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U.S. Market Analysis & Valuation

UpdatedMay 28, 2026
DataAggregated Company Financials
Companies7809
  • 7D1.3%
  • 3M8.5%
  • 1Y27.7%
  • YTD9.3%

The market is up 1.3% over the last week, with the Information Technology sector leading the way, up 2.4%. On the other hand, with a decline of 4.9%, the Energy sector is lagging behind. The market is up 28% over the last 12 months. As for the next few years, earnings are expected to grow by 17% 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
Thu, 28 May 2026US$73.8tUS$24.2tUS$2.5t18.9x30x3x
Sat, 25 Apr 2026US$70.3tUS$23.8tUS$2.3t19.5x30.3x3x
Mon, 23 Mar 2026US$68.2tUS$23.7tUS$2.3t18.1x29.6x2.9x
Wed, 18 Feb 2026US$71.9tUS$23.6tUS$2.3t19.4x31.5x3x
Fri, 16 Jan 2026US$73.0tUS$23.2tUS$2.3t19.5x31.9x3.2x
Sun, 14 Dec 2025US$71.8tUS$23.1tUS$2.3t19.1x31.4x3.1x
Tue, 11 Nov 2025US$71.0tUS$23.1tUS$2.3t18.2x31.3x3.1x
Thu, 09 Oct 2025US$70.9tUS$22.9tUS$2.2t19.1x32.4x3.1x
Sat, 06 Sep 2025US$68.3tUS$22.9tUS$2.2t19.1x31.3x3x
Mon, 04 Aug 2025US$65.2tUS$22.7tUS$2.1t18x30.4x2.9x
Wed, 02 Jul 2025US$64.4tUS$22.5tUS$2.1t18.2x30.7x2.9x
Fri, 30 May 2025US$61.5tUS$22.4tUS$2.1t17.8x29.3x2.7x
Sun, 27 Apr 2025US$57.3tUS$22.0tUS$2.1t16.9x27.3x2.6x
Tue, 25 Mar 2025US$59.2tUS$21.9tUS$2.0t17.8x28.9x2.7x
Thu, 20 Feb 2025US$64.5tUS$21.9tUS$2.0t18.6x31.6x3x
Sat, 18 Jan 2025US$62.7tUS$22.1tUS$2.0t18.9x31.9x2.8x
Mon, 16 Dec 2024US$63.7tUS$22.0tUS$1.9t19.1x33x2.9x
Wed, 13 Nov 2024US$62.9tUS$21.9tUS$1.9t19.1x33.3x2.9x
Fri, 11 Oct 2024US$60.0tUS$21.6tUS$1.9t18.1x32.2x2.8x
Sun, 08 Sep 2024US$55.7tUS$21.6tUS$1.9t17.5x30x2.6x
Tue, 06 Aug 2024US$55.4tUS$21.5tUS$1.9t17x29.6x2.6x
Thu, 04 Jul 2024US$57.3tUS$21.3tUS$1.8t16.8x31.2x2.7x
Sat, 01 Jun 2024US$54.2tUS$21.3tUS$1.8t17.3x29.7x2.6x
Mon, 29 Apr 2024US$53.1tUS$21.2tUS$1.8t16.7x28.8x2.5x
Wed, 27 Mar 2024US$54.3tUS$21.1tUS$1.8t16.8x29.4x2.6x
Fri, 23 Feb 2024US$51.9tUS$21.1tUS$1.8t16.4x28.8x2.5x
Sun, 21 Jan 2024US$50.2tUS$21.0tUS$1.7t16.6x28.9x2.4x
Tue, 19 Dec 2023US$49.7tUS$21.0tUS$1.8t16.7x28.3x2.4x
Thu, 16 Nov 2023US$47.0tUS$21.0tUS$1.7t15.9x27.1x2.2x
Sat, 14 Oct 2023US$45.4tUS$21.0tUS$1.7t15.1x26.3x2.2x
Mon, 11 Sep 2023US$46.7tUS$20.9tUS$1.7t15.6x27.2x2.2x
Wed, 09 Aug 2023US$47.9tUS$20.9tUS$1.7t16.1x28.2x2.3x
Fri, 07 Jul 2023US$46.5tUS$21.0tUS$1.7t15.3x28x2.2x
Sun, 04 Jun 2023US$45.3tUS$21.0tUS$1.7t14.8x27.2x2.2x
Price to Earnings Ratio

27.2x


Total Market Cap: US$45.3tTotal Earnings: US$1.7tTotal Revenue: US$21.0tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 30x202420252026
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 30.0x.
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 Market1.27%
Materials3.14%
Consumer Discretionary2.95%
Industrials2.40%
Tech2.38%
Utilities1.44%
Telecom1.24%
Healthcare0.96%
Real Estate0.41%
Financials-0.40%
Consumer Staples-3.13%
Energy-4.95%
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 17.9%, which is higher than its past year's earnings growth of 12.6% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 17.7x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Real Estate sector is expected to see its earnings grow by 7.7% 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$928.4126.8%
+US$221.5b		865.3%PE43.4xTech
AAPL AppleUS$310.852.8%
+US$126.3b		55.1%PE37.2xTech
TSLA TeslaUS$440.365.5%
+US$86.8b		23.4%PE428.2xConsumer Discretionary
AMD Advanced Micro DevicesUS$495.5410.7%
+US$78.2b		339.1%PE163.8xTech
META Meta PlatformsUS$635.265.0%
+US$76.6b		-1.3%PE22.8xTelecom
See more

Market Insights

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MU
US$928.41
Micron Technology
7D
26.8%
1Y
865.3%
META
US$635.26
Meta Platforms
7D
5.0%
1Y
-1.3%
ARM
US$302.71
Arm Holdings
7D
17.9%
1Y
123.3%
WMT
US$118.54
Walmart
7D
-9.4%
1Y
21.9%
AAPL
US$310.85
Apple
7D
2.8%
1Y
55.1%
NVDA
US$212.60
NVIDIA
7D
-4.9%
1Y
57.7%
XOM
US$147.90
Exxon Mobil
7D
-5.4%
1Y
44.8%
LLY
US$1,082.92
Eli Lilly
7D
6.3%
1Y
50.5%
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CVX
US$182.40
Chevron
7D
-4.7%
1Y
34.1%
MSFT
US$412.67
Microsoft
7D
-2.0%
1Y
-9.8%
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Microsoft: The $190B AI Infrastructure Trap Implies 20% Downside

Summary Microsoft faces significant risks from rising CapEx, AI competition, and margin compression, making current share prices unattractive for new investment. A thorough analysis of these risks, including their likelihood and impact, helps determine the true value of MSFT. Record CapEx—projected at $190 billion by 2026—risks an 'infrastructure trap,' with rapid asset obsolescence, declining ROIC, and potential overbuilding reminiscent of the Cisco scenario. I maintain a 'Sell' rating on MSFT, targeting a 20% correction to the $300–$350 range before considering long-term positions. Read the full article on Seeking Alpha
AMZN
US$271.85
Amazon.com
7D
2.6%
1Y
32.8%
TSLA
US$440.36
Tesla
7D
5.5%
1Y
23.4%
AMD
US$495.54
Advanced Micro Devices
7D
10.7%
1Y
339.1%
INTU
US$307.73
Intuit
7D
-19.8%
1Y
-59.2%
PDD
US$86.61
PDD Holdings
7D
-11.8%
1Y
-11.5%
COST
US$1,003.69
Costco Wholesale
7D
-6.5%
1Y
-0.9%