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U.S. Materials Sector Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies448
  • 7D5.1%
  • 3M6.6%
  • 1Y40.2%
  • YTD15.4%

The Materials industry is up 5.1% in the last week, with Southern Copper up 11%. Meanwhile, CF Industries Holdings actually underperformed within the industry, shrinking 7.1% in the last week. This means that the industry has gained 40% over the past year. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026US$2.0tUS$840.7bUS$43.1b21.9x46.9x2.4x
Fri, 13 Mar 2026US$1.9tUS$845.8bUS$43.7b21.1x44.5x2.3x
Sun, 08 Feb 2026US$2.0tUS$857.8bUS$40.9b25.4x48.8x2.3x
Tue, 06 Jan 2026US$1.8tUS$852.9bUS$45.8b24.2x38.9x2.1x
Thu, 04 Dec 2025US$1.7tUS$852.7bUS$45.8b22.9x36.5x2x
Sat, 01 Nov 2025US$1.6tUS$847.8bUS$49.1b22.9x33.4x1.9x
Mon, 29 Sep 2025US$1.7tUS$839.0bUS$47.2b23.5x35.4x2x
Wed, 27 Aug 2025US$1.7tUS$838.0bUS$47.3b23.7x35x2x
Fri, 25 Jul 2025US$1.6tUS$831.9bUS$47.7b22.8x34.2x2x
Sun, 22 Jun 2025US$1.5tUS$837.5bUS$48.5b21.4x31.6x1.8x
Tue, 20 May 2025US$1.6tUS$866.1bUS$49.9b21.5x31.4x1.8x
Thu, 17 Apr 2025US$1.5tUS$863.9bUS$54.4b18.9x26.8x1.7x
Sat, 15 Mar 2025US$1.5tUS$867.8bUS$54.2b21.8x27.9x1.7x
Mon, 10 Feb 2025US$1.6tUS$870.0bUS$48.5b20.9x33x1.8x
Wed, 08 Jan 2025US$1.5tUS$875.9bUS$49.4b19x30.6x1.7x
Fri, 06 Dec 2024US$1.7tUS$876.1bUS$49.7b20.9x33.7x1.9x
Sun, 03 Nov 2024US$1.7tUS$879.8bUS$50.2b20.3x33x1.9x
Tue, 01 Oct 2024US$1.7tUS$870.7bUS$49.7b21.7x34.5x2x
Thu, 29 Aug 2024US$1.6tUS$870.2bUS$49.9b21.2x32.9x1.9x
Sat, 27 Jul 2024US$1.6tUS$865.8bUS$50.6b20.6x31.4x1.8x
Mon, 24 Jun 2024US$1.6tUS$870.9bUS$50.1b20.2x30.9x1.8x
Wed, 22 May 2024US$1.6tUS$871.5bUS$50.3b22.1x32.6x1.9x
Fri, 19 Apr 2024US$1.6tUS$879.8bUS$52.3b16.5x29.8x1.8x
Sun, 17 Mar 2024US$1.6tUS$880.5bUS$52.5b17.1x29.9x1.8x
Tue, 13 Feb 2024US$1.5tUS$875.6bUS$60.5b18.6x24x1.7x
Thu, 11 Jan 2024US$1.5tUS$905.9bUS$63.3b17.8x23.3x1.6x
Sat, 09 Dec 2023US$1.4tUS$906.1bUS$63.4b16.8x22.2x1.6x
Mon, 06 Nov 2023US$1.3tUS$910.9bUS$61.7b13.8x21.8x1.5x
Wed, 04 Oct 2023US$1.3tUS$894.1bUS$63.5b13x20.4x1.4x
Fri, 01 Sep 2023US$1.4tUS$887.1bUS$63.2b14.6x21.7x1.5x
Sun, 30 Jul 2023US$1.4tUS$916.1bUS$70.7b14.1x20.2x1.6x
Tue, 27 Jun 2023US$1.3tUS$936.7bUS$76.8b12.6x17.5x1.4x
Thu, 25 May 2023US$1.3tUS$934.6bUS$77.1b12.6x16.6x1.4x
Sat, 22 Apr 2023US$1.4tUS$949.5bUS$86.3b12.4x15.7x1.4x
Price to Earnings Ratio

15.7x


Total Market Cap: US$1.4tTotal Earnings: US$86.3bTotal Revenue: US$949.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 32.4x202420252026
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 46.8x which is higher than its 3-year average PE of 32.4x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.4x.
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 4.0% 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 Market4.25%
Materials5.14%
Basic Materials8.20%
Metals and Mining7.22%
Paper and Forestry Products4.20%
Packaging4.10%
Chemicals2.78%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 45.7x.
    • Analysts are expecting annual earnings growth of 21.0%, which is higher than its past year's earnings decline of 2.5% 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 35% 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$193.3711.2%
+US$16.0b		131.1%PE36.8x
FCX Freeport-McMoRanUS$68.2712.4%
+US$10.8b		104.6%PE44.7x
CRH CRHUS$117.4110.9%
+US$7.7b		36.6%PE21.1x
AEM Agnico Eagle MinesUS$219.944.9%
+US$5.2b		82.4%PE24.7x
NEM NewmontUS$119.304.1%
+US$5.0b		118.6%PE18.1x

