Stock Analysis on Net
Stock Analysis on Net

Air Products & Chemicals Inc. (NYSE:APD)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Beginner level

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).


Historical Valuation Ratios (Summary)

Air Products & Chemicals Inc., historical price multiples (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
Price to earnings (P/E) 34.04 23.99 28.51 29.36 29.34 25.89 20.90 23.09 23.40 31.93 13.02 11.74 11.09 9.69 54.47 48.13 55.63 57.98 20.75 23.51 29.50 29.83 30.41 31.19
Price to operating profit (P/OP) 28.40 20.19 23.92 24.10 24.18 21.72 18.03 17.60 18.77 22.44 23.83 24.68 21.37 17.05 16.06 14.42 15.93 16.73 15.35 17.68 22.32 22.61 22.73 23.29
Price to sales (P/S) 7.34 5.20 6.02 5.79 5.61 4.89 3.95 3.87 4.01 4.19 4.36 4.30 3.84 3.51 3.41 3.19 3.40 3.36 2.82 3.04 3.02 2.99 2.98 2.96
Price to book value (P/BV) 5.56 4.10 4.66 4.67 4.41 3.93 3.25 3.19 3.38 3.44 3.64 3.49 3.45 3.30 4.31 4.29 4.59 4.64 3.71 4.14 4.03 4.20 4.24 4.20 3.74 3.41 3.09

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30), 10-K (filing date: 2014-11-24), 10-Q (filing date: 2014-07-24), 10-Q (filing date: 2014-04-24), 10-Q (filing date: 2014-01-29).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Air Products & Chemicals Inc.’s P/E ratio decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Air Products & Chemicals Inc.’s P/OP ratio decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Air Products & Chemicals Inc.’s P/S ratio decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Air Products & Chemicals Inc.’s P/BV ratio decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Price to Earnings (P/E)

Air Products & Chemicals Inc., historical P/E calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
No. shares of common stock outstanding1 220,894,376 220,854,647 220,678,482 220,433,925 220,355,139 220,132,561 219,631,171 219,533,532 219,272,496 219,193,653 218,939,303 218,618,346 217,957,369 217,724,491 217,589,952 217,375,097 216,549,704 216,081,188 215,650,358 215,426,569 214,982,451 214,764,754 214,274,045 213,710,798 213,015,723 212,275,495 211,672,884
Selected Financial Data (US$)
Net income (loss) attributable to Air Products (in thousands) 446,500  477,800  475,600  503,200  488,000  421,300  347,500  452,900  473,900  416,400  154,600  468,700  101,900  2,130,000  299,800  394,000  346,800  (473,300) 363,600  344,500  318,800  290,000  324,600  104,000  314,000  283,500  290,200 
Earnings per share (EPS)2 8.62 8.80 8.56 7.98 7.76 7.70 7.70 6.82 6.90 5.21 13.04 13.72 13.42 14.56 2.61 2.90 2.69 2.56 6.11 5.93 4.83 4.81 4.79 4.64 0.00 0.00 0.00
Share price1, 3 293.25 211.27 243.95 234.40 227.65 199.42 160.91 157.56 161.55 166.29 169.85 161.18 148.92 141.10 142.01 139.74 149.42 148.54 126.71 139.47 142.34 143.43 145.61 144.75 135.16 118.45 106.00
Valuation Ratio
P/E ratio4 34.04 23.99 28.51 29.36 29.34 25.89 20.90 23.09 23.40 31.93 13.02 11.74 11.09 9.69 54.47 48.13 55.63 57.98 20.75 23.51 29.50 29.83 30.41 31.19
Benchmarks
P/E Ratio, Competitors5
Ecolab Inc. 36.32 33.36 36.32 38.66 35.94 34.27 27.58 27.16 27.69 25.06 28.97 29.74 29.23 29.77 30.23 37.29 33.76 31.39
Linde plc 56.55 41.46 46.22 23.26 23.17 22.22 21.71 32.38 34.34 33.96 34.48 26.44 24.65 23.36 22.87 21.94 21.17 22.53 18.76

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30), 10-K (filing date: 2014-11-24), 10-Q (filing date: 2014-07-24), 10-Q (filing date: 2014-04-24), 10-Q (filing date: 2014-01-29).

