P/E ratio for Ashland (ASH)
P/E ratio as of June 2024 (TTM): 22.4
According to Ashland's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.3608. At the end of 2022 the company had a P/E ratio of 6.57.
P/E ratio history for Ashland from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 6.57 | -78.05% |
| 2021 | 29.9 | -402.88% |
| 2020 | -9.89 | -224.83% |
| 2019 | 7.92 | -87.44% |
| 2018 | 63.1 | -104.42% |
| 2017 | < -1000 | 5029.71% |
| 2016 | -27.8 | -403.63% |
| 2015 | 9.16 | -66.55% |
| 2014 | 27.4 | 416.26% |
| 2013 | 5.31 | -88.47% |
| 2012 | 46.0 | 397.97% |
| 2011 | 9.25 | -33.46% |
| 2010 | 13.9 | 165.48% |
| 2009 | 5.23 | -59.28% |
| 2008 | 12.9 | 89.46% |
| 2007 | 6.78 | 11.86% |
| 2006 | 6.07 | 484.84% |
| 2005 | 1.04 | -73.29% |
| 2004 | 3.88 | -35.44% |
| 2003 | 6.01 | -101.02% |
| 2002 | -590 | -18418.67% |
| 2001 | 3.22 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Walmart WMT | 12.4 | -44.41% | 🇺🇸 USA |
 AutoZone AZO | 19.3 | -13.74% | 🇺🇸 USA |
 Cummins
CMI | 14.1 | -36.83% | 🇺🇸 USA |
 Dow DOW | 31.2 | 39.49% | 🇺🇸 USA |
 Genuine Parts Company
GPC | 15.8 | -29.31% | 🇺🇸 USA |
 Goodyear GT | -9.32 | -141.67% | 🇺🇸 USA |
 Monro MNRO | 21.4 | -4.27% | 🇺🇸 USA |
 Huntsman Corporation
HUN | 52.6 | 135.02% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.