Latest News

CTVA
US$82.95
Corteva
7D
-2.8%
1Y
38.9%
SCCO
US$193.37
Southern Copper
7D
11.2%
1Y
131.1%
LYB
US$73.25
LyondellBasell Industries
7D
-8.7%
1Y
29.2%
AEM
US$219.94
Agnico Eagle Mines
7D
4.9%
1Y
82.4%
YDDL
US$4.51
One and one Green Technologies
7D
-66.9%
1Y
n/a
AU
US$109.80
AngloGold Ashanti
7D
8.6%
1Y
150.5%

AU: Rich P/E And Costly Nevada Project Will Likely Restrain Future Returns

Analysts have kept their price target for AngloGold Ashanti steady at $75.00, citing updated assumptions that reflect a slightly higher discount rate and lower revenue growth, along with a stronger profit margin profile and a modestly lower future P/E multiple. What's in the News Completed a Technical Report Summary for the Arthur Gold Project in Nevada, outlining a Tier One gold deposit with an initial nine year mine life and average annual production of about 500,000 oz of gold, supported by a first time Probable Mineral Reserve of 4.9 Moz of contained gold and 7.8 Moz of contained silver as at 31 December 2025 (Key Developments).
DOW
US$39.16
Dow
7D
-5.4%
1Y
41.4%
NUE
US$190.04
Nucor
7D
9.7%
1Y
72.0%

Nucor: Premier Steelmaker But Time To Take A Little Off The Table

Apr 12
CRH
US$117.41
CRH
7D
10.9%
1Y
36.6%

CRH: Delisting And Buybacks Will Drive Stronger Future Shareholder Returns

Analysts have increased their price target for CRH from $142.41 to $142.75, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What's in the News CRH plans to fully delist from the London Stock Exchange, targeting April 20, 2026 as the delisting date.
WLK
US$117.93
Westlake
7D
-4.4%
1Y
31.0%

WLK: Buybacks And CFO Transition Will Shape A Balanced Forward Outlook

Analysts have lifted their fair value estimate for Westlake from about $113 to roughly $117, pointing to slightly higher revenue growth assumptions, a modestly lower discount rate, and a small shift in expected profit margin and future P/E as the key drivers behind the updated price target. What's in the News From October 1, 2025 to December 31, 2025, Westlake repurchased 445,881 shares, about 0.35% of its outstanding shares, for a total of US$32.84 million under its ongoing buyback program (Key Developments).
LIN
US$499.65
Linde
7D
-0.2%
1Y
11.5%

LIN: Pricing Power And Capital Returns Will Shape Helium And Inflation Response

The analyst price target for Linde has been revised higher, with fair value moving from $503.52 to $516.41 as analysts factor in updated views on helium market pressure, pricing power, and the company’s positioning relative to other materials names. Analyst Commentary Recent Street research on Linde shows a mix of optimism and caution, with several firms adjusting price targets and ratings based on views of helium supply, pricing power, and how the company compares with other materials names.
SHW
US$333.60
Sherwin-Williams
7D
6.3%
1Y
-1.0%

SHW: Fair Valuation Balances Execution Risks With Dividend And Buyback Support

Analysts have trimmed Sherwin-Williams' fair value estimate by about $3 to $317.76, reflecting recent cuts to Street price targets along with updated assumptions for discount rate, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Recent Street research on Sherwin-Williams shows a shift in tone, with several bearish analysts cutting price targets and questioning how much upside is left at current valuations.
CF
US$118.96
CF Industries Holdings
7D
-11.1%
1Y
62.7%

CF: DOJ Price Fixing Probe Will Eventually Pressure Elevated Nitrogen Premium

CF Industries' updated analyst price target has moved about $7 higher, as analysts weigh higher implied fair value, slightly lower discount rates, firmer margin expectations, and a lower assumed future P/E against mixed views on nitrogen pricing and geopolitical risk. Analyst Commentary Recent research on CF Industries shows a cluster of higher price targets, but with a split view on how durable current conditions may be and how much upside is already reflected in the share price.
NEM
US$119.30
Newmont
7D
4.1%
1Y
118.6%

NEM: Higher Gold Price Hopes And New CEO Agenda Will Strain Expectations

Narrative Update: Newmont The analyst price target for Newmont has been cut by about $2.80 to $89.56 as analysts balance a higher discount rate and softer revenue growth expectations with stronger projected profit margins and a lower future P/E, informed by recent mixed price target revisions across the Street. Analyst Commentary Recent research on Newmont reflects a wide range of price targets, with some firms setting figures well above US$150 and others trimming estimates.
FCX
US$68.27
Freeport-McMoRan
7D
12.4%
1Y
104.6%

FCX: Copper Upswing And Grasberg Agreement Will Shape Balanced Future Returns

Narrative Update The updated analyst price target for Freeport-McMoRan reflects a modest adjustment in fair value to $67.40. This is supported by recent research that cites higher copper price assumptions, Grasberg clarity in Indonesia, and a series of price target revisions across the Street.
MOS
US$23.94
Mosaic
7D
-9.2%
1Y
-9.3%

MOS: Margin Reset And Sector Tailwinds Will Support Future Repricing

Analysts have adjusted Mosaic's fair value estimate to $40.00 from $38.20, citing shifts in fertilizer pricing expectations, updated views on revenue growth and margins, and a higher discount rate that reflects recent sector downgrades along with select price target increases. Analyst Commentary Recent Street research paints a mixed picture for Mosaic, with several downgrades on margin and earnings concerns alongside a cluster of more constructive views that focus on reset expectations, improved cash generation, and higher valuation benchmarks for fertilizer names.