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U.S. Chemicals Industry Analysis

UpdatedAug 10, 2026
DataAggregated Company Financials
Companies123
  • 7D2.8%
  • 3M-1.9%
  • 1Y9.5%
  • YTD14.6%

In the last week, the Chemicals industry is up 2.8%, with Linde leading the way, up 2.0%. This means that the industry has gained 9.5% over the past year. Looking forward, earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Aug 2026US$808.7bUS$362.5bUS$11.1b29.4x73x2.2x
Thu, 09 Jul 2026US$842.3bUS$360.7bUS$11.9b26.1x70.7x2.3x
Sat, 06 Jun 2026US$817.9bUS$360.7bUS$11.6b27.1x70.4x2.3x
Mon, 04 May 2026US$847.2bUS$358.1bUS$9.5b30x89.2x2.4x
Wed, 01 Apr 2026US$831.6bUS$357.0bUS$7.3b27.3x113.5x2.3x
Fri, 27 Feb 2026US$845.0bUS$356.9bUS$7.2b24.1x117x2.4x
Sun, 25 Jan 2026US$790.2bUS$372.0bUS$11.0b25.5x71.8x2.1x
Tue, 23 Dec 2025US$718.0bUS$371.7bUS$11.0b23.9x65.3x1.9x
Thu, 20 Nov 2025US$697.4bUS$371.6bUS$11.0b21.9x63.5x1.9x
Sat, 18 Oct 2025US$733.2bUS$367.8bUS$15.6b25.9x47.1x2x
Mon, 15 Sep 2025US$794.2bUS$367.7bUS$15.5b25.8x51.3x2.2x
Wed, 13 Aug 2025US$766.8bUS$367.8bUS$15.7b25.5x48.8x2.1x
Fri, 11 Jul 2025US$806.9bUS$376.6bUS$17.9b24x45x2.1x
Sun, 08 Jun 2025US$780.4bUS$378.4bUS$18.0b22.1x43.3x2.1x
Tue, 06 May 2025US$757.6bUS$379.0bUS$18.2b19.2x41.5x2x
Thu, 03 Apr 2025US$784.7bUS$380.9bUS$23.0b20.3x34.1x2.1x
Sat, 01 Mar 2025US$816.0bUS$380.6bUS$23.2b23.1x35.2x2.1x
Mon, 27 Jan 2025US$824.2bUS$384.4bUS$23.4b22.5x35.2x2.1x
Wed, 25 Dec 2024US$794.0bUS$384.3bUS$23.4b20.5x33.9x2.1x
Fri, 22 Nov 2024US$845.0bUS$384.3bUS$23.5b22.4x36x2.2x
Sun, 20 Oct 2024US$906.9bUS$388.6bUS$24.2b26.4x37.4x2.3x
Tue, 17 Sep 2024US$857.8bUS$383.8bUS$23.4b25.8x36.6x2.2x
Thu, 15 Aug 2024US$828.1bUS$384.5bUS$23.8b25x34.8x2.2x
Sat, 13 Jul 2024US$812.9bUS$379.9bUS$23.4b26.8x34.7x2.1x
Mon, 10 Jun 2024US$815.2bUS$377.3bUS$23.4b26.7x34.8x2.2x
Wed, 08 May 2024US$828.1bUS$377.7bUS$23.7b22.5x35x2.2x
Fri, 05 Apr 2024US$850.3bUS$384.6bUS$25.6b21.9x33.2x2.2x
Sun, 03 Mar 2024US$816.9bUS$384.5bUS$25.5b20x32.1x2.1x
Tue, 30 Jan 2024US$786.7bUS$397.4bUS$30.9b20.7x25.5x2x
Thu, 28 Dec 2023US$816.7bUS$398.4bUS$31.6b21.8x25.8x2x
Sat, 25 Nov 2023US$769.4bUS$398.8bUS$31.6b19.4x24.3x1.9x
Mon, 23 Oct 2023US$720.3bUS$412.0bUS$31.3b15.2x23x1.7x
Wed, 20 Sep 2023US$774.9bUS$412.0bUS$31.2b16.9x24.8x1.9x
Fri, 18 Aug 2023US$772.7bUS$412.0bUS$31.2b15.3x24.8x1.9x
Price to Earnings Ratio

