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U.S. Materials Sector Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies446
  • 7D4.9%
  • 3M10.2%
  • 1Y33.3%
  • YTD10.2%

In the last week, the Materials industry is up 3.7%, with Newmont leading the way, up 15%. This means that the industry has gained 33% over the past year. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026US$1.9tUS$845.8bUS$43.6b21x44.6x2.3x
Sun, 01 Mar 2026US$2.1tUS$845.4bUS$43.6b23.2x48.4x2.5x
Tue, 27 Jan 2026US$2.0tUS$853.7bUS$46.3b25.1x42.7x2.3x
Thu, 25 Dec 2025US$1.8tUS$853.0bUS$45.8b23.7x38.4x2.1x
Sat, 22 Nov 2025US$1.6tUS$852.7bUS$45.8b21.9x34.3x1.8x
Mon, 20 Oct 2025US$1.7tUS$835.8bUS$47.1b24x35.6x2x
Wed, 17 Sep 2025US$1.7tUS$838.3bUS$47.2b24.4x35.7x2x
Fri, 15 Aug 2025US$1.6tUS$838.2bUS$47.8b23.3x34.5x2x
Sun, 13 Jul 2025US$1.6tUS$832.9bUS$48.5b23.3x33.3x1.9x
Tue, 10 Jun 2025US$1.6tUS$852.8bUS$48.4b22.4x32.2x1.8x
Thu, 08 May 2025US$1.5tUS$852.6bUS$48.2b20.7x30.9x1.7x
Sat, 05 Apr 2025US$1.5tUS$863.9bUS$54.0b18.2x27.3x1.7x
Mon, 03 Mar 2025US$1.6tUS$868.7bUS$54.4b21.2x29x1.8x
Wed, 29 Jan 2025US$1.6tUS$872.7bUS$48.7b20.8x32.6x1.8x
Fri, 27 Dec 2024US$1.5tUS$876.0bUS$49.8b19.7x30.9x1.8x
Sun, 24 Nov 2024US$1.7tUS$876.0bUS$49.7b21.9x33.8x1.9x
Tue, 22 Oct 2024US$1.7tUS$875.1bUS$50.1b20.8x34.7x2x
Thu, 19 Sep 2024US$1.6tUS$870.7bUS$49.8b22x33x1.9x
Sat, 17 Aug 2024US$1.6tUS$870.8bUS$50.3b19.6x31.8x1.8x
Mon, 15 Jul 2024US$1.6tUS$866.4bUS$50.4b19.8x31.9x1.9x
Wed, 12 Jun 2024US$1.6tUS$871.2bUS$50.2b20.4x31.2x1.8x
Fri, 10 May 2024US$1.6tUS$871.5bUS$50.2b19.6x31.7x1.8x
Sun, 07 Apr 2024US$1.6tUS$880.1bUS$52.3b17.8x31x1.8x
Tue, 05 Mar 2024US$1.5tUS$880.0bUS$52.5b17.8x29x1.7x
Thu, 01 Feb 2024US$1.5tUS$902.8bUS$61.6b17.5x23.9x1.6x
Sat, 30 Dec 2023US$1.5tUS$906.1bUS$63.0b18.2x24x1.7x
Mon, 27 Nov 2023US$1.4tUS$908.1bUS$63.7b16.5x21.9x1.5x
Wed, 25 Oct 2023US$1.2tUS$893.6bUS$63.7b13.1x19.4x1.4x
Fri, 22 Sep 2023US$1.3tUS$889.8bUS$62.9b14.1x20.7x1.5x
Sun, 20 Aug 2023US$1.3tUS$887.3bUS$63.3b14x21.1x1.5x
Tue, 18 Jul 2023US$1.4tUS$936.3bUS$76.9b13.6x18.3x1.5x
Thu, 15 Jun 2023US$1.4tUS$937.0bUS$77.1b12.8x17.5x1.4x
Sat, 13 May 2023US$1.3tUS$934.7bUS$77.3b12.8x16.9x1.4x
Mon, 10 Apr 2023US$1.3tUS$952.5bUS$88.0b12x15.3x1.4x
Price to Earnings Ratio