1 Data adjusted for splits and stock dividends.

2 Q3 2020 Calculation
EPS = (Net income (loss) attributable to Air ProductsQ3 2020 + Net income (loss) attributable to Air ProductsQ2 2020 + Net income (loss) attributable to Air ProductsQ1 2020 + Net income (loss) attributable to Air ProductsQ4 2019) ÷ No. shares of common stock outstanding
= (446,500,000 + 477,800,000 + 475,600,000 + 503,200,000) ÷ 220,894,376 = 8.62

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

4 Q3 2020 Calculation
P/E ratio = Share price ÷ EPS
= 293.25 ÷ 8.62 = 34.04

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Air Products & Chemicals Inc.’s P/E ratio decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Price to Operating Profit (P/OP)

Air Products & Chemicals Inc., historical P/OP calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
No. shares of common stock outstanding1 220,894,376 220,854,647 220,678,482 220,433,925 220,355,139 220,132,561 219,631,171 219,533,532 219,272,496 219,193,653 218,939,303 218,618,346 217,957,369 217,724,491 217,589,952 217,375,097 216,549,704 216,081,188 215,650,358 215,426,569 214,982,451 214,764,754 214,274,045 213,710,798 213,015,723 212,275,495 211,672,884
Selected Financial Data (US$)
Operating income (in thousands) 539,200  577,200  561,000  603,200  569,700  516,500  455,000  533,700  515,800  455,400  460,700  455,700  252,600  391,200  328,100  547,000  535,100  513,300  510,600  472,200  422,500  374,400  430,000  144,100  413,800  384,700  385,600 
Operating profit per share2 10.32 10.46 10.20 9.73 9.42 9.18 8.92 8.95 8.61 7.41 7.13 6.53 6.97 8.27 8.84 9.69 9.38 8.88 8.25 7.89 6.38 6.34 6.41 6.21 0.00 0.00 0.00
Share price1, 3 293.25 211.27 243.95 234.40 227.65 199.42 160.91 157.56 161.55 166.29 169.85 161.18 148.92 141.10 142.01 139.74 149.42 148.54 126.71 139.47 142.34 143.43 145.61 144.75 135.16 118.45 106.00
Valuation Ratio
P/OP ratio4 28.40 20.19 23.92 24.10 24.18 21.72 18.03 17.60 18.77 22.44 23.83 24.68 21.37 17.05 16.06 14.42 15.93 16.73 15.35 17.68 22.32 22.61 22.73 23.29
Benchmarks
P/OP Ratio, Competitors5
Ecolab Inc. 31.90 27.47 25.82 27.20 29.44 27.11 25.16 22.14 20.56 20.79 18.71 19.45 19.75 19.10 19.12 19.28 23.45 21.84 20.15
Linde plc 43.23 31.75 36.01 20.05 20.02 18.94 18.13 17.56 18.38 17.80 17.56 17.76 16.63 15.80 15.33 14.70 14.15 14.88 12.50

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30), 10-K (filing date: 2014-11-24), 10-Q (filing date: 2014-07-24), 10-Q (filing date: 2014-04-24), 10-Q (filing date: 2014-01-29).

1 Data adjusted for splits and stock dividends.

2 Q3 2020 Calculation
Operating profit per share = (Operating incomeQ3 2020 + Operating incomeQ2 2020 + Operating incomeQ1 2020 + Operating incomeQ4 2019) ÷ No. shares of common stock outstanding
= (539,200,000 + 577,200,000 + 561,000,000 + 603,200,000) ÷ 220,894,376 = 10.32

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

4 Q3 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 293.25 ÷ 10.32 = 28.40

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Air Products & Chemicals Inc.’s P/OP ratio decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Price to Sales (P/S)

Air Products & Chemicals Inc., historical P/S calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
No. shares of common stock outstanding1 220,894,376 220,854,647 220,678,482 220,433,925 220,355,139 220,132,561 219,631,171 219,533,532 219,272,496 219,193,653 218,939,303 218,618,346 217,957,369 217,724,491 217,589,952 217,375,097 216,549,704 216,081,188 215,650,358 215,426,569 214,982,451 214,764,754 214,274,045 213,710,798 213,015,723 212,275,495 211,672,884
Selected Financial Data (US$)
Sales (in thousands) 2,065,200  2,216,300  2,254,700  2,283,200  2,224,000  2,187,700  2,224,000  2,298,900  2,259,000  2,155,700  2,216,600  2,203,100  2,121,900  1,980,100  1,882,500  2,463,000  2,434,400  2,271,200  2,355,800  2,449,400  2,470,200  2,414,500  2,560,800  2,677,000  2,634,600  2,581,900  2,545,500 
Sales per share2 39.93 40.65 40.55 40.46 40.55 40.75 40.69 40.68 40.29 39.68 38.92 37.45 38.76 40.23 41.60 43.82 43.92 44.18 44.93 45.93 47.09 47.90 48.79 48.85 0.00 0.00 0.00
Share price1, 3 293.25 211.27 243.95 234.40 227.65 199.42 160.91 157.56 161.55 166.29 169.85 161.18 148.92 141.10 142.01 139.74 149.42 148.54 126.71 139.47 142.34 143.43 145.61 144.75 135.16 118.45 106.00
Valuation Ratio
P/S ratio4 7.34 5.20 6.02 5.79 5.61 4.89 3.95 3.87 4.01 4.19 4.36 4.30 3.84 3.51 3.41 3.19 3.40 3.36 2.82 3.04 3.02 2.99 2.98 2.96
Benchmarks
P/S Ratio, Competitors5
Ecolab Inc. 3.98 3.75 3.49 3.73 3.91 3.61 3.34 3.03 2.94 2.94 2.73 2.80 2.87 2.77 2.78 2.45 2.69 2.53 2.32
Linde plc 4.73 3.46 3.74 4.10 4.51 5.23 6.38 3.86 4.01 3.83 3.76 3.85 3.48 3.33 3.26 3.17 3.19 3.18 2.69

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30), 10-K (filing date: 2014-11-24), 10-Q (filing date: 2014-07-24), 10-Q (filing date: 2014-04-24), 10-Q (filing date: 2014-01-29).

