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U.S. Chemicals Industry Analysis

UpdatedJul 09, 2026
DataAggregated Company Financials
Companies127
  • 7D-1.9%
  • 3M-1.9%
  • 1Y2.6%
  • YTD13.8%

Over the last 7 days, the Chemicals industry has risen 1.0%, driven by gains in Dow and CF Industries Holdings of 7.4% and 8.2%, respectively. This takes the industry's 12 month performance to a gain of 5.7%. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 Jul 2026US$842.3bUS$360.7bUS$11.9b26.1x70.7x2.3x
Sat, 06 Jun 2026US$817.9bUS$360.7bUS$11.6b27.1x70.4x2.3x
Mon, 04 May 2026US$847.2bUS$358.1bUS$9.5b30x89.2x2.4x
Wed, 01 Apr 2026US$831.6bUS$357.0bUS$7.3b27.3x113.5x2.3x
Fri, 27 Feb 2026US$845.0bUS$356.9bUS$7.2b24.1x117x2.4x
Sun, 25 Jan 2026US$790.2bUS$372.0bUS$11.0b25.5x71.8x2.1x
Tue, 23 Dec 2025US$718.0bUS$371.7bUS$11.0b23.9x65.3x1.9x
Thu, 20 Nov 2025US$697.4bUS$371.6bUS$11.0b21.9x63.5x1.9x
Sat, 18 Oct 2025US$733.2bUS$367.8bUS$15.6b25.9x47.1x2x
Mon, 15 Sep 2025US$794.2bUS$367.7bUS$15.5b25.8x51.3x2.2x
Wed, 13 Aug 2025US$766.8bUS$367.8bUS$15.7b25.5x48.8x2.1x
Fri, 11 Jul 2025US$806.9bUS$376.6bUS$17.9b24x45x2.1x
Sun, 08 Jun 2025US$780.4bUS$378.4bUS$18.0b22.1x43.3x2.1x
Tue, 06 May 2025US$757.6bUS$379.0bUS$18.2b19.2x41.5x2x
Thu, 03 Apr 2025US$784.7bUS$380.9bUS$23.0b20.3x34.1x2.1x
Sat, 01 Mar 2025US$816.0bUS$380.6bUS$23.2b23.1x35.2x2.1x
Mon, 27 Jan 2025US$824.2bUS$384.4bUS$23.4b22.5x35.2x2.1x
Wed, 25 Dec 2024US$794.0bUS$384.3bUS$23.4b20.5x33.9x2.1x
Fri, 22 Nov 2024US$845.0bUS$384.3bUS$23.5b22.4x36x2.2x
Sun, 20 Oct 2024US$906.9bUS$388.6bUS$24.2b26.4x37.4x2.3x
Tue, 17 Sep 2024US$857.8bUS$383.8bUS$23.4b25.8x36.6x2.2x
Thu, 15 Aug 2024US$828.1bUS$384.5bUS$23.8b25x34.8x2.2x
Sat, 13 Jul 2024US$812.9bUS$379.9bUS$23.4b26.8x34.7x2.1x
Mon, 10 Jun 2024US$815.2bUS$377.3bUS$23.4b26.7x34.8x2.2x
Wed, 08 May 2024US$828.1bUS$377.7bUS$23.7b22.5x35x2.2x
Fri, 05 Apr 2024US$850.3bUS$384.6bUS$25.6b21.9x33.2x2.2x
Sun, 03 Mar 2024US$816.9bUS$384.5bUS$25.5b20x32.1x2.1x
Tue, 30 Jan 2024US$786.7bUS$397.4bUS$30.9b20.7x25.5x2x
Thu, 28 Dec 2023US$816.7bUS$398.4bUS$31.6b21.8x25.8x2x
Sat, 25 Nov 2023US$769.4bUS$398.8bUS$31.6b19.4x24.3x1.9x
Mon, 23 Oct 2023US$720.3bUS$412.0bUS$31.3b15.2x23x1.7x
Wed, 20 Sep 2023US$774.9bUS$412.0bUS$31.2b16.9x24.8x1.9x
Fri, 18 Aug 2023US$772.7bUS$412.0bUS$31.2b15.3x24.8x1.9x
Sun, 16 Jul 2023US$819.7bUS$444.3bUS$39.1b13.9x21x1.8x
Price to Earnings Ratio

21x


Total Market Cap: US$819.7bTotal Earnings: US$39.1bTotal Revenue: US$444.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 50.6x202420252026
Current Industry PE
  • Investors are optimistic on the American Chemicals industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 71.3x which is higher than its 3-year average PE of 50.6x.
  • The industry is trading close to its 3-year average PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 33% per year over the last three years,
  • Revenues have also declined 6.7% 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 U.S. Materials industry?

