%close to the price$125
Economic Profit−67.0%below the price$165−34.3%below the price$77.02
Growth Earnings−59.1%below the price$205−7.2%close to the price$109
Minimum−75.0%below the price$125−83.1%below the price$19.84
Maximum−55.3%below the price$224+27.4%above the price$149
Median−66.0%below the price$170−13.3%close to the price$102
Geometric mean−65.2%below the price$174−30.7%below the price$81.17

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%.

Linde: 24 of 24 models see the stock below the current price.

Newmont Goldcorp: 14 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.

Linde
Price $501
Fair Value $445
Bear $248Bull $583
Newmont Goldcorp
Price $117
Fair Value $128
Bear $96.37Bull $161

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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.

Linde · Materials

Quality score69 · Top 25%
Fair value upside−11.1% · above median

Newmont Goldcorp · Materials

Quality score69 · Top 25%
Fair value upside+9.7% · above median

Bottom line

As of Oct 22, 2026, Fair Value Calculator sees Newmont Goldcorp as the more attractively valued of the two: Linde trades at $501 versus a fair value of $445 (−11.1%), while Newmont Goldcorp trades at $117 versus $128 (+9.7%).

Open Newmont Goldcorp 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.