1 Data adjusted for splits and stock dividends.

2 Q3 2020 Calculation
Sales per share = (SalesQ3 2020 + SalesQ2 2020 + SalesQ1 2020 + SalesQ4 2019) ÷ No. shares of common stock outstanding
= (2,065,200,000 + 2,216,300,000 + 2,254,700,000 + 2,283,200,000) ÷ 220,894,376 = 39.93

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

4 Q3 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 293.25 ÷ 39.93 = 7.34

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Air Products & Chemicals Inc.’s P/S ratio decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Price to Book Value (P/BV)

Air Products & Chemicals Inc., historical P/BV calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013
No. shares of common stock outstanding1 220,894,376 220,854,647 220,678,482 220,433,925 220,355,139 220,132,561 219,631,171 219,533,532 219,272,496 219,193,653 218,939,303 218,618,346 217,957,369 217,724,491 217,589,952 217,375,097 216,549,704 216,081,188 215,650,358 215,426,569 214,982,451 214,764,754 214,274,045 213,710,798 213,015,723 212,275,495 211,672,884
Selected Financial Data (US$)
Total Air Products shareholders’ equity (in thousands) 11,659,300  11,371,900  11,556,000  11,053,600  11,386,100  11,165,700  10,882,900  10,857,500  10,486,000  10,580,800  10,215,300  10,086,200  9,412,400  9,317,400  7,161,500  7,079,600  7,045,400  6,916,600  7,367,100  7,249,000  7,586,000  7,332,500  7,351,500  7,365,800  7,696,700  7,370,900  7,264,000 
Book value per share (BVPS)2 52.78 51.49 52.37 50.14 51.67 50.72 49.55 49.46 47.82 48.27 46.66 46.14 43.18 42.79 32.91 32.57 32.53 32.01 34.16 33.65 35.29 34.14 34.31 34.47 36.13 34.72 34.32
Share price1, 3 293.25 211.27 243.95 234.40 227.65 199.42 160.91 157.56 161.55 166.29 169.85 161.18 148.92 141.10 142.01 139.74 149.42 148.54 126.71 139.47 142.34 143.43 145.61 144.75 135.16 118.45 106.00
Valuation Ratio
P/BV ratio4 5.56 4.10 4.66 4.67 4.41 3.93 3.25 3.19 3.38 3.44 3.64 3.49 3.45 3.30 4.31 4.29 4.59 4.64 3.71 4.14 4.03 4.20 4.24 4.20 3.74 3.41 3.09
Benchmarks
P/BV Ratio, Competitors5
Ecolab Inc. 9.47 6.36 5.99 6.46 7.03 6.46 6.12 5.56 5.39 5.47 4.96 5.25 5.55 5.38 5.31 4.72 5.40 5.13 4.55 5.14 5.04 4.91
Linde plc 2.83 2.17 2.15 2.26 2.05 1.93 1.84 7.46 7.94 7.04 7.15 6.85 6.54 6.48 6.83 6.34 6.50 6.85 6.61 7.53 6.69 7.16

Based on: 10-Q (filing date: 2020-07-23), 10-Q (filing date: 2020-04-23), 10-Q (filing date: 2020-01-24), 10-K (filing date: 2019-11-26), 10-Q (filing date: 2019-07-25), 10-Q (filing date: 2019-04-24), 10-Q (filing date: 2019-01-25), 10-K (filing date: 2018-11-20), 10-Q (filing date: 2018-07-26), 10-Q (filing date: 2018-04-26), 10-Q (filing date: 2018-01-26), 10-K (filing date: 2017-11-16), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-04-27), 10-Q (filing date: 2017-01-27), 10-K (filing date: 2016-11-21), 10-Q (filing date: 2016-07-29), 10-Q (filing date: 2016-04-28), 10-Q (filing date: 2016-01-29), 10-K (filing date: 2015-11-24), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30), 10-Q (filing date: 2015-01-30), 10-K (filing date: 2014-11-24), 10-Q (filing date: 2014-07-24), 10-Q (filing date: 2014-04-24), 10-Q (filing date: 2014-01-29).

1 Data adjusted for splits and stock dividends.

2 Q3 2020 Calculation
BVPS = Total Air Products shareholders’ equity ÷ No. shares of common stock outstanding
= 11,659,300,000 ÷ 220,894,376 = 52.78

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

4 Q3 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 293.25 ÷ 52.78 = 5.56

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Air Products & Chemicals Inc.’s P/BV ratio decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.