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U.S. Market Analysis & Valuation

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies7767
  • 7D-1.0%
  • 3M2.3%
  • 1Y14.7%
  • YTD5.9%

Over the last 7 days, the market has dropped 1.0%, driven by declines in the Communication Services and Consumer Discretionary sectors of 6.3% and 6.6%, respectively. In the last year, the market is actually up 15%. 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
Mon, 27 Jul 2026US$73.9tUS$24.4tUS$2.6t19x28.4x3x
Wed, 24 Jun 2026US$80.4tUS$24.3tUS$2.5t18.8x32.7x3.3x
Fri, 22 May 2026US$72.5tUS$24.2tUS$2.5t18.6x29.5x3x
Sun, 19 Apr 2026US$75.1tUS$23.7tUS$2.3t19.8x32.5x3.2x
Tue, 17 Mar 2026US$69.5tUS$23.7tUS$2.3t18.4x30.3x2.9x
Thu, 12 Feb 2026US$73.0tUS$23.6tUS$2.3t19.4x31.9x3.1x
Sat, 10 Jan 2026US$72.8tUS$23.2tUS$2.3t19.3x31.8x3.1x
Mon, 08 Dec 2025US$72.2tUS$23.1tUS$2.3t18.7x31.7x3.1x
Wed, 05 Nov 2025US$66.8tUS$23.0tUS$2.3t18.1x29.2x2.9x
Fri, 03 Oct 2025US$70.9tUS$22.9tUS$2.2t19.2x32.4x3.1x
Sun, 31 Aug 2025US$67.9tUS$22.9tUS$2.2t19.3x31.1x3x
Tue, 29 Jul 2025US$66.9tUS$22.6tUS$2.1t18.6x31.7x3x
Thu, 26 Jun 2025US$63.6tUS$22.5tUS$2.1t18x30.3x2.8x
Sat, 24 May 2025US$60.9tUS$22.4tUS$2.1t17.7x29.1x2.7x
Mon, 21 Apr 2025US$54.7tUS$21.9tUS$2.1t16.3x26.4x2.5x
Wed, 19 Mar 2025US$59.1tUS$21.9tUS$2.0t17.5x28.9x2.7x
Fri, 14 Feb 2025US$63.7tUS$21.8tUS$2.0t18.6x31.2x2.9x
Sun, 12 Jan 2025US$61.2tUS$21.9tUS$1.9t18.1x31.8x2.8x
Tue, 10 Dec 2024US$64.4tUS$22.0tUS$1.9t19.4x33.3x2.9x
Thu, 07 Nov 2024US$60.2tUS$21.8tUS$1.9t19x31.8x2.8x
Sat, 05 Oct 2024US$59.3tUS$21.5tUS$1.9t18.4x31.8x2.8x
Mon, 02 Sep 2024US$58.3tUS$21.5tUS$1.9t18.2x31.3x2.7x
Wed, 31 Jul 2024US$56.8tUS$21.4tUS$1.9t18.1x30.7x2.7x
Fri, 28 Jun 2024US$56.6tUS$21.3tUS$1.8t16.6x30.8x2.7x
Sun, 26 May 2024US$55.0tUS$21.3tUS$1.8t17.2x30.1x2.6x
Tue, 23 Apr 2024US$51.6tUS$21.1tUS$1.8t16.5x27.9x2.4x
Thu, 21 Mar 2024US$53.8tUS$21.1tUS$1.8t16.8x29.2x2.6x
Sat, 17 Feb 2024US$52.5tUS$21.0tUS$1.8t16.4x29.2x2.5x
Mon, 15 Jan 2024US$50.1tUS$21.0tUS$1.8t16.6x28.5x2.4x
Wed, 13 Dec 2023US$48.6tUS$21.0tUS$1.8t16.4x27.7x2.3x
Fri, 10 Nov 2023US$45.8tUS$21.0tUS$1.7t15.2x26.5x2.2x
Sun, 08 Oct 2023US$45.4tUS$21.0tUS$1.7t15.1x26.4x2.2x
Tue, 05 Sep 2023US$47.6tUS$20.9tUS$1.7t15.9x27.8x2.3x
Thu, 03 Aug 2023US$47.8tUS$20.9tUS$1.6t15.7x29.4x2.3x
Price to Earnings Ratio

