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STOCK COMPARISON

Air Products and Chemicals vs Linde plc Ordinary Shares: Fair Value & Quality

Both stocks run through our valuation models. Here is how Air Products and Chemicals (APD) and Linde plc Ordinary Shares (LIN) compare, as of Aug 14, 2026.

As of Aug 14, 2026, Fair Value Calculator sees Air Products and Chemicals as the less overvalued of the two: Air Products and Chemicals trades at $306 versus a fair value of $253 (-17%), while Linde plc Ordinary Shares trades at $478 versus $222 (-54%).
Air Products and Chemicals
APD · USD · Materials
-17%
upside to fair value
overvalued
Price$306
Fair Value$253
Quality37/100
Linde plc Ordinary Shares
LIN · USD · Materials
-54%
upside to fair value
overvalued
Price$478
Fair Value$222
Quality70/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Air Products and ChemicalsLinde plc Ordinary Shares
Valuation
31.6×P/E (TTM)32.2×
5.35×P/S (TTM)6.95×
4.44×P/B6.30×
21.1×EV/EBITDA18.9×
2.24×PEG2.18×
2.4%Dividend yield1.2%
$7.18Dividend per share$6.10
Profitability
17%Net margin20%
24%Operating margin28%
12%Return on equity18%
4%Return on assets7%
Growth
9%Revenue growth (YoY)8%
-1.8%Avg. growth/yr (3Y)0.6%
6.3%Avg. growth/yr (5Y)4.5%
Balance & size
1.13×Debt / equity0.54×
$67BMarket cap$241B
expensiveGrowth qualityhealthy

Linde plc Ordinary Shares leads: 6 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Air Products and Chemicalsof which business quality 35 · market factors 60 Linde plc Ordinary Sharesof which business quality 66 · market factors 57
ProfitabilityMargins and returns on capital today
11
51
Quality GrowthAre margins and returns improving?
20
51
CashflowEarnings quality: real cash, not paper profit
31
64
Fin. StrengthBalance sheet, leverage, solvency risk
45
69
InvestmentDisciplined investing over empire-building
35
70
Low VolatilityCalm price path (market factor)
78
87
MomentumPrice trend over the last 3–12 months (market factor)
44
42
52W MomentumDistance to the 52-week high (market factor)
66
47
Net IssuanceBuybacks instead of dilution
81
100

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Air Products and Chemicals

Dividend Discount$106
Asset-Based$45.21

3 of 3 models see the stock below the current price.

Linde plc Ordinary Shares

DCF Models$211
Earnings-Based$132
Dividend Discount$116
Multiples$239
Asset-Based$55.42
Growth DCF$155
Economic Profit$156
Growth Earnings$204

26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Air Products and Chemicals
Bear $140Fair Value $253Bull $404
$306 = current price (white tick)
Linde plc Ordinary Shares
Bear $121Fair Value $222Bull $291
$478 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Air Products and Chemicals · Materials

Quality score37 · bottom 25%
Fair value upside-17% · above median

Linde plc Ordinary Shares · Materials

Quality score70 · Top 25%
Fair value upside-54% · below median

Bottom line

As of Aug 14, 2026, Fair Value Calculator sees Air Products and Chemicals as the less overvalued of the two: Air Products and Chemicals trades at $306 versus a fair value of $253 (-17%), while Linde plc Ordinary Shares trades at $478 versus $222 (-54%).

Linde plc Ordinary Shares has the higher quality score (70/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.