Ashland Inc.
ASH Basic Materials Specialty Chemicals
Ashland Inc.’s revenue for fiscal 2025 (year ended September 2025) was $1.8 billion, down 13.7% from fiscal 2024. In the quarter to June 2026, revenue grew 7.34%, EPS grew 102.2%, free cash flow grew 5.26% and total debt was flat, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
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Ashland Inc. (ASH) EV/Sales
As of 16 October 2026, Ashland Inc. (ASH) trades at a EV/Sales of 2.3×. Over the past ten years it has ranged from 1.0× (January 2015) to 3.9× (November 2021); the current reading is higher than 46% of that period. That is above the Specialty Chemicals industry median of 1.8× and above the Basic Materials sector median of 1.7×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 1.9× | (25.56%) |
| FY2024 | 2.5× | 7.49% |
| FY2023 | 2.3× | (4.42%) |
| FY2022 | 2.5× | (27.12%) |
| FY2021 | 3.4× | 18.55% |
| FY2020 | 2.8× | (1.80%) |
| FY2019 | 2.9× | (0.70%) |
| FY2018 | 2.9× | 48.53% |
| FY2017 | 2.0× | 55.21% |
| FY2016 | 1.3× | 17.96% |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 2.2× | 8.29% |
| Mar 2026 | 2.0× | (5.19%) |
| Dec 2025 | 2.1× | 13.12% |
| Sep 2025 | 1.9× | (0.91%) |
| 42 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| CBT Cabot Corporation compare | 1.3× |
| FUL H. B. Fuller Company compare | 1.3× |
| AVNT Avient Corporation compare | 1.5× |
| KWR Quaker Houghton compare | 1.7× |
| ASH Ashland Inc. | 2.3× |
| HWKN Hawkins, Inc. compare | 2.7× |
| NGVT Ingevity Corporation compare | 2.9× |
| WDFC WD-40 Company compare | 4.1× |
| PRM Perimeter Solutions, SA compare | 7.2× |
| Specialty Chemicals industry median | 1.8× |
| Basic Materials sector median | 1.7× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((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)) ÷ Revenue (TTM)