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U.S. Market Analysis & Valuation

UpdatedJan 21, 2026
DataAggregated Company Financials
Companies7869
  • 7D-2.0%
  • 3M1.2%
  • 1Y11.2%
  • YTD-0.5%

Over the last 7 days, the market has dropped 2.0%, driven by a pullback of 2.9% in the Information Technology sector. In the last year, the market is actually up 11%. As for the next few years, earnings are expected to grow by 16% 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
Wed, 21 Jan 2026US$72.5tUS$23.2tUS$2.3t19.2x31.7x3.1x
Fri, 19 Dec 2025US$70.5tUS$23.2tUS$2.3t19.1x30.8x3x
Sun, 16 Nov 2025US$70.3tUS$23.1tUS$2.3t18.2x31x3x
Tue, 14 Oct 2025US$69.3tUS$22.9tUS$2.2t18.6x31.6x3x
Thu, 11 Sep 2025US$68.7tUS$22.9tUS$2.2t19x31.4x3x
Sat, 09 Aug 2025US$66.6tUS$22.8tUS$2.2t18.6x30.9x2.9x
Mon, 07 Jul 2025US$65.6tUS$22.5tUS$2.1t18.8x31.2x2.9x
Wed, 04 Jun 2025US$61.9tUS$22.5tUS$2.1t17.8x29.5x2.8x
Fri, 02 May 2025US$57.6tUS$21.9tUS$2.1t17.1x27.4x2.6x
Sun, 30 Mar 2025US$58.0tUS$21.9tUS$2.1t17.4x28.3x2.6x
Tue, 25 Feb 2025US$63.1tUS$21.9tUS$2.0t18x30.9x2.9x
Thu, 23 Jan 2025US$63.8tUS$22.1tUS$2.0t19.1x32.5x2.9x
Sat, 21 Dec 2024US$61.6tUS$22.0tUS$1.9t18.3x31.8x2.8x
Mon, 18 Nov 2024US$61.7tUS$22.0tUS$1.9t18.9x32.3x2.8x
Wed, 16 Oct 2024US$60.3tUS$21.6tUS$1.9t18.5x32.4x2.8x
Fri, 13 Sep 2024US$57.2tUS$21.5tUS$1.9t17.7x30.8x2.7x
Sun, 11 Aug 2024US$55.2tUS$21.5tUS$1.8t17.2x29.9x2.6x
Tue, 09 Jul 2024US$57.6tUS$21.3tUS$1.8t16.7x31.4x2.7x
Thu, 06 Jun 2024US$54.6tUS$21.3tUS$1.8t17.1x29.9x2.6x
Sat, 04 May 2024US$53.1tUS$21.2tUS$1.8t17.1x28.8x2.5x
Mon, 01 Apr 2024US$54.8tUS$21.1tUS$1.8t17.5x29.7x2.6x
Wed, 28 Feb 2024US$52.8tUS$21.1tUS$1.8t16.5x28.7x2.5x
Fri, 26 Jan 2024US$50.8tUS$21.0tUS$1.8t16.8x29x2.4x
Sun, 24 Dec 2023US$50.1tUS$21.0tUS$1.8t16.9x28.5x2.4x
Tue, 21 Nov 2023US$47.1tUS$21.0tUS$1.7t15.9x27.1x2.2x
Thu, 19 Oct 2023US$45.2tUS$21.0tUS$1.7t15.1x26.2x2.2x
Sat, 16 Sep 2023US$47.1tUS$20.9tUS$1.7t15.6x27.4x2.2x
Mon, 14 Aug 2023US$47.5tUS$20.9tUS$1.7t16x27.9x2.3x
Wed, 12 Jul 2023US$47.0tUS$21.0tUS$1.7t15.6x28.3x2.2x
Fri, 09 Jun 2023US$45.6tUS$21.0tUS$1.7t15.2x27.3x2.2x
Sun, 07 May 2023US$43.3tUS$21.0tUS$1.6t14.6x26.4x2.1x
Tue, 04 Apr 2023US$43.7tUS$20.6tUS$1.6t15.2x27x2.1x
Thu, 02 Mar 2023US$42.3tUS$20.6tUS$1.6t15.3x26x2.1x
Sat, 28 Jan 2023US$43.8tUS$20.5tUS$1.8t15.1x24.9x2.1x
Price to Earnings Ratio

