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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	$231B	$254B	$34B	7.4x	18.6x
Sherwin-Williams	$85B	$98B	$24B	4.1x	21.0x
Shin-Etsu	$79B	$71B	$16B	4.4x	12.5x
Ecolab	$78B	$86B	$17B	5.2x	21.5x
Air Products	$66B	$83B	$12B	6.7x	15.8x
Air Products	$65B	$82B	—	—	—
BASF	$55B	$79B	$71B	1.1x	10.0x
SABIC	$47B	$46B	$32B	1.4x	9.2x
Wanhua Chemical	$40B	$53B	$30B	1.7x	11.0x
Givaudan	$34B	$39B	$10B	4.0x	16.7x
Sika	$31B	$37B	$14B	2.6x	13.8x
Chandra Asri Group	$31B	$33B	—	—	—
Ningxia Baofeng Energy Group	$29B	$34B	$7B	4.6x	12.1x
Qinghai Salt Lake Industry	$29B	$26B	$3B	9.3x	17.4x
Qnity Electronics	$29B	$32B	$5B	6.6x	22.2x
Novonesis	$28B	$31B	$5B	6.2x	16.8x
Dow	$26B	$42B	$41B	1.0x	11.2x
PPG	$26B	$31B	$16B	2.0x	11.3x
Eternal Ltd	$25B	$25B	$6B	4.0x	171.2x
Hengli Petrochemical	$25B	$42B	$31B	1.3x	10.8x
Albemarle	$23B	$27B	$5B	5.0x	18.3x
LyondellBasell	$22B	$33B	$31B	1.1x	11.0x
OMV	$22B	$24B	$30B	0.8x	3.1x
Borouge	$21B	$23B	$6B	4.0x	10.7x
Industries Qatar	$20B	$18B	$4B	4.1x	13.3x
Ems-Chemie	$20B	$19B	$3B	7.7x	23.9x
SABIC Agri-Nutrient	$20B	$16B	$3B	4.7x	12.0x
DSM-Firmenich	$19B	$23B	$14B	1.7x	9.2x
DuPont	$19B	$22B	$7B	3.1x	13.1x
International Flavors & Fragrances	$19B	$25B	$11B	2.3x	12.0x
LG Chem	$19B	$34B	$32B	1.1x	7.5x
CF Industries	$18B	$19B	$7B	2.7x	6.1x
Rongsheng Petro Chemical	$17B	$45B	$45B	1.0x	9.1x
Nippon Sanso Holdings	$16B	$20B	$9B	2.4x	10.0x
Nippon Paint	$15B	$20B	$12B	1.7x	9.3x
Westlake	$15B	$18B	$11B	1.6x	13.1x
Covestro	$15B	$17B	$15B	1.1x	19.9x
Ecopro	$14B	$16B	—	—	—
Nitto Denko	$14B	$12B	$6B	1.9x	7.5x
RPM International	$14B	$17B	$8B	2.1x	13.6x
Jordan Phosphates Mines	$13B	$12B	—	—	—
Solstice Advanced Materials	$13B	$15B	$4B	3.8x	15.3x
Symrise	$13B	$15B	$6B	2.5x	11.5x
Ambuja Cements	$12B	$12B	$5B	2.7x	15.7x
Akzo Nobel	$11B	$14B	$12B	1.2x	8.5x
Brenntag	$10B	$13B	$18B	0.7x	8.7x
Sembcorp	$10B	$16B	$5B	3.3x	13.0x
Element Solutions	$9B	$10B	$3B	3.9x	18.0x
Evonik Industries	$9B	$13B	$17B	0.8x	5.9x
Eastman Chemical	$8B	$13B	$9B	1.4x	8.6x
Sasol	$7B	$X.XB	$15B	X.Xx	X.Xx
