Air Products and Chemicals, Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Air Products and Chemicals, Inc. (APD), the latest P/E of -1487.7 frames valuation, while ROE -0.32% and ROIC 0.08% indicates profitability and capital efficiency. Together with the current ratio of 1.08 and debt-to-equity 1.31, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

APD Historical Per Share Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Revenue per Share$56.56$54.03$54.38$56.68$57.20$46.58$40.04$40.49$40.72$37.56
Net Income per Share$-0.21$-1.77$17.21$10.35$10.16$9.47$8.53$7.99$6.83$13.76
Operating Cash Flow per Share$20.52$14.62$16.39$14.42$14.55$15.08$14.76$13.48$11.59$7.19
Free Cash Flow per Share$9.23$14.62$-14.16$-6.39$1.37$3.96$3.42$4.45$4.44$2.42
Cash per Share$4.40$8.33$13.41$8.77$14.87$26.18$28.74$10.96$13.57$16.87
Book Value per Share$74.49$77.87$83.93$70.45$61.72$63.57$56.25$51.69$50.96$46.72
Tangible Book Value per Share$68.94$72.23$78.46$65.07$56.45$57.56$50.25$46.17$45.37$41.72
Interest Debt per Share$82.49$83.16$68.43$50.42$38.09$37.73$38.08$15.72$17.98$18.73
CAPEX per Share$11.28$31.52$30.55$20.81$13.18$11.12$11.34$9.03$7.15$4.77

APD Historical Valuation Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Price to Earnings (P/E)-1487.74-154.0217.3127.3922.927.0434.9227.7724.8110.99
Price to Book (P/B)4.974.043.894.43.934.195.454.423.423.27
Price to Sales (P/S)5.475.055.4754.075.57.445.484.164.03
Enterprise Value to EBITDA66.3457.7312.0616.3913.5715.2418.5414.2312.2514.01
EV to Sales6.836.426.475.754.515.867.795.64.284.11
EV to Operating Cash Flow18.8323.7121.4622.5917.7318.121.1216.8215.0221.47
EV to Free Cash Flow41.8423.71-24.85-50.99188.6168.9491.2450.9639.2263.72
Enterprise Value$86.09B$77.22B$78.27B$72.41B$57.28B$60.50B$68.95B$49.95B$38.18B$33.66B

APD Historical Profitability Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Return on Equity (ROE)-0.32%-2.63%22.47%16.07%17.16%15.50%15.62%15.92%13.80%29.75%
Return on Invested Capital (ROIC)0.08%-1.83%9.92%6.94%7.85%7.55%7.71%9.84%8.41%7.10%
Return on Tangible Assets-0.12%-0.99%9.98%7.47%8.67%8.22%7.91%9.93%8.34%17.27%
Earnings Yield-0.07%-0.65%5.78%3.65%4.37%3.70%2.86%3.60%4.03%9.10%
Free Cash Flow Yield2.99%5.36%-4.75%-2.25%0.59%1.55%1.15%2.01%2.62%1.60%
Dividend Yield2.33%2.61%2.36%2.38%2.68%2.21%1.67%2.03%2.42%2.39%

APD Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202520242023202220212020201920182017
Current Ratio1.081.381.521.331.812.993.592.542.172.36
Interest Coverage-2.68-4.120.4114.0518.2716.0920.4715.6515.0611.94
Income Quality-3809664.650.951.41.441.651.721.691.751.38
Debt to Equity1.311.220.880.770.630.610.690.30.350.39
Debt to Assets44.89%44.60%37.92%34.47%30.62%30.60%33.03%17.56%19.88%21.46%
Net Debt to EBITDA13.2412.311.852.131.330.940.820.310.330.29

APD Historical Efficiency Ratios

10 years
Metric (FY)TTM202520242023202220212020201920182017
Receivables Turnover4.856.335.585.836.246.246.256.36.495.32
Payables Turnover3.472.555.637.288.339.7510.7311.3110.418.72
Inventory Turnover11.3910.6310.6613.5518.1615.8314.4715.3915.6317.15
Days Sales Outstanding75.3357.6565.462.6558.558.5258.4257.9256.2768.66
Days Payables Outstanding105.25143.1464.8650.1243.837.4234.0332.2635.0641.84
Days of Inventory on Hand32.0434.3334.2326.9320.123.0525.2223.7223.3621.28

APD Historical Market Metrics

10 years
Metric (FY)TTM202520242023202220212020201920182017
Enterprise Value to EBITDA66.3457.7312.0616.3913.5715.2418.5414.2312.2514.01
Market Cap$68.91B$60.76B$66.25B$63.00B$51.67B$56.75B$65.89B$48.88B$37.16B$32.97B
Enterprise Value$86.09B$77.22B$78.27B$72.41B$57.28B$60.50B$68.95B$49.95B$38.18B$33.66B
Dividend Yield2.33%2.61%2.36%2.38%2.68%2.21%1.67%2.03%2.42%2.39%
Payout Ratio-3379.28%-401.55%40.88%65.06%61.31%59.87%58.49%56.48%59.94%26.26%

Frequently Asked Questions

How does Air Products and Chemicals, Inc.’s P/E ratio compare with its history?

On this page, APD's current P/E is -1487.7, compared with a multi-year average around 24.1. A lower P/E versus its own history is a calculated gap versus that average—not a conclusion that the stock is cheap. Pair it with profitability and earnings quality in the table (for example ROE/ROIC) to see whether the multiple moved with earnings.

What is Air Products and Chemicals, Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $68.91B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

How does Air Products and Chemicals, Inc.’s P/E compare with its industry?

There is no P/E Tickerplace rates as good. Compare the P/E on this page with Air Products and Chemicals, Inc.'s own historical range (in the table) and with peers via the Screener and Compare tools. A higher or lower multiple versus peers is a calculated gap, not a recommendation.

How does Air Products and Chemicals, Inc. compare to its competitors in key financial ratios?

The fastest way to compare Air Products and Chemicals, Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Air Products and Chemicals, Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

What do Air Products and Chemicals, Inc.'s liquidity and leverage ratios show?

Liquidity and leverage figures on this page are published ratios, not a verdict that Air Products and Chemicals, Inc. is financially strong. Current ratio is about 1.08, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about -2.68, implying less buffer for servicing interest costs. Debt-to-equity is about 1.31, suggesting leverage is more moderate relative to a high-debt profile. Pair them with ROE/ROIC and cash-flow rows in the table. Tickerplace does not rate the company as a good or poor investment.

What do Air Products and Chemicals, Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Air Products and Chemicals, Inc. is sustaining strong returns (for example ROE at -0.32% and ROIC at 0.08%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.