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U.S. Chemicals Industry Analysis

UpdatedMar 12, 2026
DataAggregated Company Financials
Companies129
  • 7D-2.8%
  • 3M13.3%
  • 1Y3.1%
  • YTD10.8%

Over the last 7 days, the Chemicals industry has dropped 2.8%, driven by Linde declining 3.5%. Meanwhile, CF Industries Holdings actually outperformed within the industry, gaining 15% in the last week. In the past year, the industry has gained 3.1%. Looking forward, 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
Thu, 12 Mar 2026US$802.5bUS$357.1bUS$7.4b28.8x108.1x2.2x
Sat, 07 Feb 2026US$804.4bUS$371.5bUS$7.3b25.4x110.8x2.2x
Mon, 05 Jan 2026US$730.0bUS$371.7bUS$11.0b23.7x66.3x2x
Wed, 03 Dec 2025US$720.4bUS$371.7bUS$11.0b22.8x65.6x1.9x
Fri, 31 Oct 2025US$737.8bUS$370.8bUS$15.3b25.3x48.3x2x
Sun, 28 Sep 2025US$764.6bUS$367.7bUS$15.5b25.9x49.2x2.1x
Tue, 26 Aug 2025US$802.4bUS$367.6bUS$15.5b27.1x51.6x2.2x
Thu, 24 Jul 2025US$803.1bUS$376.6bUS$17.8b24x45.1x2.1x
Sat, 21 Jun 2025US$763.8bUS$378.4bUS$18.1b21.4x42.1x2x
Mon, 19 May 2025US$775.3bUS$378.5bUS$17.2b23.2x45.2x2x
Wed, 16 Apr 2025US$729.4bUS$380.8bUS$23.0b17.7x31.7x1.9x
Fri, 14 Mar 2025US$779.8bUS$379.3bUS$22.8b21x34.1x2.1x
Sun, 09 Feb 2025US$812.6bUS$382.4bUS$22.7b21x35.9x2.1x
Tue, 07 Jan 2025US$771.8bUS$384.3bUS$23.4b19.9x32.9x2x
Thu, 05 Dec 2024US$866.2bUS$384.3bUS$23.4b23x37x2.3x
Sat, 02 Nov 2024US$855.7bUS$386.7bUS$24.5b24.4x34.9x2.2x
Mon, 30 Sep 2024US$895.1bUS$383.8bUS$23.4b26x38.2x2.3x
Wed, 28 Aug 2024US$860.4bUS$383.8bUS$23.4b25.4x36.7x2.2x
Fri, 26 Jul 2024US$821.8bUS$379.9bUS$23.6b27.4x34.9x2.2x
Sun, 23 Jun 2024US$811.5bUS$377.3bUS$23.4b25.8x34.6x2.2x
Tue, 21 May 2024US$832.8bUS$377.3bUS$23.4b26.2x35.5x2.2x
Thu, 18 Apr 2024US$803.2bUS$384.6bUS$25.6b20.6x31.4x2.1x
Sat, 16 Mar 2024US$838.5bUS$384.6bUS$25.4b20x33x2.2x
Mon, 12 Feb 2024US$776.7bUS$388.6bUS$31.5b20.3x24.7x2x
Wed, 10 Jan 2024US$163.6tUS$398.8bUS$31.9b20.5x5128.7x410.2x
Fri, 08 Dec 2023US$762.9bUS$398.4bUS$31.6b20x24.1x1.9x
Sun, 05 Nov 2023US$744.7bUS$401.7bUS$29.4b16.2x25.3x1.9x
Tue, 03 Oct 2023US$750.7bUS$411.9bUS$31.2b15.8x24.1x1.8x
Thu, 31 Aug 2023US$794.0bUS$412.0bUS$31.2b16.4x25.4x1.9x
Sat, 29 Jul 2023US$833.0bUS$438.0bUS$37.7b14.5x22.1x1.9x
Mon, 26 Jun 2023US$782.6bUS$444.6bUS$39.1b13.1x20x1.8x
Wed, 24 May 2023US$766.3bUS$444.6bUS$39.1b12.8x19.6x1.7x
Fri, 21 Apr 2023US$807.0bUS$452.1bUS$42.7b12.8x18.9x1.8x
Sun, 19 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 108x 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-1.47%
Materials-4.32%
Chemicals-2.85%
Fertilizers and Agricultural Chemicals5.12%
Commodity Chemicals3.10%
Industrial Gases-2.53%
Diversified Chemicals-4.64%
Specialty Chemicals-5.95%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 19.5x.
    • Analysts are expecting annual earnings growth of 12.2%, 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 12% 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$120.1314.7%
+US$2.4b		54.6%PE12.7x
LYB LyondellBasell IndustriesUS$67.378.8%
+US$1.8b		-6.7%PS0.7x
SQM Sociedad Química y Minera de ChileUS$77.848.1%
+US$1.7b		88.4%PE37.8x
DOW DowUS$34.376.3%
+US$1.5b		-3.9%PS0.6x
MOS MosaicUS$29.1512.1%
+US$997.0m		18.1%PE17.1x

Latest News

LIN
US$481.55
Linde
7D
-3.5%
1Y
6.7%
CF
US$120.13
CF Industries Holdings
7D
14.7%
1Y
54.6%
PPG
US$104.08
PPG Industries
7D
-11.6%
1Y
-6.2%
ICL
US$5.22
ICL Group
7D
6.5%
1Y
-15.8%
ECL
US$277.00
Ecolab
7D
-7.0%
1Y
8.6%
RPM
US$101.53
RPM International
7D
-6.7%
1Y
-12.9%

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$322.74
Sherwin-Williams
7D
-7.2%
1Y
-7.7%

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$67.37
LyondellBasell Industries
7D
8.8%
1Y
-6.7%
DD
US$45.99
DuPont de Nemours
7D
-4.3%
1Y
-39.1%

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$68.72
International Flavors & Fragrances
7D
-12.1%
1Y
-13.6%
SQM
US$77.84
Sociedad Química y Minera de Chile
7D
8.1%
1Y
88.4%
MOS
US$29.15
Mosaic
7D
12.1%
1Y
18.1%
DOW
US$34.37
Dow
7D
6.3%
1Y
-3.9%
EMN
US$67.72
Eastman Chemical
7D
-7.8%
1Y
-26.7%

EMN: Modest Upside As Oversupply And Deindustrialization Restrain Earnings Recovery Potential

Analysts have lifted their average price targets on Eastman Chemical by a mid single digit dollar range, with moves such as Evercore ISI taking its target to $75 from $70, as they factor in slightly different views on long term growth, profitability and valuation multiples, reflected in modest adjustments to revenue growth, profit margin, discount rate and future P/E assumptions. Analyst Commentary While several firms have nudged price targets higher on Eastman Chemical, there is also a thread of caution running through recent research that is worth keeping in mind when you think about risk and reward.
CTVA
US$78.63
Corteva
7D
0.8%
1Y
33.3%
APD
US$277.69
Air Products and Chemicals
7D
1.3%
1Y
-5.8%

APD: Backlog Execution And Hydrogen Projects Will Shape Balanced Turnaround Outlook

Analysts have lifted their price targets on Air Products and Chemicals by a few dollars, reflecting updated fair value estimates around $302 and a slightly lower discount rate as they factor in company specific project execution, as well as a modestly higher assumed future P/E of about 23.8x. Analyst Commentary Recent Street research on Air Products and Chemicals shows a cluster of higher price targets and at least one rating upgrade, with analysts focusing on how the project backlog, management execution and valuation assumptions fit together.