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

U.S. Market Analysis & Valuation

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies7895
  • 7D1.8%
  • 3M5.8%
  • 1Y19.4%
  • YTD1.8%

The market is up 1.8% over the last week, with the Consumer Discretionary sector leading the way, up 5.1%. As for the past 12 months, the market is up 19%. 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
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
Sat, 01 Jul 2023US$47.1tUS$21.0tUS$1.7t15.5x28.3x2.2x
Mon, 29 May 2023US$44.4tUS$21.0tUS$1.7t14.6x26.7x2.1x
Wed, 26 Apr 2023US$42.7tUS$20.7tUS$1.6t14.5x26.4x2.1x
Fri, 24 Mar 2023US$40.7tUS$20.4tUS$1.6t13.9x25.7x2x
Sun, 19 Feb 2023US$43.7tUS$20.5tUS$1.7t15.6x26.3x2.1x
Tue, 17 Jan 2023US$42.9tUS$20.5tUS$1.8t15x24x2.1x
Price to Earnings Ratio

24x


Total Market Cap: US$42.9tTotal Earnings: US$1.8tTotal Revenue: US$20.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 29.3x202420252026
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 29.3x.
Past Earnings Growth
  • The earnings for American listed companies have grown 8.5% 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 Market1.82%
Materials6.49%
Consumer Discretionary5.09%
Industrials3.32%
Consumer Staples2.07%
Healthcare2.00%
Telecom1.91%
Energy1.77%
Financials1.67%
Real Estate1.16%
Tech0.15%
Utilities-1.32%
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 (16.2%) 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$247.389.2%
+US$223.2b		13.0%PE34.6xConsumer Discretionary
GOOGL AlphabetUS$328.574.3%
+US$161.9b		71.1%PE31.9xTelecom
MSFT MicrosoftUS$479.281.3%
+US$47.1b		14.4%PE34xTech
LRCX Lam ResearchUS$218.3618.0%
+US$41.8b		192.5%PE47.2xTech
MU Micron TechnologyUS$345.099.4%
+US$33.4b		247.4%PE32.6xTech
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

LRCX
US$218.36
Lam Research
7D
18.0%
1Y
192.5%

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
AVGO
US$344.97
Broadcom
7D
-0.8%
1Y
53.8%
AAPL
US$259.37
Apple
7D
-4.3%
1Y
9.5%
GOOGL
US$328.57
Alphabet
7D
4.3%
1Y
71.1%

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
-8.0%
1Y
7.5%

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.
LLY
US$1,063.56
Eli Lilly
7D
-1.6%
1Y
33.0%
ABBV
US$220.08
AbbVie
7D
-4.0%
1Y
25.6%

ABBV: Future Returns Will Depend On Post-Humira Immunology And Pipeline Execution

Analysts have trimmed their AbbVie fair value estimate by about $0.10 per share to roughly $244.56. This reflects a mix of slightly higher risk assumptions, modestly adjusted revenue and margin expectations, and a more balanced set of views after recent downgrades and price target changes that suggest outperformance is already well reflected in the current share price.
NVDA
US$184.86
NVIDIA
7D
-2.1%
1Y
36.0%
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
1.3%
1Y
14.4%
HD
US$374.64
Home Depot
7D
8.3%
1Y
-3.9%

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
137.9%
AMD
US$203.17
Advanced Micro Devices
7D
-9.1%
1Y
75.1%

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.
GEV
US$622.50
GE Vernova
7D
-8.4%
1Y
69.6%
COST
US$924.88
Costco Wholesale
7D
8.2%
1Y
-1.3%

COST: SNAP Headwinds And Tariff Relief Will Shape Fairly Balanced Outlook

Narrative Update Analysts have adjusted their Costco Wholesale fair value estimate from about $834.56 to $799.51. A higher discount rate and slightly lower assumed profit margin offset stronger modeled revenue growth.
MU
US$345.09
Micron Technology
7D
9.4%
1Y
247.4%

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.