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DowHAM:2OY -2.61%60 EV-to-EBITDA is 33.46 as of Jul. 16, 2026, which is 246% above its 10-year median of 9.66. GuruFocus rates HAM:2OY with a GF Score™ of 60/100 and a GF Value™ of €35.15 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 1,317 Chemicals companies, Dow ranks worse than 77.75% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Dow's enterprise value is €33,976 Mil.
Dow's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €1,015 Mil. Therefore, Dow's EV-to-EBITDA for today is 33.46.
The historical rank and industry rank for Dow's EV-to-EBITDA or its related term are showing as below:
HAM:2OY'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.75 Med: 9.66 Max: 39.96
Current: 32.79
During the past 10 years, the highest EV-to-EBITDA of Dow was 39.96. The lowest was 3.75. And the median was 9.66.
HAM:2OY's EV-to-EBITDA is ranked worse than 77.75% of 1317
companies
in the Chemicals industry
Industry Median: 13.62
vs HAM:2OY: 32.79
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-07-16), Dow's stock price is €25.71.
Dow's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €-3.431. Therefore, Dow's PE Ratio (TTM) for today is At Loss.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Dow (HAM:2OY) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Dow's share price for today is €25.71.
Dow's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-3.431.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Dow's EV-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Chemicals subindustry, Dow's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Dow EV-to-EBITDA vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Dow's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Dow's EV-to-EBITDA falls into.
Dow's current Enterprise Value is €33,976 Mil.
Dow's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,015 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Dow (HAM:2OY) has a EV-to-EBITDA of 33.46 as of Jul. 16, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Dow. This is 246% above median its historical median of 9.66. Over the past decade, Dow's EV-to-EBITDA has ranged from 3.75 to 39.96. According to the industry distribution chart, Dow ranks #1024 out of 1317 companies in the Chemicals industry, placing it in the top 77.8%.
Is Dow's EV-to-EBITDA too high?
Dow's current EV-to-EBITDA of 33.46 is 246% above median its 10-year median of 9.66. Over the past 10 years, this metric has ranged from a low of 3.75 to a high of 39.96. The Chemicals industry median EV-to-EBITDA is 13.62. Dow's value of 33.46 is 145.7% above this industry median. Based on the distribution chart, Dow ranks #1024 out of 1317 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Dow has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dow's EV-to-EBITDA compare to CE and OLN?
According to the Chemicals industry distribution chart, Dow ranks #1024 out of 1317 companies for EV-to-EBITDA. This places Dow in the lower half of its industry. The industry median EV-to-EBITDA is 13.62. Dow's value of 33.46 is 145.7% above this benchmark. Historically, Dow's own EV-to-EBITDA has ranged from 3.75 to 39.96 over the past decade. While the company's 10-year median is 9.66 vs. the industry median of 13.62, Dow has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Chemicals company?
The median EV-to-EBITDA among Chemicals companies is 13.62, based on 1,317 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Dow's current EV-to-EBITDA of 33.46 is 145.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Dow. For the Chemicals industry, the median EV-to-EBITDA is 13.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dow's current EV-to-EBITDA is 33.46, which is 246% above median its own 10-year median of 9.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dow stock overvalued right now?
Based on GuruFocus' analysis, Dow (HAM:2OY) is currently considered Modestly Undervalued. The stock's GF Value™ is €35.15, compared to a current price of €25.71 — trading 26.9% below its estimated fair value. The current EV-to-EBITDA is 33.46, which is 246% above median its 10-year median of 9.66 and 145.7% above the Chemicals industry median of 13.62. Dow's overall GF Score™ is 60/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Dow (HAM:2OY), the current EV-to-EBITDA is 33.46 as of Jul. 16, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Dow (HAM:2OY) Overvalued in 2026?
Based on GuruFocus' analysis, Dow stock appears to be undervalued.
The current stock price of €25.71 is trading 26.9% below its estimated GF Value™ of €35.15.
GuruFocus considers Dow to be Modestly Undervalued.
Key valuation signals for HAM:2OY:
EV-to-EBITDA: 33.46 (246% above median its 10-year median of 9.66)
GF Value™: €35.15 vs. price of €25.71 (26.9% below fair value)
Industry Position: 145.7% above the Chemicals median (#1024 of 1317)
No single metric tells the full story. See the HAM:2OY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 consumer and industrial end markets.
60GF Score
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