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U.S. Market Analysis & Valuation

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies7747
  • 7D4.9%
  • 3M4.0%
  • 1Y21.3%
  • YTD10.7%

The market is up 4.9% over the last week, with the Information Technology sector leading the way, up 9.5%. The market is up 21% over the last 12 months. 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
Wed, 05 Aug 2026US$76.4tUS$24.8tUS$2.7t19.7x28.4x3.1x
Fri, 03 Jul 2026US$80.5tUS$24.3tUS$2.5t19.2x32.4x3.3x
Sun, 31 May 2026US$74.5tUS$24.2tUS$2.5t18.8x30.2x3.1x
Tue, 28 Apr 2026US$70.2tUS$23.8tUS$2.3t19.5x30.2x3x
Thu, 26 Mar 2026US$69.0tUS$23.7tUS$2.3t18.5x29.9x2.9x
Sat, 21 Feb 2026US$72.2tUS$23.6tUS$2.3t19.5x31.7x3.1x
Mon, 19 Jan 2026US$72.9tUS$23.2tUS$2.3t19.4x31.9x3.2x
Wed, 17 Dec 2025US$71.5tUS$23.2tUS$2.3t19x31.3x3.1x
Fri, 14 Nov 2025US$71.7tUS$23.1tUS$2.3t18.2x31.6x3.1x
Sun, 12 Oct 2025US$69.1tUS$22.9tUS$2.2t18.5x31.6x3x
Tue, 09 Sep 2025US$68.2tUS$22.9tUS$2.2t19.1x31.2x3x
Thu, 07 Aug 2025US$66.2tUS$22.7tUS$2.1t18.2x31x2.9x
Sat, 05 Jul 2025US$65.6tUS$22.5tUS$2.1t18.8x31.2x2.9x
Mon, 02 Jun 2025US$61.5tUS$22.4tUS$2.1t17.8x29.3x2.7x
Wed, 30 Apr 2025US$57.4tUS$22.0tUS$2.1t17.1x27.4x2.6x
Fri, 28 Mar 2025US$59.5tUS$21.9tUS$2.1t17.7x29x2.7x
Sun, 23 Feb 2025US$63.2tUS$21.9tUS$2.1t18.1x30.7x2.9x
Tue, 21 Jan 2025US$63.2tUS$22.1tUS$2.0t18.9x32.2x2.9x
Thu, 19 Dec 2024US$63.7tUS$22.0tUS$1.9t18.2x33x2.9x
Sat, 16 Nov 2024US$62.5tUS$22.0tUS$1.9t18.9x32.8x2.8x
Mon, 14 Oct 2024US$60.4tUS$21.6tUS$1.9t18.4x32.4x2.8x
Wed, 11 Sep 2024US$56.3tUS$21.5tUS$1.9t17.5x30.3x2.6x
Fri, 09 Aug 2024US$54.0tUS$21.6tUS$1.9t17.2x29x2.5x
Sun, 07 Jul 2024US$57.5tUS$21.3tUS$1.8t16.6x31.3x2.7x
Tue, 04 Jun 2024US$54.6tUS$21.3tUS$1.8t17.1x29.9x2.6x
Thu, 02 May 2024US$52.3tUS$21.2tUS$1.9t16.7x28.3x2.5x
Sat, 30 Mar 2024US$54.8tUS$21.1tUS$1.8t17.2x29.7x2.6x
Mon, 26 Feb 2024US$52.9tUS$21.0tUS$1.8t16.5x29.4x2.5x
Wed, 24 Jan 2024US$50.7tUS$21.0tUS$1.7t16.7x29.4x2.4x
Fri, 22 Dec 2023US$49.5tUS$21.0tUS$1.8t16.9x28.2x2.4x
Sun, 19 Nov 2023US$47.0tUS$21.0tUS$1.7t15.9x27x2.2x
Tue, 17 Oct 2023US$45.8tUS$21.0tUS$1.7t15.3x26.6x2.2x
Thu, 14 Sep 2023US$47.0tUS$20.9tUS$1.7t15.5x27.4x2.2x
Sat, 12 Aug 2023US$47.5tUS$20.9tUS$1.7t16x27.9x2.3x
Price to Earnings Ratio

