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U.S. Materials Sector Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies458
  • 7D4.5%
  • 3M6.5%
  • 1Y21.3%
  • YTD2.8%

In the last week, the Materials industry is up 4.5%, with Southern Copper up 10%. This means that the industry has gained 21% over the past year. 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
Thu, 08 Jan 2026US$1.8tUS$852.9bUS$45.8b24.9x39.9x2.1x
Sat, 06 Dec 2025US$1.7tUS$852.8bUS$45.8b22.7x36.6x2x
Mon, 03 Nov 2025US$1.6tUS$847.2bUS$47.6b22.4x34.4x1.9x
Wed, 01 Oct 2025US$1.7tUS$839.0bUS$47.2b24.1x35.6x2x
Fri, 29 Aug 2025US$1.7tUS$837.9bUS$47.3b23.6x35.2x2x
Sun, 27 Jul 2025US$1.6tUS$834.9bUS$48.2b22.9x34x2x
Tue, 24 Jun 2025US$1.5tUS$837.5bUS$48.4b21.8x31.8x1.8x
Thu, 22 May 2025US$1.6tUS$866.1bUS$49.9b21.1x31.5x1.8x
Sat, 19 Apr 2025US$1.5tUS$864.7bUS$55.2b18.9x26.4x1.7x
Mon, 17 Mar 2025US$1.5tUS$867.8bUS$54.0b21.9x28.5x1.8x
Wed, 12 Feb 2025US$1.6tUS$866.5bUS$48.7b20.9x32.9x1.8x
Fri, 10 Jan 2025US$1.5tUS$875.8bUS$49.4b18.8x30.7x1.7x
Sun, 08 Dec 2024US$1.7tUS$876.2bUS$49.7b20.7x33.3x1.9x
Tue, 05 Nov 2024US$1.7tUS$879.9bUS$50.2b20.6x33x1.9x
Thu, 03 Oct 2024US$1.7tUS$868.7bUS$50.0b21.4x34.1x2x
Sat, 31 Aug 2024US$1.6tUS$870.4bUS$49.8b21.5x32.9x1.9x
Mon, 29 Jul 2024US$1.6tUS$866.0bUS$50.7b20.6x31.8x1.9x
Wed, 26 Jun 2024US$1.6tUS$870.9bUS$50.1b20.2x31.1x1.8x
Fri, 24 May 2024US$1.6tUS$871.4bUS$50.3b21.8x32x1.8x
Sun, 21 Apr 2024US$1.6tUS$879.7bUS$52.4b16.4x29.7x1.8x
Tue, 19 Mar 2024US$1.6tUS$880.4bUS$52.4b17.2x29.8x1.8x
Thu, 15 Feb 2024US$1.4tUS$875.7bUS$60.2b18.2x23.6x1.6x
Sat, 13 Jan 2024US$1.5tUS$905.9bUS$63.3b17.6x23.2x1.6x
Mon, 11 Dec 2023US$1.4tUS$906.1bUS$63.4b16.8x22.3x1.6x
Wed, 08 Nov 2023US$1.4tUS$911.1bUS$64.7b14.1x20.9x1.5x
Fri, 06 Oct 2023US$1.3tUS$894.1bUS$63.5b13.9x20.2x1.4x
Sun, 03 Sep 2023US$1.4tUS$889.8bUS$63.0b14.9x22x1.6x
Tue, 01 Aug 2023US$1.4tUS$916.0bUS$70.8b14.2x20.4x1.6x
Thu, 29 Jun 2023US$1.4tUS$936.5bUS$76.8b12.9x17.6x1.4x
Sat, 27 May 2023US$1.3tUS$934.6bUS$77.1b12.7x16.6x1.4x
Mon, 24 Apr 2023US$1.4tUS$948.3bUS$85.4b12.4x15.9x1.4x
Wed, 22 Mar 2023US$1.3tUS$952.6bUS$88.3b11.9x14.9x1.4x
Fri, 17 Feb 2023US$1.4tUS$952.4bUS$89.3b12.1x15.7x1.5x
Sun, 15 Jan 2023US$1.4tUS$967.8bUS$95.5b11.5x14.9x1.5x
Price to Earnings Ratio

