Dow Inc. (DOW) Financial Ratios
9 years of historical data (2017–2025) · Basic Materials · Chemicals
EV/EBITDA
↑
14.06
↑+72% 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
↓
1.56
-9% 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 | $27.7B | $16.6B | $28.3B | $38.9B | $36.6B | $42.5B | $41.2B | $40.6B | — | — |
| Enterprise Value | $43.5B | $32.4B | $43.8B | $52.3B | $49.4B | $55.6B | $55.1B | $57.4B | — | — |
| P/E Ratio → | -10.43 | — | 25.56 | 66.88 | 8.02 | 6.77 | 33.84 | — | — | — |
| P/S Ratio | 0.69 | 0.42 | 0.66 | 0.87 | 0.64 | 0.77 | 1.07 | 0.95 | — | — |
| P/B Ratio | 1.56 | 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 | 26.85 | 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 14.1x EBITDA, 72% above its 5-year average of 8.2x. The Basic Materials sector median is 11.4x, placing the stock at a 23% 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 | 14.06 | 10.48 | 8.82 | 10.21 | 6.10 | 5.19 | 10.68 | 9.16 | — | — |
| EV / EBIT | 167.26 | — | 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 9.8%. 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 (141% above the sector average of 2.6x). 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 5.4% 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 | 5.4% | 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 | 5.4% | 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 | $28B | -10.4 | 14.1 | — | 6.0% | 0.7% | -14.8% | 0.6% | 6.3 |
 LYB | $24B | -31.3 | 34.0 | 61.6 | 9.0% | -1.1% | -6.5% | -1.1% | 15.0 |
 HUN | $3B | -9.5 | 19.9 | 22.7 | 13.2% | -0.7% | -9.0% | -0.6% | 11.0 |
 WLK | $13B | -8.5 | — | — | 2.6% | -14.1% | -14.8% | -9.0% | — |
 OLN | $3B | -77.8 | 10.2 | 13.2 | 7.4% | 1.7% | -2.1% | 1.7% | 5.3 |
 TROX | $2B | -3.4 | 17.8 | — | 9.3% | -0.7% | -29.0% | -0.3% | 12.8 |
 EMN | $9B | 18.5 | 9.1 | 20.4 | 21.1% | 10.6% | 8.0% | 6.7% | 3.5 |
 LIN | $233B | 34.4 | 20.0 | 45.7 | 43.3% | 26.3% | 17.4% | 11.3% | 2.1 |
 APD | $67B | -169.6 | 121.4 | — | 31.4% | -7.3% | -2.2% | -2.0% | 26.8 |
 DD | $21B | -26.9 | 15.2 | 19.0 | 30.3% | 12.6% | -4.1% | 2.8% | 2.1 |
 CE | $7B | -5.8 | 12.3 | 8.7 | 18.8% | 8.0% | -23.1% | 3.4% | 8.6 |
| Basic Materials Median | — | 22.9 | 11.4 | 27.5 | 31.7% | 9.8% | 1.0% | 4.4% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 9 years · Updated daily
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Start ComparisonDOW — 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 -10.4x. The historical average is 28.2x.
What is Dow Inc.'s EV/EBITDA?
Dow Inc.'s current EV/EBITDA is 14.1x. 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 -10.4x. 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 5.44%.
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.