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Public Comps and Valuation Multiples for Chemicals

Benchmark revenue and EBITDA valuation multiples for public comps like
Linde, Sherwin-Williams, Shin-Etsu, Ecolab and Air Products.

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Chemicals

Viewing 50 of 281 companies with full data

Company	Market Cap	Enterprise Value	LTM Revenue	EV/LTM Revenue	EV/LTM EBITDA
Linde	$232B	$255B	$34B	7.4x	18.7x
Sherwin-Williams	$83B	$95B	$24B	4.0x	20.5x
Shin-Etsu	$78B	$70B	$16B	4.3x	12.4x
Ecolab	$77B	$85B	$17B	5.2x	21.4x
Air Products	$67B	$84B	—	—	—
Air Products	$66B	$83B	$12B	6.7x	15.8x
BASF	$57B	$81B	$71B	1.1x	10.3x
SABIC	$49B	$48B	$32B	1.5x	9.6x
Wanhua Chemical	$42B	$54B	$30B	1.8x	11.4x
Givaudan	$33B	$38B	$10B	3.9x	16.4x
Chandra Asri Group	$33B	$35B	—	—	—
Ningxia Baofeng Energy Group	$32B	$36B	$7B	4.9x	13.0x
Sika	$30B	$36B	$14B	2.5x	13.5x
Qinghai Salt Lake Industry	$30B	$27B	$3B	9.8x	18.3x
Novonesis	$28B	$31B	$5B	6.3x	16.9x
Dow	$28B	$44B	$41B	1.1x	11.8x
Qnity Electronics	$28B	$31B	$5B	6.4x	21.5x
PPG	$25B	$30B	$16B	1.9x	10.9x
LyondellBasell	$24B	$35B	$31B	1.1x	11.7x
Hengli Petrochemical	$23B	$42B	$32B	1.3x	10.8x
Eternal Ltd	$23B	$22B	$6B	3.7x	159.4x
OMV	$23B	$25B	$30B	0.8x	3.2x
Albemarle	$22B	$26B	$5B	4.9x	18.2x
Borouge	$21B	$24B	$6B	4.1x	10.9x
SABIC Agri-Nutrient	$20B	$17B	$3B	4.9x	12.4x
Industries Qatar	$20B	$17B	$4B	3.9x	12.7x
Ems-Chemie	$20B	$19B	$3B	7.5x	23.6x
DuPont	$19B	$22B	$7B	3.1x	13.0x
International Flavors & Fragrances	$19B	$25B	$11B	2.3x	11.8x
DSM-Firmenich	$18B	$22B	$14B	1.6x	8.8x
CF Industries	$18B	$20B	$7B	2.8x	6.5x
Rongsheng Petro Chemical	$18B	$46B	$45B	1.0x	9.2x
LG Chem	$17B	$33B	$32B	1.0x	7.1x
Nippon Sanso Holdings	$16B	$21B	$9B	2.4x	10.3x
Westlake	$15B	$19B	$11B	1.6x	13.6x
Nippon Paint	$15B	$20B	$12B	1.7x	9.3x
Covestro	$14B	$16B	$15B	1.1x	18.6x
RPM International	$14B	$16B	$8B	2.1x	13.5x
Nitto Denko	$14B	$11B	$6B	1.8x	7.1x
Ecopro	$13B	$15B	—	—	—
Solstice Advanced Materials	$13B	$15B	$4B	3.7x	15.1x
Jordan Phosphates Mines	$12B	$11B	—	—	—
Symrise	$12B	$14B	$6B	2.4x	10.9x
Ambuja Cements	$12B	$11B	$4B	2.5x	14.9x
Akzo Nobel	$10B	$14B	$12B	1.1x	8.0x
Brenntag	$10B	$13B	$18B	0.7x	8.5x
