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U.S. Chemicals Industry Analysis

UpdatedMay 14, 2026
DataAggregated Company Financials
Companies128
  • 7D-0.09%
  • 3M2.2%
  • 1Y11.9%
  • YTD17.1%

Over the last 7 days, the Chemicals industry has remained flat, although notably Sherwin-Williams declined by 5.3%. As for the the longer term, the industry is up 12% over the past 12 months. 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
Fri, 15 May 2026US$847.6bUS$359.7bUS$11.4b23.9x74.3x2.4x
Sun, 12 Apr 2026US$846.2bUS$357.2bUS$7.3b29.5x116.6x2.4x
Tue, 10 Mar 2026US$804.1bUS$357.1bUS$7.6b25.6x105.6x2.3x
Thu, 05 Feb 2026US$805.8bUS$371.2bUS$9.2b26x87.7x2.2x
Sat, 03 Jan 2026US$723.1bUS$371.7bUS$11.0b23.7x65.7x1.9x
Mon, 01 Dec 2025US$725.4bUS$371.7bUS$11.0b23x66.1x2x
Wed, 29 Oct 2025US$756.8bUS$370.8bUS$16.0b26.4x47.3x2x
Fri, 26 Sep 2025US$767.9bUS$367.7bUS$15.5b25.8x49.4x2.1x
Sun, 24 Aug 2025US$807.5bUS$367.6bUS$15.5b26.9x52x2.2x
Tue, 22 Jul 2025US$792.2bUS$376.6bUS$18.0b22.7x44.1x2.1x
Thu, 19 Jun 2025US$766.5bUS$378.4bUS$18.1b21.4x42.3x2x
Sat, 17 May 2025US$767.6bUS$378.5bUS$17.2b23.2x44.7x2x
Mon, 14 Apr 2025US$720.3bUS$380.8bUS$23.0b18.2x31.3x1.9x
Wed, 12 Mar 2025US$800.3bUS$379.3bUS$22.8b21x35x2.1x
Fri, 07 Feb 2025US$823.4bUS$382.4bUS$22.5b22x36.7x2.2x
Sun, 05 Jan 2025US$771.8bUS$384.3bUS$23.4b19.9x32.9x2x
Tue, 03 Dec 2024US$869.3bUS$384.3bUS$23.4b23.3x37.1x2.3x
Thu, 31 Oct 2024US$871.3bUS$386.4bUS$24.5b25.2x35.6x2.3x
Sat, 28 Sep 2024US$894.3bUS$383.8bUS$23.5b26x38.1x2.3x
Mon, 26 Aug 2024US$857.5bUS$383.8bUS$23.4b25.6x36.6x2.2x
Wed, 24 Jul 2024US$825.3bUS$379.9bUS$23.5b27.7x35.2x2.2x
Fri, 21 Jun 2024US$813.3bUS$377.3bUS$23.4b25.4x34.7x2.2x
Sun, 19 May 2024US$832.8bUS$377.3bUS$23.4b26.3x35.5x2.2x
Tue, 16 Apr 2024US$813.6bUS$384.6bUS$25.6b21x31.8x2.1x
Thu, 14 Mar 2024US$841.0bUS$384.6bUS$25.4b21.4x33.1x2.2x
Sat, 10 Feb 2024US$776.7bUS$388.5bUS$31.5b20.3x24.7x2x
Mon, 08 Jan 2024US$803.3bUS$398.8bUS$31.9b20.8x25.2x2x
Wed, 06 Dec 2023US$771.6bUS$398.4bUS$31.6b19.7x24.4x1.9x
Fri, 03 Nov 2023US$718.2bUS$402.0bUS$29.4b15.9x24.4x1.8x
Sun, 01 Oct 2023US$750.7bUS$411.9bUS$31.2b15.8x24.1x1.8x
Tue, 29 Aug 2023US$775.0bUS$412.0bUS$31.2b15.2x24.8x1.9x
Thu, 27 Jul 2023US$839.5bUS$440.4bUS$38.1b14.2x22.1x1.9x
Sat, 24 Jun 2023US$782.6bUS$444.6bUS$39.1b13.1x20x1.8x
Mon, 22 May 2023US$780.3bUS$444.6bUS$39.1b12.8x20x1.8x
Price to Earnings Ratio

20x


Total Market Cap: US$780.3bTotal Earnings: US$39.1bTotal Revenue: US$444.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 48x202420252026
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 74.3x which is higher than its 3-year average PE of 47.9x.
  • 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 34% per year over the last three years,
  • Revenues have also declined 6.8% 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 Market0.55%
Materials0.42%
Chemicals-0.092%
Fertilizers and Agricultural Chemicals3.29%
Industrial Gases2.21%
Commodity Chemicals-0.77%
Diversified Chemicals-2.01%
Specialty Chemicals-2.55%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 23.8x.
    • Analysts are expecting annual earnings growth of 15.4%, 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 69% over the next 5 years.
  • In contrast, the Industrial Gases industry is expected to see its earnings grow by 9.9% 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$511.653.6%
+US$8.2b		12.6%PE33.4x
CTVA CortevaUS$83.305.3%
+US$2.8b		22.0%PE44.5x
SOLS Solstice Advanced MaterialsUS$86.8111.6%
+US$1.4b		n/aPE73.3x
APD Air Products and ChemicalsUS$299.871.7%
+US$1.1b		9.3%PE31.6x
DOW DowUS$38.783.9%
+US$1.1b		29.7%PS0.7x

