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U.S. Market Analysis & Valuation

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies7886
  • 7D-0.4%
  • 3M1.5%
  • 1Y12.7%
  • YTD1.2%

Over the last 7 days, the market has remained flat, although notably the Materials sector gained 3.4% in that time. Meanwhile, the market is actually up 13% over the past year. As for the next few years, earnings are expected to grow by 16% 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
Sat, 24 Jan 2026US$72.8tUS$23.2tUS$2.3t19.3x31.9x3.1x
Mon, 22 Dec 2025US$71.8tUS$23.2tUS$2.3t19x31.4x3.1x
Wed, 19 Nov 2025US$69.4tUS$23.1tUS$2.3t18x30.6x3x
Fri, 17 Oct 2025US$70.6tUS$22.7tUS$2.2t18.6x32.1x3.1x
Sun, 14 Sep 2025US$69.4tUS$22.9tUS$2.2t19.2x31.8x3x
Tue, 12 Aug 2025US$66.8tUS$22.7tUS$2.2t18.5x30.9x2.9x
Thu, 10 Jul 2025US$65.1tUS$22.5tUS$2.1t18.7x31x2.9x
Sat, 07 Jun 2025US$62.0tUS$22.5tUS$2.1t17.9x29.5x2.8x
Mon, 05 May 2025US$59.0tUS$22.0tUS$2.1t17.5x28x2.7x
Wed, 02 Apr 2025US$58.2tUS$21.9tUS$2.1t17.6x28.4x2.7x
Fri, 28 Feb 2025US$62.4tUS$21.9tUS$2.0t17.8x30.5x2.8x
Sun, 26 Jan 2025US$64.0tUS$22.0tUS$2.0t19x32.2x2.9x
Tue, 24 Dec 2024US$62.3tUS$22.0tUS$1.9t18.3x32.2x2.8x
Thu, 21 Nov 2024US$62.4tUS$22.0tUS$1.9t18.9x32.5x2.8x
Sat, 19 Oct 2024US$60.6tUS$21.6tUS$1.9t18.7x32.5x2.8x
Mon, 16 Sep 2024US$58.1tUS$21.5tUS$1.9t18x31.2x2.7x
Wed, 14 Aug 2024US$55.2tUS$21.5tUS$1.8t17.4x29.8x2.6x
Fri, 12 Jul 2024US$58.2tUS$21.3tUS$1.8t17.3x31.7x2.7x
Sun, 09 Jun 2024US$55.1tUS$21.3tUS$1.8t16.8x30.1x2.6x
Tue, 07 May 2024US$53.9tUS$21.2tUS$1.8t17.3x29.6x2.5x
Thu, 04 Apr 2024US$54.3tUS$21.1tUS$1.8t17.2x29.4x2.6x
Sat, 02 Mar 2024US$53.2tUS$21.1tUS$1.8t16.3x28.8x2.5x
Mon, 29 Jan 2024US$51.1tUS$21.1tUS$1.8t16.9x29.1x2.4x
Wed, 27 Dec 2023US$50.1tUS$21.0tUS$1.8t17x28.5x2.4x
Fri, 24 Nov 2023US$47.2tUS$21.0tUS$1.7t15.9x27x2.2x
Sun, 22 Oct 2023US$44.2tUS$21.0tUS$1.7t15x25.7x2.1x
Tue, 19 Sep 2023US$46.9tUS$20.9tUS$1.7t15.5x27.4x2.2x
Thu, 17 Aug 2023US$46.7tUS$20.9tUS$1.7t15.8x27.5x2.2x
Sat, 15 Jul 2023US$47.7tUS$21.0tUS$1.7t15.6x28.6x2.3x
Mon, 12 Jun 2023US$45.6tUS$21.0tUS$1.7t15x27.4x2.2x
Wed, 10 May 2023US$43.2tUS$21.0tUS$1.7t14.6x26x2.1x
Fri, 07 Apr 2023US$43.3tUS$20.6tUS$1.6t14.8x26.8x2.1x
Sun, 05 Mar 2023US$43.4tUS$20.6tUS$1.6t15.6x26.7x2.1x
Tue, 31 Jan 2023US$43.2tUS$20.5tUS$1.8t14.9x24.5x2.1x
Price to Earnings Ratio

24.5x


Total Market Cap: US$43.2tTotal Earnings: US$1.8tTotal Revenue: US$20.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 29.4x202420252026
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 29.4x.
Past Earnings Growth
  • The earnings for American listed companies have grown 9.1% 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 Market-0.39%
Materials3.38%
Energy2.85%
Healthcare1.06%
Telecom0.88%
Consumer Staples0.74%
Consumer Discretionary0.57%
Tech-0.96%
Industrials-1.54%
Utilities-1.89%
Real Estate-2.08%
Financials-2.26%
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 65.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 16.7%, which is higher than its past year's earnings growth of 14.7% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 17.8x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Real Estate 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
META Meta PlatformsUS$658.766.2%
+US$97.1b		1.7%PE28.4xTelecom
AMD Advanced Micro DevicesUS$259.6812.0%
+US$45.3b		111.4%PE135xTech
MSFT MicrosoftUS$465.951.3%
+US$45.3b		4.9%PE33xTech
MU Micron TechnologyUS$399.6510.2%
+US$41.5b		287.3%PE37.8xTech
TSLA TeslaUS$449.062.6%
+US$38.4b		10.4%PE294.1xConsumer Discretionary
See more

