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U.S. Materials Sector Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies444
  • 7D-4.3%
  • 3M-2.4%
  • 1Y22.0%
  • YTD8.4%

Over the last 7 days, the Materials industry has dropped 4.2%, driven by a pullback from Southern Copper of 13%. This takes the industry's 12 month performance to a gain of 20%. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 10 Jun 2026US$1.9tUS$863.7bUS$53.8b20.9x34.8x2.2x
Fri, 08 May 2026US$1.9tUS$858.3bUS$51.2b22.2x37.9x2.3x
Sun, 05 Apr 2026US$1.9tUS$845.8bUS$43.6b20.6x44.5x2.3x
Tue, 03 Mar 2026US$2.1tUS$845.4bUS$43.6b23.2x48.4x2.5x
Thu, 29 Jan 2026US$2.0tUS$854.7bUS$46.8b25.2x42.4x2.3x
Sat, 27 Dec 2025US$1.8tUS$853.0bUS$45.8b23.8x38.4x2.1x
Mon, 24 Nov 2025US$1.6tUS$852.7bUS$45.8b21.9x35x1.9x
Wed, 22 Oct 2025US$1.7tUS$836.6bUS$47.5b24.3x36x2x
Fri, 19 Sep 2025US$1.7tUS$838.2bUS$47.3b23.7x35.4x2x
Sun, 17 Aug 2025US$1.6tUS$838.2bUS$47.4b23.1x34.4x1.9x
Tue, 15 Jul 2025US$1.6tUS$832.9bUS$48.5b23x33.3x1.9x
Thu, 12 Jun 2025US$1.6tUS$852.8bUS$48.6b21.8x32.5x1.9x
Sat, 10 May 2025US$1.5tUS$852.7bUS$47.9b20.6x31.3x1.8x
Mon, 07 Apr 2025US$1.4tUS$863.9bUS$54.0b18.2x25.6x1.6x
Wed, 05 Mar 2025US$1.5tUS$868.7bUS$54.2b20.6x28.5x1.8x
Fri, 31 Jan 2025US$1.6tUS$872.8bUS$48.9b21.5x32.4x1.8x
Sun, 29 Dec 2024US$1.5tUS$876.0bUS$49.8b19.4x30.6x1.7x
Tue, 26 Nov 2024US$1.7tUS$876.1bUS$49.7b21.9x33.8x1.9x
Thu, 24 Oct 2024US$1.7tUS$875.3bUS$49.6b21.1x34.5x2x
Sat, 21 Sep 2024US$1.7tUS$870.5bUS$49.8b21.7x33.5x1.9x
Mon, 19 Aug 2024US$1.6tUS$870.9bUS$50.3b19.8x31.8x1.8x
Wed, 17 Jul 2024US$1.6tUS$866.4bUS$50.4b19.7x31.8x1.9x
Fri, 14 Jun 2024US$1.6tUS$871.2bUS$50.2b20.4x31.1x1.8x
Sun, 12 May 2024US$1.6tUS$871.6bUS$50.4b19.8x32.1x1.9x
Tue, 09 Apr 2024US$1.6tUS$880.2bUS$52.3b17.7x31x1.8x
Thu, 07 Mar 2024US$1.5tUS$880.0bUS$52.4b17.6x28.9x1.7x
Sat, 03 Feb 2024US$1.5tUS$901.3bUS$61.3b17.5x23.9x1.6x
Mon, 01 Jan 2024US$1.5tUS$905.2bUS$63.0b18.4x23.8x1.7x
Wed, 29 Nov 2023US$1.4tUS$908.2bUS$63.7b16.4x21.9x1.5x
Fri, 27 Oct 2023US$1.2tUS$885.8bUS$62.3b13.3x20x1.4x
Sun, 24 Sep 2023US$1.3tUS$889.8bUS$62.9b14.2x20.7x1.5x
Tue, 22 Aug 2023US$1.3tUS$887.4bUS$63.3b14x21.1x1.5x
Thu, 20 Jul 2023US$1.4tUS$936.3bUS$76.9b13.7x18.4x1.5x
Sat, 17 Jun 2023US$1.4tUS$937.1bUS$77.1b12.9x17.7x1.5x
Price to Earnings Ratio

17.7x


Total Market Cap: US$1.4tTotal Earnings: US$77.1bTotal Revenue: US$937.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 33.5x202420252026
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 33.5x.
  • 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 2.7% 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-3.33%
Materials-4.26%
Packaging0.81%
Chemicals0.54%
Paper and Forestry Products-0.62%
Basic Materials-1.57%
Metals and Mining-10.13%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 49.2x.
    • Analysts are expecting annual earnings growth of 17.2%, 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 12% 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$515.594.0%
+US$9.1b		8.4%PE33.7x
SHW Sherwin-WilliamsUS$310.556.0%
+US$4.3b		-13.9%PE29.3x
ECL EcolabUS$264.443.2%
+US$2.3b		-1.8%PE35.3x
APD Air Products and ChemicalsUS$282.981.3%
+US$821.7m		0.4%PE29.8x
IFF International Flavors & FragrancesUS$75.783.5%
+US$648.5m		-4.5%PE23.4x

