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U.S. Chemicals Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies131
  • 7D0.4%
  • 3M19.3%
  • 1Y3.9%
  • YTD15.3%

The Chemicals is pretty flat in the last 7 days, but Linde has stood out, gaining 3.2%. As for the the longer term, the industry is up 3.9% over the past 12 months. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Thu, 08 Jun 2023US$781.6bUS$444.6bUS$39.1b13.3x20x1.8x
Sat, 06 May 2023US$785.7bUS$443.8bUS$39.6b13.1x19.8x1.8x
Mon, 03 Apr 2023US$802.1bUS$452.0bUS$42.6b12.7x18.8x1.8x
Wed, 01 Mar 2023US$817.9bUS$450.6bUS$40.0b12.9x20.4x1.8x
Price to Earnings Ratio

20.4x


Total Market Cap: US$817.9bTotal Earnings: US$40.0bTotal Revenue: US$450.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 41.4x202420252026
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 101x which is higher than its 3-year average PE of 41.4x.
  • The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 41% per year over the last three years,
  • Revenues have also declined 7.3% 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 Market1.04%
Materials0.30%
Chemicals0.38%
Industrial Gases2.64%
Fertilizers and Agricultural Chemicals0.86%
Specialty Chemicals-0.51%
Diversified Chemicals-3.13%
Commodity Chemicals-4.19%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry, which is trading close to its 3-year average PE ratio of 61.2x.
    • Analysts are expecting annual earnings growth of 20.8%, which is higher than its past year's earnings decline of 3.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 79% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Fertilizers and Agricultural Chemicals 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$496.513.2%
+US$7.2b		8.4%PE33.6x
ECL EcolabUS$304.161.7%
+US$1.4b		14.9%PE41.5x
CTVA CortevaUS$76.311.7%
+US$860.8m		21.6%PE43x
ESI Element SolutionsUS$35.449.5%
+US$801.3m		33.7%PE45.2x
CF CF Industries HoldingsUS$97.182.7%
+US$393.1m		24.7%PE10.4x

Latest News

SOLS
US$80.05
Solstice Advanced Materials
7D
2.3%
1Y
n/a
ESI
US$35.44
Element Solutions
7D
9.5%
1Y
33.7%
CF
US$97.18
CF Industries Holdings
7D
2.7%
1Y
24.7%
SHW
US$360.63
Sherwin-Williams
7D
-2.2%
1Y
4.7%
WLK
US$94.40
Westlake
7D
-5.7%
1Y
-14.0%
PPG
US$126.53
PPG Industries
7D
-3.7%
1Y
10.2%
ICL
US$5.43
ICL Group
7D
-5.2%
1Y
-12.0%
ECL
US$304.16
Ecolab
7D
1.7%
1Y
14.9%
CC
US$17.04
Chemours
7D
-17.0%
1Y
1.7%
IFF
US$81.39
International Flavors & Fragrances
7D
-1.9%
1Y
1.9%

IFF: 2026 Outlook Balances Demand Recovery With Early Automation And Macro Uncertainty

Analysts lifted their blended price target for International Flavors & Fragrances to $90.47 from $82.37, citing higher modeled revenue growth, slightly stronger profit margins, a modestly lower discount rate, and updated post-earnings forecasts that include new target ranges from firms such as Deutsche Bank at $95, Mizuho at $92, and BofA at $100. Analyst Commentary Recent research reports cluster around a more constructive view on International Flavors & Fragrances, with several firms lifting their price targets and updating models following the latest earnings and guidance.
CE
US$54.11
Celanese
7D
-8.1%
1Y
2.6%
DOW
US$30.52
Dow
7D
-6.1%
1Y
-22.8%

DOW: Improving Industry Setup And Buybacks Will Support Higher Future Earnings Multiple

Analysts have trimmed their fair value estimate for Dow to about $38.39 from $41.52, reflecting updated views on discount rates, revenue growth, profit margins, and a lower assumed future P/E, even as recent Street research has generally moved official price targets higher by $1 to $5. Analyst Commentary Recent Street research on Dow has tilted constructive, with several bullish analysts lifting their price targets in quick succession.
SQM
US$71.86
Sociedad Química y Minera de Chile
7D
1.3%
1Y
81.1%

SQM: Rising Lithium Optimism Will Face Persistent Execution And Earnings Visibility Risks

Analysts have adjusted their price targets on Sociedad Química y Minera de Chile toward $88 to $90, supported by more constructive lithium pricing assumptions, slightly higher modeled revenue growth and profit margins, and a modestly lower future P/E, even as at least one firm has turned more cautious on the shares. Analyst Commentary Recent Street research on Sociedad Química y Minera de Chile highlights a mix of optimism on lithium pricing and demand alongside a more cautious tone from some Bearish analysts.
APD
US$281.18
Air Products and Chemicals
7D
0.5%
1Y
-9.3%

APD: Backlog Execution And NASA Hydrogen Wins Will Shape Turnaround Path

The analyst price target for Air Products and Chemicals has been raised by about $1 to approximately $302, as analysts incorporate higher published targets from multiple firms and modest adjustments to assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research on Air Products and Chemicals has centered on a series of upward price target revisions and one key rating change, providing a view into how analysts are framing valuation, execution risk, and growth potential.
CTVA
US$76.31
Corteva
7D
1.7%
1Y
21.6%
LIN
US$496.51
Linde
7D
3.2%
1Y
8.4%