Sembcorp	$10B	$16B	$5B	3.4x	13.2x
Evonik Industries	$9B	$13B	$17B	0.8x	6.0x
Element Solutions	$9B	$10B	$3B	3.8x	17.8x
Eastman Chemical	$8B	$13B	$9B	1.4x	8.6x
Sasol	$8B	$X.XB	$15B	X.Xx	X.Xx
Celanese	$7B	$X.XB	$10B	X.Xx	X.Xx
Bachem	$7B	$X.XB	$982M	X.Xx	X.Xx
Fertiglobe	$7B	$X.XB	$3B	X.Xx	X.Xx
Bluestar Adisseo	$7B	$X.XB	$3B	X.Xx	X.Xx
Orica	$7B	$X.XB	$6B	X.Xx	X.Xx
ICL Group	$7B	$X.XB	$7B	X.Xx	X.Xx
IMCD	$6B	$X.XB	$6B	X.Xx	X.Xx
Syensqo	$6B	$X.XB	$7B	X.Xx	X.Xx
Petro Rabigh	$6B	$X.XB	$10B	X.Xx	X.Xx
SOL	$6B	$X.XB	$2B	X.Xx	X.Xx
SICC	$6B	$X.XB	$233M	X.Xx	X.Xx
Dottikon ES Holding	$6B	$X.XB	$595M	X.Xx	X.Xx
Axalta Coating Systems	$6B	$X.XB	$5B	X.Xx	X.Xx
Balchem	$6B	$X.XB	$1B	X.Xx	X.Xx
Croda International	$6B	$X.XB	$2B	X.Xx	X.Xx
Arkema	$5B	$X.XB	$11B	X.Xx	X.Xx
Fuchs	$5B	$X.XB	$4B	X.Xx	X.Xx
Wacker Chemie	$5B	$X.XB	$6B	X.Xx	X.Xx
Yansab	$5B	$X.XB	$1B	X.Xx	X.Xx
Luberef	$5B	$X.XB	$2B	X.Xx	X.Xx
Arab Potash Company	$5B	$X.XB	—	X.Xx	X.Xx
PI Indus	$5B	$X.XB	$744M	X.Xx	X.Xx
Methanex	$4B	$X.XB	$4B	X.Xx	X.Xx
Mesaieed Petrochemical	$4B	$X.XB	—	X.Xx	X.Xx
Xin Feng Ming Group	$4B	$X.XB	$10B	X.Xx	X.Xx
Viohalco	$4B	$X.XB	—	X.Xx	X.Xx
Dyno Nobel	$4B	$X.XB	$3B	X.Xx	X.Xx
Sensient Technologies	$4B	$X.XB	$2B	X.Xx	X.Xx
Perimeter Solutions	$4B	$X.XB	$708M	X.Xx	X.Xx
Cabot	$4B	$X.XB	$4B	X.Xx	X.Xx
Gubre Fabrikalari	$4B	$X.XB	—	X.Xx	X.Xx
Shanghai Petrochemical	$4B	$X.XB	$10B	X.Xx	X.Xx
POCO Holdings Co.	$4B	$X.XB	$298M	X.Xx	X.Xx
Clariant	$3B	$X.XB	$5B	X.Xx	X.Xx
Avient	$3B	$X.XB	$3B	X.Xx	X.Xx
Chemours	$3B	$X.XB	$6B	X.Xx	X.Xx
H.B. Fuller	$3B	$X.XB	$4B	X.Xx	X.Xx
Kemira	$3B	$X.XB	$3B	X.Xx	X.Xx
Solvay	$3B	$X.XB	$5B	X.Xx	X.Xx
K+S	$3B	$X.XB	$4B	X.Xx	X.Xx
Enaex	$3B	$X.XB	—	X.Xx	X.Xx
Sipchem	$3B	$X.XB	$2B	X.Xx	X.Xx
Olin	$3B	$X.XB	$7B	X.Xx	X.Xx
Hawkins	$3B	$X.XB	$1B	X.Xx	X.Xx
Verbio	$3B	$X.XB	$2B	X.Xx	X.Xx
Hexpol	$3B	$X.XB	$2B	X.Xx	X.Xx
OQ Base Industries	$3B	$X.XB	$589M	X.Xx	X.Xx
Calumet	$3B	$X.XB	$4B	X.Xx	X.Xx
WD-40	$3B	$X.XB	$645M	X.Xx	X.Xx
Azelis Group	$3B	$X.XB	$5B	X.Xx	X.Xx
Ingevity	$3B	$X.XB	$1B	X.Xx	X.Xx
Saudi Industrial Investment Group	$3B	$X.XB	—	X.Xx	X.Xx
Ashland	$3B	$X.XB	$2B	X.Xx	X.Xx
Turpaz Industries	$2B	$X.XB	—	X.Xx	X.Xx
MOPCO	$2B	$X.XB	—	X.Xx	X.Xx
Orbia	$2B	$X.XB	$8B	X.Xx	X.Xx
