Dow (DOW) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Dow

NYSE•Basic Materials•Chemicals

$29.49-0.59(-0.02%)After hours

Market Cap

$21.34B

P/E

85.3x

P/S

0.5x

P/B

1.3x

Dow Inc., through its subsidiaries, provides various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. The company operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings segments. The Packaging & Specialty Plastics segment provides ethylene, propylene, polyethylene, and aromatics products; and other ethylene derivatives, such as polyolefin elastomers, ethylene vinyl acetate, and ethylene propylene diene monomer rubber. The Industrial Intermediates & Infrastructure segment offers polyurethanes, including propylene oxide, propylene glycol, and polyether polyols; aromatic isocyanates and fully formulated polyurethane systems; and chlor-alkali and vinyl comprising chlorine and caustic soda, ethylene dichloride, and vinyl chloride monomer; and construction chemicals consisting of cellulose ethers, redispersible latex powders, and acrylic emulsions, as well as coatings, adhesives, sealants, elastomers, and composites. The Performance Materials & Coatings segment provides architectural paints and coatings, and industrial coatings; and acrylics-based building blocks, silicon metals, siloxanes, and intermediates. The company also engages in the property and casualty insurance, as well as reinsurance business. The company was founded in 1897 and is headquartered in Midland, Michigan.

How this company scores

AverageMetricSide Score: 53/100

Strongest: Cash & Earnings Quality (20/25); weakest: Balance Sheet & Red Flags (11/25).

Profitability11/25

Growth11/25

Balance Sheet & Red Flags11/25

Cash & Earnings Quality20/25

Strengths

Rising earningsCash-backed earningsProfit converts from growthImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 85.3x5y range 7.7x – 85.3x

Currently above its 16-quarter median.

P/S · 0.5x5y range 0.4x – 0.9x

Currently below its 20-quarter median.

P/B · 1.3x5y range 0.9x – 2.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Revenue Decline

Red Flag

Revenue declined in 6 of the last 7 quarters — persistent contraction signals a fundamental problem.

Price & Volume

Market Cap $21.34B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $41.32B
Q. Revenue: $12.09B
TTM EBITDA: $1.56B
TTM Op. Income: $-1.22B
Q. Op. Income: $746.00M
TTM Net Income: $250.00M
Q. Net Income: $721.00M
EPS: $0.99
Shares Out.: $723.50M

$41.32B in TTM revenue declined 1.2% YoY, reaching $12.09B last quarter. TTM EBITDA of $1.56B and TTM operating income of $-1.22B show growth is flowing through to the bottom line. TTM net income of $250.00M means revenue is converting into profit. Over the past year, TTM revenue is down 1% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 17.9%
EBITDA Margin: 11.7%
Op. Margin: 6.2%
Net Margin: 6.0%

Op. margin of 6.2% is up 14.1% YoY — cost efficiency is improving. Net margin at 6.0% and gross margin of 17.9% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 85.3x
P/S Ratio: 0.5x
P/B Ratio: 1.3x

At 85.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.5x and P/B of 1.3x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Across the last 4 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $61.59B
Cash: $3.97B
Long-Term Debt: $17.15B
Book Value: $15.86B
D/E Ratio: 1.1
Debt/EBITDA: 12.2

With $61.59B in assets and $17.15B in long-term debt, D/E is 1.1and book value is $15.86B — moderate leverage. Over the past year, debt/equity is up 15% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $1.33B
TTM Free Cash Flow: $1.60B
FCF Margin: 3.9%
FCF / Net Income: 6.4

TTM FCF of $1.60B on $1.33B in operating cash flow. The FCF / Net Income ratio of 6.4x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.