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U.S. Chemicals Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies132
  • 7D5.1%
  • 3M2.5%
  • 1Y0.6%
  • YTD5.1%

Linde is up 3.5%, leading the way for the Chemicals industry, which has gained 5.1%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026US$767.4bUS$372.0bUS$11.0b25.6x69.9x2.1x
Tue, 09 Dec 2025US$700.2bUS$371.7bUS$11.0b23.4x63.8x1.9x
Thu, 06 Nov 2025US$698.0bUS$369.7bUS$13.1b26x53.4x1.9x
Sat, 04 Oct 2025US$765.1bUS$367.8bUS$15.6b26.3x49.2x2.1x
Mon, 01 Sep 2025US$799.9bUS$367.6bUS$15.5b26.5x51.5x2.2x
Wed, 30 Jul 2025US$792.4bUS$376.1bUS$16.6b22.5x47.8x2.1x
Fri, 27 Jun 2025US$770.8bUS$378.4bUS$18.1b22.2x42.5x2x
Sun, 25 May 2025US$761.1bUS$378.5bUS$17.1b22.1x44.4x2x
Tue, 22 Apr 2025US$725.1bUS$380.8bUS$23.0b17.2x31.5x1.9x
Thu, 20 Mar 2025US$790.6bUS$380.9bUS$23.0b20.8x34.3x2.1x
Sat, 15 Feb 2025US$827.5bUS$381.1bUS$22.8b21.3x36.3x2.2x
Mon, 13 Jan 2025US$768.1bUS$384.4bUS$23.5b18.3x32.7x2x
Wed, 11 Dec 2024US$844.5bUS$384.3bUS$23.4b22.4x36x2.2x
Fri, 08 Nov 2024US$864.7bUS$385.8bUS$22.5b25.1x38.4x2.2x
Sun, 06 Oct 2024US$878.0bUS$381.7bUS$23.8b25.6x36.9x2.3x
Tue, 03 Sep 2024US$873.6bUS$383.7bUS$23.4b25.6x37.3x2.3x
Thu, 01 Aug 2024US$840.3bUS$379.7bUS$23.5b26.7x35.7x2.2x
Sat, 29 Jun 2024US$809.2bUS$379.9bUS$23.4b25.5x34.6x2.1x
Mon, 27 May 2024US$826.9bUS$377.3bUS$23.4b26.1x35.3x2.2x
Wed, 24 Apr 2024US$805.4bUS$384.4bUS$25.8b21x31.3x2.1x
Fri, 22 Mar 2024US$846.1bUS$384.6bUS$25.4b20.9x33.3x2.2x
Sun, 18 Feb 2024US$794.7bUS$387.5bUS$29.3b19.9x27.2x2.1x
Tue, 16 Jan 2024US$794.6bUS$398.8bUS$31.9b20.4x24.9x2x
Thu, 14 Dec 2023US$782.9bUS$398.4bUS$31.6b20.6x24.8x2x
Sat, 11 Nov 2023US$724.1bUS$399.0bUS$31.7b16.9x22.9x1.8x
Mon, 09 Oct 2023US$740.7bUS$412.0bUS$31.2b15.6x23.7x1.8x
Wed, 06 Sep 2023US$784.3bUS$412.0bUS$31.2b16.4x25.1x1.9x
Fri, 04 Aug 2023US$796.8bUS$421.8bUS$31.8b14.7x25.1x1.9x
Sun, 02 Jul 2023US$814.9bUS$444.3bUS$39.1b14.4x20.9x1.8x
Tue, 30 May 2023US$755.8bUS$444.6bUS$39.1b12.7x19.3x1.7x
Thu, 27 Apr 2023US$780.9bUS$452.6bUS$43.0b12.6x18.1x1.7x
Sat, 25 Mar 2023US$764.7bUS$452.1bUS$42.6b12.1x17.9x1.7x
Mon, 20 Feb 2023US$809.8bUS$450.9bUS$41.4b13.4x19.6x1.8x
Wed, 18 Jan 2023US$821.8bUS$460.9bUS$43.3b15.2x19x1.8x
Price to Earnings Ratio

19x


Total Market Cap: US$821.8bTotal Earnings: US$43.3bTotal Revenue: US$460.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 38.6x202420252026
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 69.9x which is higher than its 3-year average PE of 38.6x.
  • The 3-year average PS ratio of 2.4x is higher than the industry's current PS ratio of 2.1x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 37% per year over the last three years,
  • Revenues have also declined 6.9% 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 Market1.88%
Materials6.70%
Chemicals5.11%
Diversified Chemicals13.34%
Commodity Chemicals9.94%
Specialty Chemicals5.97%
Industrial Gases3.88%
Fertilizers and Agricultural Chemicals1.62%
Industry PE
  • Investors are most optimistic about the Specialty Chemicals industry which is trading above its 3-year average PE ratio of 60.1x.
    • Analysts are expecting annual earnings growth of 25.3%, which is higher than its past year's earnings decline of 5.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 89% over the next 5 years.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 7.1% 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$444.083.5%
+US$7.0b		7.2%PE29.2x
SHW Sherwin-WilliamsUS$353.287.8%
+US$6.3b		7.0%PE33.9x
APD Air Products and ChemicalsUS$263.725.3%
+US$2.9b		-10.0%PS4.9x
ECL EcolabUS$271.733.5%
+US$2.6b		18.3%PE38.8x
ALB AlbemarleUS$161.2912.1%
+US$2.0b		86.4%PS3.8x

