Based on the provided data and market context, DOW appears to be overvalued for several key reasons:
The stock's P/E ratio has been consistently high throughout 2024, ranging from 25.6x to 36.5x, significantly above historical averages.
Net income has shown a concerning downward trend, dropping from $513M in Q1 2024 to a loss of $56M in Q4 2024, indicating deteriorating profitability.
Gross margins have declined steadily from 11.1% to 8.26% throughout 2024, suggesting weakening operational efficiency.
The company faces significant headwinds from weak global demand, particularly in Asia and Europe, leading to reduced capital spending and job cuts.
Recent analyst actions have been predominantly negative, with multiple firms lowering their price targets, reflecting concerns about the company's near-term prospects.