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U.S. Market Analysis & Valuation

UpdatedDec 29, 2025
DataAggregated Company Financials
Companies7845
  • 7D0.6%
  • 3M2.8%
  • 1Y17.0%
  • YTD17.4%

In the last week, the market has been flat. More promisingly, the market is up 17% 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
Tue, 30 Dec 2025US$72.7tUS$23.2tUS$2.3t19.2x31.8x3.1x
Thu, 27 Nov 2025US$70.7tUS$23.1tUS$2.3t18.7x31x3.1x
Sat, 25 Oct 2025US$71.1tUS$22.8tUS$2.3t18.9x31.6x3.1x
Mon, 22 Sep 2025US$70.5tUS$22.9tUS$2.2t19.2x32.3x3.1x
Wed, 20 Aug 2025US$67.5tUS$23.0tUS$2.2t18.8x31.3x2.9x
Fri, 18 Jul 2025US$65.4tUS$22.5tUS$2.1t18.7x31.1x2.9x
Sun, 15 Jun 2025US$62.3tUS$22.5tUS$2.1t17.7x29.7x2.8x
Tue, 13 May 2025US$59.6tUS$22.4tUS$2.1t17.9x28.5x2.7x
Thu, 10 Apr 2025US$51.8tUS$21.9tUS$2.1t16.6x25.2x2.4x
Sat, 08 Mar 2025US$59.9tUS$21.9tUS$2.0t17.6x29.2x2.7x
Mon, 03 Feb 2025US$63.8tUS$22.1tUS$2.0t18.6x31.8x2.9x
Wed, 01 Jan 2025US$62.0tUS$22.0tUS$1.9t18.3x32x2.8x
Fri, 29 Nov 2024US$63.4tUS$22.0tUS$1.9t19.5x32.9x2.9x
Sun, 27 Oct 2024US$60.2tUS$21.7tUS$1.9t18x32.3x2.8x
Tue, 24 Sep 2024US$59.0tUS$21.5tUS$1.9t18.2x31.7x2.7x
Thu, 22 Aug 2024US$57.7tUS$21.5tUS$1.8t17.9x31.3x2.7x
Sat, 20 Jul 2024US$57.5tUS$21.3tUS$1.8t17.7x31.2x2.7x
Mon, 17 Jun 2024US$56.1tUS$21.3tUS$1.8t16.6x30.6x2.6x
Wed, 15 May 2024US$54.2tUS$21.2tUS$1.8t17.5x29.9x2.6x
Fri, 12 Apr 2024US$53.7tUS$21.1tUS$1.8t17x29.1x2.5x
Sun, 10 Mar 2024US$53.4tUS$21.1tUS$1.8t16.5x29x2.5x
Tue, 06 Feb 2024US$51.4tUS$21.0tUS$1.8t16.2x28.9x2.4x
Thu, 04 Jan 2024US$49.4tUS$21.0tUS$1.8t16.8x28.1x2.4x
Sat, 02 Dec 2023US$47.7tUS$21.0tUS$1.8t16.2x27.2x2.3x
Mon, 30 Oct 2023US$43.1tUS$21.0tUS$1.7t14.7x24.9x2.1x
Wed, 27 Sep 2023US$45.0tUS$20.9tUS$1.7t15.3x26.2x2.1x
Fri, 25 Aug 2023US$46.0tUS$20.9tUS$1.7t15.6x26.9x2.2x
Sun, 23 Jul 2023US$48.0tUS$21.0tUS$1.7t15.7x28.7x2.3x
Tue, 20 Jun 2023US$46.7tUS$20.9tUS$1.7t15.2x28.1x2.2x
Thu, 18 May 2023US$44.0tUS$20.9tUS$1.7t14.7x26.5x2.1x
Sat, 15 Apr 2023US$43.6tUS$20.6tUS$1.6t15x26.9x2.1x
Mon, 13 Mar 2023US$41.1tUS$20.6tUS$1.6t14.8x25.2x2x
Wed, 08 Feb 2023US$44.5tUS$20.5tUS$1.7t15.5x26.1x2.2x
Fri, 06 Jan 2023US$40.6tUS$20.5tUS$1.8t14.3x22.6x2x
Price to Earnings Ratio

