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Air Products and Chemicals vs Evonik Industries: Which Stock Looks Stronger in 2026?

Air Products and Chemicals holds the cleaner structural position, with valuation as the main driver and profitability adding further support. Evonik Industries still has the edge on profitability, which keeps the comparison from looking entirely one-sided. The market setup broadly confirms the structural lead — Air Products and Chemicals holds the more constructive position. That puts structure and market broadly in agreement — Air Products and Chemicals's lead looks more confirmed than conflicted.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The clearest separation starts in valuation, but stability adds another real layer to the result.

INDUSTRY COMPARISON

Both operate in: Specialty Chemicals

This comparison is based on industry proximity, not on functional trajectory similarity. APD and EVK.DE share the same industry classification.

For a similarity-based comparison, see how APD and Evonik Industries each position within their functional peer groups in AssetNext.

Peer-Relative Score
APD
Air Products and Chemicals, Inc.
64
Peer-Score
Signal qualityHigh
vs
EVK.DE
Evonik Industries AG
58
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: APD vs EVK.DE Profitability 35 53 Stability 74 58 Valuation 75 49 Growth 79 78 APD EVK.DE
Gap Ranking
#1 Valuation +26
#2 Profitability +18
#3 Stability +16
#4 Growth +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for APD and EVK.DE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer APDEVK.DE Relative valuation Structural strength

Structure stays fairly close here, while current pricing still looks more supportive for Evonik Industries AG.

Valuation position uses Forward P/E and peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Both rank well on valuation, but Air Products and Chemicals, Inc. still holds a clear edge.
Profitability
Evonik Industries AG sits in the stronger part of the group on profitability, while Air Products and Chemicals, Inc. is closer to mid-pack.
Valuation — Dominant Gap
APD
75
EVK.DE
49
Gap+26in favour of APD

The peer-relative valuation gap is wide, with the stronger side also looking meaningfully cheaper.

What keeps the gap from being one-sided

Capital efficiency also runs the other way, with a 4.2-point ROIC edge acting as a real counterforce.

What this means for the comparison

Valuation points more clearly to Air Products and Chemicals, Inc., but profitability and current pricing keep the broader result mixed.

Explore full peer positioning in AssetNext

Break down the APD vs EVK.DE comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar valuation-and-profitability comparisons

Explore how APD and EVK.DE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.