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Canadian (TSX) Chemicals Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies27
  • 7D-1.4%
  • 3M-5.5%
  • 1Y31.8%
  • YTD16.6%

Over the last 7 days, the Chemicals industry has dropped 1.4%, driven by a pullback from Nutrien of 0.8%. On the other hand Charbone is actually up 13%. In the past year, the industry has gained 32%. Looking forward, earnings are forecast to grow by 3.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026CA$62.7bCA$48.0bCA$3.5b10.1x17.9x1.3x
Wed, 06 May 2026CA$67.9bCA$45.6bCA$3.2b14.1x20.9x1.5x
Fri, 03 Apr 2026CA$66.8bCA$46.4bCA$3.5b14.4x18.8x1.4x
Sun, 01 Mar 2026CA$65.0bCA$45.4bCA$3.6b16x17.9x1.4x
Tue, 27 Jan 2026CA$60.3bCA$45.2bCA$3.0b17.3x20x1.3x
Thu, 25 Dec 2025CA$53.8bCA$45.1bCA$3.0b15x17.9x1.2x
Sat, 22 Nov 2025CA$48.6bCA$46.4bCA$3.1b14.1x15.6x1x
Mon, 20 Oct 2025CA$50.3bCA$45.1bCA$2.5b11.7x20.2x1.1x
Wed, 17 Sep 2025CA$48.9bCA$44.3bCA$2.4b12.1x20.1x1.1x
Fri, 15 Aug 2025CA$47.9bCA$44.4bCA$2.4b10.5x20x1.1x
Sun, 13 Jul 2025CA$49.3bCA$43.8bCA$1.1b10.5x45.4x1.1x
Tue, 10 Jun 2025CA$47.5bCA$43.8bCA$1.1b9.7x43.4x1.1x
Thu, 08 May 2025CA$45.0bCA$44.5bCA$1.3b9.3x34.2x1x
Sat, 05 Apr 2025CA$41.4bCA$45.8bCA$1.3b10.1x32.5x0.9x
Mon, 03 Mar 2025CA$45.4bCA$46.4bCA$1.1b22.8x40.1x1x
Wed, 29 Jan 2025CA$46.4bCA$46.9bCA$1.2b23.1x39.3x1x
Fri, 27 Dec 2024CA$40.0bCA$46.9bCA$1.2b22.1x33.9x0.9x
Sun, 24 Nov 2024CA$40.7bCA$45.7bCA$1.1b23.3x36.5x0.9x
Tue, 22 Oct 2024CA$40.4bCA$45.4bCA$1.1b29.6x35.9x0.9x
Thu, 19 Sep 2024CA$39.1bCA$44.8bCA$1.1b29.3x35.6x0.9x
Sat, 17 Aug 2024CA$39.5bCA$45.0bCA$1.1b29.3x36.2x0.9x
Mon, 15 Jul 2024CA$42.1bCA$46.9bCA$1.2b23.8x34.8x0.9x
Wed, 12 Jun 2024CA$46.3bCA$47.3bCA$1.2b23.8x37.9x1x
Fri, 10 May 2024CA$45.9bCA$47.0bCA$1.2b24.6x37.4x1x
Sun, 07 Apr 2024CA$46.4bCA$47.7bCA$2.0b21.4x23.2x1x
Tue, 05 Mar 2024CA$41.7bCA$47.8bCA$2.2b16.8x19.3x0.9x
Thu, 01 Feb 2024CA$41.5bCA$50.0bCA$3.4b14x12.3x0.8x
Sat, 30 Dec 2023CA$44.7bCA$49.3bCA$3.3b16.1x13.5x0.9x
Mon, 27 Nov 2023CA$45.0bCA$50.7bCA$3.4b12.3x13.2x0.9x
Wed, 25 Oct 2023CA$45.5bCA$54.9bCA$5.5b7.6x8.3x0.8x
Fri, 22 Sep 2023CA$49.1bCA$54.1bCA$5.4b8.3x9.1x0.9x
Sun, 20 Aug 2023CA$48.9bCA$54.3bCA$5.4b10.3x9x0.9x
Tue, 18 Jul 2023CA$47.5bCA$57.1bCA$9.5b9.4x5x0.8x
Thu, 15 Jun 2023CA$46.5bCA$57.7bCA$9.6b8.7x4.8x0.8x
Price to Earnings Ratio

