Linde price to free cash flow LIN

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 47.1×
10-year median: 34.5×
Against its 10-year history: 98th; percentile: 0 is its lowest day, 100 its highest
10-year range: 19.5× to 49.6×
Peer median: 34.3×

Linde's price to free cash flow is 47.1× as of Oct 23, 2026.

That is above its ten-year median of 34.5×, higher than on 98% of days in the last ten years.

Over that time it ranged from 19.5× in Sep 2022 to 49.6× in Jul 2026.

The median for 5 specialty chemicals stocks of a similar size is 34.3×.

Price to free cash flow over time

median 34.5×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	47.1×	39.5×	49.6×
2025	39.1×	36.8×	45.6×
2024	40.7×	38.1×	47.9×
2023	39.0×	22.6×	39.4×
2022	23.3×	19.5×	30.5×
2021	31.4×	28.9×	37.8×
2020	36.6×	32.2×	46.5×
2019	21.4×	20.1×	21.8×
2018	27.9×	26.4×	30.6×
2017	28.6×	23.8×	28.6×
2016	24.0×	23.4×	29.9×
2015	28.4×	26.3×	31.9×
2014	28.8×	24.5×	52.6×
2013	51.6×	49.2×	68.0×
2012	64.4×	49.7×	119×
2011	115×	27.0×	115×
2010	28.3×	23.7×	33.1×

Against its peers

Companies in Chemicals - Specialty nearest Linde's size, closest first, today.

Company	Price to free cash flow
LINLinde	47.1×
SHWSherwin-Williams	25.5×
ECLEcolab	43.1×
APDAir Products and Chemicals	n/m
PPGPPG Industries	17.5×
IFFInternational Flavors & Fragrances	44.5×
Peer median	34.3×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Linde

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.