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ETR/AP3 (ETR/AP3)

Deutsche Börse Xetra: ETR/AP3 · EUR

€276

+1.80 (+0.7%)· Recorded snapshot

Market cap	61.8B
Revenue (ttm)	11B
Net income (ttm)	-41.4M
EPS (ttm)	-€0.19
P/E (forward)	21.6x
Dividend	€6.36 (2.30%)
Volume	2
Beta	0.76

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 11B
Net income (ttm): -41.4M
EPS (ttm): -€0.19
P/E (forward): 21.6x
Market cap: 61.8B

Metric	Value
Amount currency	EUR
Country	United States
Country code	DE
Earnings date	2026-11-05
Employees	21,300
Employees change	-1,700
Employees growth	-7.39%
Enterprise value	EUR 79.7B
Exchange	Deutsche Börse Xetra
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-10
Fiscal year end	September
Founded	1940
Industry	Specialty Chemicals
Is primary listing	No
ISIN number	US0091581068
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Market cap	EUR 61.8B
Next earnings date	2026-11-05
Price	EUR 276.30
Price currency	EUR
Sector	Materials
SIC code	2810
Stock price date	2026-10-28
Symbol	etr/AP3
Website	https://www.airproducts.com

Metric

Value

Amount currency

EUR

Country

United States

Country code

Earnings date

2026-11-05

Employees

21,300

Employees change

-1,700

Employees growth

-7.39%

Enterprise value

EUR 79.7B

Exchange

Deutsche Börse Xetra

Financial currency

USD

Financial report date

2026-06-30

First seen

2026-05-10

Fiscal year end

September

Founded

1940

Industry

Specialty Chemicals

Is primary listing

ISIN number

US0091581068

Last earnings date

2026-07-30

Last refreshed

2026-10-28

Market cap

EUR 61.8B

Next earnings date

2026-11-05

Price

EUR 276.30

Price currency

EUR

Sector

Materials

SIC code

2810

Stock price date

2026-10-28

Symbol

etr/AP3

Website

https://www.airproducts.com

Metric	Value
Average P/E ratio (10Y)	27.15x
Average P/E ratio (3Y)	27.29x
Average P/E ratio (5Y)	27.32x
Earnings yield	-0.07%
EV/EBIT	22.96x
EV/EBITDA	16.01x
EV/Sales	7.01x
FCF / EV yield	-0.33%
FCF yield	-0.43%
Forward P/E	21.55x
Industry forward P/E	22.21x
P/(OCF - SBC) ratio	15.51x
P/B ratio	4.23x
P/OCF ratio	15.34x
P/S ratio	5.56x
Price / tangible book value	5.54x
Price/EBITDA ratio	15.07x
Sector forward P/E	16.37x
Sector P/E	15.67x

Metric

Value

Average P/E ratio (10Y)

27.15x

Average P/E ratio (3Y)

27.29x

Average P/E ratio (5Y)

27.32x

Earnings yield

-0.07%

EV/EBIT

22.96x

EV/EBITDA

16.01x

EV/Sales

7.01x

FCF / EV yield

-0.33%

FCF yield

-0.43%

Forward P/E

21.55x

Industry forward P/E

22.21x

P/(OCF - SBC) ratio

15.51x

P/B ratio

4.23x

P/OCF ratio

15.34x

P/S ratio

5.56x

Price / tangible book value

5.54x

Price/EBITDA ratio

15.07x

Sector forward P/E

16.37x

Sector P/E

15.67x

Metric	Value
EBIT margin	24.66%
EBITDA margin	36.92%
Gross margin	32.06%
Operating margin	24.66%
Pretax margin	-0.65%
Profit margin	-0.38%
Profit per employee	EUR -1,953
Revenue per employee	EUR 520,464
ROA	4.73%
ROA (5Y)	5.26%
ROCE	8.67%
ROE	0.02%
ROE (5Y)	13.63%
ROIC	8.94%
ROIC (5Y)	10.12%
SBC / revenue	0.39%
Tax / revenue	-0.68%

