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U.S. Market Analysis & Valuation

UpdatedSep 18, 2026
DataAggregated Company Financials
Companies7814
  • 7D0.5%
  • 3M0.3%
  • 1Y12.0%
  • YTD9.4%

The Communication Services sector gained 3.4% while the market remained flat over the last week. Meanwhile, the market is actually up 12% over the past year. Looking forward, earnings are forecast to grow by 17% 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
Fri, 18 Sep 2026US$75.6tUS$25.2tUS$2.8t18.3x27.2x3x
Sun, 16 Aug 2026US$77.9tUS$25.1tUS$2.7t19.2x28.6x3.1x
Tue, 14 Jul 2026US$81.1tUS$24.3tUS$2.5t19.2x32.6x3.3x
Thu, 11 Jun 2026US$74.2tUS$24.3tUS$2.5t18.6x30.2x3.1x
Sat, 09 May 2026US$72.3tUS$24.1tUS$2.4t19.1x29.9x3x
Mon, 06 Apr 2026US$69.2tUS$23.7tUS$2.3t18.6x30x2.9x
Wed, 04 Mar 2026US$72.3tUS$23.7tUS$2.3t19.3x31.5x3.1x
Fri, 30 Jan 2026US$73.5tUS$23.4tUS$2.3t19.2x31.9x3.1x
Sun, 28 Dec 2025US$72.7tUS$23.2tUS$2.3t19.2x31.8x3.1x
Tue, 25 Nov 2025US$69.0tUS$23.1tUS$2.3t18.2x30.2x3x
Thu, 23 Oct 2025US$71.0tUS$22.8tUS$2.2t18.9x32.2x3.1x
Sat, 20 Sep 2025US$70.3tUS$22.9tUS$2.2t19.2x32.2x3.1x
Mon, 18 Aug 2025US$67.5tUS$23.0tUS$2.2t18.8x31.3x2.9x
Wed, 16 Jul 2025US$65.5tUS$22.5tUS$2.1t18.4x31.2x2.9x
Fri, 13 Jun 2025US$63.0tUS$22.5tUS$2.1t18x30x2.8x
Sun, 11 May 2025US$59.0tUS$22.4tUS$2.1t17.5x28.2x2.6x
Tue, 08 Apr 2025US$52.6tUS$21.9tUS$2.1t16x25.6x2.4x
Thu, 06 Mar 2025US$60.3tUS$21.9tUS$2.0t17.6x29.6x2.8x
Sat, 01 Feb 2025US$64.2tUS$22.1tUS$2.0t18.6x32x2.9x
Mon, 30 Dec 2024US$62.6tUS$22.0tUS$1.9t18.3x32.4x2.8x
Wed, 27 Nov 2024US$62.9tUS$22.0tUS$1.9t19.6x32.6x2.9x
Fri, 25 Oct 2024US$60.1tUS$21.6tUS$1.9t18.3x32.2x2.8x
Sun, 22 Sep 2024US$59.0tUS$21.5tUS$1.9t18.2x31.7x2.7x
Tue, 20 Aug 2024US$57.4tUS$21.5tUS$1.8t17.9x31.1x2.7x
Thu, 18 Jul 2024US$58.7tUS$21.3tUS$1.8t18.1x31.9x2.8x
Sat, 15 Jun 2024US$56.3tUS$21.3tUS$1.8t16.6x30.6x2.6x
Mon, 13 May 2024US$54.2tUS$21.2tUS$1.8t17.4x29.9x2.6x
Wed, 10 Apr 2024US$54.3tUS$21.1tUS$1.8t17.3x29.4x2.6x
Fri, 08 Mar 2024US$53.7tUS$21.1tUS$1.8t16.5x29.2x2.5x
Sun, 04 Feb 2024US$51.6tUS$21.1tUS$1.8t17x29.2x2.4x
Tue, 02 Jan 2024US$50.3tUS$21.0tUS$1.8t16.9x28.6x2.4x
Thu, 30 Nov 2023US$47.6tUS$21.0tUS$1.8t15.9x27.1x2.3x
Sat, 28 Oct 2023US$43.1tUS$21.0tUS$1.7t14.7x24.8x2.1x
Mon, 25 Sep 2023US$45.5tUS$20.9tUS$1.7t15.4x26.5x2.2x
Price to Earnings Ratio

26.5x


Total Market Cap: US$45.5tTotal Earnings: US$1.7tTotal 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 6.3% 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 Market0.54%
Telecom3.41%
Healthcare1.74%
Tech1.22%
Consumer Staples0.39%
Materials-0.32%
Consumer Discretionary-0.42%
Real Estate-0.63%
Industrials-0.71%
Energy-1.26%
Financials-1.79%
Utilities-1.94%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading close to its 3-year average PE ratio of 65.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.6%, which is higher than its past year's earnings growth of 18.0% 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 23% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Energy sector is expected to see its earnings grow by 5.5% 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$347.334.4%
+US$180.1b		37.8%PE17.4xTelecom
AAPL AppleUS$337.003.2%
+US$152.2b		41.7%PE38.1xTech
META Meta PlatformsUS$682.315.9%
+US$96.6b		-12.6%PE25.5xTelecom
SPCX Space Exploration TechnologiesUS$154.814.5%
+US$90.0b		n/aPS91.2xTelecom
AMD Advanced Micro DevicesUS$545.098.2%
+US$67.7b		245.2%PE137.6xTech
See more

Market Insights

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Latest News

GOOGL
US$347.33
Alphabet
7D
4.4%
1Y
37.8%
AAPL
US$337.00
Apple
7D
3.2%
1Y
41.7%
BAC
US$58.18
Bank of America
7D
-7.0%
1Y
11.6%
META
US$682.31
Meta Platforms
7D
5.9%
1Y
-12.6%
AMD
US$545.09
Advanced Micro Devices
7D
8.2%
1Y
245.2%
Seeking Alpha • 20h

