Linde plc (LIN) Stock Analysis
Over the past 10 years, Linde (LIN) earnings per share (EPS) grew 10.5% a year, revenue grew 12.2% a year and free cash flow grew 16.1% a year, with an average return on invested capital (ROIC) of 6.6%. LIN stock trades at $498.43, a P/E of 30.2, below its historical average of 36.2. Analysts' average 12-month price target is $556.90 (+11.7%).
Linde plc functions as a global industrial gas and engineering powerhouse, extending its operations throughout North and South America, Europe, the Middle East, Africa, and the Asia Pacific.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 18.3% | -1.7% | 3.4% | C+ |
| EPS GrowthEPS | 10.5% | 25.3% | 11.2% | A- |
| Revenue GrowthRevenue | 12.2% | 4.5% | 6.6% | C+ |
| Cash Flow GrowthCash Flow | 16.1% | 4.8% | -1.9% | C+ |
| ROICROIC | 6.6% | 8.0% | 9.3% | C+ |
Exhibit B Valuation Ledger
- Current EPS
- $16.48
- Historical Avg P/E
- 36.2
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $15.18 | $17.45 | $20.82 | $154.42 | $90.02 | $89.08 | $84.38 | $79.41 | $80.68 | $79.01 | $81.60 | $84.13 | |
| Basic EPSEPS | $5.39 | $5.25 | $4.36 | $13.26 | $4.22 | $4.75 | $7.40 | $8.30 | $12.70 | $13.71 | $14.67 | $16.48 | |
| RevenueRevenue | $10,776,000,000 | $10,534,000,000 | $11,437,000,000 | $14,836,000,000 | $28,228,000,000 | $27,243,000,000 | $30,793,000,000 | $33,364,000,000 | $32,854,000,000 | $33,005,000,000 | $33,986,000,000 | $35,449,000,000 | |
| Free Cash FlowCash Flow | $1,141,000,000 | $1,308,000,000 | $1,730,000,000 | $1,819,000,000 | $2,506,000,000 | $4,029,000,000 | $6,639,000,000 | $5,691,000,000 | $5,518,000,000 | $4,926,000,000 | $5,089,000,000 | $4,975,000,000 | |
| ROIC (%)ROIC | 10.7% | 9.8% | 7.6% | 2.3% | 3.1% | 3.7% | 5.6% | 7.0% | 8.8% | 9.2% | 9.3% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
29 firms rate it — 26 buy, 3 hold · Most recent Oct 2026
LIN Stock FAQ
What is LIN's stock price target?
The average 12-month analyst price target for LIN is $556.90, with a range of $525.00 to $580.00. That is +11.7% from the current price of $498.43.
Do analysts rate LIN a buy?
Most rate it a buy. Of 29 firms covering Linde, the ratings are 26 buy or strong buy, 3 hold and 0 sell or strong sell.
How fast is Linde growing?
Annual growth rates for LIN. EPS: 10.5% over 10 years, 25.3% over 5 years, 11.2% over 1 year. Revenue: 12.2% over 10 years, 4.5% over 5 years, 6.6% over 1 year. Free cash flow: 16.1% over 10 years, 4.8% over 5 years, -1.9% over 1 year. Book value per share: 18.3% over 10 years, -1.7% over 5 years, 3.4% over 1 year.
What is LIN's ROIC?
Linde's return on invested capital (ROIC) was 9.3% in fiscal 2025. Its 10-year average ROIC is 6.6%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is LIN's P/E ratio?
LIN's current P/E ratio is 30.2, compared with a historical average of 36.2. Trailing earnings per share are $16.48.
What is Linde's market cap and stock price?
LIN last traded at $498.43 as of October 19, 2026. Its 52-week range is $387.78 to $548.20. Linde has a market cap of $229.77B.
Exhibit D Related Coverage
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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.