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U.S. Chemicals Industry Analysis

UpdatedMay 25, 2026
DataAggregated Company Financials
Companies127
  • 7D0.5%
  • 3M-1.6%
  • 1Y8.9%
  • YTD14.5%

In the last week, the Chemicals industry is flat overall, with Dow standing out by going down 6.6%. The past year has been better, since the industry has gained 8.9% in that time. As for the next few years, earnings are expected to grow by 17% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 May 2026US$829.8bUS$360.0bUS$11.4b26.7x72.8x2.3x
Wed, 22 Apr 2026US$846.6bUS$357.2bUS$7.3b29.7x116.7x2.4x
Fri, 20 Mar 2026US$806.2bUS$357.0bUS$7.5b27.2x107.7x2.3x
Sun, 15 Feb 2026US$838.6bUS$365.8bUS$6.1b26.8x138.4x2.3x
Tue, 13 Jan 2026US$767.3bUS$372.0bUS$11.0b25.1x69.9x2.1x
Thu, 11 Dec 2025US$692.5bUS$371.7bUS$11.0b23.7x63.1x1.9x
Sat, 08 Nov 2025US$695.5bUS$371.7bUS$11.0b23x63.3x1.9x
Mon, 06 Oct 2025US$765.8bUS$367.8bUS$15.6b26.3x49.2x2.1x
Wed, 03 Sep 2025US$799.9bUS$367.6bUS$15.5b25.8x51.5x2.2x
Fri, 01 Aug 2025US$772.6bUS$375.8bUS$15.6b23.7x49.5x2.1x
Sun, 29 Jun 2025US$777.7bUS$378.4bUS$18.1b22.3x42.9x2.1x
Tue, 27 May 2025US$761.1bUS$378.5bUS$17.1b22.1x44.4x2x
Thu, 24 Apr 2025US$731.9bUS$380.8bUS$23.0b18.3x31.8x1.9x
Sat, 22 Mar 2025US$783.7bUS$380.9bUS$23.0b20.7x34x2.1x
Mon, 17 Feb 2025US$825.2bUS$381.1bUS$22.8b21.3x36.2x2.2x
Wed, 15 Jan 2025US$797.8bUS$384.4bUS$23.5b20.7x34x2.1x
Fri, 13 Dec 2024US$833.5bUS$384.3bUS$23.4b22.2x35.6x2.2x
Sun, 10 Nov 2024US$861.3bUS$385.8bUS$23.8b25x36.3x2.2x
Tue, 08 Oct 2024US$878.0bUS$381.7bUS$23.8b26.3x36.9x2.3x
Thu, 05 Sep 2024US$855.3bUS$383.8bUS$23.4b25.3x36.5x2.2x
Sat, 03 Aug 2024US$850.1bUS$384.9bUS$23.9b25.9x35.6x2.2x
Mon, 01 Jul 2024US$807.0bUS$379.9bUS$23.4b25.5x34.5x2.1x
Wed, 29 May 2024US$826.9bUS$377.3bUS$23.4b25.4x35.3x2.2x
Fri, 26 Apr 2024US$802.1bUS$383.3bUS$26.4b21x30.4x2.1x
Sun, 24 Mar 2024US$844.3bUS$384.6bUS$25.4b20.3x33.2x2.2x
Tue, 20 Feb 2024US$794.7bUS$387.5bUS$29.3b19.9x27.2x2.1x
Thu, 18 Jan 2024US$779.2bUS$398.8bUS$31.9b19.7x24.4x2x
Sat, 16 Dec 2023US$800.2bUS$398.4bUS$31.6b21.6x25.3x2x
Mon, 13 Nov 2023US$734.0bUS$399.0bUS$31.7b16.9x23.2x1.8x
Wed, 11 Oct 2023US$750.9bUS$412.0bUS$31.2b15.5x24x1.8x
Fri, 08 Sep 2023US$779.4bUS$412.0bUS$31.2b16.2x25x1.9x
Sun, 06 Aug 2023US$795.9bUS$416.7bUS$32.1b15.7x24.8x1.9x
Tue, 04 Jul 2023US$817.9bUS$444.3bUS$39.1b14.6x20.9x1.8x
Thu, 01 Jun 2023US$741.3bUS$444.6bUS$39.1b12.2x19x1.7x
Price to Earnings Ratio

