APD

Stock

Air Products and Chemicals, Inc.

Worth a look

Bigger than its usual dip. Not yet rare.

Air Products and Chemicals, Inc. is 10.8% off its high — deeper than its 5% average pullback, but it has been through 256 drawdowns before. Not historically significant yet — we'll say so if that changes.

Price $295.85 · as of Jul 9, 2026All-time high $331.69Drawdown -10.8%Severity Score™ 2.2
🟡

Moderately Elevated

Current Drawdown

-10.8%

Days in Drawdown

520

Avg Max Drawdown

5.0%

Avg Length

54

Drawdown Severity Score™

2.2

APD - Price & High Water Mark

APD - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Valuation vs Its Own History

Data as of July 8, 2026 · updated daily

Where today's valuation sits within APD's own multi-year range. A lower percentile means today's ratio is lower than more of its past readings. This is context, not a recommendation.

Price to Sales

5.5xAbove Typical · 85th percentile
Low: 0.81xMedian: 3.4xHigh: 7.9x

20 years of daily history

30.7% below its highest Price to Sales reading · 6.5x typical multiple drawdown · high date November 9, 2020

Price to Sales history

EV to EBITDA

22.2xHistorically High · 95th percentile
Low: 5.2xMedian: 13.7xHigh: 110.9x

20 years of daily history

80.0% below its highest EV to EBITDA reading · 11.5x typical multiple drawdown · high date January 16, 2026

EV to EBITDA history · log scale

How we measure valuation

Air Products and Chemicals, Inc. (APD) Analysis: Current Drawdown Insights

Air Products and Chemicals, Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-07-09, the stock is trading at $295.85, which represents a 10.8% decline from its all-time high of $331.69. This drawdown has persisted for 520 days.

Based on its full tracked price history, Air Products and Chemicals, Inc. typically experiences drawdowns averaging 5.0% in depth, with an average duration of 54 days. Air Products and Chemicals, Inc. has gone through 256 total drawdown events in its tracked history. The largest drawdown on record for Air Products and Chemicals, Inc. was 60.3%, beginning in 2008. The longest drawdown duration on record was 1127 days.

The Drawdown Severity Score™ for Air Products and Chemicals, Inc. currently stands at 2.16. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 2.0 and 3.0 indicates a moderately elevated drawdown that's starting to exceed this asset's normal range.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Air Products and Chemicals, Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.

