P/E ratio for Dow (DOW)
P/E ratio as of June 2024 (TTM): 31.2
According to Dow's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 31.1902. At the end of 2022 the company had a P/E ratio of 8.01.
P/E ratio history for Dow from 2019 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 8.01 | 19.21% |
| 2021 | 6.72 | -80.26% |
| 2020 | 34.0 | -215.09% |
| 2019 | -29.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Eastman Chemical
EMN | 20.5 | -34.30% | 🇺🇸 USA |
 PPG Industries
PPG | 21.5 | -31.12% | 🇺🇸 USA |
 Exxon Mobil XOM | 11.3 | -63.71% | 🇺🇸 USA |
 Dupont De Nemours DD | 8.44 | -72.93% | 🇺🇸 USA |
 FMC FMC | 15.5 | -50.23% | 🇺🇸 USA |
 Westlake Chemical
WLK | 16.9 | -45.66% | 🇺🇸 USA |
 Huntsman Corporation
HUN | 52.6 | 68.49% | 🇺🇸 USA |
 Ashland ASH | 22.4 | -28.31% | 🇺🇸 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.