Question 1

What is Dow's P/E ratio?

Accepted Answer

Dow (DOW) P/E ratio is 60.5× as of July 24, 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 Dow?

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 Dow specifically, the relevant sector benchmark is the current sector median of 21.8×.

Question 5

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

Accepted Answer

Dow's P/E ratio of 60.5× is above its own 5-year average of 24.5× and above the sector median of 21.8×. That places the current reading at the 88th 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 Dow's historical P/E ratio range?

Accepted Answer

In the available daily series, Dow (DOW) P/E ratio has ranged from a low of 4.8× in 2022 to a high of 74.7× in 2025. The 5-year average is 24.5× and the 5-year median is 17.4×.

Question 7

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

Accepted Answer

Dow (DOW) P/E ratio at the end of 2024 was 25.3×. 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 Dow'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	$16.79B	−$2.62B	—	—	Dec 31, 2025
2024	$28.24B	$1.12B	25.3×	-40.2×	Dec 31, 2024
2023	$38.59B	$589.00M	65.5×	+57.7×	Dec 31, 2023
2022	$35.74B	$4.58B	7.8×	+1.2×	Dec 31, 2022
2021	$41.87B	$6.31B	6.6×	-27.0×	Dec 31, 2021
2020	$41.19B	$1.23B	33.6×	—	Dec 31, 2020
2019	$40.51B	−$1.37B	—	—	Dec 31, 2019
2018	$37.29B	$4.44B	8.4×	—	Dec 31, 2018


Solstice Advanced Materials (SOLS)	113.0×
Corteva (CTVA)	48.4×
Weyerhaeuser (WY)	44.4×
Ecolab (ECL)	35.6×
Linde (LIN)	32.3×
Vulcan Materials (VMC)	32.1×
Freeport-McMoRan (FCX)	31.1×
Air Products and Chemicals (APD)	30.7×
Sherwin-Williams (SHW)	30.3×
Southern Copper (SCCO)	28.4×
H.B. Fuller (FUL)	22.5×
Eastman Chemical (EMN)	21.8×
International Flavors & Fragrances (IFF)	21.8×
RPM International (RPM)	21.8×
Avient (AVNT)	21.1×
Agnico Eagle Mines (AEM)	19.0×
Steel Dynamics (STLD)	19.0×
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 Dow (DOW)

P/E Ratio daily chart for Dow (DOW)

Historical P/E Ratio for Dow (DOW) from 2018 to 2025

About P/E Ratio at Dow (DOW)

Dow P/E Ratio by Year

Dow P/E Ratio 2024: 25.3×

Dow P/E Ratio 2023: 65.5×

Dow P/E Ratio 2022: 7.8×

Dow P/E Ratio 2021: 6.6×

Dow P/E Ratio 2020: 33.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Dow (DOW) Key Financials

P/E Ratio daily chart for Dow (DOW)

Historical P/E Ratio for Dow (DOW) from 2018 to 2025

About P/E Ratio at Dow (DOW)

Dow P/E Ratio by Year

Dow P/E Ratio 2024: 25.3×

Dow P/E Ratio 2023: 65.5×

Dow P/E Ratio 2022: 7.8×

Dow P/E Ratio 2021: 6.6×

Dow P/E Ratio 2020: 33.6×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Dow's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Dow?

+Is Dow's P/E ratio high or low?

+What is Dow's historical P/E ratio range?

+What was Dow's P/E ratio in 2024?

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

Dow (DOW) Key Financials