EMN
Eastman Chemical Company Materials - Chemicals Investor Relations →
Eastman Chemical Company (EMN) closed at $65.33 as of 2026-03-20, trading 16.2% below its 200-week moving average of $77.99. This places EMN in the extreme value zone. The stock is currently moving closer to the line, down from -12.4% last week. The 14-week RSI sits at 53, indicating neutral momentum.
A big spike in selling this week — 2.0x the usual volume, and the price dropped. Sometimes this kind of heavy selling marks the end of a decline. The idea is that the last reluctant holders have finally sold, leaving fewer sellers left to push the price lower.
Over the past 1635 weeks of data, EMN has crossed below its 200-week moving average 33 times. On average, these episodes lasted 15 weeks. Historically, investors who bought EMN at the start of these episodes saw an average one-year return of +9.2%.
With a market cap of $7.5 billion, EMN is a mid-cap stock. The company generates a free cash flow yield of 5.3%, which is healthy. Return on equity stands at 8.0%. The stock trades at 1.2x book value.
Over the past 31.4 years, a hypothetical investment of $100 in EMN would have grown to $756, compared to $2476 for the S&P 500. EMN has returned 6.6% annualized vs 10.8% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 5.2% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: EMN vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After EMN Crosses Below the Line?
Across 33 historical episodes, buying EMN when it crossed below its 200-week moving average produced an average return of +10.5% after 12 months (median +10.0%), compared to +15.7% for the S&P 500 over the same periods. 76% of those episodes were profitable after one year. After 24 months, the average return was +27.6% vs +34.4% for the index.
Each line shows $100 invested at the moment EMN crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
EMN has crossed below its 200-week MA 33 times with an average 1-year return of +9.2% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Nov 1994 | Nov 1994 | 1 | 1.2% | +47.8% | +705.2% |
| Jul 1996 | Aug 1996 | 6 | 5.1% | +11.3% | +558.4% |
| Oct 1996 | Nov 1996 | 3 | 2.7% | +24.7% | +567.2% |
| Mar 1997 | May 1997 | 7 | 3.4% | +33.6% | +549.1% |
| Aug 1998 | Oct 1998 | 9 | 12.1% | -5.0% | +497.5% |
| Dec 1998 | Apr 1999 | 19 | 28.1% | +3.2% | +609.9% |
| May 1999 | Apr 2000 | 49 | 30.6% | +6.3% | +525.2% |
| May 2000 | Dec 2000 | 30 | 27.1% | +8.9% | +534.4% |
| Jan 2001 | Feb 2001 | 5 | 10.3% | -5.3% | +542.5% |
| Mar 2001 | Mar 2001 | 1 | 0.9% | +8.5% | +530.7% |
| Jun 2001 | Feb 2002 | 36 | 33.6% | +1.6% | +527.0% |
| Jul 2002 | Jul 2002 | 1 | 4.2% | -11.7% | +599.0% |
| Sep 2002 | Dec 2003 | 63 | 28.4% | -11.7% | +601.4% |
| Sep 2008 | Aug 2009 | 44 | 65.5% | +4.6% | +336.5% |
| Aug 2009 | Sep 2009 | 1 | 0.7% | +35.2% | +320.6% |
| Sep 2009 | Oct 2009 | 1 | 0.2% | +52.9% | +317.4% |
| Sep 2015 | Oct 2015 | 2 | 2.4% | +0.8% | +38.2% |
| Nov 2015 | Nov 2015 | 1 | 0.5% | +12.6% | +34.2% |
| Dec 2015 | Mar 2016 | 13 | 13.2% | +17.5% | +36.4% |
| Jun 2016 | Nov 2016 | 21 | 11.4% | +19.5% | +27.3% |
| Nov 2018 | Jan 2019 | 8 | 10.5% | +3.3% | +10.1% |
| Mar 2019 | Apr 2019 | 2 | 3.0% | -43.4% | +11.9% |
| May 2019 | Jun 2019 | 7 | 16.5% | -14.1% | +11.0% |
| Jul 2019 | Oct 2019 | 13 | 20.3% | +10.6% | +18.4% |
| Nov 2019 | Dec 2019 | 3 | 0.7% | +29.8% | +6.6% |
| Dec 2019 | Aug 2020 | 35 | 46.7% | +37.5% | +8.0% |
| Sep 2022 | Nov 2022 | 10 | 16.8% | +3.7% | -4.3% |
| Dec 2022 | Jan 2023 | 4 | 4.7% | +3.6% | -11.9% |
| Feb 2023 | Jul 2023 | 20 | 8.7% | +7.4% | -11.3% |
| Jul 2023 | Dec 2023 | 20 | 17.5% | +20.9% | -15.6% |
| Jan 2024 | Mar 2024 | 8 | 6.2% | +3.8% | -17.7% |
| Dec 2024 | Jan 2025 | 2 | 3.5% | -24.1% | -22.0% |
| Mar 2025 | Ongoing | 53+ | 31.8% | Ongoing | -22.7% |
| Average | 15 | — | +9.2% | — |
Frequently Asked Questions
Is EMN below its 200-week moving average?
Yes. As of 2026-03-20, Eastman Chemical Company (EMN) is trading 16.2% below its 200-week moving average of $77.99. The current price is $65.33.
What is EMN's 200-week moving average price?
Eastman Chemical Company's 200-week moving average is $77.99 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when EMN drops below its 200-week moving average?
EMN has crossed below its 200-week moving average 33 times in our data. On average, buying at that moment produced a one-year return of +9.2%. These dips have historically been decent entry points. These episodes lasted 15 weeks on average.
Is EMN a good value right now?
Here's what our data says about EMN as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 53. Free cash flow yield is 5.3%. Return on equity is 8.0%. Price-to-book is 1.2x. This is not a buy or sell recommendation — always do your own research.
How does EMN compare to the S&P 500?
Over the past 31.4 years, $100 invested in EMN would have grown to $756, compared to $2476 for the S&P 500. That's 6.6% annualized vs 10.8% for the index. EMN has underperformed the broader market over this period.
Does EMN pay a dividend?
Yes. Eastman Chemical Company currently pays a dividend yield of 511.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20