Latest News

LIN
US$444.08
Linde
7D
3.5%
1Y
7.2%

LIN: Defensive Profile And Buybacks Will Support 2026 Rerating Potential

Analysts have nudged their price target for Linde up from about $502.88 to $503.21, reflecting updated assumptions around revenue growth, profit margins and future P/E. They have also weighed recent research that includes an upgrade to Buy and removal from a top ideas list.
ALB
US$161.29
Albemarle
7D
12.1%
1Y
86.4%
DOW
US$26.33
Dow
7D
8.5%
1Y
-31.6%

DOW: Cost Driven Earnings Will Prove Fragile In Weak Commodity Cycle

Narrative Update on Dow Analysts have nudged their average price target on Dow higher to around the mid 20s. This reflects mixed views that balance recent cost driven earnings strength with ongoing caution around the durability of commodity and end market demand.
SQM
US$74.40
Sociedad Química y Minera de Chile
7D
6.7%
1Y
93.9%

SQM: Lithium Demand Outlook And Codelco JV Clarity Will Shape Returns

Analysts have lifted their price expectations for Sociedad Química y Minera de Chile toward the US$77 level, citing updated models that factor in higher lithium pricing, projected demand growth, and a potential narrowing of the company’s valuation discount once the Codelco JV terms are clarified. Analyst Commentary Recent Street research on Sociedad Química y Minera de Chile highlights a mix of optimism around lithium demand and pricing, along with some caution tied to Chilean royalty exposure.
LYB
US$48.71
LyondellBasell Industries
7D
9.7%
1Y
-32.8%

LYB: Softer Margins And Inconsistent Industrial Demand Will Pressure Future Returns

Analysts have trimmed their price target on LyondellBasell Industries, with our fair value estimate moving from US$44.00 to US$36.00. This reflects a slightly higher discount rate, softer profit margins and a lower future P/E multiple, set against a weaker macro setup and inconsistent industrial end markets highlighted in recent research.
ECL
US$271.73
Ecolab
7D
3.5%
1Y
18.3%
SHW
US$353.28
Sherwin-Williams
7D
7.8%
1Y
7.0%
APD
US$263.72
Air Products and Chemicals
7D
5.3%
1Y
-10.0%

APD: Decarbonization Projects And LA Blue Progress Will Support Future Confidence

Analysts have trimmed their blended price targets for Air Products and Chemicals to a range anchored around US$260 to US$325, reflecting updated views on discount rates, modestly adjusted growth and margin assumptions, and a wait for more clarity on key projects such as LA Blue. Analyst Commentary Street research on Air Products and Chemicals has coalesced around a tighter price target range, with recent revisions centered near US$260 to US$325.
BIOX
US$1.26
Bioceres Crop Solutions
7D
-6.7%
1Y
-80.7%
ALTO
US$2.39
Alto Ingredients
7D
-10.2%
1Y
43.1%

ALTO: Upcoming Late-Stage Data Will Shape Risk Profile Amid Measured Outlook

Analysts have modestly lowered their price target on Alto Ingredients, trimming fair value by $1 to $14 as they factor in slightly softer long term assumptions, while remaining encouraged by upcoming late stage data presentations. Analyst Commentary Bearish analysts have pointed to the recent price target reduction to $14 as evidence that expectations for Alto Ingredients' long term growth and profitability are being tempered, even as upcoming late stage data remains a potential catalyst.
BON
US$1.69
Bon Natural Life
7D
-1.2%
1Y
-96.0%

Returns On Capital Signal Tricky Times Ahead For Bon Natural Life (NASDAQ:BON)

Dec 23
Returns On Capital Signal Tricky Times Ahead For Bon Natural Life (NASDAQ:BON)
ICL
US$5.59
ICL Group
7D
-3.5%
1Y
7.5%
ORGN
US$0.23
Origin Materials
7D
-4.3%
1Y
-80.4%

Origin Materials, Inc. (NASDAQ:ORGN) May Have Run Too Fast Too Soon With Recent 25% Price Plummet

Dec 17
Origin Materials, Inc. (NASDAQ:ORGN) May Have Run Too Fast Too Soon With Recent 25% Price Plummet
FSI
US$6.72
Flexible Solutions International
7D
-1.3%
1Y
76.8%
CMT
US$19.17
Core Molding Technologies
7D
-1.5%
1Y
32.4%