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Air Products & Chemicals Inc (NYSE:APD)
P/B Ratio
3.70 (As of Today)

As of today, Air Products & Chemicals Inc's share price is $129.42. Air Products & Chemicals Inc's Book Value per Share for the quarter that ended in 201403 was $34.72. Hence, Air Products & Chemicals Inc's P/B Ratio of today is 3.70.

Warning Sign:

Air Products & Chemicals Inc stock P/B Ratio (=3.72) is close to 10-year high of 3.92

APD' s 10-Year P/B Ratio Range
Min: 1.87   Max: 3.92
Current: 3.7

1.87
3.92

During the past 13 years, Air Products & Chemicals Inc's highest P/B Ratio was 3.92. The lowest was 1.87. And the median was 2.99.

APD's P/B Ratiois ranked lower than
55% of the 1044 Companies
in the Global Chemicals industry.

( Industry Median: 1.83 vs. APD: 3.70 )

During the past 12 months, Air Products & Chemicals Inc's average Book Value Per Share Growth Rate was 13.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 9.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 5.40% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Air Products & Chemicals Inc was 12.70% per year. The lowest was 0.50% per year. And the median was 5.85% per year.


Definition

Air Products & Chemicals Inc's P/B ratio for today is calculated as follows:

P/B Ratio=Share Price/Book Value per Share (Q: 201403)
=129.42/34.72
=3.73

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book Ratio. The difference between Price-to-Tangible-Book Ratio and Price-to-Book Ratio is that book value other than intangibles are used in the calculation.


Explanation

Unlike valuation ratios relative to the earning power such as P/E ratio, P/S ratio or Price-to-Free-Cash-Flow ratio, the Price-to-Book Ratio measures the valuation of the stock relative to the underlying asset of the company.

The Price-to-Book Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


Related Terms

Book Value per Share, Market Cap, Total Equity, Preferred Stock, P/E ratio, P/S ratio, Price-to-Free-Cash-Flow ratio, Price-to-Tangible-Book Ratio


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Air Products & Chemicals Inc Annual Data

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
pb 2.782.692.973.832.883.423.192.772.713.17

Air Products & Chemicals Inc Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
pb 3.043.102.622.712.772.852.933.173.263.43
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