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U.S. Materials Sector Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies443
  • 7D2.7%
  • 3M-3.9%
  • 1Y29.3%
  • YTD12.2%

The Materials industry is up 2.7% in the last week, with Southern Copper up 6.5%. This takes the industry's 12 month performance to a gain of 29%. Earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Jun 2026US$2.0tUS$863.7bUS$53.8b21.9x36.5x2.3x
Wed, 29 Apr 2026US$2.0tUS$848.0bUS$45.5b21.7x43.6x2.3x
Fri, 27 Mar 2026US$1.9tUS$845.9bUS$43.6b20.8x43x2.2x
Sun, 22 Feb 2026US$2.1tUS$846.9bUS$44.2b23.6x46.6x2.4x
Tue, 20 Jan 2026US$1.9tUS$853.2bUS$46.1b24.2x41.5x2.2x
Thu, 18 Dec 2025US$1.7tUS$852.8bUS$45.8b23.8x37.3x2x
Sat, 15 Nov 2025US$1.6tUS$852.3bUS$45.9b22.1x35.7x1.9x
Mon, 13 Oct 2025US$1.7tUS$836.0bUS$47.0b23.8x35.2x2x
Wed, 10 Sep 2025US$1.7tUS$837.9bUS$47.3b23.5x35x2x
Fri, 08 Aug 2025US$1.6tUS$837.1bUS$48.3b21.9x32.6x1.9x
Sun, 06 Jul 2025US$1.6tUS$835.7bUS$48.4b23.2x33.5x1.9x
Tue, 03 Jun 2025US$1.5tUS$852.8bUS$48.5b20.7x31.5x1.8x
Thu, 01 May 2025US$1.5tUS$865.1bUS$55.1b19.9x27.3x1.7x
Sat, 29 Mar 2025US$1.6tUS$869.0bUS$53.9b20.5x28.8x1.8x
Mon, 24 Feb 2025US$1.6tUS$869.9bUS$54.4b21x29x1.8x
Wed, 22 Jan 2025US$1.6tUS$873.3bUS$49.2b20.2x32.2x1.8x
Fri, 20 Dec 2024US$1.5tUS$875.9bUS$49.8b19.4x30.7x1.7x
Sun, 17 Nov 2024US$1.6tUS$877.4bUS$50.1b20.7x32.5x1.9x
Tue, 15 Oct 2024US$1.7tUS$875.5bUS$50.5b21.9x33.8x2x
Thu, 12 Sep 2024US$1.6tUS$870.6bUS$49.8b21x31.8x1.8x
Sat, 10 Aug 2024US$1.6tUS$870.9bUS$50.2b20.2x31.1x1.8x
Mon, 08 Jul 2024US$1.5tUS$873.5bUS$49.9b19.5x31x1.8x
Wed, 05 Jun 2024US$1.6tUS$871.3bUS$50.2b21.6x31.8x1.8x
Fri, 03 May 2024US$1.6tUS$873.5bUS$50.8b17.9x30.7x1.8x
Sun, 31 Mar 2024US$1.6tUS$880.4bUS$52.3b18.3x31x1.8x
Tue, 27 Feb 2024US$1.5tUS$873.7bUS$51.9b18.8x28.6x1.7x
Thu, 25 Jan 2024US$1.5tUS$905.4bUS$62.9b17.8x23.2x1.6x
Sat, 23 Dec 2023US$1.5tUS$906.1bUS$63.0b18.6x23.9x1.7x
Mon, 20 Nov 2023US$1.4tUS$908.1bUS$63.7b15.7x21.7x1.5x
Wed, 18 Oct 2023US$1.3tUS$893.9bUS$63.4b13.4x20.7x1.5x
Fri, 15 Sep 2023US$1.3tUS$889.8bUS$62.9b14.2x21.3x1.5x
Sun, 13 Aug 2023US$1.4tUS$888.1bUS$63.4b14.5x21.6x1.5x
Tue, 11 Jul 2023US$1.4tUS$936.1bUS$76.8b13.1x17.8x1.5x
Thu, 08 Jun 2023US$1.3tUS$937.2bUS$77.2b13.1x17.2x1.4x
Price to Earnings Ratio

