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U.S. Market Analysis & Valuation

UpdatedDec 27, 2025
DataAggregated Company Financials
Companies7852
  • 7D1.2%
  • 3M3.4%
  • 1Y15.8%
  • YTD17.4%

The market is up 1.2% over the last week, with the Information Technology sector leading the way, up 1.6%. In the last year, the market has climbed 16%. Looking forward, earnings are forecast to grow by 16% 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
Sat, 27 Dec 2025US$72.8tUS$23.2tUS$2.3t19.2x31.8x3.1x
Mon, 24 Nov 2025US$68.9tUS$23.1tUS$2.3t18.1x30.2x3x
Wed, 22 Oct 2025US$71.1tUS$22.7tUS$2.2t18.9x32.3x3.1x
Fri, 19 Sep 2025US$70.0tUS$22.9tUS$2.2t19.3x32x3.1x
Sun, 17 Aug 2025US$67.5tUS$23.0tUS$2.2t18.8x31.3x2.9x
Tue, 15 Jul 2025US$65.3tUS$22.5tUS$2.1t18.7x31.1x2.9x
Thu, 12 Jun 2025US$63.1tUS$22.5tUS$2.1t18.1x30x2.8x
Sat, 10 May 2025US$59.0tUS$22.4tUS$2.1t17.5x28.2x2.6x
Mon, 07 Apr 2025US$52.5tUS$21.9tUS$2.1t16.1x25.6x2.4x
Wed, 05 Mar 2025US$61.0tUS$21.9tUS$2.0t17.5x29.9x2.8x
Fri, 31 Jan 2025US$63.8tUS$22.1tUS$2.0t18.9x31.9x2.9x
Sun, 29 Dec 2024US$62.6tUS$22.0tUS$1.9t18.3x32.4x2.8x
Tue, 26 Nov 2024US$62.6tUS$22.0tUS$1.9t19.7x32.5x2.8x
Thu, 24 Oct 2024US$60.6tUS$21.6tUS$1.9t18.2x32.5x2.8x
Sat, 21 Sep 2024US$59.2tUS$21.5tUS$1.9t18.2x31.8x2.7x
Mon, 19 Aug 2024US$57.4tUS$21.5tUS$1.8t17.9x31.1x2.7x
Wed, 17 Jul 2024US$58.5tUS$21.3tUS$1.8t18.1x31.7x2.7x
Fri, 14 Jun 2024US$56.3tUS$21.3tUS$1.8t16.8x30.6x2.6x
Sun, 12 May 2024US$54.2tUS$21.2tUS$1.8t17.4x29.9x2.6x
Tue, 09 Apr 2024US$54.2tUS$21.1tUS$1.8t17.4x29.4x2.6x
Thu, 07 Mar 2024US$52.9tUS$21.1tUS$1.8t16.4x28.7x2.5x
Sat, 03 Feb 2024US$51.6tUS$21.1tUS$1.8t17x29.2x2.4x
Mon, 01 Jan 2024US$50.3tUS$21.0tUS$1.8t16.9x28.6x2.4x
Wed, 29 Nov 2023US$47.5tUS$21.1tUS$1.8t15.8x27.1x2.3x
Fri, 27 Oct 2023US$43.4tUS$21.0tUS$1.7t14.8x24.9x2.1x
Sun, 24 Sep 2023US$45.5tUS$20.9tUS$1.7t15.4x26.5x2.2x
Tue, 22 Aug 2023US$45.9tUS$20.9tUS$1.7t15.7x26.9x2.2x
Thu, 20 Jul 2023US$48.5tUS$21.0tUS$1.7t15.8x28.9x2.3x
Sat, 17 Jun 2023US$46.7tUS$21.0tUS$1.7t15.2x28.1x2.2x
Mon, 15 May 2023US$43.2tUS$21.0tUS$1.7t14.4x26x2.1x
Wed, 12 Apr 2023US$43.4tUS$20.6tUS$1.6t15.1x26.8x2.1x
Fri, 10 Mar 2023US$41.8tUS$20.6tUS$1.6t15x25.7x2x
Sun, 05 Feb 2023US$44.5tUS$20.5tUS$1.7t15.5x25.5x2.2x
Tue, 03 Jan 2023US$40.9tUS$20.5tUS$1.8t14.3x22.7x2x
Price to Earnings Ratio

22.7x


Total Market Cap: US$40.9tTotal Earnings: US$1.8tTotal Revenue: US$20.5tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 29.2x20242025
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 29.2x.
Past Earnings Growth
  • The earnings for American listed companies have grown 8.4% 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 Market1.24%
Materials2.67%
Tech1.57%
Telecom1.45%
Financials1.39%
Industrials1.15%
Utilities1.07%
Real Estate1.05%
Healthcare1.04%
Energy0.92%
Consumer Discretionary0.72%
Consumer Staples-0.56%
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 (17.2%) 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 12.6x.
Forecasted Growth
  • Analysts are most optimistic on the Consumer Discretionary sector, expecting annual earnings growth of 21% 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
NVDA NVIDIAUS$190.535.3%
+US$231.8b		39.1%PE46.7xTech
GOOGL AlphabetUS$313.512.1%
+US$76.6b		62.6%PE30.4xTelecom
AVGO BroadcomUS$352.133.5%
+US$55.8b		45.7%PE72.2xTech
AMZN Amazon.comUS$232.522.3%
+US$55.3b		3.9%PE32.5xConsumer Discretionary
JPM JPMorgan ChaseUS$327.913.4%
+US$29.1b		36.0%PB2.6xFinancials
See more

