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U.S. Market Analysis & Valuation

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies7882
  • 7D0.5%
  • 3M1.4%
  • 1Y16.6%
  • YTD0.9%

In the last week, the market has stayed flat, however the Energy sector stood out, gaining 3.3%. More promisingly, the market is up 17% 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
Tue, 06 Jan 2026US$72.5tUS$23.2tUS$2.3t19.1x31.7x3.1x
Thu, 04 Dec 2025US$71.4tUS$23.1tUS$2.3t18.7x31.3x3.1x
Sat, 01 Nov 2025US$71.6tUS$23.0tUS$2.3t18.2x31.6x3.1x
Mon, 29 Sep 2025US$70.1tUS$22.9tUS$2.2t19.1x32.1x3.1x
Wed, 27 Aug 2025US$67.6tUS$23.0tUS$2.2t19.2x31.3x2.9x
Fri, 25 Jul 2025US$66.6tUS$22.6tUS$2.1t18.9x31.6x3x
Sun, 22 Jun 2025US$62.4tUS$22.5tUS$2.1t17.7x29.7x2.8x
Tue, 20 May 2025US$62.2tUS$22.4tUS$2.1t18x29.7x2.8x
Thu, 17 Apr 2025US$55.7tUS$21.9tUS$2.1t16.2x27.1x2.5x
Sat, 15 Mar 2025US$57.5tUS$22.0tUS$2.1t17.3x28x2.6x
Mon, 10 Feb 2025US$63.5tUS$21.8tUS$2.0t18.5x31.1x2.9x
Wed, 08 Jan 2025US$62.9tUS$22.0tUS$1.9t18.4x32.5x2.9x
Fri, 06 Dec 2024US$64.3tUS$22.0tUS$1.9t19.4x33.3x2.9x
Sun, 03 Nov 2024US$59.6tUS$21.8tUS$1.9t18x32x2.7x
Tue, 01 Oct 2024US$59.7tUS$21.7tUS$1.9t18.4x31.9x2.8x
Thu, 29 Aug 2024US$58.1tUS$21.5tUS$1.8t18.1x31.5x2.7x
Sat, 27 Jul 2024US$56.2tUS$21.4tUS$1.8t18x30.5x2.6x
Mon, 24 Jun 2024US$56.5tUS$21.3tUS$1.8t16.6x30.8x2.6x
Wed, 22 May 2024US$55.2tUS$21.2tUS$1.8t17.5x30.5x2.6x
Fri, 19 Apr 2024US$52.1tUS$21.2tUS$1.8t16.3x28.2x2.5x
Sun, 17 Mar 2024US$53.3tUS$21.1tUS$1.8t16.5x28.9x2.5x
Tue, 13 Feb 2024US$52.4tUS$21.0tUS$1.8t16.5x29.3x2.5x
Thu, 11 Jan 2024US$49.9tUS$21.0tUS$1.8t16.8x28.4x2.4x
Sat, 09 Dec 2023US$48.0tUS$21.0tUS$1.8t16.3x27.4x2.3x
Mon, 06 Nov 2023US$45.6tUS$21.0tUS$1.7t15.4x26.5x2.2x
Wed, 04 Oct 2023US$45.2tUS$21.0tUS$1.7t15x26.4x2.2x
Fri, 01 Sep 2023US$47.5tUS$21.0tUS$1.7t15.8x27.7x2.3x
Sun, 30 Jul 2023US$48.2tUS$21.0tUS$1.7t15.9x29x2.3x
Tue, 27 Jun 2023US$45.8tUS$21.0tUS$1.7t15x27.5x2.2x
Thu, 25 May 2023US$43.5tUS$21.0tUS$1.7t14.6x26.2x2.1x
Sat, 22 Apr 2023US$43.5tUS$20.7tUS$1.6t14.9x27x2.1x
Mon, 20 Mar 2023US$37.6tUS$19.2tUS$1.6t13.8x24.1x2x
Wed, 15 Feb 2023US$44.3tUS$20.5tUS$1.7t15.4x26.6x2.2x
Fri, 13 Jan 2023US$42.7tUS$20.5tUS$1.8t14.9x23.8x2.1x
Price to Earnings Ratio

