Allentown, Pennsylvania-based Air Products and Chemicals, Inc. (APD) operates as a leading industrial gases company providing atmospheric gases, process and specialty gases, equipment, and related services. With a market cap of $70.4 billion, Air Products’ operations span the Americas, Indo-Pacific, Europe, and the Middle East.
Companies worth $10 billion or more are generally described as “large-cap stocks,” APD fits this bill perfectly. Given the company’s extensive operations and dominance in the materials sector, its valuation above this mark is not surprising.
