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APD (Air Products & Chemicals) Cyclically Adjusted Price-to-FCF : 379.21 (As of May. 22, 2025)


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What is Air Products & Chemicals Cyclically Adjusted Price-to-FCF?

As of today (2025-05-22), Air Products & Chemicals's current share price is $269.24. Air Products & Chemicals's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $0.71. Air Products & Chemicals's Cyclically Adjusted Price-to-FCF for today is 379.21.

The historical rank and industry rank for Air Products & Chemicals's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

APD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 41.78   Med: 60.5   Max: 392.86
Current: 379.25

During the past years, Air Products & Chemicals's highest Cyclically Adjusted Price-to-FCF was 392.86. The lowest was 41.78. And the median was 60.50.

APD's Cyclically Adjusted Price-to-FCF is ranked worse than
95.48% of 531 companies
in the Chemicals industry
Industry Median: 23.51 vs APD: 379.25

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Air Products & Chemicals's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $-7.017. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $0.71 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Air Products & Chemicals Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Air Products & Chemicals's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Air Products & Chemicals Cyclically Adjusted Price-to-FCF Chart

Air Products & Chemicals Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 77.31 60.78 51.40 70.40 136.17

Air Products & Chemicals Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 76.13 86.39 136.17 183.82 414.76

Competitive Comparison of Air Products & Chemicals's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Air Products & Chemicals's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Air Products & Chemicals's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Air Products & Chemicals's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Air Products & Chemicals's Cyclically Adjusted Price-to-FCF falls into.


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Air Products & Chemicals Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Air Products & Chemicals's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=269.24/0.71
=379.21

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Air Products & Chemicals's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Air Products & Chemicals's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=-7.017/134.9266*134.9266
=-7.017

Current CPI (Mar. 2025) = 134.9266.

Air Products & Chemicals Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.705 100.684 2.285
201509 2.748 100.392 3.693
201512 1.497 99.792 2.024
201603 1.259 100.470 1.691
201606 2.244 101.688 2.977
201609 3.022 101.861 4.003
201612 1.254 101.863 1.661
201703 -2.127 102.862 -2.790
201706 1.048 103.349 1.368
201709 2.202 104.136 2.853
201712 1.363 104.011 1.768
201803 1.042 105.290 1.335
201806 0.701 106.317 0.890
201809 1.270 106.507 1.609
201812 1.139 105.998 1.450
201903 0.318 107.251 0.400
201906 0.782 108.070 0.976
201909 2.180 108.329 2.715
201912 0.987 108.420 1.228
202003 0.399 108.902 0.494
202006 -1.528 108.767 -1.895
202009 3.543 109.815 4.353
202012 0.496 109.897 0.609
202103 1.118 111.754 1.350
202106 1.387 114.631 1.633
202109 0.943 115.734 1.099
202112 0.545 117.630 0.625
202203 -1.124 121.301 -1.250
202206 0.911 125.017 0.983
202209 1.032 125.227 1.112
202212 -0.516 125.222 -0.556
202303 -1.653 127.348 -1.751
202306 -2.141 128.729 -2.244
202309 -2.066 129.860 -2.147
202312 -3.675 129.419 -3.831
202403 -3.896 131.776 -3.989
202406 -1.549 132.554 -1.577
202409 -5.019 133.029 -5.091
202412 -5.859 133.157 -5.937
202503 -7.017 134.927 -7.017

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Air Products & Chemicals  (NYSE:APD) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Air Products & Chemicals Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Air Products & Chemicals's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Air Products & Chemicals Business Description

Address
1940 Air Products Boulevard, Allentown, PA, USA, 18106-5500
Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $12.1 billion in revenue in fiscal 2024.
Executives
Melissa N. Schaeffer officer: Senior Vice President and CFO 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Sean D Major officer: Executive VP & General Counsel 100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Jeffrey Kutz officer: VP, Controller & PAO 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106-5500
Seifi Ghasemi director 100 OVERLOOK CENTER, PRINCETON NJ 08540
Tonit M Calaway director HARLEY-DAVIDSON MOTOR COMPANY, 3700 WEST JUNEAU AVENUE, MILWAUKEE WI 53208
Wayne Thomas Smith director 1940 AIR PRODUCTS BLVD., ALLENTOWN PA 18106
Edward L Monser director
Lisa Ann Davis director 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302
Russell A Flugel officer: Chief Accounting Officer C/O THE MOSAIC COMPANY, 101 EAST KENNEDY BLVD., SUITE 2500, TAMPA FL 33602
Charles I Cogut director 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195
Samir Serhan officer: Executive Vice President 7201 HAMILTON BLVD., ALLENTOWN PA 18195
Jennifer Grant officer: VP 7201 HAMILTON BLVD, ALLENTOWN PA 18195
John D. Stanley officer: SR VP and General Counsel 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501
Guillermo Novo officer: Senior V.P. AIR PRODUCTS AND CHEMICALS, INC., 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195
Painter Corning F. officer: Senior V.P. 7201 HAMILTON BOULEVARD, ALLENTOWN PA 18195-1501