Linde (The Linde Group) is a listed, globally active industrial group headquartered in Dublin and with operational headquarters in Guildford, UK. Linde's core business are process plants that extract or produce gases. Linde is the global market leader in industrial gases ahead of its French competitor Air Liquide.
P/E ratio for Linde (LIN)
P/E ratio as of April 2024 (TTM): 36.5
According to Linde's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 36.4803. At the end of 2022 the company had a P/E ratio of 39.3.
P/E ratio history for Linde from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 39.3 | -16.17% |
| 2021 | 46.9 | -15.68% |
| 2020 | 55.6 | 10.45% |
| 2019 | 50.3 | 328.03% |
| 2018 | 11.8 | -66.93% |
| 2017 | 35.6 | 59.6% |
| 2016 | 22.3 | 17.27% |
| 2015 | 19.0 | -15.24% |
| 2014 | 22.4 | 2.4% |
| 2013 | 21.9 | 13.4% |
| 2012 | 19.3 | -0.14% |
| 2011 | 19.3 | -21.23% |
| 2010 | 24.5 | 24.68% |
| 2009 | 19.7 | 28.33% |
| 2008 | 15.3 | -36.02% |
| 2007 | 24.0 | 22.85% |
| 2006 | 19.5 | -17.45% |
| 2005 | 23.6 | 14.6% |
| 2004 | 20.6 | -3.33% |
| 2003 | 21.3 | 24.49% |
| 2002 | 17.1 | -17.78% |
| 2001 | 20.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Sinclair Broadcast SBGI | 9.41 | -74.21% | 🇺🇸 USA |
 Nexstar Media Group
NXST | 8.78 | -75.94% | 🇺🇸 USA |
 Entravision Communications
EVC | 23.4 | -35.73% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.