US · USD
APD
Air Products and Chemicals Inc
- Day's range
- $267.28 – $274.21
- Day's volume
- $404.3M
- 52-week range
- $224.78 – $312.15
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See how APD weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountAPD in numbers
- Market cap
- $60.9B
- P/E
- -1,286.82
- P/B
- 4.38
- Dividend yield (12m)
- 2.64%
- Net debt/EBITDA
- -0.90
The 12-month dividend yield of APD is 2.64%, above its 5-year average of 2.36%.
APD price history
APD risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +4.74% | +5.45% | +22.50% |
| Volatility (annualized) | 24.87% | 24.30% | 26.89% |
| Largest drawdown | -10.46% | -26.25% | -26.25% |
| Positive months | 8/12 | 21/36 | 34/60 |
How much did investing in APD return?
$1,000.00 invested on 09/01/2021 would be worth $1,224.96 today.
- Value today in APD
- $1,224.96
- Return over the period
- +22.50%
- Return per year
- +4.14%
- In the S&P 500
- $1,776.31
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
APD fundamentals
Valuation
- P/E-1,286.82
- P/B4.38
- EV/EBITDA63.12
- EV/EBIT-101.19
- EV/Revenue4.76
- P/EBIT-102.62
- P/S4.83
- P/OCF—
- P/FCF—
- Earnings yield-0.99%
- PEG ratio—
- Earnings per share-$0.21
- Book value per share$62.35
Debt
- Net debt-$853.8M
- Net debt/EBITDA-0.90
- Net debt/Equity-0.06
- Debt/Equity0.01
- Current ratio1.08
- Quick ratio0.92
- Cash ratio0.21
Efficiency
- Gross margin32.06%
- EBITDA margin7.54%
- Operating margin-4.71%
- Net margin-0.38%
- Asset turnover0.31
Profitability
- ROE-0.34%
- ROA-0.12%
- ROIC0.00%
- Payout—
Growth
- Revenue CAGR (5 years)5.15%
- Earnings CAGR (5 years)—
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is APD's fair price?
Two classic value formulas, with today's numbers. The current price is $273.33.
- Graham's fair price
- —
- Does not apply to APD: the formula needs positive earnings and book value.
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $110.90
- 59.43% below the price
$6.65 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
APD's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | -139.38 | 16.85 | 26.45 | 30.31 | 32.10 | 32.01 | 29.43 | 23.46 |
| P/B | 3.66 | 3.79 | 4.25 | 5.20 | 4.98 | 5.00 | 4.69 | 3.24 |
| EV/EBITDA | 77.36 | 10.41 | 15.35 | 17.71 | 17.09 | 15.79 | 15.32 | 10.97 |
| Dividend yield | 2.89% | 2.43% | 2.51% | 2.06% | 1.92% | 1.90% | 1.95% | 2.66% |
| Earnings per share | -$1.77 | $17.21 | $10.35 | $10.17 | $9.48 | $8.54 | $7.98 | $6.82 |
| Book value per share | $67.50 | $76.61 | $64.41 | $59.24 | $61.14 | $54.65 | $50.14 | $49.46 |
| ROE | -2.63% | 22.47% | 16.07% | 17.16% | 15.50% | 15.62% | 15.92% | 13.80% |
| ROIC | -5.22% | 25.40% | 15.98% | 19.42% | 24.03% | 31.35% | 19.49% | 18.32% |
| Gross margin | 31.41% | 32.49% | 29.90% | 26.46% | 30.39% | 33.85% | 32.68% | 30.69% |
| EBITDA margin | 5.71% | 48.90% | 30.58% | 28.96% | 34.90% | 38.65% | 36.18% | 32.88% |
| Net margin | -3.28% | 31.64% | 18.26% | 17.77% | 20.33% | 21.30% | 19.73% | 16.77% |
| Net debt/EBITDA | -2.65 | -0.49 | -0.44 | -0.90 | -1.61 | -1.86 | -0.73 | -1.00 |
APD's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $12B | $12.1B | $12.6B | $12.7B | $10.3B | $8.9B |
| Cost of revenue | -$8.3B | -$8.2B | -$8.8B | -$9.3B | -$7.2B | -$5.9B |
| Gross profit | $3.8B | $3.9B | $3.8B | $3.4B | $3.1B | $3B |
| EBITDA | $687.2M | $5.9B | $3.9B | $3.7B | $3.6B | $3.4B |
| EBIT | -$877M | $4.5B | $2.5B | $2.3B | $2.3B | $2.2B |
| Financial result | — | — | — | — | — | — |
| Income before tax | -$440.7M | $4.8B | $2.9B | $2.8B | $2.5B | $2.4B |
| Income tax | $94.3M | -$944.9M | -$551.2M | -$500.8M | -$462.8M | -$478.4M |
| Net income | -$394.5M | $3.8B | $2.3B | $2.3B | $2.1B | $1.9B |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does APD pay dividends?
