DOW

NYSE

DOW INC.

Materials, Commodity Chemicals

$29.34

close 7 Aug 2026

+40.58%

52-week change

$21.15B

market cap

$20.40

$42.74

52-week range

Expected price

$8.01 – $9.79

Current price

$29.34

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)-7.34x

P/S (TTM)0.54x

P/B1.39x

EV/EBITDA (TTM)31.64x

FCF yield (TTM)-1.10%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average23.17x

P/E, sector median31.36x*

Price at 5-year median P/E—*

Indicated dividend yield4.77%

Forward — analyst consensus

Forward P/E (FY2026)11.52x*

Forward P/E (FY2027)15.91x

Forward PEG—*

Consensus EPS FY2026 (16 analysts)$2.55

EPS growth (FY2026→FY2027)-27.59%

Revenue growth (FY2026)9.40%

Street view

Price target (mean)$35.69*

Target upside21.63%

Ratings (buy / hold / sell)7 / 10 / 1

FY2026 EPS revisions, 30d (up / down)3 / 8

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 31 Mar 2026, filed 24 Apr 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$29.34

Cash & equivalents$4.11B

Total debt$18.05B

Shares outstanding720.74M

Result

DCF price per share-$26.63

Current price$29.34

Margin of safety-190.76%

PV of years 1–10-$1.99B

PV of terminal value-$3.26B

Equity value-$19.19B

Market-implied growth—

The base free cash flow is not positive; growing a negative flow is rarely a meaningful valuation.

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	-$243.60M	-$255.78M	-$268.57M	-$282.00M	-$296.10M	-$310.90M	-$326.45M	-$342.77M	-$359.91M	-$377.90M	-$7.04B
PV	-$225.56M	-$219.29M	-$213.20M	-$207.28M	-$201.52M	-$195.92M	-$190.48M	-$185.19M	-$180.04M	-$175.04M	-$3.26B

period to 31 Mar 2026, filed 24 Apr 2026, close 7 Aug 2026