Fertiglobe	$7B	$X.XB	$3B	X.Xx	X.Xx
Celanese	$7B	$X.XB	$10B	X.Xx	X.Xx
ICL Group	$7B	$X.XB	$7B	X.Xx	X.Xx
Orica	$7B	$X.XB	$6B	X.Xx	X.Xx
Syensqo	$7B	$X.XB	$7B	X.Xx	X.Xx
Bachem	$7B	$X.XB	$988M	X.Xx	X.Xx
IMCD	$7B	$X.XB	$6B	X.Xx	X.Xx
SICC	$7B	$X.XB	$235M	X.Xx	X.Xx
Axalta Coating Systems	$6B	$X.XB	$5B	X.Xx	X.Xx
Petro Rabigh	$6B	$X.XB	$10B	X.Xx	X.Xx
SOL	$6B	$X.XB	$2B	X.Xx	X.Xx
Dottikon ES Holding	$6B	$X.XB	$598M	X.Xx	X.Xx
Bluestar Adisseo	$6B	$X.XB	$3B	X.Xx	X.Xx
Croda International	$6B	$X.XB	$2B	X.Xx	X.Xx
Balchem	$6B	$X.XB	$1B	X.Xx	X.Xx
Arkema	$6B	$X.XB	$11B	X.Xx	X.Xx
Wacker Chemie	$5B	$X.XB	$6B	X.Xx	X.Xx
Fuchs	$5B	$X.XB	$4B	X.Xx	X.Xx
Yansab	$5B	$X.XB	$2B	X.Xx	X.Xx
PI Indus	$5B	$X.XB	$748M	X.Xx	X.Xx
Luberef	$5B	$X.XB	$2B	X.Xx	X.Xx
Arab Potash Company	$5B	$X.XB	—	X.Xx	X.Xx
Perimeter Solutions	$5B	$X.XB	$711M	X.Xx	X.Xx
Viohalco	$5B	$X.XB	—	X.Xx	X.Xx
Mesaieed Petrochemical	$4B	$X.XB	—	X.Xx	X.Xx
Sensient Technologies	$4B	$X.XB	$2B	X.Xx	X.Xx
Methanex	$4B	$X.XB	$4B	X.Xx	X.Xx
Xin Feng Ming Group	$4B	$X.XB	$11B	X.Xx	X.Xx
Dyno Nobel	$4B	$X.XB	$3B	X.Xx	X.Xx
Cabot	$4B	$X.XB	$4B	X.Xx	X.Xx
Gubre Fabrikalari	$4B	$X.XB	—	X.Xx	X.Xx
POCO Holdings Co.	$4B	$X.XB	$299M	X.Xx	X.Xx
Shanghai Petrochemical	$4B	$X.XB	$10B	X.Xx	X.Xx
H.B. Fuller	$4B	$X.XB	$4B	X.Xx	X.Xx
Avient	$4B	$X.XB	$3B	X.Xx	X.Xx
Chemours	$4B	$X.XB	$6B	X.Xx	X.Xx
Clariant	$3B	$X.XB	$5B	X.Xx	X.Xx
Solvay	$3B	$X.XB	$5B	X.Xx	X.Xx
Enaex	$3B	$X.XB	—	X.Xx	X.Xx
Kemira	$3B	$X.XB	$3B	X.Xx	X.Xx
Hawkins	$3B	$X.XB	$1B	X.Xx	X.Xx
Sipchem	$3B	$X.XB	$2B	X.Xx	X.Xx
Olin	$3B	$X.XB	$7B	X.Xx	X.Xx
K+S	$3B	$X.XB	$4B	X.Xx	X.Xx
Hexpol	$3B	$X.XB	$2B	X.Xx	X.Xx
Azelis Group	$3B	$X.XB	$5B	X.Xx	X.Xx
WD-40	$3B	$X.XB	$645M	X.Xx	X.Xx
Calumet	$3B	$X.XB	$4B	X.Xx	X.Xx
OQ Base Industries	$3B	$X.XB	$589M	X.Xx	X.Xx
Verbio	$3B	$X.XB	$2B	X.Xx	X.Xx
Ashland	$3B	$X.XB	$2B	X.Xx	X.Xx
Ingevity	$3B	$X.XB	$1B	X.Xx	X.Xx
Turpaz Industries	$3B	$X.XB	—	X.Xx	X.Xx
Saudi Industrial Investment Group	$2B	$X.XB	—	X.Xx	X.Xx
Quaker Houghton	$2B	$X.XB	$2B	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
