Forward PE Ratio: 22.46
The forward PE ratio is 22.46 as of Thursday, July 9, 2026.
Forward PE Ratio (22.46) = Close Price ($295.85) / Consensus Forward EPS ($13.21)
APD Forward PE Ratio Metrics
FORWARD PE RATIO
22.46
APD Competitors' Forward PE Ratio
Air Products and Chemicals, Inc.
Market Cap
$65.88B
Forward PE Ratio
22.46
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Air Products and Chemicals, Inc. (APD) | $65.88B | 22.46 |
| CRH plc (CRH)vs › | $69.73B | 17.34 |
| Barrick Mining Corporation (B)vs › | $61.71B | 9.47 |
| Vale S.A. (VALE)vs › | $60.64B | 6.92 |
| Corteva, Inc. (CTVA)vs › | $56.09B | 22.73 |
| Ecolab Inc. (ECL)vs › | $76.84B | 33.10 |
| Nucor Corporation (NUE)vs › | $50.62B | 14.25 |
| Wheaton Precious Metals Corp. (WPM)vs › | $50.25B | 20.27 |
| The Sherwin-Williams Company (SHW)vs › | $81.89B | 28.15 |
| Johnson Controls International plc (JCI)vs › | $85.74B | 28.62 |
Trailing vs Forward
Trailing P/E
31.4
reported TTM EPS
Forward P/E
22.5
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $13.21 implies +39.8% EPS growth vs the reported trailing $9.45.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $295.85 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-09-30 | $13.21 | $13.11 – $13.30 | 11 | 22.4x |
| 2027-09-30 | $14.27 | $14.09 – $14.51 | 12 | 20.7x |
| 2028-09-30 | $15.50 | $15.00 – $16.35 | 4 | 19.1x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
Forward PE Ratio Formula & Definition
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Forward PE Ratio FAQ
- What is the forward PE ratio for Air Products and Chemicals, Inc. (APD)?
- The forward PE ratio for APD stock is 22.46.
Related Metrics
About Air Products and Chemicals, Inc.
Operating globally, Air Products and Chemicals, Inc. (APD) is a prominent supplier of industrial gases, specialized equipment, and associated services. The company's diverse product range includes atmospheric gases such as oxygen, nitrogen, and argon, as well as various process gases like hydrogen, helium, carbon dioxide, carbon monoxide, and syngas. They also provide a selection of specialty gases. APD is involved in the fabrication of crucial machinery for gas production and handling, including air separation units and non-cryogenic generators. These products and services cater to a broad spectrum of industries, including but not limited to refining, chemical processing, gasification, metals production, general manufacturing, food and beverage, electronics, medical imaging, and energy generation. Moreover, the company's capabilities extend to designing and manufacturing advanced systems for air separation, hydrocarbon recovery and purification, the liquefaction of natural gas, and the secure transportation and storage of liquid helium and hydrogen. APD also engages in a strategic partnership with Baker Hughes Company to further innovate hydrogen compression systems. The firm was established in 1940 and is based in Allentown, Pennsylvania.
- Sector
- Basic Materials
- Industry
- Chemicals - Specialty
- CEO
- Eduardo F. Menezes