Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Chemicals Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies128
  • 7D0.5%
  • 3M2.0%
  • 1Y3.5%
  • YTD13.4%

Last week, the Chemicals industry hasn't moved much but Linde is up 4.0% in that time. The past year has been better, since the industry has gained 3.5% in that time. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Jun 2026US$804.6bUS$360.7bUS$11.6b27.1x69.2x2.2x
Fri, 08 May 2026US$850.9bUS$358.6bUS$10.8b28.1x78.8x2.4x
Sun, 05 Apr 2026US$838.6bUS$357.0bUS$7.3b29.2x114.4x2.3x
Tue, 03 Mar 2026US$845.3bUS$356.9bUS$7.3b24x116.2x2.4x
Thu, 29 Jan 2026US$788.6bUS$372.1bUS$11.3b25.8x69.7x2.1x
Sat, 27 Dec 2025US$725.0bUS$371.7bUS$11.0b23.9x65.9x2x
Mon, 24 Nov 2025US$707.9bUS$371.7bUS$11.0b22.2x64.4x1.9x
Wed, 22 Oct 2025US$750.2bUS$367.8bUS$15.6b25.8x48.2x2x
Fri, 19 Sep 2025US$781.9bUS$367.7bUS$15.5b27.2x50.3x2.1x
Sun, 17 Aug 2025US$788.5bUS$367.8bUS$15.7b25.1x50.3x2.1x
Tue, 15 Jul 2025US$799.4bUS$376.6bUS$17.9b23.7x44.6x2.1x
Thu, 12 Jun 2025US$793.2bUS$378.4bUS$18.1b22.7x43.7x2.1x
Sat, 10 May 2025US$754.1bUS$378.5bUS$17.2b21.5x43.8x2x
Mon, 07 Apr 2025US$711.9bUS$380.9bUS$23.0b17.3x31x1.9x
Wed, 05 Mar 2025US$803.3bUS$380.6bUS$23.0b21.8x34.9x2.1x
Fri, 31 Jan 2025US$824.6bUS$384.2bUS$23.4b23.5x35.2x2.1x
Sun, 29 Dec 2024US$787.8bUS$384.3bUS$23.4b20.4x33.6x2x
Tue, 26 Nov 2024US$862.5bUS$384.3bUS$23.5b23.3x36.8x2.2x
Thu, 24 Oct 2024US$890.2bUS$388.6bUS$24.3b26.1x36.7x2.3x
Sat, 21 Sep 2024US$873.2bUS$383.8bUS$23.4b25.3x37.2x2.3x
Mon, 19 Aug 2024US$840.5bUS$384.5bUS$23.8b25.4x35.3x2.2x
Wed, 17 Jul 2024US$818.5bUS$379.9bUS$23.4b27.7x34.9x2.2x
Fri, 14 Jun 2024US$819.6bUS$377.3bUS$23.4b26.7x35x2.2x
Sun, 12 May 2024US$831.8bUS$377.4bUS$23.5b22.7x35.4x2.2x
Tue, 09 Apr 2024US$842.5bUS$384.6bUS$25.6b22x32.9x2.2x
Thu, 07 Mar 2024US$817.8bUS$384.4bUS$25.4b20.1x32.2x2.1x
Sat, 03 Feb 2024US$788.7bUS$397.0bUS$31.0b21.1x25.5x2x
Mon, 01 Jan 2024US$810.5bUS$397.9bUS$31.5b21.7x25.7x2x
Wed, 29 Nov 2023US$765.0bUS$398.8bUS$31.6b19.1x24.2x1.9x
Fri, 27 Oct 2023US$714.6bUS$407.8bUS$31.1b15.1x23x1.8x
Sun, 24 Sep 2023US$749.3bUS$412.0bUS$31.2b16.5x24x1.8x
Tue, 22 Aug 2023US$773.4bUS$412.0bUS$31.2b15.2x24.8x1.9x
Thu, 20 Jul 2023US$827.1bUS$444.3bUS$39.1b14.3x21.2x1.9x
Sat, 17 Jun 2023US$801.5bUS$444.6bUS$39.1b12.9x20.5x1.8x
Price to Earnings Ratio

20.5x


Total Market Cap: US$801.5bTotal 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 69.2x 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-3.33%
Materials-4.26%
Chemicals0.54%
Industrial Gases3.40%
Specialty Chemicals0.76%
Diversified Chemicals-4.51%
Commodity Chemicals-4.56%
Fertilizers and Agricultural Chemicals-4.74%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 26.4x.
    • 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 75% 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$515.594.0%
+US$9.1b		8.4%PE33.7x
SHW Sherwin-WilliamsUS$310.556.0%
+US$4.3b		-13.9%PE29.3x
ECL EcolabUS$264.443.2%
+US$2.3b		-1.8%PE35.3x
APD Air Products and ChemicalsUS$282.981.3%
+US$821.7m		0.4%PE29.8x
IFF International Flavors & FragrancesUS$75.783.5%
+US$648.5m		-4.5%PE23.4x

Latest News

LYB
US$63.64
LyondellBasell Industries
7D
-5.5%
1Y
5.1%
ECL
US$264.44
Ecolab
7D
3.2%
1Y
-1.8%
NEU
US$822.17
NewMarket
7D
4.8%
1Y
24.4%
IFF
US$75.78
International Flavors & Fragrances
7D
3.5%
1Y
-4.5%
CF
US$108.58
CF Industries Holdings
7D
-4.3%
1Y
17.9%
AXTA
US$32.85
Axalta Coating Systems
7D
8.1%
1Y
5.8%
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$152.79
Albemarle
7D
-11.0%
1Y
138.0%
SQM
US$75.66
Sociedad Química y Minera de Chile
7D
-6.4%
1Y
122.0%
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$515.59
Linde
7D
4.0%
1Y
8.4%
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.
ICL
US$5.59
ICL Group
7D
-10.0%
1Y
-16.2%
SHW
US$310.55
Sherwin-Williams
7D
6.0%
1Y
-13.9%
APD
US$282.98
Air Products and Chemicals
7D
1.3%
1Y
0.4%
Narrative Update • Jun 04

APD: Conflict Driven Chemical Pricing And Easing Helium Constraints Will Support Upside

Air Products and Chemicals' updated analyst price target has moved higher by several recent increments, with multiple banks lifting their targets by $2 to $51, as analysts highlight improving pricing power in key chemical chains, easing helium supply pressures, and a more supportive near term outlook for the stock. Analyst Commentary Recent research on Air Products and Chemicals has turned more constructive, with several firms lifting price targets and a few also upgrading their views on the stock.
DOW
US$33.22
Dow
7D
-4.3%
1Y
8.2%
Seeking Alpha • Jun 03

Dow: Full EPS Recovery Remains Uncertain

Summary Dow Inc. maintains a Hold rating as the FQ1 earnings report reveals a mixed outlook for fundamentals. DOW's FQ1 2026 earnings showed narrower-than-expected losses and sequential volume growth in Packaging & Specialty Plastics. But profit outlook remains uncertain due to volatile feedstock costs and geopolitical risks. The dividend was cut 50% recently, providing improved clarity, a still-attractive 4%+ yield, and now well-covered by EPS forecasts. Read the full article on Seeking Alpha
PPG
US$116.36
PPG Industries
7D
2.4%
1Y
1.1%
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$75.01
Corteva
7D
-3.3%
1Y
4.8%
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.
SOLS
US$80.28
Solstice Advanced Materials
7D
-8.1%
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