Metric

Value

EBIT margin

24.66%

EBITDA margin

36.92%

Gross margin

32.06%

Operating margin

24.66%

Pretax margin

-0.65%

Profit margin

-0.38%

Profit per employee

EUR -1,953

Revenue per employee

EUR 520,464

ROA

4.73%

ROA (5Y)

5.26%

ROCE

8.67%

ROE

0.02%

ROE (5Y)

13.63%

ROIC

8.94%

ROIC (5Y)

10.12%

SBC / revenue

0.39%

Tax / revenue

-0.68%

Metric	Value
EPS growth years	0
Gross profit growth	5.12%
Gross profit growth (Q)	5.43%
Gross profit growth 3Y	2.68%
Gross profit growth 5Y	5.74%
Net income growth years	0
OCF growth	54.81%
OCF growth (Q)	52.51%
OCF growth (QoQ)	18.26%
OCF growth 10Y	5.92%
OCF growth 3Y	12.38%
OCF growth 5Y	3.94%
Operating income growth	9.56%
Operating income growth (Q)	9.91%
Operating income growth 3Y	5.42%
Operating income growth 5Y	6.29%
Revenue growth	4.51%
Revenue growth (Q)	4.58%
Revenue growth (QoQ)	-0.34%
Revenue growth 10Y	4.64%
Revenue growth 3Y	-0.98%
Revenue growth 5Y	5.15%
Revenue growth quarters	3
Revenue growth years	0

Metric

Value

EPS growth years

Gross profit growth

5.12%

Gross profit growth (Q)

5.43%

Gross profit growth 3Y

2.68%

Gross profit growth 5Y

5.74%

Net income growth years

OCF growth

54.81%

OCF growth (Q)

52.51%

OCF growth (QoQ)

18.26%

OCF growth 10Y

5.92%

OCF growth 3Y

12.38%

OCF growth 5Y

3.94%

Operating income growth

9.56%

Operating income growth (Q)

9.91%

Operating income growth 3Y

5.42%

Operating income growth 5Y

6.29%

Revenue growth

4.51%

Revenue growth (Q)

4.58%

Revenue growth (QoQ)

-0.34%

Revenue growth 10Y

4.64%

Revenue growth 3Y

-0.98%

Revenue growth 5Y

5.15%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	EUR -4.3B
Depreciation and amortization	EUR 1.4B
EBIT	EUR 2.7B
EBITDA	EUR 4.1B
EPS	EUR -0.19
Financing cash flow	EUR -976.4M
Free cash flow	EUR -263.8M
Free cash flow minus SBC	EUR -307.1M
Gross profit	EUR 3.5B
Income taxes	EUR -75.4M
Investing cash flow	EUR -4.2B
Net borrowing	EUR 114.5M
Net cash flow	EUR -1.2B
Net income	EUR -41.4M
Operating cash flow minus SBC	EUR 4B
Operating income	EUR 2.7B
Revenue	EUR 11B
Stock-based compensation	EUR 43.2M

