U.S. Industrial Gases Industry Analysis
UpdatedJun 18, 2024
DataAggregated Company Financials
Companies5
- 7D0.8%
- 3M-2.0%
- 1Y10.9%
- YTDn/a
Over the last 7 days, the Industrial Gases industry has remained flat, although notably Air Products and Chemicals declined by 3.3%. The past year has been better, since the industry has gained 10% in that time. Looking forward, earnings are forecast to grow by 9.3% annually.
Industry Valuation and Performance
Has the U.S. Industrial Gases Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 18 Jun 2024 | US$271.2b | US$44.9b | US$8.8b | 29.1x | 30.9x | 6x |
| Thu, 16 May 2024 | US$263.0b | US$44.9b | US$8.8b | 27.8x | 30x | 5.9x |
| Sat, 13 Apr 2024 | US$270.7b | US$45.3b | US$8.5b | 28.4x | 31.7x | 6x |
| Mon, 11 Mar 2024 | US$276.5b | US$45.3b | US$8.5b | 29.5x | 32.4x | 6.1x |
| Wed, 07 Feb 2024 | US$250.0b | US$44.9b | US$8.3b | 27.2x | 30.1x | 5.6x |
| Fri, 05 Jan 2024 | US$258.3b | US$45.1b | US$8.3b | 29.7x | 31.2x | 5.7x |
| Sun, 03 Dec 2023 | US$260.2b | US$45.1b | US$8.3b | 29.9x | 31.4x | 5.8x |
| Tue, 31 Oct 2023 | US$246.1b | US$45.4b | US$8.2b | 29.7x | 30.1x | 5.4x |
| Thu, 28 Sep 2023 | US$244.9b | US$46.1b | US$7.9b | 30.5x | 31.1x | 5.3x |
| Sat, 26 Aug 2023 | US$250.2b | US$46.1b | US$7.9b | 31.1x | 31.8x | 5.4x |
| Mon, 24 Jul 2023 | US$255.5b | US$46.5b | US$6.7b | 36.5x | 38.4x | 5.5x |
| Wed, 21 Jun 2023 | US$244.8b | US$46.5b | US$6.7b | 34.9x | 36.8x | 5.3x |
| Fri, 19 May 2023 | US$241.5b | US$46.5b | US$6.7b | 34.2x | 36.3x | 5.2x |
| Sun, 16 Apr 2023 | US$240.6b | US$46.2b | US$6.4b | 35.4x | 37.6x | 5.2x |
| Tue, 14 Mar 2023 | US$227.2b | US$46.2b | US$6.4b | 33.7x | 35.5x | 4.9x |
| Thu, 09 Feb 2023 | US$228.4b | US$46.2b | US$6.4b | 34x | 35.7x | 4.9x |
| Sat, 07 Jan 2023 | US$224.6b | US$46.5b | US$6.1b | 35.6x | 36.9x | 4.8x |
| Mon, 05 Dec 2022 | US$237.3b | US$46.5b | US$6.1b | 37.4x | 39x | 5.1x |
| Wed, 02 Nov 2022 | US$203.3b | US$45.7b | US$6.1b | 31.7x | 33.5x | 4.4x |
| Fri, 30 Sep 2022 | US$185.3b | US$44.6b | US$5.8b | 30.4x | 32.1x | 4.2x |
| Sun, 28 Aug 2022 | US$200.5b | US$44.6b | US$5.8b | 33.1x | 34.7x | 4.5x |
| Tue, 26 Jul 2022 | US$194.7b | US$43.1b | US$6.2b | 29.9x | 31.4x | 4.5x |
| Thu, 23 Jun 2022 | US$202.7b | US$43.1b | US$6.2b | 30.9x | 32.7x | 4.7x |
| Sat, 21 May 2022 | US$210.7b | US$43.1b | US$6.2b | 31.8x | 34x | 4.9x |
| Mon, 18 Apr 2022 | US$214.8b | US$41.7b | US$5.9b | 33.9x | 36.2x | 5.1x |
| Wed, 16 Mar 2022 | US$197.9b | US$41.8b | US$5.9b | 31.1x | 33.4x | 4.7x |
| Fri, 11 Feb 2022 | US$212.8b | US$40.7b | US$5.7b | 35.2x | 37.5x | 5.2x |
| Sun, 09 Jan 2022 | US$237.0b | US$40.1b | US$5.6b | 40.2x | 42.4x | 5.9x |
| Tue, 07 Dec 2021 | US$230.8b | US$40.1b | US$5.6b | 39.2x | 41.3x | 5.8x |
| Thu, 04 Nov 2021 | US$235.0b | US$39.6b | US$5.5b | 40.7x | 42.6x | 5.9x |
| Sat, 02 Oct 2021 | US$210.0b | US$38.8b | US$5.2b | 37.8x | 40.1x | 5.4x |
| Mon, 30 Aug 2021 | US$222.3b | US$38.8b | US$5.2b | 40x | 42.8x | 5.7x |
| Tue, 06 Jul 2021 | US$213.3b | US$38.8b | US$5.2b | 39x | 41x | 5.5x |
Price to Earnings Ratio
41x
Current Industry PE
- Investors are pessimistic on the American Industrial Gases industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 30.9x which is lower than its 3-year average PE of 35.5x.
- The 3-year average PS ratio of 5.3x is lower than the industry's current PS ratio of 6.0x.
Past Earnings Growth
- The earnings for companies in the Industrial Gases industry have grown 19% per year over the last three years.
- Revenues for these companies have grown 5.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does U.S. Industrial Gases compare with similar industries?
| US Market | 1.61% | |
| Materials | -0.81% | |
| Chemicals | -0.053% | |
| Industrial Gases | 0.76% | |
| Specialty Chemicals | 0.073% | |
| Commodity Chemicals | -1.17% | |
| Fertilizers and Agricultural Chemicals | -1.72% | |
| Diversified Chemicals | -2.72% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| LIN Linde | US$440.63 | 2.0% +US$4.1b | 17.4% | PE33.6x |