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U.S. Chemicals Industry Analysis

UpdatedMar 13, 2026
DataAggregated Company Financials
Companies129
  • 7D0.2%
  • 3M14.2%
  • 1Y5.5%
  • YTD12.4%

Over the last 7 days, the Chemicals industry has remained flat, although notably CF Industries Holdings gained 23%. The past year has been better, since the industry has gained 5.5% in that time. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Mar 2026US$805.6bUS$357.1bUS$7.4b29x108.5x2.3x
Sun, 08 Feb 2026US$807.4bUS$371.5bUS$7.3b25.4x111.2x2.2x
Tue, 06 Jan 2026US$737.1bUS$371.7bUS$11.0b24x67x2x
Thu, 04 Dec 2025US$717.7bUS$371.7bUS$11.0b23x65.4x1.9x
Sat, 01 Nov 2025US$725.5bUS$370.8bUS$14.8b25.9x49x2x
Mon, 29 Sep 2025US$764.6bUS$367.7bUS$15.5b25.9x49.2x2.1x
Wed, 27 Aug 2025US$799.2bUS$367.6bUS$15.5b27x51.4x2.2x
Fri, 25 Jul 2025US$804.6bUS$376.6bUS$17.8b24.2x45.1x2.1x
Sun, 22 Jun 2025US$763.8bUS$378.4bUS$18.1b21.4x42.1x2x
Tue, 20 May 2025US$775.3bUS$378.5bUS$17.1b23.2x45.2x2x
Thu, 17 Apr 2025US$724.8bUS$380.8bUS$23.0b17.5x31.5x1.9x
Sat, 15 Mar 2025US$776.1bUS$379.3bUS$22.8b21.4x34x2x
Mon, 10 Feb 2025US$812.6bUS$382.4bUS$22.7b21x35.9x2.1x
Wed, 08 Jan 2025US$774.8bUS$384.4bUS$23.5b19.3x33x2x
Fri, 06 Dec 2024US$860.4bUS$384.3bUS$23.4b22.5x36.7x2.2x
Sun, 03 Nov 2024US$854.8bUS$386.7bUS$24.5b24.4x34.9x2.2x
Tue, 01 Oct 2024US$895.1bUS$383.8bUS$23.4b25.8x38.2x2.3x
Thu, 29 Aug 2024US$860.8bUS$383.8bUS$23.4b25.2x36.7x2.2x
Sat, 27 Jul 2024US$826.9bUS$379.4bUS$23.4b27.4x35.3x2.2x
Mon, 24 Jun 2024US$811.5bUS$377.3bUS$23.4b25.8x34.6x2.2x
Wed, 22 May 2024US$833.3bUS$377.3bUS$23.4b26.1x35.5x2.2x
Fri, 19 Apr 2024US$804.5bUS$384.6bUS$25.6b20.6x31.4x2.1x
Sun, 17 Mar 2024US$838.0bUS$384.6bUS$25.4b20x33x2.2x
Tue, 13 Feb 2024US$783.6bUS$388.6bUS$31.5b20.3x24.9x2x
Thu, 11 Jan 2024US$797.2bUS$398.8bUS$31.9b20.6x25x2x
Sat, 09 Dec 2023US$768.8bUS$398.4bUS$31.6b19.6x24.3x1.9x
Mon, 06 Nov 2023US$744.7bUS$401.7bUS$29.4b16.2x25.3x1.9x
Wed, 04 Oct 2023US$741.4bUS$411.9bUS$31.2b15.6x23.8x1.8x
Fri, 01 Sep 2023US$793.1bUS$412.0bUS$31.2b16.5x25.4x1.9x
Sun, 30 Jul 2023US$833.0bUS$438.0bUS$37.7b14.5x22.1x1.9x
Tue, 27 Jun 2023US$789.2bUS$444.6bUS$39.1b12.7x20.2x1.8x
Thu, 25 May 2023US$759.9bUS$444.6bUS$39.1b12.6x19.4x1.7x
Sat, 22 Apr 2023US$797.0bUS$452.2bUS$42.9b12.8x18.6x1.8x
Mon, 20 Mar 2023US$751.2bUS$452.2bUS$42.6b11.9x17.6x1.7x
Price to Earnings Ratio

17.6x


Total Market Cap: US$751.2bTotal Earnings: US$42.6bTotal Revenue: US$452.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 42.9x202420252026
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 109x which is higher than its 3-year average PE of 42.9x.
  • 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 44% per year over the last three years,
  • Revenues have also declined 7.6% 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-2.29%
Materials-2.72%
Chemicals0.18%
Fertilizers and Agricultural Chemicals9.59%
Commodity Chemicals7.63%
Diversified Chemicals4.61%
Industrial Gases1.12%
Specialty Chemicals-4.15%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 19.6x.
    • Analysts are expecting annual earnings growth of 13.3%, which is lower than the prior year's growth of 40.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 67% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 13% 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
CF CF Industries HoldingsUS$136.0022.8%
+US$3.9b		77.0%PE14.4x
APD Air Products and ChemicalsUS$290.485.1%
+US$3.1b		-0.8%PS5.3x
DOW DowUS$37.5811.4%
+US$2.8b		3.7%PS0.7x
LYB LyondellBasell IndustriesUS$74.3312.8%
+US$2.7b		2.4%PS0.8x
CTVA CortevaUS$79.754.1%
+US$2.1b		36.1%PE45x

