P/E ratio for Ashland (ASH)
P/E ratio as of September 2023 (TTM): 18.2
According to Ashland's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.2469. At the end of 2021 the company had a P/E ratio of 30.0.
P/E ratio history for Ashland from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 30.0 | -403.73% |
| 2020 | -9.89 | -225.09% |
| 2019 | 7.90 | -87.46% |
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Walmart WMT | 31.1 | 70.61% | 🇺🇸 USA |
 AutoZone AZO | 20.5 | 12.59% | 🇺🇸 USA |
 Cummins
CMI | 12.8 | -30.11% | 🇺🇸 USA |
 Dow DOW | 20.7 | 13.38% | 🇺🇸 USA |
 Genuine Parts Company
GPC | 16.6 | -8.98% | 🇺🇸 USA |
 Goodyear GT | -9.55 | -152.34% | 🇺🇸 USA |
 Monro MNRO | 24.8 | 35.99% | 🇺🇸 USA |
 Huntsman Corporation
HUN | 24.2 | 32.87% | 🇺🇸 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.