22.6x


Total Market Cap: US$40.6tTotal Earnings: US$1.8tTotal Revenue: US$20.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 29.3x20242025
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 29.2x.
Past Earnings Growth
  • The earnings for American listed companies have grown 8.4% 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 Market0.61%
Materials1.31%
Tech1.13%
Telecom0.89%
Utilities0.60%
Real Estate0.52%
Healthcare0.30%
Financials0.28%
Consumer Discretionary0.13%
Consumer Staples0.12%
Industrials0.11%
Energy0.11%
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 (17.2%) 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 12.7x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 21% 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 11% 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$190.533.7%
+US$166.2b		38.6%PE46.7xTech
AVGO BroadcomUS$352.133.1%
+US$50.6b		49.5%PE72.2xTech
GOOGL AlphabetUS$313.511.2%
+US$45.0b		63.9%PE30.4xTelecom
AMZN Amazon.comUS$232.521.8%
+US$43.7b		5.1%PE32.5xConsumer Discretionary
AAPL AppleUS$273.400.9%
+US$35.9b		8.4%PE36.1xTech
See more

Market Insights

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Latest News

NVDA
US$190.53
NVIDIA
7D
3.7%
1Y
38.6%

NVDA: AI Infrastructure Supercycle Will Drive Multi-Year Data Center Leadership

Analysts nudged their fair value estimate for Nvidia modestly higher to approximately $253 per share from about $250 per share, citing a wave of post earnings price target hikes that highlight the company's entrenched AI data center leadership and strong multi year demand visibility, despite emerging competition from custom accelerators and TPUs. Analyst Commentary Bullish analysts largely interpret the recent wave of estimate and price target increases as confirmation that Nvidia remains the primary beneficiary of the ongoing AI infrastructure buildout, with multi year visibility supported by a deep order book for Blackwell and Rubin platforms and expanding hyperscaler and sovereign AI commitments. At the same time, there is growing acknowledgment that alternative accelerators, custom ASICs, and TPUs are beginning to carve out share in certain workloads, introducing a more competitive backdrop that could constrain upside to current expectations if Nvidia fails to maintain its performance and ecosystem advantages.
AVGO
US$349.39
Broadcom
7D
2.3%
1Y
48.3%
GOOGL
US$313.51
Alphabet
7D
1.2%
1Y
63.9%
BABA
US$148.49
Alibaba Group Holding
7D
-1.6%
1Y
76.5%

BABA: Cloud AI Monetization Will Drive Stronger Long-Term Earnings Power

Analysts made a marginal upward revision to their fair value estimate for Alibaba Group Holding to approximately $198 per share, reflecting slightly stronger long term cloud and artificial intelligence monetization prospects that more than offset modestly reduced revenue and profit forecasts tied to quick commerce and customer management headwinds. Analyst Commentary Street research on Alibaba remains broadly constructive, with a series of upward price target revisions anchored in improving cloud and artificial intelligence monetization, partly offset by concerns around near term profitability in quick commerce and customer management revenue.
MCD
US$308.53
McDonald's
7D
-2.4%
1Y
6.5%

MCD: Value Strategy And Cost Tailwinds Will Balance Consumer Traffic Risks

Analysts have nudged their price target on McDonald's slightly higher to $331.20. This reflects modest improvements in projected revenue growth and profit margins, even as they remain cautious about the company's value focus amid ongoing pressure on lower income consumers.
WMT
US$111.74
Walmart
7D
-0.8%
1Y
23.4%
NEM
US$99.81
Newmont
7D
-4.8%
1Y
169.8%

