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STOCK COMPARISON

Linde plc Ordinary Shares vs PPG Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how Linde plc Ordinary Shares (LIN) and PPG Industries (PPG) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees PPG Industries as the less overvalued of the two: Linde plc Ordinary Shares trades at $482 versus a fair value of $222 (-54%), while PPG Industries trades at $111 versus $71.31 (-36%).
Linde plc Ordinary Shares
LIN · USD · Materials
-54%
upside to fair value
overvalued
Price$482
Fair Value$222
Quality70/100
PPG Industries
PPG · USD · Materials
-36%
upside to fair value
overvalued
Price$111
Fair Value$71.31
Quality78/100
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Head-to-head numbers

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

Linde plc Ordinary SharesPPG Industries
Valuation
32.4×P/E (TTM)16.7×
6.95×P/S (TTM)1.61×
6.30×P/B—
18.9×EV/EBITDA11.2×
2.18×PEG1.78×
−54.0%Fair value upside−35.6%
1.3%Dividend yield2.5%
$6.10Dividend per share$2.81
Profitability
28%Operating margin14%
1.84×EBIT margin trend (5Y)1.06×
18%Return on equity21%
7%Return on assets6%
Growth
8%Revenue growth (YoY)7%
0.6%Avg. growth/yr (3Y)0.6%
4.5%Avg. growth/yr (5Y)2.8%
+24.2%Value creation/yr+7.5%
Balance & size
42.1×Interest coverage (EBIT/interest)9.0×
0.54×Debt / equity—
$241BMarket cap$26B
healthyGrowth qualityhealthy

Even match: 6 to 6 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.

Linde plc Ordinary Sharesof which business quality 66 · market factors 56 PPG Industriesof which business quality 76 · market factors 49
ProfitabilityMargins and returns on capital today
51
87
Quality GrowthAre margins and returns improving?
51
59
CashflowEarnings quality: real cash, not paper profit
64
45
Fin. StrengthBalance sheet, leverage, solvency risk
69
84
InvestmentDisciplined investing over empire-building
70
95
Low VolatilityCalm price path (market factor)
87
62
MomentumPrice trend over the last 3–12 months (market factor)
40
44
52W MomentumDistance to the 52-week high (market factor)
48
42
Net IssuanceBuybacks instead of dilution
100
99

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyLinde plc Ordinary SharesPrice $482PPG IndustriesPrice $111
DCF Models-56%below the price$211-34%below the price$73.19
Earnings-Based-73%below the price$132-28%below the price$79.85
Dividend Discount-76%below the price$116n/a
Multiples-50%below the price$239-4%close to the price$107
Asset-Based-89%below the price$55.42n/a
Growth DCF-68%below the price$155-39%below the price$67.01
Economic Profit-68%below the price$156-40%below the price$66.38
Growth Earnings-58%below the price$204-15%below the price$93.91
Minimum-89%below the price$55.42-40%below the price$66.38
Maximum-50%below the price$239-4%close to the price$107
Median-68%below the price$156-31%below the price$76.52
Geometric mean-70%below the price$146-28%below the price$79.93

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Linde plc Ordinary Shares: 26 of 26 models see the stock below the current price.

PPG Industries: 17 of 19 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.

Linde plc Ordinary Shares
Bear $121Fair Value $222Bull $291
$482 = current price (white tick)
PPG Industries
Bear $51.37Fair Value $71.31Bull $106
$111 = 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.

Linde plc Ordinary Shares · Materials

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

PPG Industries · Materials

Quality score78 · Top 25%
Fair value upside-36% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees PPG Industries as the less overvalued of the two: Linde plc Ordinary Shares trades at $482 versus a fair value of $222 (-54%), while PPG Industries trades at $111 versus $71.31 (-36%).

PPG Industries has the higher quality score (78/100).

See the full analysis →
Linde plc Ordinary Shares · PPG Industries

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.