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U.S. Materials Sector Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies441
  • 7D3.6%
  • 3M-0.4%
  • 1Y1.3%
  • YTD11.7%

In the last week, the Materials industry is up 3.6%, with Newmont up 14%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 12 Nov 2025US$1.6tUS$851.2bUS$45.5b22.8x35.4x1.9x
Fri, 10 Oct 2025US$1.7tUS$835.9bUS$47.0b24.5x36.4x2x
Sun, 07 Sep 2025US$1.7tUS$837.9bUS$47.3b23.8x35.1x2x
Tue, 05 Aug 2025US$1.5tUS$842.4bUS$47.5b21.8x32.5x1.8x
Thu, 03 Jul 2025US$1.6tUS$835.7bUS$48.4b23.4x32.9x1.9x
Sat, 31 May 2025US$1.5tUS$852.8bUS$48.5b20.6x31.6x1.8x
Mon, 28 Apr 2025US$1.5tUS$865.1bUS$55.8b19.8x26.7x1.7x
Wed, 26 Mar 2025US$1.6tUS$869.1bUS$54.0b21.4x28.8x1.8x
Fri, 21 Feb 2025US$1.6tUS$868.3bUS$49.7b22.2x32.5x1.9x
Sun, 19 Jan 2025US$1.6tUS$873.2bUS$49.2b19.9x32.2x1.8x
Tue, 17 Dec 2024US$1.6tUS$876.2bUS$49.8b20.9x32.2x1.8x
Thu, 14 Nov 2024US$1.7tUS$877.5bUS$50.1b21.4x33.1x1.9x
Sat, 12 Oct 2024US$1.7tUS$875.5bUS$50.5b21.9x33.5x1.9x
Mon, 09 Sep 2024US$1.6tUS$870.6bUS$49.8b20.9x31.4x1.8x
Wed, 07 Aug 2024US$1.5tUS$870.8bUS$49.9b20x30.9x1.8x
Fri, 05 Jul 2024US$1.5tUS$873.4bUS$49.9b19.5x30.9x1.8x
Sun, 02 Jun 2024US$1.6tUS$871.4bUS$50.2b22.1x32.1x1.8x
Tue, 30 Apr 2024US$1.6tUS$878.9bUS$51.9b16.9x30.3x1.8x
Thu, 28 Mar 2024US$1.6tUS$880.4bUS$52.2b18.2x30.9x1.8x
Sat, 24 Feb 2024US$1.5tUS$872.1bUS$51.6b19.4x29x1.7x
Mon, 22 Jan 2024US$1.4tUS$905.8bUS$63.4b17.6x22.8x1.6x
Wed, 20 Dec 2023US$1.5tUS$906.1bUS$63.0b18.1x23.8x1.7x
Fri, 17 Nov 2023US$1.4tUS$908.2bUS$63.7b16.6x21.7x1.5x
Sun, 15 Oct 2023US$1.3tUS$893.9bUS$63.4b13.1x20.3x1.4x
Tue, 12 Sep 2023US$1.4tUS$889.7bUS$62.9b13.6x21.5x1.5x
Thu, 10 Aug 2023US$1.4tUS$889.0bUS$63.2b15.3x21.7x1.5x
Sat, 08 Jul 2023US$1.4tUS$936.0bUS$76.9b13.8x17.8x1.5x
Mon, 05 Jun 2023US$1.3tUS$934.7bUS$77.1b13.1x17.1x1.4x
Wed, 03 May 2023US$1.3tUS$936.3bUS$81.5b12.3x16.4x1.4x
Fri, 31 Mar 2023US$1.4tUS$952.4bUS$86.6b12.3x15.6x1.4x
Sun, 26 Feb 2023US$1.4tUS$950.7bUS$85.9b11.9x16x1.4x
Tue, 24 Jan 2023US$1.4tUS$967.3bUS$95.5b11.8x14.8x1.5x
Thu, 22 Dec 2022US$1.3tUS$967.3bUS$95.5b11.4x13.9x1.4x
Sat, 19 Nov 2022US$1.3tUS$967.1bUS$95.6b10.4x13.9x1.4x
Price to Earnings Ratio

