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U.S. Materials Sector Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies458
  • 7D3.2%
  • 3M10.2%
  • 1Y24.9%
  • YTD8.1%

The Materials industry is up 3.2% in the last week, with Southern Copper up 8.9%. In the same time, Evolution Metals & Technologies was down 55%. In the last 12 months, the industry was up 25%. Looking forward, earnings are forecast to grow by 20% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 14 Jan 2026US$1.9tUS$853.2bUS$46.1b25.3x41.3x2.2x
Fri, 12 Dec 2025US$1.7tUS$852.8bUS$45.9b23.5x36.6x2x
Sun, 09 Nov 2025US$1.6tUS$851.2bUS$45.5b22.9x35.3x1.9x
Tue, 07 Oct 2025US$1.7tUS$835.9bUS$47.0b24.3x36.2x2x
Thu, 04 Sep 2025US$1.7tUS$837.9bUS$47.3b23.6x35.1x2x
Sat, 02 Aug 2025US$1.6tUS$842.5bUS$47.5b20.8x32.8x1.8x
Mon, 30 Jun 2025US$1.6tUS$837.4bUS$48.4b22.1x32.2x1.9x
Wed, 28 May 2025US$1.5tUS$852.8bUS$47.6b21.2x32x1.8x
Fri, 25 Apr 2025US$1.5tUS$865.4bUS$56.5b19.7x26x1.7x
Sun, 23 Mar 2025US$1.5tUS$869.1bUS$53.9b21.4x28.5x1.8x
Tue, 18 Feb 2025US$1.6tUS$870.1bUS$49.6b21.2x32.5x1.9x
Thu, 16 Jan 2025US$1.5tUS$873.2bUS$49.2b19.8x31.4x1.8x
Sat, 14 Dec 2024US$1.6tUS$876.2bUS$49.7b21.3x32.6x1.9x
Mon, 11 Nov 2024US$1.7tUS$878.4bUS$50.3b21.9x33.7x1.9x
Wed, 09 Oct 2024US$1.7tUS$875.6bUS$50.5b21.2x33.4x1.9x
Fri, 06 Sep 2024US$1.6tUS$870.6bUS$49.8b20.9x32x1.8x
Sun, 04 Aug 2024US$1.6tUS$870.9bUS$50.0b20.1x31.6x1.8x
Tue, 02 Jul 2024US$1.5tUS$873.5bUS$50.1b19.6x30.8x1.8x
Thu, 30 May 2024US$1.6tUS$871.4bUS$50.3b21.3x31.9x1.8x
Sat, 27 Apr 2024US$1.6tUS$879.2bUS$51.8b16.7x30.3x1.8x
Mon, 25 Mar 2024US$1.6tUS$880.3bUS$52.1b17.4x30.5x1.8x
Wed, 21 Feb 2024US$1.5tUS$874.5bUS$56.2b19.1x26.1x1.7x
Fri, 19 Jan 2024US$1.4tUS$905.6bUS$63.6b17.6x22.6x1.6x
Sun, 17 Dec 2023US$1.5tUS$906.1bUS$63.0b17.8x23.4x1.6x
Tue, 14 Nov 2023US$1.3tUS$908.4bUS$63.7b14.8x20.9x1.5x
Thu, 12 Oct 2023US$1.3tUS$894.2bUS$63.5b13.6x20.7x1.5x
Sat, 09 Sep 2023US$1.3tUS$889.7bUS$62.9b13.5x21.4x1.5x
Mon, 07 Aug 2023US$1.4tUS$889.4bUS$63.6b14.7x21.8x1.6x
Wed, 05 Jul 2023US$1.4tUS$936.0bUS$76.9b13.9x18.1x1.5x
Fri, 02 Jun 2023US$1.3tUS$934.7bUS$77.1b12.5x16.5x1.4x
Sun, 30 Apr 2023US$1.4tUS$937.3bUS$81.9b12.7x16.6x1.4x
Tue, 28 Mar 2023US$1.3tUS$952.2bUS$86.6b12.1x15.2x1.4x
Thu, 23 Feb 2023US$1.4tUS$950.6bUS$87.6b12x15.6x1.4x
Sat, 21 Jan 2023US$1.4tUS$967.2bUS$95.5b11.6x14.7x1.5x
Price to Earnings Ratio

14.7x


Total Market Cap: US$1.4tTotal Earnings: US$95.5bTotal Revenue: US$967.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 29.9x202420252026
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 41.3x which is higher than its 3-year average PE of 29.9x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.2x.
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 4.1% 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 Market0.24%
Materials3.16%
Paper and Forestry Products7.30%
Metals and Mining4.18%
Chemicals2.68%
Packaging2.43%
Basic Materials1.43%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 38.8x.
    • Analysts are expecting annual earnings growth of 23.3%, which is higher than its past year's earnings decline of 8.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 29% 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
SCCO Southern CopperUS$174.378.9%
+US$11.7b		89.5%PE37.4x
AEM Agnico Eagle MinesUS$199.0810.2%
+US$9.3b		137.2%PE29x
NEM NewmontUS$114.635.0%
+US$5.8b		185.4%PE17.4x
FCX Freeport-McMoRanUS$59.345.7%
+US$4.6b		50.2%PE41.3x
SHW Sherwin-WilliamsUS$355.994.7%
+US$3.9b		4.2%PE34.1x

