Price to Sales (P/S)
since 2005
Paying user area
Try for free
Air Products & Chemicals Inc. pages available for free this week:
- Statement of Comprehensive Income
- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Net Profit Margin since 2005
- Current Ratio since 2005
- Debt to Equity since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Air Products & Chemicals Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Calculation
Air Products & Chemicals Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Sales1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 19, 2020 | = | ÷ | = | ÷ | |||||||
| Nov 26, 2019 | = | ÷ | = | ÷ | |||||||
| Nov 20, 2018 | = | ÷ | = | ÷ | |||||||
| Nov 16, 2017 | = | ÷ | = | ÷ | |||||||
| Nov 21, 2016 | = | ÷ | = | ÷ | |||||||
| Nov 24, 2015 | = | ÷ | = | ÷ | |||||||
| Nov 24, 2014 | = | ÷ | = | ÷ | |||||||
| Nov 26, 2013 | = | ÷ | = | ÷ | |||||||
| Nov 20, 2012 | = | ÷ | = | ÷ | |||||||
| Nov 22, 2011 | = | ÷ | = | ÷ | |||||||
| Nov 23, 2010 | = | ÷ | = | ÷ | |||||||
| Nov 25, 2009 | = | ÷ | = | ÷ | |||||||
| Nov 26, 2008 | = | ÷ | = | ÷ | |||||||
| Nov 28, 2007 | = | ÷ | = | ÷ | |||||||
| Dec 13, 2006 | = | ÷ | = | ÷ | |||||||
| Nov 22, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$
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 substantial volatility over the period examined. Initially, there was a steady increase from 60.43 in 2005 to a peak of 96.78 in 2007, followed by a sharp decline to 46.5 in 2008. Subsequently, the share price recovered and entered a prolonged upward trend, reaching 270.36 by 2020. This growth from the low point in 2008 represents a significant appreciation, more than quintupling in value over twelve years.
- Sales Per Share Dynamics
- Sales per share showed modest fluctuations throughout the timeframe. After growing from 36.66 in 2005 to a peak around 49.7 in 2008, sales per share declined steadily, hitting a nadir near 37.45 in 2017. The metric then stabilized somewhat between 40 and 41 through 2020. Overall, sales per share did not exhibit strong growth, instead demonstrating a cyclical pattern with a peak preceding the 2008 financial crisis, followed by a downward adjustment and plateau.
- Price-to-Sales (P/S) Ratio Analysis
- The P/S ratio experienced notable shifts, starting at 1.65 in 2005 and rising moderately until 2007, then dropping sharply to 0.94 in 2008 in line with share price and sales fluctuations. Post-2008, the ratio increased consistently, reaching 6.75 by 2020. This trend indicates that the market has been assigning a progressively higher valuation multiple to each dollar of sales per share, suggesting increased investor confidence, a premium on growth prospects, or possibly lower sales growth relative to share price appreciation.
- Overall Interpretations
- The overall analysis reveals a company whose market valuation has grown substantially over the period despite relatively flat sales per share. The decoupling of share price increases from sales performance is reflected in the rising P/S ratio. This pattern may reflect factors such as improved profitability, cost efficiencies, or positive market sentiment and growth expectations. The sharp market downturn in 2008 affected all metrics notably but was followed by a strong recovery trend in share price and valuation multiples. Sales performance, however, lacked corresponding upward momentum, indicating potential challenges or structural changes in revenue generation.
Comparison to Competitors
Air Products & Chemicals Inc., P/S, long-term trends, comparison to competitors
| Air Products & Chemicals Inc. | Linde plc | Sherwin-Williams Co. | |
|---|---|---|---|
| Nov 19, 2020 | |||
| Nov 26, 2019 | |||
| Nov 20, 2018 | |||
| Nov 16, 2017 | |||
| Nov 21, 2016 | |||
| Nov 24, 2015 | |||
| Nov 24, 2014 | |||
| Nov 26, 2013 | |||
| Nov 20, 2012 | |||
| Nov 22, 2011 | |||
| Nov 23, 2010 | |||
| Nov 25, 2009 | |||
| Nov 26, 2008 | |||
| Nov 28, 2007 | |||
| Dec 13, 2006 | |||
| Nov 22, 2005 |
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/S, long-term trends, comparison to sector (chemicals)
| Air Products & Chemicals Inc. | Chemicals | |
|---|---|---|
| Nov 19, 2020 | ||
| Nov 26, 2019 | ||
| Nov 20, 2018 | ||
| Nov 16, 2017 | ||
| Nov 21, 2016 | ||
| Nov 24, 2015 | ||
| Nov 24, 2014 | ||
| Nov 26, 2013 | ||
| Nov 20, 2012 | ||
| Nov 22, 2011 | ||
| Nov 23, 2010 | ||
| Nov 25, 2009 | ||
| Nov 26, 2008 | ||
| Nov 28, 2007 | ||
| Dec 13, 2006 | ||
| Nov 22, 2005 |
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/S, long-term trends, comparison to industry (materials)
| Air Products & Chemicals Inc. | Materials | |
|---|---|---|
| Nov 19, 2020 | ||
| Nov 26, 2019 | ||
| Nov 20, 2018 | ||
| Nov 16, 2017 | ||
| Nov 21, 2016 | ||
| Nov 24, 2015 | ||
| Nov 24, 2014 | ||
| Nov 26, 2013 | ||
| Nov 20, 2012 | ||
| Nov 22, 2011 | ||
| Nov 23, 2010 | ||
| Nov 25, 2009 | ||
| Nov 26, 2008 | ||
| Nov 28, 2007 | ||
| Dec 13, 2006 | ||
| Nov 22, 2005 |
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).