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U.S. Commodity Chemicals Industry Analysis

UpdatedSep 13, 2026
DataAggregated Company Financials
Companies38
  • 7D-1.9%
  • 3M-11.7%
  • 1Y-0.3%
  • YTDn/a

Over the last 7 days, the Commodity Chemicals industry has dropped 1.9%, driven by a pullback from Westlake of 5.3%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 41% annually.

Industry Valuation and Performance

Has the U.S. Commodity Chemicals Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Sep 2026US$66.6bUS$110.0b-US$3,769,536,156.0024.8x-17.7x0.6x
Tue, 11 Aug 2026US$67.9bUS$110.0b-US$3,781,943,346.0026.6x-18x0.6x
Thu, 09 Jul 2026US$64.2bUS$105.0b-US$5,783,437,726.0015.2x-11.1x0.6x
Sat, 06 Jun 2026US$75.8bUS$105.0b-US$6,024,344,726.0014.9x-12.6x0.7x
Mon, 04 May 2026US$86.4bUS$105.7b-US$6,197,136,737.0014.5x-13.9x0.8x
Wed, 01 Apr 2026US$88.5bUS$106.3b-US$5,968,484,792.0013.4x-14.8x0.8x
Fri, 27 Feb 2026US$69.5bUS$106.3b-US$5,779,518,792.0013x-12x0.7x
Sun, 25 Jan 2026US$64.2bUS$115.2b-US$4,011,647,766.0017.5x-16x0.6x
Tue, 23 Dec 2025US$54.4bUS$115.2b-US$4,009,928,968.0021.5x-13.6x0.5x
Thu, 20 Nov 2025US$51.0bUS$115.2b-US$3,980,359,747.0023x-12.8x0.4x
Sat, 18 Oct 2025US$56.7bUS$117.4b-US$1,304,913,762.0019.2x-43.4x0.5x
Mon, 15 Sep 2025US$65.0bUS$117.5b-US$1,350,767,977.0018x-48.1x0.6x
Wed, 13 Aug 2025US$56.7bUS$117.5b-US$1,389,257,504.0015.2x-40.8x0.5x
Fri, 11 Jul 2025US$70.9bUS$119.7bUS$1.5b22.4x48.5x0.6x
Sun, 08 Jun 2025US$63.8bUS$119.7bUS$1.5b19.4x43.7x0.5x
Tue, 06 May 2025US$66.2bUS$119.9bUS$1.8b14.6x36.2x0.6x
Thu, 03 Apr 2025US$76.0bUS$121.0bUS$3.4b14.6x22.7x0.6x
Sat, 01 Mar 2025US$83.1bUS$121.0bUS$3.4b16x24.6x0.7x
Mon, 27 Jan 2025US$88.9bUS$121.7bUS$3.7b15.5x23.8x0.7x
Wed, 25 Dec 2024US$87.7bUS$121.7bUS$3.7b13.5x23.6x0.7x
Fri, 22 Nov 2024US$97.4bUS$121.7bUS$3.7b15.7x26.2x0.8x
Sun, 20 Oct 2024US$109.6bUS$121.6bUS$4.0b14x27.1x0.9x
Tue, 17 Sep 2024US$106.1bUS$121.6bUS$4.1b13.9x25.7x0.9x
Thu, 15 Aug 2024US$108.6bUS$121.6bUS$4.1b15.5x26.2x0.9x
Sat, 13 Jul 2024US$109.4bUS$121.8bUS$3.7b14.9x29.8x0.9x
Mon, 10 Jun 2024US$114.0bUS$121.8bUS$3.7b15.2x31.1x0.9x
Wed, 08 May 2024US$118.7bUS$121.8bUS$3.7b15x31.7x1x
Fri, 05 Apr 2024US$121.2bUS$123.9bUS$3.6b13.5x34x1x
Sun, 03 Mar 2024US$111.9bUS$123.8bUS$3.5b12.9x32.3x0.9x
Tue, 30 Jan 2024US$109.5bUS$126.3bUS$4.3b11.9x25.6x0.9x
Thu, 28 Dec 2023US$112.8bUS$128.4bUS$5.2b11x21.6x0.9x
Sat, 25 Nov 2023US$104.8bUS$128.4bUS$5.2b9.8x20.1x0.8x
Mon, 23 Oct 2023US$99.3bUS$135.8bUS$6.2b9.1x16x0.7x
Wed, 20 Sep 2023US$107.0bUS$135.8bUS$6.2b10.3x17.2x0.8x
Price to Earnings Ratio

17.2x


Total Market Cap: US$107.0bTotal Earnings: US$6.2bTotal Revenue: US$135.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Commodity Chemicals Industry Price to Earnings3Y Average 15.7x202420252026
Current Industry PE
  • Investors are pessimistic on the American Commodity Chemicals industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading close to its 3-year average PS ratio of 0.72x.
Past Earnings Growth
  • Total earnings for the Commodity Chemicals industry have declined over the last three years, with the industry now making a loss overall.
  • Revenues have also declined 6.8% per year, which is driving profits down.

