# Air Products and Chemicals Inc. (APD) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Basic Materials / Chemicals. Price $301.27, market value $67.1 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Air Products and Chemicals Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 5.3×**. Each dollar of revenue is priced at 5.3×.
- **Price / book: 4.8×**. The shares trade at 4.8× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 68.6×**. Enterprise value is 68.6× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: -0.4%** (5-yr avg -2.3%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Operating margin: -4.7%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -3.3%**. The company reported a net loss over the last twelve months.
- **Return on equity: -2.6%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -3.5%**. Return on all capital, debt included, is -3.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -0.1%**. Each dollar of assets produces -0.1% of profit.

## Growth
- **Revenue growth (1 yr): -0.5%** (3-yr -1.8%/yr, 5-yr 6.3%/yr). Revenue fell 0.5% over the last year, against 6.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -110.3%**. Earnings per share fell 110.3%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Air Products and Chemicals Inc. holds more cash than debt.
- **Altman Z-score: 2.43**. A Z-score of 2.43 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 3/9**. 3 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend yield: 2.40%** ($7.20 per share, trailing). Air Products and Chemicals Inc. yields 2.40%, a modest yield more typical of a growth-oriented payer.
- **Consecutive years of increases: 1**. 1 straight year of increases.
- **Dividend growth (5 yr): 5.9%/yr** (1-yr 34.5%). The dividend has grown 5.9% a year over five years.

## Analyst view
- **Analyst consensus: buy** (19 analysts). 19 analysts cover Air Products and Chemicals Inc.; the consensus is buy, with an average price target of $343.63 (+14% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 6.7%** (YTD 24.4%, 3-mo 7.4%). The shares are up 6.7% over twelve months including dividends.
- **From 52-week high: -4.3%** (31.5% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 48**. An RSI of 48 is neutral.
- **Beta (1 yr): 0.19** (volatility 27%). Beta of 0.19 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=APD · Page: https://foliofundamentals.com/stocks/apd

Not investment advice.