Air Products & Chemicals, Inc. (APD) Valuation
Historical valuation analysis based on 1280 data points (2021-09-13 to 2026-10-16)
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the world's largest su...
Air Products & Chemicals, Inc. (APD) currently trades at a P/E ratio of 28.70 (historical range: 16.46–42.99, median: 28.22), placing it at the 54th percentile — near its historical average, P/S ratio of 5.29 (range: 3.86–7.13, 69th percentile — above its historical average), EV/EBITDA of 27.02 (range: 16.77–53.54, 42th percentile).
Air Products & Chemicals, Inc. trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 28.70 | 28.22 | 54th | near its historical average |
| P/S Ratio | 5.29 | 5.02 | 69th | above its historical average |
| EV/EBITDA | 27.02 | 27.88 | 42th | near its historical average |
| FCF Yield | 0.01% | 0.69% | 12th | expensive relative to its history |
Air Products & Chemicals, Inc. (APD) Valuation & P/E History
Air Products & Chemicals, Inc. (APD) is a US-listed stock operating in the Basic Materials sector, specifically the Industrial Inorganic Chemicals industry currently trading at $300.00 with a market capitalization of $66.8 billion. This page provides historical valuation analysis for APD based on 1280 data points covering 2021-09-13 to 2026-10-16. The P/E ratio of 28.70 is above the historical median of 28.22, placing APD at the 54th percentile of its valuation range. The P/S ratio of 5.29 compares to a median of 5.02.
APD Valuation Metrics & Historical Range
The valuation table above shows Air Products & Chemicals, Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether APD is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests APD is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Air Products & Chemicals, Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is APD Overvalued or Undervalued?
Air Products & Chemicals, Inc. trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 55 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive APD is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full APD analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.APD trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.