# Eastman Chemical Company (EMN) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Basic Materials / Chemicals. Price $71.19, market value $8.1 billion.

## Valuation
- **P/E (trailing): 18.5×** (5-yr avg 12.9×, 3-yr avg 12.4×). Eastman Chemical Company trades at 18.5× trailing earnings, well above its own five-year average of 12.9×: investors are paying up relative to the company's past. The Basic Materials median in the September 2026 study was 19.0×. Forward P/E is 10.3×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 0.9×**. Each dollar of revenue is priced at 0.9×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 6.6%** (5-yr avg 6.0%). Free cash flow equals 6.6% of the market value, in line with its five-year average of 6.0%. Above 5% is generally attractive.
- **Earnings yield: 5.4%**. The inverse of the P/E: 5.4% of the price is earned each year.

## Profitability
- **Gross margin: 19.9%**. Eastman Chemical Company keeps 19.9% of revenue after the direct cost of what it sells, a thin margin typical of retail, distribution and commodity businesses.
- **Net margin: 5.4%**. 5.4% of each dollar of sales reaches the bottom line.
- **Return on equity: 8.0%**. 8.0% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 3.0%**. Each dollar of assets produces 3.0% of profit.

## Growth
- **Revenue growth (1 yr): -6.7%** (3-yr -6.1%/yr, 5-yr 0.7%/yr). Revenue fell 6.7% over the last year, against 0.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -46.5%** (3-yr -13.6%/yr, 5-yr 3.2%/yr). Earnings per share fell 46.5%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 5.2%/yr**. Free cash flow has compounded at 5.2% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.80**. Debt is 0.80 times equity, moderate leverage.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 4.72%** ($3.35 per share, trailing). Eastman Chemical Company yields 4.72%, an income-level yield.
- **Payout ratio: 80%** (71% of free cash flow). 80% of earnings goes out as dividends, leaving a thin cushion.
- **Consecutive years of increases: 18**. 18 straight years of increases, a record that survived at least one recession.
- **Dividend growth (5 yr): 4.5%/yr** (1-yr 2.1%). The dividend has grown 4.5% a year over five years.

## Price and momentum
- **Total return (1 yr): 8.9%** (YTD 14.1%, 3-mo 0.2%). The shares are up 8.9% over twelve months including dividends.
- **From 52-week high: -14.7%** (26.9% above the low). Trading 15% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 47**. An RSI of 47 is neutral.
- **Beta (1 yr): 0.97** (volatility 33%). Beta of 0.97 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=EMN · Page: https://foliofundamentals.com/stocks/emn

Not investment advice.