Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Market Analysis & Valuation

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies7784
  • 7D-1.8%
  • 3M13.7%
  • 1Y23.3%
  • YTD7.9%

Over the last 7 days, the market has dropped 1.8%, driven by a decline of 9.4% in the Communication Services sector. In contrast to the last week, the market is actually up 23% over the past year. Looking forward, earnings are forecast to grow by 19% annually.

Trending IndustriesOil and GasGoldBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 23 Jun 2026US$76.1tUS$24.3tUS$2.5t18.7x30.9x3.1x
Thu, 21 May 2026US$71.6tUS$24.2tUS$2.4t18.5x29.6x3x
Sat, 18 Apr 2026US$74.1tUS$23.7tUS$2.3t19.8x32.1x3.1x
Mon, 16 Mar 2026US$69.5tUS$23.7tUS$2.3t18.4x30.3x2.9x
Wed, 11 Feb 2026US$73.1tUS$23.6tUS$2.3t19.5x31.8x3.1x
Fri, 09 Jan 2026US$72.6tUS$23.2tUS$2.3t19.3x31.7x3.1x
Sun, 07 Dec 2025US$72.2tUS$23.1tUS$2.3t18.7x31.7x3.1x
Tue, 04 Nov 2025US$72.1tUS$23.0tUS$2.3t18.2x31.5x3.1x
Thu, 02 Oct 2025US$70.6tUS$22.9tUS$2.2t19.2x32.3x3.1x
Sat, 30 Aug 2025US$68.1tUS$22.9tUS$2.2t19.2x31.3x3x
Mon, 28 Jul 2025US$66.8tUS$22.6tUS$2.1t18.7x31.7x3x
Wed, 25 Jun 2025US$63.7tUS$22.5tUS$2.1t18.1x30.3x2.8x
Fri, 23 May 2025US$60.9tUS$22.4tUS$2.1t17.8x29.1x2.7x
Sun, 20 Apr 2025US$54.8tUS$21.9tUS$2.1t16.3x26.4x2.5x
Tue, 18 Mar 2025US$58.7tUS$21.9tUS$2.0t17.6x28.7x2.7x
Thu, 13 Feb 2025US$63.8tUS$21.8tUS$2.0t18.3x31.3x2.9x
Sat, 11 Jan 2025US$62.2tUS$22.0tUS$1.9t18.2x32.1x2.8x
Mon, 09 Dec 2024US$64.4tUS$22.0tUS$1.9t19.3x33.3x2.9x
Wed, 06 Nov 2024US$59.4tUS$21.8tUS$1.9t18.3x31.4x2.7x
Fri, 04 Oct 2024US$59.3tUS$21.5tUS$1.9t18.2x31.8x2.8x
Sun, 01 Sep 2024US$58.3tUS$21.5tUS$1.9t18.2x31.3x2.7x
Tue, 30 Jul 2024US$56.9tUS$21.4tUS$1.9t18x30.7x2.7x
Thu, 27 Jun 2024US$56.5tUS$21.3tUS$1.8t16.6x30.8x2.7x
Sat, 25 May 2024US$54.6tUS$21.3tUS$1.8t17.2x29.9x2.6x
Mon, 22 Apr 2024US$51.6tUS$21.1tUS$1.8t16.5x27.9x2.4x
Wed, 20 Mar 2024US$53.8tUS$21.1tUS$1.8t16.5x29.2x2.6x
Fri, 16 Feb 2024US$52.2tUS$21.0tUS$1.8t16.6x29.1x2.5x
Sun, 14 Jan 2024US$50.1tUS$21.0tUS$1.8t16.7x28.5x2.4x
Tue, 12 Dec 2023US$48.4tUS$21.0tUS$1.8t16.4x27.6x2.3x
Thu, 09 Nov 2023US$45.8tUS$21.0tUS$1.7t15.3x26.6x2.2x
Sat, 07 Oct 2023US$45.4tUS$21.0tUS$1.7t15.1x26.4x2.2x
Mon, 04 Sep 2023US$47.6tUS$20.9tUS$1.7t15.9x27.8x2.3x
Wed, 02 Aug 2023US$48.6tUS$20.9tUS$1.6t15.9x29.6x2.3x
Fri, 30 Jun 2023US$46.5tUS$21.0tUS$1.7t15.4x28x2.2x
Price to Earnings Ratio