📜 Historical Drawdown Events

Current drawdown shown in blue. Showing the most recent and the deepest of 256 tracked pullbacks (66 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2025-02-04Ongoing520 days-10.8%$331.69$295.85n/a
2024-12-032025-01-3059 days-15.1%$327.28$277.90$328.78
2024-11-272024-12-026 days-0.5%$326.46$324.94$327.28
2024-10-212024-11-2536 days-7.8%$323.85$298.48$325.67
2024-10-082024-10-092 days-0.7%$304.92$302.65$306.17
2022-12-142024-10-07663 days-31.8%$301.66$205.84$304.92
2022-12-092022-12-135 days-1.7%$296.66$291.61$301.66
2022-12-052022-12-084 days-2.0%$295.35$289.47$296.66
2022-11-282022-11-303 days-2.5%$287.44$280.27$287.67
2022-11-232022-11-253 days-0.3%$286.74$285.80$287.44
2021-11-112022-11-22377 days-30.2%$284.26$198.41$286.74
2020-11-102021-11-05360 days-18.6%$276.86$225.27$279.78
2020-09-032020-11-0968 days-11.6%$273.52$241.72$276.86
2020-08-312020-09-012 days-1.5%$261.58$257.61$266.84
2020-07-232020-08-2837 days-5.8%$260.48$245.40$261.58
2020-07-202020-07-223 days-1.2%$259.14$255.96$260.48
2020-02-182020-07-07140 days-31.0%$222.94$153.90$233.70
2020-02-072020-02-104 days-0.5%$218.62$217.63$219.19
2020-01-272020-02-049 days-4.3%$212.43$203.31$215.17
2019-11-202020-01-2466 days-5.9%$209.10$196.72$212.43
2019-07-312019-11-08101 days-10.2%$199.81$179.34$202.65
2019-07-052019-07-3026 days-3.0%$199.46$193.54$199.81
2019-06-262019-06-283 days-0.5%$192.68$191.65$195.12
2019-06-102019-06-2415 days-2.8%$191.27$185.96$191.77
2019-05-202019-06-0416 days-3.7%$180.01$173.42$183.20
2019-05-062019-05-1712 days-4.0%$179.71$172.50$180.01
2019-05-012019-05-022 days-1.8%$176.46$173.34$178.06
2019-04-222019-04-243 days-0.7%$169.87$168.60$171.00
2019-04-152019-04-162 days-0.1%$166.49$166.29$169.01
2019-04-082019-04-114 days-0.5%$165.66$164.88$165.97
2019-04-022019-04-032 days-0.5%$164.20$163.34$164.40
2019-03-222019-03-276 days-0.7%$159.54$158.45$159.93
2019-03-192019-03-213 days-0.4%$157.98$157.37$159.54
2019-03-152019-03-184 days-0.2%$157.85$157.54$157.98
2019-02-282019-03-1111 days-1.3%$154.77$152.73$156.77
2019-02-142019-02-152 days-0.2%$146.56$146.27$148.36
2019-02-072019-02-126 days-2.4%$144.81$141.39$146.01
2018-01-262019-02-06377 days-12.6%$144.28$126.04$144.81
2018-01-162018-01-249 days-2.0%$141.08$138.26$141.63
2018-01-102018-01-112 days-0.4%$140.18$139.59$140.93
2017-12-262017-12-272 days-0.3%$134.72$134.37$134.93
2017-11-292017-12-2224 days-1.7%$134.57$132.25$134.72
2017-11-142017-11-2815 days-1.2%$134.18$132.61$134.57
2017-10-272017-11-1318 days-1.6%$133.05$130.91$134.18
2017-10-232017-10-253 days-0.4%$127.14$126.63$127.44
2017-10-182017-10-203 days-0.4%$126.52$126.02$127.14
2017-10-162017-10-172 days-0.2%$126.51$126.31$126.52
2017-10-092017-10-124 days-0.4%$126.38$125.92$126.41
2017-10-042017-10-052 days-0.2%$125.50$125.27$125.60
2017-09-262017-10-027 days-0.4%$124.14$123.69$124.69
2017-09-222017-09-254 days-0.5%$123.75$123.10$124.14
2015-03-032016-08-16532 days-24.7%$112.68$84.86$112.83
2011-07-082013-05-16679 days-23.9%$63.26$48.14$63.28
2008-06-062011-07-071127 days-60.3%$63.11$25.05$63.26
2007-12-112008-05-16157 days-18.1%$60.83$49.83$60.90
2005-03-072006-02-16347 days-16.8%$36.35$30.25$36.36
2002-03-202003-12-11632 days-28.0%$27.92$20.09$27.99
2001-07-202002-01-07172 days-30.0%$25.01$17.51$25.16
1999-05-042001-05-17745 days-50.0%$24.42$12.22$24.65
1998-05-141999-04-19341 days-33.4%$22.00$14.65$22.74
1997-08-011998-02-20204 days-15.8%$21.27$17.91$21.27
1994-02-011994-08-02182 days-19.5%$11.19$9.01$11.31
1992-04-211994-01-19639 days-21.5%$10.77$8.45$10.99
1991-06-061991-12-31209 days-16.1%$7.85$6.58$8.00
1990-07-161991-01-24193 days-28.9%$6.31$4.49$6.34
1987-08-111990-01-08882 days-41.4%$5.14$3.02$5.15
1986-04-211987-01-27282 days-28.2%$3.89$2.80$3.96

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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Or explore current drawdowns:

Air Products and Chemicals, Inc. (APD) is trading at $295.85 as of Jul 9, 2026. It is 10.8% below its high of $331.69. The drawdown has lasted 520 days. Severity score: 2.2 (Moderately Elevated).

APD Price History and Drawdown Data

Latest price

$295.85

High-water mark

$331.69

Current drawdown

-10.8%

Days in drawdown

520

This APD page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Air Products and Chemicals, Inc. drawdowns.

What History Says About APD

Air Products and Chemicals, Inc. has dropped 30%+ from its high 8 times in its tracked history. These events lasted an average of 556 days with an average max drop of -38.5%.

The current drawdown of -10.8% has lasted 520 days, which is within the typical range for comparable events.

PeriodMax DropDuration
Jun 2008 to Jul 2011-60.3%1127 days
May 1999 to May 2001-50.0%745 days
Aug 1987 to Jan 1990-41.4%882 days
May 1998 to Apr 1999-33.4%341 days
Dec 2022 to Oct 2024-31.8%663 days
Feb 2020 to Jul 2020-31.0%140 days

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