US Market-0.43%
Materials-2.19%
Chemicals-1.90%
Diversified Chemicals6.57%
Commodity Chemicals3.94%
Fertilizers and Agricultural Chemicals2.62%
Industrial Gases-1.55%
Specialty Chemicals-4.27%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 29.0x.
    • Analysts are expecting annual earnings growth of 16.0%, which is higher than its past year's earnings growth of 9.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 39% over the next 5 years.
  • This is better than its past earnings decline of 11% per year.
  • In contrast, the Diversified Chemicals industry is expected to see its earnings decline by 6.1% 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
DOW DowUS$29.037.4%
+US$1.4b		-2.7%PS0.5x
CF CF Industries HoldingsUS$117.028.2%
+US$1.4b		18.5%PE10.2x
CTVA CortevaUS$85.182.0%
+US$1.1b		11.8%PE45.5x
LYB LyondellBasell IndustriesUS$55.726.0%
+US$1.0b		-14.1%PS0.6x
WLK WestlakeUS$75.804.1%
+US$381.8m		-11.3%PS0.9x

Latest News

ESI
US$39.34
Element Solutions
7D
-14.0%
1Y
58.9%
Narrative Update • Jul 08

ESI: Acquisition Premium And Synergy Plan Will Shape Bullish Forward Outlook

Analysts have nudged their price target for Element Solutions higher, with fair value moving from $47.30 to $48.88 as small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions flow through their models. What’s in the News for Element Solutions Solstice Advanced Materials agreed to acquire Element Solutions in a definitive cash and stock deal valued at about US$14.5b including assumed net debt.
SOLS
US$61.01
Solstice Advanced Materials
7D
-26.4%
1Y
n/a
HUN
US$11.30
Huntsman
7D
7.1%
1Y
-2.4%
PPG
US$114.28
PPG Industries
7D
-6.8%
1Y
-3.3%
CF
US$117.02
CF Industries Holdings
7D
8.2%
1Y
18.5%
Narrative Update • Jul 07

CF: Future Nitrogen Pricing Support Will Likely Prove Already Priced In

Analysts have lifted their fair value estimate for CF Industries Holdings to $100 from $85, reflecting updated price targets across the Street that balance more cautious earnings assumptions with support from higher nitrogen pricing, potential grain and oilseed price upside, and expectations that the company can benefit from ongoing supply dislocations. Analyst Commentary Recent research on CF Industries Holdings shows a mix of optimism on nitrogen pricing and agriculture markets alongside a clear pocket of caution on execution risks and current valuation.
OLN
US$21.00
Olin
7D
7.2%
1Y
-5.3%
WLK
US$75.80
Westlake
7D
4.1%
1Y
-11.3%
LYB
US$55.72
LyondellBasell Industries
7D
6.0%
1Y
-14.1%
APD
US$296.75
Air Products and Chemicals
7D
-3.1%
1Y
0.9%
CTVA
US$85.18
Corteva
7D
2.0%
1Y
11.8%
LIN
US$527.67
Linde
7D
-1.1%
1Y
12.0%
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
ECL
US$274.12
Ecolab
7D
-1.5%
1Y
2.2%
DOW
US$29.03
Dow
7D
7.4%
1Y
-2.7%
RPM
US$103.49
RPM International
7D
-6.5%
1Y
-9.3%
SHW
US$330.57
Sherwin-Williams
7D
-4.5%
1Y
-6.0%
CE
US$47.30
Celanese
7D
4.6%
1Y
-22.2%
Narrative Update • Jun 25

CE: Sustainable Materials Partnerships Will Support Future Upside Potential

Analysts kept their $64.00 price target on Celanese steady, citing updated assumptions that now reflect a discount rate of 11.41%, revenue growth of 1.60%, a profit margin of 8.66%, and a forward P/E of 11.29x. They view these assumptions as better aligning the stock with current risk and earnings expectations.