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

U.S. Market Analysis & Valuation

UpdatedJan 12, 2026
DataAggregated Company Financials
Companies7884
  • 7D1.2%
  • 3M3.8%
  • 1Y19.3%
  • YTD1.9%

Over the last 7 days, the market has risen 1.2%, driven by gains of 4.6% in the Consumer Discretionary sector. The market is up 19% over the last 12 months. Looking forward, earnings are forecast to grow by 16% 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
Mon, 12 Jan 2026US$73.2tUS$23.2tUS$2.3t19.3x32x3.2x
Wed, 10 Dec 2025US$72.0tUS$23.1tUS$2.3t18.8x31.6x3.1x
Fri, 07 Nov 2025US$71.3tUS$23.0tUS$2.3t18x31.4x3.1x
Sun, 05 Oct 2025US$71.0tUS$22.9tUS$2.2t19.3x32.5x3.1x
Tue, 02 Sep 2025US$67.9tUS$22.9tUS$2.2t19.3x31.1x3x
Thu, 31 Jul 2025US$66.6tUS$22.6tUS$2.1t18.2x31.5x2.9x
Sat, 28 Jun 2025US$64.1tUS$22.5tUS$2.1t18.2x30.5x2.8x
Mon, 26 May 2025US$60.5tUS$22.4tUS$2.1t17.7x28.9x2.7x
Wed, 23 Apr 2025US$53.5tUS$21.9tUS$2.1t16.4x25.8x2.4x
Fri, 21 Mar 2025US$59.2tUS$21.9tUS$2.0t17.7x28.9x2.7x
Sun, 16 Feb 2025US$64.5tUS$21.9tUS$2.0t18.5x31.6x3x
Tue, 14 Jan 2025US$61.2tUS$22.0tUS$1.9t18.3x31.8x2.8x
Thu, 12 Dec 2024US$63.7tUS$22.0tUS$1.9t19.3x33x2.9x
Sat, 09 Nov 2024US$62.4tUS$21.9tUS$1.9t19x33x2.9x
Mon, 07 Oct 2024US$59.8tUS$21.5tUS$1.9t18.4x32x2.8x
Wed, 04 Sep 2024US$58.3tUS$21.5tUS$1.9t17.9x31.3x2.7x
Fri, 02 Aug 2024US$57.4tUS$21.4tUS$1.9t17.9x30.7x2.7x
Sun, 30 Jun 2024US$56.5tUS$21.3tUS$1.8t16.8x30.7x2.6x
Tue, 28 May 2024US$55.0tUS$21.3tUS$1.8t17.2x30.1x2.6x
Thu, 25 Apr 2024US$52.8tUS$21.2tUS$1.8t16.7x28.7x2.5x
Sat, 23 Mar 2024US$54.4tUS$21.1tUS$1.8t16.9x29.5x2.6x
Mon, 19 Feb 2024US$52.3tUS$21.0tUS$1.8t16.4x29.1x2.5x
Wed, 17 Jan 2024US$50.1tUS$21.0tUS$1.8t16.5x28.6x2.4x
Fri, 15 Dec 2023US$49.3tUS$21.0tUS$1.8t16.9x28.1x2.3x
Sun, 12 Nov 2023US$45.8tUS$21.0tUS$1.7t15.4x26.5x2.2x
Tue, 10 Oct 2023US$45.6tUS$21.0tUS$1.7t15.2x26.6x2.2x
Thu, 07 Sep 2023US$47.0tUS$20.9tUS$1.7t15.6x27.4x2.2x
Sat, 05 Aug 2023US$47.8tUS$20.9tUS$1.6t16x29.4x2.3x
Mon, 03 Jul 2023US$47.1tUS$21.0tUS$1.7t15.5x28.3x2.2x
Wed, 31 May 2023US$44.4tUS$21.0tUS$1.7t14.5x26.6x2.1x
Fri, 28 Apr 2023US$43.3tUS$20.6tUS$1.6t14.7x26.6x2.1x
Sun, 26 Mar 2023US$40.9tUS$20.4tUS$1.6t13.9x25.8x2x
Tue, 21 Feb 2023US$43.7tUS$20.5tUS$1.7t15.6x26.3x2.1x
Thu, 19 Jan 2023US$42.2tUS$20.5tUS$1.8t14.8x23.7x2.1x
Price to Earnings Ratio

