Air Products and ChemicalsAPD +0.43%79 PS Ratio is 5.01 as of Jun. 25, 2026, which is 1% above its 10-year median of 4.97. GuruFocus rates APD with a GF Score™ of 79/100 and a GF Value™ of $283.79 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,582 Chemicals companies, Air Products and Chemicals ranks worse than 80.34% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Air Products and Chemicals's share price is $279.93.
Air Products and Chemicals's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $55.93. Hence, Air Products and Chemicals's PS Ratio for today is 5.01.
The historical rank and industry rank for Air Products and Chemicals's PS Ratio or its related term are showing as below:
APD'
s PS Ratio Range Over the Past 10 Years
Min: 3.69 Med: 4.97 Max: 7.7
Current: 5.04
During the past 13 years, Air Products and Chemicals's highest PS Ratio was 7.70. The lowest was 3.69. And the median was 4.97.
APD's PS Ratio is ranked worse than 80.34% of 1582
companies
in the Chemicals industry
Industry Median: 1.48
vs APD: 5.04
Air Products and Chemicals Inc revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Air Products and Chemicals was 3.70% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -1.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 5.90% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 5.60% per year.
During the past 13 years, Air Products and Chemicals's highest 3-Year average Revenue per Share Growth Rate was 12.40% per year. The lowest was -10.50% per year. And the median was 5.40% per year.
Back to Basics: PS Ratio
Air Products and Chemicals (NYSE:APD) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Air Products and Chemicals PS Ratio Related Terms
Air Products and Chemicals PS Ratio 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 PS Ratio, along with its competitors' market caps and PS Ratio 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 PS Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Air Products and Chemicals's PS Ratio distribution charts can be found below:
* The bar in red indicates where Air Products and Chemicals's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Air Products and Chemicals's Share Price of today is $279.93. Air Products and Chemicals's Revenue per Share 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 $55.93.
* 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.
It can also be calculated from the numbers for the whole company:
Air Products and Chemicals (APD) has a PS Ratio of 5.01 as of Jun. 25, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Air Products and Chemicals and its competitors. This is near median its historical median of 4.97. Over the past decade, Air Products and Chemicals' PS Ratio has ranged from 3.69 to 7.70. According to the industry distribution chart, Air Products and Chemicals ranks #1271 out of 1582 companies in the Chemicals industry, placing it in the top 80.3%.
Is Air Products and Chemicals' PS Ratio too high?
Air Products and Chemicals' current PS Ratio of 5.01 is near median its 10-year median of 4.97. Over the past 10 years, this metric has ranged from a low of 3.69 to a high of 7.70. The Chemicals industry median PS Ratio is 1.48. Air Products and Chemicals' value of 5.01 is 238.5% above this industry median. Based on the distribution chart, Air Products and Chemicals ranks #1271 out of 1582 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' PS Ratio compare to ECL and SHW?
According to the Chemicals industry distribution chart, Air Products and Chemicals ranks #1271 out of 1582 companies for PS Ratio. This places Air Products and Chemicals in the lower half of its industry. The industry median PS Ratio is 1.48. Air Products and Chemicals' value of 5.01 is 238.5% above this benchmark. Historically, Air Products and Chemicals' own PS Ratio has ranged from 3.69 to 7.70 over the past decade. While the company's 10-year median is 4.97 vs. the industry median of 1.48, 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 PS Ratio for a Chemicals company?
The median PS Ratio among Chemicals companies is 1.48, based on 1,582 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Air Products and Chemicals's current PS Ratio of 5.01 is 238.5% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Air Products and Chemicals and its competitors. For the Chemicals industry, the median PS Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Products and Chemicals's current PS Ratio is 5.01, which is near median its own 10-year median of 4.97. 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 $279.93 — trading 1.4% below its estimated fair value. The current PS Ratio is 5.01, which is near median its 10-year median of 4.97 and 238.5% above the Chemicals industry median of 1.48. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Air Products and Chemicals (APD), the current PS Ratio is 5.01 as of Jun. 25, 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 $279.93 is trading 1.4% below its estimated GF Value™ of $283.79.
GuruFocus considers Air Products and Chemicals to be Fairly Valued.
Key valuation signals for APD:
PS Ratio: 5.01 (near median its 10-year median of 4.97)
GF Value™: $283.79 vs. price of $279.93 (1.4% below fair value)
Industry Position: 238.5% above the Chemicals median (#1271 of 1582)
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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