Air Products and Chemicals, Inc. (APD) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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APD Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Air Products and Chemicals, Inc. (APD) trades at a price-to-earnings ratio of -171.7x, with a stock price of $303.93 and trailing twelve-month earnings per share of $9.45.
The current P/E is 710% below its 5-year average of 28.2x. Over the past five years, APD's P/E has ranged from a low of 16.8x to a high of 42.9x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Basic Materials sector median P/E of 22.3x, APD trades at a 871% discount to its sector peers. The sector includes 123 companies with P/E ratios ranging from 2.0x to 166.2x.
Relative to the broader market, APD trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our APD DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
APD P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $232B | 34.3 | 1.35Best | +7% | |
| $909M | 47.2 | 4.79 | +361%Best | |
| $9B | 18.9Lowest | 5.86 | -47% | |
| $421B | 48.0 | 1.71 | -15% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
APD Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | $290.49 | $9.45 | 30.7x | +10% | |
| FY2025 Q3 | Mon Jun 30 2025 00:00:00 GM | $282.06 | $6.95 | 40.6x | +46% |
| FY2025 Q2 | Mon Mar 31 2025 00:00:00 GM | $294.92 | $6.88 | 42.9x | +54% |
| FY2025 Q1 | $290.04 | $17.22 | 16.8x | -40% | |
| FY2024 Q4 | Mon Sep 30 2024 00:00:00 GM | $297.74 | $17.18 | 17.3x | -38% |
| FY2024 Q3 | Sun Jun 30 2024 00:00:00 GM | $258.05 | $11.54 | 22.4x | -20% |
| FY2024 Q2 | Sun Mar 31 2024 00:00:00 GM | $242.27 | $11.08 | 21.9x | -21% |
| FY2024 Q1 | Sun Dec 31 2023 00:00:00 GM | $273.80 | $10.48 | 26.1x | -6% |
| FY2023 Q4 | Sat Sep 30 2023 00:00:00 GM | $283.40 | $10.32 | 27.5x | -1% |
| FY2023 Q3 | Fri Jun 30 2023 00:00:00 GM | $299.53 | $9.83 | 30.5x | +9% |
| FY2023 Q2 | Fri Mar 31 2023 00:00:00 GM | $287.21 | $9.78 | 29.4x | +5% |
| FY2023 Q1 | Sat Dec 31 2022 00:00:00 GM | $308.26 | $10.19 | 30.3x | +9% |
Average P/E for displayed period: 27.8x
Full APD Stock Analysis
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Start ComparisonAPD — Frequently Asked Questions
Quick answers to the most common questions about buying APD stock.
Is APD stock overvalued or undervalued?
APD trades at -171.7x P/E, below its 5-year average of 28.2x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does APD's valuation compare to peers?
Air Products and Chemicals, Inc. P/E of -171.7x compares to sector median of 22.3x. The discount suggests lower growth expectations or higher risk.
What is APD's PEG ratio?
APD PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2026.