Latest News

EMAT
US$9.51
Evolution Metals & Technologies
7D
-55.3%
1Y
-18.1%

Here's Why We're Not Too Worried About Evolution Metals & Technologies' (NASDAQ:EMAT) Cash Burn Situation

Jan 14
Here's Why We're Not Too Worried About Evolution Metals & Technologies' (NASDAQ:EMAT) Cash Burn Situation
ALB
US$176.88
Albemarle
7D
11.8%
1Y
91.0%
NEM
US$114.63
Newmont
7D
5.0%
1Y
185.4%
FTK
US$16.33
Flotek Industries
7D
-15.7%
1Y
87.7%
FCX
US$59.34
Freeport-McMoRan
7D
5.7%
1Y
50.2%
SHW
US$355.99
Sherwin-Williams
7D
4.7%
1Y
4.2%

SHW: Pricing Power And Margins Will Be Tested In Mixed Chemicals Backdrop

Narrative Update We are making a small upward adjustment to our Sherwin-Williams price target of about $0.80, reflecting analysts' mixed but generally constructive updates to revenue growth, margins, and long term P/E assumptions following recent Street research. Analyst Commentary Recent Street research on Sherwin-Williams shows a mix of optimism and caution, with price targets clustered in a relatively tight range and ratings spread between Neutral and Buy.
CRH
US$127.38
CRH
7D
-1.2%
1Y
37.4%

CRH: Index Additions And Buybacks Will Support Balanced Future Upside Potential

Analysts have nudged their price target for CRH higher to €140.20 from €138.80, citing slightly adjusted assumptions around revenue growth, profit margins, discount rate and future P/E that together support a modestly higher valuation range. What's in the News CRH plc (NYSE:CRH) was added to the S&P 500, increasing its presence in a widely tracked US large cap index (Key Developments).
CTVA
US$68.85
Corteva
7D
-0.7%
1Y
13.1%

CTVA: Planned Seed And Pesticide Split Will Support Future Earnings Power

Analysts lifted their blended fair value estimate for Corteva by about $0.19 to roughly $77.95 per share, reflecting updated price targets that factor in a mixed backdrop for chemicals and agriculture but continued confidence in the company’s ability to increase earnings. Analyst Commentary Recent research on Corteva reflects a mix of optimism and caution, with price targets clustered in the mid to high US$70s and one outlier in the low US$80s.
IDR
US$44.06
Idaho Strategic Resources
7D
-8.0%
1Y
328.6%
LIN
US$442.90
Linde
7D
1.3%
1Y
3.7%

LIN: Defensive Profile And Buybacks Will Support 2026 Rerating Potential

Analysts have nudged their price target for Linde up from about $502.88 to $503.21, reflecting updated assumptions around revenue growth, profit margins and future P/E. They have also weighed recent research that includes an upgrade to Buy and removal from a top ideas list.
SCCO
US$174.37
Southern Copper
7D
8.9%
1Y
89.5%

SCCO: Elevated Copper Prices Will Limit Future Upside Despite Supply Disruptions

Analysts have lifted their price target on Southern Copper to about US$128 from roughly US$118, citing higher projected fair value supported by updated assumptions for revenue growth, profit margins and P/E, as well as Street research that attributes the change to strong copper pricing driven by supply disruptions. Analyst Commentary Bullish Takeaways Bullish analysts point to copper prices sitting at record decades high levels, which they see as supportive for Southern Copper's revenue assumptions and higher fair value estimates.
AEM
US$199.08
Agnico Eagle Mines
7D
10.2%
1Y
137.2%
STLD
US$169.84
Steel Dynamics
7D
-1.7%
1Y
37.5%

STLD: Tariff Policy And Demand Rebound Will Shape Balanced Return Outlook

Analysts have lifted their fair value estimate for Steel Dynamics to about $183 per share from roughly $181, noting updated price targets from US$165 to US$185 and refreshed models that factor in a mixed demand backdrop across North America, China, the U.S. and Europe. Analyst Commentary Recent Street research on Steel Dynamics reflects a mix of optimism and caution, with several firms updating price targets and ratings as they incorporate new macro views and refreshed models.
AU
US$97.66
AngloGold Ashanti
7D
4.3%
1Y
269.9%

AU: Rising Gold Output And Regular Dividends Will Support Future Upside

Analysts have raised their price target on AngloGold Ashanti from 90.57 dollars to 98.00 dollars, reflecting expectations of faster revenue growth despite slightly higher discount rates and lower projected profit margins, as well as a richer future earnings multiple. What's in the News Announced an interim dividend of 0.91 US dollars per share for the quarter ended 30 September 2025, with NYSE shares trading ex dividend and on record on 28 November 2025 and payment scheduled for 12 December 2025 (company announcement).
ICL
US$5.41
ICL Group
7D
-2.9%
1Y
-4.6%
USAR
US$16.67
USA Rare Earth
7D
-3.0%
1Y
26.8%