Latest News

MOS
US$31.36
Mosaic
7D
19.3%
1Y
25.1%
APD
US$290.48
Air Products and Chemicals
7D
5.1%
1Y
-0.8%
CTVA
US$79.75
Corteva
7D
4.1%
1Y
36.1%

CTVA: Mixed Crop Protection Outlook And New SpinCo Plan Will Shape Risk Balance

The analyst price target for Corteva edges higher to $83.33 from $82.76, as analysts factor in slightly firmer long term revenue growth and profit margins, while balancing more cautious views on crop protection trends and a modestly lower discount rate. Analyst Commentary Recent research on Corteva reflects a split view, with several firms lifting price targets while others turn more cautious on execution in crop protection.
PPG
US$100.73
PPG Industries
7D
-10.0%
1Y
-9.5%

PPG: Rising Margin Confidence And Cash Returns Will Support Bullish Outlook

The analyst fair value estimate for PPG Industries edges up to $125.75 from $125.30, reflecting Street price target increases across several firms as analysts update their models on discount rates, long run margin assumptions, and future P/E expectations. Analyst Commentary Street research around PPG Industries has been active, with a cluster of firms updating their models and target prices.
ECL
US$275.89
Ecolab
7D
-3.8%
1Y
9.9%

ECL: Upward Sector Catalysts And Buybacks Will Support Elevated Execution Risk

The updated analyst price target for Ecolab reflects a modest recalibration in our model. The fair value estimate of $321.86 is supported by slightly higher revenue growth assumptions, a lower discount rate, and broadly consistent profit margin and future P/E inputs that align with a recent wave of upward price target revisions from multiple research firms.
CF
US$136.00
CF Industries Holdings
7D
22.8%
1Y
77.0%
WLK
US$114.22
Westlake
7D
8.3%
1Y
8.0%

WLK: Plant Closures And Charges Will Shape A Measured Forward Outlook

Analysts have raised their price target on Westlake from about $86 to about $110, reflecting updated views on fair value, discount rates, revenue growth, profit margins, and future P/E assumptions. What's in the News Chief Financial Officer M.
RPM
US$99.66
RPM International
7D
-5.0%
1Y
-13.7%

RPM: Cost Actions And Operating Leverage Will Support Earnings Through Temporary Headwinds

The analyst price target for RPM International is unchanged at $115, as analysts balance mixed recent price target revisions with slightly adjusted assumptions for discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research around RPM International reflects a mix of optimism on earnings power and a series of price target trims that point to execution and valuation questions.
SHW
US$317.70
Sherwin-Williams
7D
-5.3%
1Y
-7.1%

SHW: Mixed Rating Resets And Active Capital Returns Will Shape Future Pricing Power

The updated analyst price target for Sherwin-Williams reflects a modest fair value adjustment of about $1. Analysts are factoring in slightly lower discount rate and revenue growth assumptions, a small trim to expected profit margins, and a marginally higher future P/E multiple following recent earnings and mixed, but active, target revisions across the Street.
LYB
US$74.33
LyondellBasell Industries
7D
12.8%
1Y
2.4%
DD
US$45.34
DuPont de Nemours
7D
-3.0%
1Y
-39.5%

DD: Water Technology Expansion And 2026 Guidance Will Support Future Upside

Analysts have kept their $56.13 price target for DuPont de Nemours unchanged, citing largely steady assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. Together, these factors signal a consistent outlook on the stock's risk and return profile.
IFF
US$70.01
International Flavors & Fragrances
7D
-7.1%
1Y
-11.6%
SQM
US$75.67
Sociedad Química y Minera de Chile
7D
7.2%
1Y
79.9%
ESI
US$30.09
Element Solutions
7D
-9.1%
1Y
19.3%

ESI: Ongoing Share Repurchases Will Support Future Upside Potential

Analysts have maintained their $38.50 price target for Element Solutions, citing only very minor adjustments in assumptions for the discount rate, revenue growth, profit margin, and future P/E ratio as the basis for keeping their current view. What's in the News From October 1, 2025 to December 31, 2025, Element Solutions repurchased 250,202 shares for US$5.58 million, representing 0.1% of its shares.
DOW
US$37.58
Dow
7D
11.4%
1Y
3.7%
SOLS
US$72.08
Solstice Advanced Materials
7D
-6.0%
1Y
n/a