Metric

Value

Capital expenditures

EUR -4.3B

Depreciation and amortization

EUR 1.4B

EBIT

EUR 2.7B

EBITDA

EUR 4.1B

EPS

EUR -0.19

Financing cash flow

EUR -976.4M

Free cash flow

EUR -263.8M

Free cash flow minus SBC

EUR -307.1M

Gross profit

EUR 3.5B

Income taxes

EUR -75.4M

Investing cash flow

EUR -4.2B

Net borrowing

EUR 114.5M

Net cash flow

EUR -1.2B

Net income

EUR -41.4M

Operating cash flow minus SBC

EUR 4B

Operating income

EUR 2.7B

Revenue

EUR 11B

Stock-based compensation

EUR 43.2M

Metric	Value
Altman Z-Score	2.69
Book value per share	EUR 54.57
Debt / EBITDA	3.82
Debt / equity	1.1
Goodwill	EUR 859.8M
Interest coverage	14.16
Long-term assets	EUR 30.9B
Long-term liabilities	EUR 16.8B
Net cash (debt)	EUR -15.1B
Net cash / market cap	-24.63%
Net debt / EBITDA	3.71
Net debt / equity	1.04
Piotroski F-Score	4
Property, plant and equipment	EUR 23.2B
Shareholders' equity	EUR 14.5B
Tangible book value	EUR 11.1B
Tangible book value per share	EUR 49.71
Total assets	EUR 35.4B
Total cash	EUR 875.3M
Total debt	EUR 16B
Total liabilities	EUR 20.9B
WACC	6.89%

Metric

Value

Altman Z-Score

2.69

Book value per share

EUR 54.57

Debt / EBITDA

3.82

Debt / equity

1.1

Goodwill

EUR 859.8M

Interest coverage

14.16

Long-term assets

EUR 30.9B

Long-term liabilities

EUR 16.8B

Net cash (debt)

EUR -15.1B

Net cash / market cap

-24.63%

Net debt / EBITDA

3.71

Net debt / equity

1.04

Piotroski F-Score

Property, plant and equipment

EUR 23.2B

Shareholders' equity

EUR 14.5B

Tangible book value

EUR 11.1B

Tangible book value per share

EUR 49.71

Total assets

EUR 35.4B

Total cash

EUR 875.3M

Total debt

EUR 16B

Total liabilities

EUR 20.9B

WACC

6.89%

Metric	Value
Asset turnover	0.31
Current assets	EUR 4.5B
Current liabilities	EUR 4.1B
Current ratio	1.08
Inventory turnover	11.05
Net working capital	EUR 278.6M
Quick ratio	0.75
Working capital	EUR 339.8M
Working capital turnover	12.42

Metric

Value

Asset turnover

0.31

Current assets

EUR 4.5B

Current liabilities

EUR 4.1B

Current ratio

1.08

Inventory turnover

11.05

Net working capital

EUR 278.6M

Quick ratio

0.75

Working capital

EUR 339.8M

Working capital turnover

12.42

Metric	Value
Buyback yield / dilution	-0.02%
Dividend growth	2.17%
Dividend growth (10Y)	18%
Dividend growth (3Y)	-0.43%
Dividend growth (5Y)	4.31%
Dividend growth years	0
Dividend payment date	2026-11-09
Dividend payment years	7
Dividend payout frequency	Quarterly
Dividend per share	EUR 6.36
Dividend yield	2.3%
Ex-dividend date	2027-01-04
Last dividend	EUR 1.62
Shareholder yield	2.3%

Metric

Value

Buyback yield / dilution

-0.02%

Dividend growth

2.17%

Dividend growth (10Y)

18%

Dividend growth (3Y)

-0.43%

Dividend growth (5Y)