Industry Comparison

How does U.S. Commodity Chemicals compare with similar industries?

US Market-0.94%
Materials-3.00%
Chemicals-2.97%
Commodity Chemicals-1.90%
Diversified Chemicals0.25%
Industrial Gases-2.58%
Fertilizers and Agricultural Chemicals-3.39%
Specialty Chemicals-3.41%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
LYB LyondellBasell IndustriesUS$63.690.3%
+US$54.9m		15.3%PS0.7x
CNEY CN Energy GroupUS$0.541.9%
+US$56.2k		-76.9%PS0.09x

Latest News

LYB
US$63.69
LyondellBasell Industries
7D
0.3%
1Y
15.3%
Narrative Update • Sep 09

LYB: Higher Cash Generation And Q2 Margin Strength Are Expected To ReRate Shares

Analysts have adjusted their fair value estimate for LyondellBasell Industries to $84.86 from $89.66, reflecting updated views on revenue growth, margins, and future P/E assumptions following a series of revised price targets and fresh commentary on cash flow and sector pricing. Analyst Commentary Recent Street research on LyondellBasell Industries shows a wide range of views, but several bullish analysts highlight improving cash generation, supportive product pricing, and company specific actions as key positives for the stock.
DOW
US$29.03
Dow
7D
-1.4%
1Y
15.9%
Narrative Update • Sep 07

DOW: Cost Discipline And Margins Will Drive Future Upside Potential

For Dow, the updated analyst price target is $34.69, about $1 below the prior $35.69, as analysts factor in slightly softer revenue expectations, a higher discount rate and lower assumed future P/E multiples, partly offset by firmer profit margin assumptions. Analyst Commentary Recent research on Dow highlights a split view on the stock, with several firms adjusting price targets and ratings as they reassess earnings power, capital plans and the broader chemicals cycle.
MATV
US$11.94
Mativ Holdings
7D
-5.7%
1Y
-3.1%
Seeking Alpha • Sep 03

Mativ Holdings: Margin Expansion Is Rewriting The Investment Story

Summary Mativ Holdings is transitioning from a leveraged paper asset aggregation to a qualification-driven specialty materials platform with widening EBITDA margins. Q2 2026 saw organic sales up 1.7% but adjusted EBITDA up 12%, driven by pricing, SG&A reductions, and product mix optimization. MATV's valuation is discounted versus peers despite double-digit EBITDA growth, rapid deleveraging, and strong free cash flow generation. Execution on margin expansion, advanced films growth, and leverage reduction could catalyze a market re-rating from 'paper company' to specialty platform. Read the full article on Seeking Alpha
WLK
US$70.81
Westlake
7D
-5.3%
1Y
-19.7%
Narrative Update • Sep 03

WLK: Legal Relief And Completed Buyback Will Support Future Upside

Analysts have reduced their price target for Westlake from about $130 to roughly $112, citing updated assumptions that combine a higher discount rate with revised expectations for revenue growth, profit margins, and a lower future P/E multiple. What’s in the News for Westlake Westlake declared a regular second quarter 2026 dividend of $0.533 per share, payable on September 10, 2026, to stockholders of record on August 25, 2026.
TROX
US$4.42
Tronox Holdings
7D
-8.1%
1Y
-8.7%
Seeking Alpha • Sep 02

Tronox Holdings: You're Not Getting Your Money's Worth Here

Summary Tronox Holdings is rated Sell due to unsustainable leverage and deteriorating margins, despite vertical integration and revenue growth. TROX's interest expense now consumes 76% of core operating earnings, with leverage at 11.4x adjusted EBITDA and a CCC+ credit rating. Gross margins have declined from 10.8% to 6.3% YoY, and EBIT remains negative, reflecting structural market and operational challenges. Management's cost-saving targets and vertical integration have not offset weak pricing, high fixed costs, and persistent operating losses. Read the full article on Seeking Alpha
HWKN
US$124.07
Hawkins
7D
-3.9%
1Y
-28.4%
CBT
US$79.68
Cabot
7D
-2.2%
1Y
0.9%
KRO
US$8.14
Kronos Worldwide
7D
-3.4%
1Y
35.0%
CNEY
US$0.54
CN Energy Group
7D
1.9%
1Y
-76.9%
PCT
US$6.02
PureCycle Technologies
7D
-5.8%
1Y
-54.7%