19x


Total Market Cap: US$741.3bTotal Earnings: US$39.1bTotal Revenue: US$444.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 48.5x202420252026
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 72.8x which is higher than its 3-year average PE of 48.5x.
  • 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 Market1.11%
Materials0.78%
Chemicals0.50%
Industrial Gases1.49%
Specialty Chemicals1.40%
Diversified Chemicals0.51%
Fertilizers and Agricultural Chemicals-1.36%
Commodity Chemicals-4.88%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 24.9x.
    • Analysts are expecting annual earnings growth of 15.1%, 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 74% over the next 5 years.
  • In contrast, the Industrial Gases industry is expected to see its earnings grow by 9.8% 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$517.581.3%
+US$3.1b		12.8%PE33.8x
SHW Sherwin-WilliamsUS$309.082.1%
+US$1.5b		-12.3%PE29.2x
ECL EcolabUS$253.321.6%
+US$1.2b		-3.0%PE33.9x
PPG PPG IndustriesUS$107.784.0%
+US$918.3m		-2.1%PE15.2x
RPM RPM InternationalUS$100.903.9%
+US$485.0m		-9.8%PE19.4x

Latest News

LYB
US$69.72
LyondellBasell Industries
7D
-5.9%
1Y
24.2%
CTVA
US$79.56
Corteva
7D
-1.9%
1Y
15.2%
PPG
US$107.78
PPG Industries
7D
4.0%
1Y
-2.1%
APD
US$289.47
Air Products and Chemicals
7D
-1.3%
1Y
7.3%
MOS
US$22.51
Mosaic
7D
5.1%
1Y
-35.9%
Narrative Update • May 23

MOS: Higher Input Costs And DOJ Probe Will Pressure Future Returns

The updated analyst price target for Mosaic moves lower, with fair value now at about $19.36 from $24.00. This reflects Street concerns about weaker phosphate margins, sulfur related cost pressure, and softer revenue and profit assumptions, even as several analysts still point to potential long term value for patient investors.
SQM
US$80.18
Sociedad Química y Minera de Chile
7D
-3.0%
1Y
143.1%
Narrative Update • May 23

SQM: Lithium Pricing Strength Will Support 2026 Earnings Power

Analysts have lifted their price target estimate for Sociedad Química y Minera de Chile to $106 from $100, citing updated assumptions around revenue growth, margins and future P/E that align with a series of recent target hikes across the Street. Analyst Commentary Recent research on Sociedad Química y Minera de Chile shows a cluster of price target revisions as bullish analysts update their models for revenue assumptions, profitability and future P/E multiples.
CF
US$121.70
CF Industries Holdings
7D
-2.8%
1Y
36.9%
Seeking Alpha • May 22

CF Industries: The Fertilizer Rally Is Far From Over

Summary CF Industries benefits from a structurally tight nitrogen fertilizer market, driven by geopolitical disruptions and limited new capacity until 2030. CF's North American asset base and low-cost position provide a competitive advantage as global supply remains constrained, supporting elevated pricing. With natural gas feedstock costs down 11% y/y and robust production, Q2 is poised for strong results, with EPS projected at $5.83 versus street at $5.61. I target 29% upside to $156 (7x EV/EBITDA), as CF's higher growth and margins versus peers should close the current valuation gap. Read the full article on Seeking Alpha
ECL
US$253.32
Ecolab
7D
1.6%
1Y
-3.0%
DOW
US$36.01
Dow
7D
-6.6%
1Y
27.2%
RPM
US$100.90
RPM International
7D
3.9%
1Y
-9.8%
Narrative Update • May 21

RPM: Operating Leverage And Cost Actions Are Expected To Support Upside

RPM International's analyst price target has edged higher by about $0.43 to $128.07, as analysts update their models to reflect modest adjustments in growth, margin and discount rate assumptions, following a mix of recent target raises and trims across the Street. Analyst Commentary Recent research on RPM International reflects a mix of optimism and caution, with several firms adjusting price targets up and down over a short period.
ALB
US$171.58
Albemarle
7D
-2.4%
1Y
197.8%
LIN
US$517.58
Linde
7D
1.3%
1Y
12.8%
PRM
US$31.10
Perimeter Solutions
7D
-7.0%
1Y
165.1%
IFF
US$75.28
International Flavors & Fragrances
7D
2.1%
1Y
0.4%
Narrative Update • May 17

IFF: Fair Outlook Balances Portfolio Optimization Efforts With Execution And Earnings Visibility Risks

Narrative Update on International Flavors & Fragrances Analysts have trimmed the consolidated price target for International Flavors & Fragrances by about $0.62, reflecting mixed recent revisions across firms as they factor in updated expectations for revenue, margins, and future P/E multiples following recent earnings and portfolio updates. Analyst Commentary Recent research on International Flavors & Fragrances shows a split view, with some firms lifting price targets and others trimming them as they revisit assumptions around revenue trajectories, margin recovery, and justified P/E multiples.
SHW
US$309.08
Sherwin-Williams
7D
2.1%
1Y
-12.3%
EMN
US$74.12
Eastman Chemical
7D
4.5%
1Y
-8.0%