Linde plc

Methodology

Linde's contract-based industrial gas business generates highly predictable earnings with minimal cyclicality, making this calculation reliable and straightforward. Long-term supply agreements and on-site production facilities create visibility into sustainable cash flows. The stable business model makes earnings projections more dependable than most industrials.

Methodology

Linde consistently commands premium PEG ratios reflecting exceptional business quality, global scale advantages, and oligopolistic market structure with few credible competitors. While growth appears modest, the defensive characteristics and pricing power justify valuations above industrial averages. Compare to the company's historical range rather than absolute thresholds.

Methodology

Linde offers a modest but reliable dividend supported by predictable cash generation, with management emphasizing consistent payout growth. The dividend enhances total return prospects for this steady compounder. PEGY better captures the income component that appeals to investors seeking both stability and growth.