Air Products (APD)
NYSEMaterialsChemicals - SpecialtySnapshot 2026-11-04
$318.87+1.89%
Close 2026-11-04 · 1-day change
NYSEMaterialsChemicals - SpecialtySnapshot 2026-11-04
Research Workspace
Put APD beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Materials: fringe margins under pressure (0q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Full-year adjusted EPS of $13.12 in fiscal 2026: Comparison needs review.
View ThesisRevenue is growing steadily — about 5% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 34%, softest on free-cash-flow margins.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look high — the market is pricing in about 28% growth a year, above the roughly 7% analysts expect, leaving little room for error.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskAPD's core industrial gas growth must keep compounding to justify the price. Revenue grew 9% year over year in the latest quarter. The company beat its earnings estimate by 4.6%. It trades at 24 times earnings versus a 16 times peer median. The market is pricing in more growth than we forecast. The primary pillar is under pressure. The thesis comparison is not yet verified. Peer multiples imply a price about 28% below where it trades. The thesis is on watch.
Trailing returns as of 2026-11-04. APD is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 23 analysts currently covering APD (as of Nov 2026).
Based on 9 Wall Street analysts offering 12-month price targets for APD in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| APD Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 10 valuation methods, at three horizons. As of 2026-11-05. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Materials (broad) — fair value, gap to price, and forward P/E.
Compare the value case
Put APD next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Raise full-year adjusted EPS guidance
Official guidance confirms EPS growth and CapEx discipline.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $318.87
The last 12 months of price, then the range of analyst 12-month targets from today’s $318.87.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Raise full-year adjusted EPS guidance
FY27 outlook beats estimates, supporting EPS growth objective.
Advances: Optimize large project portfolio and focus on core industrial gas growth
New deal aligns with optimizing project portfolio and growth.
Advances: Optimize large project portfolio and focus on core industrial gas growth
Finalizing deal supports focus on core industrial gas growth.
Advances: Optimize large project portfolio and focus on core industrial gas growth
Focus on core industrial gas growth aligns with management's strategy.
Advances: Raise full-year adjusted EPS guidance
S&P's stable outlook supports EPS growth expectations.
Advances: Maintain capital expenditures at $4 billion
Facility expansion supports capital expenditure objectives.
Price target increase reflects positive earnings outlook.