28x


Total Market Cap: US$46.5tTotal Earnings: US$1.7tTotal Revenue: US$21.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 30.1x202420252026
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 30.1x.
Past Earnings Growth
  • The earnings for American listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 5.0% 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-1.82%
Industrials1.73%
Financials0.50%
Utilities0.45%
Tech-0.54%
Healthcare-1.04%
Real Estate-1.42%
Energy-1.68%
Materials-1.85%
Consumer Discretionary-2.91%
Consumer Staples-2.93%
Telecom-9.36%
Sector PE
  • Investors favour the Healthcare sector the most for future growth even though it's trading below its 3-year average PE ratio of 65.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.2%, which is higher than its past year's earnings growth of 13.3% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 17.6x.
Forecasted Growth
  • Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 2.7% per year.
  • In contrast, the Real Estate sector is expected to see its earnings grow by 8.2% 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$1.21k11.3%
+US$139.2b		892.3%PE56.7xTech
INTC IntelUS$140.9410.2%
+US$65.7b		565.1%PS13.2xTech
AMAT Applied MaterialsUS$640.189.3%
+US$43.2b		272.3%PE59.7xTech
CAT CaterpillarUS$1.02k9.5%
+US$40.7b		179.1%PE49.9xIndustrials
GEV GE VernovaUS$1.13k15.2%
+US$39.9b		125.6%PE32.3xIndustrials
See more

Market Insights

Header cover image
Every trend sets off ripples. The further out you think, the less crowded it gets.
Continue reading
The gravity of the SpaceX IPO

Latest News

WDC
US$732.62
Western Digital
7D
12.1%
1Y
1,113.3%
Seeking Alpha • 1h

Western Digital Corp: The Next Micron

Summary Western Digital is now a pure-play HDD leader, benefiting from AI-driven hyperscaler demand and long-term supply contracts, and I expect this will push shares higher. WDC's 3Q saw revenue up 45% year over year, gross margin at 50.5%, and free cash flow of $978 million. Contracted demand visibility through 2029, 90% cloud revenue, and firm purchase orders support durable earnings and margin expansion. I'm maintaining the stock with a buy and see potential for long-term upside, but I would recommend adding on pullbacks due to current valuation stretch and overbought technicals. Read the full article on Seeking Alpha
MU
US$1,211.38
Micron Technology
7D
11.3%
1Y
892.3%
PLTR
US$119.50
Palantir Technologies
7D
-11.3%
1Y
-14.6%
SPCX
US$154.60
Space Exploration Technologies
7D
-19.7%
1Y
n/a
AMZN
US$232.79
Amazon.com
7D
-5.4%
1Y
11.7%
Seeking Alpha • 20h

Amazon: Prepare For Major Re-Rating With Consensus Way Off

Summary Amazon is positioned for a knockout Q2, with consensus estimates far too conservative across revenue and earnings. AWS's model-agnostic strategy, robust customer base, and in-house chips drive accelerating growth and margin expansion, supporting the 'Cloud For The Masses' thesis. Retail and advertising segments are both gaining share and growing at accelerated rates, poised for sustained outperformance. I reiterate a "Strong Buy" rating with a $300 price target, forecasting over 22% upside by year-end and room for multiple expansion. Read the full article on Seeking Alpha
LRCX
US$409.54
Lam Research
7D
5.3%
1Y
347.0%
Seeking Alpha • 23h

Lam Research: A Strong Buy Built On Memory, Packaging And AI Complexity

Summary I'm rating Lam Research a Strong Buy with a $497 price target, implying 28% upside from $389. My growth drivers are AI-driven WFE and SAM expansion, NAND conversion spending, DRAM and HBM-related deposition intensity, advanced packaging growth, and CSBG services. Together, I estimate these growth drivers can add about $1.11 of incremental EPS and drive the forward non-GAAP EPS to $7.26. I arrive at my price target by applying a FWD non-GAAP P/E multiple of 68.49x to my FWD non-GAAP EPS of $7.26. The main risks are WFE cyclicality, memory spending delays, China/export control exposure, and valuation compression. Even with the risks, I believe LRCX has enough growth engines to keep earnings moving higher, and that is why I believe the premium valuation is justified. Read the full article on Seeking Alpha
MSFT
US$367.34
Microsoft
7D
-8.1%
1Y
-24.4%
META
US$563.85
Meta Platforms
7D
-5.0%
1Y
-19.3%
Narrative Update • Jun 22

