Question 1

What is Ashland's P/B ratio?

Accepted Answer

Ashland (ASH) P/B ratio is 1.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Ashland?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Ashland specifically, the relevant sector benchmark is the current sector median of 2.9×.

Question 5

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

Accepted Answer

Ashland's P/B ratio of 1.4× is below its own 5-year average of 1.6× and below the sector median of 2.9×. That places the current reading at the 31th 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/B ratio range?

Accepted Answer

In the available daily series, Ashland (ASH) P/B ratio has ranged from a low of 0.1× in 2008 to a high of 2.4× in 2021. The 5-year average is 1.6× and the 5-year median is 1.5×.

Question 7

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

Accepted Answer

Ashland (ASH) P/B ratio at the end of 2025 was 1.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$1.89B	1.2×	-0.3×	Sep 30, 2025
2024	$4.09B	$2.87B	1.4×	+0.1×	Sep 30, 2024
2023	$4.17B	$3.10B	1.3×	-0.2×	Sep 30, 2023
2022	$5.13B	$3.22B	1.6×	-0.3×	Sep 30, 2022
2021	$5.08B	$2.75B	1.8×	+0.4×	Sep 30, 2021
2020	$4.33B	$3.04B	1.4×	+0.1×	Sep 30, 2020
2019	$4.62B	$3.57B	1.3×	-0.2×	Sep 30, 2019
2018	$5.22B	$3.41B	1.5×	+0.3×	Sep 30, 2018
2017	$4.05B	$3.41B	1.2×	+0.1×	Sep 30, 2017
2016	$3.52B	$3.35B	1.1×	-0.0×	Sep 30, 2016
2015	$3.30B	$3.04B	1.1×	+0.1×	Sep 30, 2015
2014	$3.57B	$3.58B	1.0×	+0.2×	Sep 30, 2014
2013	$3.48B	$4.55B	0.8×	+0.1×	Sep 30, 2013
2012	$2.78B	$4.03B	0.7×	+0.3×	Sep 30, 2012
2011	$1.69B	$4.13B	0.4×	-0.1×	Sep 30, 2011
2010	$1.89B	$3.80B	0.5×	+0.0×	Sep 30, 2010
2009	$1.65B	$3.58B	0.5×	+0.2×	Sep 30, 2009
2008	$945.54M	$3.20B	0.3×	-0.3×	Sep 30, 2008
2007	$1.87B	$3.15B	0.6×	-0.1×	Sep 30, 2007
2006	$2.01B	$3.10B	0.6×	+0.1×	Sep 30, 2006
2005	$1.94B	$3.74B	0.5×	-0.1×	Sep 30, 2005
2004	$1.63B	$2.71B	0.6×	+0.2×	Sep 30, 2004
2003	$894.67M	$2.25B	0.4×	+0.1×	Sep 30, 2003
2002	$726.41M	$2.17B	0.3×	—	Sep 30, 2002


Linde (LIN)	6.0×
RPM International (RPM)	4.6×
Freeport-McMoRan (FCX)	4.4×
Vulcan Materials (VMC)	4.3×
Air Products and Chemicals (APD)	4.1×
Agnico Eagle Mines (AEM)	3.9×
CF Industries Holdings (CF)	3.7×
Newmont (NEM)	3.4×
Martin Marietta Materials (MLM)	3.1×
CRH (CRH)	3.0×
PPG Industries (PPG)	3.0×
Steel Dynamics (STLD)	2.8×
LyondellBasell (LYB)	2.6×
Corteva (CTVA)	2.3×
Albemarle (ALB)	2.1×
Dow (DOW)	2.0×
Weyerhaeuser (WY)	1.9×
Nucor (NUE)	1.8×
H.B. Fuller (FUL)	1.7×
Eastman Chemical (EMN)	1.4×
Avient (AVNT)	1.4×
DuPont de Nemours (DD)	1.3×
International Flavors & Fragrances (IFF)	1.3×
Stepan (SCL)	1.0×
Mosaic (MOS)	0.7×

P/B Ratio for Ashland (ASH)

P/B Ratio daily chart for Ashland (ASH)

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

About P/B Ratio at Ashland (ASH)

Ashland P/B Ratio by Year

Ashland P/B Ratio 2025: 1.2×

Ashland P/B Ratio 2024: 1.4×

Ashland P/B Ratio 2023: 1.3×

Ashland P/B Ratio 2022: 1.6×

Ashland P/B Ratio 2021: 1.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Ashland (ASH) Key Financials

P/B Ratio daily chart for Ashland (ASH)

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

About P/B Ratio at Ashland (ASH)

Ashland P/B Ratio by Year

Ashland P/B Ratio 2025: 1.2×

Ashland P/B Ratio 2024: 1.4×

Ashland P/B Ratio 2023: 1.3×

Ashland P/B Ratio 2022: 1.6×

Ashland P/B Ratio 2021: 1.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Ashland's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

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

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

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

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

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

Ashland (ASH) Key Financials