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U.S. Market Analysis & Valuation

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies7799
  • 7D-1.9%
  • 3M-5.3%
  • 1Y14.9%
  • YTD-5.5%

Over the last 7 days, the market has dropped 1.9%, driven by a decline of 1.7% in the Information Technology sector. As for the longer term, the market has actually risen by 15% in the last year. 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
Sun, 22 Mar 2026US$68.2tUS$23.7tUS$2.3t18.1x29.6x2.9x
Tue, 17 Feb 2026US$71.9tUS$23.6tUS$2.3t19.4x31.4x3.1x
Thu, 15 Jan 2026US$72.9tUS$23.1tUS$2.3t19.4x31.9x3.2x
Sat, 13 Dec 2025US$72.6tUS$23.1tUS$2.3t19.1x31.8x3.1x
Mon, 10 Nov 2025US$70.5tUS$23.1tUS$2.3t18.1x31.1x3.1x
Wed, 08 Oct 2025US$71.3tUS$22.9tUS$2.2t19x32.5x3.1x
Fri, 05 Sep 2025US$67.7tUS$22.9tUS$2.2t19.2x31x3x
Sun, 03 Aug 2025US$65.2tUS$22.7tUS$2.1t18x30.4x2.9x
Tue, 01 Jul 2025US$64.4tUS$22.5tUS$2.1t18.2x30.7x2.9x
Thu, 29 May 2025US$61.7tUS$22.4tUS$2.1t17.8x29.5x2.8x
Sat, 26 Apr 2025US$57.1tUS$22.0tUS$2.1t16.9x27.1x2.6x
Mon, 24 Mar 2025US$59.1tUS$21.9tUS$2.0t17.6x28.8x2.7x
Wed, 19 Feb 2025US$64.5tUS$21.9tUS$2.0t18.6x31.6x3x
Fri, 17 Jan 2025US$62.6tUS$22.1tUS$2.0t18.8x32x2.8x
Sun, 15 Dec 2024US$63.8tUS$22.0tUS$1.9t19.1x33x2.9x
Tue, 12 Nov 2024US$62.6tUS$21.9tUS$1.9t19.3x33.1x2.9x
Thu, 10 Oct 2024US$59.6tUS$21.6tUS$1.9t18.2x32x2.8x
Sat, 07 Sep 2024US$55.7tUS$21.6tUS$1.9t17.5x30x2.6x
Mon, 05 Aug 2024US$55.3tUS$21.5tUS$1.9t17.5x29.6x2.6x
Wed, 03 Jul 2024US$56.6tUS$21.3tUS$1.8t16.7x30.8x2.7x
Fri, 31 May 2024US$54.3tUS$21.3tUS$1.8t17x29.7x2.6x
Sun, 28 Apr 2024US$53.1tUS$21.2tUS$1.8t16.7x28.8x2.5x
Tue, 26 Mar 2024US$54.4tUS$21.1tUS$1.8t16.8x29.5x2.6x
Thu, 22 Feb 2024US$51.9tUS$21.0tUS$1.8t16.3x28.9x2.5x
Sat, 20 Jan 2024US$50.2tUS$21.0tUS$1.7t16.6x28.9x2.4x
Mon, 18 Dec 2023US$49.7tUS$21.0tUS$1.8t16.7x28.3x2.4x
Wed, 15 Nov 2023US$46.0tUS$21.0tUS$1.7t15.9x26.6x2.2x
Fri, 13 Oct 2023US$46.1tUS$21.0tUS$1.7t15.1x26.8x2.2x
Sun, 10 Sep 2023US$46.7tUS$20.9tUS$1.7t15.6x27.2x2.2x
Tue, 08 Aug 2023US$48.1tUS$20.9tUS$1.7t16x28.3x2.3x
Thu, 06 Jul 2023US$47.0tUS$21.0tUS$1.7t15.4x28.3x2.2x
Sat, 03 Jun 2023US$45.3tUS$21.0tUS$1.7t14.8x27.2x2.2x
Mon, 01 May 2023US$43.7tUS$20.7tUS$1.6t14.8x26.8x2.1x
Wed, 29 Mar 2023US$42.1tUS$20.6tUS$1.6t14.6x25.9x2x
Price to Earnings Ratio

25.9x


Total Market Cap: US$42.1tTotal Earnings: US$1.6tTotal Revenue: US$20.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 29.7x202420252026
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 29.7x.
Past Earnings Growth
  • The earnings for American listed companies have grown 12% 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-1.83%
Energy3.01%
Financials0.10%
Telecom-1.65%
Tech-1.68%
Industrials-1.80%
Healthcare-2.32%
Consumer Discretionary-3.02%
Real Estate-3.74%
Consumer Staples-4.37%
Utilities-4.96%
Materials-6.42%
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 15.8%, which is higher than its past year's earnings growth of 9.1% 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 Consumer Discretionary sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 1.7% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 9.0% 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
LRCX Lam ResearchUS$228.367.6%
+US$20.2b		201.1%PE45.9xTech
ARM Arm HoldingsUS$132.3514.3%
+US$17.6b		11.2%PE175.5xTech
XOM Exxon MobilUS$159.672.3%
+US$14.8b		38.2%PE23.1xEnergy
AMD Advanced Micro DevicesUS$201.334.1%
+US$12.9b		89.1%PE76.9xTech
GEV GE VernovaUS$851.075.7%
+US$12.4b		154.9%PE47xIndustrials
See more

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XOM: Geopolitical Supply Tightness And Cash Returns Will Guide Future Performance

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MSFT
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Analysts have lifted the fair value estimate for AMD by about $6 to $289.61. This reflects updated assumptions around higher profit margins, slightly stronger revenue growth, a lower future P/E multiple, and recent Street research highlighting expanded GPU partnerships with Meta, OpenAI, and large customers across data center and AI workloads.
NVDA
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LRCX
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1Y
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The analyst price target for Lam Research has been raised modestly to reflect a slightly higher fair value estimate of about $275, with analysts pointing to a robust wafer fab equipment spending outlook, stronger DRAM and NAND memory investment expectations, and inclusion on preferred idea lists as key supports for the updated view. Analyst Commentary Recent research coverage on Lam Research has been active, with a series of price target revisions and rating changes clustered around a stronger wafer fab equipment spending backdrop, improving expectations for DRAM and NAND investment, and inclusion on preferred idea lists.
AMAT
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KLAC
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KLA
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ARM
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Arm Holdings
7D
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1Y
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