23.7x


Total Market Cap: US$42.2tTotal 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 8.7% 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 Market1.24%
Materials5.07%
Consumer Discretionary4.55%
Consumer Staples2.26%
Industrials2.25%
Healthcare2.17%
Telecom1.32%
Real Estate0.82%
Energy0.24%
Tech0.016%
Financials-0.18%
Utilities-0.45%
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 65.1x.
    • Analysts expect its future annual earnings growth (16.3%) to be largely in line with prior year's earnings growth.
    • The market's confidence could indicate that the market believes that analysts are underestimating future growth.
  • The Energy sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average of 12.8x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 0.4% per year.
  • 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
AMZN Amazon.comUS$247.386.1%
+US$153.1b		13.2%PE34.6xConsumer Discretionary
GOOGL AlphabetUS$328.573.8%
+US$145.2b		72.0%PE31.9xTelecom
MSFT MicrosoftUS$479.281.4%
+US$47.8b		14.9%PE34xTech
MU Micron TechnologyUS$345.0910.6%
+US$37.1b		263.0%PE32.6xTech
INTC IntelUS$45.5515.7%
+US$30.8b		137.2%PE1146.8xTech
See more

Market Insights

Header cover image
Which Markets Will Sink or Swim in 2026? 🌍
Richard Bowman avatar
Richard Bowman
|
|
What research teams agree on – and where they don’t – heading into 2026.
Continue reading
Three Sectors Expected to Rally in 2026 📈
Last Week

Three Sectors Expected to Rally in 2026 📈

Latest News

GEV
US$622.50
GE Vernova
7D
-8.6%
1Y
69.7%

GEV: Future Buybacks And Dividend Moves Will Mask Overvaluation Risk

Analysts have raised their price target on GE Vernova from US$448.08 to US$538.80, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E. They view these updates as better reflecting the company’s potential risk and return profile.
NVDA
US$184.86
NVIDIA
7D
-2.1%
1Y
36.0%

NVDA: AI Infrastructure Order Visibility And China Constraints Will Shape Future Leadership

Analysts trimmed our Nvidia fair value estimate slightly to $171.51 from $175.08, even as they raised revenue growth assumptions and referenced a series of higher Street price targets tied to continued AI data center momentum, Blackwell and Rubin order visibility, and expectations that Nvidia remains a central supplier in large hyperscale and OpenAI related buildouts. Analyst Commentary The recent wave of research on Nvidia has centered on its role in AI data centers, the scale of Blackwell and Rubin demand, and how these themes filter through to earnings expectations and valuations.
META
US$653.06
Meta Platforms
7D
-0.9%
1Y
7.4%

META: AI Infrastructure And Power Expansion Will Support Long-Term Monetization Potential

Analysts have slightly reduced their blended fair value estimate for Meta Platforms to account for a tighter discount rate and expectations of higher AI-related investment, while still highlighting solid revenue growth, profitability, and long-term AI monetization potential in recent price target revisions clustered around US$750 to US$900. Analyst Commentary Recent research on Meta Platforms clusters around high price targets, but the tone is mixed as analysts balance confidence in AI driven growth with concerns about heavier spending and valuation.
LRCX
US$218.36
Lam Research
7D
12.1%
1Y
193.3%

Market Participants Recognise Lam Research Corporation's (NASDAQ:LRCX) Earnings Pushing Shares 30% Higher

Jan 10
Market Participants Recognise Lam Research Corporation's (NASDAQ:LRCX) Earnings Pushing Shares 30% Higher
AAPL
US$259.37
Apple
7D
-4.3%
1Y
9.5%
JPM
US$329.19
JPMorgan Chase
7D
-1.5%
1Y
34.8%
GOOGL
US$328.57
Alphabet
7D
3.8%
1Y
72.0%

