Dow Inc. (DOW) Financial Ratios
9 years of historical data (2017–2025) · Basic Materials · Chemicals
EV/EBITDA
↑
12.48
↑+53% vs avg
5yr avg: 8.16
30Y Low5.2·High10.7
P/FCF
↑
N/A
—
5yr avg: 10.04
30Y Low6.7·High14.3
P/B Ratio
↓
1.29
↓-25% vs avg
5yr avg: 1.71
30Y Low0.9·High3.2
ROE
↓
-14.8%
↑-231% vs avg
5yr avg: 11.4%
30Y Low-15%·High40%
Debt/EBITDA
↑
6.33
↑+90% vs avg
5yr avg: 3.33
30Y Low1.5·High6.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DOW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Dow Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $22.8B | $16.6B | $28.3B | $38.9B | $36.6B | $42.5B | $41.2B | $40.6B | — | — |
| Enterprise Value | $38.6B | $32.4B | $43.8B | $52.3B | $49.4B | $55.6B | $55.1B | $57.4B | — | — |
| P/E Ratio → | -8.60 | — | 25.56 | 66.88 | 8.02 | 6.77 | 33.84 | — | — | — |
| P/S Ratio | 0.57 | 0.42 | 0.66 | 0.87 | 0.64 | 0.77 | 1.07 | 0.95 | — | — |
| P/B Ratio | 1.29 | 0.95 | 1.59 | 2.03 | 1.72 | 2.27 | 3.17 | 2.88 | — | — |
| P/FCF | — | — | — | 14.30 | 6.75 | 9.07 | 8.51 | 10.26 | — | — |
| P/OCF | 22.13 | 16.12 | 9.71 | 7.48 | 4.89 | 6.06 | 6.62 | 6.85 | — | — |
P/E links to full P/E history page with 30-year chart
DOW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Dow Inc.'s enterprise value stands at 12.5x EBITDA, 53% above its 5-year average of 8.2x. The Basic Materials sector median is 11.0x, placing the stock at a 13% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.81 | 1.02 | 1.17 | 0.87 | 1.01 | 1.43 | 1.34 | — | — |
| EV / EBITDA | 12.48 | 10.48 | 8.82 | 10.21 | 6.10 | 5.19 | 10.68 | 9.16 | — | — |
| EV / EBIT | 148.52 | — | 18.55 | 37.60 | 7.33 | 6.30 | 18.70 | — | — | — |
| EV / FCF | — | — | — | 19.25 | 9.12 | 11.87 | 11.39 | 14.50 | — | — |
DOW Profitability
Margins and return-on-capital ratios measuring operating efficiency
Dow Inc. earns an operating margin of 0.7%, below the Basic Materials sector average of 10.3%. Operating margins have compressed from 5.6% to 0.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -14.8% indicates the company is currently destroying shareholder equity. ROIC of 0.6% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 6.0% | 6.0% | 10.4% | 11.1% | 13.8% | 18.9% | 12.5% | 13.9% | 13.5% | 25.8% |
| Operating Margin | 0.7% | 0.7% | 4.8% | 5.6% | 9.4% | 14.3% | 6.7% | 8.4% | 9.3% | 15.3% |
| Net Profit Margin | -6.6% | -6.6% | 2.6% | 1.3% | 8.1% | 11.5% | 3.2% | -3.2% | 7.5% | 1.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -14.8% | -14.8% | 6.0% | 2.9% | 22.9% | 39.8% | 9.0% | -6.5% | 16.4% | 1.7% |
| ROA | -4.5% | -4.5% | 1.9% | 1.0% | 7.4% | 10.1% | 2.0% | -2.0% | 5.7% | 0.6% |
| ROIC | 0.6% | 0.6% | 4.7% | 5.7% | 12.1% | 20.1% | 6.7% | 7.1% | 9.6% | 12.0% |
| ROCE | 0.5% | 0.5% | 4.3% | 5.2% | 10.8% | 15.8% | 5.1% | 6.3% | 8.6% | 10.2% |
DOW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Dow Inc. carries a Debt/EBITDA ratio of 6.3x, which is highly leveraged (160% above the sector average of 2.4x). Net debt stands at $15.8B ($19.6B total debt minus $3.8B cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.12 | 1.12 | 0.99 | 0.86 | 0.79 | 0.86 | 1.46 | 1.36 | 0.71 | 0.78 |
| Debt / EBITDA | 6.33 | 6.33 | 3.56 | 3.21 | 2.07 | 1.50 | 3.69 | 3.05 | 2.39 | 2.87 |
| Net Debt / Equity | — | 0.90 | 0.87 | 0.70 | 0.60 | 0.70 | 1.07 | 1.19 | 0.61 | 0.55 |
| Net Debt / EBITDA | 5.10 | 5.10 | 3.12 | 2.63 | 1.58 | 1.23 | 2.70 | 2.68 | 2.06 | 2.02 |
| Debt / FCF | — | — | — | 4.95 | 2.37 | 2.81 | 2.88 | 4.24 | 8.11 | — |
