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U.S. Materials Sector Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies450
  • 7D0.7%
  • 3M2.1%
  • 1Y15.2%
  • YTD17.1%

Over the last 7 days, the Materials industry has remained flat, although notably Newmont gained 3.2%. As for the the longer term, the industry is up 15% over the past 12 months. 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
Sat, 20 Dec 2025US$1.7tUS$852.9bUS$45.8b23.8x37.5x2x
Mon, 17 Nov 2025US$1.6tUS$852.3bUS$45.7b21.8x35.5x1.9x
Wed, 15 Oct 2025US$1.7tUS$835.7bUS$47.0b24.1x36x2x
Fri, 12 Sep 2025US$1.7tUS$838.0bUS$47.2b24x35.2x2x
Sun, 10 Aug 2025US$1.6tUS$836.8bUS$48.0b22.3x33.5x1.9x
Tue, 08 Jul 2025US$1.6tUS$835.7bUS$48.4b22.8x33.5x1.9x
Thu, 05 Jun 2025US$1.6tUS$852.8bUS$48.5b21.1x32.1x1.8x
Sat, 03 May 2025US$1.5tUS$852.4bUS$50.2b20.5x29.6x1.7x
Mon, 31 Mar 2025US$1.5tUS$869.0bUS$53.9b20.5x28.3x1.8x
Wed, 26 Feb 2025US$1.6tUS$869.1bUS$54.8b21.8x28.8x1.8x
Fri, 24 Jan 2025US$1.6tUS$873.7bUS$49.2b20.8x32.4x1.8x
Sun, 22 Dec 2024US$1.5tUS$876.0bUS$49.8b19.3x30.7x1.7x
Tue, 19 Nov 2024US$1.6tUS$877.4bUS$50.1b20.9x32.5x1.9x
Thu, 17 Oct 2024US$1.7tUS$875.4bUS$50.4b22.4x34.1x2x
Sat, 14 Sep 2024US$1.6tUS$870.7bUS$49.8b21.2x32.3x1.9x
Mon, 12 Aug 2024US$1.6tUS$870.9bUS$50.3b20.2x31.1x1.8x
Wed, 10 Jul 2024US$1.5tUS$854.0bUS$49.6b19x31x1.8x
Fri, 07 Jun 2024US$1.6tUS$887.6bUS$50.8b21.7x31.4x1.8x
Sun, 05 May 2024US$1.6tUS$872.6bUS$50.7b18.1x31x1.8x
Tue, 02 Apr 2024US$1.6tUS$880.2bUS$52.3b18.3x31x1.8x
Thu, 29 Feb 2024US$1.5tUS$879.1bUS$52.2b17.9x28.6x1.7x
Sat, 27 Jan 2024US$1.5tUS$905.1bUS$62.8b17.6x23.2x1.6x
Mon, 25 Dec 2023US$1.5tUS$906.1bUS$63.0b18.6x23.9x1.7x
Wed, 22 Nov 2023US$1.4tUS$908.1bUS$63.7b16.6x21.7x1.5x
Fri, 20 Oct 2023US$1.3tUS$893.5bUS$63.8b13.1x19.9x1.4x
Sun, 17 Sep 2023US$1.3tUS$889.8bUS$62.9b13.8x21.4x1.5x
Tue, 15 Aug 2023US$1.4tUS$888.0bUS$63.4b14.1x21.7x1.5x
Thu, 13 Jul 2023US$1.4tUS$936.2bUS$76.8b13.7x18.3x1.5x
Sat, 10 Jun 2023US$1.3tUS$936.9bUS$77.2b13x17.2x1.4x
Mon, 08 May 2023US$1.3tUS$934.7bUS$78.2b12.6x17.2x1.4x
Wed, 05 Apr 2023US$1.4tUS$952.4bUS$86.6b12.2x15.6x1.4x
Fri, 03 Mar 2023US$1.4tUS$950.7bUS$85.8b12.2x16.5x1.5x
Sun, 29 Jan 2023US$1.4tUS$962.3bUS$92.2b12.4x15.4x1.5x
Tue, 27 Dec 2022US$1.3tUS$967.3bUS$95.5b11.1x13.8x1.4x
Price to Earnings Ratio

13.8x


Total Market Cap: US$1.3tTotal Earnings: US$95.5bTotal Revenue: US$967.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 29.4x202320242025
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 37.5x which is higher than its 3-year average PE of 29.4x.
  • The industry is trading close to its 3-year average PS ratio of 1.9x.
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 Market-0.062%
Materials0.66%
Metals and Mining2.22%
Packaging0.51%
Chemicals-0.16%
Basic Materials-1.14%
Paper and Forestry Products-4.51%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 37.6x.
    • Analysts are expecting annual earnings growth of 22.8%, which is higher than its past year's earnings decline of 5.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 32% 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
NEM NewmontUS$101.293.2%
+US$3.4b		164.6%PE15.4x
AEM Agnico Eagle MinesUS$174.213.5%
+US$3.0b		122.9%PE25.4x
FCX Freeport-McMoRanUS$49.153.7%
+US$2.5b		26.5%PE34.2x
LIN LindeUS$421.431.2%
+US$2.4b		-0.7%PE27.7x
AU AngloGold AshantiUS$86.204.0%
+US$1.7b		260.7%PE19.3x

