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U.S. Chemicals Industry Analysis

UpdatedJun 03, 2026
DataAggregated Company Financials
Companies128
  • 7D-2.1%
  • 3M-1.3%
  • 1Y4.9%
  • YTD12.5%

Over the last 7 days, the Chemicals industry has dropped 2.1%, driven by Linde declining 3.7%. In the past year, the industry has gained 4.9%. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 03 Jun 2026US$814.2bUS$360.7bUS$11.6b28x70x2.3x
Fri, 01 May 2026US$837.6bUS$357.8bUS$6.7b26.8x124.1x2.3x
Sun, 29 Mar 2026US$826.3bUS$357.0bUS$7.5b27.4x110.1x2.3x
Tue, 24 Feb 2026US$841.7bUS$358.5bUS$8.4b25.8x100.6x2.3x
Thu, 22 Jan 2026US$763.4bUS$372.0bUS$11.0b23.6x69.3x2.1x
Sat, 20 Dec 2025US$718.3bUS$371.7bUS$11.0b23.9x65.4x1.9x
Mon, 17 Nov 2025US$712.3bUS$371.6bUS$11.0b22.9x64.8x1.9x
Wed, 15 Oct 2025US$741.6bUS$367.8bUS$15.6b25x47.7x2x
Fri, 12 Sep 2025US$781.1bUS$367.7bUS$15.5b26x50.4x2.1x
Sun, 10 Aug 2025US$766.5bUS$367.9bUS$15.7b24.8x48.9x2.1x
Tue, 08 Jul 2025US$805.6bUS$376.6bUS$17.9b23.1x44.9x2.1x
Thu, 05 Jun 2025US$776.8bUS$378.4bUS$18.0b23.1x43.1x2.1x
Sat, 03 May 2025US$753.1bUS$379.0bUS$19.2b19.5x39.3x2x
Mon, 31 Mar 2025US$773.7bUS$380.9bUS$23.0b19.4x33.6x2x
Wed, 26 Feb 2025US$810.9bUS$380.9bUS$23.4b21.9x34.6x2.1x
Fri, 24 Jan 2025US$822.2bUS$384.4bUS$23.4b22.8x35.1x2.1x
Sun, 22 Dec 2024US$790.2bUS$384.3bUS$23.4b20.4x33.7x2.1x
Tue, 19 Nov 2024US$841.3bUS$385.1bUS$23.8b23.3x35.3x2.2x
Thu, 17 Oct 2024US$904.0bUS$388.7bUS$24.2b26.7x37.4x2.3x
Sat, 14 Sep 2024US$853.7bUS$383.8bUS$23.4b25.6x36.4x2.2x
Mon, 12 Aug 2024US$824.4bUS$384.5bUS$23.8b24.6x34.6x2.1x
Wed, 10 Jul 2024US$802.0bUS$379.9bUS$23.4b25.2x34.2x2.1x
Fri, 07 Jun 2024US$822.1bUS$377.3bUS$23.4b27.2x35.1x2.2x
Sun, 05 May 2024US$809.7bUS$378.3bUS$23.8b22.2x34.1x2.1x
Tue, 02 Apr 2024US$854.5bUS$384.6bUS$25.6b21.4x33.4x2.2x
Thu, 29 Feb 2024US$809.7bUS$384.6bUS$25.4b19.6x31.8x2.1x
Sat, 27 Jan 2024US$785.7bUS$398.6bUS$31.6b20.5x24.9x2x
Mon, 25 Dec 2023US$811.0bUS$398.4bUS$31.6b21.7x25.7x2x
Wed, 22 Nov 2023US$763.5bUS$398.8bUS$31.6b19.1x24.1x1.9x
Fri, 20 Oct 2023US$726.8bUS$412.0bUS$31.3b15.2x23.2x1.8x
Sun, 17 Sep 2023US$779.3bUS$412.0bUS$31.2b16.9x25x1.9x
Tue, 15 Aug 2023US$789.7bUS$412.0bUS$31.2b15.5x25.3x1.9x
Thu, 13 Jul 2023US$820.8bUS$444.3bUS$39.1b13.9x21x1.8x
Sat, 10 Jun 2023US$780.0bUS$444.6bUS$39.1b13x20x1.8x
Price to Earnings Ratio

20x


Total Market Cap: US$780.0bTotal Earnings: US$39.1bTotal Revenue: US$444.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 48.9x202420252026
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 48.9x.
  • 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 Market1.22%
Materials1.06%
Chemicals-2.05%
Diversified Chemicals0.63%
Specialty Chemicals-0.82%
Commodity Chemicals-1.10%
Fertilizers and Agricultural Chemicals-2.39%
Industrial Gases-3.67%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 25.8x.
    • Analysts are expecting annual earnings growth of 14.7%, 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 75% over the next 5 years.
  • In contrast, the Industrial Gases industry is expected to see its earnings grow by 9.8% 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
PPG PPG IndustriesUS$113.643.7%
+US$913.9m		2.0%PE16.1x
ECL EcolabUS$256.260.8%
+US$571.3m		-3.5%PE34.3x
SOLS Solstice Advanced MaterialsUS$87.393.2%
+US$436.7m		n/aPE73.8x
CE CelaneseUS$55.275.5%
+US$318.0m		2.8%PS0.6x
RPM RPM InternationalUS$105.122.2%
+US$283.3m		-8.5%PE20.2x

