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U.S. Market Analysis & Valuation

UpdatedAug 16, 2026
DataAggregated Company Financials
Companies7720
  • 7D0.6%
  • 3M5.2%
  • 1Y20.1%
  • YTD12.2%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 6.9%. Meanwhile, the market is actually up 20% over the past year. As for the next few years, earnings are expected to grow by 17% per annum.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Aug 2026US$77.9tUS$25.1tUS$2.7t19.2x28.6x3.1x
Tue, 14 Jul 2026US$81.1tUS$24.3tUS$2.5t19.2x32.6x3.3x
Thu, 11 Jun 2026US$74.2tUS$24.3tUS$2.5t18.6x30.2x3.1x
Sat, 09 May 2026US$72.3tUS$24.1tUS$2.4t19.1x29.9x3x
Mon, 06 Apr 2026US$69.2tUS$23.7tUS$2.3t18.6x30x2.9x
Wed, 04 Mar 2026US$72.3tUS$23.7tUS$2.3t19.3x31.5x3.1x
Fri, 30 Jan 2026US$73.5tUS$23.4tUS$2.3t19.2x31.9x3.1x
Sun, 28 Dec 2025US$72.7tUS$23.2tUS$2.3t19.2x31.8x3.1x
Tue, 25 Nov 2025US$69.0tUS$23.1tUS$2.3t18.2x30.2x3x
Thu, 23 Oct 2025US$71.0tUS$22.8tUS$2.2t18.9x32.2x3.1x
Sat, 20 Sep 2025US$70.3tUS$22.9tUS$2.2t19.2x32.2x3.1x
Mon, 18 Aug 2025US$67.5tUS$23.0tUS$2.2t18.8x31.3x2.9x
Wed, 16 Jul 2025US$65.5tUS$22.5tUS$2.1t18.4x31.2x2.9x
Fri, 13 Jun 2025US$63.0tUS$22.5tUS$2.1t18x30x2.8x
Sun, 11 May 2025US$59.0tUS$22.4tUS$2.1t17.5x28.2x2.6x
Tue, 08 Apr 2025US$52.6tUS$21.9tUS$2.1t16x25.6x2.4x
Thu, 06 Mar 2025US$60.3tUS$21.9tUS$2.0t17.6x29.6x2.8x
Sat, 01 Feb 2025US$64.2tUS$22.1tUS$2.0t18.6x32x2.9x
Mon, 30 Dec 2024US$62.6tUS$22.0tUS$1.9t18.3x32.4x2.8x
Wed, 27 Nov 2024US$62.9tUS$22.0tUS$1.9t19.6x32.6x2.9x
Fri, 25 Oct 2024US$60.1tUS$21.6tUS$1.9t18.3x32.2x2.8x
Sun, 22 Sep 2024US$59.0tUS$21.5tUS$1.9t18.2x31.7x2.7x
Tue, 20 Aug 2024US$57.4tUS$21.5tUS$1.8t17.9x31.1x2.7x
Thu, 18 Jul 2024US$58.7tUS$21.3tUS$1.8t18.1x31.9x2.8x
Sat, 15 Jun 2024US$56.3tUS$21.3tUS$1.8t16.6x30.6x2.6x
Mon, 13 May 2024US$54.2tUS$21.2tUS$1.8t17.4x29.9x2.6x
Wed, 10 Apr 2024US$54.3tUS$21.1tUS$1.8t17.3x29.4x2.6x
Fri, 08 Mar 2024US$53.7tUS$21.1tUS$1.8t16.5x29.2x2.5x
Sun, 04 Feb 2024US$51.6tUS$21.1tUS$1.8t17x29.2x2.4x
Tue, 02 Jan 2024US$50.3tUS$21.0tUS$1.8t16.9x28.6x2.4x
Thu, 30 Nov 2023US$47.6tUS$21.0tUS$1.8t15.9x27.1x2.3x
Sat, 28 Oct 2023US$43.1tUS$21.0tUS$1.7t14.7x24.8x2.1x
Mon, 25 Sep 2023US$45.5tUS$20.9tUS$1.7t15.4x26.5x2.2x
Wed, 23 Aug 2023US$46.2tUS$20.9tUS$1.7t15.6x27.1x2.2x
Price to Earnings Ratio

27.1x


Total Market Cap: US$46.2tTotal Earnings: US$1.7tTotal Revenue: US$20.9tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 30.2x202420252026
Current Market PE
  • Investors are relatively neutral on the American market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 30.2x.
Past Earnings Growth
  • The earnings for American listed companies have grown 17% per year over the last three years.
  • Revenues for these companies have grown 6.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the U.S. Market?