Alphabet (GOOGL): When Scale Meets Intelligence at the Infrastructure Level

Alphabet (NASDAQ: GOOGL) is often discussed through familiar lenses: Search dominance, YouTube advertising, or the long-term promise of AI. But that framing can undersell what Alphabet has quietly become.
ANET
US$122.89
Arista Networks
7D
-10.4%
1Y
9.1%

ANET: AI Networking Ecosystem Will Support Future Upside Despite Margin Concerns

Analysts have lifted their fair value estimate for Arista Networks from $130.00 to about $193.28, reflecting updated assumptions around slightly higher discount rates, modestly softer margin expectations, and ongoing AI driven growth potential despite recent debates on valuation and rating changes. Analyst Commentary Recent research highlights a mix of enthusiasm and caution around Arista Networks, with bullish analysts focused on the company’s role in AI networking and more conservative views pointing to valuation and margin pressures.
AMZN
US$247.38
Amazon.com
7D
9.2%
1Y
13.0%

AMZN: AI Infrastructure Deals And Advertising Scale Will Drive Future Upside

Narrative Update on Amazon.com Analysts have inched their blended price expectations for Amazon.com slightly lower, with the modeled fair value moving by about $0.02 to roughly $295.51 as they balance reduced price targets from firms like Cantor Fitzgerald and Wolfe Research against optimism around AI driven AWS deals, advertising growth, and ongoing capital investment in cloud infrastructure. Analyst Commentary Recent research on Amazon.com reflects a mix of enthusiasm around AI driven cloud demand, advertising and retail execution, alongside fresh questions about the returns on heavy capital spending and the sustainability of current valuations.
MSFT
US$479.28
Microsoft
7D
1.4%
1Y
14.9%
HD
US$374.64
Home Depot
7D
8.9%
1Y
-3.7%

HD: Ongoing Investments And Wholesale Expansion Will Support Post Headwind Share Gains

Analysts have trimmed their Home Depot price targets, with cuts such as US$455 to US$430 and US$475 to US$430, reflecting softer near term demand, recent earnings misses, and the expected impact of lower margin wholesale mix. They still see the company well positioned for a future housing recovery and share gains when conditions improve.
INTC
US$45.55
Intel
7D
15.7%
1Y
137.2%
AMD
US$203.17
Advanced Micro Devices
7D
-8.1%
1Y
73.2%

AMD: AI And Rack Scale Execution Will Define The Next Chapter

Analysts have raised their AMD fair value estimate from about $137 to roughly $208. This change reflects higher assumptions for revenue growth and profit margins in AI accelerators and rack scale systems, partly offset by a slightly higher discount rate and more conservative future P/E expectations.
TSLA
US$445.01
Tesla
7D
1.6%
1Y
12.7%

TSLA: AI And Robotics Ambitions Will Reshape Long-Term Equity Story

Analysts have raised their Tesla fair value estimate from $500 to $600. They point to updated assumptions for higher revenue growth, wider profit margins, and a lower future P/E multiple, even as recent research still highlights risks around delivery trends, spending plans, and governance.
MU
US$345.09
Micron Technology
7D
10.6%
1Y
263.0%

MU: AI Memory Supercycle Hype Will Likely Drive Future Multiple Compression

Micron Technology's fair value estimate has been raised from approximately $105.48 to $171.83. Analysts attribute this change to tightening DRAM supply, accelerating high bandwidth memory ramps for AI workloads, and improving margin and earnings visibility despite recent sector volatility.
BABA
US$150.96
Alibaba Group Holding
7D
-3.4%
1Y
87.4%

BABA: Cloud AI Monetization Will Drive Stronger Long-Term Earnings Power

Analysts made a marginal upward revision to their fair value estimate for Alibaba Group Holding to approximately $198 per share, reflecting slightly stronger long term cloud and artificial intelligence monetization prospects that more than offset modestly reduced revenue and profit forecasts tied to quick commerce and customer management headwinds. Analyst Commentary Street research on Alibaba remains broadly constructive, with a series of upward price target revisions anchored in improving cloud and artificial intelligence monetization, partly offset by concerns around near term profitability in quick commerce and customer management revenue.