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U.S. Chemicals Industry Analysis

UpdatedJul 24, 2026
DataAggregated Company Financials
Companies126
  • 7D-1.7%
  • 3M-4.5%
  • 1Y2.3%
  • YTD11.9%

Over the last 7 days, the Chemicals industry has dropped 1.7%, driven by declines in Sherwin-Williams and Linde of 8.2% and 2.8%, respectively. Over the last year, the industry has been flat overall. 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
Fri, 24 Jul 2026US$821.3bUS$360.7bUS$11.9b25.2x69x2.3x
Sun, 21 Jun 2026US$826.8bUS$360.7bUS$11.6b26.5x71.1x2.3x
Tue, 19 May 2026US$828.6bUS$360.0bUS$11.4b26.3x72.5x2.3x
Thu, 16 Apr 2026US$846.5bUS$357.2bUS$7.3b29.1x116.6x2.4x
Sat, 14 Mar 2026US$818.9bUS$357.1bUS$7.4b28.2x110.3x2.3x
Mon, 09 Feb 2026US$807.4bUS$371.5bUS$7.3b25.4x111.2x2.2x
Wed, 07 Jan 2026US$737.2bUS$371.9bUS$11.0b24.9x67x2x
Fri, 05 Dec 2025US$716.6bUS$371.7bUS$11.0b23x65.3x1.9x
Sun, 02 Nov 2025US$724.5bUS$370.0bUS$13.3b24.7x54.4x2x
Tue, 30 Sep 2025US$764.7bUS$367.7bUS$15.5b25.8x49.2x2.1x
Thu, 28 Aug 2025US$801.7bUS$367.6bUS$15.5b27x51.6x2.2x
Sat, 26 Jul 2025US$795.7bUS$376.7bUS$17.9b24x44.5x2.1x
Mon, 23 Jun 2025US$759.4bUS$378.4bUS$18.1b21.4x41.9x2x
Wed, 21 May 2025US$774.9bUS$378.5bUS$17.1b22.9x45.2x2x
Fri, 18 Apr 2025US$717.6bUS$380.8bUS$23.0b17.4x31.2x1.9x
Sun, 16 Mar 2025US$783.9bUS$379.3bUS$22.8b21.4x34.3x2.1x
Tue, 11 Feb 2025US$812.6bUS$382.4bUS$22.7b21x35.9x2.1x
Thu, 09 Jan 2025US$775.0bUS$384.4bUS$23.5b19.1x33x2x
Sat, 07 Dec 2024US$846.8bUS$384.3bUS$23.4b22.6x36.1x2.2x
Mon, 04 Nov 2024US$854.8bUS$386.7bUS$24.5b24.4x34.9x2.2x
Wed, 02 Oct 2024US$890.7bUS$381.8bUS$23.8b25.4x37.5x2.3x
Fri, 30 Aug 2024US$861.0bUS$383.8bUS$23.4b25.5x36.7x2.2x
Sun, 28 Jul 2024US$836.8bUS$379.4bUS$23.4b27.4x35.7x2.2x
Tue, 25 Jun 2024US$815.6bUS$377.3bUS$23.4b25.8x34.8x2.2x
Thu, 23 May 2024US$832.5bUS$377.3bUS$23.4b26x35.5x2.2x
Sat, 20 Apr 2024US$804.5bUS$384.6bUS$25.6b20.6x31.4x2.1x
Mon, 18 Mar 2024US$837.9bUS$384.6bUS$25.4b20x33x2.2x
Wed, 14 Feb 2024US$774.8bUS$388.9bUS$31.6b18.4x24.5x2x
Fri, 12 Jan 2024US$795.9bUS$398.8bUS$31.9b20.3x24.9x2x
Sun, 10 Dec 2023US$770.6bUS$398.4bUS$31.6b19.6x24.4x1.9x
Tue, 07 Nov 2023US$744.7bUS$401.7bUS$29.4b16.1x25.3x1.9x
Thu, 05 Oct 2023US$741.4bUS$412.0bUS$31.2b15.6x23.7x1.8x
Sat, 02 Sep 2023US$798.8bUS$412.0bUS$31.2b16.7x25.6x1.9x
Mon, 31 Jul 2023US$839.2bUS$438.0bUS$37.7b14.5x22.3x1.9x
Price to Earnings Ratio