Latest News

SHW
US$293.00
Sherwin-Williams
7D
-5.9%
1Y
-18.1%
PPG
US$113.64
PPG Industries
7D
3.7%
1Y
2.0%
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.
ECL
US$256.26
Ecolab
7D
0.8%
1Y
-3.5%
Narrative Update • Jun 01

ECL: Structural Pricing And AI Data Center Expansion Will Drive Future Upside

Ecolab's updated analyst price target edges slightly lower to about $316 from roughly $319, as analysts factor in modestly softer revenue growth and a lower assumed future P/E multiple, partly offset by higher projected profit margins and continued confidence in pricing initiatives and portfolio mix. Analyst Commentary Recent research on Ecolab reflects a mix of optimism about pricing power and growth initiatives, alongside some caution on valuation and execution risk.
RPM
US$105.12
RPM International
7D
2.2%
1Y
-8.5%
LYB
US$67.31
LyondellBasell Industries
7D
-2.5%
1Y
20.8%
CTVA
US$77.57
Corteva
7D
-1.9%
1Y
9.0%
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.
CF
US$113.48
CF Industries Holdings
7D
-4.8%
1Y
22.9%
IFF
US$73.24
International Flavors & Fragrances
7D
-3.5%
1Y
-4.5%
APD
US$279.29
Air Products and Chemicals
7D
-3.6%
1Y
-1.4%
Seeking Alpha • May 29

Air Products and Chemicals: Hormuz Strait And CapEx Discipline In Focus (Rating Downgrade)

Summary Air Products and Chemicals shifts from a buy to a hold as return/risk profile normalizes. The rating adjustment is based on a few key changes both in terms of geopolitics and operating updates from its FQ2 earnings report. APD’s FQ2 2026 earnings beat expectations, but helium supply risks persist with the uncertainties in the Hormuz Strait. Valuation has become less attractive in the meantime: FWD P/E discount has narrowed to 10% below the 5-year average, and the dividend yield has compressed to 2.51%. On the positive side, CapEx discipline is taking hold, with CapEx more focused on core projects and efficiency improvements. Read the full article on Seeking Alpha
LIN
US$495.91
Linde
7D
-3.7%
1Y
5.1%
MOS
US$23.30
Mosaic
7D
3.0%
1Y
-36.9%
Seeking Alpha • May 27

Mosaic: A Buy On Recent Share Price Dip And Positive External Fundamentals (Rating Upgrade)

Summary Mosaic Company (MOS) is rated a buy as current fertilizer shortages and lower demand create a near-term buying opportunity ahead of expected market normalization. MOS faces several weak quarters potentially, due to reduced potash and phosphate demand, but I anticipate a rebound as fertilizer supplies recover and planting activity resumes. Despite a Q1 net loss of $258 million and ongoing profitability challenges, MOS maintains manageable debt and interest expenses, supporting long-term viability. The market now prices in MOS-specific risks, and I plan to add incrementally if shares decline further, banking on improved fundamentals post-crisis. Read the full article on Seeking Alpha
SOLS
US$87.39
Solstice Advanced Materials
7D
3.2%
1Y
n/a
Seeking Alpha • May 26

Solstice: Expectations Run Hot

Summary Solstice, a recent Honeywell spin-off, delivered robust Q1 results with 10% sales growth and strong performance in refrigerants and nuclear segments. Despite healthy fundamentals and nuclear growth prospects, Solstice trades at a stretched 30x earnings multiple after a >60% YTD rally. Capital spending is set to outpace depreciation, with $400–$425 million planned in 2024, reflecting aggressive investment in growth initiatives. I remain cautious on Solstice due to elevated valuation, rising corporate costs, and the risk that current enthusiasm, especially around nuclear, may be overextended. Read the full article on Seeking Alpha
EMN
US$76.67
Eastman Chemical
7D
3.1%
1Y
-4.7%
Seeking Alpha • May 26

Eastman Chemical: Riding The Cycles To Shareholder Returns

Summary Eastman Chemical Company stands out as the top-quality option in the cyclical chemical sector, offering resilient dividend growth. EMN's U.S.-based assets provide insulation from geopolitical disruptions, enabling stable operations and pricing power amid sector volatility. EMN maintains a conservative payout ratio, supporting dividend growth even as peers like DOW and LYB cut dividends during downturns. Trading at an 11x forward PE, EMN offers potential for 22% total returns by 2027, with disciplined capital allocation and valuation awareness key to long-term success. Read the full article on Seeking Alpha
ICL
US$6.21
ICL Group
7D
-5.5%
1Y
-6.1%
Analysis Article • May 20

Some May Be Optimistic About ICL Group's (NYSE:ICL) Earnings

Shareholders appeared unconcerned with ICL Group Ltd's ( NYSE:ICL ) lackluster earnings report last week. We did some...
CE
US$55.27
Celanese
7D
5.5%
1Y
2.8%
NEU
US$784.23
NewMarket
7D
2.9%
1Y
22.9%