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U.S. Chemicals Industry Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies129
  • 7D2.8%
  • 3M2.2%
  • 1Y6.5%
  • YTD18.1%

Over the last 7 days, the Chemicals industry has risen 2.8%, driven by gains from Linde of 5.2%. Meanwhile, Dow actually underperformed within the industry, shrinking 5.5% in the last week. This takes the industry's 12 month performance to a gain of 6.5%. 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
Fri, 03 Jul 2026US$846.8bUS$360.6bUS$11.7b25.7x72.7x2.3x
Sun, 31 May 2026US$820.9bUS$360.7bUS$11.6b26.4x70.6x2.3x
Tue, 28 Apr 2026US$851.3bUS$356.5bUS$7.0b31.6x121.1x2.4x
Thu, 26 Mar 2026US$809.1bUS$357.0bUS$7.5b27.4x107.9x2.3x
Sat, 21 Feb 2026US$837.7bUS$366.0bUS$7.9b28.6x105.9x2.3x
Mon, 19 Jan 2026US$775.5bUS$372.0bUS$11.0b23.2x70.4x2.1x
Wed, 17 Dec 2025US$716.1bUS$371.7bUS$11.0b24.2x65.2x1.9x
Fri, 14 Nov 2025US$719.4bUS$371.7bUS$11.0b23.4x65.6x1.9x
Sun, 12 Oct 2025US$732.7bUS$367.8bUS$15.6b24.4x47.1x2x
Tue, 09 Sep 2025US$791.9bUS$367.6bUS$15.5b26.8x51x2.2x
Thu, 07 Aug 2025US$770.4bUS$367.4bUS$15.6b22.8x49.3x2.1x
Sat, 05 Jul 2025US$805.6bUS$376.6bUS$17.9b23.8x44.9x2.1x
Mon, 02 Jun 2025US$771.9bUS$378.4bUS$18.1b22x42.8x2x
Wed, 30 Apr 2025US$737.8bUS$379.8bUS$21.7b19.3x34x1.9x
Fri, 28 Mar 2025US$787.4bUS$380.9bUS$23.0b20.5x34.2x2.1x
Sun, 23 Feb 2025US$813.7bUS$380.9bUS$22.9b21.4x35.5x2.1x
Tue, 21 Jan 2025US$817.6bUS$384.4bUS$23.4b23.2x34.9x2.1x
Thu, 19 Dec 2024US$813.7bUS$384.3bUS$23.4b20.9x34.7x2.1x
Sat, 16 Nov 2024US$849.8bUS$385.1bUS$24.0b23.6x35.5x2.2x
Mon, 14 Oct 2024US$894.9bUS$388.7bUS$24.2b26.6x37x2.3x
Wed, 11 Sep 2024US$841.5bUS$383.8bUS$23.4b25.1x35.9x2.2x
Fri, 09 Aug 2024US$811.5bUS$384.4bUS$23.8b25.2x34.1x2.1x
Sun, 07 Jul 2024US$796.4bUS$379.9bUS$23.4b25.1x34x2.1x
Tue, 04 Jun 2024US$826.9bUS$377.3bUS$23.4b25.5x35.3x2.2x
Thu, 02 May 2024US$802.6bUS$381.8bUS$26.2b21.4x30.6x2.1x
Sat, 30 Mar 2024US$854.5bUS$384.6bUS$25.5b22x33.5x2.2x
Mon, 26 Feb 2024US$811.6bUS$384.6bUS$25.5b19.6x31.8x2.1x
Wed, 24 Jan 2024US$791.0bUS$398.9bUS$31.7b20.4x24.9x2x
Fri, 22 Dec 2023US$796.8bUS$398.4bUS$31.6b21.7x25.2x2x
Sun, 19 Nov 2023US$762.2bUS$398.9bUS$31.7b18.4x24x1.9x
Tue, 17 Oct 2023US$744.9bUS$412.0bUS$31.2b15.2x23.9x1.8x
Thu, 14 Sep 2023US$775.9bUS$412.0bUS$31.2b15.2x24.9x1.9x
Sat, 12 Aug 2023US$789.2bUS$412.0bUS$31.2b15.3x25.3x1.9x
Mon, 10 Jul 2023US$803.3bUS$444.3bUS$39.1b14.5x20.6x1.8x
Price to Earnings Ratio