Huntsman	$2B	$X.XB	$6B	X.Xx	X.Xx
Quaker Houghton	$2B	$X.XB	$2B	X.Xx	X.Xx
FMC	$2B	$X.XB	$4B	X.Xx	X.Xx
Zeon	$2B	$X.XB	$3B	X.Xx	X.Xx
Robertet	$2B	$X.XB	$1B	X.Xx	X.Xx
Potasios De Chile	$2B	$X.XB	—	X.Xx	X.Xx
Saudi Kayan	$2B	$X.XB	$2B	X.Xx	X.Xx
Alzchem Group	$2B	$X.XB	$677M	X.Xx	X.Xx
Abu Qir Fertilizers	$2B	$X.XB	$585M	X.Xx	X.Xx
Elkem	$2B	$X.XB	$3B	X.Xx	X.Xx
Advanced Petrochemical	$2B	$X.XB	$1B	X.Xx	X.Xx
Innospec	$2B	$X.XB	$2B	X.Xx	X.Xx
Castrol India	$2B	$X.XB	$639M	X.Xx	X.Xx
National Industralization	$2B	$X.XB	$722M	X.Xx	X.Xx
Lanxess	$2B	$X.XB	$7B	X.Xx	X.Xx
Solvac	$2B	$X.XB	—	X.Xx	X.Xx
Saudi Chemical	$2B	$X.XB	—	X.Xx	X.Xx
CAC Nantong Chemical Co	$2B	$X.XB	—	X.Xx	X.Xx
Shanghai C&D Innostic	$2B	$X.XB	—	X.Xx	X.Xx
RHI Magnesita	$2B	$X.XB	$4B	X.Xx	X.Xx
Ecovyst	$2B	$X.XB	$779M	X.Xx	X.Xx
Tronox Holdings	$1B	$X.XB	$3B	X.Xx	X.Xx
Unipar	$1B	$X.XB	$988M	X.Xx	X.Xx
Braskem	$1B	$X.XB	$14B	X.Xx	X.Xx
CropEnergies	$1B	$X.XB	—	X.Xx	X.Xx
De Nora	$1B	$X.XB	$994M	X.Xx	X.Xx
Alpek	$1B	$X.XB	$7B	X.Xx	X.Xx
Redox	$1B	$X.XB	$934M	X.Xx	X.Xx
CVR Partners	$1B	$X.XB	$606M	X.Xx	X.Xx
Petkim	$1B	$X.XB	$2B	X.Xx	X.Xx
Elementis	$1B	$X.XB	$601M	X.Xx	X.Xx
Cosmo Advanced Materials	$1B	$X.XB	$356M	X.Xx	X.Xx
Chemtrade Logistics	$1B	$X.XB	—	X.Xx	X.Xx
São Martinho	$1B	$X.XB	$1B	X.Xx	X.Xx
Stepan	$1B	$X.XB	$2B	X.Xx	X.Xx
Green Plains	$1B	$X.XB	$2B	X.Xx	X.Xx
LSB Industries	$994M	$X.XB	$639M	X.Xx	X.Xx
OCI	$916M	$X.XB	$1B	X.Xx	X.Xx
Aksa Akrilik	$897M	$X.XB	$851M	X.Xx	X.Xx
Omnia Holdings	$895M	$X.XB	$1B	X.Xx	X.Xx
Westlake Chemical	$797M	$X.XB	$1B	X.Xx	X.Xx
Kronos Worldwide	$748M	$X.XB	$2B	X.Xx	X.Xx
Koppers Holdings	$743M	$X.XB	$2B	X.Xx	X.Xx
Alok Indus	$721M	$X.XB	—	X.Xx	X.Xx
Gujarat State Fertilizers	$703M	$X.XB	$1B	X.Xx	X.Xx
AECI	$701M	$X.XB	$2B	X.Xx	X.Xx
SP Group	$688M	$X.XB	$487M	X.Xx	X.Xx
Cydsa	$685M	$X.XB	$965M	X.Xx	X.Xx
Explosifs et Produits Chimiques	$630M	$X.XB	$656M	X.Xx	X.Xx
ASP Isotopes	$630M	$X.XB	$26M	X.Xx	X.Xx
AdvanSix	$626M	$X.XB	$2B	X.Xx	X.Xx
Sheela Foam	$597M	$X.XB	$408M	X.Xx	X.Xx
SGL Carbon	$578M	$X.XB	$966M	X.Xx	X.Xx
Flotek Industries	$568M	$X.XB	$248M	X.Xx	X.Xx
Itafos	$520M	$X.XB	$569M	X.Xx	X.Xx
Alujain	$511M	$X.XB	$363M	X.Xx	X.Xx
Intrepid Potash	$502M	$X.XB	$284M	X.Xx	X.Xx