24.8x


Total Market Cap: US$772.7bTotal Earnings: US$31.2bTotal Revenue: US$412.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Chemicals Industry Price to Earnings3Y Average 51.9x202420252026
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 73.0x which is higher than its 3-year average PE of 51.9x.
  • 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 Market2.74%
Materials6.32%
Chemicals2.79%
Specialty Chemicals4.82%
Industrial Gases2.35%
Commodity Chemicals-0.068%
Diversified Chemicals-1.11%
Fertilizers and Agricultural Chemicals-1.39%
Industry PE
  • Investors are most optimistic about the Fertilizers and Agricultural Chemicals industry which is trading above its 3-year average PE ratio of 32.4x.
    • 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
LIN LindeUS$492.462.5%
+US$5.5b		4.7%PE31.3x
APD Air Products and ChemicalsUS$308.185.2%
+US$3.4b		8.5%PS5.4x
SHW Sherwin-WilliamsUS$362.712.4%
+US$2.0b		2.3%PE32.6x
SQM Sociedad Química y Minera de ChileUS$72.848.7%
+US$1.7b		58.7%PE25.5x
ALB AlbemarleUS$131.2110.5%
+US$1.5b		62.5%PE269.6x

Latest News

CC
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Chemours
7D
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1Y
24.9%
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AdvanSix
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1Y
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ECVT
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Ecovyst
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-16.3%
1Y
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ECL
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Ecolab
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1.8%
1Y
4.0%
CBT
US$86.45
Cabot
7D
-3.5%
1Y
14.1%
SHW
US$362.71
Sherwin-Williams
7D
2.4%
1Y
2.3%
ALTO
US$4.23
Alto Ingredients
7D
-13.0%
1Y
318.8%
Analysis Article • Aug 08

Alto Ingredients, Inc. Just Beat EPS By 76%: Here's What Analysts Think Will Happen Next

A week ago, Alto Ingredients, Inc. ( NASDAQ:ALTO ) came out with a strong set of quarterly numbers that could...
WLK
US$79.09
Westlake
7D
13.2%
1Y
2.9%
Analysis Article • Aug 08

Westlake Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Investors in Westlake Corporation ( NYSE:WLK ) had a good week, as its shares rose 9.9% to close at US$77.47 following...
SMG
US$62.27
Scotts Miracle-Gro
7D
-8.6%
1Y
4.2%
ALB
US$131.21
Albemarle
7D
10.5%
1Y
62.5%
IFF
US$85.09
International Flavors & Fragrances
7D
5.6%
1Y
34.1%
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.
SOLS
US$60.32
Solstice Advanced Materials
7D
-3.1%
1Y
n/a
Narrative Update • Aug 04

SOLS: Element Solutions Deal Will Reshape Future Earnings And Cash Generation

Solstice Advanced Materials' analyst price target has been reset lower in this update, moving from about $87.67 to about $80.43 as analysts factor in a reduced future P/E multiple following the Element Solutions acquisition, even as they cite firmer revenue growth and profit margin assumptions. Analyst Commentary Recent Street research on Solstice Advanced Materials highlights a mix of optimism around the Element Solutions acquisition and core growth areas, alongside more cautious views on valuation and deal risk.
APD
US$308.18
Air Products and Chemicals
7D
5.2%
1Y
8.5%
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$492.46
Linde
7D
2.5%
1Y
4.7%
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$72.84
Sociedad Química y Minera de Chile
7D
8.7%
1Y
58.7%
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.
ESI
US$37.27
Element Solutions
7D
-1.1%
1Y
56.7%