Advertisement
New Zealand markets open in 1 hour 29 minutes
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NZD/USD

    0.5951
    +0.0014 (+0.24%)
     
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • OIL

    83.78
    +0.97 (+1.17%)
     
  • GOLD

    2,344.10
    +5.70 (+0.24%)
     

Is Ashland Overvalued Compared to Its Peers?

Is Ashland Overvalued Compared to Its Peers?

As of May 25, Ashland (ASH) was trading at a one-year-forward PE multiple of 21.1x. In comparison, its peer Celanese (CE) was trading at a one-year forward PE multiple of 11.9x. Forward PE is one of the valuation methods that factor in a company’s future earnings estimations.