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U.S. Materials Sector Analysis

UpdatedJul 03, 2026
DataAggregated Company Financials
Companies448
  • 7D-0.09%
  • 3M-0.7%
  • 1Y18.8%
  • YTD9.5%

The Materials is pretty flat in the last 7 days, but Linde has stood out, gaining 5.2%. The past year has been better, since the industry has gained 19% in that time. Looking forward, 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
Fri, 03 Jul 2026US$1.9tUS$864.1bUS$53.8b21.9x35.2x2.2x
Sun, 31 May 2026US$2.0tUS$863.7bUS$53.8b21.9x36.5x2.3x
Tue, 28 Apr 2026US$2.0tUS$845.1bUS$44.9b22.2x44.2x2.4x
Thu, 26 Mar 2026US$1.8tUS$845.8bUS$43.6b20.9x42.1x2.2x
Sat, 21 Feb 2026US$2.0tUS$853.2bUS$43.4b23.7x47x2.4x
Mon, 19 Jan 2026US$1.9tUS$853.2bUS$46.1b24.2x41.5x2.2x
Wed, 17 Dec 2025US$1.7tUS$852.8bUS$45.8b23.8x37.4x2x
Fri, 14 Nov 2025US$1.7tUS$852.3bUS$46.0b22.3x36.1x1.9x
Sun, 12 Oct 2025US$1.7tUS$836.0bUS$47.0b23.8x35.2x2x
Tue, 09 Sep 2025US$1.7tUS$837.9bUS$47.3b23.9x35.5x2x
Thu, 07 Aug 2025US$1.6tUS$835.6bUS$47.9b21.5x33.1x1.9x
Sat, 05 Jul 2025US$1.6tUS$835.7bUS$48.4b23.2x33.5x1.9x
Mon, 02 Jun 2025US$1.5tUS$852.8bUS$48.5b20.6x31.5x1.8x
Wed, 30 Apr 2025US$1.5tUS$864.8bUS$55.2b20.2x27.1x1.7x
Fri, 28 Mar 2025US$1.6tUS$869.1bUS$53.9b20.7x28.8x1.8x
Sun, 23 Feb 2025US$1.6tUS$869.9bUS$54.4b21x29x1.8x
Tue, 21 Jan 2025US$1.6tUS$873.2bUS$49.2b19.9x32.2x1.8x
Thu, 19 Dec 2024US$1.6tUS$876.0bUS$49.7b19.7x31.7x1.8x
Sat, 16 Nov 2024US$1.6tUS$877.5bUS$50.4b20.8x32.6x1.9x
Mon, 14 Oct 2024US$1.7tUS$875.5bUS$50.5b21.9x33.8x2x
Wed, 11 Sep 2024US$1.6tUS$858.8bUS$49.2b20.4x31.6x1.8x
Fri, 09 Aug 2024US$1.5tUS$871.2bUS$50.2b20.2x30.6x1.8x
Sun, 07 Jul 2024US$1.5tUS$873.5bUS$49.9b19.5x31x1.8x
Tue, 04 Jun 2024US$1.6tUS$871.4bUS$50.2b21.9x32.1x1.8x
Thu, 02 May 2024US$1.6tUS$877.2bUS$51.1b16.8x30.4x1.8x
Sat, 30 Mar 2024US$1.6tUS$880.4bUS$52.2b18.3x31x1.8x
Mon, 26 Feb 2024US$1.5tUS$872.3bUS$51.6b19.4x29x1.7x
Wed, 24 Jan 2024US$1.5tUS$905.8bUS$63.4b17.9x22.9x1.6x
Fri, 22 Dec 2023US$1.5tUS$906.2bUS$63.0b18.4x23.4x1.6x
Sun, 19 Nov 2023US$1.4tUS$908.2bUS$63.8b16.1x21.6x1.5x
Tue, 17 Oct 2023US$1.3tUS$893.9bUS$63.4b13.3x20.4x1.4x
Thu, 14 Sep 2023US$1.3tUS$889.8bUS$62.9b13.6x21.3x1.5x
Sat, 12 Aug 2023US$1.4tUS$888.1bUS$63.4b14.5x21.6x1.5x
Mon, 10 Jul 2023US$1.4tUS$936.0bUS$76.9b13.8x17.8x1.5x
Price to Earnings Ratio

