Ashland
ASH
#3243
Rank
S$5.00 B
Marketcap
$106.18
Share price
1.82%
Change (1 day)
-0.07%
Change (1 year)

P/E ratio for Ashland (ASH)

P/E ratio as of November 2024 (TTM): 17.7

According to Ashland's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 17.7419. 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
20226.57-78.05%
202129.9-402.88%
2020-9.89-224.83%
20197.92-87.44%
201863.1-104.42%
2017< -10005029.71%
2016-27.8-403.63%
20159.16-66.55%
201427.4416.26%
20135.31-88.47%
201246.0397.97%
20119.25-33.46%
201013.9165.48%
20095.23-59.28%
200812.989.46%
20076.7811.86%
20066.07484.84%
20051.04-73.29%
20043.88-35.44%
20036.01-101.02%
2002-590-18418.67%
20013.22

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
24.7 39.26%๐Ÿ‡บ๐Ÿ‡ธ USA
42.0 136.61%๐Ÿ‡บ๐Ÿ‡ธ USA
21.6 21.53%๐Ÿ‡บ๐Ÿ‡ธ USA
17.3-2.35%๐Ÿ‡บ๐Ÿ‡ธ USA
14.0-20.96%๐Ÿ‡บ๐Ÿ‡ธ USA
24.5 38.17%๐Ÿ‡บ๐Ÿ‡ธ USA
18.9 6.29%๐Ÿ‡บ๐Ÿ‡ธ USA
-7.53-142.43%๐Ÿ‡บ๐Ÿ‡ธ 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.