Latest News

CRH
US$124.42
CRH
7D
-1.6%
1Y
32.9%
DOW
US$23.26
Dow
7D
-3.0%
1Y
-41.8%
AA
US$51.25
Alcoa
7D
11.1%
1Y
35.4%
ALB
US$145.88
Albemarle
7D
9.9%
1Y
64.6%

ALB: Lithium Price Rebound Is Expected To Limit Future Share Upside

Analysts have raised our Albemarle fair value estimate to $75 from $58, reflecting higher projected lithium prices, improved demand expectations, and stronger medium term earnings power. Analyst Commentary Recent Street research on Albemarle has turned incrementally constructive on lithium pricing and near term earnings, but the overall tone remains balanced as many price targets and ratings embed limited upside from current levels.
NUE
US$159.15
Nucor
7D
-3.6%
1Y
36.5%
FCX
US$49.15
Freeport-McMoRan
7D
3.7%
1Y
26.5%
VMC
US$291.87
Vulcan Materials
7D
-1.4%
1Y
10.9%
SCCO
US$144.00
Southern Copper
7D
1.1%
1Y
60.4%

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.
AU
US$86.20
AngloGold Ashanti
7D
4.0%
1Y
260.7%

AU: Rising Gold Output Will Likely Fail To Justify Current Share Price

Analysts have significantly raised their price target for AngloGold Ashanti from approximately $38 to about $67 per share, citing expectations for stronger revenue growth, improved profit margins, a slightly higher required return, and a modestly lower future earnings multiple. What's in the News AngloGold Ashanti increased its interim dividend to 91 US cents per share for the three months ended 30 September 2025, indicating confidence in cash generation and balance sheet strength (Key Developments).
LIN
US$421.43
Linde
7D
1.2%
1Y
-0.7%

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.
SIM
US$26.00
Grupo Simec. de
7D
-12.5%
1Y
-2.0%
SHW
US$320.86
Sherwin-Williams
7D
-2.4%
1Y
-7.1%

SHW: Pricing Power And Margin Discipline Will Drive Upside Through Macro Volatility

The analyst price target for Sherwin-Williams has been modestly increased to about $386 from roughly $386, as analysts balance cautious views on a challenging macro environment and uneven end markets with support from select target raises and an unchanged long-term earnings multiple outlook. Analyst Commentary Recent research updates on Sherwin-Williams reflect a mixed but generally constructive stance, with modest target changes capturing both improving company specific execution and ongoing macro uncertainty across key end markets.
AEM
US$174.21
Agnico Eagle Mines
7D
3.5%
1Y
122.9%

AEM: Geopolitical Uncertainty And Gold Rally Will Drive Future Upside

Analysts have nudged their price target for Agnico Eagle Mines higher, reflecting an improved fair value estimate of about $195 per share. This is driven by more constructive assumptions on revenue growth, margins, and sustained support from higher gold price forecasts and sector tailwinds.
APD
US$239.96
Air Products and Chemicals
7D
-1.3%
1Y
-18.7%

APD: Decarbonization Projects Will Drive Future Earnings Confidence Despite Turnaround Uncertainty

Analysts have reduced their average price target for Air Products and Chemicals by about $2 to roughly $309, reflecting slightly softer assumptions for growth and margins, even as they highlight ongoing earnings potential from the company’s decarbonization initiatives and turnaround efforts. Analyst Commentary Recent research updates reflect a mixed but generally constructive view on Air Products and Chemicals, with valuation expectations coming down modestly while longer term growth drivers, especially in decarbonization, remain a key focus.
MOS
US$23.80
Mosaic
7D
-9.2%
1Y
-1.1%

MOS: Strong Harvest And Deferred Demand Will Support Future Upside

We trim our Mosaic fair value estimate by approximately $1 to $34 per share, as analysts broadly lower price targets in response to softer near term fertilizer demand, weaker phosphate volumes and margins, and higher expected input costs, partially offset by selective optimism on execution and harvest driven demand. Analyst Commentary Street research on Mosaic has turned more mixed as analysts recalibrate expectations for fertilizer pricing, volumes, and input costs.
NEM
US$101.29
Newmont
7D
3.2%
1Y
164.6%

NEM: Shares Will Rise On Constructive Gold Cycle And Acquisition Ambitions

Analysts have nudged our Newmont fair value estimate modestly higher to approximately $105, reflecting a series of higher Street price targets, stronger expected revenue growth and margins, and sustained optimism around gold and broader metals pricing, despite a still challenging macro backdrop. Analyst Commentary Recent Street research for Newmont has skewed overwhelmingly positive, with multiple upward price target revisions and several rating upgrades clustered in a short time frame.