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
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Ashland Inc. (ASH) EV/EBITDA
As of 5 November 2026, Ashland Inc. (ASH) trades at a EV/EBITDA of 13.1×. Over the past ten years it has ranged from 0.0× (March 2021) to 66.9× (January 2025); the current reading is higher than 49% of that period. That is in line with the Specialty Chemicals industry median of 12.9× and above the Basic Materials sector median of 9.2×.
EV/EBITDA, daily
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Annual newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2026 | 12.0× | (38.90%) |
| FY2025 | 19.6× | (6.73%) |
| FY2024 | 21.0× | 71.82% |
| FY2023 | 12.2× | 20.87% |
| FY2022 | 10.1× | (37.06%) |
| FY2021 | 16.0× | — |
| FY2020 | 0.0× | — |
| FY2019 | 16.5× | (15.20%) |
| FY2018 | 19.5× | 56.37% |
| FY2017 | 12.5× | 0.52% |
Quarterly newest first
| Period | EV/EBITDA | Change |
|---|---|---|
| Sep 2026 | 12.0× | 0.01% |
| Jun 2026 | 11.9× | 4.75% |
| Mar 2026 | 11.4× | 2.71% |
| Dec 2025 | 11.1× | (43.21%) |
| 43 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| CBT Cabot Corporation compare | 7.1× |
| FUL H. B. Fuller Company compare | 8.4× |
| AVNT Avient Corporation compare | 11.0× |
| KWR Quaker Houghton compare | 13.1× |
| ASH Ashland Inc. | 13.1× |
| HWKN Hawkins, Inc. compare | 18.5× |
| PRM Perimeter Solutions, SA compare | 25.2× |
| WDFC WD-40 Company compare | 25.7× |
| CLMT Calumet, Inc. compare | 47.9× |
| Specialty Chemicals industry median | 12.9× |
| Basic Materials sector median | 9.2× |
| Market median | 10.9× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on ASH
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Beneish M-score
- The full statement