AMD Stock: Growth Is Catching Up With The Valuation

Summary Advanced Micro Devices, Inc. delivered a robust Q2 FY26, with over 100% YoY growth in data center revenue and strong margin expansion. Data Center revenue, now 58% of total, should remain a key topline growth engine through the rest of FY26 with rapid AI accelerator adoption, notably the MI450/Helios platform. Increasing contribution of high-margin data center revenue should meaningfully benefit overall profitability over the coming quarters. Despite premium valuation, AMD's accelerating earnings and upward estimate revisions justify maintaining a Buy rating. Read the full article on Seeking Alpha
STX
US$803.13
Seagate Technology Holdings
7D
-6.9%
1Y
270.7%
SPCX
US$154.81
Space Exploration Technologies
7D
4.5%
1Y
n/a
Narrative Update • Sep 17

SPCX: Fair Value View Balances Orbital AI Ambitions And Starship Execution Risks

Analysts have lifted their fair value estimate for Space Exploration Technologies to $140 from $117, reflecting updated assumptions for higher revenue growth, lower profit margins, and a richer future P/E multiple supported by a broad range of Street research on Starship, Starlink, and AI infrastructure. Analyst Commentary Street research on Space Exploration Technologies shows a wide split in opinion.
CRWD
US$245.70
CrowdStrike Holdings
7D
17.6%
1Y
95.5%
Narrative Update • Sep 17

CRWD: Frontier AI Security Demand Will Support Long Duration ARR Upside

CrowdStrike Holdings' analyst fair value estimate has been adjusted from $256.00 to about $295.41. This reflects analysts' updated price targets and models that emphasize the company's AI-driven security positioning, expanded product set and long term recurring revenue ambitions.
AMAT
US$417.40
Applied Materials
7D
-8.1%
1Y
120.0%
Narrative Update • Sep 17

AMAT: AI DRAM And Advanced Packaging Demand Will Sustain Multi Year Upside

Applied Materials' updated analyst price target edges lower as fair value is reset from about $870.69 to $848.57. This reflects modest P/E multiple compression even as analysts highlight ongoing AI driven wafer fab equipment demand and continued strength in DRAM, advanced logic, and advanced packaging.
INTC
US$108.80
Intel
7D
8.5%
1Y
255.9%
LRCX
US$269.31
Lam Research
7D
-9.6%
1Y
113.2%
GS
US$951.47
Goldman Sachs Group
7D
-6.7%
1Y
18.3%
AVGO
US$347.30
Broadcom
7D
-3.7%
1Y
0.6%
Seeking Alpha • Sep 15

Broadcom's Biggest Customers Want To Slow AI Down - They're Still Buying

Summary Broadcom Inc. maintains a Strong Buy rating as AI chip demand is robust, with $350 billion in shipments locked for fiscal 2027–2028. AVGO's AI revenue targets—$115B in 2027 and $230B in 2028—are grounded in secured supply and customer power constraints, not theoretical ceilings. Capex is rising sharply to address supply chokepoints, but operating margin remains strong at 67.9%, with AI now 56% of total revenue. AVGO's valuation has compressed to ~11.5x management's $30+ 2028 EPS target as market focus shifts to credit risk from AI lease guarantees. Read the full article on Seeking Alpha
MS
US$203.52
Morgan Stanley
7D
-4.3%
1Y
27.8%
Seeking Alpha • Sep 15

Morgan Stanley: The Franchise Is Strong, The Valuation Leaves Little Upside

Summary Morgan Stanley is rated Hold at $214, as current valuation already prices in exceptional recent performance and strong capital markets. MS trades at 4x tangible book versus a 13-year median of 2x, reflecting optimism about wealth management and capital market strength. Recent earnings were driven by highly cyclical businesses—equity trading and investment banking—with limited forward visibility and sustainability. I estimate fair value at $215, with a 12-month total return of just 2.4%, making risk-reward unattractive for new buyers at current levels. Read the full article on Seeking Alpha
DELL
US$588.40
Dell Technologies
7D
16.1%
1Y
345.4%
Seeking Alpha • Sep 13

Dell: Powerhouse AI Stock

Summary Dell Technologies has transformed into a mission-critical supplier for the global AI rollout, achieving record highs and justifying its momentum with robust fundamentals. ISG revenue surged 89% year-over-year to $31.8 billion, driven by unprecedented AI server demand, while CSG posted its strongest commercial growth in over four years. Fiscal Q2 2027 delivered a record $47.0 billion revenue and $7.04 adjusted EPS, with management raising full-year guidance to $192 billion revenue and $25.50 EPS. Despite a 345% YTD rally, DELL remains attractively valued at under 22x EPS, with a $95 billion backlog and a medium-term price target of $700 if execution persists. However, there are notable risks that can derail the momentum. Read the full article on Seeking Alpha
WDC
US$423.87
Western Digital
7D
-8.0%
1Y
303.1%
Seeking Alpha • Sep 11

Western Digital: The Correction Priced Out The Froth, Not The Compounding

Summary Western Digital is rated a Buy, with compounding AI-driven storage demand and a reasonable ~17.5x forward EV/EBITDA multiple supporting the thesis. Structural shifts from inference, agentic, and physical AI workloads underpin a 'new normal' of robust, less-cyclical storage demand, with pricing power intact through FY2027. Medium-term growth expectations have moderated to ~25% exabyte shipment growth, but pricing-led revenue and margin expansion remain strong, mitigating short-term volume fluctuations. Outer-year risks center on potential margin compression and multiple contraction, but base-case scenarios still screen net positive through FY2029, supporting near-term upside. Read the full article on Seeking Alpha