Question 1

What is Ashland's P/E ratio?

Accepted Answer

Ashland (ASH) P/E ratio is 20.8× as of January 28, 2025. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Ashland?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Ashland specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

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

Accepted Answer

Ashland's P/E ratio of 20.8× is below its own 5-year average of 21.0× and below the sector median of 21.4×. That places the current reading at the 40th 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/E ratio range?

Accepted Answer

In the available daily series, Ashland (ASH) P/E ratio has ranged from a low of 1.0× in 2005 to a high of 799.3× in 2013. The 5-year average is 21.0× and the 5-year median is 23.9×.

Question 7

What was Ashland's P/E ratio in 2024?

Accepted Answer

Ashland (ASH) P/E ratio at the end of 2024 was 24.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$2.2B	-$844M	—	—	Sep 30, 2025
2024	$4.09B	$168M	24.3×	+0.8×	Sep 30, 2024
2023	$4.17B	$177M	23.5×	+18.0×	Sep 30, 2023
2022	$5.13B	$927M	5.5×	-17.5×	Sep 30, 2022
2021	$5.08B	$221M	23.0×	—	Sep 30, 2021
2020	$4.33B	-$508M	—	—	Sep 30, 2020
2019	$4.62B	$505M	9.2×	-36.2×	Sep 30, 2019
2018	$5.22B	$115M	45.4×	—	Sep 30, 2018
2017	$4.05B	$0.00	—	—	Sep 30, 2017
2016	$3.52B	-$29M	—	—	Sep 30, 2016
2015	$3.3B	$309M	10.7×	-4.6×	Sep 30, 2015
2014	$3.57B	$233M	15.3×	+10.2×	Sep 30, 2014
2013	$3.48B	$683M	5.1×	-101.7×	Sep 30, 2013
2012	$2.78B	$26M	106.8×	+103.8×	Sep 30, 2012
2011	$1.69B	$564M	3.0×	-2.7×	Sep 30, 2011
2010	$1.89B	$332M	5.7×	-17.2×	Sep 30, 2010
2009	$1.65B	$72M	22.9×	+17.3×	Sep 30, 2009
2008	$946M	$167M	5.7×	-2.5×	Sep 30, 2008
2007	$1.87B	$230M	8.1×	+3.2×	Sep 30, 2007
2006	$2.01B	$408M	4.9×	+4.0×	Sep 30, 2006
2005	$1.94B	$2.01B	1.0×	-3.3×	Sep 30, 2005
2004	$1.63B	$378M	4.3×	-7.6×	Sep 30, 2004
2003	$895M	$75M	11.9×	+6.3×	Sep 30, 2003
2002	$726M	$129M	5.6×	—	Sep 30, 2002


Solstice Advanced Materials (SOLS)	113.0×
Corteva (CTVA)	48.4×
Ecolab (ECL)	35.6×
Linde (LIN)	32.3×
Vulcan Materials (VMC)	32.1×
Freeport-McMoRan (FCX)	31.1×
Builders FirstSource (BLDR)	31.0×
Air Products and Chemicals (APD)	30.7×
Sherwin-Williams (SHW)	30.3×
Eastman Chemical (EMN)	21.8×
International Flavors & Fragrances (IFF)	21.8×
Avient (AVNT)	21.1×
Steel Dynamics (STLD)	20.6×
Agnico Eagle Mines (AEM)	19.0×
H.B. Fuller (FUL)	18.8×
Nucor (NUE)	16.9×
PPG Industries (PPG)	15.1×
Martin Marietta Materials (MLM)	14.0×
CRH (CRH)	13.9×
Newmont (NEM)	13.9×
CF Industries Holdings (CF)	11.4×
Mosaic (MOS)	11.1×

P/E Ratio for Ashland (ASH) 2002-2026

P/E Ratio daily chart for Ashland (ASH)

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

About P/E Ratio at Ashland (ASH)

Ashland P/E Ratio by Year

Ashland P/E Ratio 2024: 24.3×

Ashland P/E Ratio 2023: 23.5×

Ashland P/E Ratio 2022: 5.5×

Ashland P/E Ratio 2021: 23.0×

Ashland P/E Ratio 2019: 9.2×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Ashland (ASH) Key Financials