Materials stocks with the lowest EV/EBIT

Ranked

106

of 203 materials stocks we cover

Median

15.9×

Lowest

2.2×

USNA

Range

2.2× to 165×

#	Company	EV/EBIT	PE	Operating margin	Market cap
1	USNAUsana Health Sciences, Chemicals	2.2×	n/m	−0.1%	$257.9M
2	WLKPWestlake Chemical Partners, Chemicals - Specialty	3.1×	13.0×	28.8%	$745.5M
3	SSRMSSR Mining, Other Precious Metals	5.1×	9.6×	40.2%	$5.8B
4	CENXCentury Aluminum, Aluminum	5.2×	5.4×	25.4%	$3.1B
5	CSTMConstellium, Steel	5.2×	6.0×	8.4%	$3.1B
6	CTVACorteva, Agricultural Inputs	6.4×	8.2×	14.8%	$8.3B
7	BWENBroadwind, Steel	6.4×	n/m	6.3%	$68.6M
8	CFCF Industries, Agricultural Inputs	7.4×	8.9×	41.1%	$18.3B
9	REXREX AMERICAN RESOURCES, Chemicals - Specialty	7.7×	10.9×	15.4%	$1.3B
10	VFFVillage Farms International, Agricultural Inputs	7.7×	14.3×	16.0%	$314.9M
11	OECOrion, Chemicals	8.0×	n/m	−0.2%	$308M
12	KOPKoppers, Paper, Lumber & Forest Products	8.3×	n/m	−2.2%	$759.9M
13	CECelanese, Chemicals	8.5×	n/m	−7.1%	$5.2B
14	GPREGreen Plains, Chemicals - Specialty	8.8×	8.8×	7.4%	$979.9M
15	CBTCabot, Chemicals	8.9×	20.8×	13.6%	$3.8B
16	ALTOAlto Ingredients, Chemicals - Specialty	9.0×	5.4×	3.8%	$280M
17	UANCVR Partners, Agricultural Inputs	9.2×	8.3×	28.1%	$1.3B
18	TGLSTecnoglass, Construction Materials	9.6×	13.5×	18.3%	$1.7B
19	FRDFriedman Industries, Steel	10.0×	10.9×	5.3%	$301.7M
20	DMCDEL Monte, Agricultural Inputs	10.1×	41.6×	1.8%	$1.4B
21	LYBLyondellBasell Industries, Chemicals - Specialty	10.1×	n/m	3.1%	$21.5B
22	BTMDbiote, Chemicals	10.5×	10.7×	8.0%	$38.4M
23	FULFuller H B, Chemicals	10.7×	13.8×	10.4%	$2.7B
24	LEGHLegacy Housing, Paper, Lumber & Forest Products	10.9×	12.9×	32.8%	$666.8M
25	AVDAmerican Vanguard, Agricultural Inputs	10.9×	n/m	−5.2%	$30.4M
26	IIINInsteel Industries, Steel	11.1×	14.9×	6.6%	$537.6M
27	APOGApogee Enterprises, Construction Materials	11.1×	13.8×	7.2%	$911.7M
28	PPGPPG Industries, Chemicals - Specialty	11.7×	15.8×	13.1%	$24.6B
29	CDECoeur Mining, Gold	11.8×	11.1×	33.8%	$13.8B
30	IOSPInnospec, Chemicals	12.0×	20.1×	7.0%	$2.4B
31	EXPEagle Materials, Construction Materials	12.4×	13.8×	23.2%	$5.4B
32	UFPIUFP Industries, Paper, Lumber & Forest Products	12.6×	18.6×	5.1%	$4.5B
33	VHIValhi, Chemicals - Specialty	12.8×	n/m	1.5%	$405.6M
34	CRHCRH, Construction Materials	12.8×	15.0×	14.3%	$56.5B
35	FBINFortune Brands Innovations, Paper, Lumber & Forest Products	12.8×	34.9×	6.8%	$5.1B
36	IDRIdaho Strategic Resources, Gold	13.1×	13.5×	45.1%	$303.5M
37	HLHecla Mining, Construction Materials	13.2×	28.3×	46.0%	$9.3B
38	CMCCOMMERCIAL METALS, Steel	13.3×	n/m	9.1%	$6.9B
39	OCOwens Corning, Construction Materials	13.3×	n/m	0.5%	$9B
40	MATWMatthews International, Steel	13.3×	n/m	6.3%	$601.2M
41	CMPCompass Minerals International, Construction Materials	13.4×	n/m	8.9%	$892.9M
42	SMGScotts Miracle-Gro, Agricultural Inputs	13.7×	51.1×	11.8%	$3.5B
43	AMRZAmrize, Construction Materials	14.1×	18.0×	15.5%	$21.6B
44	AXTAAxalta Coating Systems, Chemicals - Specialty	14.4×	21.1×	13.2%	$7.3B
45	RPMRPM International, Chemicals - Specialty	14.5×	18.3×	12.1%	$12.6B
46	AVNTAvient, Chemicals	14.6×	22.2×	9.5%	$3.8B
47	NAGENiagen Bioscience, Chemicals	14.9×	13.5×	8.2%	$192.3M
48	MUXMcEwen, Gold	14.9×	12.5×	25.2%	$897.7M
49	LXULSB Industries, Chemicals - Specialty	15.0×	19.8×	9.5%	$712.1M
50	SKYChampion Homes, Paper, Lumber & Forest Products	15.1×	23.1×	8.7%	$4.3B
