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Air Products and Chemicals (WBO:APCD) Cyclically Adjusted Price-to-FCF : 379.08 (As of Jun. 05, 2025)


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

As of today (2025-06-05), Air Products and Chemicals's current share price is €246.40. Air Products and Chemicals's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was €0.65. Air Products and Chemicals's Cyclically Adjusted Price-to-FCF for today is 379.08.

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

WBO:APCD' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 41.78   Med: 60.5   Max: 394.66
Current: 394.07

During the past years, Air Products and Chemicals's highest Cyclically Adjusted Price-to-FCF was 394.66. The lowest was 41.78. And the median was 60.50.

WBO:APCD's Cyclically Adjusted Price-to-FCF is ranked worse than
96.25% of 560 companies
in the Chemicals industry
Industry Median: 23.025 vs WBO:APCD: 394.07

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 and Chemicals's adjusted free cash flow per share data for the three months ended in Mar. 2025 was €-6.491. 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 €0.65 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


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

The historical data trend for Air Products and 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 and Chemicals Cyclically Adjusted Price-to-FCF Chart

Air Products and 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 and 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 and Chemicals's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Air Products and 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 and Chemicals's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

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

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


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

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=246.40/0.65
=379.08

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

For example, Air Products and 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)
=-6.491/134.9266*134.9266
=-6.491

Current CPI (Mar. 2025) = 134.9266.

Air Products and Chemicals Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.519 100.684 2.036
201509 2.449 100.392 3.291
201512 1.374 99.792 1.858
201603 1.131 100.470 1.519
201606 1.998 101.688 2.651
201609 2.693 101.861 3.567
201612 1.189 101.863 1.575
201703 -1.989 102.862 -2.609
201706 0.933 103.349 1.218
201709 1.847 104.136 2.393
201712 1.151 104.011 1.493
201803 0.845 105.290 1.083
201806 0.600 106.317 0.761
201809 1.088 106.507 1.378
201812 1.002 105.998 1.275
201903 0.282 107.251 0.355
201906 0.692 108.070 0.864
201909 1.979 108.329 2.465
201912 0.888 108.420 1.105
202003 0.361 108.902 0.447
202006 -1.357 108.767 -1.683
202009 3.008 109.815 3.696
202012 0.408 109.897 0.501
202103 0.939 111.754 1.134
202106 1.151 114.631 1.355
202109 0.802 115.734 0.935
202112 0.483 117.630 0.554
202203 -1.020 121.301 -1.135
202206 0.862 125.017 0.930
202209 1.042 125.227 1.123
202212 -0.487 125.222 -0.525
202303 -1.544 127.348 -1.636
202306 -1.976 128.729 -2.071
202309 -1.935 129.860 -2.011
202312 -3.370 129.419 -3.513
202403 -3.585 131.776 -3.671
202406 -1.439 132.554 -1.465
202409 -4.522 133.029 -4.587
202412 -5.595 133.157 -5.669
202503 -6.491 134.927 -6.491

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 and Chemicals  (WBO:APCD) 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 and Chemicals Cyclically Adjusted Price-to-FCF Related Terms

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


Air Products and 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.

Air Products and Chemicals Headlines

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