Latest News

AA
US$72.41
Alcoa
7D
-13.6%
1Y
151.8%
MP
US$54.30
MP Materials
7D
-24.8%
1Y
99.4%
SCCO
US$175.17
Southern Copper
7D
-13.0%
1Y
86.2%
Narrative Update • Jun 09

SCCO: Rich P E And ESG Headwinds Will Shape Balanced Future Returns

Analysts have nudged their fair value estimate for Southern Copper slightly higher to about $163 per share, reflecting updated assumptions that temper revenue growth and margins while recognizing the stock's elevated P/E and the recent wave of Underweight and Sell ratings tied to concerns about a stretched valuation. Analyst Commentary Recent research on Southern Copper shows a crowded field of views, with several firms updating price targets and ratings in a short span.
ECL
US$264.44
Ecolab
7D
3.2%
1Y
-1.8%
IFF
US$75.78
International Flavors & Fragrances
7D
3.5%
1Y
-4.5%
CDE
US$16.09
Coeur Mining
7D
-16.2%
1Y
74.3%
AXTA
US$32.85
Axalta Coating Systems
7D
8.1%
1Y
5.8%
Narrative Update • Jun 06

AXTA: Merger Progress And Mixed Rating Shifts Will Shape Repriced Expectations

Axalta Coating Systems' updated analyst price target edges higher by about $0.14 per share as analysts factor in slightly lower discount rate assumptions and modestly adjusted growth and P/E inputs following recent Street research, including Citi's renewed confidence in the potential Axalta and Akzo merger. Analyst Commentary Bullish Takeaways Bullish analysts point to the potential Axalta and Akzo merger as a key support for valuation, with some viewing the removal of other interested bidders for Akzo as reducing deal uncertainty.
FCX
US$64.25
Freeport-McMoRan
7D
-10.4%
1Y
52.3%
Narrative Update • Jun 06

FCX: Copper Euphoria Will Be Capped By Prolonged Grasberg Production Constraints

Analysts have inched up the Fair Value estimate for Freeport-McMoRan by about $0.50, reflecting modest tweaks to revenue growth, profit margin, and future P/E assumptions. This move is supported by a wave of higher Street price targets and new Overweight ratings that highlight copper exposure as a key driver.
LIN
US$515.59
Linde
7D
4.0%
1Y
8.4%
Narrative Update • Jun 06

LIN: Pricing Power And Capital Returns Will Support Fairly Valued Helium And Hydrogen Exposure

Linde's analyst price target has been raised by around $4 to $545, with analysts pointing to updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E as support for the move. Analyst Commentary Recent Street research around Linde has centered on a series of price target revisions and one rating upgrade, giving you a clearer sense of how professionals are thinking about valuation, execution risk, and growth opportunities.
RS
US$401.80
Reliance
7D
2.6%
1Y
29.0%
Narrative Update • Jun 05

RS: Future Returns Will Depend On Sustained Buybacks Despite Overvaluation Concerns

Analysts have slightly raised their price target on Reliance from about $357.75 to roughly $359.57, citing marginally higher assumptions for revenue growth and profit margins, as well as a small adjustment to the discount rate and future P/E expectations. What's in the News Reliance, Inc.
NEM
US$98.54
Newmont
7D
-10.0%
1Y
87.5%
SHW
US$310.55
Sherwin-Williams
7D
6.0%
1Y
-13.9%
APD
US$282.98
Air Products and Chemicals
7D
1.3%
1Y
0.4%
Narrative Update • Jun 04

APD: Conflict Driven Chemical Pricing And Easing Helium Constraints Will Support Upside

Air Products and Chemicals' updated analyst price target has moved higher by several recent increments, with multiple banks lifting their targets by $2 to $51, as analysts highlight improving pricing power in key chemical chains, easing helium supply pressures, and a more supportive near term outlook for the stock. Analyst Commentary Recent research on Air Products and Chemicals has turned more constructive, with several firms lifting price targets and a few also upgrading their views on the stock.
AEM
US$159.93
Agnico Eagle Mines
7D
-10.6%
1Y
36.6%
PPG
US$116.36
PPG Industries
7D
2.4%
1Y
1.1%
Narrative Update • Jun 02

PPG: Coatings Strength And Buybacks Will Offset Mixed Earnings Expectations

PPG Industries' analyst price target has been adjusted slightly, with a change of about $0.15 as analysts balance recent target increases and cuts, along with updated assumptions for revenue, profit margins and future P/E expectations. Analyst Commentary Recent Street research on PPG Industries shows a mix of optimism and caution as firms fine tune their price targets and ratings, reflecting different views on valuation, execution and growth prospects.
AU
US$84.43
AngloGold Ashanti
7D
-8.1%
1Y
87.2%
Narrative Update • May 28

AU: New Buyback And Dividend Policy Will Support Future Upside

Analysts now place AngloGold Ashanti's price target at $123.29, up from $121.86, reflecting updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News The Board of Directors authorized a share repurchase plan under which AngloGold Ashanti may buy back up to US$2,000m of its common stock, subject to shareholder approval (Buyback Transaction Announcements).