LIN

Linde plc

Basic Materials · $218.4B market cap

Share price

$479.48

close of Oct 3, 2026

Fair value

$213.49

Sticker Price

Payback Price

$85.40

buy price

Overpriced

LIN is Overpriced: at $479.48 it trades 125% above its fair value of $213.49. Its buy price (Payback Price) is $85.40, 82% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 1% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth9.5% a year✗

Equity per share growth11.3% a year✓

Sales growth8.2% a year✗

Free cash flow growth16.4% a year✓

Return on invested capital9.0%✗

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Superinvestors

7 of the investors we track hold LIN. In Q2 2026, 1 opened a position, 2 trimmed and 1 sold out. Who we track

Stephen Mandel

Lone Pine Capital · as of Q2 2026

$808.6M

1,558,081 shares

Dodge & Cox Funds

Dodge & Cox Funds · as of Q2 2026

$688.4M

1,326,590 shares

John Armitage

Egerton Capital · as of Q2 2026

$156.1M

300,854 shares

Thomas Gayner

Markel Group · as of Q2 2026

$111.9M

215,600 shares

AKO Capital

AKO Capital · as of Q2 2026

$33.6M

64,789 shares

Show all 7 holders

Wallace Weitz

Weitz Investment Management · as of Q2 2026

$3.7M

7,100 shares

Jensen Investment Management

Jensen Investment Management · as of Q2 2026

$669K

1,290 shares

Moves in Q2 2026

New position: Stephen Mandel

Trimmed: John Armitage, AKO Capital

Sold out: Lee Ainslie

Insider activity

Since Jul 1, 2026: 1 open-market purchase worth $48K and 2 other filings (stock awards, tax withholding and similar). Why purchases matter

Purchases

Reynolds Paula Rosput

director · 2026-08-18

Bought

$48K

Other filings

Reynolds Paula Rosput

director · 2026-07-01

Award

15.931 shares

GRANT HUGH

director · 2026-07-01

Award

63.724 shares

About Linde plc

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. The company's comprehensive product line features atmospheric gases like oxygen, nitrogen, argon, and various rare gases, alongside a diverse array of process gases such as carbon dioxide, helium, hydrogen, specialized…

Chemicals - Specialty

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works