17.2x


Total Market Cap: US$1.3tTotal Earnings: US$77.2bTotal Revenue: US$937.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 33.4x202420252026
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 36.5x which is higher than its 3-year average PE of 33.4x.
  • The 3-year average PS ratio of 2.0x 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 11% per year over the last three years,
  • Revenues have also declined 2.7% 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 Market1.58%
Materials2.67%
Basic Materials8.49%
Paper and Forestry Products7.42%
Metals and Mining5.54%
Packaging2.00%
Chemicals-1.05%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 48.8x.
    • Analysts are expecting annual earnings growth of 17.3%, which is higher than its past year's earnings growth of 0.1% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 53% over the next 5 years.
  • This is better than its past earnings decline of 72% per year.
  • In contrast, the Basic Materials industry is expected to see its earnings grow by 12% 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$191.306.5%
+US$9.7b		114.7%PE32.1x
CRH CRHUS$108.798.4%
+US$5.6b		19.6%PE19.9x
FCX Freeport-McMoRanUS$65.716.0%
+US$5.3b		63.7%PE34.7x
NUE NucorUS$250.007.8%
+US$4.1b		107.6%PE24.5x
AEM Agnico Eagle MinesUS$183.154.1%
+US$3.6b		47.4%PE17.1x

Latest News

LYB
US$66.65
LyondellBasell Industries
7D
-4.4%
1Y
22.4%
CF
US$112.35
CF Industries Holdings
7D
-7.7%
1Y
20.8%
FCX
US$65.71
Freeport-McMoRan
7D
6.0%
1Y
63.7%
VMC
US$282.92
Vulcan Materials
7D
8.5%
1Y
7.4%
APD
US$278.62
Air Products and Chemicals
7D
-3.7%
1Y
-0.03%
Seeking Alpha • May 29

Air Products and Chemicals: Hormuz Strait And CapEx Discipline In Focus (Rating Downgrade)

Summary Air Products and Chemicals shifts from a buy to a hold as return/risk profile normalizes. The rating adjustment is based on a few key changes both in terms of geopolitics and operating updates from its FQ2 earnings report. APD’s FQ2 2026 earnings beat expectations, but helium supply risks persist with the uncertainties in the Hormuz Strait. Valuation has become less attractive in the meantime: FWD P/E discount has narrowed to 10% below the 5-year average, and the dividend yield has compressed to 2.51%. On the positive side, CapEx discipline is taking hold, with CapEx more focused on core projects and efficiency improvements. Read the full article on Seeking Alpha
SHW
US$303.84
Sherwin-Williams
7D
-1.7%
1Y
-14.5%
AU
US$96.84
AngloGold Ashanti
7D
6.8%
1Y
104.2%
Narrative Update • May 28

AU: New Buyback And Dividend Policy Will Support Future Upside

Analysts now place AngloGold Ashanti's price target at $123.29, up from $121.86, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News The Board of Directors authorized a share repurchase plan under which AngloGold Ashanti may buy back up to US$2,000m of its common stock, subject to shareholder approval (Buyback Transaction Announcements).
CTVA
US$78.28
Corteva
7D
-1.6%
1Y
10.3%
Seeking Alpha • May 28

Corteva: Two Businesses, One Price

Summary Corteva, Inc. (CTVA) is rated Hold due to valuation concerns ahead of its planned separation into Vylor (Seed) and New Corteva (Crop Protection). DCF analysis implies a share price of $51.95, significantly below the current market price, while SOTP multiples suggest higher value, primarily from Vylor's premium profile. Seed/Vylor is higher-margin and more defensible, while Crop Protection/New Corteva faces cyclical and competitive pressures, impacting future standalone multiples. Key risks include execution of the separation, realization of valuation premiums, and segment-specific challenges such as Vylor's market share and New Corteva's pricing pressure. Read the full article on Seeking Alpha
LIN
US$497.69
Linde
7D
-3.8%
1Y
7.1%
EMAT
US$6.75
Evolution Metals & Technologies
7D
-15.5%
1Y
-40.8%
AEM
US$183.15
Agnico Eagle Mines
7D
4.1%
1Y
47.4%
DOW
US$33.75
Dow
7D
-6.3%
1Y
24.1%
CRH
US$108.79
CRH
7D
8.4%
1Y
19.6%
SCCO
US$191.30
Southern Copper
7D
6.5%
1Y
114.7%
Narrative Update • May 26

SCCO: Premium Will Face Pressure From Expected Production Declines

Analysts have lifted the fair value estimate for Southern Copper from $67.81 to $125.74, while noting that a richer assumed future P/E of about 28 times and softer projected revenue and margin trends leave the stock looking expensive relative to recent price targets around $135 to $148 and comments about a stretched valuation. Analyst Commentary Recent Street research has leaned cautious on Southern Copper, with several bearish analysts flagging valuation concerns even as they acknowledge the company's strong position in global copper production and reserves.
NUE
US$250.00
Nucor
7D
7.8%
1Y
107.6%
STLD
US$260.15
Steel Dynamics
7D
8.4%
1Y
91.7%