Latest News

ICL
US$6.57
ICL Group
7D
9.5%
1Y
-3.1%
IFF
US$76.09
International Flavors & Fragrances
7D
-2.8%
1Y
-0.05%
CTVA
US$83.30
Corteva
7D
5.3%
1Y
22.0%
Analysis Article • 11h

Corteva's (NYSE:CTVA) Performance Is Even Better Than Its Earnings Suggest

Even though Corteva, Inc.'s ( NYSE:CTVA ) recent earnings release was robust, the market didn't seem to notice...
PRM
US$34.00
Perimeter Solutions
7D
15.8%
1Y
184.0%
SOLS
US$86.81
Solstice Advanced Materials
7D
11.6%
1Y
n/a
Analysis Article • May 13

Some Investors May Be Willing To Look Past Solstice Advanced Materials' (NASDAQ:SOLS) Soft Earnings

The market for Solstice Advanced Materials, Inc.'s ( NASDAQ:SOLS ) shares didn't move much after it posted weak...
LIN
US$511.65
Linde
7D
3.6%
1Y
12.6%
Narrative Update • May 13

LIN: Pricing Power And Capital Returns Will Shape Fairly Valued Helium Exposure

Linde's analyst fair value estimate has moved from $525.49 to $540.61 as analysts factor in updated assumptions around revenue growth, profit margins, and P/E expectations, reflected in a series of recent price target increases from several banks. Analyst Commentary Recent research shows a cluster of higher price targets and one rating upgrade, which together help explain the modest rise in the consolidated fair value estimate for Linde.
APD
US$299.87
Air Products and Chemicals
7D
1.7%
1Y
9.3%
ALB
US$191.10
Albemarle
7D
-3.7%
1Y
216.8%
DOW
US$38.78
Dow
7D
3.9%
1Y
29.7%
Seeking Alpha • May 12

Dow: Iran Benefits Justify The Rally But Are Priced In

Summary Dow is retained as a 'Hold' as Middle East supply disruptions have rapidly shifted the chemical sector outlook from bearish to bullish but are reflected in valuation. Q2 is expected to see revenue reach $12 billion and EBITDA more than double to $2 billion, with further upside if disruptions persist. Cost cuts, improved operating efficiency, and a strong U.S. footprint position DOW to benefit from elevated pricing and supply chain shifts. With a 3.7% dividend yield, a secure payout, and at least a $2 billion run rate of free cash flow, DOW's rally is justified despite cyclicality concerns. Read the full article on Seeking Alpha
PPG
US$105.92
PPG Industries
7D
-2.8%
1Y
-6.3%
Narrative Update • May 12

PPG: Coatings Expansion And Buybacks Will Support Future Earnings Delivery

Analysts now estimate PPG Industries' fair value at approximately $122.90, up slightly from roughly $122.10, as recent price target revisions across firms reflect updated views on revenue growth, profit margins and P/E assumptions. Analyst Commentary Recent Street research on PPG Industries shows a mix of higher and lower price targets, along with at least one downgrade, which together help explain why fair value estimates are clustered close to the current consensus level.
ECL
US$248.88
Ecolab
7D
-3.0%
1Y
-2.7%
SHW
US$309.18
Sherwin-Williams
7D
-3.4%
1Y
-14.5%
SQM
US$86.80
Sociedad Química y Minera de Chile
7D
-5.2%
1Y
147.4%
WLK
US$91.53
Westlake
7D
-6.0%
1Y
10.6%
DD
US$50.60
DuPont de Nemours
7D
4.6%
1Y
-25.8%
Narrative Update • May 07

DD: PFAS Legal Overhang Will Set Up Future Buyback And Guidance Upside

Analysts have slightly adjusted their 12 month price target for DuPont de Nemours to about $63.81 from $64.00. This reflects updated assumptions for revenue growth, profit margins and future P/E expectations.
RPM
US$98.39
RPM International
7D
-3.0%
1Y
-14.0%
Narrative Update • May 07

RPM: Cost Actions And Operating Leverage Will Shape Earnings Execution Risk

RPM International's updated analyst price target remains at $115, with recent Street research showing both upward and downward revisions as analysts weigh slightly higher projected revenue growth and profit margins against modest adjustments in the discount rate and future P/E assumptions. Analyst Commentary Recent research on RPM International highlights a mixed backdrop, with some firms lifting targets while others trim their expectations or keep them unchanged.