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U.S. Chemicals Industry Analysis

UpdatedAug 09, 2026
DataAggregated Company Financials
Companies123
  • 7D3.5%
  • 3M-1.8%
  • 1Y9.6%
  • YTD14.6%

In the last week, the Chemicals industry is up 3.5%, with Sherwin-Williams up 8.5%. In the same time, CF Industries Holdings was down 8.7%. This means that the industry has gained 9.6% over the past year. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 09 Aug 2026US$808.6bUS$362.6bUS$11.1b29.4x73x2.2x
Tue, 07 Jul 2026US$855.5bUS$360.7bUS$11.9b25.8x71.9x2.4x
Thu, 04 Jun 2026US$815.6bUS$360.7bUS$11.6b27.7x70.2x2.3x
Sat, 02 May 2026US$844.8bUS$358.1bUS$9.5b30x88.9x2.4x
Mon, 30 Mar 2026US$826.3bUS$357.0bUS$7.5b27.4x110.1x2.3x
Wed, 25 Feb 2026US$842.2bUS$358.6bUS$8.4b25.3x100.6x2.3x
Fri, 23 Jan 2026US$783.5bUS$372.0bUS$11.0b23.9x71.1x2.1x
Sun, 21 Dec 2025US$717.9bUS$371.7bUS$11.0b23.9x65.3x1.9x
Tue, 18 Nov 2025US$712.3bUS$371.6bUS$11.0b22.3x64.9x1.9x
Thu, 16 Oct 2025US$747.3bUS$367.8bUS$15.6b26.6x48x2x
Sat, 13 Sep 2025US$800.2bUS$367.7bUS$15.5b25.8x51.6x2.2x
Mon, 11 Aug 2025US$766.5bUS$367.9bUS$15.7b24.8x48.9x2.1x
Wed, 09 Jul 2025US$794.0bUS$376.6bUS$17.9b23.6x44.3x2.1x
Fri, 06 Jun 2025US$781.6bUS$378.4bUS$18.0b22.3x43.3x2.1x
Sun, 04 May 2025US$758.7bUS$379.0bUS$18.2b20x41.6x2x
Tue, 01 Apr 2025US$773.7bUS$380.9bUS$23.0b19.4x33.6x2x
Thu, 27 Feb 2025US$822.6bUS$380.8bUS$23.6b21.4x34.9x2.2x
Sat, 25 Jan 2025US$827.9bUS$384.4bUS$23.4b22.5x35.3x2.2x
Mon, 23 Dec 2024US$790.2bUS$384.3bUS$23.4b20.4x33.7x2.1x
Wed, 20 Nov 2024US$845.4bUS$385.1bUS$23.8b22.6x35.5x2.2x
Fri, 18 Oct 2024US$906.0bUS$388.6bUS$24.2b26.6x37.4x2.3x
Sun, 15 Sep 2024US$857.8bUS$383.8bUS$23.4b25.6x36.6x2.2x
Tue, 13 Aug 2024US$824.4bUS$384.5bUS$23.8b24.3x34.6x2.1x
Thu, 11 Jul 2024US$792.9bUS$379.9bUS$23.4b25.5x33.9x2.1x
Sat, 08 Jun 2024US$820.3bUS$377.3bUS$23.4b26.7x35x2.2x
Mon, 06 May 2024US$809.7bUS$378.3bUS$23.8b22.2x34.1x2.1x
Wed, 03 Apr 2024US$850.7bUS$384.6bUS$25.6b21.3x33.3x2.2x
Fri, 01 Mar 2024US$811.3bUS$384.6bUS$25.4b20.1x31.9x2.1x
Sun, 28 Jan 2024US$786.7bUS$397.4bUS$30.9b20.5x25.5x2x
Tue, 26 Dec 2023US$811.0bUS$398.4bUS$31.6b21.7x25.7x2x
Thu, 23 Nov 2023US$765.3bUS$398.8bUS$31.6b18.7x24.2x1.9x
Sat, 21 Oct 2023US$720.3bUS$412.0bUS$31.3b15.2x23x1.7x
Mon, 18 Sep 2023US$779.3bUS$412.0bUS$31.2b16.9x25x1.9x
Wed, 16 Aug 2023US$777.6bUS$412.0bUS$31.2b15.1x24.9x1.9x
Price to Earnings Ratio

24.9x


Total Market Cap: US$777.6bTotal Earnings: US$31.2bTotal Revenue: US$412.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 51.8x202420252026
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 73.0x which is higher than its 3-year average PE of 51.8x.
  • The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 29% per year over the last three years,
  • Revenues have also declined 4.2% 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 Market4.18%
Materials7.79%
Chemicals3.51%
Specialty Chemicals6.70%
Industrial Gases2.53%
Commodity Chemicals-0.071%
Diversified Chemicals-1.11%
Fertilizers and Agricultural Chemicals-2.59%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 31.9x.
    • Analysts are expecting annual earnings growth of 19.4%, which is lower than the prior year's growth of 22.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 83% over the next 5 years.
  • In contrast, the Industrial Gases industry is expected to see its earnings grow by 17% 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
SHW Sherwin-WilliamsUS$369.738.5%
+US$7.0b		5.0%PE33.2x
LIN LindeUS$489.982.4%
+US$5.3b		3.7%PE31.2x
PPG PPG IndustriesUS$119.728.3%
+US$2.0b		11.9%PE17x
APD Air Products and ChemicalsUS$303.442.9%
+US$1.9b		5.1%PS5.4x
ECL EcolabUS$285.172.7%
+US$1.8b		4.5%PE37.8x

