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U.S. Chemicals Industry Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies128
  • 7D-1.2%
  • 3M0.4%
  • 1Y2.5%
  • YTD11.0%

Over the last 7 days, the Chemicals industry has dropped 1.2%, driven by a pullback from Sociedad Química y Minera de Chile of 13%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jun 2026US$813.3bUS$360.7bUS$11.6b26.6x70x2.3x
Thu, 07 May 2026US$850.9bUS$358.6bUS$10.8b28.1x78.8x2.4x
Sat, 04 Apr 2026US$838.6bUS$357.0bUS$7.3b29.2x114.4x2.3x
Mon, 02 Mar 2026US$845.3bUS$356.9bUS$7.3b24x116.2x2.4x
Wed, 28 Jan 2026US$791.5bUS$372.0bUS$11.0b25.7x71.9x2.1x
Fri, 26 Dec 2025US$725.1bUS$371.7bUS$11.0b23.8x65.9x2x
Sun, 23 Nov 2025US$707.9bUS$371.7bUS$11.0b22.2x64.4x1.9x
Tue, 21 Oct 2025US$750.2bUS$367.8bUS$15.6b26.3x48.2x2x
Thu, 18 Sep 2025US$777.7bUS$367.7bUS$15.5b26.2x50.2x2.1x
Sat, 16 Aug 2025US$788.8bUS$367.8bUS$15.7b25.1x50.3x2.1x
Mon, 14 Jul 2025US$799.4bUS$376.6bUS$17.9b24.1x44.6x2.1x
Wed, 11 Jun 2025US$786.8bUS$378.4bUS$18.0b22.8x43.6x2.1x
Fri, 09 May 2025US$742.6bUS$378.6bUS$17.3b21.5x42.9x2x
Sun, 06 Apr 2025US$711.9bUS$380.9bUS$23.0b17.3x31x1.9x
Tue, 04 Mar 2025US$820.6bUS$380.6bUS$23.2b22.2x35.4x2.2x
Thu, 30 Jan 2025US$824.7bUS$384.3bUS$23.2b23.1x35.5x2.1x
Sat, 28 Dec 2024US$792.5bUS$384.3bUS$23.4b20.4x33.8x2.1x
Mon, 25 Nov 2024US$862.5bUS$384.3bUS$23.5b22.8x36.8x2.2x
Wed, 23 Oct 2024US$898.2bUS$388.7bUS$24.3b25.8x37x2.3x
Fri, 20 Sep 2024US$862.0bUS$383.8bUS$23.4b26.7x36.8x2.2x
Sun, 18 Aug 2024US$840.5bUS$384.5bUS$23.8b25.4x35.3x2.2x
Tue, 16 Jul 2024US$821.2bUS$379.9bUS$23.4b27.3x35.1x2.2x
Thu, 13 Jun 2024US$816.5bUS$377.3bUS$23.4b26.9x34.8x2.2x
Sat, 11 May 2024US$831.1bUS$377.4bUS$23.5b22.7x35.4x2.2x
Mon, 08 Apr 2024US$842.5bUS$384.6bUS$25.6b21.8x32.9x2.2x
Wed, 06 Mar 2024US$822.0bUS$384.5bUS$25.5b20x32.3x2.1x
Fri, 02 Feb 2024US$793.7bUS$397.1bUS$30.6b21.1x25.9x2x
Sun, 31 Dec 2023US$811.0bUS$397.9bUS$31.5b21.6x25.7x2x
Tue, 28 Nov 2023US$769.4bUS$398.8bUS$31.6b19.5x24.3x1.9x
Thu, 26 Oct 2023US$706.8bUS$408.7bUS$30.9b15.4x22.9x1.7x
Sat, 23 Sep 2023US$749.3bUS$412.0bUS$31.2b16.5x24x1.8x
Mon, 21 Aug 2023US$773.4bUS$412.0bUS$31.2b15.3x24.8x1.9x
Wed, 19 Jul 2023US$830.0bUS$444.3bUS$39.1b14.4x21.2x1.9x
Fri, 16 Jun 2023US$794.9bUS$444.6bUS$39.1b13x20.3x1.8x
Price to Earnings Ratio

20.3x


Total Market Cap: US$794.9bTotal Earnings: US$39.1bTotal Revenue: US$444.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 49.2x202420252026
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 70.0x which is higher than its 3-year average PE of 49.2x.
  • 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-2.73%
Materials-4.23%
Chemicals-1.20%
Industrial Gases0.55%
Specialty Chemicals-1.45%
Commodity Chemicals-2.74%
Fertilizers and Agricultural Chemicals-4.46%
Diversified Chemicals-5.51%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 26.3x.
    • Analysts are expecting annual earnings growth of 14.2%, which is higher than its past year's earnings growth of 9.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 74% over the next 5 years.
  • In contrast, the Industrial Gases industry is expected to see its earnings grow by 10% 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$501.920.9%
+US$2.1b		6.3%PE32.8x
ECL EcolabUS$257.412.8%
+US$2.0b		-3.4%PE34.4x
SHW Sherwin-WilliamsUS$299.551.6%
+US$1.2b		-16.3%PE28.3x
AXTA Axalta Coating SystemsUS$31.844.8%
+US$310.3m		2.9%PE18.5x
PPG PPG IndustriesUS$112.880.7%
+US$180.5m		-0.5%PE15.9x

Latest News

ECL
US$257.41
Ecolab
7D
2.8%
1Y
-3.4%
NEU
US$803.00
NewMarket
7D
0.7%
1Y
23.8%
MOS
US$21.38
Mosaic
7D
-8.4%
1Y
-38.2%
Narrative Update • Jun 06

