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

U.S. Market Analysis & Valuation

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies7750
  • 7D-1.3%
  • 3M1.5%
  • 1Y8.7%
  • YTD11.5%

Over the last 7 days, the market has dropped 1.3%, driven by a pullback of 4.0% in the Information Technology sector. In contrast to the last week, the market is actually up 8.7% over the past year. 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, 24 Nov 2025US$68.9tUS$23.1tUS$2.3t18.1x30.2x3x
Wed, 22 Oct 2025US$71.1tUS$22.7tUS$2.2t18.9x32.3x3.1x
Fri, 19 Sep 2025US$70.0tUS$22.9tUS$2.2t19.3x32x3.1x
Sun, 17 Aug 2025US$67.5tUS$23.0tUS$2.2t18.8x31.3x2.9x
Tue, 15 Jul 2025US$65.3tUS$22.5tUS$2.1t18.7x31.1x2.9x
Thu, 12 Jun 2025US$63.1tUS$22.5tUS$2.1t18.1x30x2.8x
Sat, 10 May 2025US$59.0tUS$22.4tUS$2.1t17.5x28.2x2.6x
Mon, 07 Apr 2025US$52.5tUS$21.9tUS$2.1t16.1x25.6x2.4x
Wed, 05 Mar 2025US$61.0tUS$21.9tUS$2.0t17.5x29.9x2.8x
Fri, 31 Jan 2025US$63.8tUS$22.1tUS$2.0t18.9x31.9x2.9x
Sun, 29 Dec 2024US$62.6tUS$22.0tUS$1.9t18.3x32.4x2.8x
Tue, 26 Nov 2024US$62.6tUS$22.0tUS$1.9t19.7x32.5x2.8x
Thu, 24 Oct 2024US$60.6tUS$21.6tUS$1.9t18.2x32.5x2.8x
Sat, 21 Sep 2024US$59.2tUS$21.5tUS$1.9t18.2x31.8x2.7x
Mon, 19 Aug 2024US$57.4tUS$21.5tUS$1.8t17.9x31.1x2.7x
Wed, 17 Jul 2024US$58.5tUS$21.3tUS$1.8t18.1x31.7x2.7x
Fri, 14 Jun 2024US$56.3tUS$21.3tUS$1.8t16.8x30.6x2.6x
Sun, 12 May 2024US$54.2tUS$21.2tUS$1.8t17.4x29.9x2.6x
Tue, 09 Apr 2024US$54.2tUS$21.1tUS$1.8t17.4x29.4x2.6x
Thu, 07 Mar 2024US$52.9tUS$21.1tUS$1.8t16.4x28.7x2.5x
Sat, 03 Feb 2024US$51.6tUS$21.1tUS$1.8t17x29.2x2.4x
Mon, 01 Jan 2024US$50.3tUS$21.0tUS$1.8t16.9x28.6x2.4x
Wed, 29 Nov 2023US$47.5tUS$21.1tUS$1.8t15.8x27.1x2.3x
Fri, 27 Oct 2023US$43.4tUS$21.0tUS$1.7t14.8x24.9x2.1x
Sun, 24 Sep 2023US$45.5tUS$20.9tUS$1.7t15.4x26.5x2.2x
Tue, 22 Aug 2023US$45.9tUS$20.9tUS$1.7t15.7x26.9x2.2x
Thu, 20 Jul 2023US$48.5tUS$21.0tUS$1.7t15.8x28.9x2.3x
Sat, 17 Jun 2023US$46.7tUS$21.0tUS$1.7t15.2x28.1x2.2x
Mon, 15 May 2023US$43.2tUS$21.0tUS$1.7t14.4x26x2.1x
Wed, 12 Apr 2023US$43.4tUS$20.6tUS$1.6t15.1x26.8x2.1x
Fri, 10 Mar 2023US$41.8tUS$20.6tUS$1.6t15x25.7x2x
Sun, 05 Feb 2023US$44.5tUS$20.5tUS$1.7t15.5x25.5x2.2x
Tue, 03 Jan 2023US$40.9tUS$20.5tUS$1.8t14.3x22.7x2x
Thu, 01 Dec 2022US$43.5tUS$20.4tUS$1.8t14.8x24.2x2.1x
Price to Earnings Ratio

