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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

Dividend growth 10 yrs

76.54 0.10 +0.13%

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Market cap: $3.5B
P/E: 67.1×
Fwd P/E: 39.4×
Dividend yield: 2.18%
F-score: n/a
Altman Z: n/a
Beneish M: −2.61
Dividend safety: 47/100

Overview

Ashland Inc. (ASH) Price to free cash flow

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As of 5 November 2026, Ashland Inc. (ASH) trades at a price to free cash flow of 11.6×. Over the past ten years it has ranged from 0.0× (March 2020) to 2,444× (November 2019); the current reading is higher than 19% of that period. That is below the Specialty Chemicals industry median of 19.1× and below the Basic Materials sector median of 17.7×.

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<iframe src="https://stockrow.com/embed/ASH/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Ashland Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ASH/metrics/price-to-free-cash-flow">Ashland Inc. (ASH) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2026	10.3×	(75.67%)
FY2025	42.4×	223.22%
FY2024	13.1×	(58.10%)
FY2023	31.3×	(21.51%)
FY2022	39.9×	172.92%
FY2021	14.6×	(66.57%)
FY2020	43.7×	(98.17%)
FY2019	2,389×	3,861.98%
FY2018	60.3×	(83.98%)
FY2017	376×	1,568.91%

Period	Price to free cash flow	Change
Sep 2026	10.3×	(11.89%)
Jun 2026	11.7×	16.20%
Mar 2026	10.1×	(17.90%)
Dec 2025	12.3×	(71.06%)
43 more quarters	Free account

Against its own ten years

Low 0.0× High 2,444×

Ten-year median 24.3×

Current reading's percentile 19

Company	Price to free cash flow
ASH Ashland Inc.	11.6×
AVNT Avient Corporation compare	17.5×
CBT Cabot Corporation compare	17.6×
FUL H. B. Fuller Company compare	25.0×
WDFC WD-40 Company compare	31.0×
HWKN Hawkins, Inc. compare	33.6×
CLMT Calumet, Inc. compare	52.0×
KWR Quaker Houghton compare	66.5×
PRM Perimeter Solutions, SA compare	121×
Specialty Chemicals industry median	19.1×
Basic Materials sector median	17.7×
Market median	14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Ashland Inc. (ASH) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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