51	IFFInternational Flavors & Fragrances, Chemicals - Specialty	15.3×	82.6×	7.6%	$24B
52	NUENucor, Steel	15.4×	20.6×	11.4%	$58.6B
53	FCXFreeport-McMoRan, Copper	15.9×	32.1×	26.8%	$93.6B
54	NEUNewmarket, Chemicals - Specialty	16.0×	18.7×	20.0%	$8B
55	DOWDow, Chemicals	16.1×	n/m	−0.2%	$23.6B
56	NLNLI, Chemicals - Specialty	16.2×	n/m	9.2%	$328.6M
57	ROCKGibraltar Industries, Steel	16.2×	n/m	7.6%	$1.2B
58	ROGRogers, Chemicals	16.3×	71.4×	6.4%	$2.2B
59	KNFKnife River, Construction Materials	16.3×	21.7×	8.3%	$3B
60	SOLSSolstice Advanced Materials, Chemicals	16.4×	n/m	14.3%	$9.4B
61	NGVTIngevity, Chemicals	16.8×	47.4×	11.8%	$2.4B
62	SCCOSouthern Copper, Copper	17.3×	24.3×	58.6%	$154.4B
63	CLXClorox, Chemicals - Specialty	17.5×	17.9×	13.6%	$10.4B
64	CVCOCavco Industries, Paper, Lumber & Forest Products	17.6×	23.2×	9.6%	$4.1B
65	USLMUnited States Lime & Minerals, Construction Materials	17.7×	23.9×	42.1%	$3.2B
66	RSReliance Steel & Aluminum, Steel	17.9×	24.2×	7.8%	$21.2B
67	TWITitan International, Steel	18.0×	n/m	−0.1%	$436.3M
68	ECVTEcovyst, Chemicals	18.0×	n/m	9.4%	$1.1B
69	CTGOContango Silver & Gold, Gold	18.4×	n/m	n/m	$483.2M
70	STLDSteel Dynamics, Steel	18.5×	21.9×	10.0%	$34.6B
71	BVBrightView, Agricultural Inputs	19.2×	n/m	3.5%	$980.6M
72	CRSCarpenter Technology, Steel	19.6×	27.1×	22.5%	$14.1B
73	RGLDRoyal Gold, Gold	20.0×	24.8×	61.4%	$19.3B
74	EMNEastman Chemical, Chemicals	20.7×	16.9×	9.1%	$7.4B
75	TREXTrex, Paper, Lumber & Forest Products	22.2×	30.0×	20.2%	$5.1B
76	LXFRLuxfer, Chemicals - Specialty	22.3×	59.6×	6.3%	$462.4M
77	SHWSherwin-Williams, Chemicals - Specialty	22.8×	31.1×	16.4%	$81.8B
78	APDAir Products and Chemicals, Chemicals - Specialty	22.9×	n/m	−4.7%	$68.4B
79	VMCVulcan Materials, Construction Materials	23.2×	30.9×	20.2%	$33.9B
80	FTKFlotek Industries, Chemicals	23.7×	24.1×	12.8%	$865.7M
81	ALBAlbemarle, Chemicals	24.2×	347×	4.3%	$11.1B
82	WDFCWD 40, Chemicals	24.6×	32.3×	17.5%	$2.9B
83	IPIIntrepid Potash, Construction Materials	24.7×	15.8×	3.3%	$420.3M
84	ESIElement Solutions, Chemicals	25.4×	44.9×	12.6%	$8.1B
85	BCPCBalchem, Chemicals	25.9×	34.8×	20.4%	$5.6B
86	CSWCSW Industrials, Chemicals	26.0×	40.6×	16.5%	$4.8B
87	SXTSensient Technologies, Chemicals - Specialty	26.2×	35.8×	14.0%	$5.6B
88	SNDSmart Sand, Construction Materials	26.3×	18.3×	2.0%	$201.8M
89	MLMMartin Marietta Materials, Construction Materials	26.3×	12.5×	20.6%	$30.5B
90	WSWorthington Steel, Steel	26.4×	n/m	0.1%	$2.1B
91	DDDuPont de Nemours, Chemicals	28.0×	303×	6.7%	$18.4B
92	LINLinde, Chemicals - Specialty	28.2×	32.9×	26.5%	$234.6B
93	ECLEcolab, Chemicals - Specialty	29.5×	38.7×	16.9%	$80.9B
94	HXLHexcel, Chemicals	30.4×	40.0×	11.5%	$6B
95	MOSMosaic, Agricultural Inputs	32.2×	n/m	−1.4%	$5.7B
96	SXCSunCoke Energy, Steel	34.0×	n/m	−2.7%	$849.6M
97	MSBMesabi Trust, Other Precious Metals	34.2×	n/m	n/m	$239.3M
98	JCIJohnson Controls International, Construction Materials	34.9×	25.0×	10.9%	$87.2B
99	WORWorthington Enterprises, Steel	42.3×	19.2×	5.6%	$3.1B
100	WLKWestlake, Chemicals - Specialty	53.0×	n/m	−11.0%	$8.3B

The first 100 of 106.

Not ranked: 68 with a loss over the last year, 12 with not a meaningful number, 1 with a value above 300× (too small a base to compare). 13 companies whose data behind this number has a caveat are left out until it is checked.

A ranking of numbers, not a recommendation. A low multiple can be a bargain or a business in trouble: open the company to see which.