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

U.S. Market Analysis & Valuation

UpdatedMay 16, 2026
DataAggregated Company Financials
Companies7839
  • 7D-0.9%
  • 3M7.8%
  • 1Y24.4%
  • YTD6.8%

Over the last 7 days, the market has remained flat, although notably the Energy sector gained 6.1% in that time. As for the longer term, the market has risen 24% in the past 12 months. 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
Sat, 16 May 2026US$73.3tUS$24.2tUS$2.4t18.4x30.3x3x
Mon, 13 Apr 2026US$71.5tUS$23.7tUS$2.3t19.2x31x3x
Wed, 11 Mar 2026US$71.3tUS$23.7tUS$2.3t18.7x31x3x
Fri, 06 Feb 2026US$72.1tUS$23.5tUS$2.3t19.3x31.2x3.1x
Sun, 04 Jan 2026US$71.9tUS$23.2tUS$2.3t19x31.4x3.1x
Tue, 02 Dec 2025US$71.7tUS$23.1tUS$2.3t18.6x31.5x3.1x
Thu, 30 Oct 2025US$67.7tUS$22.8tUS$2.3t18.5x30.1x3x
Sat, 27 Sep 2025US$69.7tUS$22.9tUS$2.2t19.2x31.9x3x
Mon, 25 Aug 2025US$67.9tUS$23.0tUS$2.2t19.3x31.4x2.9x
Wed, 23 Jul 2025US$65.8tUS$22.5tUS$2.1t18.8x31.2x2.9x
Fri, 20 Jun 2025US$62.5tUS$22.5tUS$2.1t17.7x29.8x2.8x
Sun, 18 May 2025US$62.2tUS$22.4tUS$2.1t18.1x29.7x2.8x
Tue, 15 Apr 2025US$55.4tUS$21.9tUS$2.1t16.4x26.9x2.5x
Thu, 13 Mar 2025US$58.1tUS$21.9tUS$2.1t17.2x28.3x2.6x
Sat, 08 Feb 2025US$64.1tUS$21.8tUS$2.0t18.5x31.4x2.9x
Mon, 06 Jan 2025US$62.5tUS$22.0tUS$1.9t18.4x32.3x2.8x
Wed, 04 Dec 2024US$63.8tUS$22.0tUS$1.9t19.5x33.1x2.9x
Fri, 01 Nov 2024US$59.4tUS$21.8tUS$1.9t18x31.6x2.7x
Sun, 29 Sep 2024US$59.6tUS$21.7tUS$1.9t18.3x31.8x2.7x
Tue, 27 Aug 2024US$58.3tUS$21.5tUS$1.8t18.2x31.6x2.7x
Thu, 25 Jul 2024US$57.8tUS$21.4tUS$1.8t17.7x31.4x2.7x
Sat, 22 Jun 2024US$56.5tUS$21.3tUS$1.8t16.6x30.8x2.7x
Mon, 20 May 2024US$55.2tUS$21.2tUS$1.8t17.5x30.5x2.6x
Wed, 17 Apr 2024US$52.5tUS$21.1tUS$1.8t16.4x28.4x2.5x
Fri, 15 Mar 2024US$53.8tUS$21.1tUS$1.8t16.4x29.2x2.6x
Sun, 11 Feb 2024US$52.3tUS$21.0tUS$1.8t16.3x29.3x2.5x
Tue, 09 Jan 2024US$49.4tUS$21.0tUS$1.8t16.8x28.1x2.3x
Thu, 07 Dec 2023US$47.6tUS$21.0tUS$1.8t16.1x27.2x2.3x
Sat, 04 Nov 2023US$45.6tUS$21.0tUS$1.7t15.4x26.5x2.2x
Mon, 02 Oct 2023US$45.3tUS$21.0tUS$1.7t15.4x26.4x2.2x
Wed, 30 Aug 2023US$47.4tUS$20.9tUS$1.7t15.8x27.6x2.3x
Fri, 28 Jul 2023US$48.4tUS$21.0tUS$1.7t15.9x29x2.3x
Sun, 25 Jun 2023US$45.9tUS$21.0tUS$1.7t14.9x27.6x2.2x
Tue, 23 May 2023US$44.4tUS$21.0tUS$1.7t14.8x26.7x2.1x
Price to Earnings Ratio

