Question 1

What is Ashland's P/FCF ratio?

Accepted Answer

Ashland (ASH) P/FCF ratio is 7.7× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Ashland?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Ashland specifically, the relevant sector benchmark is the current sector median of 27.1×.

Question 5

Is Ashland's P/FCF ratio high or low?

Accepted Answer

Ashland's P/FCF ratio of 7.7× is below its own 5-year average of 32.2× and below the sector median of 27.1×. That places the current reading at the 1th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Ashland's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Ashland (ASH) P/FCF ratio has ranged from a low of 1.1× in 2009 to a high of 295.9× in 2012. The 5-year average is 32.2× and the 5-year median is 18.4×.

Question 7

What was Ashland's P/FCF ratio in 2025?

Accepted Answer

Ashland (ASH) P/FCF ratio at the end of 2025 was 19.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Ashland's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$2.20B	$116.00M	19.0×	+4.8×	Sep 30, 2025
2024	$4.09B	$287.00M	14.2×	-42.8×	Sep 30, 2024
2023	$4.17B	$73.00M	57.1×	—	Sep 30, 2023
2022	$5.13B	−$32.00M	—	—	Sep 30, 2022
2021	$5.08B	$286.00M	17.8×	-16.3×	Sep 30, 2021
2020	$4.33B	$127.00M	34.1×	-19.1×	Sep 30, 2020
2019	$4.62B	$87.00M	53.1×	+12.0×	Sep 30, 2019
2018	$5.22B	$127.00M	41.1×	+17.8×	Sep 30, 2018
2017	$4.05B	$174.00M	23.3×	+14.4×	Sep 30, 2017
2016	$3.52B	$394.00M	8.9×	-38.9×	Sep 30, 2016
2015	$3.30B	$69.00M	47.8×	+38.8×	Sep 30, 2015
2014	$3.57B	$395.00M	9.0×	+1.3×	Sep 30, 2014
2013	$3.48B	$453.00M	7.7×	-41.9×	Sep 30, 2013
2012	$2.78B	$56.00M	49.6×	+11.2×	Sep 30, 2012
2011	$1.69B	$44.00M	38.4×	+32.4×	Sep 30, 2011
2010	$1.89B	$311.00M	6.1×	+4.1×	Sep 30, 2010
2009	$1.65B	$851.00M	1.9×	-1.6×	Sep 30, 2009
2008	$945.54M	$265.00M	3.6×	-42.1×	Sep 30, 2008
2007	$1.87B	$41.00M	45.7×	+31.5×	Sep 30, 2007
2006	$2.01B	$142.00M	14.2×	—	Sep 30, 2006
2005	$1.94B	−$231.00M	—	—	Sep 30, 2005
2004	$1.63B	−$20.00M	—	—	Sep 30, 2004
2003	$894.67M	$419.00M	2.1×	-26.9×	Sep 30, 2003
2002	$726.41M	$25.00M	29.1×	—	Sep 30, 2002


Nucor (NUE)	74.2×
Air Products and Chemicals (APD)	58.4×
International Flavors & Fragrances (IFF)	46.4×
Linde (LIN)	45.1×
Ecolab (ECL)	40.1×
Steel Dynamics (STLD)	39.2×
Albemarle (ALB)	36.7×
Martin Marietta Materials (MLM)	34.3×
Weyerhaeuser (WY)	34.1×
Southern Copper (SCCO)	33.1×
Vulcan Materials (VMC)	32.2×
Corteva (CTVA)	27.5×
Sherwin-Williams (SHW)	27.1×
RPM International (RPM)	25.2×
H.B. Fuller (FUL)	24.7×
CRH (CRH)	24.4×
Agnico Eagle Mines (AEM)	22.3×
PPG Industries (PPG)	19.5×
Eastman Chemical (EMN)	17.5×
DuPont de Nemours (DD)	17.0×
Avient (AVNT)	16.2×
Freeport-McMoRan (FCX)	13.6×
CF Industries Holdings (CF)	12.4×
Newmont (NEM)	9.6×
LyondellBasell (LYB)	9.3×

P/FCF Ratio for Ashland (ASH)

P/FCF Ratio daily chart for Ashland (ASH)

Historical P/FCF Ratio for Ashland (ASH) from 2002 to 2025

About P/FCF Ratio at Ashland (ASH)

Ashland P/FCF Ratio by Year

Ashland P/FCF Ratio 2025: 19.0×

Ashland P/FCF Ratio 2024: 14.2×

Ashland P/FCF Ratio 2023: 57.1×

Ashland P/FCF Ratio 2021: 17.8×

Ashland P/FCF Ratio 2020: 34.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Ashland (ASH) Key Financials

P/FCF Ratio daily chart for Ashland (ASH)

Historical P/FCF Ratio for Ashland (ASH) from 2002 to 2025

About P/FCF Ratio at Ashland (ASH)

Ashland P/FCF Ratio by Year

Ashland P/FCF Ratio 2025: 19.0×

Ashland P/FCF Ratio 2024: 14.2×

Ashland P/FCF Ratio 2023: 57.1×

Ashland P/FCF Ratio 2021: 17.8×

Ashland P/FCF Ratio 2020: 34.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Ashland's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Ashland?

+Is Ashland's P/FCF ratio high or low?

+What is Ashland's historical P/FCF ratio range?

+What was Ashland's P/FCF ratio in 2025?

+Why does Ashland's P/FCF ratio change over time?

Ashland (ASH) Key Financials