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Air Products and ChemicalsAPD -0.66%78 Equity-to-Asset is 0.34 as of Jun. 2026, which is 31% below its 10-year median of 0.49. GuruFocus rates APD with a GF Score™ of 78/100 and a GF Value™ of $285.83 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,614 Chemicals companies, Air Products and Chemicals ranks worse than 85.44% on this metric.
Air Products and Chemicals (NYSE:APD) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Air Products and Chemicals Equity-to-Asset Related Terms
Air Products and Chemicals Equity-to-Asset 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 Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Products and Chemicals's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Air Products and Chemicals's Equity-to-Asset falls into.
Air Products and Chemicals Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Air Products and Chemicals's Equity to Asset Ratio for the fiscal year that ended in Sep. 2025 is calculated as
* 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 Equity-to-Asset of 0.34 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Air Products and Chemicals and its competitors. This is 31% below median its historical median of 0.49. Over the past decade, Air Products and Chemicals' Equity-to-Asset has ranged from 0.34 to 0.59. According to the industry distribution chart, Air Products and Chemicals ranks #1379 out of 1614 companies in the Chemicals industry, placing it in the top 85.4%.
Is Air Products and Chemicals' Equity-to-Asset too high?
Air Products and Chemicals' current Equity-to-Asset of 0.34 is 31% below median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 0.59. The Chemicals industry median Equity-to-Asset is 0.60. Air Products and Chemicals' value of 0.34 is 43.3% below this industry median. Based on the distribution chart, Air Products and Chemicals ranks #1379 out of 1614 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Air Products and Chemicals has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air Products and Chemicals' Equity-to-Asset compare to ECL and SHW?
According to the Chemicals industry distribution chart, Air Products and Chemicals ranks #1379 out of 1614 companies for Equity-to-Asset. This places Air Products and Chemicals in the lower half of its industry. The industry median Equity-to-Asset is 0.60. Air Products and Chemicals' value of 0.34 is 43.3% below this benchmark. Historically, Air Products and Chemicals' own Equity-to-Asset has ranged from 0.34 to 0.59 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.60, Air Products and Chemicals has consistently been below 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 Equity-to-Asset for a Chemicals company?
The median Equity-to-Asset among Chemicals companies is 0.60, based on 1,614 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air Products and Chemicals's current Equity-to-Asset of 0.34 is 43.3% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Air Products and Chemicals and its competitors. For the Chemicals industry, the median Equity-to-Asset is 0.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Products and Chemicals's current Equity-to-Asset is 0.34, which is 31% below median its own 10-year median of 0.49. 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 $285.83, compared to a current price of $292.94 — trading 2.5% above its estimated fair value. The current Equity-to-Asset is 0.34, which is 31% below median its 10-year median of 0.49 and 43.3% below the Chemicals industry median of 0.60. Air Products and Chemicals' overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Air Products and Chemicals (APD), the current Equity-to-Asset is 0.34 as of Jun. 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 $292.94 is trading 2.5% above its estimated GF Value™ of $285.83.
GuruFocus considers Air Products and Chemicals to be Fairly Valued.
Key valuation signals for APD:
Equity-to-Asset: 0.34 (31% below median its 10-year median of 0.49)
GF Value™: $285.83 vs. price of $292.94 (2.5% above fair value)
Industry Position: 43.3% below the Chemicals median (#1379 of 1614)
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.
78GF Score
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