23.8x


Total Market Cap: US$42.7tTotal 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 Market0.48%
Energy3.30%
Industrials2.65%
Materials2.46%
Financials1.81%
Consumer Discretionary0.84%
Telecom0.13%
Healthcare-0.16%
Utilities-0.32%
Tech-0.72%
Consumer Staples-0.75%
Real Estate-0.75%
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 12.7x.
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
GOOGL AlphabetUS$316.540.9%
+US$32.5b		61.9%PE30.7xTelecom
JPM JPMorgan ChaseUS$334.043.3%
+US$28.9b		37.4%PB2.7xFinancials
LRCX Lam ResearchUS$194.7612.1%
+US$26.4b		151.2%PE42.1xTech
CVX ChevronUS$163.857.6%
+US$23.2b		9.5%PE25.8xEnergy
MU Micron TechnologyUS$312.156.7%
+US$22.0b		206.3%PE29.5xTech
See more

Market Insights

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MU
US$312.15
Micron Technology
7D
6.7%
1Y
206.3%

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.
AMAT
US$284.32
Applied Materials
7D
9.4%
1Y
59.9%

AMAT: Future Multiple Compression Will Likely Pressure Elevated Share Price

Our fair value estimate for Applied Materials has been raised to $180 from $160.41 as analysts lift price targets into the mid to high $200s, citing above-consensus execution, resilient foundry and memory demand, de-risked China exposure, and strengthening recurring services growth. Analyst Commentary Street research has turned more constructive on Applied Materials, with multiple firms lifting price targets into the $250 to $270 range following solid quarterly execution, above-consensus guidance, and stronger visibility into 2026 wafer fab equipment demand.
AAPL
US$267.26
Apple
7D
-2.1%
1Y
10.3%
MSFT
US$472.85
Microsoft
7D
-3.0%
1Y
12.0%
LLY
US$1,041.51
Eli Lilly
7D
-3.5%
1Y
34.7%
AVGO
US$343.42
Broadcom
7D
-1.8%
1Y
50.2%
META
US$658.79
Meta Platforms
7D
-1.1%
1Y
6.6%
JPM
US$334.04
JPMorgan Chase
7D
3.3%
1Y
37.4%
GS
US$948.44
Goldman Sachs Group
7D
7.2%
1Y
63.5%

GS: Future Deal Ambitions Will Mask Rising Concern Over Share Price Sustainability

Analysts have nudged their price target for Goldman Sachs Group higher to approximately 813 dollars from about 803 dollars. The change reflects slightly stronger long term revenue growth expectations, a modestly higher future earnings multiple, and a largely unchanged discount rate and profit margin outlook.
GOOGL
US$316.54
Alphabet
7D
0.9%
1Y
61.9%
ABBV
US$220.18
AbbVie
7D
-4.2%
1Y
22.6%

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

Analysts have nudged our AbbVie fair value estimate slightly higher, from $243.55 to $244.68. This reflects modestly stronger long term revenue growth expectations for key immunology franchises and pipeline assets, partially offset by slightly lower margin assumptions and a broadly constructive but mixed backdrop of recent price target revisions and rating changes across the Street.
BABA
US$156.26
Alibaba Group Holding
7D
6.0%
1Y
85.0%

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.
APP
US$632.91
AppLovin
7D
-8.8%
1Y
91.8%

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%
LRCX
US$194.76
Lam Research
7D
12.1%
1Y
151.2%

LRCX: Recent AI And Memory Upcycle Euphoria Will Likely Fade

Analysts have raised their price target on Lam Research to approximately $110 from about $81, citing the company's stronger than expected earnings momentum, improving wafer fab equipment upcycle exposure, and durable AI driven demand for advanced memory and 3D stacking technologies. Analyst Commentary Recent Street research reflects a broadly constructive view on Lam Research, with multiple firms lifting price targets and highlighting the company’s leverage to an improving wafer fab equipment cycle, AI driven memory demand, and stronger than expected profitability.
PLTR
US$174.04
Palantir Technologies
7D
-3.8%
1Y
148.7%
CVX
US$163.85
Chevron
7D
7.6%
1Y
9.5%

CVX: Future Dividend Capacity Will Be Driven By Strong Free Cash Flow

Analysts have nudged their average price target on Chevron higher by roughly $5 to reflect stronger than expected Q3 results, visible production growth and free cash flow support for dividend expansion, even as they modestly temper longer term revenue growth assumptions. Analyst Commentary Street research remains broadly constructive on Chevron, with a series of upward price target revisions reinforcing confidence in the company's capacity to sustain higher free cash flow, support dividend growth, and execute on its long term production plans.