META: Heavy AI Buildout And Subscriptions Will Drive Long Term Upside

Analysts have nudged their price target on Meta Platforms modestly higher, reflecting a fair value estimate moving by about $6 to roughly $695. This outlook is supported by expectations for stronger revenue growth tied to AI infrastructure partnerships and emerging subscription opportunities, even as projected profit margins soften slightly and future P/E assumptions edge lower.
JPM
US$331.48
JPMorgan Chase
7D
3.8%
1Y
19.1%
GEV
US$1,127.59
GE Vernova
7D
15.2%
1Y
125.6%
Narrative Update • Jun 22

GEV: AI Data Center Demand And Backlog Strength Will Support Balanced Returns

Analysts have raised their price target on GE Vernova to $1,211.72 from $861.62, citing updated assumptions that include adjusted discount rates, revenue growth, profit margin expectations, and a revised future P/E multiple. What’s in the News for GE Vernova GE Vernova reported Q1 2026 revenue of US$9.34b and earnings per share of US$1.98, with a 71% year over year rise in orders, a US$13b increase in backlog to US$163b, and raised 2026 revenue guidance to about US$44.5b to US$45.5b, supported by AI driven data center demand and stronger power and electrification segments.
CAT
US$1,022.28
Caterpillar
7D
9.5%
1Y
179.1%
INTC
US$140.94
Intel
7D
10.2%
1Y
565.1%
AMAT
US$640.18
Applied Materials
7D
9.3%
1Y
272.3%
ORCL
US$175.07
Oracle
7D
-9.1%
1Y
-15.4%
New Narrative • Jun 20

Oracle - A Fundamental and Historical Valuation

Business Overview Key Metrics Total: 1.5/17 +2 ✅✅ Projected Operating Margin: 37.59% +2 ✅✅ Projected 5-Year Revenue CAGR: 30.67% +0 ⚠️ Last 5-Year ROIC: 9.00% -2 ❌❌ Estimated Cost of Capital: 12.00% (greater than ROIC) +0 ⚠️ Last 5-Year Shares Outstanding CAGR: +0.00% +2 ✅✅ Projected 5-Year EPS CAGR: 26.79% +0 ⚠️ Projected 5-Year Dividend CAGR: 4.92% +0.5 ✅ Moody's Debt Rating: Baa2 -1 ❌ Morningstar Moat: Narrow -2 ❌❌ Morningstar Uncertainty: Very High Business Valuation To calculate the intrinsic value of the company I'll use multiple methods: Discounted Cash Flows (DCF) - Intrinsic value is estimated by projecting its free cash flows over the next 10 years and discounting them to present value using the estimated cost of capital ; EPS Growth - the fair value is estimated by projecting the Earnings Per Share CAGR for the next 5 Years and then, given its current and historic values of PE, come up with a PE for the 5th Year. This will give us its price 5 Years from now using the formula: Price = EPS x PE that we then discount using the estimated cost of capital; Historical P/S - we assume mean reversion to the historical P/S values; Historical EV/EBITDA - we assume mean reversion to the historical EV/EBITDA values; Historical P/E - we assume mean reversion to the historical P/E values.
GOOGL
US$349.68
Alphabet
7D
-6.3%
1Y
109.7%
NVDA
US$208.65
NVIDIA
7D
-1.8%
1Y
44.7%
Seeking Alpha • Jun 17

Nvidia Won't Be This Cheap Forever

Summary Nvidia Corporation remains a Strong Buy, with accelerating growth, expanding margins, and a valuation still at a discount to sector peers. Q1 revenue surged 85% YoY to $81.6B, driven by 92% YoY data center growth and strong AI infrastructure demand. Profitability is robust: gross margin expanded 14.2 points, EPS grew 131%, and FCFs were up 86%. NVDA's Q2 guidance implies 95% YoY revenue growth and further gross margin expansion, while risks include China market loss and U.S. energy infrastructure constraints. Read the full article on Seeking Alpha