US Market0.63%
Energy6.92%
Consumer Staples1.39%
Utilities1.36%
Financials1.21%
Healthcare0.82%
Industrials0.58%
Tech0.50%
Telecom0.34%
Real Estate0.10%
Materials-0.63%
Consumer Discretionary-1.86%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 65.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.2%, which is higher than its past year's earnings growth of 17.3% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 17.5x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 23% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Energy sector is expected to see its earnings grow by 6.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
MU Micron TechnologyUS$971.6610.7%
+US$106.3b		703.9%PE21.7xTech
SPCX Space Exploration TechnologiesUS$140.005.2%
+US$90.8b		n/aPS80.1xTelecom
SNDK SandiskUS$1.64k35.4%
+US$63.9b		3,584.6%PE21.4xTech
TSLA TeslaUS$342.274.2%
+US$54.1b		3.5%PE355.2xConsumer Discretionary
AMD Advanced Micro DevicesUS$514.396.4%
+US$50.7b		189.8%PE129.8xTech
See more

Market Insights

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Investing in a theme primarily based on demand could come unstuck. As the European heatwave has shown, adoption can be far more complicated than whether a product is needed, which is exactly the part investors tend to skip.
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SPCX
US$140.00
Space Exploration Technologies
7D
5.2%
1Y
n/a
AVGO
US$392.99
Broadcom
7D
-8.1%
1Y
28.3%
CSCO
US$111.68
Cisco Systems
7D
-8.0%
1Y
68.7%
AMAT
US$507.18
Applied Materials
7D
-5.9%
1Y
213.5%
GOOGL
US$345.90
Alphabet
7D
-2.4%
1Y
69.6%
AAPL
US$305.93
Apple
7D
-2.4%
1Y
32.1%
BRK.A
US$755,570.01
Berkshire Hathaway
7D
-3.1%
1Y
5.3%
AMZN
US$262.65
Amazon.com
7D
-4.3%
1Y
13.7%
Narrative Update • Aug 15

AMZN: AI Cloud Backlog And Heavy Capex Are Expected To Improve Returns

Amazon.com’s fair value estimate has moved modestly higher to $327.00 from $319.69, reflecting analysts’ higher price targets that lean on stronger AI driven AWS profitability, a rising backlog tied to Bedrock and major AI partnerships, and expectations for faster payback on cloud and data center investments. Analyst Commentary Recent research on Amazon.com has been heavily focused on how AI driven demand in Amazon Web Services and rising cloud backlog are feeding into analysts’ valuation work.
MSFT
US$495.40
Microsoft
7D
-0.9%
1Y
-4.8%
STX
US$973.44
Seagate Technology Holdings
7D
19.8%
1Y
530.3%
AMD
US$514.39
Advanced Micro Devices
7D
6.4%
1Y
189.8%
SNDK
US$1,641.11
Sandisk
7D
35.4%
1Y
3,584.6%
NVDA
US$225.16
NVIDIA
7D
0.5%
1Y
24.8%
MU
US$971.66
Micron Technology
7D
10.7%
1Y
703.9%
New Narrative • Aug 13

Micron - The Memory Bottleneck Behind the AI Supercycle

Rating: Buy / cyclical AI infrastructure leader Style: Semiconductor memory supercycle, HBM, data-center infrastructure Core debate: Has AI structurally changed the memory cycle, or is Micron showing peak-cycle earnings that the market should not capitalize too aggressively? Executive View Micron Technology has become one of the most important “ picks and shovels ” companies in the AI buildout.
TSLA
US$342.27
Tesla
7D
4.2%
1Y
3.5%
WDC
US$508.80
Western Digital
7D
17.2%
1Y
577.9%