Belgian (BEL20) Materials Sector Analysis

UpdatedMar 23, 2026

DataAggregated Company Financials

Companies15

7D-4.6%
3M-15.5%
1Y-3.5%
YTD-18.1%

Over the last 7 days, the Materials industry has dropped 5.7%, driven by declines from every company within the industry. Overall the industry is down 3.7% in 12 months. Earnings are forecast to grow by 34% annually.

Sector Valuation and Performance

Has the Belgian Materials Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 23 Mar 2026	€20.6b	€46.7b	€825.2m	19.5x	25x	0.4x
Wed, 18 Feb 2026	€26.2b	€43.8b	€788.5m	18.2x	33.2x	0.6x
Fri, 16 Jan 2026	€25.7b	€43.8b	€788.5m	17.8x	32.6x	0.6x
Sun, 14 Dec 2025	€24.2b	€43.8b	€788.5m	17.5x	30.7x	0.6x
Tue, 11 Nov 2025	€23.7b	€44.1b	€831.6m	16.2x	28.5x	0.5x
Thu, 09 Oct 2025	€23.3b	€44.3b	€776.6m	17.4x	30x	0.5x
Sat, 06 Sep 2025	€22.9b	€44.0b	€739.8m	18.3x	31x	0.5x
Mon, 04 Aug 2025	€22.4b	€43.6b	€852.4m	16x	26.3x	0.5x
Wed, 02 Jul 2025	€21.7b	€42.7b	-€675,530,335.00	16.7x	-32.1x	0.5x
Fri, 30 May 2025	€21.1b	€42.7b	-€675,530,333.00	14.4x	-31.3x	0.5x
Sun, 27 Apr 2025	€20.4b	€42.7b	-€573,781,627.00	14.4x	-35.6x	0.5x
Tue, 25 Mar 2025	€22.1b	€42.4b	-€602,393,627.00	16.2x	-36.6x	0.5x
Thu, 20 Feb 2025	€23.7b	€42.4b	-€872,750,627.00	15x	-27.1x	0.6x
Sat, 18 Jan 2025	€22.7b	€43.3b	-€702,975,627.00	14x	-32.3x	0.5x
Mon, 16 Dec 2024	€22.5b	€43.3b	-€706,865,317.00	14.7x	-31.8x	0.5x
Wed, 13 Nov 2024	€14.9b	€36.4b	-€631,052,317.00	16.4x	-23.6x	0.4x
Fri, 11 Oct 2024	€16.4b	€36.5b	-€549,052,317.00	17.3x	-29.8x	0.4x
Sun, 08 Sep 2024	€22.9b	€43.3b	-€564,514,317.00	16.8x	-40.6x	0.5x
Tue, 06 Aug 2024	€23.4b	€43.5b	-€590,702,317.00	17.1x	-39.6x	0.5x
Thu, 04 Jul 2024	€26.8b	€46.7b	€1.2b	18.4x	22.3x	0.6x
Sat, 01 Jun 2024	€28.9b	€47.4b	€1.2b	17.1x	23.2x	0.6x
Mon, 29 Apr 2024	€28.6b	€47.8b	€1.5b	18.3x	19.1x	0.6x
Wed, 27 Mar 2024	€27.8b	€47.8b	€1.5b	12.6x	18.1x	0.6x
Fri, 23 Feb 2024	€27.2b	€58.1b	€3.2b	11.6x	8.4x	0.5x
Sun, 21 Jan 2024	€27.1b	€62.4b	€3.3b	11.3x	8.2x	0.4x
Tue, 19 Dec 2023	€29.9b	€55.0b	€2.6b	12.1x	11.6x	0.5x
Thu, 16 Nov 2023	€27.5b	€55.1b	€2.5b	11.7x	10.9x	0.5x
Sat, 14 Oct 2023	€26.3b	€56.4b	€2.8b	11.2x	9.5x	0.5x
Mon, 11 Sep 2023	€27.9b	€56.7b	€2.9b	11.6x	9.7x	0.5x
Wed, 09 Aug 2023	€29.2b	€56.3b	€3.0b	11.8x	9.8x	0.5x
Fri, 07 Jul 2023	€28.0b	€60.2b	€3.8b	8.6x	7.3x	0.5x
Sun, 04 Jun 2023	€28.8b	€60.2b	€3.8b	7.6x	7.5x	0.5x
Tue, 02 May 2023	€29.9b	€60.2b	€4.0b	7.2x	7.6x	0.5x
Thu, 30 Mar 2023	€29.4b	€60.0b	€3.9b	7x	7.5x	0.5x

Price to Earnings Ratio

7.5x

Thu, 30 Mar 2023

Current Industry PE

Investors are optimistic on the Belgian Materials industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 25.0x which is higher than its 3-year average PE of 0.30x.

The industry is trading close to its 3-year average PS ratio of 0.52x.

Past Earnings Growth

The earnings for companies in the Materials industry have declined 41% per year over the last three years,
Revenues have also declined 8.1% per year.
This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Belgian Materials sector?


BE Market	-4.32%
Materials	-4.62%
Basic Materials	0%	0
Packaging	0%	0
Chemicals	-4.34%
Metals and Mining	-5.17%

Industry PE

Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 12.9x.

Analysts are expecting annual earnings growth of 34.0%, which is higher than its past year's earnings decline of 39.6% per year.

Investors are most pessimistic about the Metals and Mining industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.8x.

Forecasted Growth

Analysts are most optimistic on the Metals and Mining industry, expecting annual earnings growth of 36% over the next 5 years.
This is better than its past earnings decline of 11% per year.