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JPM
US$297.72
JPMorgan Chase
7D
-4.7%
1Y
12.4%
META
US$658.76
Meta Platforms
7D
6.2%
1Y
1.7%
NVDA
US$187.67
NVIDIA
7D
0.8%
1Y
31.6%
ORCL
US$177.16
Oracle
7D
-7.3%
1Y
-3.5%
ABT
US$107.42
Abbott Laboratories
7D
-11.8%
1Y
-14.1%
BRK.A
US$720,932.18
Berkshire Hathaway
7D
-2.7%
1Y
3.8%
LLY
US$1,064.29
Eli Lilly
7D
2.5%
1Y
35.5%
AAPL
US$248.04
Apple
7D
-2.9%
1Y
11.3%

Maintaining FV - it's all coming true

Am maintaining my FV on this one. This video does a great job of explaining the many years of weak product innovation, which will be hard to recover from.
MSFT
US$465.95
Microsoft
7D
1.3%
1Y
4.9%

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AMD
US$259.68
Advanced Micro Devices
7D
12.0%
1Y
111.4%

AMD: AI Rack Systems And Policy Risks Will Shape The Next Phase

Analysts nudged their price target higher for Advanced Micro Devices, with fair value moving from $207.91 to $213.89 as they factor in slightly stronger expected revenue growth, a small uplift in profit margins, and a modestly higher future P/E multiple, supported by recent research highlighting AI accelerator demand, rack scale system opportunities, and broader data center traction. Analyst Commentary Recent research around AMD reflects a mix of optimism on AI growth and clear reminders that execution and competition still matter a lot for what investors are paying for the stock.
AVGO
US$320.05
Broadcom
7D
-9.0%
1Y
30.8%

AVGO: AI Custom Silicon Demand Will Drive Future Risk Reward Profile

Analysts raised their Broadcom fair value estimate from $403.66 to $456.56, reflecting expectations for higher projected revenue growth, slightly stronger profit margins, and a more moderate future P/E multiple supported by recent positive research on AI-related demand and custom silicon exposure. Analyst Commentary Recent Street research on Broadcom clusters around AI exposure, custom silicon, and the implications for valuation, margins, and long term growth execution.
UNH
US$356.26
UnitedHealth Group
7D
7.6%
1Y
-33.1%

Universal Health Services: Why Behavioral Care Is Becoming a Core Earnings Driver

Healthcare investors often focus on hospital occupancy rates, reimbursement shifts, and labor costs. But beneath those headline metrics, a more durable trend is reshaping the industry.
GE
US$293.87
General Electric
7D
-9.6%
1Y
49.4%

GE: Engine Contract Momentum And Higher Margins Will Support Future Returns

Narrative Update Analysts have made a modest upward adjustment to their price targets for General Electric, reflecting small refinements to assumptions on discount rate, revenue growth, profit margins, and future P/E rather than a change in the US$394 fair value estimate. Analyst Commentary Recent Street research around General Electric has centered on fine tuning price targets for GE Aerospace, with a mix of upward and downward adjustments that still point to generally constructive sentiment on the company’s execution and earnings power.
GOOGL
US$327.93
Alphabet
7D
-0.6%
1Y
63.8%

GOOGL: AI Partnerships Are Expected To Drive Multi Year Re Rating

Analysts have raised their implied fair value for Alphabet from about $291 to around $415 per share. This reflects higher assumed revenue growth, profit margins and a richer future P/E multiple as recent research points to growing confidence in Gemini driven partnerships and Google Cloud.
TSLA
US$449.06
Tesla
7D
2.6%
1Y
10.4%

TSLA: Autonomy And Robotaxi Progress Will Reshape Long-Term Equity Story

Analysts have nudged their Tesla price targets higher by aligning models with slightly lower discount rates, marginally firmer revenue growth and profit margin assumptions, and a modestly reduced future P/E multiple. Recent research highlights both upside tied to full self driving and robotaxi potential, as well as ongoing concerns about auto fundamentals and execution risk.
MU
US$399.65
Micron Technology
7D
10.2%
1Y
287.3%

MU: AI Memory Supercycle Hype Will Eventually Meet New DRAM Capacity

Our fair value estimate for Micron Technology has been adjusted higher to US$176.14 from US$171.83, reflecting analysts' higher price targets and rationale around tight DRAM supply, strong AI driven memory demand, and expectations for improved margins and earnings power. Analyst Commentary Recent research has generally pointed to tight DRAM conditions, AI related memory demand, and constrained high bandwidth memory supply as key themes for Micron.