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U.S. Materials Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies458
  • 7D2.6%
  • 3M25.5%
  • 1Y36.2%
  • YTD20.1%

In the last week, the Materials industry is up 2.6%, with Southern Copper up 5.4%. This means that the industry has gained 36% over the past year. Earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

Has the U.S. Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026US$2.1tUS$845.4bUS$43.6b23.2x48.4x2.5x
Wed, 28 Jan 2026US$2.0tUS$854.3bUS$46.4b25.1x42.6x2.3x
Fri, 26 Dec 2025US$1.8tUS$853.0bUS$45.8b23.7x38.4x2.1x
Sun, 23 Nov 2025US$1.6tUS$852.7bUS$45.8b21.9x35x1.9x
Tue, 21 Oct 2025US$1.7tUS$835.9bUS$47.1b24.1x36.4x2x
Thu, 18 Sep 2025US$1.7tUS$838.3bUS$47.2b24x35.4x2x
Sat, 16 Aug 2025US$1.6tUS$838.2bUS$47.4b23.1x34.5x2x
Mon, 14 Jul 2025US$1.6tUS$832.9bUS$48.5b23.3x33.3x1.9x
Wed, 11 Jun 2025US$1.6tUS$852.8bUS$48.4b22.1x32.5x1.8x
Fri, 09 May 2025US$1.5tUS$852.2bUS$47.8b21.4x31.1x1.7x
Sun, 06 Apr 2025US$1.4tUS$863.9bUS$54.0b18.2x25.6x1.6x
Tue, 04 Mar 2025US$1.6tUS$868.7bUS$54.4b20.9x29x1.8x
Thu, 30 Jan 2025US$1.6tUS$872.9bUS$48.5b22x32.6x1.8x
Sat, 28 Dec 2024US$1.5tUS$876.0bUS$49.8b19.4x30.9x1.8x
Mon, 25 Nov 2024US$1.7tUS$876.0bUS$49.7b21.9x33.8x1.9x
Wed, 23 Oct 2024US$1.7tUS$875.2bUS$49.6b21x34.7x2x
Fri, 20 Sep 2024US$1.6tUS$870.6bUS$49.8b22.3x32.9x1.9x
Sun, 18 Aug 2024US$1.6tUS$870.9bUS$50.3b19.8x31.8x1.8x
Tue, 16 Jul 2024US$1.6tUS$866.4bUS$50.4b19.8x31.9x1.9x
Thu, 13 Jun 2024US$1.6tUS$871.2bUS$50.2b20.6x31.1x1.8x
Sat, 11 May 2024US$1.6tUS$871.6bUS$50.4b19.8x32x1.8x
Mon, 08 Apr 2024US$1.6tUS$880.1bUS$52.3b17.8x31x1.8x
Wed, 06 Mar 2024US$1.5tUS$880.0bUS$52.5b16.8x29x1.7x
Fri, 02 Feb 2024US$1.5tUS$902.3bUS$61.6b17.4x23.9x1.6x
Sun, 31 Dec 2023US$1.5tUS$905.2bUS$63.0b18.2x23.8x1.7x
Tue, 28 Nov 2023US$1.4tUS$908.2bUS$63.7b16.2x21.9x1.5x
Thu, 26 Oct 2023US$1.2tUS$889.7bUS$63.4b12.9x19.5x1.4x
Sat, 23 Sep 2023US$1.3tUS$889.8bUS$62.9b14.2x20.7x1.5x
Mon, 21 Aug 2023US$1.3tUS$887.3bUS$63.3b14x21.1x1.5x
Wed, 19 Jul 2023US$1.4tUS$936.3bUS$76.9b13.6x18.5x1.5x
Fri, 16 Jun 2023US$1.4tUS$937.1bUS$77.1b13x17.5x1.4x
Sun, 14 May 2023US$1.3tUS$934.7bUS$77.3b12.8x16.9x1.4x
Tue, 11 Apr 2023US$1.4tUS$952.4bUS$88.0b12.2x15.4x1.4x
Thu, 09 Mar 2023US$1.4tUS$952.5bUS$88.5b12.2x15.7x1.5x
Price to Earnings Ratio

15.7x


Total Market Cap: US$1.4tTotal Earnings: US$88.5bTotal Revenue: US$952.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 31.2x202420252026
Current Industry PE
  • Investors are optimistic on the American Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 48.4x which is higher than its 3-year average PE of 31.2x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 21% per year over the last three years,
  • Revenues have also declined 3.9% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Materials sector?