15.3x


Total Market Cap: US$1.3tTotal Earnings: US$88.0bTotal Revenue: US$952.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Materials Sector Price to Earnings3Y Average 32.1x202420252026
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 44.6x which is higher than its 3-year average PE of 32.1x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 21% 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 Market1.90%
Materials4.91%
Metals and Mining11.05%
Basic Materials2.14%
Chemicals1.35%
Paper and Forestry Products-0.52%
Packaging-0.87%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 44.7x.
    • Analysts are expecting annual earnings growth of 21.4%, 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
NEM NewmontUS$114.0514.8%
+US$15.9b		136.0%PE17.4x
SCCO Southern CopperUS$177.8311.3%
+US$14.9b		112.7%PE33.9x
AEM Agnico Eagle MinesUS$208.5411.2%
+US$10.5b		92.2%PE23.4x
FCX Freeport-McMoRanUS$61.389.9%
+US$8.0b		83.2%PE40.2x
AU AngloGold AshantiUS$101.2218.1%
+US$7.8b		173.8%PE19.4x

Latest News

PKG
US$204.46
Packaging Corporation of America
7D
-3.8%
1Y
8.1%
KNF
US$73.91
Knife River
7D
-15.1%
1Y
-18.5%
PPG
US$103.24
PPG Industries
7D
-2.0%
1Y
-0.7%
CF
US$129.97
CF Industries Holdings
7D
-2.0%
1Y
62.7%
SHW
US$318.00
Sherwin-Williams
7D
-0.5%
1Y
-6.6%
AEM
US$208.54
Agnico Eagle Mines
7D
11.2%
1Y
92.2%

AEM: Exploration Program And Dividend Increases Will Drive Future Senior Gold Repricing

Analysts have trimmed the average price target for Agnico Eagle Mines by $30. This reflects updated metal price forecasts, refreshed company models, and a mix of recent rating changes across the coverage universe.
NEM
US$114.05
Newmont
7D
14.8%
1Y
136.0%
AA
US$71.53
Alcoa
7D
24.2%
1Y
161.7%

AA: Higher Output And Trading Volumes Will Likely Still Fail To Justify Pricing

Analysts now place Alcoa's price target at about $46.37, compared with the prior $38.00. This reflects updated assumptions for revenue growth, profit margin, discount rate, and future P/E levels.
AU
US$101.22
AngloGold Ashanti
7D
18.1%
1Y
173.8%

AU: New Arthur Project And Dividend Stream Will Support Future Upside

Analysts now place AngloGold Ashanti's fair value at $121.86, up from $98. This reflects updated assumptions around revenue growth, profit margins, a slightly adjusted discount rate, and a lower future P/E multiple.
IP
US$34.79
International Paper
7D
-3.8%
1Y
-29.3%

IP: European Containerboard Price Increases Will Support Turnaround Execution

The updated analyst price target for International Paper edges down by $0.40 to $46.47, as analysts balance recent conflicting signals in containerboard pricing with supportive commentary around European price increases and ongoing research coverage across the sector. Analyst Commentary Recent research on International Paper highlights a mixed picture, with bullish analysts pointing to supportive price actions in Europe and ongoing coverage, while more cautious voices focus on near term pricing pressure in U.S. containerboard and execution risks around the company’s transformation efforts.
FCX
US$61.38
Freeport-McMoRan
7D
9.9%
1Y
83.2%
CDE
US$19.09
Coeur Mining
7D
18.1%
1Y
247.7%
SCCO
US$177.83
Southern Copper
7D
11.3%
1Y
112.7%

SCCO: Stretched Valuation Will Face Pressure From Expected Production Declines

Southern Copper's updated fair value estimate has shifted lower to $67.81 from $73.93 as analysts adjust price targets in response to concerns about stretched valuation, softer near term operations, and the implications of richer profit margin and lower P/E assumptions. Analyst Commentary Recent Street research on Southern Copper has tilted more cautious, even as some price targets move higher in absolute terms.
MP
US$49.73
MP Materials
7D
-3.8%
1Y
100.4%

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.
SW
US$39.29
Smurfit Westrock
7D
-2.8%
1Y
-8.0%

SW: Cost Resets And Reliable Dividend Will Support Future Share Price Momentum

Analysts now place Smurfit Westrock's fair value at $59.07, up from $52.82, reflecting updated views on the discount rate, revenue growth, profit margins, and a higher assumed future P/E multiple. What's in the News Smurfit Westrock plans to permanently close one of the paper machines at its La Tuque, Quebec, mill, which has an annual production capacity of 127,000 tons of solid bleached sulfate paperboard, citing ongoing scale and cost challenges (Key Developments).
LIN
US$502.60
Linde
7D
1.4%
1Y
7.6%