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) P/E ratio
As of 16 October 2026, Ashland Inc. (ASH) trades at a P/E ratio of 62.4×. Over the past ten years it has ranged from 0.0× (June 2026) to 120× (August 2018); the current reading is higher than 93% of that period. That is above the Specialty Chemicals industry median of 25.4× and above the Basic Materials sector median of 19.5×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 0.0× | — |
| FY2024 | 26.0× | 6.49% |
| FY2023 | 24.4× | 316.12% |
| FY2022 | 5.9× | (76.47%) |
| FY2021 | 24.9× | — |
| FY2020 | 0.0× | — |
| FY2019 | 9.4× | (80.03%) |
| FY2018 | 47.0× | — |
| FY2017 | 0.0× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 57.8× | — |
| Mar 2026 | 0.0× | — |
| Dec 2025 | 0.0× | — |
| Sep 2025 | 0.0× | — |
| 42 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| PRM Perimeter Solutions, SA compare | n/m |
| FUL H. B. Fuller Company compare | 14.1× |
| CBT Cabot Corporation compare | 20.9× |
| AVNT Avient Corporation compare | 21.0× |
| KWR Quaker Houghton compare | 27.9× |
| WDFC WD-40 Company compare | 30.3× |
| HWKN Hawkins, Inc. compare | 33.8× |
| NGVT Ingevity Corporation compare | 45.3× |
| ASH Ashland Inc. | 62.4× |
| Specialty Chemicals industry median | 25.4× |
| Basic Materials sector median | 19.5× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)