Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Market Analysis & Valuation

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies7758
  • 7D1.9%
  • 3M-4.1%
  • 1Y23.7%
  • YTD-4.1%

The market has climbed 1.9% in the last 7 days, lead by the Information Technology sector with a gain of 2.4%. Meanwhile, the Energy sector has underperformed, shrinking 3.6% in that time. In the last year, the market has climbed 24%. Earnings are forecast to grow by 15% 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, 03 Apr 2026US$69.1tUS$23.7tUS$2.3t18.6x29.9x2.9x
Sun, 01 Mar 2026US$72.2tUS$23.7tUS$2.3t19.4x31.4x3.1x
Tue, 27 Jan 2026US$72.7tUS$23.2tUS$2.3t19.4x31.8x3.1x
Thu, 25 Dec 2025US$72.8tUS$23.2tUS$2.3t19.1x31.8x3.1x
Sat, 22 Nov 2025US$68.0tUS$23.1tUS$2.3t18.2x29.8x2.9x
Mon, 20 Oct 2025US$70.3tUS$22.7tUS$2.2t18.6x31.9x3.1x
Wed, 17 Sep 2025US$69.8tUS$22.9tUS$2.2t19.2x32x3x
Fri, 15 Aug 2025US$67.8tUS$23.0tUS$2.2t18.9x31.4x2.9x
Sun, 13 Jul 2025US$64.8tUS$22.5tUS$2.1t18.7x30.9x2.9x
Tue, 10 Jun 2025US$62.6tUS$22.5tUS$2.1t18x29.8x2.8x
Thu, 08 May 2025US$58.3tUS$22.4tUS$2.1t17.2x27.8x2.6x
Sat, 05 Apr 2025US$55.8tUS$21.9tUS$2.1t16.1x27.2x2.5x
Mon, 03 Mar 2025US$62.3tUS$21.9tUS$2.0t17.9x30.5x2.8x
Wed, 29 Jan 2025US$63.8tUS$22.1tUS$2.0t18.8x32.1x2.9x
Fri, 27 Dec 2024US$63.4tUS$22.0tUS$1.9t18.5x32.7x2.9x
Sun, 24 Nov 2024US$63.0tUS$22.0tUS$1.9t19.4x32.7x2.9x
Tue, 22 Oct 2024US$60.9tUS$21.6tUS$1.9t18.4x32.6x2.8x
Thu, 19 Sep 2024US$58.3tUS$21.5tUS$1.9t18.1x31.3x2.7x
Sat, 17 Aug 2024US$57.2tUS$21.5tUS$1.8t17.8x31.1x2.7x
Mon, 15 Jul 2024US$58.2tUS$21.3tUS$1.8t17.4x31.6x2.7x
Wed, 12 Jun 2024US$55.3tUS$21.3tUS$1.8t16.8x30.2x2.6x
Fri, 10 May 2024US$53.9tUS$21.2tUS$1.8t17.5x29.7x2.5x
Sun, 07 Apr 2024US$54.2tUS$21.1tUS$1.8t17.2x29.4x2.6x
Tue, 05 Mar 2024US$53.4tUS$21.1tUS$1.8t16.4x29x2.5x
Thu, 01 Feb 2024US$51.4tUS$21.1tUS$1.8t16.9x29.2x2.4x
Sat, 30 Dec 2023US$50.5tUS$21.0tUS$1.8t16.9x28.7x2.4x
Mon, 27 Nov 2023US$47.6tUS$21.1tUS$1.8t16x27.2x2.3x
Wed, 25 Oct 2023US$44.1tUS$21.0tUS$1.7t14.8x25.7x2.1x
Fri, 22 Sep 2023US$45.6tUS$20.9tUS$1.7t15.4x26.6x2.2x
Sun, 20 Aug 2023US$46.3tUS$20.9tUS$1.7t15.8x27.3x2.2x
Tue, 18 Jul 2023US$47.8tUS$21.0tUS$1.7t15.7x28.6x2.3x
Thu, 15 Jun 2023US$46.4tUS$21.0tUS$1.7t15.2x27.8x2.2x
Sat, 13 May 2023US$43.2tUS$21.0tUS$1.7t14.4x26x2.1x
Mon, 10 Apr 2023US$43.3tUS$20.6tUS$1.6t14.9x26.7x2.1x
Price to Earnings Ratio

26.7x


Total Market Cap: US$43.3tTotal Earnings: US$1.6tTotal Revenue: US$20.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 29.8x202420252026
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 29.8x.
Past Earnings Growth
  • The earnings for American listed companies have grown 13% per year over the last three years.
  • Revenues for these companies have grown 4.7% 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 Market1.90%
Materials4.91%
Telecom4.04%
Tech2.41%
Utilities2.07%
Consumer Staples2.03%
Real Estate1.92%
Industrials1.59%
Consumer Discretionary1.56%
Healthcare1.44%
Financials1.14%
Energy-3.58%
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 65.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 15.8%, which is higher than its past year's earnings growth of 8.8% 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 Consumer Discretionary sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings decline of 1.4% per year.
  • In contrast, the Financials sector is expected to see its earnings grow by 8.8% 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$295.775.3%
+US$179.6b		96.2%PE27.1xTelecom
NVDA NVIDIAUS$177.393.6%
+US$149.4b		74.3%PE35.9xTech
AMZN Amazon.comUS$209.775.2%
+US$112.0b		22.7%PE29xConsumer Discretionary
META Meta PlatformsUS$574.464.9%
+US$68.1b		8.1%PE24xTelecom
MSFT MicrosoftUS$373.462.0%
+US$55.6b		0.09%PE23.3xTech
See more

