Question 1

What is Ashland's P/S ratio?

Accepted Answer

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

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Ashland?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Ashland specifically, the relevant sector benchmark is the current sector median of 2.2×.

Question 5

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

Accepted Answer

Ashland's P/S ratio of 1.4× is below its own 5-year average of 2.2× and below the sector median of 2.2×. That places the current reading at the 18th 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/S ratio range?

Accepted Answer

In the available daily series, Ashland (ASH) P/S ratio has ranged from a low of 0.0× in 2008 to a high of 3.6× in 2021. The 5-year average is 2.2× and the 5-year median is 2.1×.

Question 7

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

Accepted Answer

Ashland (ASH) P/S 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 revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$1.82B	1.2×	-0.7×	Sep 30, 2025
2024	$4.09B	$2.11B	1.9×	+0.0×	Sep 30, 2024
2023	$4.17B	$2.19B	1.9×	-0.2×	Sep 30, 2023
2022	$5.13B	$2.39B	2.1×	-0.6×	Sep 30, 2022
2021	$5.08B	$1.84B	2.8×	+0.9×	Sep 30, 2021
2020	$4.33B	$2.33B	1.9×	+0.0×	Sep 30, 2020
2019	$4.62B	$2.49B	1.9×	+0.0×	Sep 30, 2019
2018	$5.22B	$2.88B	1.8×	+0.6×	Sep 30, 2018
2017	$4.05B	$3.26B	1.2×	+0.5×	Sep 30, 2017
2016	$3.52B	$4.45B	0.8×	+0.2×	Sep 30, 2016
2015	$3.30B	$5.39B	0.6×	+0.0×	Sep 30, 2015
2014	$3.57B	$6.12B	0.6×	+0.1×	Sep 30, 2014
2013	$3.48B	$6.95B	0.5×	+0.2×	Sep 30, 2013
2012	$2.78B	$8.21B	0.3×	+0.1×	Sep 30, 2012
2011	$1.69B	$6.50B	0.3×	-0.0×	Sep 30, 2011
2010	$1.89B	$6.61B	0.3×	+0.1×	Sep 30, 2010
2009	$1.65B	$8.11B	0.2×	+0.1×	Sep 30, 2009
2008	$945.54M	$8.38B	0.1×	-0.1×	Sep 30, 2008
2007	$1.87B	$7.80B	0.2×	-0.1×	Sep 30, 2007
2006	$2.01B	$5.19B	0.4×	+0.2×	Sep 30, 2006
2005	$1.94B	$9.86B	0.2×	+0.0×	Sep 30, 2005
2004	$1.63B	$8.82B	0.2×	+0.1×	Sep 30, 2004
2003	$894.67M	$7.92B	0.1×	+0.0×	Sep 30, 2003
2002	$726.41M	$7.74B	0.1×	—	Sep 30, 2002


Air Products and Chemicals (APD)	5.2×
Newmont (NEM)	4.8×
Ecolab (ECL)	4.6×
Vulcan Materials (VMC)	4.5×
Albemarle (ALB)	3.9×
Sherwin-Williams (SHW)	3.3×
Freeport-McMoRan (FCX)	3.2×
Corteva (CTVA)	3.1×
Solstice Advanced Materials (SOLS)	3.0×
CF Industries Holdings (CF)	2.7×
Weyerhaeuser (WY)	2.5×
DuPont de Nemours (DD)	1.9×
RPM International (RPM)	1.9×
International Flavors & Fragrances (IFF)	1.7×
PPG Industries (PPG)	1.5×
Steel Dynamics (STLD)	1.4×
CRH (CRH)	1.3×
Nucor (NUE)	1.2×
H.B. Fuller (FUL)	1.0×
Avient (AVNT)	1.0×
Eastman Chemical (EMN)	1.0×
LyondellBasell (LYB)	0.9×
Dow (DOW)	0.8×
Mosaic (MOS)	0.7×
Stepan (SCL)	0.5×

P/S Ratio for Ashland (ASH)

P/S Ratio daily chart for Ashland (ASH)

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

About P/S Ratio at Ashland (ASH)

Ashland P/S Ratio by Year

Ashland P/S Ratio 2025: 1.2×

Ashland P/S Ratio 2024: 1.9×

Ashland P/S Ratio 2023: 1.9×

Ashland P/S Ratio 2022: 2.1×

Ashland P/S Ratio 2021: 2.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Ashland (ASH) Key Financials

P/S Ratio daily chart for Ashland (ASH)

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

About P/S Ratio at Ashland (ASH)

Ashland P/S Ratio by Year

Ashland P/S Ratio 2025: 1.2×

Ashland P/S Ratio 2024: 1.9×

Ashland P/S Ratio 2023: 1.9×

Ashland P/S Ratio 2022: 2.1×

Ashland P/S Ratio 2021: 2.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Ashland's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

Ashland (ASH) Key Financials