Chimcomplex SA Borzesti	$493M	$X.XB	—	X.Xx	X.Xx
Grupa Azoty	$490M	$X.XB	$4B	X.Xx	X.Xx
Gevo	$486M	$X.XB	$168M	X.Xx	X.Xx
Creta Plastics	$454M	$X.XB	—	X.Xx	X.Xx
Uzin Utz	$404M	$X.XB	$597M	X.Xx	X.Xx
Valhi	$399M	$X.XB	$2B	X.Xx	X.Xx
Orion SA	$398M	$X.XB	$2B	X.Xx	X.Xx
PCC Rokita	$383M	$X.XB	$502M	X.Xx	X.Xx
Alto Ingredients	$376M	$X.XB	$930M	X.Xx	X.Xx
Natac Natural Ingredients	$376M	$X.XB	$63M	X.Xx	X.Xx
Aduro Clean Technologies	$370M	$X.XB	$155K	X.Xx	X.Xx
Ercros	$367M	$X.XB	$780M	X.Xx	X.Xx
Oxiquim	$357M	$X.XB	—	X.Xx	X.Xx
Messer Tehnogas	$355M	$X.XB	—	X.Xx	X.Xx
Selena FM	$298M	$X.XB	$504M	X.Xx	X.Xx
Sniezka	$290M	$X.XB	$217M	X.Xx	X.Xx
NL Industries	$287M	$X.XB	$158M	X.Xx	X.Xx
Cinkarna Celje	$280M	$X.XB	$239M	X.Xx	X.Xx
Boryszew	$269M	$X.XB	—	X.Xx	X.Xx
Hudson Technologies	$262M	$X.XB	$247M	X.Xx	X.Xx
Gurit Holding	$262M	$X.XB	$405M	X.Xx	X.Xx
Exel Industries	$258M	$X.XB	$1B	X.Xx	X.Xx
Grupa Azoty Puławy	$241M	$X.XB	—	X.Xx	X.Xx
Aspo	$240M	$X.XB	$584M	X.Xx	X.Xx
Trayal Korporacija	$211M	$X.XB	—	X.Xx	X.Xx
Avantium	$204M	$X.XB	$29M	X.Xx	X.Xx
XRF Scientific	$184M	$X.XB	$45M	X.Xx	X.Xx
Solar Foods	$181M	$X.XB	$888K	X.Xx	X.Xx
Dexxos	$177M	$X.XB	$416M	X.Xx	X.Xx
H&R Gruppe	$174M	$X.XB	$1B	X.Xx	X.Xx
Masterflex	$158M	$X.XB	$121M	X.Xx	X.Xx
Carbios	$156M	$X.XB	$3M	X.Xx	X.Xx
Aemetis	$155M	$X.XB	$240M	X.Xx	X.Xx
Flugger Group	$137M	$X.XB	$363M	X.Xx	X.Xx
Delta Giri Wacana	$136M	$X.XB	—	X.Xx	X.Xx
Lhyfe	$134M	$X.XB	$16M	X.Xx	X.Xx
Afyren	$115M	$X.XB	$3M	X.Xx	X.Xx
Arla Plast	$110M	$X.XB	—	X.Xx	X.Xx
DGL Group	$108M	$X.XB	$315M	X.Xx	X.Xx
Nabaltec	$108M	$X.XB	$237M	X.Xx	X.Xx
Daios Plastic	$107M	$X.XB	—	X.Xx	X.Xx
Synthomer	$106M	$X.XB	$2B	X.Xx	X.Xx
Himsnab Bulgaria	$105M	$X.XB	—	X.Xx	X.Xx
Tronox	$104M	$X.XB	—	X.Xx	X.Xx
PCC Exol	$101M	$X.XB	—	X.Xx	X.Xx
Sulnox Group	$97M	$X.XB	$4M	X.Xx	X.Xx
Quimpac	$94M	$X.XB	—	X.Xx	X.Xx
eXoZymes	$93M	$X.XB	—	X.Xx	X.Xx
QB Industrias	$93M	$X.XB	—	X.Xx	X.Xx
Holland	$90M	$X.XB	—	X.Xx	X.Xx
Baikowski	$87M	$X.XB	—	X.Xx	X.Xx
Amoeba	$78M	$X.XB	$2M	X.Xx	X.Xx
Northern Technologies	$76M	$X.XB	$90M	X.Xx	X.Xx
American Vanguard	$75M	$X.XB	$515M	X.Xx	X.Xx
IBU-tec adv materials	$73M	$X.XB	$49M	X.Xx	X.Xx
I-Tech	$71M	$X.XB	$19M	X.Xx	X.Xx
