Linde Plc (LIN) is overvalued and Sherwin-Williams Co (SHW) is overvalued.
Both trade above our estimate of their intrinsic value. LIN is the closer of the two: -106%, against -125% for SHW.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.5% (average of 3 methods) values the shares at $225.91; the price of $464.91 is 106% above that value, and 77% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
Discounting its cash flows at 9.7% (average of 3 methods) values the shares at $146.16; the price of $328.35 is 125% above that value, and 73% of that value comes from beyond year five.
Leak Score 71/100 on 9 of 12 signals
| Metric | LIN | SHW |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $464.91 | $328.35 |
| Intrinsic value | $225.91 | $146.16 |
| Margin of safety | -106% | -125% |
| Leak Score | 59/100 (3/12) | 71/100 (9/12) |
| Market cap | $214.3B | $79.7B |
| Revenue growth, 5 years | 4.5% | 5.1% |
| Operating margin | 27.1% | 16.5% |
| Net margin | 20.4% | 11.0% |
| Return on equity | 18.7% | 65.1% |
| Debt to equity | 0.72 | 3.90 |
| P/E | 30.0x | 30.3x |
| Forward P/E | 23.7x | 24.2x |
| P/B | 5.5x | 20.7x |
| Dividend yield | 1.4% | 0.9% |