20.6x


Total Market Cap: US$803.3bTotal Earnings: US$39.1bTotal Revenue: US$444.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 50.3x202420252026
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 72.7x which is higher than its 3-year average PE of 50.3x.
  • 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 Market1.38%
Materials-0.095%
Chemicals2.76%
Industrial Gases6.62%
Fertilizers and Agricultural Chemicals4.01%
Specialty Chemicals0.81%
Diversified Chemicals-3.36%
Commodity Chemicals-5.38%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 28.5x.
    • 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 6.9% 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
LIN LindeUS$546.645.2%
+US$12.5b		14.9%PE35.7x
APD Air Products and ChemicalsUS$314.1912.2%
+US$7.6b		7.7%PE33.1x
SHW Sherwin-WilliamsUS$352.484.0%
+US$3.3b		-0.4%PE33.3x
CTVA CortevaUS$85.805.1%
+US$2.8b		11.3%PE45.8x
IFF International Flavors & FragrancesUS$83.8311.7%
+US$2.2b		9.8%PE25.9x

Latest News

IFF
US$83.83
International Flavors & Fragrances
7D
11.7%
1Y
9.8%
ECL
US$283.36
Ecolab
7D
0.8%
1Y
3.4%
PRM
US$33.92
Perimeter Solutions
7D
-8.1%
1Y
120.4%
ALB
US$135.56
Albemarle
7D
-3.9%
1Y
101.7%
Narrative Update • Jul 01

ALB: Lithium Demand Tailwinds And Execution Risks Will Shape Future Returns

The analyst price target for Albemarle has been trimmed by about $3 to reflect a slightly higher discount rate and softer revenue outlook, even as analysts still highlight long term lithium demand and volume growth opportunities in recent research. Analyst Commentary Recent research on Albemarle reflects a mixed backdrop, with some firms trimming price targets while others reiterate or upgrade positive views tied to lithium exposure and long term volume growth projects.
HWKN
US$138.49
Hawkins
7D
-16.3%
1Y
-9.2%
SHW
US$352.48
Sherwin-Williams
7D
4.0%
1Y
-0.4%
APD
US$314.19
Air Products and Chemicals
7D
12.2%
1Y
7.7%
LIN
US$546.64
Linde
7D
5.2%
1Y
14.9%
CTVA
US$85.80
Corteva
7D
5.1%
1Y
11.3%
DOW
US$27.71
Dow
7D
-5.5%
1Y
-2.6%
Seeking Alpha • Jul 01

Dow: Equipped To Survive The Downcycle

Summary Dow Inc. is upgraded to Buy as geopolitical supply shocks and a major legal windfall have de-risked its balance sheet and dividend. DOW benefits from North American ethane-based production as global oil-linked costs rise, widening integrated margins and driving record polyethylene sales growth. Cost-cutting initiatives, including $1B in annual savings and European asset rationalization, are ahead of schedule, structurally lowering DOW's breakeven and enhancing future operating leverage. Valuation is attractive: DOW trades at low multiples on depressed EBITDA, with normalization and cost savings potentially compressing EV/EBITDA to 5–6x versus historical 7–8x. Read the full article on Seeking Alpha
LYB
US$53.36
LyondellBasell Industries
7D
-4.4%
1Y
-13.9%
Narrative Update • Jul 01

LYB: Dividend Yield And Normalizing Chemical Spreads Will Shape Future Returns

The analyst price target for LyondellBasell Industries has been reduced by roughly $12 to about $50.61, as analysts factor in lower assumed fair value alongside slightly higher discount rates and modestly less severe expected revenue declines, partially offset by stable profit margins and a lower future P/E assumption. Analyst Commentary Recent Street research on LyondellBasell Industries shows a mix of views, but the more cautious voices are leaning toward lower valuation assumptions and softer long term growth expectations for the petrochemical cycle.
PPG
US$125.33
PPG Industries
7D
2.4%
1Y
6.0%
SOLS
US$80.19
Solstice Advanced Materials
7D
-7.7%
1Y
n/a
CC
US$19.01
Chemours
7D
-11.0%
1Y
47.0%
ESI
US$43.64
Element Solutions
7D
-8.5%
1Y
81.8%
Narrative Update • Jun 24

ESI: Record Highs And Analyst Day Will Frame Measured Forward Outlook

Analysts have kept their $47.30 price target for Element Solutions unchanged, reflecting largely stable assumptions on the discount rate, revenue growth, profit margin, and future P/E in their valuation work. What's in the News for Element Solutions Element Solutions Inc stock reached a record high of $46.74 in Q1 2026, alongside first quarter earnings that were reported above company guidance, according to recent coverage citing multiple research firms and the London Company Small-Mid Cap Strategy investor letter.
CF
US$110.54
CF Industries Holdings
7D
4.8%
1Y
16.8%
Narrative Update • Jun 23

CF: Higher Nitrogen Prices And Buybacks Will Drive Future Upside

The updated fair value estimate for CF Industries Holdings edges down by about $1.50 to roughly $126 per share, even as analysts cite higher nitrogen prices, potential benefits from supply dislocations, and an active buyback program in their recent price target revisions. Analyst Commentary Recent Street research on CF Industries Holdings shows a mix of optimism and caution, with several firms lifting price targets while keeping a range of ratings from Underperform to Buy.