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Friday 6 November 2026
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Ashland Inc.
ASH Basic Materials Specialty Chemicals
Ashland Inc.’s revenue for fiscal 2026 (year ended September 2026) was $1.9 billion, up 2.14% from fiscal 2025.
- Revenue
- +4.40%
- EPS
- +102.2%
- Free cash flow
- +400.0%
- Total debt
- −0.94%
Quarter to September 2026, against a year earlier
76.54
0.10
+0.13%
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| Sep '26 | Sep '25 | Sep '24 | Sep '23 | Sep '22 | Sep '21 | Sep '20 | Sep '19 | Sep '18 | Sep '17 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
59.58 | 0.00 | 25.96 | 24.38 | 5.86 | 24.89 | 0.00 | 9.40 | 47.04 | 0.00 |
Piotroski F-Score |
— | 5 | 5 | 5 | 8 | 7 | 5 | 6 | 7 | 6 |
Altman Z-Score |
— | 1.23 | 2.25 | 2.44 | 2.67 | 1.98 | 1.42 | 1.85 | 1.57 | 1.32 |
P/S ratio |
1.68 | 1.21 | 2.02 | 1.93 | 2.18 | 2.53 | 2.15 | 2.22 | 2.05 | 1.27 |
Altman Z″-Score (non-manufacturers) |
— | 2.35 | 3.79 | 4.47 | 4.69 | 3.10 | 2.34 | 3.16 | 2.41 | 2.46 |
P/FCF ratio |
10.31 | 42.38 | 13.11 | 31.30 | 39.87 | 14.61 | 43.70 | 2,388.55 | 60.29 | 376.28 |
Beneish M-Score |
(2.61) | (3.64) | (2.98) | (2.65) | (2.39) | (2.89) | (3.13) | (2.50) | (2.68) | (2.47) |
P/Operating CF |
34.71 | 55.10 | 53.27 | 32.25 | 29.18 | 35.18 | 58.46 | 101.64 | 35.85 | 94.07 |
P/B ratio |
1.64 | 1.16 | 1.49 | 1.36 | 1.62 | 1.94 | 1.42 | 1.34 | 1.56 | 1.22 |
Dividend Safety Score |
47 | 16 | — | — | — | — | — | — | — | — |
Price to Tangible BV |
4.41 | 3.47 | 5.79 | 4.98 | 5.53 | 23.98 | 6.01 | 20.77 | 0.00 | 0.00 |
EV/Sales |
2.16 | 1.88 | 2.52 | 2.35 | 2.45 | 3.37 | 2.84 | 2.89 | 2.91 | 1.96 |
EV/EBITDA |
11.95 | 19.56 | 20.97 | 12.20 | 10.10 | 16.04 | 0.00 | 16.52 | 19.48 | 12.46 |
EV/Operating CF |
10.43 | 25.54 | 11.53 | 17.48 | 30.40 | 15.25 | 25.22 | 44.37 | 31.29 | 36.74 |
EV/FCF |
13.25 | 65.82 | 16.39 | 38.06 | 44.78 | 19.42 | 57.83 | 3,106.05 | 85.68 | 581.10 |
Quick Ratio |
1.65 | 1.08 | 1.11 | 1.66 | 1.90 | 0.62 | 1.10 | 0.94 | 0.76 | 1.22 |
Current Ratio |
2.96 | 2.85 | 2.44 | 3.30 | 3.20 | 1.84 | 1.90 | 1.89 | 1.59 | 1.97 |
Net Debt/EBITDA |
2.99 | 6.68 | 4.13 | 2.17 | 1.11 | 3.97 | (6.63) | 3.82 | 5.78 | 5.33 |
Debt/Assets |
30.28% | 30.02% | 23.90% | 22.39% | 20.75% | 29.79% | 26.94% | 22.99% | 30.62% | 32.71% |
Debt/Equity |
