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U.S. Materials Sector Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies461
  • 7D2.6%
  • 3M20.2%
  • 1Y27.3%
  • YTD13.1%

In the last week, the Materials industry is up 2.6%, with Newmont up 11%. This takes the industry's 12 month performance to a gain of 27%. As for the next few years, earnings are expected to grow by 20% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Jan 2026US$2.0tUS$854.7bUS$46.8b25.2x42.4x2.3x
Sat, 27 Dec 2025US$1.8tUS$853.0bUS$45.8b23.8x38.4x2.1x
Mon, 24 Nov 2025US$1.6tUS$852.7bUS$45.8b21.9x35x1.9x
Wed, 22 Oct 2025US$1.7tUS$836.6bUS$47.5b24.3x36x2x
Fri, 19 Sep 2025US$1.7tUS$838.2bUS$47.3b23.7x35.4x2x
Sun, 17 Aug 2025US$1.6tUS$838.2bUS$47.4b23.1x34.4x1.9x
Tue, 15 Jul 2025US$1.6tUS$832.9bUS$48.5b23x33.3x1.9x
Thu, 12 Jun 2025US$1.6tUS$852.8bUS$48.6b21.8x32.5x1.9x
Sat, 10 May 2025US$1.5tUS$852.7bUS$47.9b20.6x31.3x1.8x
Mon, 07 Apr 2025US$1.4tUS$863.9bUS$54.0b18.2x25.6x1.6x
Wed, 05 Mar 2025US$1.5tUS$868.7bUS$54.2b20.6x28.5x1.8x
Fri, 31 Jan 2025US$1.6tUS$872.8bUS$48.9b21.5x32.4x1.8x
Sun, 29 Dec 2024US$1.5tUS$876.0bUS$49.8b19.4x30.6x1.7x
Tue, 26 Nov 2024US$1.7tUS$876.1bUS$49.7b21.9x33.8x1.9x
Thu, 24 Oct 2024US$1.7tUS$875.3bUS$49.6b21.1x34.5x2x
Sat, 21 Sep 2024US$1.7tUS$870.5bUS$49.8b21.7x33.5x1.9x
Mon, 19 Aug 2024US$1.6tUS$870.9bUS$50.3b19.8x31.8x1.8x
Wed, 17 Jul 2024US$1.6tUS$866.4bUS$50.4b19.7x31.8x1.9x
Fri, 14 Jun 2024US$1.6tUS$871.2bUS$50.2b20.4x31.1x1.8x
Sun, 12 May 2024US$1.6tUS$871.6bUS$50.4b19.8x32.1x1.9x
Tue, 09 Apr 2024US$1.6tUS$880.2bUS$52.3b17.7x31x1.8x
Thu, 07 Mar 2024US$1.5tUS$880.0bUS$52.4b17.6x28.9x1.7x
Sat, 03 Feb 2024US$1.5tUS$901.3bUS$61.3b17.5x23.9x1.6x
Mon, 01 Jan 2024US$1.5tUS$905.2bUS$63.0b18.4x23.8x1.7x
Wed, 29 Nov 2023US$1.4tUS$908.2bUS$63.7b16.4x21.9x1.5x
Fri, 27 Oct 2023US$1.2tUS$885.8bUS$62.3b13.3x20x1.4x
Sun, 24 Sep 2023US$1.3tUS$889.8bUS$62.9b14.2x20.7x1.5x
Tue, 22 Aug 2023US$1.3tUS$887.4bUS$63.3b14x21.1x1.5x
Thu, 20 Jul 2023US$1.4tUS$936.3bUS$76.9b13.7x18.4x1.5x
Sat, 17 Jun 2023US$1.4tUS$937.1bUS$77.1b12.9x17.7x1.5x
Mon, 15 May 2023US$1.3tUS$934.7bUS$77.3b12.8x16.9x1.4x
Wed, 12 Apr 2023US$1.4tUS$952.5bUS$88.0b12.2x15.5x1.4x
Fri, 10 Mar 2023US$1.4tUS$952.4bUS$88.4b12x15.3x1.4x
Sun, 05 Feb 2023US$1.4tUS$962.2bUS$91.4b12.4x15.7x1.5x
Price to Earnings Ratio

