Ashland (ASH) Financial Ratios: P/E, ROE & More

Ashland (ASH) Financial Ratios

For fiscal 2025 (fiscal year ended Sep 30, 2025), Ashland had return on equity of -34.4% (down from 6.7%), debt-to-equity of 0.78 (up from 0.51), a current ratio of 2.85 (up from 2.44) and return on assets of 2.1% (up from 1.8%). A current ratio of 2.85 means current assets exceed current liabilities. Its dividend yield was 3.52%.

Ashland Financial Ratios Analysis

Valuation, profitability, leverage, and liquidity ratios

Income Statement Balance Sheet Cash Flow Ratios

Scroll to see more

Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Valuation Ratios
P/E Ratio	-	25.13	23.51	5.55	24.60
Forward P/E	11.06	16.40	16.03	16.41	17.18
P/S Ratio	1.20	2.01	1.91	2.15	2.56
P/B Ratio	1.15	1.48	1.35	1.60	1.97
Price/Tangible Book	3.47	5.82	4.96	5.48	25.06
Price/FCF	-	15.50	57.33	-	11.90
Price/OCF	23.30	10.33	17.22	-	9.66
PEG Ratio	10.41	1.29	2.23	1.14	1.40
Enterprise Value Ratios
EV/Revenue	1.90	2.50	2.42	2.48	3.30
EV/EBITDA	9.53	13.64	12.95	10.77	15.88
EV/EBIT	20.64	30.96	31.89	19.14	35.75
EV/FCF	-	19.32	72.53	-	15.32
Profitability & Returns
Return on Equity (ROE)	-34.45%	6.67%	5.32%	6.06%	5.98%
Return on Assets (ROA)	2.05%	1.85%	1.71%	3.02%	1.81%
Return on Invested Capital (ROIC)	4.66%	4.18%	4.10%	6.33%	4.23%
Return on Capital Employed (ROCE)	4.00%	3.30%	3.00%	5.50%	3.40%
Leverage & Solvency Ratios
Debt/Equity	0.78	0.51	0.47	0.43	0.76
Debt/EBITDA	3.68	3.42	3.25	2.34	4.42
Debt/FCF	-	5.36	19.97	-	4.62
Liquidity Ratios
Current Ratio	2.85	2.44	3.30	3.20	1.84
Quick Ratio	1.05	1.08	1.62	1.86	0.60
Efficiency Ratios
Asset Turnover	0.36	0.36	0.36	0.37	0.31
Inventory Turnover	2.18	2.44	2.43	2.83	2.94
Yield & Distribution Ratios
Earnings Yield	-38.59%	3.98%	4.25%	18.03%	4.07%
FCF Yield	-0.18%	6.45%	1.74%	-6.34%	8.41%
Dividend Yield	3.52%	1.92%	1.90%	1.46%	1.43%
Payout Ratio	-	46.15%	42.70%	7.55%	31.82%
Buyback Yield	8.00%	7.41%	3.57%	8.20%	1.64%
Total Return	11.52%	9.33%	5.47%	9.66%	3.07%

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Ashland Financial Ratios

What is Ashland's return on equity?

Ashland's return on equity (ROE) was -34.4% for fiscal 2025 (period ended Sep 30, 2025). It was 6.7% a year earlier.

What is Ashland's debt-to-equity ratio?

Ashland's debt-to-equity ratio was 0.78 for fiscal 2025 (period ended Sep 30, 2025). It was 0.51 a year earlier.

What is return on equity (ROE)?

Return on equity is net income divided by shareholders' equity. It measures how much profit a company generates from the capital its shareholders have invested. Full definition