4.8x


Total Market Cap: CA$46.5bTotal Earnings: CA$9.6bTotal Revenue: CA$57.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Chemicals Industry Price to Earnings3Y Average 24.8x202420252026
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 17.9x which is lower than its 3-year average PE of 24.8x.
  • The 3-year average PS ratio of 1.0x 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 29% per year over the last three years,
  • Revenues have also declined 5.9% 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 Market-0.95%
Materials-9.97%
Chemicals-1.45%
Industrial Gases1.52%
Fertilizers and Agricultural Chemicals-1.02%
Commodity Chemicals-2.34%
Specialty Chemicals-2.91%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 26.4x.
    • Analysts are expecting annual earnings growth of 42.5%, which is higher than its past year's earnings decline of 13.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings decline by 7.0% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
CH CharboneCA$0.1412.5%
+CA$4.3m		80.0%PS79.3x
ARGO Argo Graphene SolutionsCA$0.8513.3%
+CA$3.5m		7.6%PB288.2x
ERTH Replenish Nutrients HoldingCA$0.1511.1%
+CA$3.0m		87.5%PS4.4x
BU Burcon NutraScienceCA$1.982.1%
+CA$507.7k		-5.7%PS17x

Latest News

MLP
CA$1.97
Millennial Potash
7D
-11.7%
1Y
51.5%
NTR
CA$93.63
Nutrien
7D
-0.8%
1Y
14.4%
Narrative Update • Jun 05

NTR: Tighter Fertilizer Markets Will Support Higher Future Earnings Multiple

The updated fair value estimate for Nutrien has moved to CA$109.12 from CA$105.25 as analysts factor in recent mixed price target revisions and a higher assumed future P/E multiple, even as revenue growth and profit margin assumptions are reset lower. Analyst Commentary Recent research on Nutrien reflects a mix of optimism and caution, with several firms adjusting ratings and targets in both directions.
CHE.UN
CA$16.51
Chemtrade Logistics Income Fund
7D
-2.9%
1Y
49.0%
Narrative Update • Jun 05

CHE.UN: Capital Structure Cleanup And Buybacks Will Shape Future Income Potential

Analysts have modestly raised their average price target on Chemtrade Logistics Income Fund to around CA$19 to CA$20, citing updated assumptions for slightly higher revenue growth, a somewhat lower discount rate, and a higher future P/E multiple, even as forecast profit margins are trimmed. Analyst Commentary Recent research on Chemtrade Logistics Income Fund reflects a mix of optimism and caution, with several analysts revisiting their models and ratings in light of updated assumptions and valuation frameworks.
ARGO
CA$0.85
Argo Graphene Solutions
7D
13.3%
1Y
7.6%
HG
CA$6.63
HydroGraph Clean Power
7D
-1.0%
1Y
2,846.7%
VNP
CA$40.85
5N Plus
7D
-4.4%
1Y
356.4%
Narrative Update • Jun 03

VNP: Leadership Succession And Higher Future P E Multiple Will Shape Outlook

The analyst price target for 5N Plus has shifted from CA$36.10 to CA$47.41, with analysts citing updated fair value estimates and revised assumptions around discount rate, revenue growth, profit margins, and future P/E as the main drivers of the change. What's in the News 5N Plus Inc.
CH
CA$0.14
Charbone
7D
12.5%
1Y
80.0%
ERTH
CA$0.15
Replenish Nutrients Holding
7D
11.1%
1Y
87.5%
GRA
CA$1.82
NanoXplore
7D
-9.5%
1Y
-18.8%
IFOS
CA$2.44
Itafos
7D
-10.0%
1Y
-0.4%
Analysis Article • May 06

Itafos' (CVE:IFOS) Anemic Earnings Might Be Worse Than You Think

Last week's earnings announcement from Itafos Inc. ( CVE:IFOS ) was disappointing to investors, with a sluggish profit...
MX
CA$80.34
Methanex
7D
-1.5%
1Y
76.9%
BU
CA$1.98
Burcon NutraScience
7D
2.1%
1Y
-5.7%