Latest News

ASIX
US$16.48
AdvanSix
7D
-17.8%
1Y
-9.1%
Seeking Alpha • 20h

AdvanSix: Challenges Persist, My Downgrade Was Correct

Summary AdvanSix (ASIX) faces significant short-term headwinds, with a 90% net income drop and negative FCF in 2Q26, driving a >20% share price decline. ASIX's structurally advantageous single-feedstock model is outweighed by weak end-market demand, limited pricing power, and high exposure to cyclical sectors like fertilizers and nylon. I lower my price target to $16/share, reflecting prolonged macro weakness and industry overcapacity; recovery is expected to take 5-6 quarters or longer. ASIX is rated 'Hold' due to unattractive risk/reward, excessive macro risk, and limited near-term upside despite cheap valuation. Read the full article on Seeking Alpha
SHW
US$369.73
Sherwin-Williams
7D
8.5%
1Y
5.0%
CF
US$114.35
CF Industries Holdings
7D
-8.7%
1Y
41.3%
CC
US$15.75
Chemours
7D
-5.2%
1Y
29.2%
SMG
US$62.91
Scotts Miracle-Gro
7D
-4.2%
1Y
7.6%
ALB
US$131.11
Albemarle
7D
11.5%
1Y
73.7%
IFF
US$85.89
International Flavors & Fragrances
7D
8.4%
1Y
35.1%
Narrative Update • Aug 06

IFF: Food Ingredients Sale And Buybacks Will Support Stronger 2026 Framework

For International Flavors & Fragrances, the analyst fair value estimate has moved modestly higher to about $94.82 from $91.66. This reflects updated views that emphasize improving profit margins and cash returns, while still recognizing more cautious revenue growth assumptions and a slightly higher future P/E expectation across recent research.
ECVT
US$10.38
Ecovyst
7D
-13.9%
1Y
22.7%
CTVA
US$76.83
Corteva
7D
-2.4%
1Y
8.3%
Narrative Update • Aug 04

CTVA: Upcoming Seed Spinoff And Crop Protection Pipeline Will Reshape Earnings Mix

Analysts lifted their price target for Corteva to $92.40 from $90.05, pointing to updated expectations around the Vylor seed spinoff, the crop protection and fertilizer backdrop, and the revised P/E and profitability assumptions cited in recent research. Analyst Commentary Recent research on Corteva centers on how the Vylor seed spinoff, crop protection trends, and fertilizer market conditions may affect valuation, growth prospects, and execution risk.
PPG
US$119.72
PPG Industries
7D
8.3%
1Y
11.9%
LYB
US$59.59
LyondellBasell Industries
7D
-4.0%
1Y
21.5%
APD
US$303.44
Air Products and Chemicals
7D
2.9%
1Y
5.1%
Narrative Update • Aug 04

APD: Electronics Backlog And Raised Guidance Will Drive Future Upside

Analysts have nudged the fair value estimate for Air Products and Chemicals higher from $335.95 to $342.42, reflecting updated assumptions on revenue growth, profit margins, and future P/E, alongside a series of Street price target increases into the $320 to $358 range. Analyst Commentary Recent Street commentary on Air Products and Chemicals has centered on a series of higher price targets clustered between US$320 and US$358.
LIN
US$489.98
Linde
7D
2.4%
1Y
3.7%
Seeking Alpha • Aug 03

Linde: My 'Not Cheap' Thesis Has Been True Since 2023

Summary Linde plc remains a 'Hold' due to excessive valuation, despite its world-class fundamentals and robust profitability. LIN trades at a 27x-30x P/E, requiring unrealistic growth or sector re-rating to justify current levels and deliver meaningful upside. Recent results show strong margins, cash generation, and backlog, but capital allocation—especially buybacks at high multiples—raises concerns. My fair value is $340/share, with a 15% annualized hurdle; current risk/reward is unattractive until a significant valuation correction. Read the full article on Seeking Alpha
SQM
US$71.95
Sociedad Química y Minera de Chile
7D
7.3%
1Y
70.4%
Narrative Update • Aug 03

SQM: Future Returns Will Hinge On Lithium Volume Execution

The updated analyst price target for Sociedad Química y Minera de Chile increases by about $9 per share. Analysts attribute the change to revised fair value estimates, a slightly lower discount rate, expectations for stronger profit margins, and a lower future P/E.
ECL
US$285.17
Ecolab
7D
2.7%
1Y
4.5%
Narrative Update • Jul 30

ECL: High Tech And AI Data Center Demand Will Drive Future Upside

Ecolab’s updated analyst price target edges higher to about $324 from about $317. This reflects analyst views that rising organic sales, stronger contributions from high tech and bio processing, and ongoing pricing and digital initiatives support slightly higher expected growth and margin assumptions, despite a modestly higher discount rate and a lower future P/E multiple.
DOW
US$29.34
Dow
7D
-3.1%
1Y
38.3%
Narrative Update • Jul 27

DOW: Cost Savings And Supply Tightness Will Shape Future Upside Potential

For Dow, the analyst price target has been revised lower to about $35.69 from $42.63, with analysts pointing to assumptions of softer revenue growth, a lower future P/E multiple, and sector wide price target cuts tied to normalizing chemical prices and more cautious outlooks across basic chemicals. Analyst Commentary Recent research on Dow highlights a clear split between bullish analysts who still see upside potential and bearish analysts who are more cautious on chemicals exposure, pricing power, and capital commitments.