Market Insights

Header cover image
What’s happening with Renewables & EVs?
Richard Bowman avatar
Richard Bowman
Part 1 of 3 in our “What’s happening with…” series, where we look back on the investment themes that were all the rage just a few years ago and see how they're doing now.
Continue reading
How to spot the winners in 2026's IPOs

Latest News

CVX
US$198.97
Chevron
7D
-4.2%
1Y
27.4%

Chevron: Prolonged Iran War A Catalyst

Apr 02
AMZN
US$209.77
Amazon.com
7D
5.2%
1Y
22.7%
NKE
US$44.19
NIKE
7D
-15.1%
1Y
-20.5%
LLY
US$935.58
Eli Lilly
7D
4.3%
1Y
18.6%
INTC
US$50.38
Intel
7D
14.2%
1Y
124.6%
META
US$574.46
Meta Platforms
7D
4.9%
1Y
8.1%
CEG
US$272.82
Constellation Energy
7D
-7.6%
1Y
43.4%

CEG: PJM Contracting Acceleration Through 2026 Will Drive Bullish Outlook

Analysts now set a revised fair value estimate of $330.00 for Constellation Energy, up from $296.83. This reflects updated views on longer term earnings power, slightly higher assumed profit margins, and a richer future P/E multiple, despite more cautious revenue growth assumptions and a recent mix of target cuts and reaffirmed optimism across Street research.
AAPL
US$255.92
Apple
7D
1.2%
1Y
26.0%

AAPL: Gemini AI Deal And Services Strength Will Balance Margin Pressures

Apple's analyst fair value estimate edges up from $216.94 to $231.03 as analysts weigh higher expected memory and input costs against resilient Services trends, early readthroughs from new lower priced hardware like MacBook Neo and iPhone 17e, and a slightly higher assumed forward P/E of about 30x. Analyst Commentary Recent Street research on Apple reflects a mix of optimism around new products and AI, balanced against practical concerns about costs, regional demand trends, and valuation.
GOOGL
US$295.77
Alphabet
7D
5.3%
1Y
96.2%

GOOGL: Expanding AI Partnerships With Apple And Walmart Will Support Multi Year Re Rating

Alphabet's updated narrative keeps fair value at $443 per share while incorporating Street price target moves such as Wells Fargo's recent lift to $397. This reflects analysts' focus on Gemini traction, AI capacity build out, and broad price target increases across the coverage group.
BSX
US$62.82
Boston Scientific
7D
-10.5%
1Y
-36.2%
TMUS
US$201.40
T-Mobile US
7D
-4.8%
1Y
-24.8%

TMUS: Sector Leading 2026 Service And EBITDA Outlook Will Drive Future Upside

The analyst price target for T-Mobile US edges up slightly to $268.68 from $268.52, as analysts fine tune assumptions around revenue growth, profit margins and future P/E multiples, while also factoring in recent price target revisions and ratings changes across the Street. Analyst Commentary Recent research updates on T-Mobile US reflect a mix of optimism about the company’s growth profile and some caution around valuation and sector conditions, which together shape the modest upward move in the consensus price target.
MSFT
US$373.46
Microsoft
7D
2.0%
1Y
0.09%

Everyone's Terrified Microsoft Will Keep Spending. I'm Terrified They'll Stop.

Microsoft just burned $37.5 billion in 90 days. The stock has lost a third of its value.
V
US$300.80
Visa
7D
-1.5%
1Y
-11.4%

Visa - A Fundamental and Historical Valuation

Business Overview Key Metrics Total: 9.5/17 +2✅✅ Projected Operating Margin: 65.63% +0 ⚠️ Projected 5-Year Revenue CAGR: 9.43% +2 ✅✅ Last 5-Year ROIC: 39.70% +1 ✅ Estimated Cost of Capital: 6.26% (lower than ROIC) -1 ❌ Last 5-Year Shares Outstanding CAGR: +0.15% +1 ✅ Projected 5-Year EPS CAGR: 12.38% +1 ✅ Projected 5-Year Dividend CAGR: 12.50% +1.5 ✅ Estimated Debt Rating: Aa3 +2 ✅✅ Morningstar Moat: Wide +0 ⚠️ Morningstar Uncertainty: Medium Business Valuation To calculate the intrinsic value of the company I'll use multiple methods: Discounted Cash Flows (DCF) - Intrinsic value is estimated by projecting its free cash flows over the next 10 years and discounting them to present value using the estimated cost of capital ; EPS Growth - the fair value is estimated by projected the Earnings Per Share CAGR for the next 5 Years and then, given its current and historic values of PE, come up with a PE for the 5th Year. This will give us its price 5 Years from now using the formula: Price = EPS x PE that we then discount using the estimated cost of capital; Historical P/E - we assume mean reversion to the historical P/E values; Historical EV/EBITDA - we assume mean reversion to the historical EV/EBITDA values.
XOM
US$160.69
Exxon Mobil
7D
-2.9%
1Y
42.9%
NVDA
US$177.39
NVIDIA
7D
3.6%
1Y
74.3%
CSCO
US$79.02
Cisco Systems
7D
-3.8%
1Y
37.9%