APD
Air Products and Chemicals Inc. Materials - Industrial Gases Investor Relations →
Air Products and Chemicals Inc. (APD) closed at $280.21 as of 2026-06-19, trading 5.0% above its 200-week moving average of $266.82. The stock is currently moving closer to the line, down from 5.6% last week. The 14-week RSI sits at 46, indicating neutral momentum.
Trading volume is running at 1.5x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.91 ratio) is neutral — neither side is clearly dominating.
Over the past 2365 weeks of data, APD has crossed below its 200-week moving average 27 times. On average, these episodes lasted 10 weeks. Historically, investors who bought APD at the start of these episodes saw an average one-year return of +16.5%.
With a market cap of $62.4 billion, APD is a large-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 12.4%. The stock trades at 4.0x book value.
APD is a Dividend Aristocrat, having increased its dividend for 25 or more consecutive years. The current yield is 258.00%.
Over the past 33.5 years, a hypothetical investment of $100 in APD would have grown to $2933, compared to $3097 for the S&P 500. APD has returned 10.6% annualized vs 10.8% for the index, underperforming the broader market over this period.
Free cash flow has been declining at a -100% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: APD vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After APD Crosses Below the Line?
Across 22 historical episodes, buying APD when it crossed below its 200-week moving average produced an average return of +15.9% after 12 months (median +17.0%), compared to +7.0% for the S&P 500 over the same periods. 90% of those episodes were profitable after one year. After 24 months, the average return was +26.4% vs +11.9% for the index.
Each line shows $100 invested at the moment APD crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. APD currently has negative free cash flow, so price-based dislocation levels are not available. The score still tracks yield deviation from baseline.
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from APD's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
APD has crossed below its 200-week MA 27 times with an average 1-year return of +16.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Feb 1981 | Mar 1981 | 3 | 2.6% | -26.3% | +15021.6% |
| May 1981 | Jan 1983 | 85 | 38.1% | -19.1% | +15066.0% |
| Feb 1984 | Mar 1984 | 2 | 4.2% | +33.1% | +16584.1% |
| Jul 1984 | Jul 1984 | 1 | 0.4% | +42.9% | +15867.0% |
| Nov 1987 | Dec 1987 | 1 | 0.7% | +31.3% | +9320.3% |
| Aug 1998 | Oct 1998 | 6 | 5.4% | +11.4% | +1741.0% |
| Feb 1999 | Feb 1999 | 1 | 2.0% | -2.3% | +1680.5% |
| Feb 1999 | Mar 1999 | 4 | 3.9% | -17.0% | +1687.4% |
| Jul 1999 | Aug 1999 | 1 | 2.6% | +1.1% | +1601.5% |
| Aug 1999 | May 2000 | 36 | 28.3% | +8.7% | +1552.1% |
| May 2000 | Aug 2000 | 11 | 13.1% | +36.1% | +1522.8% |
| Sep 2000 | Sep 2000 | 2 | 3.6% | +18.9% | +1490.4% |
| Oct 2000 | Oct 2000 | 1 | 3.8% | +11.4% | +1540.1% |
| Nov 2000 | Nov 2000 | 3 | 3.9% | +25.6% | +1495.7% |
| Sep 2001 | Sep 2001 | 1 | 5.9% | +30.3% | +1522.3% |
| Sep 2008 | Jul 2009 | 43 | 38.0% | +10.6% | +565.1% |
| Feb 2010 | Mar 2010 | 4 | 6.0% | +32.4% | +564.2% |
| May 2010 | Aug 2010 | 13 | 11.7% | +33.6% | +538.1% |
| Aug 2011 | Aug 2011 | 1 | 0.7% | +15.6% | +483.5% |
| Mar 2022 | Mar 2022 | 1 | 3.6% | +31.5% | +42.4% |
| Jul 2022 | Jul 2022 | 2 | 3.3% | +26.6% | +32.8% |
| Sep 2022 | Oct 2022 | 4 | 2.5% | +23.9% | +30.1% |
| Jan 2024 | May 2024 | 17 | 16.0% | +25.2% | +14.0% |
| Jun 2024 | Jul 2024 | 2 | 3.3% | +12.2% | +14.3% |
| Mar 2025 | Apr 2025 | 3 | 0.4% | +14.4% | +9.9% |
| Oct 2025 | Jan 2026 | 13 | 8.6% | N/A | +10.5% |
| Jan 2026 | Jan 2026 | 1 | 0.2% | N/A | +7.9% |
| Average | 10 | — | +16.5% | — |
Frequently Asked Questions
Is APD below its 200-week moving average?
No. Air Products and Chemicals Inc. (APD) is currently 5.0% above its 200-week moving average of $266.82. It would need to fall to $266.82 to cross below the line.
What is APD's 200-week moving average price?
Air Products and Chemicals Inc.'s 200-week moving average is $266.82 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when APD drops below its 200-week moving average?
APD has crossed below its 200-week moving average 27 times in our data. On average, buying at that moment produced a one-year return of +16.5%. These dips have historically been decent entry points. These episodes lasted 10 weeks on average.
Is APD a good value right now?
Here's what our data says about APD as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 46. Free cash flow is currently negative. Return on equity is 12.4%. Price-to-book is 4.0x. This is not a buy or sell recommendation — always do your own research.
How does APD compare to the S&P 500?
Over the past 33.5 years, $100 invested in APD would have grown to $2933, compared to $3097 for the S&P 500. That's 10.6% annualized vs 10.8% for the index. APD has underperformed the broader market over this period.
Does APD pay a dividend?
Yes. Air Products and Chemicals Inc. currently pays a dividend yield of 258.00%. It is also a Dividend Aristocrat, meaning it has raised its dividend for 25 or more consecutive years.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19