US Market-0.57%
Materials2.63%
Metals and Mining6.29%
Paper and Forestry Products1.34%
Chemicals1.03%
Basic Materials-1.73%
Packaging-2.55%
Industry PE
  • Investors are most optimistic about the Paper and Forestry Products industry which is trading above its 3-year average PE ratio of 7.9x.
    • Analysts are expecting annual earnings growth of 36.1%, which is higher than its past year's earnings decline of 60.8% per year.
  • Investors are most pessimistic about the Basic Materials industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 23.7x.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings decline of 61% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SCCO Southern CopperUS$218.305.4%
+US$9.3b		161.2%PE41.6x
AU AngloGold AshantiUS$127.7711.8%
+US$6.8b		333.6%PE24.5x
NEM NewmontUS$130.004.6%
+US$6.3b		206.9%PE20x
AEM Agnico Eagle MinesUS$251.604.6%
+US$5.6b		162.3%PE28.2x
FCX Freeport-McMoRanUS$68.083.9%
+US$3.6b		91.6%PE44.5x

Latest News

STLD
US$193.13
Steel Dynamics
7D
-1.5%
1Y
48.0%
FCX
US$68.08
Freeport-McMoRan
7D
3.9%
1Y
91.6%
NUE
US$176.88
Nucor
7D
-1.1%
1Y
31.9%
SCCO
US$218.30
Southern Copper
7D
5.4%
1Y
161.2%
LIN
US$508.08
Linde
7D
2.0%
1Y
9.9%
AMCR
US$48.43
Amcor
7D
-4.1%
1Y
-4.3%

AMCR: Future Returns Will Weigh Berry Synergies Against Execution And Volume Risks

Narrative Update on Amcor The updated analyst price targets for Amcor, with moves such as BofA's shift to $9.70 and Truist's increase to $12, reflect a mixed but generally constructive view as analysts weigh potential earnings synergies from the Berry Global deal against more cautious assumptions embedded in slightly revised discount rate and future P/E inputs. Analyst Commentary Recent research on Amcor gives you a mix of optimism and caution, with several firms updating ratings and price targets around the proposed Berry Global acquisition and the outlook for packaging demand.
AU
US$127.77
AngloGold Ashanti
7D
11.8%
1Y
333.6%
CRH
US$119.98
CRH
7D
-3.3%
1Y
17.0%

CRH: Index Additions And Buybacks Will Support Long Term Return Potential

Analysts have raised their price target on CRH to about $141.72 from roughly $140.46, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E expectations. What's in the News CRH completed a share repurchase tranche between October 1, 2025 and December 31, 2025, buying 2,108,172 shares, or 0.31% of shares, for US$250.83m, bringing total repurchases under the March 2, 2023 program to 77,073,466 shares, or 10.76%, for US$5,284.35m (company announcement).
CTVA
US$80.12
Corteva
7D
4.8%
1Y
32.6%

CTVA: Sector Uncertainty And New Ventures Will Shape Forward Risk Balance

Corteva's analyst fair value estimate has edged up to $82.76 from $82.05 as analysts refine their models and price targets following recent earnings updates and a broad wave of upward target revisions across the Street. Analyst Commentary Recent Street research around Corteva reflects an active debate, with several firms adjusting price targets and a mix of upgrades and downgrades around the latest earnings update.
AEM
US$251.60
Agnico Eagle Mines
7D
4.6%
1Y
162.3%
PPG
US$123.27
PPG Industries
7D
-1.7%
1Y
10.3%

PPG: Recent Rating Shifts And Macro Signals Will Shape Fairly Valued Outlook

Analysts have nudged their fair value estimate for PPG Industries higher from $123.75 to $125.30, citing a broad wave of recent price target increases across the Street as they update their assumptions while keeping core growth and margin views largely unchanged. Analyst Commentary The recent wave of price target adjustments for PPG Industries shows a mix of optimism and caution, with most research updates clustered over a short window and one earlier move taking a more guarded stance.
CDE
US$27.15
Coeur Mining
7D
10.2%
1Y
427.2%
NEM
US$130.00
Newmont
7D
4.6%
1Y
206.9%
ICL
US$4.80
ICL Group
7D
-9.1%
1Y
-18.6%
APD
US$275.67
Air Products and Chemicals
7D
-2.7%
1Y
-11.3%

APD: Backlog Execution And NASA Hydrogen Wins Will Shape Turnaround Path

The analyst price target for Air Products and Chemicals has been raised by about $1 to approximately $302, as analysts incorporate higher published targets from multiple firms and modest adjustments to assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent Street research on Air Products and Chemicals has centered on a series of upward price target revisions and one key rating change, providing a view into how analysts are framing valuation, execution risk, and growth potential.
EMAT
US$7.97
Evolution Metals & Technologies
7D
-19.1%
1Y
-28.6%

Evolution Metals & Technologies Is Just The Beginning; Caution Is Advised

Jan 24