EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Air Products and Chemicals's Enterprise Value is $81,765 Mil.
Air Products and Chemicals's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-1,251 Mil. Therefore, Air Products and Chemicals's EV-to-FCF for today is -65.37.
The historical rank and industry rank for Air Products and Chemicals's EV-to-FCF or its related term are showing as below:
APD'
s EV-to-FCF Range Over the Past 10 Years
Min: -1456.03 Med: 39.24 Max: 1128.28
Current: -65.37
During the past 13 years, the highest EV-to-FCF of Air Products and Chemicals was 1128.28. The lowest was -1456.03. And the median was 39.24.
APD's EV-to-FCF is ranked worse than 100% of 920
companies
in the Chemicals industry
Industry Median: 22.41
vs APD: -65.37
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 (NYSE:APD) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $277.79.
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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Air Products and Chemicals EV-to-FCF Related Terms
Air Products and Chemicals EV-to-FCF 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-FCF, along with its competitors' market caps and EV-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 EV-to-FCF vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Products and Chemicals's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Air Products and Chemicals's EV-to-FCF falls into.
Air Products and Chemicals's current Enterprise Value is $81,765 Mil.
Air Products and Chemicals's Free Cash Flow 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 $-1,251 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-FCF of -65.37 as of Jun. 29, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Air Products and Chemicals and its competitors. According to the industry distribution chart, Air Products and Chemicals ranks #999999 out of 920 companies in the Chemicals industry.
Is Air Products and Chemicals' EV-to-FCF too high?
Air Products and Chemicals' current EV-to-FCF is -65.37. Based on the distribution chart, Air Products and Chemicals ranks #999999 out of 920 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Air Products and Chemicals has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Air Products and Chemicals' EV-to-FCF compare to ECL and SHW?
According to the Chemicals industry distribution chart, Air Products and Chemicals ranks #999999 out of 920 companies for EV-to-FCF. This places Air Products and Chemicals in the lower half of its industry. The industry median EV-to-FCF is 22.41. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Chemicals company?
The median EV-to-FCF among Chemicals companies is 22.41, based on 920 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Air Products and Chemicals and its competitors. For the Chemicals industry, the median EV-to-FCF is 22.41 — 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-FCF is -65.37. 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 $283.79, compared to a current price of $277.79 — trading 2.1% below its estimated fair value. The current EV-to-FCF is -65.37. Air Products and Chemicals' overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Air Products and Chemicals (APD), the current EV-to-FCF is -65.37 as of Jun. 29, 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 undervalued.
The current stock price of $277.79 is trading 2.1% below its estimated GF Value™ of $283.79.
GuruFocus considers Air Products and Chemicals to be Fairly Valued.
Key valuation signals for APD:
EV-to-FCF: -65.37
GF Value™: $283.79 vs. price of $277.79 (2.1% below fair value)
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.
79GF Score
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