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U.S. Materials Sector Analysis

UpdatedMar 31, 2026
DataAggregated Company Financials
Companies446
  • 7D2.6%
  • 3M5.9%
  • 1Y22.9%
  • YTD5.2%

The Materials industry is up 2.6% in the last week, with Linde up 4.4%. This means that the industry has gained 23% over the past year. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 31 Mar 2026US$1.9tUS$845.8bUS$43.5b20.7x42.6x2.2x
Thu, 26 Feb 2026US$2.1tUS$846.8bUS$42.8b23.5x49x2.5x
Sat, 24 Jan 2026US$2.0tUS$853.1bUS$46.3b25.4x42.3x2.3x
Mon, 22 Dec 2025US$1.7tUS$852.9bUS$45.8b23.8x37.7x2x
Wed, 19 Nov 2025US$1.6tUS$852.3bUS$45.7b21.4x34.9x1.9x
Fri, 17 Oct 2025US$1.7tUS$835.7bUS$47.0b24x36.2x2x
Sun, 14 Sep 2025US$1.7tUS$838.0bUS$47.2b24x35.7x2x
Tue, 12 Aug 2025US$1.6tUS$836.8bUS$48.0b21.9x33.5x1.9x
Thu, 10 Jul 2025US$1.6tUS$835.7bUS$48.4b22.9x33.2x1.9x
Sat, 07 Jun 2025US$1.6tUS$852.8bUS$48.5b21.4x32.2x1.8x
Mon, 05 May 2025US$1.5tUS$852.4bUS$49.2b21x30.5x1.8x
Wed, 02 Apr 2025US$1.5tUS$869.1bUS$53.9b20.3x28.5x1.8x
Fri, 28 Feb 2025US$1.6tUS$869.4bUS$54.7b21.3x29x1.8x
Sun, 26 Jan 2025US$1.6tUS$873.4bUS$49.2b21.4x32.5x1.8x
Tue, 24 Dec 2024US$1.5tUS$876.0bUS$49.8b19.1x30.7x1.7x
Thu, 21 Nov 2024US$1.6tUS$877.5bUS$50.1b20.8x32.9x1.9x
Sat, 19 Oct 2024US$1.7tUS$875.2bUS$50.1b22.3x34.5x2x
Mon, 16 Sep 2024US$1.6tUS$870.7bUS$49.8b21.2x32.6x1.9x
Wed, 14 Aug 2024US$1.6tUS$871.0bUS$50.3b20.1x31x1.8x
Fri, 12 Jul 2024US$1.6tUS$866.3bUS$50.4b19.5x31.1x1.8x
Sun, 09 Jun 2024US$1.6tUS$871.2bUS$50.2b21.4x31.2x1.8x
Tue, 07 May 2024US$1.6tUS$872.5bUS$50.6b18.4x31.4x1.8x
Thu, 04 Apr 2024US$1.6tUS$880.3bUS$52.3b18.2x31.1x1.8x
Sat, 02 Mar 2024US$1.5tUS$880.0bUS$52.4b17.8x28.7x1.7x
Mon, 29 Jan 2024US$1.5tUS$903.8bUS$62.0b17.6x23.5x1.6x
Wed, 27 Dec 2023US$1.5tUS$906.2bUS$63.0b18.7x23.9x1.7x
Fri, 24 Nov 2023US$1.4tUS$908.1bUS$63.7b16.5x21.8x1.5x
Sun, 22 Oct 2023US$1.3tUS$893.5bUS$63.7b12.9x19.6x1.4x
Tue, 19 Sep 2023US$1.3tUS$889.8bUS$62.9b13.8x21.3x1.5x
Thu, 17 Aug 2023US$1.3tUS$887.6bUS$63.2b13.8x21.2x1.5x
Sat, 15 Jul 2023US$1.4tUS$936.3bUS$76.9b13.5x18.3x1.5x
Mon, 12 Jun 2023US$1.3tUS$936.9bUS$77.2b13x17.2x1.4x
Wed, 10 May 2023US$1.3tUS$934.6bUS$77.4b12.7x17.2x1.4x
Fri, 07 Apr 2023US$1.3tUS$952.3bUS$86.6b11.9x15.5x1.4x
Price to Earnings Ratio

15.5x


Total Market Cap: US$1.3tTotal Earnings: US$86.6bTotal Revenue: US$952.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 32x202420252026
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 42.6x which is higher than its 3-year average PE of 32.0x.
  • The 3-year average PS ratio of 2.0x 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 20% per year over the last three years,
  • Revenues have also declined 3.9% 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 Market-3.50%
Materials2.63%
Chemicals4.81%
Metals and Mining1.83%
Packaging-0.77%
Basic Materials-1.18%
Paper and Forestry Products-2.70%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 44.4x.
    • Analysts are expecting annual earnings growth of 21.5%, which is higher than its past year's earnings decline of 2.5% per year.
  • Investors are most pessimistic about the Basic Materials industry, which is trading close to 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
LIN LindeUS$499.264.4%
+US$9.8b		7.2%PE33.5x
NEM NewmontUS$103.125.1%
+US$4.8b		113.6%PE15.7x
DOW DowUS$41.8716.2%
+US$4.2b		19.9%PS0.8x
AEM Agnico Eagle MinesUS$191.864.2%
+US$3.9b		77.0%PE21.5x
LYB LyondellBasell IndustriesUS$82.3815.3%
+US$3.5b		17.0%PS0.9x

