P/E ratio for Ashland (ASH)

P/E ratio history for Ashland from 2001 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Dow DOW	21.8	35.39%	🇺🇸 USA
Huntsman Corporation HUN	38.6	139.58%	🇺🇸 USA
AutoZone AZO	22.8	41.94%	🇺🇸 USA
Walmart WMT	17.8	10.33%	🇺🇸 USA
Genuine Parts Company GPC	13.2	-18.11%	🇺🇸 USA
Monro MNRO	22.8	41.91%	🇺🇸 USA
Cummins CMI	17.9	11.28%	🇺🇸 USA
Goodyear GT	-6.89	-142.82%	🇺🇸 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.