Air Products & Chemicals, Inc. APD
Major Chemicals · data as of November 13, 2026
Air Products & Chemicals, Inc. (APD) is a materials company listed in the US with a market value of about $70.5B. In the twelve months to September 30, 2026 it had revenue of $13.0B and net income of $532M, a net margin of 4.1%.
Its overall Stock Analiz score is 1.0 out of 5 (weak). The strongest part is shareholder returns (3/5); the weakest is value (0/5).
Key numbers: a P/E of 132.5, a price to free cash flow of 147.8, 5-year revenue growth of 6% a year, a 5-year average ROIC of 7%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 86% below the current price.
Score: 1.0 / 5
Checks passed
- Positive free cash flow
- Liabilities below 60% of assets
- Pays a dividend
- Dividend 3 years in a row
- Stock-based pay below 5% of revenue
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.0B | $12.0B | $12.1B | $12.6B | $12.7B | $10.3B | $8.9B | $8.9B | $8.9B | $8.2B | $7.5B |
| Net income | $532M | -$394M | $3.8B | $2.3B | $2.3B | $2.1B | $1.9B | $1.8B | $1.5B | $3.0B | $631M |
| Free cash flow | $477M | -$3.8B | -$3.1B | -$1.4B | $244M | $871M | $756M | $980M | $979M | $1.5B | $1.4B |
| EPS (diluted) | $2.39 | $-1.77 | $17.18 | $10.33 | $10.14 | $9.43 | $8.49 | $7.94 | $6.78 | $13.65 | $2.89 |
| Net margin | 4.1% | -3.3% | 31.6% | 18.3% | 17.8% | 20.3% | 21.3% | 19.7% | 16.8% | 36.6% | 8.4% |
| ROIC | — | -2.1% | 11.2% | 8.0% | 8.9% | 8.6% | 8.8% | 11.8% | 10.0% | 8.5% | 9.0% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 21 analysts is $344.10, 9% above the current price; targets range from $275.00 to $375.00; the consensus rating is “Buy”; expected EPS is $14.37 for the fiscal year ending September 30, 2027.
Frequently asked questions
What is Air Products & Chemicals’s P/E ratio?
About 132.5, based on the last twelve months of diluted earnings per share (forward P/E about 21.6).
Is Air Products & Chemicals stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 86% below the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Air Products & Chemicals pay a dividend?
Yes. The dividend yield is about 2.30%, and it has paid dividends for 10 years in our data.
Is Air Products & Chemicals a good stock to buy?
We do not give buy or sell advice. Air Products & Chemicals scores 1.0 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.