4.31%

Dividend growth years

Dividend payment date

2026-11-09

Dividend payment years

Dividend payout frequency

Quarterly

Dividend per share

EUR 6.36

Dividend yield

2.3%

Ex-dividend date

2027-01-04

Last dividend

EUR 1.62

Shareholder yield

2.3%

Metric	Value
150-day SMA	EUR 255.32
1D price change	0.66%
1M price change	10.37%
1M total return	11.09%
1W price change	3.47%
1W total return	3.47%
1Y price change	24.26%
1Y return CAGR	27.57%
1Y total return	27.55%
20-day SMA	EUR 260.56
200-day SMA	EUR 250.74
3M price change	6.73%
3M total return	7.42%
3Y price change	4.85%
3Y return CAGR	4.26%
3Y total return	13.35%
50-day SMA	EUR 257.39
50-day SMA vs 200-day SMA	50over200
52-week high	EUR 276.30
52-week high date	2026-10-28
52-week low	EUR 197.50
52-week low date	2025-12-10
5Y price change	8.33%
5Y return CAGR	4.22%
5Y total return	22.95%
6M price change	6.44%
6M total return	7.79%
All-time high	EUR 328.70
All-time high date	2025-02-04
All-time low	EUR 197.50
All-time low date	2025-12-10
Average true range (ATR)	EUR 3.47
Average volume	17
Beta (5Y)	0.76
Change from 52-week high	0%
Change from 52-week low	39.9%
Change from all-time high	-16.49%
Change from all-time low	38.99%
Change from open	1.21%
Day's gap	-0.55%
Dollar volume	EUR 553
High price	EUR 276.30
Low price	EUR 273.00
Monthly RSI	56.27
Open price	EUR 273.00
Position in 52-week range	100%
Previous close	EUR 274.50
Price vs 150-day SMA	7.51%
Price vs 20-day SMA	5.35%
Price vs 200-day SMA	9.48%
Price vs 50-day SMA	6.65%
Relative volume	0.12
RSI	71.73
Sharpe ratio	0.87
Sharpe ratio (3Y)	0.16
Sharpe ratio (5Y)	0.14
Sortino ratio	1.69
Sortino ratio (3Y)	0.43
Sortino ratio (5Y)	0.41
Volume	2
Weekly RSI	64.01
YTD price change	30.22%
YTD total return	33.67%

Metric

Value

150-day SMA

EUR 255.32

1D price change

0.66%

1M price change

10.37%

1M total return

11.09%

1W price change

3.47%

1W total return

3.47%

1Y price change

24.26%

1Y return CAGR

27.57%

1Y total return

27.55%

20-day SMA

EUR 260.56

200-day SMA

EUR 250.74

3M price change

6.73%

3M total return

7.42%

3Y price change

4.85%

3Y return CAGR

4.26%

3Y total return

13.35%

50-day SMA

EUR 257.39

50-day SMA vs 200-day SMA

50over200

52-week high

EUR 276.30

52-week high date

2026-10-28

52-week low

EUR 197.50

52-week low date

2025-12-10

5Y price change

8.33%

5Y return CAGR

4.22%

5Y total return

22.95%

6M price change

6.44%

6M total return

7.79%

All-time high

EUR 328.70

All-time high date

2025-02-04

All-time low

EUR 197.50

All-time low date

2025-12-10

Average true range (ATR)

EUR 3.47

Average volume

Beta (5Y)

0.76

Change from 52-week high

Change from 52-week low

39.9%

Change from all-time high

-16.49%

Change from all-time low

38.99%

Change from open

1.21%

Day's gap

-0.55%

Dollar volume

EUR 553

High price

EUR 276.30

Low price

EUR 273.00

Monthly RSI

56.27

Open price

EUR 273.00

Position in 52-week range

100%

Previous close

EUR 274.50

Price vs 150-day SMA

7.51%

Price vs 20-day SMA

5.35%

Price vs 200-day SMA

9.48%

Price vs 50-day SMA

6.65%

Relative volume

0.12

RSI

71.73

Sharpe ratio

0.87

Sharpe ratio (3Y)

0.16

Sharpe ratio (5Y)

0.14

Sortino ratio

1.69

Sortino ratio (3Y)

0.43

Sortino ratio (5Y)

0.41

Volume

Weekly RSI

64.01

YTD price change

30.22%

YTD total return

33.67%

Metric	Value
Float	222.4M
Shares change (QoQ)	-0.04%
Shares change (YoY)	0.02%
Shares held by insiders	0.04%
Shares held by institutions	91.99%
Short ratio	4.5 days

Metric

Value

Float

222.4M

Shares change (QoQ)

-0.04%

Shares change (YoY)

0.02%

Shares held by insiders

0.04%

Shares held by institutions

91.99%

Short ratio

4.5 days

ETR/AP3 (ETR/AP3)

Price

Financial snapshot

Fair-value bridge

Latest news · ETR/AP3

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All ETR/AP3 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on ETR/AP3

Frequently asked questions