Belgian (BEL20) Chemicals Industry Analysis

UpdatedApr 26, 2026

DataAggregated Company Financials

Companies9

7D-2.3%
3M-17.1%
1Y2.8%
YTD-12.9%

Over the last 7 days, the Chemicals industry has dropped 2.3%, driven by Umicore declining 5.6%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 38% annually.

Industry Valuation and Performance

Has the Belgian Chemicals Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 26 Apr 2026	€15.6b	€32.9b	€357.1m	43.4x	43.7x	0.5x
Tue, 24 Mar 2026	€13.9b	€32.8b	€411.7m	42.5x	33.8x	0.4x
Thu, 19 Feb 2026	€19.0b	€30.3b	€320.0m	26.9x	59.3x	0.6x
Sat, 17 Jan 2026	€18.3b	€30.3b	€320.0m	27x	57.1x	0.6x
Mon, 15 Dec 2025	€17.4b	€30.3b	€320.0m	24.4x	54.5x	0.6x
Wed, 12 Nov 2025	€17.8b	€30.3b	€320.0m	24.7x	55.6x	0.6x
Fri, 10 Oct 2025	€17.3b	€30.5b	€265.0m	25.9x	65.3x	0.6x
Sun, 07 Sep 2025	€17.4b	€30.5b	€266.6m	22.8x	65.3x	0.6x
Tue, 05 Aug 2025	€17.2b	€30.4b	€336.5m	25.1x	51x	0.6x
Thu, 03 Jul 2025	€17.4b	€29.4b	-€1,256,412,335.00	27.6x	-13.9x	0.6x
Sat, 31 May 2025	€15.9b	€29.4b	-€1,256,412,335.00	28x	-12.7x	0.5x
Mon, 28 Apr 2025	€15.3b	€29.5b	-€1,127,309,627.00	25.6x	-13.5x	0.5x
Wed, 26 Mar 2025	€16.3b	€29.5b	-€1,080,609,627.00	17.8x	-15.1x	0.6x
Fri, 21 Feb 2025	€17.2b	€29.6b	-€1,424,132,627.00	17.2x	-12.1x	0.6x
Sun, 19 Jan 2025	€17.1b	€30.4b	-€1,254,357,627.00	17.5x	-13.6x	0.6x
Tue, 17 Dec 2024	€17.0b	€30.4b	-€1,254,357,627.00	17.2x	-13.5x	0.6x
Thu, 14 Nov 2024	€9.5b	€23.6b	-€1,173,357,627.00	16.8x	-8.1x	0.4x
Sat, 12 Oct 2024	€10.4b	€23.8b	-€1,091,357,627.00	26.7x	-9.6x	0.4x
Mon, 09 Sep 2024	€16.9b	€30.5b	-€1,069,357,627.00	37.2x	-15.8x	0.6x
Wed, 07 Aug 2024	€17.2b	€30.8b	-€1,053,532,627.00	37.2x	-16.4x	0.6x
Fri, 05 Jul 2024	€20.3b	€33.7b	€736.7m	23.3x	27.5x	0.6x
Sun, 02 Jun 2024	€22.2b	€34.4b	€782.0m	19.6x	28.4x	0.6x
Tue, 30 Apr 2024	€21.8b	€34.7b	€1.0b	18.6x	21.1x	0.6x
Thu, 28 Mar 2024	€20.7b	€34.7b	€1.1b	12.6x	19.4x	0.6x
Sat, 24 Feb 2024	€20.3b	€43.5b	€2.7b	11.6x	7.4x	0.5x
Mon, 22 Jan 2024	€20.2b	€47.8b	€2.8b	10.8x	7.1x	0.4x
Wed, 20 Dec 2023	€24.4b	€40.4b	€2.1b	12.4x	11.8x	0.6x
Fri, 17 Nov 2023	€21.7b	€40.4b	€2.1b	11.5x	10.5x	0.5x
Sun, 15 Oct 2023	€20.7b	€41.8b	€2.3b	10.9x	9x	0.5x
Tue, 12 Sep 2023	€21.9b	€41.8b	€2.3b	11.7x	9.5x	0.5x
Thu, 10 Aug 2023	€23.1b	€41.5b	€2.4b	12.3x	9.6x	0.6x
Sat, 08 Jul 2023	€22.6b	€45.2b	€3.2b	10.8x	7.1x	0.5x
Mon, 05 Jun 2023	€23.0b	€45.2b	€3.2b	8.5x	7.2x	0.5x
Wed, 03 May 2023	€23.6b	€45.3b	€3.3b	8.5x	7.2x	0.5x

Price to Earnings Ratio

7.2x

Wed, 03 May 2023

Current Industry PE

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

The industry is trading at a PE ratio of 43.7x which is higher than its 3-year average PE of 14.0x.

The industry is trading close to its 3-year average PS ratio of 0.54x.

Past Earnings Growth

The earnings for companies in the Chemicals industry have declined 52% per year over the last three years,
Revenues have also declined 10% 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 industry?


BE Market	-4.04%
Materials	-2.18%
Chemicals	-2.27%
Fertilizers and Agricultural Chemicals	4.48%
Commodity Chemicals	2.72%
Industrial Gases	0%	0
Diversified Chemicals	-1.48%
Specialty Chemicals	-3.43%

Industry PE

Investors are most optimistic about the Specialty Chemicals industry even though it's trading below its 3-year average PE ratio of 43.7x.

Analysts are expecting annual earnings growth of 32.0%, which is higher than its past year's earnings decline of 39.6% per year.

Forecasted Growth

Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 53% over the next 5 years.
This is better than its past earnings decline of 87% per year.