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Canadian (TSX) Chemicals Industry Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies25
  • 7D10.7%
  • 3M15.6%
  • 1Y25.8%
  • YTD7.3%

Over the last 7 days, the Chemicals industry has risen 11%, driven by gains from Nutrien of 12%. This means that the industry has gained 26% over the past year. Looking forward, earnings are forecast to grow by 6.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026CA$54.3bCA$45.7bCA$3.0b16.9x17.8x1.2x
Sat, 13 Dec 2025CA$52.2bCA$45.4bCA$3.0b15.4x17.3x1.2x
Mon, 10 Nov 2025CA$50.6bCA$46.1bCA$3.1b13.5x16.3x1.1x
Wed, 08 Oct 2025CA$52.6bCA$44.9bCA$2.5b12x21.2x1.2x
Fri, 05 Sep 2025CA$48.3bCA$44.5bCA$2.5b11.4x19.7x1.1x
Sun, 03 Aug 2025CA$48.6bCA$44.0bCA$1.1b9.8x42.8x1.1x
Tue, 01 Jul 2025CA$47.2bCA$43.6bCA$1.1b10.4x43.7x1.1x
Thu, 29 May 2025CA$47.7bCA$44.3bCA$1.1b9.7x42.9x1.1x
Sat, 26 Apr 2025CA$43.2bCA$44.6bCA$1.2b10.7x34.9x1x
Mon, 24 Mar 2025CA$44.3bCA$46.1bCA$1.3b12.1x35x1x
Wed, 19 Feb 2025CA$44.1bCA$46.3bCA$1.2b23x37.1x1x
Fri, 17 Jan 2025CA$45.5bCA$46.9bCA$1.2b23.7x38.6x1x
Sun, 15 Dec 2024CA$42.0bCA$46.4bCA$1.2b21.4x36x0.9x
Tue, 12 Nov 2024CA$41.2bCA$45.6bCA$1.1b25.2x36.4x0.9x
Thu, 10 Oct 2024CA$40.8bCA$45.1bCA$1.1b30.7x37x0.9x
Sat, 07 Sep 2024CA$38.7bCA$44.6bCA$1.1b29x35.4x0.9x
Mon, 05 Aug 2024CA$40.6bCA$47.6bCA$1.2b22.7x33.6x0.9x
Wed, 03 Jul 2024CA$42.9bCA$47.0bCA$1.2b24.8x35.3x0.9x
Fri, 31 May 2024CA$47.6bCA$47.0bCA$1.2b28.1x39.4x1x
Sun, 28 Apr 2024CA$43.5bCA$47.8bCA$2.0b20.5x21.7x0.9x
Tue, 26 Mar 2024CA$42.8bCA$47.7bCA$2.0b20.6x21.3x0.9x
Thu, 22 Feb 2024CA$41.2bCA$50.1bCA$3.4b16.8x12.1x0.8x
Sat, 20 Jan 2024CA$40.7bCA$50.1bCA$3.4b15.2x12.1x0.8x
Mon, 18 Dec 2023CA$43.9bCA$49.8bCA$3.3b13.8x13.1x0.9x
Wed, 15 Nov 2023CA$44.3bCA$51.0bCA$3.4b12.9x12.9x0.9x
Fri, 13 Oct 2023CA$48.5bCA$54.9bCA$5.5b8x8.9x0.9x
Sun, 10 Sep 2023CA$50.0bCA$54.7bCA$5.5b8.4x9.2x0.9x
Tue, 08 Aug 2023CA$51.4bCA$53.7bCA$5.4b12.8x9.5x1x
Thu, 06 Jul 2023CA$47.1bCA$57.4bCA$9.6b9.2x4.9x0.8x
Sat, 03 Jun 2023CA$44.4bCA$58.1bCA$9.7b8.7x4.6x0.8x
Mon, 01 May 2023CA$54.9bCA$60.7bCA$10.9b8.1x5.1x0.9x
Wed, 29 Mar 2023CA$57.3bCA$61.1bCA$11.0b8.5x5.2x0.9x
Fri, 24 Feb 2023CA$61.6bCA$61.0bCA$11.0b9.3x5.6x1x
Sun, 22 Jan 2023CA$63.3bCA$60.3bCA$11.0b6.2x5.7x1x
Price to Earnings Ratio

5.7x


Total Market Cap: CA$63.3bTotal Earnings: CA$11.0bTotal Revenue: CA$60.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 23x202420252026
Current Industry PE
  • Investors are pessimistic on the Canadian Chemicals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 17.8x which is lower than its 3-year average PE of 23.0x.
  • The 3-year average PS ratio of 0.96x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 35% per year over the last three years,
  • Revenues have also declined 8.8% 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 Canadian Materials industry?