27.9x


Total Market Cap: US$47.5tTotal 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 5.8% 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 Market4.85%
Tech9.52%
Consumer Discretionary9.43%
Telecom7.25%
Industrials2.88%
Energy1.66%
Materials1.51%
Financials0.69%
Consumer Staples-1.37%
Healthcare-1.96%
Real Estate-2.29%
Utilities-2.81%
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 19.3%, which is higher than its past year's earnings growth of 15.1% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 17.5x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 22% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Financials sector is expected to see its earnings grow by 8.4% 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
MSFT MicrosoftUS$492.8125.3%
+US$737.4b		-6.6%PE27.4xTech
GOOGL AlphabetUS$377.6513.2%
+US$537.4b		94.0%PE18.9xTelecom
NVDA NVIDIAUS$211.9411.5%
+US$531.2b		18.1%PE32.2xTech
AMZN Amazon.comUS$277.4220.2%
+US$509.0b		29.8%PE22.1xConsumer Discretionary
AVGO BroadcomUS$418.169.8%
+US$177.2b		42.8%PE67.9xTech
See more

Market Insights

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Latest News

MSFT
US$492.81
Microsoft
7D
25.3%
1Y
-6.6%
JNJ
US$254.93
Johnson & Johnson
7D
-4.4%
1Y
49.3%
GOOGL
US$377.65
Alphabet
7D
13.2%
1Y
94.0%
AMD
US$518.58
Advanced Micro Devices
7D
14.1%
1Y
197.5%
AMZN
US$277.42
Amazon.com
7D
20.2%
1Y
29.8%
ABBV
US$243.80
AbbVie
7D
-7.4%
1Y
22.8%
LLY
US$1,115.68
Eli Lilly
7D
-8.6%
1Y
45.7%
AAPL
US$309.38
Apple
7D
-9.0%
1Y
52.5%
WMT
US$111.55
Walmart
7D
-1.4%
1Y
12.3%
SPCX
US$125.33
Space Exploration Technologies
7D
11.4%
1Y
n/a
AVGO
US$418.16
Broadcom
7D
9.8%
1Y
42.8%
NVDA
US$211.94
NVIDIA
7D
11.5%
1Y
18.1%
LIN
US$484.64
Linde
7D
-5.2%
1Y
3.2%
Seeking Alpha • Aug 03

Linde: My 'Not Cheap' Thesis Has Been True Since 2023

Summary Linde plc remains a 'Hold' due to excessive valuation, despite its world-class fundamentals and robust profitability. LIN trades at a 27x-30x P/E, requiring unrealistic growth or sector re-rating to justify current levels and deliver meaningful upside. Recent results show strong margins, cash generation, and backlog, but capital allocation—especially buybacks at high multiples—raises concerns. My fair value is $340/share, with a 15% annualized hurdle; current risk/reward is unattractive until a significant valuation correction. Read the full article on Seeking Alpha
TSLA
US$327.35
Tesla
7D
9.7%
1Y
2.3%
New Narrative • Aug 03

Energy Compounds, Robotaxi Arrives Late, And The Discount Rate Does The Damage

Start from the trough Q2 2026 is the baseline: record revenue of $28.24bn and record deliveries of 480,126, but operating income down 57% to $398m, a 1.4% operating margin, negative free cash flow for the quarter, and $0.33 adjusted EPS against ~$0.53 expected. On a trailing basis Tesla now runs a 4.13% operating margin and a 3.67% profit margin, with $18.69bn of operating cash flow against $12.92bn of capex ($5.76bn of free cash flow) and a net cash position of $27.44bn.
PM
US$186.91
Philip Morris International
7D
-6.6%
1Y
13.9%
UNH
US$407.55
UnitedHealth Group
7D
-5.0%
1Y
62.4%
Narrative Update • Jul 28

UNH: Medicare Reset And AI Efficiency Gains Will Drive Multi Year Margin Recovery

UnitedHealth Group's updated analyst price target framework, which lifts fair value from $424.23 to $475.23, reflects analysts' refreshed models after a stronger Q2, improved visibility on Medicare and Optum Health margin recovery, as well as modestly higher assumptions for revenue growth, profit margins, and target P/E multiples. Analyst Commentary Recent research on UnitedHealth Group clusters around a more constructive view of the company following its Q2 update, while still flagging a few areas that could matter for valuation and execution.