Stock Analysis on Net

Air Products & Chemicals Inc. (NYSE:APD)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 9, 2021.

Price to Earnings (P/E)
since 2005

Microsoft Excel

Paying user area

The data is hidden behind: . Unhide it.

This is a one-time payment. There is no automatic renewal.


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Apple Pay Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Calculation

Air Products & Chemicals Inc., P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Air Products & Chemicals Inc. Annual Report.


Share Price Trend
The share price demonstrated significant volatility across the observed period. It started at $60.43 in late 2005, rising steadily to peak near $96.78 in 2007. Subsequently, there was a sharp decline in 2008 to $46.50, coinciding with the global financial downturn. Following this dip, the price generally trended upward, reaching a new high of $270.36 by late 2020. This overall upward progression indicates strong recovery and growth momentum in the later years.
Earnings Per Share (EPS) Trend
EPS showed considerable fluctuations without a consistent upward or downward trajectory initially. It started at $3.20 in 2005 and increased to a high of $5.82 in 2011, followed by variability including a decline to $2.90 in 2016. A notable surge occurred in 2017, with EPS spiking to $13.72, which was an outlier in the dataset. Post-2017, EPS stabilized around the $7 to $8.5 range by 2020, reflecting an overall improvement in profitability over the period.
Price-to-Earnings (P/E) Ratio Analysis
The P/E ratio exhibited significant volatility throughout the timeframe. It started at 18.86 in 2005, remaining mostly in the teens and twenties, with an important drop to 10.71 in 2008, aligning with declining share prices and EPS performance during the financial crisis. The highest P/E ratio observed was 48.13 in 2016, likely influenced by the unusually low EPS of $2.90 that year, inflating the valuation multiple. Following this peak, the ratio settled into the range of 23 to 31 by 2020, indicating investor willingness to pay a premium for earnings due to improved outlook or growth expectations.
Overall Insights
The data reflects resilience and growth post the 2008 financial crisis, with share prices and earnings improving substantially in the subsequent decade. The EPS spike in 2017 suggests an exceptional event or accounting adjustment that temporarily distorted profitability figures. The share price growth outpaced the EPS increase in recent years, as indicated by elevated P/E ratios, signifying heightened investor optimism. However, the volatility in P/E ratios indicates periods of varying market sentiment and earnings performance uncertainty.

Comparison to Competitors

Air Products & Chemicals Inc., P/E, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).


Comparison to Sector (Chemicals)

Air Products & Chemicals Inc., P/E, long-term trends, comparison to sector (chemicals)

Microsoft Excel

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).


Comparison to Industry (Materials)

Air Products & Chemicals Inc., P/E, long-term trends, comparison to industry (materials)

Microsoft Excel

Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).