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U.S. Industrial Gases Industry Analysis

UpdatedJul 11, 2026
DataAggregated Company Financials
Companies4
  • 7D-3.4%
  • 3M4.2%
  • 1Y10.6%
  • YTDn/a

Over the last 7 days, the Industrial Gases industry has dropped 4.3%, driven by declines from every company within the industry. This takes the industry's 12 month performance to a gain of 9.2%. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Jul 2026US$308.9bUS$47.1bUS$9.2b33.1x33.6x6.6x
Mon, 08 Jun 2026US$297.7bUS$47.1bUS$9.2b31.4x32.4x6.3x
Wed, 06 May 2026US$297.8bUS$47.1bUS$9.2b32.3x32.4x6.3x
Fri, 03 Apr 2026US$293.3bUS$46.2bUS$6.6b33.8x44.6x6.3x
Sun, 01 Mar 2026US$296.8bUS$46.2bUS$6.6b34.1x45.2x6.4x
Tue, 27 Jan 2026US$269.0bUS$45.5bUS$6.7b30x40.1x5.9x
Thu, 25 Dec 2025US$253.1bUS$45.5bUS$6.7b28x37.7x5.6x
Sat, 22 Nov 2025US$246.6bUS$45.5bUS$6.7b27.2x36.8x5.4x
Mon, 20 Oct 2025US$267.8bUS$45.3bUS$8.3b33.7x32.3x5.9x
Wed, 17 Sep 2025US$288.0bUS$45.3bUS$8.3b36.6x34.8x6.4x
Fri, 15 Aug 2025US$288.5bUS$45.3bUS$8.3b37.4x34.8x6.4x
Sun, 13 Jul 2025US$285.7bUS$45.0bUS$8.2b37.7x35x6.3x
Tue, 10 Jun 2025US$284.8bUS$45.0bUS$8.2b36.9x34.9x6.3x
Thu, 08 May 2025US$270.0bUS$45.0bUS$8.2b35x33.1x6x
Sat, 05 Apr 2025US$284.0bUS$45.0bUS$10.4b23.4x27.3x6.3x
Mon, 03 Mar 2025US$291.2bUS$45.0bUS$10.4b26x28x6.5x
Wed, 29 Jan 2025US$280.0bUS$45.1bUS$10.2b25.7x27.4x6.2x
Fri, 27 Dec 2024US$268.6bUS$45.1bUS$10.2b24.4x26.3x6x
Sun, 24 Nov 2024US$290.3bUS$45.1bUS$10.2b26.6x28.4x6.4x
Tue, 22 Oct 2024US$306.1bUS$44.9bUS$9.0b32.4x34.2x6.8x
Thu, 19 Sep 2024US$289.9bUS$44.9bUS$9.0b29.9x32.4x6.5x
Sat, 17 Aug 2024US$278.7bUS$44.9bUS$9.0b29x31.1x6.2x
Mon, 15 Jul 2024US$269.9bUS$44.9bUS$8.8b28.6x30.8x6x
Wed, 12 Jun 2024US$270.4bUS$44.9bUS$8.8b29.3x30.8x6x
Fri, 10 May 2024US$260.4bUS$44.9bUS$8.8b27.7x29.7x5.8x
Sun, 07 Apr 2024US$276.9bUS$45.3bUS$8.5b29.4x32.5x6.1x
Tue, 05 Mar 2024US$272.4bUS$45.3bUS$8.5b29.1x31.9x6x
Thu, 01 Feb 2024US$255.4bUS$45.1bUS$8.3b28.8x30.9x5.7x
Sat, 30 Dec 2023US$259.7bUS$45.1bUS$8.3b29.9x31.4x5.8x
Mon, 27 Nov 2023US$261.8bUS$45.1bUS$8.3b30.1x31.6x5.8x
Wed, 25 Oct 2023US$239.3bUS$46.1bUS$7.9b29.7x30.4x5.2x
Fri, 22 Sep 2023US$245.5bUS$46.1bUS$7.9b30.6x31.2x5.3x
Sun, 20 Aug 2023US$246.3bUS$46.1bUS$7.9b30.6x31.3x5.3x
Tue, 18 Jul 2023US$251.7bUS$46.5bUS$6.7b36.2x37.8x5.4x
Price to Earnings Ratio

37.8x


Total Market Cap: US$251.7bTotal 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 32.9x202420252026
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 32.9x.
  • 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 Market0.74%
Materials-2.17%
Chemicals-3.22%
Industrial Gases-3.42%
Commodity Chemicals3.20%
Diversified Chemicals2.77%
Fertilizers and Agricultural Chemicals0.83%
Specialty Chemicals-5.10%
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
No data available

Latest News

APD
US$299.53
Air Products and Chemicals
7D
-4.7%
1Y
2.6%
LIN
US$529.79
Linde
7D
-3.1%
1Y
13.0%
Seeking Alpha • Jul 05

Linde: Space Growth Prospects Already At Orbit

Summary Linde offers diversified industrial gas exposure, with recent momentum from clean energy and emerging space sector demand. LIN's on-site gas business is expanding, providing higher margins and defensiveness, while Engineering backlog declines. Clean energy backlog growth may slow as mandates face pushback; space sector offers long-term upside but remains a small contributor. LIN is rated a hold, as current valuation already reflects base case growth from clean energy and space opportunities. Read the full article on Seeking Alpha