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U.S. Market Analysis & Valuation

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies7784
  • 7D-1.8%
  • 3M13.7%
  • 1Y23.3%
  • YTD7.9%

Over the last 7 days, the market has dropped 1.8%, driven by a loss of 9.4% in the Communication Services sector. In contrast to the last week, the market is actually up 23% over the past year. As for the next few years, earnings are expected to grow by 19% 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, 23 Jun 2026US$76.1tUS$24.3tUS$2.5t18.7x30.9x3.1x
Thu, 21 May 2026US$71.6tUS$24.2tUS$2.4t18.5x29.6x3x
Sat, 18 Apr 2026US$74.1tUS$23.7tUS$2.3t19.8x32.1x3.1x
Mon, 16 Mar 2026US$69.5tUS$23.7tUS$2.3t18.4x30.3x2.9x
Wed, 11 Feb 2026US$73.1tUS$23.6tUS$2.3t19.5x31.8x3.1x
Fri, 09 Jan 2026US$72.6tUS$23.2tUS$2.3t19.3x31.7x3.1x
Sun, 07 Dec 2025US$72.2tUS$23.1tUS$2.3t18.7x31.7x3.1x
Tue, 04 Nov 2025US$72.1tUS$23.0tUS$2.3t18.2x31.5x3.1x
Thu, 02 Oct 2025US$70.6tUS$22.9tUS$2.2t19.2x32.3x3.1x
Sat, 30 Aug 2025US$68.1tUS$22.9tUS$2.2t19.2x31.3x3x
Mon, 28 Jul 2025US$66.8tUS$22.6tUS$2.1t18.7x31.7x3x
Wed, 25 Jun 2025US$63.7tUS$22.5tUS$2.1t18.1x30.3x2.8x
Fri, 23 May 2025US$60.9tUS$22.4tUS$2.1t17.8x29.1x2.7x
Sun, 20 Apr 2025US$54.8tUS$21.9tUS$2.1t16.3x26.4x2.5x
Tue, 18 Mar 2025US$58.7tUS$21.9tUS$2.0t17.6x28.7x2.7x
Thu, 13 Feb 2025US$63.8tUS$21.8tUS$2.0t18.3x31.3x2.9x
Sat, 11 Jan 2025US$62.2tUS$22.0tUS$1.9t18.2x32.1x2.8x
Mon, 09 Dec 2024US$64.4tUS$22.0tUS$1.9t19.3x33.3x2.9x
Wed, 06 Nov 2024US$59.4tUS$21.8tUS$1.9t18.3x31.4x2.7x
Fri, 04 Oct 2024US$59.3tUS$21.5tUS$1.9t18.2x31.8x2.8x
Sun, 01 Sep 2024US$58.3tUS$21.5tUS$1.9t18.2x31.3x2.7x
Tue, 30 Jul 2024US$56.9tUS$21.4tUS$1.9t18x30.7x2.7x
Thu, 27 Jun 2024US$56.5tUS$21.3tUS$1.8t16.6x30.8x2.7x
Sat, 25 May 2024US$54.6tUS$21.3tUS$1.8t17.2x29.9x2.6x
Mon, 22 Apr 2024US$51.6tUS$21.1tUS$1.8t16.5x27.9x2.4x
Wed, 20 Mar 2024US$53.8tUS$21.1tUS$1.8t16.5x29.2x2.6x
Fri, 16 Feb 2024US$52.2tUS$21.0tUS$1.8t16.6x29.1x2.5x
Sun, 14 Jan 2024US$50.1tUS$21.0tUS$1.8t16.7x28.5x2.4x
Tue, 12 Dec 2023US$48.4tUS$21.0tUS$1.8t16.4x27.6x2.3x
Thu, 09 Nov 2023US$45.8tUS$21.0tUS$1.7t15.3x26.6x2.2x
Sat, 07 Oct 2023US$45.4tUS$21.0tUS$1.7t15.1x26.4x2.2x
Mon, 04 Sep 2023US$47.6tUS$20.9tUS$1.7t15.9x27.8x2.3x
Wed, 02 Aug 2023US$48.6tUS$20.9tUS$1.6t15.9x29.6x2.3x
Fri, 30 Jun 2023US$46.5tUS$21.0tUS$1.7t15.4x28x2.2x
Price to Earnings Ratio