| Interest Coverage | -1.90 | -1.90 | 3.11 | 1.89 | 10.35 | 12.82 | 3.36 | -0.32 | 4.54 | 3.87 |
DOW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.97x means Dow Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.25x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.77x to 1.97x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.97 | 1.97 | 1.61 | 1.77 | 1.81 | 1.58 | 1.72 | 1.57 | 1.84 | 1.89 |
| Quick Ratio | 1.25 | 1.25 | 0.98 | 1.16 | 1.19 | 1.02 | 1.20 | 0.99 | 1.16 | 1.31 |
| Cash Ratio | 0.42 | 0.42 | 0.25 | 0.30 | 0.34 | 0.23 | 0.46 | 0.22 | 0.21 | 0.43 |
| Asset Turnover | — | 0.68 | 0.75 | 0.77 | 0.94 | 0.87 | 0.63 | 0.71 | 0.78 | 0.55 |
| Inventory Turnover | 5.70 | 5.70 | 5.88 | 6.53 | 7.02 | 6.05 | 5.92 | 5.95 | 4.48 | 5.28 |
| Days Sales Outstanding | — | 60.62 | 58.31 | 54.10 | 49.74 | 63.44 | 69.98 | 64.20 | 54.71 | 100.57 |
DOW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Dow Inc. returns 6.6% to shareholders annually primarily through dividends.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 6.6% | 9.0% | 6.9% | 5.1% | 5.5% | 4.9% | 5.0% | 5.1% | — | — |
| Payout Ratio | — | — | 176.2% | 334.8% | 43.8% | 32.8% | 169.1% | — | 82.5% | 695.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 3.9% | 1.5% | 12.5% | 14.8% | 3.0% | — | — | — |
| FCF Yield | — | — | — | 7.0% | 14.8% | 11.0% | 11.7% | 9.7% | — | — |
| Buyback Yield | 0.0% | 0.0% | 1.7% | 1.6% | 6.4% | 2.4% | 0.3% | 1.2% | — | — |
| Total Shareholder Yield | 6.6% | 9.0% | 8.7% | 6.7% | 11.8% | 7.2% | 5.3% | 6.4% | — | — |
| Shares Outstanding | — | $712M | $705M | $709M | $726M | $749M | $742M | $743M | $750M | $750M |
Peer Comparison
Compare DOW with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DOWYou | $23B | -8.6 | 12.5 | — | 6.0% | 0.7% | -14.8% | 0.6% | 6.3 |
 LYB | $19B | -25.6 | 30.0 | 50.4 | 9.0% | -1.1% | -6.5% | -1.1% | 15.0 |
 HUN | $2B | -7.6 | 17.8 | 18.1 | 13.2% | -0.7% | -9.0% | -0.6% | 11.0 |
 WLK | $10B | -6.8 | — | — | 2.6% | -14.1% | -14.8% | -9.0% | — |
 OLN | $3B | -59.5 | 9.0 | 10.1 | 7.4% | 1.7% | -2.1% | 1.7% | 5.3 |
 TROX | $1B | -2.5 | 16.2 | — | 9.3% | -0.7% | -29.0% | -0.3% | 12.8 |
 EMN | $8B | 17.7 | 8.9 | 19.6 | 21.1% | 10.6% | 8.0% | 6.7% | 3.5 |
 LIN | $237B | 35.1 | 20.4 | 46.6 | 43.3% | 26.3% | 17.4% | 11.3% | 2.1 |
 APD | $62B | -158.3 | 114.9 | — | 31.4% | -7.3% | -2.2% | -2.0% | 26.8 |
 DD | $20B | -25.6 | 14.6 | 18.1 | 30.3% | 12.6% | -4.1% | 2.8% | 2.1 |
 CE | $6B | -4.8 | 11.5 | 7.1 | 18.8% | 8.0% | -23.1% | 3.4% | 8.6 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into DOW consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
DOW — Frequently Asked Questions
Quick answers to the most common questions about buying DOW stock.
What is Dow Inc.'s P/E ratio?
Dow Inc.'s current P/E ratio is -8.6x. The historical average is 28.2x.
What is Dow Inc.'s EV/EBITDA?
Dow Inc.'s current EV/EBITDA is 12.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 8.7x.
What is Dow Inc.'s ROE?
Dow Inc.'s return on equity (ROE) is -14.8%. The historical average is 8.6%.
Is DOW stock overvalued?
Based on historical data, Dow Inc. is trading at a P/E of -8.6x. Compare with industry peers and growth rates for a complete picture.
What is Dow Inc.'s dividend yield?
Dow Inc.'s current dividend yield is 6.60%.
What are Dow Inc.'s profit margins?
Dow Inc. has 6.0% gross margin and 0.7% operating margin.
How much debt does Dow Inc. have?
Dow Inc.'s Debt/EBITDA ratio is 6.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.