17.8x


Total Market Cap: US$1.4tTotal Earnings: US$76.9bTotal Revenue: US$936.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 33.9x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Materials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 33.9x.
  • The industry is trading close to its 3-year average PS ratio of 2.0x.
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 2.6% 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 Market1.38%
Materials-0.095%
Chemicals2.76%
Packaging1.02%
Metals and Mining-2.50%
Paper and Forestry Products-2.53%
Basic Materials-4.40%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 50.3x.
    • Analysts are expecting annual earnings growth of 16.4%, 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 13% 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
LIN LindeUS$546.645.2%
+US$12.5b		14.9%PE35.7x
APD Air Products and ChemicalsUS$314.1912.2%
+US$7.6b		7.7%PE33.1x
SHW Sherwin-WilliamsUS$352.484.0%
+US$3.3b		-0.4%PE33.3x
CTVA CortevaUS$85.805.1%
+US$2.8b		11.3%PE45.8x
AU AngloGold AshantiUS$84.656.7%
+US$2.7b		81.2%PE12.3x

Latest News

IFF
US$83.83
International Flavors & Fragrances
7D
11.7%
1Y
9.8%
NEM
US$97.04
Newmont
7D
1.8%
1Y
62.0%
SCCO
US$172.01
Southern Copper
7D
-1.6%
1Y
68.6%
CDE
US$17.30
Coeur Mining
7D
8.2%
1Y
89.7%
Narrative Update • Jul 02

CDE: Future Cash Returns Anchor Bullish View On Q1 2026 Momentum

Analysts have raised their fair value estimate for Coeur Mining from $25.00 to about $37.21. This change reflects updated assumptions for revenue growth, profit margins, and future P/E, based on recent research that highlights higher expected production and potential free cash flow at current commodity prices.
FCX
US$60.97
Freeport-McMoRan
7D
-2.9%
1Y
33.1%
SHW
US$352.48
Sherwin-Williams
7D
4.0%
1Y
-0.4%
APD
US$314.19
Air Products and Chemicals
7D
12.2%
1Y
7.7%
LIN
US$546.64
Linde
7D
5.2%
1Y
14.9%
CTVA
US$85.80
Corteva
7D
5.1%
1Y
11.3%
CMC
US$61.73
Commercial Metals
7D
-16.7%
1Y
17.8%
Narrative Update • Jul 01

CMC: Future Upside Will Be Driven By Record Earnings And Ongoing Buybacks

Analysts have raised their price target on Commercial Metals from $85.00 to $89.00, citing updated assumptions for long term revenue growth, profit margins, and future P/E levels used in their valuation analysis. What’s in the News for Commercial Metals Commercial Metals reported Q3 2026 revenue of US$2.48b and earnings per share of US$1.73, with both figures above consensus estimates by 4.88% and 8.13% respectively, according to recent earnings coverage.
MLM
US$599.42
Martin Marietta Materials
7D
-4.7%
1Y
7.4%
Narrative Update • Jun 30

MLM: Lhoist Deal And Infrastructure Demand Will Support Long Term Upside

Analysts have modestly reduced their fair value estimate for Martin Marietta Materials by about $17 to roughly $683, reflecting slightly lower assumptions for revenue growth and profit margins while still acknowledging the company’s strong aggregates position and competitive moat highlighted in recent research coverage. Analyst Commentary Recent research on Martin Marietta Materials shows a mix of optimism about the company’s core aggregates business and caution around valuation and macro sensitivities, which together help explain the modest trim to fair value estimates.
RS
US$372.01
Reliance
7D
-8.3%
1Y
13.8%
NUE
US$220.75
Nucor
7D
-11.3%
1Y
60.1%
AU
US$84.65
AngloGold Ashanti
7D
6.7%
1Y
81.2%
STLD
US$220.39
Steel Dynamics
7D
-12.2%
1Y
65.4%
Seeking Alpha • Jun 25

Steel Dynamics Offers Solid Fundamentals And A Potential Short-Term Buying Opportunity

Summary Steel Dynamics remains a hold, with a 10% further decline targeted as an attractive entry amid recent Q2 guidance and market volatility. STLD's Q1 saw revenues up 19% to $5.2B and net earnings doubling, driven by broad-based growth and a rapidly expanding aluminum segment. STLD's recycling-based model offers a structural cost advantage as energy prices rise, supporting long-term outperformance versus peers like Nippon Steel. I plan incremental buying if STLD declines by over 20% from highs, balancing downside risk with superior profitability and a forward P/E of 15. Read the full article on Seeking Alpha
CRH
US$107.53
CRH
7D
-4.9%
1Y
13.3%
Narrative Update • Jun 25

CRH: Arcosa Acquisition Will Support Stronger Future Shareholder Returns

Analysts have made a small upward adjustment to the CRH price target, moving it from $142.66 to $142.95. This reflects slightly different assumptions around discount rate, revenue growth, profit margin, and future P/E.