Dow
Financial ratios & Valuation

Forward Multiples (2025 – 2026)

20252026
Price/Earnings ratio
5.835.05
Price/Sales ratio
0.370.35
Earnings per Share (EPS)
$4.05$4.68

Historical Multiples (2015 – 2023)

2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
N/A8.6479.538.27-23.6633.546.687.9265.7026.49-7.69
Price/Sales ratio
N/A0.770.840.610.941.060.760.630.860.641.00
Price/Book Value ratio
N/AN/A1.431.383.003.302.321.752.071.533.15
Price/Cash Flow ratio
N/A-12.63-7.509.556.856.606.014.867.447.488.20
Price/Free Cash Flow ratio
N/A-5.37-4.6628.4010.268.499.006.7014.2340.5519.33
Price/Earnings Growth ratio
N/AN/A-0.900.000.17-0.190.01-0.31-0.751.300.09
Dividend Yield
N/A6.59%8.74%9.97%5.13%5.03%4.91%5.52%5.09%6.99%7.55%
Profitability Indicator Ratios
Gross Profit Margin
20.06%21.78%16.87%20.85%14.65%13.48%19.60%15.05%11.33%10.73%14.06%
Operating Profit Margin
12.66%8.90%10.02%12.55%9.23%9.97%16.15%12.07%6.63%6.05%9.60%
Pretax Profit Margin
21.80%9.16%0.54%9.81%-2.90%5.37%14.81%10.70%1.47%2.38%3.45%
Net Profit Margin
16.40%8.96%1.06%7.46%-3.99%3.17%11.48%8.05%1.32%2.45%1.73%
Effective Tax Rate
19.66%0.20%643.03%21.71%-37.69%37.51%21.36%23.80%-0.60%-10.88%-24.28%
Return on Assets
N/AN/A0.58%5.81%-2.83%1.99%10.01%7.56%1.01%1.78%1.48%
Return On Equity
N/AN/A1.80%16.76%-12.68%9.85%34.74%22.11%3.16%5.76%2.04%
Return on Capital Employed
N/AN/A6.68%11.89%7.96%7.63%17.84%13.94%6.16%5.38%7.79%
Liquidity Ratios
Current Ratio
N/AN/AN/AN/A1.571.71N/AN/AN/A1.661.61
Quick Ratio
N/AN/A1.311.160.991.201.011.191.151.031.01
Cash ratio
N/AN/A0.430.190.220.450.220.340.290.260.20
Days of Sales Outstanding
N/AN/A100.5634.3050.1950.2248.5940.2654.2061.8442.25
Days of Inventory outstanding
N/AN/A84.1070.8561.8762.4060.8852.7656.0563.8362.85
Operating Cycle
N/AN/A184.67105.15112.07112.63109.4893.03110.26125.67108.61
Days of Payables Outstanding
N/AN/A53.8253.0638.7241.1846.0637.3041.7848.2343.47
Cash Conversion Cycle
N/AN/A130.8552.0973.3471.4463.4255.7268.4777.4462.72
Debt Ratios
Debt Ratio
N/AN/A0.260.250.280.270.220.240.250.270.28
Debt Equity Ratio
N/AN/A0.810.721.261.360.770.720.780.901.31
Long-term Debt to Capitalization
N/AN/A0.430.410.530.560.420.400.420.460.54
Total Debt to Capitalization
N/AN/A0.440.420.550.570.430.410.430.470.56
Interest Coverage Ratio
N/AN/AN/AN/A3.773.09N/AN/AN/A3.303.43
Cash Flow to Debt Ratio
N/AN/A-0.230.190.340.360.490.500.350.220.35
Company Equity Multiplier
N/AN/A3.092.884.464.943.462.923.113.244.70
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
N/A-0.06-0.110.060.130.160.120.130.110.080.14
Free Cash Flow / Operating Cash Flow Ratio
N/A2.341.600.330.660.770.660.720.520.180.72
Cash Flow Coverage Ratio
N/AN/A-0.230.190.340.360.490.500.350.220.35
Short Term Coverage Ratio
N/AN/A-3.986.124.116.039.927.3910.229.225.11
Dividend Payout Ratio
N/A57.01%695.69%82.48%-121.43%169.06%32.84%43.78%334.80%185.20%-19.47%