5E Advanced Materials	$69M	$X.XB	—	X.Xx	X.Xx
Loop Industries	$67M	$X.XB	$1M	X.Xx	X.Xx
Magis	$64M	$X.XB	—	X.Xx	X.Xx
BRAIN Biotech	$61M	$X.XB	$64M	X.Xx	X.Xx
Exel Composites	$61M	$X.XB	$129M	X.Xx	X.Xx
Enka de Colombia	$57M	$X.XB	—	X.Xx	X.Xx
Grupo Pochteca	$47M	$X.XB	—	X.Xx	X.Xx
Neochim	$47M	$X.XB	—	X.Xx	X.Xx
Hub Tech	$44M	$X.XB	—	X.Xx	X.Xx
Industrie Chimiche	$40M	$X.XB	$87M	X.Xx	X.Xx
Cropmate	$40M	$X.XB	—	X.Xx	X.Xx
Bioceres	$37M	$X.XB	$335M	X.Xx	X.Xx
Carbochim	$30M	$X.XB	—	X.Xx	X.Xx
Polygiene Group	$29M	$X.XB	$17M	X.Xx	X.Xx
Green Oleo	$25M	$X.XB	—	X.Xx	X.Xx
Hove	$24M	$X.XB	—	X.Xx	X.Xx
Nexam Chemical Holding	$23M	$X.XB	$22M	X.Xx	X.Xx
Hyenergy	$22M	$X.XB	—	X.Xx	X.Xx
KGL	$20M	$X.XB	—	X.Xx	X.Xx
Carboclor	$19M	$X.XB	—	X.Xx	X.Xx
Vinpai	$19M	$X.XB	$12M	X.Xx	X.Xx
Polwax	$18M	$X.XB	—	X.Xx	X.Xx
Bergen Carbon Solutions	$16M	$X.XB	—	X.Xx	X.Xx
Melamin	$15M	$X.XB	—	X.Xx	X.Xx
Prymus	$13M	$X.XB	—	X.Xx	X.Xx
Lordos United Public	$12M	$X.XB	—	X.Xx	X.Xx
Plasticos Compuestos	$12M	$X.XB	—	X.Xx	X.Xx
Serstech	$11M	$X.XB	—	X.Xx	X.Xx
Onesano	$11M	$X.XB	—	X.Xx	X.Xx
OrganoClick	$10M	$X.XB	$12M	X.Xx	X.Xx
Directa Plus	$10M	$X.XB	$8M	X.Xx	X.Xx
Hulytego	$10M	$X.XB	—	X.Xx	X.Xx
aXichem	$9M	$X.XB	$3M	X.Xx	X.Xx
Sinteza	$9M	$X.XB	—	X.Xx	X.Xx
Encres Dubuit	$9M	$X.XB	—	X.Xx	X.Xx
Berger Paints Jamaica	$7M	$X.XB	—	X.Xx	X.Xx
Suntrade Group	$6M	$X.XB	—	X.Xx	X.Xx
Tribox Group	$6M	$X.XB	—	X.Xx	X.Xx
Eko Export	$6M	$X.XB	—	X.Xx	X.Xx
EcoRub	$4M	$X.XB	—	X.Xx	X.Xx
Svenska Aerogel	$4M	$X.XB	—	X.Xx	X.Xx
Trinseo	$4M	$X.XB	$3B	X.Xx	X.Xx
XP Chemistries	$4M	$X.XB	$284K	X.Xx	X.Xx
Cyclezyme	$4M	$X.XB	—	X.Xx	X.Xx
Sansuy Industria	$3M	$X.XB	—	X.Xx	X.Xx
Soprocal Calerias	$3M	$X.XB	—	X.Xx	X.Xx
Prebona	$3M	$X.XB	—	X.Xx	X.Xx
Nattaro Labs	$3M	$X.XB	—	X.Xx	X.Xx
POLYDUCT Plastic	$3M	$X.XB	—	X.Xx	X.Xx
SZAR	$2M	$X.XB	—	X.Xx	X.Xx
Lima Caucho	$2M	$X.XB	—	X.Xx	X.Xx
Biofrigas Sweden	$2M	$X.XB	—	X.Xx	X.Xx
Polymer Factory Sweden	$1M	$X.XB	—	X.Xx	X.Xx
Black Point	$1M	$X.XB	—	X.Xx	X.Xx
Recyctec Holding	$1M	$X.XB	—	X.Xx	X.Xx
Krakchemia	$946K	$X.XB	—	X.Xx	X.Xx
Tekchem	$864K	$X.XB	—	X.Xx	X.Xx
Meranol	$668K	$X.XB	—	X.Xx	X.Xx
Global Bioenergies	$290K	$X.XB	—	X.Xx	X.Xx
Controladora Alpek	—	$X.XB	—	X.Xx	X.Xx
Emeren Group	—	$X.XB	—	X.Xx	X.Xx