15.7x


Total Market Cap: US$1.4tTotal Earnings: US$91.4bTotal Revenue: US$962.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 30.3x202420252026
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 42.4x which is higher than its 3-year average PE of 30.3x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 20% 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 Market0.90%
Materials2.60%
Metals and Mining5.81%
Chemicals0.48%
Basic Materials0.41%
Packaging0.016%
Paper and Forestry Products-4.07%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 39.5x.
    • Analysts are expecting annual earnings growth of 23.1%, which is higher than its past year's earnings growth of 0.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 41% 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
NEM NewmontUS$131.9511.0%
+US$14.2b		217.3%PE20x
SCCO Southern CopperUS$198.187.7%
+US$11.6b		124.8%PE42.5x
AEM Agnico Eagle MinesUS$222.998.6%
+US$8.9b		147.5%PE32.5x
AU AngloGold AshantiUS$115.7214.2%
+US$7.3b		306.3%PE26x
LIN LindeUS$451.502.8%
+US$5.7b		3.0%PE29.7x

Latest News

AU
US$115.72
AngloGold Ashanti
7D
14.2%
1Y
306.3%

Earnings Tell The Story For AngloGold Ashanti plc (NYSE:AU) As Its Stock Soars 36%

Jan 29
Earnings Tell The Story For AngloGold Ashanti plc (NYSE:AU) As Its Stock Soars 36%
SCCO
US$198.18
Southern Copper
7D
7.7%
1Y
124.8%

Southern Copper (NYSE:SCCO) Is Increasing Its Dividend To $1.00

Jan 29
Southern Copper (NYSE:SCCO) Is Increasing Its Dividend To $1.00
AEM
US$222.99
Agnico Eagle Mines
7D
8.6%
1Y
147.5%
APD
US$255.89
Air Products and Chemicals
7D
-2.7%
1Y
-21.8%
AA
US$60.01
Alcoa
7D
-6.0%
1Y
70.8%
LIN
US$451.50
Linde
7D
2.8%
1Y
3.0%
NUE
US$173.18
Nucor
7D
-3.9%
1Y
36.5%

NUE: Tariff Policies And Capacity Additions Will Shape Future Pricing Power

Nucor’s implied analyst price target has edged up by about $3 to roughly $182, as analysts factor in refreshed steel price forecasts, tariff support for elevated pricing, and slightly adjusted expectations for long term revenue growth, margins, and future P/E multiples. Analyst Commentary Recent Street research on Nucor reflects a mix of optimism on pricing and market position, balanced by more cautious views on demand and rating resets.
HL
US$27.19
Hecla Mining
7D
-5.9%
1Y
395.3%
FCX
US$63.63
Freeport-McMoRan
7D
5.0%
1Y
75.4%
STLD
US$174.38
Steel Dynamics
7D
-3.0%
1Y
35.0%
SHW
US$349.60
Sherwin-Williams
7D
-1.9%
1Y
-3.0%

SHW: Mixed Rating Shifts And CFO Transition Will Test Pricing Power

The analyst price target for Sherwin-Williams edges slightly lower by about US$0.33 as analysts weigh recent mixed research, including small downward target revisions and a valuation-driven downgrade, alongside some supportive target hikes and an upgrade to Buy. Analyst Commentary Bullish Takeaways Bullish analysts are lifting price targets to levels such as about US$400 and US$371, signaling confidence that Sherwin-Williams can justify higher valuations if it executes well.
RGLD
US$301.21
Royal Gold
7D
7.8%
1Y
119.1%

Copper Growth Projects And Extended Mount Milligan Life Will Transform Long Term Cash Flows

Catalysts About Royal Gold Royal Gold is a precious metals royalty and streaming company with a portfolio focused on gold, silver and copper interests across producing and development assets. What are the underlying business or industry changes driving this perspective?
RPM
US$106.85
RPM International
7D
-4.9%
1Y
-15.3%

RPM: Cost Actions And Sales Rebound Will Support Earnings Recovery

Analysts have trimmed their price targets on RPM International by modest amounts, leading to a slight adjustment in the updated fair value estimate to about $145.03, as they weigh near term earnings pressures against cost actions, a sales rebound and valuation. Analyst Commentary Recent research highlights a mixed but generally constructive stance on RPM International, with several firms trimming price targets while still expressing confidence in the company’s ability to work through near term challenges.
CDE
US$25.62
Coeur Mining
7D
11.8%
1Y
302.8%
IP
US$41.49
International Paper
7D
-3.0%
1Y
-28.4%
NEM
US$131.95
Newmont
7D
11.0%
1Y
217.3%

NEM: Future Barrick Nevada Deal Pursuit Will Likely Pressure Stretched Shares

Narrative Update on Newmont Analysts have lifted their implied price target on Newmont by about US$7 per share, reflecting updated views on fair value, refreshed commodity price assumptions, and company guidance that points to revenue growth, a different profit margin profile, and a slightly higher future P/E multiple. Analyst Commentary Recent Street research on Newmont has centered on refreshed commodity price assumptions, updated company guidance, and how those factors flow through to valuation.