Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Industrial Gases Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies4
  • 7D0.7%
  • 3M2.9%
  • 1Y11.6%
  • YTDn/a

In the last week, Industrial Gases has been flat. The past year has been better, since the industry has gained 12% in that time. Earnings are forecast to grow by 9.8% annually.

Industry Valuation and Performance

Has the U.S. Industrial Gases Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 May 2026US$303.8bUS$47.1bUS$9.2b32.1x33x6.4x
Fri, 24 Apr 2026US$295.3bUS$46.2bUS$6.6b34.1x44.9x6.4x
Sun, 22 Mar 2026US$288.8bUS$46.2bUS$6.6b32.8x43.9x6.3x
Tue, 17 Feb 2026US$286.9bUS$46.2bUS$6.6b32.6x43.7x6.2x
Thu, 15 Jan 2026US$266.1bUS$45.5bUS$6.7b29x39.7x5.8x
Sat, 13 Dec 2025US$242.6bUS$45.5bUS$6.7b27.4x36.2x5.3x
Mon, 10 Nov 2025US$254.2bUS$45.5bUS$6.7b27.7x37.9x5.6x
Wed, 08 Oct 2025US$280.0bUS$45.3bUS$8.3b35.6x33.8x6.2x
Fri, 05 Sep 2025US$286.0bUS$45.3bUS$8.3b37x34.5x6.3x
Sun, 03 Aug 2025US$278.1bUS$45.3bUS$8.3b36x33.6x6.1x
Tue, 01 Jul 2025US$281.2bUS$45.0bUS$8.2b37x34.5x6.2x
Thu, 29 May 2025US$281.4bUS$45.0bUS$8.2b36x34.5x6.2x
Sat, 26 Apr 2025US$272.4bUS$45.0bUS$10.4b23.9x26.2x6x
Mon, 24 Mar 2025US$281.6bUS$45.0bUS$10.4b24.9x27x6.3x
Wed, 19 Feb 2025US$287.9bUS$45.0bUS$10.4b26.1x27.6x6.4x
Fri, 17 Jan 2025US$272.0bUS$45.1bUS$10.2b25.2x26.6x6x
Sun, 15 Dec 2024US$276.7bUS$45.1bUS$10.2b25.3x27.1x6.1x
Tue, 12 Nov 2024US$288.4bUS$45.1bUS$10.2b26.1x28.2x6.4x
Thu, 10 Oct 2024US$293.2bUS$44.9bUS$9.0b31.1x32.7x6.5x
Sat, 07 Sep 2024US$277.9bUS$44.9bUS$9.0b28.7x31x6.2x
Mon, 05 Aug 2024US$279.4bUS$44.9bUS$9.0b29.2x31.2x6.2x
Wed, 03 Jul 2024US$261.2bUS$44.9bUS$8.8b27.7x29.8x5.8x
Fri, 31 May 2024US$264.7bUS$44.9bUS$8.8b28.1x30.2x5.9x
Sun, 28 Apr 2024US$265.9bUS$45.3bUS$8.5b28.5x31.2x5.9x
Tue, 26 Mar 2024US$278.1bUS$45.3bUS$8.5b29.5x32.6x6.1x
Thu, 22 Feb 2024US$262.1bUS$45.3bUS$8.5b28.1x30.7x5.8x
Sat, 20 Jan 2024US$255.7bUS$45.1bUS$8.3b29.1x30.9x5.7x
Mon, 18 Dec 2023US$257.7bUS$45.1bUS$8.3b29.6x31.1x5.7x
Wed, 15 Nov 2023US$252.7bUS$45.1bUS$8.3b29.4x30.5x5.6x
Fri, 13 Oct 2023US$249.4bUS$46.1bUS$7.9b30.8x31.7x5.4x
Sun, 10 Sep 2023US$255.1bUS$46.1bUS$7.9b31.8x32.4x5.5x
Tue, 08 Aug 2023US$251.7bUS$46.1bUS$7.9b31.2x32x5.5x
Thu, 06 Jul 2023US$243.8bUS$46.5bUS$6.7b34.8x36.6x5.2x
Sat, 03 Jun 2023US$238.9bUS$46.5bUS$6.7b34.1x35.9x5.1x
Price to Earnings Ratio

35.9x


Total Market Cap: US$238.9bTotal Earnings: US$6.7bTotal Revenue: US$46.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrial Gases Industry Price to Earnings3Y Average 33.1x202420252026
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 33.1x.
  • The industry is trading close to its 3-year average PS ratio of 6.0x.
Past Earnings Growth
  • The earnings for companies in the Industrial Gases industry have grown 11% 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 Market1.21%
Materials0.66%
Chemicals0.12%
Industrial Gases0.75%
Diversified Chemicals1.82%
Specialty Chemicals1.11%
Fertilizers and Agricultural Chemicals-1.36%
Commodity Chemicals-4.88%
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
LIN LindeUS$514.971.8%
+US$4.1b		10.0%PE33.6x

Latest News

APD
US$289.60
Air Products and Chemicals
7D
-0.7%
1Y
5.5%
LIN
US$514.97
Linde
7D
1.8%
1Y
10.0%