29.4x


Total Market Cap: US$47.8tTotal Earnings: US$1.6tTotal Revenue: US$20.9tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 30.2x202420252026
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 30.2x.
Past Earnings Growth
  • The earnings for American listed companies have grown 17% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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-1.05%
Energy3.31%
Utilities2.21%
Materials1.77%
Industrials1.38%
Real Estate0.76%
Healthcare0.30%
Tech0.063%
Financials-0.029%
Consumer Staples-1.74%
Telecom-6.27%
Consumer Discretionary-6.57%
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 18.2%, which is higher than its past year's earnings growth of 14.0% 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 22% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 8.1% 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
AAPL AppleUS$333.022.0%
+US$94.4b		55.6%PE39.9xTech
NVDA NVIDIAUS$206.841.8%
+US$86.2b		17.0%PE31.4xTech
MU Micron TechnologyUS$920.956.4%
+US$62.7b		727.8%PE20.6xTech
LLY Eli LillyUS$1.20k4.3%
+US$43.8b		48.0%PE42.2xHealthcare
JPM JPMorgan ChaseUS$353.214.2%
+US$38.1b		18.4%PB2.7xFinancials
See more

Market Insights

Header cover image
Healthcare just hit its lowest market weight since 1994. But dig deeper into the sector, and the collapse starts to look like a costume in some ways.
Continue reading
A brand’s strength doesn’t always last

Latest News

MU
US$920.95
Micron Technology
7D
8.5%
1Y
727.7%
GOOGL
US$319.74
Alphabet
7D
-7.8%
1Y
65.5%
AVGO
US$381.92
Broadcom
7D
3.0%
1Y
31.6%
NVDA
US$206.84
NVIDIA
7D
2.0%
1Y
19.2%
AMZN
US$232.11
Amazon.com
7D
-6.1%
1Y
0.3%
AMD
US$521.95
Advanced Micro Devices
7D
5.3%
1Y
213.5%
META
US$595.19
Meta Platforms
7D
-7.9%
1Y
-16.5%
RTX
US$212.79
RTX
7D
10.0%
1Y
35.6%
Narrative Update • Jul 24

RTX: Backlog Execution And Defense Demand Will Shape Balanced Future Prospects

RTX’s analyst price target has increased to $226.82 from $215.73, as analysts highlight strong Q2 execution, raised multi-year guidance, and support from a $289b backlog with broad-based segment strength. Analyst Commentary Recent research on RTX highlights a mix of optimism around execution and growth, and some caution around valuation and potential headwinds, giving investors a more rounded view of the stock’s risk and reward profile.
XOM
US$156.94
ExxonMobil Holdings
7D
6.5%
1Y
42.2%
SPCX
US$115.07
Space Exploration Technologies
7D
-7.2%
1Y
n/a
TSLA
US$313.03
Tesla
7D
-17.8%
1Y
-1.0%
Seeking Alpha • Jul 24

Tesla Q2 2026: Shift Away From EVs Punishes Stock Valuation

Summary Tesla, Inc. reported Q2 FY2026 earnings that triggered a 14.7% stock drop, reflecting investor skepticism over its strategic pivot. TSLA is shifting from a carmaker to an AI conglomerate, with 2026 capex set to exceed $25 billion and negative free cash flow emerging. Automotive revenues rose 8% but were driven by price cuts and incentives, compressing gross margins to 16.3% and signaling core business pressure. The market is demanding near-term AI returns, but TSLA’s heavy investment and delayed payoff risk further valuation discounting in the coming quarters. Read the full article on Seeking Alpha
DELL
US$437.50
Dell Technologies
7D
10.4%
1Y
233.4%
Narrative Update • Jul 24

DELL: AI Server Frenzy Will Eventually Meet Tight Memory Supply Ceiling

The analyst price target for Dell Technologies has been raised from $321.69 to $381.72. Analysts cite stronger modeled revenue growth, higher profit margins, and tighter AI server supply as key factors supporting the higher valuation and slightly lower discount rate assumptions.
ORCL
US$114.99
Oracle
7D
-9.0%
1Y
-53.1%
MSFT
US$381.70
Microsoft
7D
-3.1%
1Y
-25.7%
WMT
US$109.47
Walmart
7D
-4.2%
1Y
12.3%
JPM
US$353.21
JPMorgan Chase
7D
3.6%
1Y
18.3%
Seeking Alpha • Jul 19

JPMorgan: Deep Value Despite Premium P/B (Rating Upgrade)

Summary J.P. Morgan Chase delivered record Q2 results, beating top and bottom line estimates with strong loan and deposit growth. JPM achieved 10% year-over-year net interest income growth, driven by a $1.5 trillion average loan base and a favorable rate environment. Book value per share reached a new record of $133.01, up 9% year-over-year, supporting JPM's premium valuation versus peers. JPM remains a safe haven, well-positioned to benefit from slow Fed rate cuts and ongoing U.S. financial sector growth. Read the full article on Seeking Alpha