FMC	$2B	$X.XB	$4B	X.Xx	X.Xx
Zeon	$2B	$X.XB	$3B	X.Xx	X.Xx
Alzchem Group	$2B	$X.XB	$677M	X.Xx	X.Xx
Potasios De Chile	$2B	$X.XB	—	X.Xx	X.Xx
Saudi Kayan	$2B	$X.XB	$2B	X.Xx	X.Xx
Abu Qir Fertilizers	$2B	$X.XB	$585M	X.Xx	X.Xx
Robertet	$2B	$X.XB	$1B	X.Xx	X.Xx
Advanced Petrochemical	$2B	$X.XB	$1B	X.Xx	X.Xx
Elkem	$2B	$X.XB	$3B	X.Xx	X.Xx
Castrol India	$2B	$X.XB	$640M	X.Xx	X.Xx
National Industralization	$2B	$X.XB	$726M	X.Xx	X.Xx
Innospec	$2B	$X.XB	$2B	X.Xx	X.Xx
Saudi Chemical	$2B	$X.XB	—	X.Xx	X.Xx
Lanxess	$2B	$X.XB	$7B	X.Xx	X.Xx
Solvac	$2B	$X.XB	—	X.Xx	X.Xx
RHI Magnesita	$2B	$X.XB	$4B	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
Ecovyst	$1B	$X.XB	$782M	X.Xx	X.Xx
Tronox Holdings	$1B	$X.XB	$3B	X.Xx	X.Xx
De Nora	$1B	$X.XB	$992M	X.Xx	X.Xx
CropEnergies	$1B	$X.XB	—	X.Xx	X.Xx
Unipar	$1B	$X.XB	$988M	X.Xx	X.Xx
Cosmo Advanced Materials	$1B	$X.XB	$338M	X.Xx	X.Xx
Braskem	$1B	$X.XB	$14B	X.Xx	X.Xx
CVR Partners	$1B	$X.XB	$606M	X.Xx	X.Xx
Petkim	$1B	$X.XB	$2B	X.Xx	X.Xx
Alpek	$1B	$X.XB	$7B	X.Xx	X.Xx
Chemtrade Logistics	$1B	$X.XB	—	X.Xx	X.Xx
Redox	$1B	$X.XB	$939M	X.Xx	X.Xx
Elementis	$1B	$X.XB	$601M	X.Xx	X.Xx
Stepan	$1B	$X.XB	$2B	X.Xx	X.Xx
Green Plains	$1B	$X.XB	$2B	X.Xx	X.Xx
São Martinho	$1B	$X.XB	$1B	X.Xx	X.Xx
LSB Industries	$1B	$X.XB	$641M	X.Xx	X.Xx
Aksa Akrilik	$926M	$X.XB	$857M	X.Xx	X.Xx
OCI	$898M	$X.XB	$1B	X.Xx	X.Xx
Omnia Holdings	$875M	$X.XB	$1B	X.Xx	X.Xx
Westlake Chemical	$787M	$X.XB	$1B	X.Xx	X.Xx
Alok Indus	$738M	$X.XB	—	X.Xx	X.Xx
Gujarat State Fertilizers	$738M	$X.XB	$1B	X.Xx	X.Xx
Kronos Worldwide	$727M	$X.XB	$2B	X.Xx	X.Xx
Koppers Holdings	$724M	$X.XB	$2B	X.Xx	X.Xx
AECI	$722M	$X.XB	$2B	X.Xx	X.Xx
Cydsa	$702M	$X.XB	$964M	X.Xx	X.Xx
ASP Isotopes	$689M	$X.XB	$26M	X.Xx	X.Xx
SP Group	$674M	$X.XB	$489M	X.Xx	X.Xx
Explosifs et Produits Chimiques	$666M	$X.XB	$657M	X.Xx	X.Xx
Sheela Foam	$643M	$X.XB	$410M	X.Xx	X.Xx
AdvanSix	$598M	$X.XB	$2B	X.Xx	X.Xx
SGL Carbon	$597M	$X.XB	$956M	X.Xx	X.Xx
Flotek Industries	$568M	$X.XB	$249M	X.Xx	X.Xx
Alujain	$503M	$X.XB	$364M	X.Xx	X.Xx
Itafos	$499M	$X.XB	$570M	X.Xx	X.Xx
Chimcomplex SA Borzesti	$488M	$X.XB	—	X.Xx	X.Xx
