Start with its own history
At 22.88×, ASH is 96.2% below its 7-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · ASHChemicals - SpecialtyUpdated Nov 2, 2026
Ashland Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
22.88×
96.2% belowthe 7-observation annual average
Share price75.26
÷Earnings per share3.29
Price and EPS in quote currency. Calculation details
Investors are paying 22.88 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 599.44×
3-year average24.76×2 positive annual observations
5-year average19.85×4 positive annual observations
10-year average599.44×7 positive annual observations
Peer median · TTM26.94×5 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2025 | N/M | N/M |
| Sep 30, 2024 | 25.21× | +3.7% |
| Sep 30, 2023 | 24.31× | +339.5% |
| Sep 30, 2022 | 5.53× | -77.3% |
| Sep 30, 2021 | 24.35× | N/M |
| Sep 30, 2020 | N/M | N/M |
| Sep 30, 2019 | 9.45× | -79.3% |
| Sep 30, 2018 | 45.77× | -98.9% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2017 | 4061.49× | N/M |
| Sep 30, 2016 | N/M | N/M |
| Sep 30, 2015 | 10.68× | -30.2% |
| Sep 30, 2014 | 15.29× | +199.9% |
| Sep 30, 2013 | 5.10× | -95.2% |
| Sep 30, 2012 | 106.55× | +2520.5% |
| Sep 30, 2011 | 4.07× | -71.9% |
| Sep 30, 2010 | 14.46× | -35.0% |
| Sep 30, 2009 | 22.25× | +312.1% |
| Sep 30, 2008 | 5.40× | -34.2% |
| Sep 30, 2007 | 8.20× | +50.6% |
| Sep 30, 2006 | 5.45× | +453.8% |
| Sep 30, 2005 | 0.98× | -77.1% |
| Sep 30, 2004 | 4.29× | -64.2% |
| Sep 30, 2003 | 12.00× | +91.8% |
| Sep 30, 2002 | 6.26× | +144.7% |
| Sep 30, 2001 | 2.56× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How ASH compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 ASH This stockAshland Inc. | 22.88× |
 CCThe Chemours Company | N/M |
 KWRQuaker Houghton | 26.94× |
 NGVTIngevity Corporation | 48.90× |
 MTXMinerals Technologies Inc. | N/M |
 IOSPInnospec Inc. | 20.59× |
 WDFCWD-40 Company | 36.72× |
 MEOHMethanex Corporation | 14.73× |
 SIDCompanhia Siderúrgica Nacional | N/M |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does ASH’s P/E tell you?
Compare like with like
The median of the 5 positive peer ratios above is 26.94×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take ASH into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("ASH", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 75.26 ÷ EPS 3.29 = 22.88×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
ASH P/E ratio: common questions
The essentials behind the numbers.
Ashland Inc.'s current P/E is 22.88× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.