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ORCL
US$197.99
Oracle
7D
3.1%
1Y
17.2%
AVGO
US$352.13
Broadcom
7D
3.5%
1Y
45.7%
MRK
US$106.78
Merck
7D
5.6%
1Y
7.1%

MRK: Cidara Flu Deal Will Likely Expose Overstated Long Term Expectations

Analysts have nudged their fair value estimate for Merck higher, lifting the price target by $1 to $83 as they factor in stronger revenue growth, improved profit margins, and a lower future P/E multiple supported by recent positive research initiations and deal activity. Analyst Commentary Street research around Merck has turned more constructive in recent weeks, with several firms highlighting an improving growth outlook and a more attractive risk reward profile.
PEP
US$143.78
PepsiCo
7D
-3.0%
1Y
-6.0%

PEP: Mixed Ratings And FY25 EPS Outlook Will Guide Near-Term Risk Reward

We are modestly raising our PepsiCo fair value estimate by approximately $1.50 per share to $155.91, as analysts balance recent target cuts and rating downgrades with solid Q3 execution, a slightly improved long term margin outlook, and support from resilient earnings growth expectations. Analyst Commentary Street research following the Q3 update reflects a mixed but generally balanced view on PepsiCo, with modest target cuts offset by at least one notable upgrade and recognition of resilient earnings power.
GOOGL
US$313.51
Alphabet
7D
2.1%
1Y
62.6%
SBUX
US$85.08
Starbucks
7D
-3.7%
1Y
-7.8%

SBUX: Extended Turnaround Efforts Will Likely Pressure Margins And Share Price

Analysts have trimmed their average price target on Starbucks by about $10 per share to roughly $100, citing slower revenue growth and margin pressure in a tougher macro environment, even as traffic trends and turnaround initiatives show early signs of improvement. Analyst Commentary Bearish analysts have increasingly framed the recent pullback in Starbucks' valuation as a recognition that execution on its turnaround and growth ambitions is likely to take longer than previously expected.
MCD
US$310.68
McDonald's
7D
-1.6%
1Y
5.8%

MCD: Value Strategy And Cost Tailwinds Will Balance Consumer Traffic Risks

Analysts have nudged their price target on McDonald's slightly higher to $331.20. This reflects modest improvements in projected revenue growth and profit margins, even as they remain cautious about the company's value focus amid ongoing pressure on lower income consumers.
WMT
US$111.74
Walmart
7D
-2.3%
1Y
21.9%
JPM
US$327.91
JPMorgan Chase
7D
3.4%
1Y
36.0%

JPM: Strong ROTCE And Loan Growth Are Expected To Drive Upside

Analysts have raised their fair value estimate for JPMorgan Chase to $375 from $350. This reflects increased confidence in stronger revenue growth, resilient profitability, and sustained post-earnings momentum that supports higher price targets across the Street.
MU
US$284.79
Micron Technology
7D
7.1%
1Y
221.3%
NVDA
US$190.53
NVIDIA
7D
5.3%
1Y
39.1%
PLTR
US$188.71
Palantir Technologies
7D
-2.4%
1Y
138.6%
AAPL
US$273.40
Apple
7D
-0.1%
1Y
7.0%
TSLA
US$475.19
Tesla
7D
-1.2%
1Y
10.1%

TSLA: AI And Autonomy Focus Will Deepen Risks From Weakening Core Demand

Analysts have modestly trimmed their Tesla price target to approximately $391 per share, reflecting slightly higher discount rates and marginally lower long term growth and margin assumptions, even as they continue to see meaningful upside from AI, autonomy and energy storage over time. Analyst Commentary Recent Street research on Tesla reflects a wide dispersion of views, with some firms leaning into the company’s AI and robotics optionality while others remain focused on execution risk in the core auto and capital intensity of the growth agenda.
AMZN
US$232.52
Amazon.com
7D
2.3%
1Y
3.9%

AMZN: Expanding AI Cloud Partnerships Will Drive AWS-Led Outperformance Ahead

Analysts nudged their Amazon.com price target slightly higher to approximately $295.53 from about $294.65, citing a modestly lower perceived risk profile and incremental improvements in long term growth and margin assumptions, supported by accelerating AWS momentum, expanding AI partnerships, and resilient retail trends. Analyst Commentary Bullish analysts highlight that the near term setup into the holiday season remains favorable, with Amazon positioned to gain further online share even as overall U.S. e commerce growth moderates.
ARM
US$110.27
Arm Holdings
7D
-3.3%
1Y
-14.7%

ARM Risks Mount As AI-Driven Royalties May Not Justify Premium Multiple

We raise our fair value estimate for Arm Holdings to approximately $99 per share from about $86, reflecting analysts' higher price targets driven by solid earnings beats, accelerating licensing and AI related royalty growth, and improved long term revenue and multiple assumptions, despite a modestly higher discount rate and slightly lower profit margin outlook. Analyst Commentary Recent Street research on Arm reflects a generally constructive outlook on earnings power and artificial intelligence related optionality, but it also highlights areas of caution that could pressure the stock's premium valuation if execution falters.