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Canadian (TSX) Chemicals Industry Analysis

UpdatedJan 19, 2026
DataAggregated Company Financials
Companies25
  • 7D8.3%
  • 3M14.7%
  • 1Y26.5%
  • YTD7.8%

The Chemicals industry is up 8.3% in the last week, with Nutrien up 12%. In the last 12 months, the industry was up 26%. Earnings are forecast to grow by 6.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 19 Jan 2026CA$58.0bCA$45.8bCA$3.1b16.7x19x1.3x
Wed, 17 Dec 2025CA$52.6bCA$45.3bCA$3.0b14.9x17.4x1.2x
Fri, 14 Nov 2025CA$53.1bCA$46.2bCA$3.1b15.7x17.2x1.2x
Sun, 12 Oct 2025CA$52.0bCA$45.0bCA$2.5b11.7x20.9x1.2x
Tue, 09 Sep 2025CA$48.6bCA$44.5bCA$2.4b12x19.8x1.1x
Thu, 07 Aug 2025CA$49.3bCA$43.8bCA$1.1b10.3x43.3x1.1x
Sat, 05 Jul 2025CA$48.6bCA$43.6bCA$1.1b10.7x45x1.1x
Mon, 02 Jun 2025CA$46.9bCA$43.9bCA$1.1b9.7x42.7x1.1x
Wed, 30 Apr 2025CA$44.4bCA$44.6bCA$1.2b10.9x36x1x
Fri, 28 Mar 2025CA$42.5bCA$46.0bCA$1.3b11.8x33.6x0.9x
Sun, 23 Feb 2025CA$44.9bCA$45.7bCA$1.1b22.7x40.5x1x
Tue, 21 Jan 2025CA$45.5bCA$46.6bCA$1.2b23.8x38.8x1x
Thu, 19 Dec 2024CA$41.0bCA$47.0bCA$1.2b21.2x34.7x0.9x
Sat, 16 Nov 2024CA$40.3bCA$46.0bCA$1.1b23.3x35.5x0.9x
Mon, 14 Oct 2024CA$41.5bCA$45.2bCA$1.1b30.7x37x0.9x
Wed, 11 Sep 2024CA$38.3bCA$44.7bCA$1.1b28.3x34.9x0.9x
Fri, 09 Aug 2024CA$39.5bCA$45.2bCA$1.1b28.8x35.5x0.9x
Sun, 07 Jul 2024CA$41.9bCA$46.9bCA$1.2b23.5x34.7x0.9x
Tue, 04 Jun 2024CA$48.4bCA$46.9bCA$1.2b28.1x40.2x1x
Thu, 02 May 2024CA$43.9bCA$48.1bCA$2.0b20.6x21.8x0.9x
Sat, 30 Mar 2024CA$44.0bCA$47.6bCA$2.0b21.3x22.1x0.9x
Mon, 26 Feb 2024CA$43.1bCA$47.5bCA$2.1b17.2x20.1x0.9x
Wed, 24 Jan 2024CA$41.5bCA$50.1bCA$3.4b15.6x12.3x0.8x
Fri, 22 Dec 2023CA$44.3bCA$49.4bCA$3.3b14.1x13.3x0.9x
Sun, 19 Nov 2023CA$46.3bCA$51.0bCA$3.4b12.8x13.5x0.9x
Tue, 17 Oct 2023CA$48.9bCA$54.6bCA$5.4b8.2x9x0.9x
Thu, 14 Sep 2023CA$49.7bCA$54.3bCA$5.4b8.4x9.2x0.9x
Sat, 12 Aug 2023CA$52.3bCA$53.9bCA$5.3b12.7x9.8x1x
Mon, 10 Jul 2023CA$48.0bCA$57.4bCA$9.6b8.9x5x0.8x
Wed, 07 Jun 2023CA$46.2bCA$58.0bCA$9.7b10.1x4.8x0.8x
Fri, 05 May 2023CA$50.4bCA$60.7bCA$10.9b9.9x4.6x0.8x
Sun, 02 Apr 2023CA$58.3bCA$60.8bCA$10.9b8.3x5.3x1x
Tue, 28 Feb 2023CA$61.9bCA$61.2bCA$11.0b9.7x5.6x1x
Thu, 26 Jan 2023CA$63.7bCA$60.3bCA$11.0b6x5.8x1.1x
Price to Earnings Ratio

5.8x


Total Market Cap: CA$63.7bTotal 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 19.0x 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 1.3x.
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 8.7% 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 Market1.66%
Materials4.41%
Chemicals8.31%
Fertilizers and Agricultural Chemicals10.78%
Specialty Chemicals2.09%
Commodity Chemicals-1.51%
Industrial Gases-3.13%
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 44.9%, 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 45% 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$92.3812.2%
+CA$4.8b		23.6%PE17.7x
HG HydroGraph Clean PowerCA$3.793.3%
+CA$40.7m		1,547.8%PS23087.6x
NEO Neo Performance MaterialsCA$19.423.7%
+CA$28.7m		146.1%PS1.2x
AIM AimiaCA$3.018.7%
+CA$21.5m		15.8%PS0.5x
RZL RZOLV TechnologiesCA$0.8645.8%
+CA$16.7m		n/aPB19.9x

Latest News

MX
CA$64.35
Methanex
7D
-2.3%
1Y
-10.7%

MX: Mixed Research Views Suggest Balanced Outlook On 2025 Production Guidance

The analyst price target for Methanex has shifted lower to around $62 from about $76, as analysts rework their models around a higher assumed future P/E, slightly faster revenue growth, and more conservative margin expectations in light of recent mixed research, including a Raymond James downgrade and incremental target hikes from UBS, Scotiabank, and CIBC. Analyst Commentary Recent research on Methanex reflects a split view, with some analysts more constructive on the company’s ability to execute and create value, while others are increasingly cautious about risks to the story.
HG
CA$3.79
HydroGraph Clean Power
7D
3.3%
1Y
1,547.8%
RZL
CA$0.86
RZOLV Technologies
7D
45.8%
1Y
n/a
AUUA
CA$4.00
Aluula Composites
7D
-10.1%
1Y
400.0%
NANO
CA$1.11
Nano One Materials
7D
4.7%
1Y
18.1%
VNP
CA$20.44
5N Plus
7D
-1.4%
1Y
153.3%

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.
ECO
CA$4.42
EcoSynthetix
7D
2.6%
1Y
6.8%
NTR
CA$92.38
Nutrien
7D
12.2%
1Y
23.6%

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.
GRA
CA$2.49
NanoXplore
7D
-8.5%
1Y
1.6%

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$3.33
Millennial Potash
7D
4.7%
1Y
800.0%
BOS
CA$4.63
AirBoss of America
7D
-4.5%
1Y
12.7%
NEO
CA$19.42
Neo Performance Materials
7D
3.7%
1Y
146.1%
ATHR
CA$0.04
Aether Catalyst Solutions
7D
-33.3%
1Y
-27.3%
KRN
CA$0.23
Karnalyte Resources
7D
-16.7%
1Y
73.1%
HEVI
CA$0.15
Helium Evolution
7D
-6.1%
1Y
6.9%
AIM
CA$3.01
Aimia
7D
8.7%
1Y
15.8%