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STOCK COMPARISON

Air Products and Chemicals vs Newmont Goldcorp: Fair Value & Quality

Both stocks run through our valuation models. Here is how Air Products and Chemicals (APD) and Newmont Goldcorp (NEM) compare, as of Sep 30, 2026.

As of Sep 30, 2026, Fair Value Calculator sees Newmont Goldcorp as the more attractively valued of the two: Air Products and Chemicals trades at $279 versus a fair value of $243 (−13.0%), while Newmont Goldcorp trades at $116 versus $134 (+15.1%).
Air Products and Chemicals
APD · USD · Materials
−13.0%
upside to fair value
overvalued
Price$279
Fair Value$243
Quality36/100
Newmont Goldcorp
NEM · USD · Materials
+15.1%
upside to fair value
undervalued
Price$116
Fair Value$134
Quality69/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Air Products and ChemicalsNewmont Goldcorp
Valuation
31.6×P/E (TTM)14.6×
23.2×P/E ex one-offs (FY2025)9.0×
19.3×Forward P/E (FY2027)11.3×
24.6×Median P/E at FY-end (9 FY, ex one-offs where documented)n/a
4.93×P/S (TTM)4.81×
4.13×P/B3.66×
16.6×EV/EBITDA7.1×
2.07×PEG2.83×
−13.0%Fair value upside+15.1%
2.6%Dividend yield0.9%
$7.20Dividend per share$1.03
Profitability
25.5%Operating margin51.6%
n/aEBIT margin trend (5Y)1.80×
0.0%Return on equity25.9%
4.7%Return on assets15.8%
Growth
4.6%Revenue growth (YoY)15.1%
-1.8%Avg. growth/yr (3Y)22.7%
6.3%Avg. growth/yr (5Y)14.1%
n/aValue creation/yr+40.9%
Balance & size
n/aInterest coverage (EBIT/interest)34.4×
1.13×Debt / equity0.15×
$62BMarket cap$124B
mixedGrowth qualityhealthy
The P/E excluding one-off items is scored: for at least one of the two companies, special items (write-downs, restructuring, litigation) move the reported P/E by 15 % or more. The trailing P/E is shown for reference.
Air Products and Chemicals, median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 24.6.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Newmont Goldcorp leads: 2 to 11 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Air Products and Chemicalsof which business quality 35 · market factors 57 Newmont Goldcorpof which business quality 68 · market factors 70
ProfitabilityMargins and returns on capital today
11
61
Quality GrowthAre margins and returns improving?
20
92
CashflowEarnings quality: real cash, not paper profit
31
81
Fin. StrengthBalance sheet, leverage, solvency risk
44
85
InvestmentDisciplined investing over empire-building
35
22
Low VolatilityCalm price path (market factor)
78
59
MomentumPrice trend over the last 3–12 months (market factor)
46
75
52W MomentumDistance to the 52-week high (market factor)
51
72
Net IssuanceShare count: buybacks or dilution?
82
50

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAir Products and ChemicalsPrice $279Newmont GoldcorpPrice $116
DCF Modelsn/a+24.3%above the price$144
Earnings-Basedn/a−36.6%below the price$73.63
Dividend Discount−61.9%below the price$106n/a
Multiplesn/a−9.2%close to the price$105
Asset-Based−83.8%below the price$45.21−81.4%below the price$21.53
Growth DCFn/a−4.4%close to the price$111
Economic Profitn/a−40.4%below the price$69.15
Growth Earningsn/a−6.3%close to the price$109
Minimum−83.8%below the price$45.21−81.4%below the price$21.53
Maximum−61.9%below the price$106+24.3%above the price$144
Median−72.9%below the price$75.67−9.2%close to the price$105
Geometric mean−75.2%below the price$69.27−31.5%below the price$79.53

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Air Products and Chemicals: 3 of 3 models see the stock below the current price.

Newmont Goldcorp: 14 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Air Products and Chemicals
Price $279
Fair Value $243
Bear $135Bull $386
Newmont Goldcorp
Price $116
Fair Value $134
Bear $100Bull $167

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Air Products and Chemicals · Materials

Quality score36 · bottom 25%
Fair value upside−13.0% · above median

Newmont Goldcorp · Materials

Quality score69 · Top 25%
Fair value upside+15.1% · above median

Bottom line

As of Sep 30, 2026, Fair Value Calculator sees Newmont Goldcorp as the more attractively valued of the two: Air Products and Chemicals trades at $279 versus a fair value of $243 (−13.0%), while Newmont Goldcorp trades at $116 versus $134 (+15.1%).

Newmont Goldcorp has the higher quality score (69/100).

Open Newmont Goldcorp live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.