Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Air Products and ChemicalsAPD -0.56%77 EV-to-EBIT is 28.77 as of Jul. 17, 2026, which is 30% above its 10-year median of 22.18. GuruFocus rates APD with a GF Score™ of 77/100 and a GF Value™ of $284.21 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,237 Chemicals companies, Air Products and Chemicals ranks worse than 67.99% on this metric.
Air Products and Chemicals (NYSE:APD) EV-to-EBIT Explanation
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Air Products and Chemicals's Enterprise Value for the quarter that ended in Mar. 2026 was $84,593 Mil.
Air Products and Chemicals's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,980 Mil.
* 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 EV-to-EBIT Related Terms
Air Products and Chemicals EV-to-EBIT Historical Data
* 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.
For the Specialty Chemicals subindustry, Air Products and Chemicals's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Products and Chemicals's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Air Products and Chemicals's EV-to-EBIT falls into.
Air Products and Chemicals's current Enterprise Value is $85,736 Mil.
Air Products and Chemicals's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,980 Mil.
* 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 (APD) has a EV-to-EBIT of 28.77 as of Jul. 17, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Air Products and Chemicals and its competitors. This is 30% above median its historical median of 22.18. According to the industry distribution chart, Air Products and Chemicals ranks #841 out of 1237 companies in the Chemicals industry, placing it in the top 68%.
Is Air Products and Chemicals' EV-to-EBIT too high?
Air Products and Chemicals' current EV-to-EBIT of 28.77 is 30% above median its 10-year median of 22.18. The Chemicals industry median EV-to-EBIT is 17.56. Air Products and Chemicals' value of 28.77 is 63.8% above this industry median. Based on the distribution chart, Air Products and Chemicals ranks #841 out of 1237 companies in the Chemicals industry, which is below the industry midpoint. Overall, Air Products and Chemicals has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air Products and Chemicals' EV-to-EBIT compare to ECL and SHW?
According to the Chemicals industry distribution chart, Air Products and Chemicals ranks #841 out of 1237 companies for EV-to-EBIT. This places Air Products and Chemicals in the lower half of its industry. The industry median EV-to-EBIT is 17.56. Air Products and Chemicals' value of 28.77 is 63.8% above this benchmark. While the company's 10-year median is 22.18 vs. the industry median of 17.56, Air Products and Chemicals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Chemicals company?
The median EV-to-EBIT among Chemicals companies is 17.56, based on 1,237 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air Products and Chemicals's current EV-to-EBIT of 28.77 is 63.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Air Products and Chemicals and its competitors. For the Chemicals industry, the median EV-to-EBIT is 17.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Products and Chemicals's current EV-to-EBIT is 28.77, which is 30% above median its own 10-year median of 22.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Products and Chemicals stock overvalued right now?
Based on GuruFocus' analysis, Air Products and Chemicals (APD) is currently considered Fairly Valued. The stock's GF Value™ is $284.21, compared to a current price of $295.62 — trading 4% above its estimated fair value. The current EV-to-EBIT is 28.77, which is 30% above median its 10-year median of 22.18 and 63.8% above the Chemicals industry median of 17.56. Air Products and Chemicals' overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Air Products and Chemicals (APD), the current EV-to-EBIT is 28.77 as of Jul. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Air Products and Chemicals (APD) Overvalued in 2026?
Based on GuruFocus' analysis, Air Products and Chemicals stock appears to be overvalued.
The current stock price of $295.62 is trading 4% above its estimated GF Value™ of $284.21.
GuruFocus considers Air Products and Chemicals to be Fairly Valued.
Key valuation signals for APD:
EV-to-EBIT: 28.77 (30% above median its 10-year median of 22.18)
GF Value™: $284.21 vs. price of $295.62 (4% above fair value)
Industry Position: 63.8% above the Chemicals median (#841 of 1237)
No single metric tells the full story. See the APD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 world's largest supplier of hydrogen and helium. It has a unique portfolio serving customers across industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated roughly $12 billion in revenue in fiscal 2025.
77GF Score
Get the complete analysis for APD
EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
APD has been successfully added to your 
