LYB
LyondellBasell Industries N.V.
LYB's fundamentals are strong, but it looks expensive: trading at 16x earnings, above its usual 12x. Analysts expect earnings to hold roughly steady, though they disagree widely on how much.
LYB Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Stable |
LYB's revenue, profitability and cash flow are currently healthy, and its balance sheet is stable.
LYB PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.1x | $24.33 | -62% |
| Forward | 10x | $63.88 | — |
| Fair | 12x | $46.35 | -27% |
| Current | 16x | $63.88 | — |
| Expensive | 17x | $68.97 | +8% |
Historical ranges are pointers, not guarantees.
LYB's PE is in its expensive range at 16x. On analysts' estimates for next year's earnings, today's price would be 10x, in its fair range.
LYB Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Low |
Analysts expect LYB's earnings, revenue and profitability to hold roughly steady. However, they disagree widely on these estimates.
LYB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $6.39 | +61% |
| Q3 2026 | $3.96 | +$7.71 |
| Q2 2026 | -$1.13 | -247% |
| Q1 2026 | -$2.50 | -177% |
| Q4 2025 | -$2.34 | -156% |
| Q3 2025 | -$3.75 | -157% |
| Q2 2025 | $0.77 | -89% |
| Q1 2025 | $3.25 | -50% |
| Q4 2024 | $4.15 | -36% |
LYB has returned to profit: it earned $3.96 per share over the past year, after losing money the year before.
LYB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $8.5B | +10% |
| Q2 2026 | $9.2B | +20% |
| Q1 2026 | $7.2B | -6.3% |
| Q4 2025 | $7.1B | -25% |
| Q3 2025 | $7.7B | -25% |
| Q2 2025 | $7.7B | -27% |
| Q1 2025 | $7.7B | -23% |
| Q4 2024 | $9.5B | -4.4% |
LYB's revenue is recovering but still below its 2022 peak: $8.5B last quarter, up 10% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 13% | +22 points |
| Q2 2026 | 17% | +13 points |
| Q1 2026 | 3.3% | +1.8 points |
| Q4 2025 | -1.2% | +5.7 points |
| Q3 2025 | -9.5% | -17 points |
| Q2 2025 | 3.7% | -5.5 points |
| Q1 2025 | 1.5% | -5.6 points |
| Q4 2024 | -6.9% | -10 points |
LYB's operating margin was 13% last quarter, up 22 points from the same quarter a year ago.
LYB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.4B | +145% |
| Q2 2026 | $482M | +$670M |
| Q1 2026 | -$538M | +$524M |
| Q4 2025 | $1.1B | -25% |
| Q3 2025 | $577M | +91% |
| Q2 2025 | -$188M | -122% |
| Q1 2025 | -$1.1B | -$465M |
| Q4 2024 | $1.4B | +38% |
LYB still generates free cash flow, though less than at its 2021 peak: $2.4B over the past year.
LYB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +205K shares |
| 1 year | +0.4% | +1.4M shares |
| 3 years | -0.3% | -1.1M shares |
| 5 years | -2.9% | -9.5M shares |
| Available history | -3.1% | -10.3M shares |
LYB has 323M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | $91M |
| Q1 2025 | $110M |
| Q4 2024 | $78M |
LYB hasn't bought back shares in the past year.
LYB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.2x | Moderate |
| Q2 2026 | 4.3x | High |
| Q1 2026 | 9.2x | High |
| Q4 2025 | 9.8x | High |
| Q3 2025 | 25.0x | High |
| Q2 2025 | 5.2x | High |
| Q1 2025 | 3.5x | Elevated |
| Q4 2024 | 2.3x | Moderate |
LYB's net debt is about 2.2 years of its operating earnings (EBITDA), down from more than 20 years a year ago.
LYB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 51.5 | Neutral |
| Stochastic | 64.4 | Neutral |
LYB's weekly RSI is 52 (neutral) and its Stochastic is 64 (neutral).
LYB PE vs Basic Materials Sector
| Metric | LYB | Sector median | Relative |
|---|---|---|---|
| PE | 16x | 19x | 13% below |
| PE % | 80 | 40 | 40 pts above |
LYB is trading at 16x earnings, a 13% discount to the Basic Materials sector's median of 19x.
LYB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $62.6 | 2.1% above |
| 20 week MA | $61.8 | 3.4% above |
| 50 week MA | $61.3 | 4.2% above |
| 100 week MA | $61.0 | 4.8% above |
| 200 week MA | $77.7 | 18% below |
LYB has bounced recently, but its long-term trend is still down: it's above its 8-, 20-, 50- and 100-week averages, but 18% below its 200-week average.
LYB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $93.8 | $90.6 | -3.4% |
| 2021 | $90.6 | $90.6 | -0.1% |
| 2022 | $90.6 | $83.1 | -8.2% |
| 2023 | $83.1 | $95.1 | +14% |
| 2024 | $95.1 | $74.1 | -22% |
| 2025 | $74.1 | $43.3 | -42% |
| 2026 YTD | $43.3 | $63.9 | +48% |
LYB is up 48% so far in 2026, after finishing lower in five of the previous six years.