Dow Inc. (DOW) Stock Analysis
Over the past 10 years, Dow (DOW) earnings per share (EPS) declined 14.5% a year, revenue grew 0.7% a year and free cash flow declined 13.7% a year, with an average return on invested capital (ROIC) of -0.8%. DOW stock trades at $29.82, a P/E of 38.7, above its historical average of 26.4. Analysts' average 12-month price target is $33.80 (+13.3%).
Dow Inc. is a global leader in materials science, delivering diverse solutions for key industries such as packaging, infrastructure development, mobility, and consumer products.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | — | 6.1% | 40.9% | B+ |
| EPS GrowthEPS | -14.5% | -65.0% | 8205.3% | B+ |
| Revenue GrowthRevenue | 0.7% | 0.7% | -1.2% | D |
| Cash Flow GrowthCash Flow | -13.7% | -26.0% | 125.1% | B+ |
| ROICROIC | -0.8% | 5.9% | 0.5% | C- |
Exhibit B Valuation Ledger
- Current EPS
- $0.77
- Historical Avg P/E
- 26.4
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | — | — | $34.43 | $35.77 | $18.24 | $16.75 | $24.25 | $28.55 | $26.24 | $24.61 | $22.50 | $34.42 | |
| Basic EPSEPS | $8.12 | $5.30 | $0.62 | $6.02 | -$2.31 | $1.64 | $8.44 | $6.32 | $0.82 | $1.57 | -$3.69 | $0.77 | |
| RevenueRevenue | $37,101,000,000 | $48,158,000,000 | $43,730,000,000 | $60,278,000,000 | $42,951,000,000 | $38,542,000,000 | $54,968,000,000 | $56,902,000,000 | $44,622,000,000 | $42,964,000,000 | $39,968,000,000 | $41,319,000,000 | |
| Free Cash FlowCash Flow | $3,904,000,000 | $-6,948,000,000 | $-7,923,000,000 | $2,117,000,000 | $3,960,000,000 | $4,839,000,000 | $5,508,000,000 | $5,417,000,000 | $2,719,000,000 | $-151,000,000 | $-1,447,000,000 | $436,000,000 | |
| ROIC (%)ROIC | 0.0% | 0.0% | -54.5% | 6.8% | 7.0% | 3.1% | 12.3% | 8.1% | 5.2% | 3.2% | 0.5% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
36 firms rate it — 10 buy, 22 hold, 4 sell · Most recent Oct 2026
DOW Stock FAQ
What is DOW's stock price target?
The average 12-month analyst price target for DOW is $33.80, with a range of $28.00 to $45.00. That is +13.3% from the current price of $29.82.
Do analysts rate DOW a buy?
Opinion is mixed. Of 36 firms covering Dow, the ratings are 10 buy or strong buy, 22 hold and 4 sell or strong sell.
How fast is Dow growing?
Annual growth rates for DOW. EPS: -14.5% over 10 years, -65.0% over 5 years, 8205.3% over 1 year. Revenue: 0.7% over 10 years, 0.7% over 5 years, -1.2% over 1 year. Free cash flow: -13.7% over 10 years, -26.0% over 5 years, 125.1% over 1 year. Book value per share: 6.1% over 5 years, 40.9% over 1 year.
What is DOW's ROIC?
Dow's return on invested capital (ROIC) was 0.5% in fiscal 2025. Its 10-year average ROIC is -0.8%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is DOW's P/E ratio?
DOW's current P/E ratio is 38.7, compared with a historical average of 26.4. Trailing earnings per share are $0.77.
What is Dow's market cap and stock price?
DOW last traded at $29.82 as of October 19, 2026. Its 52-week range is $20.93 to $42.74. Dow has a market cap of $21.54B.
Exhibit D Related Coverage
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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.