NEM: Future Barrick Dealmaking Will Likely Erode Already Stretched Share Pricing

The analyst price target for Newmont has been raised significantly, from approximately $58 to about $78 per share, as analysts factor in higher expected gold prices, improved profitability, and valuation upside relative to peers. Analyst Commentary Recent Street research on Newmont reflects a broadly constructive stance, with multiple firms lifting price targets and upgrading the stock on expectations of stronger gold prices, improving free cash flow, and valuation upside relative to peers.
JPM
US$327.91
JPMorgan Chase
7D
1.5%
1Y
37.0%

JPM: Strong ROTCE And Loan Growth Are Expected To Drive Upside

Analysts have raised their fair value estimate for JPMorgan Chase to $375 from $350. This reflects increased confidence in stronger revenue growth, resilient profitability, and sustained post-earnings momentum that supports higher price targets across the Street.
APP
US$714.23
AppLovin
7D
-2.6%
1Y
113.0%

Subdued Growth No Barrier To AppLovin Corporation (NASDAQ:APP) With Shares Advancing 31%

Dec 19
Subdued Growth No Barrier To AppLovin Corporation (NASDAQ:APP) With Shares Advancing 31%
PLTR
US$188.71
Palantir Technologies
7D
-2.7%
1Y
144.5%
AAPL
US$273.40
Apple
7D
0.9%
1Y
8.4%
MSFT
US$487.71
Microsoft
7D
0.6%
1Y
14.8%

MSFT: Expanded AI Partnerships And Infrastructure Will Drive Durable Cloud Leadership

Analysts have nudged their Microsoft price target slightly higher to approximately $650, reflecting confidence that the company's broadened AI partnerships, resilient Azure growth, and durable margin profile justify modestly stronger long term revenue and earnings assumptions despite rising capex and hyperscaler caution. Analyst Commentary Street research remains broadly constructive on Microsoft, with a cluster of recent notes highlighting the company as a primary beneficiary of accelerating AI adoption, robust cloud demand, and deepened model partnerships, even as a minority of voices urge greater caution around hyperscaler capital intensity and returns.
TSLA
US$459.64
Tesla
7D
-6.0%
1Y
10.1%

TSLA: AI And Autonomy Focus Will Deepen Risks From Weakening Core Demand

Analysts have modestly trimmed their Tesla price target to approximately $391 per share, reflecting slightly higher discount rates and marginally lower long term growth and margin assumptions, even as they continue to see meaningful upside from AI, autonomy and energy storage over time. Analyst Commentary Recent Street research on Tesla reflects a wide dispersion of views, with some firms leaning into the company’s AI and robotics optionality while others remain focused on execution risk in the core auto and capital intensity of the growth agenda.
COST
US$873.35
Costco Wholesale
7D
2.7%
1Y
-5.3%

COST: Membership Model And Traffic Strength Will Support Defensive Upside

Analysts have modestly reduced their fair value estimate for Costco Wholesale to $1,205 from $1,225, reflecting slightly lower growth and margin assumptions and a gradual normalization of the stock's previously elevated valuation multiple following recent Street target trims. Analyst Commentary Bullish analysts acknowledge that near term macro headwinds, including reduced Supplemental Nutrition Assistance Program benefits, are pressuring sector level sales, particularly in staples and grocery categories.
AMZN
US$232.52
Amazon.com
7D
1.8%
1Y
5.1%

AMZN: Expanding AI Cloud Partnerships Will Drive AWS-Led Outperformance Ahead

Analysts nudged their Amazon.com price target slightly higher to approximately $295.53 from about $294.65, citing a modestly lower perceived risk profile and incremental improvements in long term growth and margin assumptions, supported by accelerating AWS momentum, expanding AI partnerships, and resilient retail trends. Analyst Commentary Bullish analysts highlight that the near term setup into the holiday season remains favorable, with Amazon positioned to gain further online share even as overall U.S. e commerce growth moderates.
CRWV
US$74.92
CoreWeave
7D
-11.7%
1Y
n/a