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U.S. Industrial Gases Industry Analysis
UpdatedAug 15, 2025
DataAggregated Company Financials
Companies4
- 7D1.6%
- 3M4.4%
- 1Y5.2%
- YTDn/a
In the last week, the Industrial Gases industry is up 1.1%, with all of the companies up. In the last 12 months, the industry was up 5.6%. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the U.S. Industrial Gases Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 15 Aug 2025 | US$288.5b | US$45.3b | US$8.3b | 37.4x | 34.8x | 6.4x |
| Sun, 13 Jul 2025 | US$285.7b | US$45.0b | US$8.2b | 37.7x | 35x | 6.3x |
| Tue, 10 Jun 2025 | US$284.8b | US$45.0b | US$8.2b | 36.9x | 34.9x | 6.3x |
| Thu, 08 May 2025 | US$270.0b | US$45.0b | US$8.2b | 35x | 33.1x | 6x |
| Sat, 05 Apr 2025 | US$284.0b | US$45.0b | US$10.4b | 23.4x | 27.3x | 6.3x |
| Mon, 03 Mar 2025 | US$291.2b | US$45.0b | US$10.4b | 26x | 28x | 6.5x |
| Wed, 29 Jan 2025 | US$280.0b | US$45.1b | US$10.2b | 25.7x | 27.4x | 6.2x |
| Fri, 27 Dec 2024 | US$268.6b | US$45.1b | US$10.2b | 24.4x | 26.3x | 6x |
| Sun, 24 Nov 2024 | US$290.3b | US$45.1b | US$10.2b | 26.6x | 28.4x | 6.4x |
| Tue, 22 Oct 2024 | US$306.1b | US$44.9b | US$9.0b | 32.4x | 34.2x | 6.8x |
| Thu, 19 Sep 2024 | US$289.9b | US$44.9b | US$9.0b | 29.9x | 32.4x | 6.5x |
| Sat, 17 Aug 2024 | US$278.7b | US$44.9b | US$9.0b | 29x | 31.1x | 6.2x |
| Mon, 15 Jul 2024 | US$269.9b | US$44.9b | US$8.8b | 28.6x | 30.8x | 6x |
| Wed, 12 Jun 2024 | US$270.4b | US$44.9b | US$8.8b | 29.3x | 30.8x | 6x |
| Fri, 10 May 2024 | US$260.4b | US$44.9b | US$8.8b | 27.7x | 29.7x | 5.8x |
| Sun, 07 Apr 2024 | US$276.9b | US$45.3b | US$8.5b | 29.4x | 32.5x | 6.1x |
| Tue, 05 Mar 2024 | US$272.4b | US$45.3b | US$8.5b | 29.1x | 31.9x | 6x |
| Thu, 01 Feb 2024 | US$255.4b | US$45.1b | US$8.3b | 28.8x | 30.9x | 5.7x |
| Sat, 30 Dec 2023 | US$259.7b | US$45.1b | US$8.3b | 29.9x | 31.4x | 5.8x |
| Mon, 27 Nov 2023 | US$261.8b | US$45.1b | US$8.3b | 30.1x | 31.6x | 5.8x |
| Wed, 25 Oct 2023 | US$239.3b | US$46.1b | US$7.9b | 29.7x | 30.4x | 5.2x |
| Fri, 22 Sep 2023 | US$245.5b | US$46.1b | US$7.9b | 30.6x | 31.2x | 5.3x |
| Sun, 20 Aug 2023 | US$246.3b | US$46.1b | US$7.9b | 30.6x | 31.3x | 5.3x |
| Tue, 18 Jul 2023 | US$251.7b | US$46.5b | US$6.7b | 36.2x | 37.8x | 5.4x |
| Thu, 15 Jun 2023 | US$247.4b | US$46.5b | US$6.7b | 35.2x | 37.2x | 5.3x |
| Sat, 13 May 2023 | US$243.1b | US$46.5b | US$6.7b | 34.5x | 36.5x | 5.2x |
| Mon, 10 Apr 2023 | US$238.1b | US$46.2b | US$6.4b | 35x | 37.2x | 5.1x |
| Wed, 08 Mar 2023 | US$239.0b | US$46.2b | US$6.4b | 35.4x | 37.3x | 5.2x |
| Fri, 03 Feb 2023 | US$229.2b | US$46.5b | US$6.1b | 35.9x | 37.6x | 4.9x |
| Sun, 01 Jan 2023 | US$231.6b | US$46.5b | US$6.1b | 36.2x | 38x | 5x |
| Tue, 29 Nov 2022 | US$234.3b | US$46.5b | US$6.1b | 36.8x | 38.5x | 5x |
| Thu, 27 Oct 2022 | US$202.3b | US$44.6b | US$5.8b | 33.2x | 35x | 4.5x |
| Sat, 24 Sep 2022 | US$186.3b | US$44.6b | US$5.8b | 30.6x | 32.2x | 4.2x |
| Mon, 22 Aug 2022 | US$209.6b | US$44.6b | US$5.8b | 34.4x | 36.3x | 4.7x |
Price to Earnings Ratio
36.3x
Current Industry PE
- Investors are relatively neutral on the American Industrial Gases industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 32.6x.
- The 3-year average PS ratio of 5.7x is lower than the industry's current PS ratio of 6.3x.
Past Earnings Growth
- The earnings for companies in the Industrial Gases industry have grown 13% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Comparison
How does U.S. Industrial Gases compare with similar industries?
| US Market | 1.65% | |
| Materials | 2.27% | |
| Chemicals | 3.35% | |
| Industrial Gases | 1.63% | |
| Diversified Chemicals | 6.36% | |
| Commodity Chemicals | 6.05% | |
| Specialty Chemicals | 4.89% | |
| Fertilizers and Agricultural Chemicals | 1.15% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LIN Linde | US$477.63 | 1.7% +US$3.8b | 4.7% | PE33.4x | |
| APD Air Products and Chemicals | US$292.17 | 1.3% +US$803.4m | 6.7% | PE41.4x |