26.7x


Total Market Cap: US$44.4tTotal Earnings: US$1.7tTotal Revenue: US$21.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 29.9x202420252026
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 29.9x.
Past Earnings Growth
  • The earnings for American listed companies have grown 13% per year over the last three years.
  • Revenues for these companies have grown 4.8% 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-0.92%
Energy6.05%
Tech0.94%
Consumer Staples-0.14%
Financials-0.87%
Telecom-0.92%
Industrials-1.38%
Utilities-2.19%
Real Estate-2.79%
Consumer Discretionary-3.37%
Materials-3.47%
Healthcare-6.31%
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 65.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 16.7%, which is higher than its past year's earnings growth of 12.4% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 17.7x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Real Estate sector is expected to see its earnings grow by 7.9% 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
NVDA NVIDIAUS$225.324.7%
+US$228.9b		66.4%PE45.5xTech
AAPL AppleUS$300.232.4%
+US$101.5b		42.1%PE36xTech
CSCO Cisco SystemsUS$118.2122.4%
+US$85.5b		85.8%PE39xTech
XOM Exxon MobilUS$157.929.2%
+US$55.3b		46.0%PE25.9xEnergy
MSFT MicrosoftUS$421.921.6%
+US$50.5b		-7.1%PE25xTech
See more

Market Insights

Header cover image
Many analysts thought gold's rally could see it hit $6,000/oz soon, but gold had other plans. But could the pullback be opportunity? We examine today's economy backdrop to see if gold still has what it takes to hit a new record this year.
Continue reading
Robot + AI: is it happening sooner than we thought?

Latest News

CSCO
US$118.21
Cisco Systems
7D
22.4%
1Y
85.8%
AMZN
US$264.14
Amazon.com
7D
-3.1%
1Y
28.5%
INTC
US$108.77
Intel
7D
-12.9%
1Y
402.2%
GOOGL
US$396.78
Alphabet
7D
-1.0%
1Y
138.8%
MSFT
US$421.92
Microsoft
7D
1.6%
1Y
-7.1%
AAPL
US$300.23
Apple
7D
2.4%
1Y
42.1%
Narrative Update • May 15

AAPL: AI Spending And Rising Input Costs Will Pressure Future Margins

Analysts have raised the implied fair value for Apple stock from about $231.03 to roughly $235.23, citing confidence in the company's AI powered ecosystem, higher margin Services mix, resilient cash generation, and earnings compounding potential supported by premium hardware and an expanding product breadth. Analyst Commentary Across recent research, Apple continues to attract a wide range of views, with several firms lifting price targets and highlighting the role of AI, Services and cash generation.
MU
US$724.66
Micron Technology
7D
-3.0%
1Y
639.4%
Narrative Update • May 15

MU: AI Cycle Hype Will Eventually Collide With Memory Supply Expansion

Micron Technology's analyst fair value estimate has shifted higher to $584.62 from $526.48, as analysts factor in a larger AI data center memory opportunity and stronger assumptions around margins and future P/E multiples. Analyst Commentary Street research on Micron has turned increasingly active, with a cluster of higher price targets as analysts adjust models for AI driven memory demand, tighter supply conditions, and potential for higher margins and P/E multiples.
NVDA
US$225.32
NVIDIA
7D
4.7%
1Y
66.4%
LLY
US$1,004.92
Eli Lilly
7D
6.0%
1Y
32.7%
PANW
US$242.83
Palo Alto Networks
7D
16.8%
1Y
25.8%
AMD
US$424.10
Advanced Micro Devices
7D
-6.8%
1Y
262.0%
Narrative Update • May 14

AMD: AI Accelerator Momentum Is Real, But Valuation Now Needs Perfect Execution

AMD remains one of the clearest second-place beneficiaries of the AI infrastructure buildout. Hyperscalers want a credible alternative to Nvidia, and AMD’s data-center CPUs, Instinct accelerators, and broader adaptive-computing portfolio give it a real path to take share as customers diversify suppliers.
PM
US$189.61
Philip Morris International
7D
10.9%
1Y
11.2%
SNDK
US$1,407.61
Sandisk
7D
-9.9%
1Y
3,380.7%
TSLA
US$422.24
Tesla
7D
-1.4%
1Y
20.6%
Narrative Update • May 12

TSLA: Autonomous And AI Platforms Will Drive Long-Term Equity Repricing

Analysts have made only modest tweaks to Tesla's discount rate and growth assumptions, but a sharp reset in expected profit margin and a much higher assumed future P/E now sit behind the updated $600 price target. Analyst Commentary Recent research on Tesla shows a wide range of opinions, but there is a clear group of bullish analysts who see meaningful upside potential tied to execution in autonomy, AI and the core vehicle and energy businesses.
XOM
US$157.92
Exxon Mobil
7D
9.2%
1Y
46.0%
AVGO
US$425.19
Broadcom
7D
-1.1%
1Y
86.0%