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Stock Comparison · Structural lead, mixed market

Dow vs UPM-Kymmene Oyj: Which Stock Looks Stronger in 2026?

UPM-Kymmene Oyj holds the cleaner structural position, with the lead spread across profitability and stability. Dow still has the edge on valuation, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels. Peer scores are normalised within each company's primary universe (DOW: S&P 500, UPM.HE: STOXX 600).

Updated 2026-07-05

This is not just a one-metric split: both profitability and stability materially support the lead. The overall score gap is 16 points in favour of UPM-Kymmene Oyj.

Trajectory Similarity
0.77
Similar
Peer-set rank: #12
within Dow Inc.'s functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

A solid similarity means the pair shares a clearly comparable long-term financial profile, even if individual dimensions still differ.

The clearest structural overlap shows up in recent revenue growth and margin trend.

Similarity drivers
recent revenue growthmargin trend
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
DOW
Dow Inc.
44
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
UPM.HE
UPM-Kymmene Oyj
60
Peer-Score
Signal qualityMedium
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: DOW vs UPM.HE Profitability 11 59 Stability 28 70 Valuation 86 54 Growth 48 62 DOW UPM.HE
Gap Ranking
#1 Profitability +48
#2 Stability +42
#3 Valuation +32
#4 Growth +14
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for DOW and UPM.HE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer DOWUPM.HE Relative valuation Structural strength

The setup stays mixed because structure and the price setup do not align cleanly in one direction.

Valuation position uses Forward P/E and peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where DOW and UPM.HE each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY DOW Lower · near norm 0th 50th 100th 1 pct gap UPM.HE Lower · below norm 0th 50th 100th 15th 16th
DOW (15th percentile) and UPM.HE (16th percentile) both sit in the lower portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
UPM-Kymmene Oyj sits in the stronger part of the group on profitability, while Dow Inc. is closer to mid-pack.
Stability
UPM-Kymmene Oyj ranks near the top of the group on stability; Dow Inc. sits in the weaker half.
Profitability — Dominant Gap
DOW
11
UPM.HE
59
Gap+48in favour of UPM.HE

The profitability lead is mainly driven by a 10-point operating margin advantage.

What keeps the gap from being one-sided

Valuation still leans toward Dow Inc., so the lead is real without reading as one-way.

What this means for the comparison

The lead is built on both profitability and stability — though valuation still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the DOW vs UPM.HE comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how DOW and UPM.HE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.