CA Market2.82%
Materials6.81%
Chemicals10.66%
Fertilizers and Agricultural Chemicals12.31%
Specialty Chemicals9.38%
Industrial Gases3.23%
Commodity Chemicals2.84%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 43.6%, which is lower than the prior year's growth of 175.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Specialty Chemicals industry, expecting annual earnings growth of 44% over the next 5 years.
  • However this is lower than its past earnings growth rate of 176% per year.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
NTR NutrienCA$91.9112.4%
+CA$4.9b		23.3%PE17.7x
MX MethanexCA$64.985.6%
+CA$267.6m		-9.7%PE16.9x
VNP 5N PlusCA$20.2211.1%
+CA$179.9m		169.6%PE29.5x
HG HydroGraph Clean PowerCA$3.5216.6%
+CA$169.5m		1,500.0%PS21490.4x
MLP Millennial PotashCA$3.4610.5%
+CA$36.3m		861.1%PB12.7x

Latest News

HG
CA$3.52
HydroGraph Clean Power
7D
16.6%
1Y
1,500.0%
CH
CA$0.15
Charbone Hydrogen
7D
-8.8%
1Y
121.4%
NANO
CA$1.05
Nano One Materials
7D
-4.5%
1Y
11.7%
VNP
CA$20.22
5N Plus
7D
11.1%
1Y
169.6%

VNP: Index Additions And Leadership Plan Are Expected To Support Further Upside

Analysts have lifted their price target on 5N Plus to C$24 from C$19, and our refreshed assumptions show a slightly lower fair value estimate alongside modest tweaks to the discount rate, revenue growth, profit margin and future P/E expectations that align with this updated view. Analyst Commentary Bullish Takeaways Bullish analysts see the higher C$24 price target as consistent with their view that the shares can support a richer valuation multiple than before, given current assumptions on earnings and P/E.
NPK
CA$1.75
Verde AgriTech
7D
50.9%
1Y
133.3%

What Verde AgriTech Limited's (TSE:NPK) 30% Share Price Gain Is Not Telling You

Jan 10
What Verde AgriTech Limited's (TSE:NPK) 30% Share Price Gain Is Not Telling You
NTR
CA$91.91
Nutrien
7D
12.4%
1Y
23.3%

NTR: Fertilizer Cycle Concerns Will Pressure Shares Despite Recent Buybacks

Narrative Update Analysts have nudged their consolidated price target for Nutrien down by about $2 to $64. This reflects updated views that factor in more cautious fertilizer and agriculture setups, modestly lower assumed revenue growth, a slightly higher profit margin profile, and a reduced future P/E multiple in their models.
CHE.UN
CA$14.87
Chemtrade Logistics Income Fund
7D
-2.2%
1Y
40.8%
MX
CA$64.98
Methanex
7D
5.6%
1Y
-9.7%
GRA
CA$2.63
NanoXplore
7D
-5.4%
1Y
6.5%

Revenues Tell The Story For NanoXplore Inc. (TSE:GRA) As Its Stock Soars 26%

Jan 08
Revenues Tell The Story For NanoXplore Inc. (TSE:GRA) As Its Stock Soars 26%
MLP
CA$3.46
Millennial Potash
7D
10.5%
1Y
861.1%
IFOS
CA$3.25
Itafos
7D
4.5%
1Y
69.3%
BOS
CA$4.56
AirBoss of America
7D
-6.6%
1Y
17.8%
NEO
CA$19.18
Neo Performance Materials
7D
3.5%
1Y
147.2%
ERTH
CA$0.13
Replenish Nutrients Holding
7D
-10.7%
1Y
212.5%

Replenish Nutrients Holding (CSE:ERTH) Is Making Moderate Use Of Debt

Dec 15
Replenish Nutrients Holding (CSE:ERTH) Is Making Moderate Use Of Debt
KRN
CA$0.23
Karnalyte Resources
7D
-4.2%
1Y
119.0%
BU
CA$1.69
Burcon NutraScience
7D
-2.3%
1Y
5.6%