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U.S. Chemicals Industry Analysis

UpdatedJul 04, 2026
DataAggregated Company Financials
Companies128
  • 7D2.8%
  • 3M2.1%
  • 1Y6.4%
  • YTD18.1%

The Chemicals industry is up 2.8% in the last week, with Linde up 5.2%. This takes the industry's 12 month performance to a gain of 6.4%. Looking forward, 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
Sat, 04 Jul 2026US$855.2bUS$360.6bUS$11.9b25.7x71.9x2.4x
Mon, 01 Jun 2026US$820.9bUS$360.7bUS$11.6b26.4x70.6x2.3x
Wed, 29 Apr 2026US$853.6bUS$357.3bUS$7.0b30.8x121.4x2.4x
Fri, 27 Mar 2026US$828.3bUS$357.0bUS$7.5b27.5x110.4x2.3x
Sun, 22 Feb 2026US$841.7bUS$358.5bUS$8.4b28.6x100.6x2.3x
Tue, 20 Jan 2026US$775.5bUS$372.0bUS$11.0b23.2x70.4x2.1x
Thu, 18 Dec 2025US$715.6bUS$371.7bUS$11.0b24x65.2x1.9x
Sat, 15 Nov 2025US$721.0bUS$371.7bUS$11.0b22.9x65.8x1.9x
Mon, 13 Oct 2025US$732.7bUS$367.8bUS$15.6b24.4x47.1x2x
Wed, 10 Sep 2025US$784.1bUS$367.6bUS$15.5b25.9x50.5x2.1x
Fri, 08 Aug 2025US$763.3bUS$368.0bUS$15.9b23.7x48x2.1x
Sun, 06 Jul 2025US$805.6bUS$376.6bUS$17.9b23.8x44.9x2.1x
Tue, 03 Jun 2025US$771.3bUS$378.4bUS$18.0b22.2x42.8x2x
Thu, 01 May 2025US$748.9bUS$379.6bUS$21.7b19.2x34.6x2x
Sat, 29 Mar 2025US$786.4bUS$380.9bUS$23.0b19.4x34.2x2.1x
Mon, 24 Feb 2025US$813.6bUS$380.9bUS$22.9b21.4x35.5x2.1x
Wed, 22 Jan 2025US$817.6bUS$384.4bUS$23.4b23.2x34.9x2.1x
Fri, 20 Dec 2024US$791.1bUS$384.3bUS$23.4b20.5x33.8x2.1x
Sun, 17 Nov 2024US$841.3bUS$385.1bUS$23.8b23.6x35.3x2.2x
Tue, 15 Oct 2024US$894.9bUS$388.7bUS$24.2b26.6x37x2.3x
Thu, 12 Sep 2024US$846.7bUS$383.8bUS$23.4b25.1x36.1x2.2x
Sat, 10 Aug 2024US$824.3bUS$384.4bUS$23.8b24.6x34.6x2.1x
Mon, 08 Jul 2024US$796.4bUS$379.9bUS$23.4b25.1x34x2.1x
Wed, 05 Jun 2024US$821.0bUS$377.3bUS$23.4b25.6x35x2.2x
Fri, 03 May 2024US$806.8bUS$378.6bUS$23.9b22x33.8x2.1x
Sun, 31 Mar 2024US$854.5bUS$384.6bUS$25.6b22x33.4x2.2x
Tue, 27 Feb 2024US$807.4bUS$384.6bUS$25.5b19.6x31.7x2.1x
Thu, 25 Jan 2024US$793.0bUS$398.9bUS$31.7b20.2x25x2x
Sat, 23 Dec 2023US$811.0bUS$398.4bUS$31.6b21.7x25.7x2x
Mon, 20 Nov 2023US$763.4bUS$398.8bUS$31.6b19.4x24.1x1.9x
Wed, 18 Oct 2023US$753.0bUS$412.0bUS$31.2b15.3x24.1x1.8x
Fri, 15 Sep 2023US$775.9bUS$412.0bUS$31.2b15.5x24.9x1.9x
Sun, 13 Aug 2023US$789.2bUS$412.0bUS$31.2b15.3x25.3x1.9x
Tue, 11 Jul 2023US$803.5bUS$444.3bUS$39.1b13.9x20.6x1.8x
Price to Earnings Ratio