22.3x


Total Market Cap: US$839.2bTotal Earnings: US$37.7bTotal Revenue: US$438.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 51.2x202420252026
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 69.0x which is higher than its 3-year average PE of 51.2x.
  • 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 32% per year over the last three years,
  • Revenues have also declined 6.3% 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-1.98%
Materials0.066%
Chemicals-1.69%
Diversified Chemicals8.62%
Commodity Chemicals3.43%
Fertilizers and Agricultural Chemicals3.19%
Industrial Gases-2.39%
Specialty Chemicals-3.40%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 30.5x.
    • Analysts are expecting annual earnings growth of 15.3%, 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 26% 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 2.2% 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
CTVA CortevaUS$88.782.5%
+US$1.4b		21.4%PE47.4x
LYB LyondellBasell IndustriesUS$61.726.8%
+US$1.3b		1.7%PS0.7x
CF CF Industries HoldingsUS$126.716.8%
+US$1.2b		35.5%PE11.1x
DOW DowUS$30.905.5%
+US$1.2b		23.3%PS0.6x
SQM Sociedad Química y Minera de ChileUS$69.324.5%
+US$854.1m		67.4%PE24.3x

Latest News

CTVA
US$88.78
Corteva
7D
2.5%
1Y
21.4%
APD
US$294.29
Air Products and Chemicals
7D
-1.0%
1Y
-1.0%
SHW
US$310.54
Sherwin-Williams
7D
-8.2%
1Y
-8.7%
SQM
US$69.32
Sociedad Química y Minera de Chile
7D
4.5%
1Y
67.4%
ALB
US$116.91
Albemarle
7D
-2.1%
1Y
38.9%
DOW
US$30.90
Dow
7D
5.5%
1Y
23.3%
ICL
US$5.30
ICL Group
7D
5.2%
1Y
-22.5%
CF
US$126.71
CF Industries Holdings
7D
6.8%
1Y
35.5%
Narrative Update • Jul 21

CF: Higher Nitrogen Prices And Dividend Increase Will Support Upside Potential

The updated analyst price target for CF Industries Holdings reflects a move from $126.38 to $167.58. Analysts cite refreshed models around Q2 earnings, shifts in fertilizer pricing, and evolving views on nitrogen and grain market dynamics as key drivers of their revised assumptions.
IFF
US$73.77
International Flavors & Fragrances
7D
-4.9%
1Y
-2.8%
PPG
US$113.75
PPG Industries
7D
-4.2%
1Y
-1.1%
LYB
US$61.72
LyondellBasell Industries
7D
6.8%
1Y
1.7%
Seeking Alpha • Jul 19

LyondellBasell: The Iran Conflict Has Interrupted The Evolution Process (Rating Upgrade)

Summary LyondellBasell is upgraded to Hold as market conditions shift from oversupply to mid-cycle due to Middle East disruptions. Recent supply shocks have doubled Q1 earnings and are expected to drive robust Q2 results, but profitability remains below historical mid-cycle levels. At current prices, LYB trades near fair mid-cycle valuation with only a 17% upside to modeled fair value, limiting further appreciation potential. Market recovery is fragile; a quick resolution to Middle East conflicts could rapidly restore oversupply, capping upside for LYB shareholders. Read the full article on Seeking Alpha
SOLS
US$60.88
Solstice Advanced Materials
7D
4.5%
1Y
n/a
DD
US$137.40
DuPont de Nemours
7D
2.3%
1Y
-38.8%
LIN
US$506.32
Linde
7D
-2.8%
1Y
7.4%
SMG
US$67.53
Scotts Miracle-Gro
7D
-8.1%
1Y
-1.2%
ECL
US$263.14
Ecolab
7D
-4.6%
1Y
-2.5%
Seeking Alpha • Jul 09

Ecolab: Data Center Growth Insufficient To Support 33x P/E Ratio

Summary Ecolab remains a hold as the current valuation of 33x forward earnings fully prices in near-term growth prospects. ECL's high-tech/data center vertical offers long-term potential, but current contributions are modest and could require substantial M&A capital deployment. Recent acquisitions like CoolIT Systems, at 8.6x forward revenues, are initially dilutive and highlight Ecolab's aggressive strategy to scale high-tech exposure. Organic growth in various Ecolab markets remains slow, making sustained EPS growth reliant on successful, accretive M&A execution. Read the full article on Seeking Alpha