MOS: Depressed Phosphate Margins Will Eventually Support Stronger Free Cash Flow

Analysts have lowered Mosaic's fair value estimate from $30.43 to $26.82. This reflects broad reductions in price targets, more conservative assumptions for revenue growth and profit margins, and a higher projected P/E multiple in light of ongoing fertilizer margin volatility.
CF
US$109.45
CF Industries Holdings
7D
-3.4%
1Y
17.9%
AXTA
US$31.84
Axalta Coating Systems
7D
4.8%
1Y
2.9%
Narrative Update • Jun 06

AXTA: Merger Progress And Mixed Rating Shifts Will Shape Repriced Expectations

Axalta Coating Systems' updated analyst price target edges higher by about $0.14 per share as analysts factor in slightly lower discount rate assumptions and modestly adjusted growth and P/E inputs following recent Street research, including Citi's renewed confidence in the potential Axalta and Akzo merger. Analyst Commentary Bullish Takeaways Bullish analysts point to the potential Axalta and Akzo merger as a key support for valuation, with some viewing the removal of other interested bidders for Akzo as reducing deal uncertainty.
ALB
US$149.84
Albemarle
7D
-12.4%
1Y
140.5%
SQM
US$72.76
Sociedad Química y Minera de Chile
7D
-12.8%
1Y
116.9%
Narrative Update • Jun 06

SQM: Lithium Inventory Rebound In China Will Likely Cap Future Upside

Analysts have nudged their fair value estimate for Sociedad Química y Minera de Chile higher, with a modest uptick supported by a series of recent price target increases into the $58 to $105 range and mixed views on lithium pricing and inventory trends. Analyst Commentary Recent research on Sociedad Química y Minera de Chile highlights a split view, with some firms lifting targets while others flagging more limited upside based on current lithium pricing and inventory data.
LIN
US$501.92
Linde
7D
0.9%
1Y
6.3%
Narrative Update • Jun 06

LIN: Pricing Power And Capital Returns Will Support Fairly Valued Helium And Hydrogen Exposure

Linde's analyst price target has been raised by around $4 to $545, with analysts pointing to updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E as support for the move. Analyst Commentary Recent Street research around Linde has centered on a series of price target revisions and one rating upgrade, giving you a clearer sense of how professionals are thinking about valuation, execution risk, and growth opportunities.
CE
US$49.08
Celanese
7D
-11.2%
1Y
-13.8%
Narrative Update • Jun 06

CE: Asia Footprint Optimization And Carbon Capture Partnership Will Support Future Upside

Analysts have lifted their fair value estimate for Celanese from $41.00 to $64.00, citing updated assumptions around revenue growth, discount rate, profit margin and future P/E that they believe better reflect the company’s outlook. What's in the News Celanese plans to close its Engineered Materials compounding facility in Ulsan, South Korea, and shift production to existing plants in Nanjing and Shenzhen, China, and Silvassa, India, as part of an effort to optimize its Asia production network and support its "Grow & Fortify" strategy.
ICL
US$5.59
ICL Group
7D
-13.7%
1Y
-17.1%
SHW
US$299.55
Sherwin-Williams
7D
1.6%
1Y
-16.3%
FTK
US$23.55
Flotek Industries
7D
15.7%
1Y
50.9%
Narrative Update • Jun 04

FTK: 2026 Revenue Guidance And Revised Assumptions Shape Balanced Outlook

Analysts have raised their price target on Flotek Industries from $22.00 to $25.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E, which collectively point to a higher estimated worth for the stock. What's in the News Flotek Industries issued earnings guidance for 2026, with expected total revenue in a range of US$270 million to US$290 million.
LYB
US$64.43
LyondellBasell Industries
7D
-4.0%
1Y
10.2%
Narrative Update • Jun 02

LYB: Tight Polyethylene Supply And Buybacks Are Expected To ReRate Shares

Analysts have lifted the fair value estimate for LyondellBasell Industries to $98 from $90 as recent upgrades and higher price targets point to support from tight polyethylene supply, elevated polyethylene prices, and expectations for stronger margins in the chemicals group. Analyst Commentary Recent Street research around LyondellBasell has tilted more constructive as bullish analysts highlight tighter polyethylene supply, higher pricing, and the potential for stronger margins in the chemicals group.
PPG
US$112.88
PPG Industries
7D
0.7%
1Y
-0.5%
Narrative Update • Jun 02

PPG: Coatings Strength And Buybacks Will Offset Mixed Earnings Expectations

PPG Industries' analyst price target has been adjusted slightly, with a change of about $0.15 as analysts balance recent target increases and cuts, along with updated assumptions for revenue, profit margins and future P/E expectations. Analyst Commentary Recent Street research on PPG Industries shows a mix of optimism and caution as firms fine tune their price targets and ratings, reflecting different views on valuation, execution and growth prospects.
CTVA
US$75.86
Corteva
7D
-2.3%
1Y
5.3%
Narrative Update • May 31

CTVA: SpinCo Separation And Biofungicide Collaboration Will Reshape Future Earnings Mix

The analyst price target for Corteva is updated to $89.90 from $86.05 as analysts note that the market is treating "New Corteva" like a no-growth commodity chemical company. They instead highlight expectations for a healthier standalone growth profile, modestly higher profit margins, and a slightly lower assumed future P/E multiple.
BCPC
US$158.69
Balchem
7D
1.5%
1Y
-5.6%