Grupa Azoty	$482M	$X.XB	$4B	X.Xx	X.Xx
Intrepid Potash	$481M	$X.XB	$283M	X.Xx	X.Xx
Creta Plastics	$444M	$X.XB	—	X.Xx	X.Xx
Gevo	$437M	$X.XB	$169M	X.Xx	X.Xx
Uzin Utz	$419M	$X.XB	$597M	X.Xx	X.Xx
Valhi	$408M	$X.XB	$2B	X.Xx	X.Xx
Orion SA	$397M	$X.XB	$2B	X.Xx	X.Xx
Aduro Clean Technologies	$388M	$X.XB	$156K	X.Xx	X.Xx
Alto Ingredients	$378M	$X.XB	$931M	X.Xx	X.Xx
PCC Rokita	$374M	$X.XB	$503M	X.Xx	X.Xx
Ercros	$367M	$X.XB	$779M	X.Xx	X.Xx
Messer Tehnogas	$367M	$X.XB	—	X.Xx	X.Xx
Natac Natural Ingredients	$365M	$X.XB	$64M	X.Xx	X.Xx
Oxiquim	$359M	$X.XB	—	X.Xx	X.Xx
Selena FM	$308M	$X.XB	$504M	X.Xx	X.Xx
Sniezka	$301M	$X.XB	$217M	X.Xx	X.Xx
Cinkarna Celje	$293M	$X.XB	$239M	X.Xx	X.Xx
NL Industries	$281M	$X.XB	$158M	X.Xx	X.Xx
Hudson Technologies	$272M	$X.XB	$247M	X.Xx	X.Xx
Exel Industries	$263M	$X.XB	$1B	X.Xx	X.Xx
Boryszew	$259M	$X.XB	—	X.Xx	X.Xx
Grupa Azoty Puławy	$238M	$X.XB	—	X.Xx	X.Xx
Aspo	$233M	$X.XB	$572M	X.Xx	X.Xx
Gurit Holding	$233M	$X.XB	$405M	X.Xx	X.Xx
Avantium	$227M	$X.XB	$30M	X.Xx	X.Xx
Trayal Korporacija	$212M	$X.XB	—	X.Xx	X.Xx
Solar Foods	$192M	$X.XB	$932K	X.Xx	X.Xx
H&R Gruppe	$191M	$X.XB	$1B	X.Xx	X.Xx
XRF Scientific	$189M	$X.XB	$45M	X.Xx	X.Xx
Aemetis	$180M	$X.XB	$243M	X.Xx	X.Xx
Dexxos	$178M	$X.XB	$417M	X.Xx	X.Xx
Carbios	$165M	$X.XB	$7M	X.Xx	X.Xx
Masterflex	$163M	$X.XB	$121M	X.Xx	X.Xx
Flugger Group	$160M	$X.XB	$362M	X.Xx	X.Xx
Lhyfe	$134M	$X.XB	$16M	X.Xx	X.Xx
Delta Giri Wacana	$132M	$X.XB	—	X.Xx	X.Xx
Synthomer	$124M	$X.XB	$2B	X.Xx	X.Xx
Nabaltec	$112M	$X.XB	$235M	X.Xx	X.Xx
Arla Plast	$109M	$X.XB	—	X.Xx	X.Xx
Sulnox Group	$106M	$X.XB	$4M	X.Xx	X.Xx
Daios Plastic	$106M	$X.XB	—	X.Xx	X.Xx
Himsnab Bulgaria	$104M	$X.XB	—	X.Xx	X.Xx
Afyren	$103M	$X.XB	$3M	X.Xx	X.Xx
Tronox	$102M	$X.XB	—	X.Xx	X.Xx
PCC Exol	$101M	$X.XB	—	X.Xx	X.Xx
Quimpac	$93M	$X.XB	—	X.Xx	X.Xx
IBU-tec adv materials	$92M	$X.XB	$49M	X.Xx	X.Xx
QB Industrias	$92M	$X.XB	—	X.Xx	X.Xx
Holland	$91M	$X.XB	—	X.Xx	X.Xx
eXoZymes	$90M	$X.XB	—	X.Xx	X.Xx
Baikowski	$87M	$X.XB	—	X.Xx	X.Xx
American Vanguard	$85M	$X.XB	$515M	X.Xx	X.Xx
