Air Products & Chemicals, is an American manufacturer of industrial gases. In addition to various industrial gases, the company produces semiconductor materials, refinery hydrogen and other chemicals.
P/E ratio for Air Products and Chemicals (APD)
P/E ratio as of June 2024 (TTM): 26.4
According to Air Products and Chemicals's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 26.3931. At the end of 2022 the company had a P/E ratio of 30.2.
P/E ratio history for Air Products and Chemicals from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 30.2 | -2.65% |
| 2021 | 31.0 | -2.93% |
| 2020 | 31.9 | 16.13% |
| 2019 | 27.5 | 32.23% |
| 2018 | 20.8 | 66.08% |
| 2017 | 12.5 | -77.37% |
| 2016 | 55.3 | 180.8% |
| 2015 | 19.7 | -28.98% |
| 2014 | 27.7 | 28.49% |
| 2013 | 21.6 | 58.87% |
| 2012 | 13.6 | -2.06% |
| 2011 | 13.9 | -19.03% |
| 2010 | 17.1 | -11.56% |
| 2009 | 19.4 | 40.83% |
| 2008 | 13.8 | -25.21% |
| 2007 | 18.4 | -0.69% |
| 2006 | 18.5 | -96.57% |
| 2005 | 539 | 78.05% |
| 2004 | 303 | 1034.49% |
| 2003 | 26.7 | 66.12% |
| 2002 | 16.1 | -23.32% |
| 2001 | 21.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Dow DOW | 31.2 | 18.18% | 🇺🇸 USA |
 Dupont De Nemours DD | 8.44 | -68.01% | 🇺🇸 USA |
 Valero Energy VLO | 5.14 | -80.52% | 🇺🇸 USA |
 Methanex MEOH | 19.9 | -24.51% | 🇨🇦 Canada |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.