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/30/2026 | 11/09/2026 | $1.81 |
Dividend yield per year
- 2.26%2017
- 2.66%2018
- 1.95%2019
- 1.90%2020
- 1.92%2021
- 2.06%2022
- 2.51%2023
- 2.43%2024
- 2.89%2025
- 1.98%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 06/30/2026 | 08/10/2026 | $1.81 |
| Dividend | 03/31/2026 | 05/11/2026 | $1.81 |
| Dividend | 01/01/2026 | 02/09/2026 | $1.79 |
| Dividend | 09/30/2025 | 11/10/2025 | $1.79 |
| Dividend | 06/30/2025 | 08/11/2025 | $1.79 |
| Dividend | 03/31/2025 | 05/12/2025 | $1.79 |
| Dividend | 01/01/2025 | 02/10/2025 | $1.77 |
| Dividend | 09/30/2024 | 11/12/2024 | $1.77 |
| Dividend | 06/28/2024 | 08/12/2024 | $1.77 |
| Dividend | 03/27/2024 | 05/13/2024 | $1.77 |
| Dividend | 12/28/2023 | 02/12/2024 | $1.75 |
| Dividend | 09/28/2023 | 11/13/2023 | $1.75 |
See all 40 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 06/29/2023 | 08/14/2023 | $1.75 |
| Dividend | 03/30/2023 | 05/08/2023 | $1.75 |
| Dividend | 12/29/2022 | 02/13/2023 | $1.62 |
| Dividend | 09/29/2022 | 11/14/2022 | $1.62 |
| Dividend | 06/29/2022 | 08/08/2022 | $1.62 |
| Dividend | 03/30/2022 | 05/09/2022 | $1.62 |
| Dividend | 12/30/2021 | 02/14/2022 | $1.50 |
| Dividend | 09/29/2021 | 11/08/2021 | $1.50 |
| Dividend | 06/29/2021 | 08/09/2021 | $1.50 |
| Dividend | 03/30/2021 | 05/10/2021 | $1.50 |
| Dividend | 12/30/2020 | 02/08/2021 | $1.34 |
| Dividend | 09/29/2020 | 11/09/2020 | $1.34 |
| Dividend | 06/29/2020 | 08/10/2020 | $1.34 |
| Dividend | 03/30/2020 | 05/11/2020 | $1.34 |
| Dividend | 12/30/2019 | 02/10/2020 | $1.16 |
| Dividend | 09/27/2019 | 11/11/2019 | $1.16 |
| Dividend | 06/27/2019 | 08/12/2019 | $1.16 |
| Dividend | 03/28/2019 | 05/13/2019 | $1.16 |
| Dividend | 12/28/2018 | 02/11/2019 | $1.10 |
| Dividend | 09/27/2018 | 11/12/2018 | $1.10 |
| Dividend | 06/28/2018 | 08/13/2018 | $1.10 |
| Dividend | 03/28/2018 | 05/14/2018 | $1.10 |
| Dividend | 12/28/2017 | 02/12/2018 | $0.95 |
| Dividend | 10/05/2017 | 11/13/2017 | $0.95 |
| Dividend | 06/28/2017 | 08/14/2017 | $0.95 |
| Dividend | 03/29/2017 | 05/08/2017 | $0.95 |
| Dividend | 12/28/2016 | 02/13/2017 | $0.86 |
| Dividend | 10/05/2016 | 11/14/2016 | $0.86 |
About Air Products And Chemicals
- Sector
- Manufacturing
Questions about APD
How much is APD today?
APD is at $273.33 (-1.76% on the day), last traded on 10/01/2026.
How much did APD pay in dividends in 2025?
APD paid $7.14 per share in 2025, a dividend yield of 2.89%.
When is the next APD dividend?
The next announced payment is $1.81 per share on 11/09/2026.
What are the P/E and P/B of APD?
APD trades at a P/E of -1,286.82 and a P/B of 4.38.
How much did APD return in 12 months?
APD returned 4.74% in 12 months, with annualized volatility of 24.87% and a largest drawdown of -10.46%.