0.74 | 0.73 | 0.47 | 0.43 | 0.40 | 0.72 | 0.61 | 0.47 | 0.74 | 0.83 |
Asset Turnover |
0.41 | 0.36 | 0.36 | 0.36 | 0.37 | 0.31 | 0.29 | 0.28 | 0.31 | 0.25 |
Operating CF/Net income |
96.25 | (0.16) | 2.73 | 1.65 | 0.21 | 2.12 | (0.45) | 0.28 | 2.11 | 174.00 |
Capex/Depreciation |
(0.42) | (0.09) | (0.49) | (0.64) | (0.25) | (0.40) | (0.51) | (0.48) | (0.54) | (0.44) |
Interest Coverage |
2.63 | (23.48) | 1.08 | 28.67 | 2.23 | 3.43 | (3.87) | 0.87 | 1.00 | 0.21 |
| 0.00% | (35.41%) | 5.67% | 5.64% | 31.04% | 7.60% | (15.38%) | 14.48% | 3.35% | 0.03% | |
| 0.09% | (16.48%) | 2.92% | 2.93% | 14.46% | 3.26% | (7.19%) | 6.51% | 1.35% | 0.01% | |
ROIC |
2.40% | (15.76%) | (0.41%) | 2.68% | 5.39% | 2.66% | (6.50%) | 1.07% | 1.13% | 0.54% |
Return on Tangible Assets |
0.20% | (42.61%) | 8.42% | 7.35% | 36.31% | 9.95% | (22.89%) | 22.41% | 5.00% | 0.03% |
Average Days of Receivables |
52.11 | 48.43 | 41.98 | 56.31 | 61.37 | 63.80 | 79.12 | 81.73 | 73.59 | 96.74 |
Research and Development Expense of Revenue |
2.95% | 2.96% | 2.60% | 2.33% | 2.30% | 2.37% | 2.78% | 2.70% | 2.82% | 3.16% |
Selling, General and Administrative Expense of Revenue |
20.24% | 18.86% | 19.12% | 16.66% | 16.44% | 16.96% | 19.84% | 19.83% | 23.14% | 26.42% |
Intangible Assets out of Total Assets |
0.26 | 0.28 | 0.38 | 0.38 | 0.37 | 0.38 | 0.34 | 0.46 | 0.42 | 0.44 |
Share Based Compensation of Revenue |
0.97% | 0.60% | 0.71% | 1.10% | 0.79% | 0.81% | 0.74% | 1.49% | 1.20% | 1.00% |
Graham Net Nets |
(0.43) | (0.68) | (0.37) | (0.32) | (0.23) | (0.40) | (0.53) | (0.47) | (0.59) | (0.80) |
Graham Number |
— | 0.00 | 66.42 | 65.57 | 146.13 | 60.78 | 0.00 | 103.09 | 46.66 | 0.00 |
Earnings Yield |
1.68% | (38.30%) | 3.85% | 4.10% | 17.07% | 4.02% | (11.84%) | 10.64% | 2.13% | 0.00% |
Free Cash Flow Yield |
9.70% | 2.36% | 7.63% | 3.20% | 2.51% | 6.84% | 2.29% | 0.04% | 1.66% | 0.27% |
Revenue per Share |
0.00 | 39.65 | 43.12 | 41.34 | 43.47 | 35.18 | 33.05 | 34.65 | 41.10 | 37.24 |
Operating CF per Share |
0.00 | 2.91 | 9.43 | 5.55 | 3.51 | 7.77 | 3.72 | 2.26 | 3.83 | 2.81 |
Capex per Share |
0.00 | (1.78) | (2.80) | (3.00) | (1.13) | (1.67) | (2.10) | (2.23) | (2.43) | (2.63) |
Free Cash Flow per Share |
0.00 | 1.13 | 6.63 | 2.55 | 2.38 | 6.10 | 1.62 | 0.03 | 1.40 | 0.18 |
Cash per Share |
0.00 | 4.67 | 6.12 | 7.87 | 11.75 | 3.50 | 7.44 | 3.74 | 4.67 | 9.13 |
Shareholders Equity per Share |
