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Linde vs Tele2 AB (publ): Which Stock Looks Stronger in 2026?

The structural profiles are close, with Tele2 AB (publ) carrying a narrow edge on stability. Linde still has the edge on stability, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (LIN: Nasdaq 100, TEL2-B.ST: STOXX 600).

Updated 2026-06-14

On stability, the clearer edge sits with Linde plc, while the overall score remains tighter and points the other way.

Trajectory Similarity
0.71
Similar
Peer-set rank: #4
within Linde plc's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

The pair sits on a clearly comparable long-term path, though it is not a near-twin match.

The match is driven mainly by investment intensity and revenue stability.

Similarity drivers
investment intensityrevenue stability
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
LIN
Linde plc
71
Peer-Score
Signal qualityMedium
Peer basis: Nasdaq 100
vs
TEL2-B.ST
Tele2 AB (publ)
74
Peer-Score
Signal qualityHigh
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The clearest separation appears in stability.

Dimension spread: LIN vs TEL2-B.ST Profitability 71 79 Stability 90 46 Valuation 59 81 Growth 68 81 LIN TEL2-B.ST
Gap Ranking
#1 Stability +44
#2 Valuation +22
#3 Growth +13
#4 Profitability +8
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for LIN and TEL2-B.ST Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer LINTEL2-B.ST Relative valuation Structural strength

Tele2 AB (publ) and Linde plc look relatively close on structure, but the price setup still leans toward Tele2 AB (publ).

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Stability
Both profiles are strong on stability, but Linde plc leads clearly.
Valuation
On valuation, the same pattern holds: both are strong, but Tele2 AB (publ) still leads clearly.
Stability — Dominant Gap
LIN
90
TEL2-B.ST
46
Gap+44in favour of LIN

The stability gap is very wide, with the stronger side looking materially steadier through time.

What keeps the gap from being one-sided

Linde plc still carries lower volatility exposure — that difference is real enough to prevent the comparison from becoming one-sided.

What this means for the comparison

Stability is the clearest driver of the lead, with valuation adding further support — though stability still provides a real counterweight.

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Break down the LIN vs TEL2-B.ST comparison across all dimensions with the full interactive tool.

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Explore how LIN and TEL2-B.ST each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.