Latest News

HL
US$17.22
Hecla Mining
7D
-3.3%
1Y
209.7%

HL: Slower Production Outlook Will Likely Undermine Rich Future P/E Multiple

Analysts have trimmed their price target for Hecla Mining from $16.00 to about $13.85, citing updated assumptions that pair a higher forecast profit margin of roughly 42.8% with a lower expected revenue growth rate of about 1.0% and a reduced future P/E of around 22.9x. What's in the News Hecla issued new consolidated silver production guidance for the twelve months ending December 31, 2026, at 15.1 to 16.5 million ounces, and gold production guidance at 65,000 to 72,000 ounces, including 14,000 to 17,000 ounces from Casa Berardi in the first quarter (Corporate guidance).
TMC
US$4.10
TMC the metals
7D
-19.0%
1Y
138.4%
CRH
US$101.91
CRH
7D
-2.4%
1Y
15.8%

CRH: Delisting And Buybacks Will Support Future Shareholder Returns

Analysts have maintained their price target on CRH at $142.41, citing only minor adjustments to discount rate, revenue growth and profit margin assumptions that do not materially change their overall valuation view. What's in the News CRH plans to fully delist from the London Stock Exchange, with the last trading day for its ordinary shares on April 17, 2026, and the delisting effective April 20, 2026, following a review of trading activity and listing costs (Key Developments).
CTVA
US$82.95
Corteva
7D
6.7%
1Y
31.8%

CTVA: Crop Protection Uncertainty And SpinCo Separation Will Shape Future Risk Balance

The analyst price target for Corteva has been nudged higher, with a modest fair value uplift to $83.95 as analysts balance a series of recent target increases from multiple firms against more cautious views tied to softer crop protection trends. Analyst Commentary Recent research on Corteva reflects a split view, with several firms lifting price targets while others turn more cautious on near term fundamentals, especially in crop protection.
USAR
US$14.23
USA Rare Earth
7D
-18.2%
1Y
139.6%
AMCR
US$38.11
Amcor
7D
-3.2%
1Y
-21.4%

AMCR: Future Returns Will Depend On Berry Integration Synergies After Reverse Split

Amcor's updated analyst price target has moved slightly lower to $52.54 from $53.49, as analysts factor in a modestly higher discount rate and slightly softer margin and P/E assumptions following a mix of recent upgrades, downgrades and revised target prices. Analyst Commentary Recent research on Amcor points to a mixed but useful set of signals for you as an investor, with analysts split between constructive views on earnings potential and caution around valuation, volume trends and integration risk.
CF
US$137.60
CF Industries Holdings
7D
14.5%
1Y
76.1%

Low Carbon Ammonia Ambitions And Gas Spreads Will Pressure Future Earnings And Margins

Catalysts About CF Industries Holdings CF Industries Holdings produces nitrogen based fertilizers and low carbon ammonia for agricultural and industrial customers. What are the underlying business or industry changes driving this perspective?
FCX
US$54.65
Freeport-McMoRan
7D
-0.5%
1Y
44.3%
NEM
US$103.12
Newmont
7D
5.1%
1Y
113.6%
APD
US$291.56
Air Products and Chemicals
7D
4.6%
1Y
-1.1%
CDE
US$16.50
Coeur Mining
7D
-7.8%
1Y
178.7%
DOW
US$41.87
Dow
7D
16.2%
1Y
19.9%
MP
US$45.59
MP Materials
7D
-14.4%
1Y
86.8%

MP: Texas Magnet Campus And Federal Partnership Will Support Long-Term Upside

Analysts have slightly raised their price target on MP Materials to $92.80 from $92.33, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News MP Materials plans to develop "10X," a large rare earth magnet manufacturing campus on a 120-acre site in Northlake, Texas, positioned less than 10 miles from its existing Independence facility in Fort Worth.
AEM
US$191.86
Agnico Eagle Mines
7D
4.2%
1Y
77.0%
LYB
US$82.38
LyondellBasell Industries
7D
15.3%
1Y
17.0%

LYB: Dividend Cut And Supply Tightness Will Still Limit Share Upside

Analysts have raised their average price targets for LyondellBasell by a wide margin, with several firms moving into Buy or Outperform territory. They cite tighter polyethylene supply, potential margin upside in U.S. petrochemicals, and a recent dividend cut that they view as reducing balance sheet risk.
LIN
US$499.26
Linde
7D
4.4%
1Y
7.2%