20.6x


Total Market Cap: US$803.5bTotal 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 71.9x 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 Market1.63%
Materials0.26%
Chemicals2.79%
Industrial Gases6.82%
Fertilizers and Agricultural Chemicals2.82%
Specialty Chemicals0.94%
Diversified Chemicals-4.29%
Commodity Chemicals-4.95%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 28.6x.
    • Analysts are expecting annual earnings growth of 15.8%, 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$314.1913.1%
+US$8.1b		7.7%PE33.1x
CTVA CortevaUS$85.803.8%
+US$2.1b		11.3%PE45.8x
SHW Sherwin-WilliamsUS$352.482.4%
+US$2.1b		-0.4%PE33.3x
IFF International Flavors & FragrancesUS$83.839.8%
+US$1.9b		9.8%PE25.9x

Latest News

DOW
US$27.71
Dow
7D
-4.6%
1Y
-2.6%
IFF
US$83.83
International Flavors & Fragrances
7D
9.8%
1Y
9.8%
MOS
US$21.13
Mosaic
7D
-5.6%
1Y
-43.3%
Seeking Alpha • 14h

Lower Lows In Mosaic Company On Trade Announcement

Summary The Mosaic Company remains a Buy, offering compelling value and a 4.16% dividend yield despite recent price weakness and sector headwinds. Temporary suspension of duties on Moroccan phosphate increases competition, but U.S. policy is likely to revert, supporting MOS’s long-term positioning. MOS’s valuation is attractive, with high grades in P/E, EV/Sales, Price/Book, and dividend yield, though recent earnings disappointed on EPS. I favor accumulating MOS on further price weakness, leveraging its volatility and yield, while monitoring risks from market downturns and policy shifts. Read the full article on Seeking Alpha
HWKN
US$138.49
Hawkins
7D
-14.3%
1Y
-9.2%
SHW
US$352.48
Sherwin-Williams
7D
2.4%
1Y
-0.4%
APD
US$314.19
Air Products and Chemicals
7D
13.1%
1Y
7.7%
LIN
US$546.64
Linde
7D
5.2%
1Y
14.9%
CTVA
US$85.80
Corteva
7D
3.8%
1Y
11.3%
LYB
US$53.36
LyondellBasell Industries
7D
-4.3%
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
1.7%
1Y
6.0%
FUL
US$58.06
H.B. Fuller
7D
-8.2%
1Y
-6.7%
Narrative Update • Jun 30

FUL: Medical Deal And Earnings Execution Will Drive Future Upside Potential

H.B. Fuller’s analyst price target has shifted from $70.43 to $73.29. Analysts point to updated assumptions around revenue growth, profit margins, valuation multiples and recent research moves that include several price target increases and an upgraded rating.
CBT
US$86.35
Cabot
7D
-7.5%
1Y
10.2%
SOLS
US$80.19
Solstice Advanced Materials
7D
-3.0%
1Y
n/a
DD
US$139.91
DuPont de Nemours
7D
2.0%
1Y
-36.7%
Narrative Update • Jun 27

DD: Reverse Stock Split And 2026 Guidance Will Support Further Upside

Analysts have lifted their DuPont de Nemours fair value estimate from about $57.07 to roughly $172.07, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E that modestly adjust their valuation framework. What’s in the News for DuPont de Nemours DuPont de Nemours is executing a 1 for 3 reverse stock split of its common stock effective June 24, 2026, as highlighted in recent coverage on upcoming reverse splits for DuPont and Honeywell (source: What Honeywell’s and DuPont’s Coming Reverse Stock Splits Mean for Investors).
ESI
US$43.64
Element Solutions
7D
-4.4%
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
4.6%
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.