Linde plc (0M2B) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Linde plc €356, price €428, upside -16.8%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.
How to read this chart
60‑month range €222.52 – €477.20 · fair‑value band €249.40 – €463.16 · the €428.00 price screens above the €356.28 fair value. Dashed = 300-day average. As of Sep 28, 2026.
Linde plc operates as an industrial gas company worldwide. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, and acetylene.
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Linde plc operates as an industrial gas company worldwide. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, and acetylene. The company also engages in designing and constructing of turnkey process plants for third-party customers, as well as for the gas businesses in various locations comprising air separation, hydrogen, synthesis, olefin, and natural gas plants. It serves healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics industries. The company operates in the United States, Brazil, Mexico, Canada, Germany, the Unted Kingdom, Eastern Europe, China, Australia, South Korea, And India. Linde plc was founded in 1879 and is based in Woking, the United Kingdom.
Stock analysis
Linde plc (0M2B) currently trades at €428.00, while our model-based Fair Value estimate is €356.28, 16.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €345.04 per share, and 3 of the 25 models we run sit above the €428.00 price.
Bear case: the Asset-Based group reads lowest at €79.32, and 22 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: €249.40 (bear) to €463.16 (bull), the price of €428.00 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 55/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Linde plc reported revenue of $27.2B in FY2020 versus $10.5B in FY2016, a compound +26.8%/yr. Reported net income was $2.5B in FY2020, compounding +13.6%/yr from FY2016.
Key figures
Market cap €152B · P/S ratio 4.38 · Dividend yield 1.4% · Net margin 9.2% · Return on equity 18.2% · Return on assets (EBIT) 7.3% · Operating margin 28.5% · Revenue (TTM) $34.7B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at −17%, 0M2B screens cheaper than that median.
Fair Value models
Bear €249.40Fair Value €356.28Bull €463.16
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+33.9%
’16
’17
’18
’19
’20
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
21.3% (2016) → 12.2% (2020)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no share-count history
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Linde plc Fair Value". https://www.fairvalue-calculator.com/stock/0M2B
Frequently asked questions
Is Linde plc (0M2B) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of €356.28 versus a price of €428.00, about −17% upside (overvalued).
What is the fair value of 0M2B?
Our model-based fair value for Linde plc is €356.28 (as of Sep 28, 2026), built from audited fundamentals. The current price: €428.00.
What is the quality score of 0M2B?
Linde plc has a Quality Score of 55/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Linde plc (0M2B)?
Our model-based price target is the fair value of €356.28 (as of Sep 28, 2026) from 25 valuation models. Cautious scenario €249.40, optimistic scenario €463.16. It is a calculation from audited fundamentals, not an analyst target.
What is the Linde plc stock forecast for 2026?
Our models put fair value at €356.28, about −17% upside versus a price of €428.00 (overvalued). Cautious scenario €249.40, optimistic scenario €463.16. The calculation is refreshed regularly with new filings.
What is the revenue of Linde plc (0M2B)?
Linde plc reported trailing-twelve-month revenue of about $34.7B (latest available figure, as of Sep 28, 2026).
Does Linde plc pay a dividend?
Linde plc currently shows a dividend yield of about 1.43% relative to its recent price (as of Sep 28, 2026).
What is the intrinsic value of Linde plc (0M2B)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Linde plc it is €356.28 per share (as of Sep 28, 2026), against a price of €428.00. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Linde plc stock overvalued or undervalued in 2026?
As of Sep 28, 2026, 0M2B trades above its calculated fair value: price €428.00, fair value €356.28, a gap of about −17% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 0M2B?
No. The price is what the market pays today (€428.00); the fair value is what the company's own numbers justify (€356.28). For Linde plc the two are €71.72 per share apart. That gap is exactly why we show both numbers side by side.
How much is Linde plc worth?
The market values Linde plc at about €152B (market capitalisation, as of Sep 28, 2026). Per share that is €428.00; our models calculate a fair value of €356.28 per share.
What do the bullish and bearish scenarios say about 0M2B?
Our models span a range for Linde plc: cautious scenario €249.40, base €356.28, optimistic €463.16 per share (as of Sep 28, 2026, price €428.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0M2B from its 52-week high?
Linde plc trades at €428.00, about 10% below its 52-week high of €477.20 and 28% above the low of €334.07 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €356.28 is for.
Which stocks are comparable to Linde plc?
From the same area (Basic Materials) we also value Saudi Basic Industries Corporation, Ningxia Baofeng Energy Group, Dow Inc, Hengli Petrochemical Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Linde plc stock attractive at the current price?
The data as of Sep 28, 2026: price €428.00, calculated fair value €356.28 (−17%), Quality Score 55/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 0M2B calculated?
We run Linde plc through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €356.28, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Linde plc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Linde plc (0M2B)?
The closing price on Oct 2, 2026 was €428.00. Our model-based fair value is €356.28, about −17% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Linde plc right now?
Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€249.40 to €463.16) leaves room in how you read the outcome.
Key figures of Linde plc
How large is the market capitalisation of Linde plc (0M2B)?
The market capitalisation of Linde plc is €152B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Linde plc (0M2B)?
The price-to-sales ratio of Linde plc is 4.38 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Linde plc (0M2B)?
The dividend yield of Linde plc is 1.4%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Linde plc (0M2B)?
The net margin of Linde plc is 9.2% (fiscal year 2020). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Linde plc (0M2B)?
The return on equity (ROE) of Linde plc is 18.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Linde plc (0M2B)?
On an EBIT basis the return on assets of Linde plc is 7.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Linde plc (0M2B)?
The operating margin of Linde plc is 28.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Linde plc (0M2B)?
Revenue at Linde plc is growing +8.2% versus a year earlier (3y avg +33.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Linde plc (0M2B)?
Earnings per share at Linde plc are growing +13.4% versus a year earlier. How much earnings per share grew versus a year earlier.
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