28x


Total Market Cap: US$46.5tTotal Earnings: US$1.7tTotal Revenue: US$21.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 30.1x202420252026
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 30.1x.
Past Earnings Growth
  • The earnings for American listed companies have grown 14% per year over the last three years.
  • Revenues for these companies have grown 5.0% 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-1.82%
Industrials1.73%
Financials0.50%
Utilities0.45%
Tech-0.54%
Healthcare-1.04%
Real Estate-1.42%
Energy-1.68%
Materials-1.85%
Consumer Discretionary-2.91%
Consumer Staples-2.93%
Telecom-9.36%
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 65.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.2%, which is higher than its past year's earnings growth of 13.3% 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 Telecom sector, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 2.7% per year.
  • In contrast, the Real Estate sector is expected to see its earnings grow by 8.2% 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
MU Micron TechnologyUS$1.21k11.3%
+US$139.2b		892.3%PE56.7xTech
INTC IntelUS$140.9410.2%
+US$65.7b		565.1%PS13.2xTech
AMAT Applied MaterialsUS$640.189.3%
+US$43.2b		272.3%PE59.7xTech
CAT CaterpillarUS$1.02k9.5%
+US$40.7b		179.1%PE49.9xIndustrials
GEV GE VernovaUS$1.13k15.2%
+US$39.9b		125.6%PE32.3xIndustrials
See more

Market Insights

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Latest News

WDC
US$732.62
Western Digital
7D
12.1%
1Y
1,113.3%
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MU
US$1,211.38
Micron Technology
7D
11.3%
1Y
892.3%
PLTR
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Palantir Technologies
7D
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1Y
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SPCX
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Space Exploration Technologies
7D
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1Y
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AMZN
US$232.79
Amazon.com
7D
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1Y
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LRCX
US$409.54
Lam Research
7D
5.3%
1Y
347.0%
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Lam Research: A Strong Buy Built On Memory, Packaging And AI Complexity

Summary I'm rating Lam Research a Strong Buy with a $497 price target, implying 28% upside from $389. My growth drivers are AI-driven WFE and SAM expansion, NAND conversion spending, DRAM and HBM-related deposition intensity, advanced packaging growth, and CSBG services. Together, I estimate these growth drivers can add about $1.11 of incremental EPS and drive the forward non-GAAP EPS to $7.26. I arrive at my price target by applying a FWD non-GAAP P/E multiple of 68.49x to my FWD non-GAAP EPS of $7.26. The main risks are WFE cyclicality, memory spending delays, China/export control exposure, and valuation compression. Even with the risks, I believe LRCX has enough growth engines to keep earnings moving higher, and that is why I believe the premium valuation is justified. Read the full article on Seeking Alpha
MSFT
US$367.34
Microsoft
7D
-8.1%
1Y
-24.4%
META
US$563.85
Meta Platforms
7D
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1Y
-19.3%
Narrative Update • Jun 22

META: Heavy AI Buildout And Subscriptions Will Drive Long Term Upside

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JPM
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JPMorgan Chase
7D
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1Y
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GEV
US$1,127.59
GE Vernova
7D
15.2%
1Y
125.6%
Narrative Update • Jun 22

GEV: AI Data Center Demand And Backlog Strength Will Support Balanced Returns

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CAT
US$1,022.28
Caterpillar
7D
9.5%
1Y
179.1%
INTC
US$140.94
Intel
7D
10.2%
1Y
565.1%
AMAT
US$640.18
Applied Materials
7D
9.3%
1Y
272.3%
ORCL
US$175.07
Oracle
7D
-9.1%
1Y
-15.4%
New Narrative • Jun 20

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GOOGL
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Alphabet
7D
-6.3%
1Y
109.7%
NVDA
US$208.65
NVIDIA
7D
-1.8%
1Y
44.7%
Seeking Alpha • Jun 17

Nvidia Won't Be This Cheap Forever

Summary Nvidia Corporation remains a Strong Buy, with accelerating growth, expanding margins, and a valuation still at a discount to sector peers. Q1 revenue surged 85% YoY to $81.6B, driven by 92% YoY data center growth and strong AI infrastructure demand. Profitability is robust: gross margin expanded 14.2 points, EPS grew 131%, and FCFs were up 86%. NVDA's Q2 guidance implies 95% YoY revenue growth and further gross margin expansion, while risks include China market loss and U.S. energy infrastructure constraints. Read the full article on Seeking Alpha