24.2x


Total Market Cap: US$43.5tTotal Earnings: US$1.8tTotal Revenue: US$20.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 29x202320242025
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 29.0x.
Past Earnings Growth
  • The earnings for American listed companies have grown 8.2% per year over the last three years.
  • Revenues for these companies have grown 4.3% 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-1.31%
Healthcare2.00%
Telecom1.35%
Consumer Staples1.34%
Real Estate0.72%
Materials0.38%
Financials0.17%
Industrials-0.69%
Energy-1.22%
Utilities-1.60%
Consumer Discretionary-3.02%
Tech-3.98%
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 65.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 16.6%, which is higher than its past year's earnings growth of 14.9% 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 Tech sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Utilities sector is expected to see its earnings grow by 9.2% 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
GOOGL AlphabetUS$299.665.1%
+US$176.7b		78.7%PE29.1xTelecom
AAPL AppleUS$271.491.5%
+US$59.5b		16.6%PE35.8xTech
LLY Eli LillyUS$1.06k3.7%
+US$34.0b		40.4%PE51.5xHealthcare
WMT WalmartUS$105.322.3%
+US$18.9b		17.7%PE36.7xConsumer Staples
MRK MerckUS$97.765.3%
+US$12.2b		-3.4%PE12.7xHealthcare
See more

Market Insights

Header cover image
🇬🇧 London’s IPO Drought and the Hunt for the UK’s Real Winners
Richard Bowman avatar
Richard Bowman
|
|
This week, we will unpack the FTSE 100 vs FTSE 250 divide, the industries driving returns, and why the UK is increasingly a stock-picker’s market heading into 2026.
Continue reading
💸 The Return of Share Buybacks in Tech
Last Week

💸 The Return of Share Buybacks in Tech

Latest News

NVDA
US$178.88
NVIDIA
7D
-4.1%
1Y
31.5%
AMZN
US$220.69
Amazon.com
7D
-5.2%
1Y
9.6%
WMT
US$105.32
Walmart
7D
2.3%
1Y
17.7%
PG
US$150.92
Procter & Gamble
7D
3.5%
1Y
-14.9%
LLY
US$1,059.70
Eli Lilly
7D
3.7%
1Y
40.4%
MRK
US$97.76
Merck
7D
5.3%
1Y
-3.4%
AAPL
US$271.49
Apple
7D
1.5%
1Y
16.6%
PLTR
US$154.85
Palantir Technologies
7D
-9.6%
1Y
139.5%
JNJ
US$203.90
Johnson & Johnson
7D
2.2%
1Y
30.9%

JNJ: Upcoming Business Reorganization and Legal Risks Will Influence Future Performance

Johnson & Johnson's analyst price target has increased slightly from $199.56 to $200.82, as analysts cite stronger-than-expected sector performance and a constructive long-term industry outlook, which support the adjustment. Analyst Commentary Recent analyst commentary on Johnson & Johnson highlights a variety of perspectives related to the company's valuation, strategic direction, and future growth potential.
ORCL
US$198.76
Oracle
7D
-9.6%
1Y
5.7%
SHOP
US$147.80
Shopify
7D
5.6%
1Y
33.2%

Resilient performance despite tariff and consumer sentiment pressure

Shopify’s Q3 2025 results (reported 4 Nov 2025) showed revenue growth of ~32% and GMV up ~32% despite the challenging backdrop. The The Conference Board Consumer Confidence Index shows the expectations component at 71.5 (October 2025) which is below the ~80 level typically seen as a signal of recession risk.
MU
US$207.37
Micron Technology
7D
-14.3%
1Y
98.5%
AMD
US$203.78
Advanced Micro Devices
7D
-15.3%
1Y
44.4%

AMD: Major AI Partnerships And Data Center Momentum Will Drive Future Gains

Analysts have raised their fair value estimate for Advanced Micro Devices to approximately $277 per share from $246. This change is driven by stronger revenue growth forecasts and optimism around the company's expanding role in artificial intelligence and data center markets.
MSFT
US$472.12
Microsoft
7D
-7.0%
1Y
12.7%
TSLA
US$391.09
Tesla
7D
-4.4%
1Y
15.5%

TSLA: Mixed Delivery Trends And Execution Risks Will Shape Outlook Amid Leadership Uncertainty

Tesla’s analyst price target has increased modestly to approximately $392.93, up about $1.61. Analysts point to stabilizing delivery volumes and a slightly stronger revenue growth outlook, partially offset by narrower profit margins.
GOOGL
US$299.66
Alphabet
7D
5.1%
1Y
78.7%

GOOGL: Future Profitability Will Be Driven By Expanding AI Monetization And Margin Improvement

Alphabet’s analyst price target has been raised from approximately $305.66 to $318.24, as analysts cite continued strength in AI-driven monetization, broad-based business outperformance, and higher projected margins and growth as key drivers for their increased valuation. Analyst Commentary Analysts have been active in updating their outlook on Alphabet, reflecting both confidence in the company's trajectory and consideration of potential risks.