24.9x


Total Market Cap: US$43.8tTotal Earnings: US$1.8tTotal Revenue: US$20.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 29.4x202420252026
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 at a PE ratio close to its 3-year average PE ratio of 29.4x.
Past Earnings Growth
  • The earnings for American listed companies have grown 9.1% per year over the last three years.
  • Revenues for these companies have grown 4.2% 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 Market-2.00%
Energy1.31%
Consumer Staples1.02%
Real Estate0.82%
Materials0.62%
Utilities-0.093%
Industrials-0.33%
Healthcare-0.76%
Financials-1.57%
Tech-2.90%
Telecom-3.56%
Consumer Discretionary-4.66%
Sector PE
  • Investors favour the Real Estate sector the most for future growth, which is trading close to its 3-year average PE ratio of 49.3x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 10.7%, which is higher than its past year's earnings growth of 5.3% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 17.8x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Consumer Staples sector is expected to see its earnings grow by 10% 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$365.009.5%
+US$35.6b		234.2%PE34.5xTech
AMD Advanced Micro DevicesUS$231.925.0%
+US$17.8b		89.7%PE120.6xTech
XOM Exxon MobilUS$130.463.1%
+US$16.5b		17.0%PE18.4xEnergy
JNJ Johnson & JohnsonUS$218.212.1%
+US$11.0b		47.3%PE20.9xHealthcare
AMAT Applied MaterialsUS$318.234.4%
+US$10.6b		65.0%PE36.1xTech
See more

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AMD
US$231.92
Advanced Micro Devices
7D
5.0%
1Y
89.7%
XOM
US$130.46
Exxon Mobil
7D
3.1%
1Y
17.0%

XOM: Cost Savings And Refining Upgrades Will Support Future Cash Flow

Exxon Mobil's analyst price target has been trimmed by about $0.82 to roughly $130.50, as analysts factor in a more cautious crude outlook, slightly lower profit margins and mixed rating changes, while some still highlight resilient free cash flow and an improved refining setup. Analyst Commentary Recent research on Exxon Mobil reflects a mix of optimism about the company’s cash generation and refining position, alongside caution about crude prices and sector sentiment.
SCCO
US$186.25
Southern Copper
7D
6.8%
1Y
95.6%
COST
US$964.26
Costco Wholesale
7D
2.4%
1Y
1.7%

COST: Value Focus And SNAP Insulation Will Support Steady Future Membership Gains

Analysts have trimmed their Costco Wholesale fair value estimate to about $1,030 from roughly $1,056. They cite slightly more conservative assumptions on revenue growth, profit margins, and future P/E multiples, while also noting relative insulation from SNAP headwinds and potential consumer tailwinds discussed in recent retail sector research.
GOOGL
US$322.00
Alphabet
7D
-4.2%
1Y
62.6%

GOOGL: AI Partnerships Are Expected To Drive Multi Year Re Rating

Analysts have raised their implied fair value for Alphabet from about $291 to around $415 per share. This reflects higher assumed revenue growth, profit margins and a richer future P/E multiple as recent research points to growing confidence in Gemini driven partnerships and Google Cloud.
TSLA
US$419.25
Tesla
7D
-6.3%
1Y
-1.1%

TSLA: Autonomy And Robotaxi Progress Will Reshape Long-Term Equity Story

Analysts have nudged their Tesla price targets higher by aligning models with slightly lower discount rates, marginally firmer revenue growth and profit margin assumptions, and a modestly reduced future P/E multiple. Recent research highlights both upside tied to full self driving and robotaxi potential, as well as ongoing concerns about auto fundamentals and execution risk.
MU
US$365.00
Micron Technology
7D
9.5%
1Y
234.2%

MU: AI Memory Supercycle Hype Will Eventually Meet New DRAM Capacity

Our fair value estimate for Micron Technology has been adjusted higher to US$176.14 from US$171.83, reflecting analysts' higher price targets and rationale around tight DRAM supply, strong AI driven memory demand, and expectations for improved margins and earnings power. Analyst Commentary Recent research has generally pointed to tight DRAM conditions, AI related memory demand, and constrained high bandwidth memory supply as key themes for Micron.
AMAT
US$318.23
Applied Materials
7D
4.4%
1Y
65.0%

AMAT: Rising Wafer Equipment Demand And Services Mix Will Drive Upside

Analysts have lifted their fair value estimate for Applied Materials from about $247 to around $421. This reflects higher assumed revenue growth, stronger profit margins, and a richer future P/E multiple in light of a broad wave of recent price target hikes and upgrades across the Street.
JNJ
US$218.21
Johnson & Johnson
7D
2.1%
1Y
47.3%
ORCL
US$179.92
Oracle
7D
-11.1%
1Y
4.3%
AMZN
US$231.00
Amazon.com
7D
-4.8%
1Y
0.1%
META
US$604.12
Meta Platforms
7D
-4.3%
1Y
-2.0%
LRCX
US$222.41
Lam Research
7D
3.7%
1Y
172.9%
AAPL
US$246.70
Apple
7D
-5.1%
1Y
10.2%
MSFT
US$454.52
Microsoft
7D
-1.1%
1Y
1.9%

Microsoft (MSFT): When AI Becomes the Operating Layer of Work

Microsoft (NASDAQ: MSFT) is no longer just a software company—it’s becoming the operating layer for modern work. Windows, Office, Azure, and now AI-powered copilots form an interconnected ecosystem that spans individual users, enterprises, and governments.
NVDA
US$178.07
NVIDIA
7D
-2.8%
1Y
21.1%