Price to Sales (P/S)
since 2005
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- Income Statement
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
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Calculation
Linde plc, P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Sales1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 25, 2026 | = | ÷ | = | ÷ | |||||||
| 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: 2025-12-31), 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 price-to-sales (P/S) ratio, calculated from the provided share price and sales per share figures, exhibits considerable fluctuation over the observed period from 2006 to 2026. Initial values indicate a relatively stable P/S ratio in the early years, followed by a period of volatility and a subsequent upward trend.
- Initial Period (2006-2008)
- The P/S ratio began at 2.31 in 2006 and increased modestly to 2.37 in 2007. A further increase to 2.81 was observed in 2008, suggesting increasing investor confidence relative to sales during this timeframe.
- Decline and Recovery (2009-2011)
- A significant decline occurred in 2009, with the P/S ratio falling to 1.69. This decrease likely reflects market conditions and potentially investor concerns. The ratio then began a recovery, rising to 2.60 in 2010 and 2.91 in 2011, indicating a restoration of investor sentiment.
- Fluctuation and Increase (2012-2017)
- The period from 2012 to 2017 demonstrates continued fluctuation. The P/S ratio remained relatively stable around 2.89 to 3.26. A noticeable increase occurred in 2017, reaching 3.76, suggesting a strengthening of the relationship between share price and sales.
- Significant Increase and Recent Trends (2018-2026)
- A substantial increase in the P/S ratio was observed in 2018, reaching 5.71. This was followed by a decrease to 3.74 in 2019, then a further increase to 4.83 in 2021. From 2022 onwards, the P/S ratio continued to climb, reaching 6.61 in 2022 and 6.93 in 2026. This sustained upward trend suggests a growing premium placed on each dollar of sales by investors, potentially driven by expectations of future growth or improved profitability. The ratio remained at 6.61 in both 2022 and 2023, indicating a period of stabilization at a higher level.
Overall, the P/S ratio has demonstrated a long-term upward trajectory, punctuated by periods of volatility. The most recent years show a consistent increase, indicating a potentially evolving market perception of the company’s value relative to its sales.
Comparison to Competitors
Linde plc, P/S, long-term trends, comparison to competitors
| Linde plc | Sherwin-Williams Co. | |
|---|---|---|
| Feb 25, 2026 | ||
| 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: 2025-12-31), 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).
Comparison to Sector (Chemicals)
Linde plc, P/S, long-term trends, comparison to sector (chemicals)
| Linde plc | Chemicals | |
|---|---|---|
| Feb 25, 2026 | ||
| 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: 2025-12-31), 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).
Comparison to Industry (Materials)
Linde plc, P/S, long-term trends, comparison to industry (materials)
| Linde plc | Materials | |
|---|---|---|
| Feb 25, 2026 | ||
| 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: 2025-12-31), 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).