Last 48 quarters of trend data · Basic Materials · Chemicals - Specialty
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Ashland Inc.'s quarterly P/E stands at 39.7x, up 74.2% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has expanded 156.0% YoY to 23.7x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -2.96 | 39.72 | — | 17.11 | — | 22.80 | — | 65.89 | 196.85 | 10.19 | 41.33 | — | 22.63 |
| — | +74.2% | — | -74.0% | — | +123.9% | — | — | +769.8% | -34.6% | +16.8% | — | -42.9% | |
| P/S Ratio | 1.37 | 1.33 | 1.75 | 1.15 | 1.25 | 1.45 | 2.08 | 2.04 | 2.21 | 2.16 | 2.27 | 2.01 | 2.11 |
| — | -8.8% | -15.7% | -43.5% | -43.6% | -32.6% | -8.4% | +1.3% | +5.0% | -7.8% | -19.3% | -2.5% | -4.1% | |
| P/B Ratio | 1.32 | 1.37 | 1.44 | 1.17 | 1.22 | 1.09 | 1.30 | 1.49 | 1.62 | 1.67 | 1.41 | 1.35 | 1.46 |
| — | +25.9% | +10.8% | -21.5% | -24.6% | -34.9% | -7.6% | +10.5% | +11.0% | -3.2% | -21.0% | -17.1% | -15.7% | |
| P/FCF | — | 19.38 | 6.10 | 6.41 | 5.12 | — | — | 36.74 | 13.85 | 62.07 | 7.12 | 19.29 | 11.87 |
| — | — | — | -82.6% | -63.0% | — | — | +90.5% | +16.6% | -64.8% | — | -57.2% | — | |
| EV / EBITDA | — | 23.67 | 19.11 | 7.84 | — | 9.25 | — | 16.16 | — | 14.45 | 22.58 | 25.03 | 11.62 |
| — | +156.0% | — | -51.5% | — | -36.0% | — | -35.4% | — | +24.1% | +27.3% | +202.4% | +24.5% | |
| EV / EBIT | — | — | 496.98 | 10.88 | — | 19.01 | — | 33.93 | — | 50.11 | 78.38 | — | 19.05 |
| — | — | — | -67.9% | — | -62.1% | — | — | — | +213.8% | +194.6% | — | -22.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Ashland Inc.'s operating margin was 8.1% in Q2 2026, up 9.6 pp QoQ and down 2.6 pp YoY. The trailing four-quarter average of -33.4% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.1% | 30.5% | 20.7% | 33.3% | 28.5% | 30.7% | 27.4% | 33.3% | 34.2% | 28.0% | 20.7% | 24.8% | 32.6% |
| — | -0.6% | -24.4% | -0.2% | -16.6% | +9.6% | +32.3% | +34.6% | +4.9% | -14.3% | -34.1% | -25.5% | -12.5% | |
| Operating Margin | -42.5% | 8.1% | -1.6% | 12.8% | -152.9% | 10.6% | -44.2% | 5.9% | -11.2% | 3.7% | -3.8% | -1.9% | 11.4% |
| — | -24.0% | +96.5% | +114.9% | -1263.7% | +191.5% | -1061.4% | +407.0% | -198.7% | -73.5% | -154.0% | -110.1% | -34.7% | |
| Net Margin | -46.3% | 3.3% | -3.1% | 6.7% | -160.3% | 6.5% | -40.7% | 3.1% | 1.1% | 20.9% | 5.5% | -0.8% | 9.2% |
| — | -48.7% | +92.4% | +118.4% | -14630.7% | -69.0% | -841.2% | +496.2% | -88.0% | +38.3% | -27.9% | -108.6% | +63.8% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -35.4% | 0.9% | -0.6% | 1.7% | -33.4% | 1.2% | -6.0% | 0.5% | 0.2% | 4.0% | 0.8% | -0.1% | 1.6% |
| — | -29.0% | +89.5% | +208.9% | -16600.1% | -69.8% | -814.8% | +528.1% | -87.0% | +44.2% | -30.9% | -107.3% | +43.9% | |
| ROA | -16.5% | 0.4% | -0.3% | 0.7% | -15.1% | 0.6% | -3.0% | 0.3% | 0.1% | 2.1% | 0.4% | -0.1% | 0.8% |
| — | -40.1% | +91.3% | +146.5% | -14525.2% | -71.3% | -788.8% | +520.5% | -87.3% | +41.3% | -31.3% | -107.4% | +50.0% | |
| ROIC | -15.9% | 1.0% | -0.1% | 1.4% | -15.1% | 1.0% | -3.4% | 0.6% | -1.1% | 0.4% | -0.3% | -0.2% | 1.1% |
| — | -4.6% | +95.8% | +150.1% | -1222.6% | +156.5% | -944.9% | +423.2% | -205.2% | -73.3% | -148.4% | -107.9% | -48.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Ashland Inc.'s Debt/EBITDA ratio is 37.9x, up from 30.2x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 31.8% YoY to 3.06x, strengthening the short-term liquidity position.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.83 | 0.79 | 0.84 | 0.79 | 0.79 | 0.58 | 0.55 | 0.51 | 0.49 | 0.49 | 0.48 | 0.47 | 0.46 |
| — | +36.3% | +53.2% | +53.6% | +61.3% | +19.2% | +13.5% | +8.7% | +5.3% | +9.4% | +11.8% | +9.6% | +6.5% | |
| Debt / EBITDA | — | 37.90 | 30.23 | 13.38 | — | 13.40 | — | 17.48 | — | 13.90 | 24.92 | 28.04 | 11.85 |
| — | +182.9% | — | -23.4% | — | -3.6% | — | -37.7% | — | +37.5% | +67.4% | +264.9% | +44.4% | |
| Current Ratio | 2.85 | 3.06 | 3.15 | 2.68 | 2.68 | 2.32 | 2.52 | 2.44 | 2.98 | 2.98 | 3.30 | 3.30 | 3.53 |
| — | +31.8% | +25.4% | +9.7% | -10.3% | -22.2% | -23.7% | -26.2% | -15.5% | -13.6% | -11.3% | +3.3% | +6.9% | |
| Quick Ratio | 1.51 | 1.78 | 1.61 | 1.33 | 1.33 | 1.15 | 1.27 | 1.33 | 1.84 | 1.84 | 1.88 | 1.93 | 1.88 |
| — | +54.6% | +26.4% | -0.0% | -27.9% | -37.4% | -32.2% | -31.3% | -2.4% | -3.7% | -12.9% | -6.3% | -14.2% | |
| Interest Coverage | -11.84 | 2.17 | 0.12 | 5.00 | -45.93 | 3.60 | -12.93 | 2.67 | -4.83 | 1.88 | 1.13 | -2.00 | 5.00 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Ashland Inc.'s current P/E is -3.0x. The average P/E over the last 2 quarters is 28.4x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Ashland Inc.'s current operating margin is -42.5%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Ashland Inc.'s business trajectory between earnings reports.