14.9x


Total Market Cap: US$1.4tTotal Earnings: US$95.5bTotal Revenue: US$967.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 29.8x202420252026
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 39.9x which is higher than its 3-year average PE of 29.8x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.1x.
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 Market1.52%
Materials4.51%
Metals and Mining8.20%
Chemicals3.18%
Packaging0.59%
Basic Materials0.098%
Paper and Forestry Products-1.70%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 38.5x.
    • Analysts are expecting annual earnings growth of 22.8%, which is higher than its past year's earnings decline of 8.4% 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$158.0910.2%
+US$12.0b		71.4%PE33.9x
NEM NewmontUS$108.018.2%
+US$8.9b		176.0%PE16.4x
FCX Freeport-McMoRanUS$55.509.3%
+US$6.8b		39.7%PE38.6x
AEM Agnico Eagle MinesUS$182.077.4%
+US$6.3b		118.4%PE26.5x
AU AngloGold AshantiUS$92.748.7%
+US$3.8b		268.3%PE20.8x

Latest News

FCX
US$55.50
Freeport-McMoRan
7D
9.3%
1Y
39.7%
AEM
US$182.07
Agnico Eagle Mines
7D
7.4%
1Y
118.4%
AVY
US$180.53
Avery Dennison
7D
-0.7%
1Y
-3.8%
AA
US$62.74
Alcoa
7D
18.1%
1Y
74.3%
CCK
US$100.66
Crown Holdings
7D
-2.2%
1Y
25.8%
STLD
US$167.83
Steel Dynamics
7D
-1.0%
1Y
44.1%

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.
LPX
US$79.15
Louisiana-Pacific
7D
-2.0%
1Y
-25.7%
APD
US$261.87
Air Products and Chemicals
7D
6.0%
1Y
-8.2%

APD: Decarbonization Projects And LA Blue Progress Will Support Future Confidence

Analysts have trimmed their blended price targets for Air Products and Chemicals to a range anchored around US$260 to US$325, reflecting updated views on discount rates, modestly adjusted growth and margin assumptions, and a wait for more clarity on key projects such as LA Blue. Analyst Commentary Street research on Air Products and Chemicals has coalesced around a tighter price target range, with recent revisions centered near US$260 to US$325.
AU
US$92.74
AngloGold Ashanti
7D
8.7%
1Y
268.3%

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).
CRH
US$122.88
CRH
7D
-1.5%
1Y
32.8%
NEM
US$108.01
Newmont
7D
8.2%
1Y
176.0%

NEM: Future Barrick Dealmaking Will Likely Erode Already Stretched Share Pricing

The analyst price target for Newmont has been raised significantly, from approximately $58 to about $78 per share, as analysts factor in higher expected gold prices, improved profitability, and valuation upside relative to peers. Analyst Commentary Recent Street research on Newmont reflects a broadly constructive stance, with multiple firms lifting price targets and upgrading the stock on expectations of stronger gold prices, improving free cash flow, and valuation upside relative to peers.
ICL
US$5.54
ICL Group
7D
-3.0%
1Y
6.9%
LOMA
US$12.00
Loma Negra Compañía Industrial Argentina Sociedad Anónima
7D
-7.3%
1Y
-3.7%
SCCO
US$158.09
Southern Copper
7D
10.2%
1Y
71.4%

SCCO Copper Supply Tightness Is Expected To Drive MultiYear Upside

Analysts have raised their price target for Southern Copper significantly, with fair value estimates climbing from approximately $125 to $172. This reflects higher copper price forecasts, tightening supply into 2026, and modestly stronger long term growth and profitability assumptions.
CLF
US$12.04
Cleveland-Cliffs
7D
-9.3%
1Y
23.5%

CLF: Rare Earths Hype Will Likely Fade Against Weak Steel Fundamentals

Analysts have nudged our Cleveland Cliffs fair value estimate higher to approximately $8.62 from about $6.06 per share. This reflects a modestly higher long term valuation multiple even as they factor in softer near term revenue growth, still pressured margins, and a mixed macro backdrop for steel demand.
LIN
US$434.14
Linde
7D
1.8%
1Y
3.4%

LIN: Defensive Profile And Buybacks Will Support Shares Into 2026

Linde's analyst price target has been trimmed modestly, falling from about $505.61 to $502.88 as analysts weigh the stock's defensive growth profile, slightly lower fair value multiple assumptions, and a challenging near term macro backdrop against expectations for earnings growth acceleration in 2026. Analyst Commentary Recent research updates present a mixed but generally constructive view on Linde, with analysts balancing its defensive growth profile against persistent macro and volume headwinds across key end markets.