Price to Operating Profit (P/OP)
since 2005
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Linde plc pages available for free this week:
- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Return on Assets (ROA) since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
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Calculation
Linde plc, P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating profit1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 26, 2025 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2022 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2021 | = | ÷ | = | ÷ | |||||||
| Mar 2, 2020 | = | ÷ | = | ÷ | |||||||
| Mar 18, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2018 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Linde plc Annual Report.
The financial performance over the reported periods reveals distinct trends in share price, operating profit per share, and the price-to-operating profit ratio.
- Share Price
- The share price shows an overall upward trend from 54.85 US$ in early 2006 to 461.55 US$ by early 2025. There are periods of volatility, including a noticeable dip around 2009, where the price decreased to 59.29 US$ from a previous high of 84.23 US$. However, following this trough, the share price progressively increased, with significant acceleration post-2015, culminating in steep growth after 2020. This suggests enhanced investor confidence and possibly improved market conditions or company performance in recent years.
- Operating Profit Per Share
- Operating profit per share (OPPS) generally trends upwards, starting at 4.01 US$ in 2006 and rising to 18.26 US$ in 2025. There was steady growth through the mid-2000s and some stagnation or slight declines during 2014-2016. Notably, a decline occurred in 2020 to 5.5 US$, markedly lower than in prior years, likely reflecting adverse impacts during that period. Subsequently, OPPS recovered robustly, surpassing previous highs and reaching a peak in 2024 and 2025. This indicates improving profitability per share, with resilience to short-term setbacks.
- Price-to-Operating Profit Ratio (P/OP)
- The P/OP ratio fluctuates considerably across the timeline. Initially, it ranged between approximately 13 to 15, suggesting a relatively stable valuation in relation to operating profits. Around 2009, the ratio declined sharply to 9.67, coinciding with the share price dip. From 2015 onward, the ratio increased substantially, peaking at 39.58 in 2020, which corresponds with a high share price but a drop in operating profit per share, indicating possibly overvaluation or market optimism despite lower profits. After 2020, the ratio trended downward toward 25.28 by 2025, reflecting either an adjustment in share price relative to operating profit recovery or increased profit levels absorbing part of the share price gains.
In summary, the data illustrates a company experiencing overall growth in market valuation and operational profitability over the long term, despite periods of volatility. The post-2020 period reflects a significant rebound in profitability alongside continued share price increases, suggesting strengthening financial fundamentals complemented by favorable market sentiment. The fluctuations in the P/OP ratio highlight varying investor perceptions of the company’s profit sustainability and value at different junctures.