0.00 | 41.39 | 58.53 | 58.43 | 58.55 | 45.87 | 49.77 | 57.60 | 54.06 | 54.94 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
0.00 | 41.39 | 58.53 | 58.43 | 58.55 | 45.87 | 49.77 | 57.60 | 54.06 | 54.94 |
Free Cash Flow |
303.00 | 52.00 | 325.00 | 135.00 | 131.00 | 366.00 | 99.00 | 2.00 | 88.00 | 11.00 |
Working Capital |
884.00 | 782.00 | 705.00 | 1,050.00 | 1,215.00 | 783.00 | 734.00 | 676.00 | 636.00 | 935.00 |
Capital Expenditures |
(82.00) | (82.00) | (137.00) | (159.00) | (62.00) | (100.00) | (128.00) | (138.00) | (153.00) | (163.00) |
Net Current Asset Value |
(1,343.00) | (1,502.00) | (1,582.00) | (1,336.00) | (1,225.00) | (2,143.00) | (2,294.00) | (2,247.00) | (3,141.00) | (3,309.00) |
EV/EBIT |
38.24 | 0.00 | 0.00 | 29.87 | 17.62 | 37.02 | 0.00 | 72.23 | 73.92 | 45.99 |
Capex to Sales |
0.04 | 0.05 | 0.06 | 0.07 | 0.03 | 0.05 | 0.06 | 0.06 | 0.06 | 0.07 |
Price to Operating Income |
29.76 | 0.00 | 0.00 | 24.56 | 15.69 | 27.85 | 0.00 | 55.55 | 52.01 | 29.78 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.17 | 0.79 | 0.21 | 0.18 | 0.19 | 0.18 | 0.17 | 0.18 | 0.17 | 0.19 |
Cash ROIC |
8.19% | 1.48% | 7.20% | 2.79% | 2.54% | 7.42% | 1.85% | 0.04% | 1.41% | 0.16% |
Accounts Receivable Turnover |
7.33 | 7.52 | 7.27 | 5.92 | 6.20 | 5.24 | 4.39 | 4.28 | 4.57 | 4.05 |
Accounts Payable Turnover |
6.33 | 6.33 | 7.05 | 6.41 | 6.23 | 6.45 | 5.41 | 4.65 | 4.66 | 4.03 |
Inventory Turnover |
2.40 | 2.29 | 2.55 | 2.43 | 2.83 | 2.94 | 2.57 | 2.51 | 2.81 | 2.69 |
Average Days of Payables |
60.74 | 54.11 | 52.25 | 50.33 | 61.96 | 59.78 | 54.35 | 76.32 | 70.00 | 94.48 |
Days of Inventory on Hand |
139.41 | 162.60 | 133.06 | 150.03 | 147.08 | 119.81 | 130.34 | 145.56 | 126.04 | 146.46 |
Average Receivables |
254.00 | 242.50 | 290.50 | 370.00 | 385.50 | 403.00 | 459.00 | 501.50 | 567.00 | 570.50 |
Average Payables |
199.50 | 201.50 | 212.00 | 237.50 | 250.50 | 223.50 | 262.00 | 322.00 | 370.00 | 392.50 |
Average Inventory |
525.00 | 556.50 | 585.50 | 627.50 | 551.00 | 489.50 | 551.50 | 596.50 | 615.00 | 586.50 |
Average Assets |
4,569.00 | 5,128.00 | 5,792.00 | 6,076.00 | 6,412.50 | 6,744.50 | 7,064.00 | 7,755.00 | 8,438.50 | 9,309.00 |
Average Common Equity |
— | 2,386.00 | 2,982.50 | 3,158.50 | 2,986.00 | 2,894.00 | 3,303.50 | 3,488.50 | 3,406.00 | 3,285.50 |
Columns are period end dates · fundamentals updated 5 Nov 2026