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Linde (LIN) Cyclically Adjusted Price-to-FCF : 50.86 (As of Jul. 07, 2025)


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What is Linde Cyclically Adjusted Price-to-FCF?

As of today (2025-07-07), Linde's current share price is $468.885. Linde's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $9.22. Linde's Cyclically Adjusted Price-to-FCF for today is 50.86.

The historical rank and industry rank for Linde's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

LIN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 37.65   Med: 47.5   Max: 61.44
Current: 51.6

During the past years, Linde's highest Cyclically Adjusted Price-to-FCF was 61.44. The lowest was 37.65. And the median was 47.50.

LIN's Cyclically Adjusted Price-to-FCF is ranked worse than
71.15% of 565 companies
in the Chemicals industry
Industry Median: 23.87 vs LIN: 51.60

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Linde's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $1.871. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $9.22 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Linde Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Linde's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Linde Cyclically Adjusted Price-to-FCF Chart

Linde Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 56.99 57.90 44.91 49.86 46.72

Linde Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.56 51.51 54.38 46.72 50.52

Competitive Comparison of Linde's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Linde's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Linde's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Linde's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Linde's Cyclically Adjusted Price-to-FCF falls into.


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Linde Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Linde's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=468.885/9.22
=50.86

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Linde's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Linde's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.871/134.9266*134.9266
=1.871

Current CPI (Mar. 2025) = 134.9266.

Linde Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.269 100.684 1.701
201509 0.943 100.392 1.267
201512 1.409 99.792 1.905
201603 0.802 100.470 1.077
201606 1.213 101.688 1.609
201609 1.430 101.861 1.894
201612 1.157 101.863 1.533
201703 1.333 102.862 1.749
201706 1.303 103.349 1.701
201709 1.639 104.136 2.124
201712 1.709 104.011 2.217
201803 1.248 105.290 1.599
201806 1.509 106.317 1.915
201809 1.684 106.507 2.133
201812 1.137 105.998 1.447
201903 0.524 107.251 0.659
201906 0.269 108.070 0.336
201909 1.674 108.329 2.085
201912 2.145 108.420 2.669
202003 1.017 108.902 1.260
202006 1.854 108.767 2.300
202009 2.068 109.815 2.541
202012 2.657 109.897 3.262
202103 2.556 111.754 3.086
202106 2.068 114.631 2.434
202109 3.490 115.734 4.069
202112 4.635 117.630 5.317
202203 2.642 121.301 2.939
202206 2.587 125.017 2.792
202209 3.739 125.227 4.029
202212 2.327 125.222 2.507
202303 2.177 127.348 2.307
202306 2.616 128.729 2.742
202309 3.201 129.860 3.326
202312 3.226 129.419 3.363
202403 1.866 131.776 1.911
202406 1.647 132.554 1.676
202409 3.462 133.029 3.511
202412 3.256 133.157 3.299
202503 1.871 134.927 1.871

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Linde  (NAS:LIN) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Linde Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Linde's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Linde Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Linde PLC (NAS:LIN) » Definitions » Cyclically Adjusted Price-to-FCF
Address
10 Riverview Drive, Danbury, CT, USA, 06810
Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue in 2024.
Executives
Sean Durbin officer: Executive VP, EMEA C/O LINDE PLC, THE PRIESTLEY CENTRE 10 PRIESTLEY ROAD, GUILDFORD, SURREY X0 GU2 XY7
David P Strauss officer: Senior VP & Chief HR Officer 10 RIVERVIEW DRIVE, DANBURY CT 06810
Guillermo Bichara officer: Senior VP& Chief Legal Officer 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Juergen Nowicki officer: Executive VP, Engineering C/O LINDE PLC, THE PRIESTLEY CENTRE, 10 PRIESTLEY ROAD, GUILDFORD, SURREY X0 GU2 7XY
Robert L Wood director C/O DOW CHEMICAL CO, 2030 DOW CENTER, MIDLAND MI 48674
John Panikar officer: Executive VP, APAC 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Oliver Pfann officer: Senior Vice President, EMEA FORGE, 43 CHURCH STREET WEST, WOKING SURREY X0 GU216HT
Sanjiv Lamba officer: Chief Operating Officer THE PRIESTLEY CENTRE, 10 PRIESTLEY RD, SURREY RESEARCH PARK, GUILDFORD, SURREY X0 GU2 7XY
Matthew J White officer: Chief Financial Officer C/O PRAXAIR, INC., 39 OLD RIDGEBURY ROAD, DANBURY CT 12533
Stephen F Angel director, officer: Chief Executive Officer 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Hugh Grant director C/O PPG INDUSTRIES, INC., 1 PPG PLACE, PITTSBURGH PA 15272
Kelcey E Hoyt officer: Principal Accounting Officer 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113
Andreas Opfermann officer: Executive VP, Americas C/O LINDE, THE PRIESTLEY CENTRE, 10 PRIESTLEY ROAD, GUILDFORD, SURREY X0 GU2 7XY
Franz Fehrenbach director THE PRIESTLEY CENTRE, 10 PRIESTLEY ROAD, THE SURREY RESEARCH PARK, GUILDFORD, SURREY X0 GU2 7XY
Mr. Franz Fehrenbach Director