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Dow Valuation Multiples
Discover revenue and EBITDA valuation multiples for Dow and similar public comparables like PPG, Eternal Ltd, Hengli Petrochemical, Albemarle and more.
Dow Overview
About Dow
Dow Chemical is a diversified global chemicals producer, formed in 2019 as a result of the DowDuPont merger and subsequent separations. The firm is a leading producer of several chemicals, including polyethylene, ethylene oxide, and silicone rubber. Its products have numerous applications in both consumer and industrial end markets.
Founded
2018
HQ
Employees
34.6K
Website
Sectors
Financials (LTM)
EV
$41B
Dow Financials
Dow reported last 12-month revenue of $41B and EBITDA of $4B.
In the same LTM period, Dow generated $4B in gross profit, $4B in EBITDA, and had net loss of ($243M).
Revenue (LTM)
Dow P&L
In the most recent fiscal year, Dow reported revenue of $40B and EBITDA of $3B.
Dow expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $41B | XXX | $40B | XXX | XXX | XXX |
| Gross Profit | $4B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 10% | XXX | 6% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| EBIT Margin | 2% | XXX | 1% | XXX | XXX | XXX |
| Net Profit | ($243M) | XXX | ($657M) | XXX | XXX | XXX |
| Net Margin | (1%) | XXX | (2%) | XXX | XXX | XXX |
| Net Debt | — | — | $13B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Dow Stock Performance
Dow has current market cap of $26B, and enterprise value of $41B.
Market Cap Evolution
Dow's stock price is $35.60.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $41B | $26B | 0.0% | XXX | XXX | XXX | $-0.91 |
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Start Free TrialDow Valuation Multiples
Dow trades at 1.0x EV/Revenue multiple, and 11.0x EV/EBITDA.
EV / Revenue (LTM)
Dow Financial Valuation Multiples
As of April 20, 2026, Dow has market cap of $26B and EV of $41B.
Equity research analysts estimate Dow's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Dow has a P/E ratio of (105.6x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $26B | XXX | $26B | XXX | XXX | XXX |
| EV (current) | $41B | XXX | $41B | XXX | XXX | XXX |
| EV/Revenue | 1.0x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 11.0x | XXX | 12.7x | XXX | XXX | XXX |
| EV/EBIT | 44.6x | XXX | 98.1x | XXX | XXX | XXX |
| EV/Gross Profit | 9.8x | XXX | 16.3x | XXX | XXX | XXX |
| P/E | (105.6x) | XXX | (39.0x) | XXX | XXX | XXX |
| EV/FCF | (60.9x) | XXX | (28.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Dow Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Dow Margins & Growth Rates
Dow's revenue in the last 12 month grew by 5%.
Dow's revenue per employee in the last FY averaged $1.2M, while opex per employee averaged $0.1M for the same period.
Dow's rule of 40 is 17% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Dow's rule of X is 26% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Dow Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 8% | XXX | XXX | XXX |
| EBITDA Growth | 35% | XXX | 51% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 17% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 26% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 2% | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 6% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Dow Public Comps
See public comps and valuation multiples for other Chemicals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Dow | XXX | XXX | XXX | XXX | XXX | XXX |
| PPG | XXX | XXX | XXX | XXX | XXX | XXX |
| Eternal Ltd | XXX | XXX | XXX | XXX | XXX | XXX |
| Hengli Petrochemical | XXX | XXX | XXX | XXX | XXX | XXX |
| Albemarle | XXX | XXX | XXX | XXX | XXX | XXX |
| Novonesis | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Dow M&A Activity
Dow acquired XXX companies to date.
Last acquisition by Dow was on XXXXXXXX, XXXXX. Dow acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Dow
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialDow Investment Activity
Dow invested in XXX companies to date.
Dow made its latest investment on XXXXXXXX, XXXXX. Dow invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Dow
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Dow
| When was Dow founded? | Dow was founded in 2018. |
| Where is Dow headquartered? | Dow is headquartered in United States. |
| How many employees does Dow have? | As of today, Dow has over 34K employees. |
| Who is the CEO of Dow? | Dow's CEO is James R. Fitterling. |
| Is Dow publicly listed? | Yes, Dow is a public company listed on NYSE. |
| What is the stock symbol of Dow? | Dow trades under DOW ticker. |
| When did Dow go public? | Dow went public in 2019. |
| Who are competitors of Dow? | Dow main competitors are PPG, Eternal Ltd, Hengli Petrochemical, Albemarle. |
| What is the current market cap of Dow? | Dow's current market cap is $26B. |
| What is the current revenue of Dow? | Dow's last 12 months revenue is $41B. |
| What is the current revenue growth of Dow? | Dow revenue growth (NTM/LTM) is 5%. |
| What is the current EV/Revenue multiple of Dow? | Current revenue multiple of Dow is 1.0x. |
| Is Dow profitable? | Yes, Dow is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Dow? | Dow's last 12 months EBITDA is $4B. |
| What is Dow's EBITDA margin? | Dow's last 12 months EBITDA margin is 9%. |
| What is the current EV/EBITDA multiple of Dow? | Current EBITDA multiple of Dow is 11.0x. |
| What is the current FCF of Dow? | Dow's last 12 months FCF is ($680M). |
| What is Dow's FCF margin? | Dow's last 12 months FCF margin is (2%). |
| What is the current EV/FCF multiple of Dow? | Current FCF multiple of Dow is (60.9x). |
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