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Air Products and ChemicalsAPD -0.56%77 EV-to-EBITDA is 18.89 as of Jul. 19, 2026, which is 24% above its 10-year median of 15.25. GuruFocus rates APD with a GF Score™ of 77/100 and a GF Value™ of $284.42 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,318 Chemicals companies, Air Products and Chemicals ranks worse than 62.9% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Air Products and Chemicals's enterprise value is $85,736 Mil.
Air Products and Chemicals's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $4,539 Mil. Therefore, Air Products and Chemicals's EV-to-EBITDA for today is 18.89.
The historical rank and industry rank for Air Products and Chemicals's EV-to-EBITDA or its related term are showing as below:
APD'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 10.97 Med: 15.25 Max: 59.89
Current: 18.89
During the past 13 years, the highest EV-to-EBITDA of Air Products and Chemicals was 59.89. The lowest was 10.97. And the median was 15.25.
APD's EV-to-EBITDA is ranked worse than 62.9% of 1318
companies
in the Chemicals industry
Industry Median: 13.275
vs APD: 18.89
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Air Products and Chemicals (NYSE:APD) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Air Products and Chemicals's PE Ratio (TTM) for today is calculated as:
Air Products and Chemicals's share price for today is $295.62.
Air Products and Chemicals's Earnings per Share (Diluted) 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 $9.450.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* 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-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Products and Chemicals's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Air Products and Chemicals's EV-to-EBITDA falls into.
Air Products and Chemicals's current Enterprise Value is $85,736 Mil.
Air Products and Chemicals's EBITDA 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 $4,539 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-EBITDA of 18.89 as of Jul. 19, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Air Products and Chemicals. This is 24% above median its historical median of 15.25. Over the past decade, Air Products and Chemicals' EV-to-EBITDA has ranged from 10.97 to 59.89. According to the industry distribution chart, Air Products and Chemicals ranks #829 out of 1318 companies in the Chemicals industry, placing it in the top 62.9%.
Is Air Products and Chemicals' EV-to-EBITDA too high?
Air Products and Chemicals' current EV-to-EBITDA of 18.89 is 24% above median its 10-year median of 15.25. Over the past 10 years, this metric has ranged from a low of 10.97 to a high of 59.89. The Chemicals industry median EV-to-EBITDA is 13.28. Air Products and Chemicals' value of 18.89 is 42.3% above this industry median. Based on the distribution chart, Air Products and Chemicals ranks #829 out of 1318 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-EBITDA compare to ECL and SHW?
According to the Chemicals industry distribution chart, Air Products and Chemicals ranks #829 out of 1318 companies for EV-to-EBITDA. This places Air Products and Chemicals in the lower half of its industry. The industry median EV-to-EBITDA is 13.28. Air Products and Chemicals' value of 18.89 is 42.3% above this benchmark. Historically, Air Products and Chemicals' own EV-to-EBITDA has ranged from 10.97 to 59.89 over the past decade. While the company's 10-year median is 15.25 vs. the industry median of 13.28, 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-EBITDA for a Chemicals company?
The median EV-to-EBITDA among Chemicals companies is 13.28, based on 1,318 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA 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-EBITDA of 18.89 is 42.3% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Air Products and Chemicals. For the Chemicals industry, the median EV-to-EBITDA is 13.28 — 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-EBITDA is 18.89, which is 24% above median its own 10-year median of 15.25. 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 $284.42, compared to a current price of $295.62 — trading 3.9% above its estimated fair value. The current EV-to-EBITDA is 18.89, which is 24% above median its 10-year median of 15.25 and 42.3% above the Chemicals industry median of 13.28. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Air Products and Chemicals (APD), the current EV-to-EBITDA is 18.89 as of Jul. 19, 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 3.9% above its estimated GF Value™ of $284.42.
GuruFocus considers Air Products and Chemicals to be Fairly Valued.
Key valuation signals for APD:
EV-to-EBITDA: 18.89 (24% above median its 10-year median of 15.25)
GF Value™: $284.42 vs. price of $295.62 (3.9% above fair value)
Industry Position: 42.3% above the Chemicals median (#829 of 1318)
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
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