P/B Ratio for Air Products and Chemicals (APD)

Air Products and Chemicals (APD) P/B ratio is 4.0× as of June 5, 2026. The 5-year average is 4.2×. The sector median currently stands at 2.9×. The current ratio is at the 32th percentile of its own 10-year history.

Air Products and Chemicals (APD) historical P/B ratio has ranged from a low of 2.1× (2008) to a high of 5.5× (2022) in the available daily series.

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.