Amoeba	$79M	$X.XB	$2M	X.Xx	X.Xx
DGL Group	$77M	$X.XB	$315M	X.Xx	X.Xx
Northern Technologies	$77M	$X.XB	$90M	X.Xx	X.Xx
I-Tech	$73M	$X.XB	$19M	X.Xx	X.Xx
Exel Composites	$68M	$X.XB	$129M	X.Xx	X.Xx
5E Advanced Materials	$67M	$X.XB	—	X.Xx	X.Xx
Magis	$67M	$X.XB	—	X.Xx	X.Xx
BRAIN Biotech	$64M	$X.XB	$64M	X.Xx	X.Xx
Loop Industries	$64M	$X.XB	$1M	X.Xx	X.Xx
Enka de Colombia	$57M	$X.XB	—	X.Xx	X.Xx
Grupo Pochteca	$47M	$X.XB	—	X.Xx	X.Xx
Neochim	$46M	$X.XB	—	X.Xx	X.Xx
Hub Tech	$43M	$X.XB	—	X.Xx	X.Xx
Bioceres	$42M	$X.XB	$335M	X.Xx	X.Xx
Industrie Chimiche	$40M	$X.XB	$87M	X.Xx	X.Xx
Cropmate	$36M	$X.XB	—	X.Xx	X.Xx
Carbochim	$31M	$X.XB	—	X.Xx	X.Xx
Polygiene Group	$29M	$X.XB	$17M	X.Xx	X.Xx
Nexam Chemical Holding	$26M	$X.XB	$22M	X.Xx	X.Xx
Hove	$25M	$X.XB	—	X.Xx	X.Xx
Green Oleo	$23M	$X.XB	—	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	$17M	$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
Onesano	$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
Directa Plus	$10M	$X.XB	—	X.Xx	X.Xx
Hulytego	$9M	$X.XB	—	X.Xx	X.Xx
OrganoClick	$9M	$X.XB	$12M	X.Xx	X.Xx
aXichem	$9M	$X.XB	$3M	X.Xx	X.Xx
Sinteza	$9M	$X.XB	—	X.Xx	X.Xx
Encres Dubuit	$8M	$X.XB	—	X.Xx	X.Xx
Berger Paints Jamaica	$7M	$X.XB	—	X.Xx	X.Xx
Tribox Group	$7M	$X.XB	—	X.Xx	X.Xx
Suntrade Group	$6M	$X.XB	—	X.Xx	X.Xx
Eko Export	$6M	$X.XB	—	X.Xx	X.Xx
XP Chemistries	$4M	$X.XB	$297K	X.Xx	X.Xx
EcoRub	$4M	$X.XB	—	X.Xx	X.Xx
Cyclezyme	$4M	$X.XB	—	X.Xx	X.Xx
Trinseo	$4M	$X.XB	$3B	X.Xx	X.Xx
POLYDUCT Plastic	$4M	$X.XB	—	X.Xx	X.Xx
Svenska Aerogel	$4M	$X.XB	—	X.Xx	X.Xx
Sansuy Industria	$3M	$X.XB	—	X.Xx	X.Xx
Nattaro Labs	$3M	$X.XB	—	X.Xx	X.Xx
Soprocal Calerias	$3M	$X.XB	—	X.Xx	X.Xx
Prebona	$3M	$X.XB	—	X.Xx	X.Xx
Biofrigas Sweden	$2M	$X.XB	—	X.Xx	X.Xx
SZAR	$2M	$X.XB	—	X.Xx	X.Xx
Lima Caucho	$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
Krakchemia	$882K	$X.XB	—	X.Xx	X.Xx
Recyctec Holding	$872K	$X.XB	—	X.Xx	X.Xx
Tekchem	$859K	$X.XB	—	X.Xx	X.Xx
Meranol	$664K	$X.XB	—	X.Xx	X.Xx
Global Bioenergies	$411K	$X.XB	—	X.Xx	X.Xx
Controladora Alpek	—	$X.XB	—	X.Xx	X.Xx
Emeren Group	—	$X.XB	—	X.Xx	X.Xx