13.9x


Total Market Cap: US$1.3tTotal Earnings: US$95.6bTotal Revenue: US$967.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 28.6x202320242025
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 35.4x which is higher than its 3-year average PE of 28.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 22% per year over the last three years,
  • Revenues have also declined 4.2% 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 Market0.93%
Materials3.60%
Metals and Mining6.88%
Chemicals2.46%
Packaging2.13%
Basic Materials-0.82%
Paper and Forestry Products-3.46%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 36.1x.
    • Analysts are expecting annual earnings growth of 21.5%, which is higher than its past year's earnings decline of 1.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 30% over the next 5 years.
  • This is better than its past earnings decline of 33% 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$89.9514.0%
+US$12.1b		116.3%PE13.7x
AU AngloGold AshantiUS$79.3524.7%
+US$7.9b		222.2%PE22.2x
AEM Agnico Eagle MinesUS$167.847.7%
+US$6.0b		117.6%PE24.4x
APD Air Products and ChemicalsUS$262.238.9%
+US$4.8b		-15.7%PS4.8x
LIN LindeUS$426.652.1%
+US$4.1b		-6.4%PE28.1x

Latest News

ICL
US$5.66
ICL Group
7D
-14.1%
1Y
32.2%
LPX
US$77.72
Louisiana-Pacific
7D
-8.9%
1Y
-31.1%

Louisiana-Pacific's (NYSE:LPX) Soft Earnings Don't Show The Whole Picture

Nov 12
Louisiana-Pacific's (NYSE:LPX) Soft Earnings Don't Show The Whole Picture
AU
US$79.35
AngloGold Ashanti
7D
24.7%
1Y
222.2%
AEM
US$167.84
Agnico Eagle Mines
7D
7.7%
1Y
117.6%

AEM: Precious Metals Rally And Geopolitical Uncertainty Will Drive Stronger Returns

Analysts have raised their price targets for Agnico Eagle Mines significantly. New targets have climbed from previous estimates by as much as $69, citing factors such as strong precious metals rallies, ongoing geopolitical uncertainty, and positive trends in capital returns and M&A activity across the gold sector.
CRH
US$112.65
CRH
7D
-4.0%
1Y
12.5%
RS
US$270.44
Reliance
7D
-1.9%
1Y
-15.4%

RS: Continued Buyback Activity Will Drive Shareholder Value Higher

Analysts have slightly reduced their fair value estimate for Reliance, trimming it by ₹0.50 to ₹322.75. This adjustment reflects updated assumptions on discount rates, revenue growth, and profit margin forecasts.
APD
US$262.23
Air Products and Chemicals
7D
8.9%
1Y
-15.7%

APD: Decarbonization Earnings Potential Will Drive Near-Term Upside Prospects

Analysts have revised their price target for Air Products and Chemicals downward, from approximately $324 to $315 per share. They cite a combination of slower expected revenue growth and adjustments to market conditions, despite ongoing optimism about the company's decarbonization earnings potential.
NEM
US$89.95
Newmont
7D
14.0%
1Y
116.3%

NEM: Shares Will Benefit From Rising Gold Price Outlook And Sector Upside

Newmont's fair value estimate has been raised from $101.0 to $103.4 per share, as analysts cite sector-wide price target increases and a more favorable outlook for gold prices. Analyst Commentary Recent analyst activity for Newmont highlights an increasingly positive outlook for the company.
ASPN
US$3.62
Aspen Aerogels
7D
-49.7%
1Y
-77.1%

ASPN: Reduced EV Tax Credits Will Challenge Thermal Segment Performance Ahead

Analysts have lowered their price target for Aspen Aerogels from $9.58 to $8.75. They cited reduced electric vehicle production forecasts and increased macroeconomic pressures on the company’s key Thermal Barrier business segment.
CF
US$83.68
CF Industries Holdings
7D
-1.0%
1Y
-0.6%

CF: Continued Share Repurchases And Low-Carbon Progress Will Support Future Gains

The consensus analyst price target for CF Industries Holdings has shifted modestly lower, dropping from approximately $93.56 to $92.94. Analysts cite a more cautious outlook on revenue growth and industry fundamentals, despite recent adjustments in sector forecasts.
SCCO
US$137.35
Southern Copper
7D
1.9%
1Y
40.9%
CTVA
US$65.72
Corteva
7D
5.2%
1Y
15.0%
FCX
US$41.07
Freeport-McMoRan
7D
4.2%
1Y
-5.8%

FCX: Higher Copper And Gold Prices Will Offset Grasberg Production Risks

Freeport-McMoRan's analyst price target has increased modestly from $46.77 to $47.71. Analysts cite the benefit of higher copper and gold price assumptions, which is partially offset by lower near-term production at the Grasberg mine.
MLM
US$620.40
Martin Marietta Materials
7D
-0.8%
1Y
2.2%
WLK
US$63.45
Westlake
7D
-3.7%
1Y
-50.5%
LIN
US$426.65
Linde
7D
2.1%
1Y
-6.4%