Header cover image

U.S. Market Analysis & Valuation

UpdatedMay 15, 2024
DataAggregated Company Financials
Companies7490
  • 7D1.0%
  • 3M4.8%
  • 1Y27.2%
  • YTD10.0%

The market is up 1.0% in the last 7 days, led by the Information Technology and all sectors gaining ground. The market is up 27% over the last 12 months. Earnings are forecast to grow by 15% annually.

Market Valuation and Performance

Has the U.S. Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 May 2024US$54.2tUS$21.2tUS$1.8t17.5x29.9x2.6x
Fri, 12 Apr 2024US$53.7tUS$21.1tUS$1.8t17x29.1x2.5x
Sun, 10 Mar 2024US$53.4tUS$21.1tUS$1.8t16.5x29x2.5x
Tue, 06 Feb 2024US$51.4tUS$21.0tUS$1.8t16.2x28.9x2.4x
Thu, 04 Jan 2024US$49.4tUS$21.0tUS$1.8t16.8x28.1x2.4x
Sat, 02 Dec 2023US$47.7tUS$21.0tUS$1.8t16.2x27.2x2.3x
Mon, 30 Oct 2023US$43.1tUS$21.0tUS$1.7t14.7x24.9x2.1x
Wed, 27 Sep 2023US$45.0tUS$20.9tUS$1.7t15.3x26.2x2.1x
Fri, 25 Aug 2023US$46.0tUS$20.9tUS$1.7t15.6x26.9x2.2x
Sun, 23 Jul 2023US$48.0tUS$21.0tUS$1.7t15.7x28.7x2.3x
Tue, 20 Jun 2023US$46.7tUS$20.9tUS$1.7t15.2x28.1x2.2x
Thu, 18 May 2023US$44.0tUS$20.9tUS$1.7t14.7x26.5x2.1x
Sat, 15 Apr 2023US$43.6tUS$20.6tUS$1.6t15x26.9x2.1x
Mon, 13 Mar 2023US$41.1tUS$20.6tUS$1.6t14.8x25.2x2x
Wed, 08 Feb 2023US$44.5tUS$20.5tUS$1.7t15.5x26.1x2.2x
Fri, 06 Jan 2023US$40.6tUS$20.5tUS$1.8t14.3x22.6x2x
Sun, 04 Dec 2022US$43.5tUS$20.4tUS$1.8t14.9x24.2x2.1x
Tue, 01 Nov 2022US$41.4tUS$20.2tUS$1.8t14.6x22.8x2.1x
Thu, 29 Sep 2022US$40.2tUS$19.9tUS$1.8t13.9x21.9x2x
Sat, 27 Aug 2022US$44.1tUS$19.8tUS$1.8t15.3x24.1x2.2x
Mon, 25 Jul 2022US$43.1tUS$19.5tUS$1.9t15.1x22.7x2.2x
Wed, 22 Jun 2022US$41.6tUS$19.4tUS$1.9t14.4x21.7x2.1x
Fri, 20 May 2022US$42.7tUS$19.4tUS$1.9t15.5x22.3x2.2x
Sun, 17 Apr 2022US$48.8tUS$18.8tUS$1.9t16.9x25.4x2.6x
Tue, 15 Mar 2022US$46.3tUS$18.9tUS$1.9t15.5x23.8x2.5x
Thu, 10 Feb 2022US$51.7tUS$18.7tUS$1.9t16.5x27.4x2.8x
Sat, 08 Jan 2022US$52.8tUS$18.3tUS$1.7t17.3x30.3x2.9x
Mon, 06 Dec 2021US$51.8tUS$18.2tUS$1.7t16.8x29.6x2.8x
Wed, 03 Nov 2021US$53.3tUS$17.8tUS$1.7t18.1x31x3x
Fri, 01 Oct 2021US$50.5tUS$17.4tUS$1.6t17.6x31.4x2.9x
Sun, 29 Aug 2021US$52.2tUS$17.3tUS$1.6t17.4x32.7x3x
Mon, 05 Jul 2021US$50.5tUS$17.2tUS$1.6t17.5x32.1x2.9x
Price to Earnings Ratio

38.5x


Total Market Cap: US$48.7tTotal Earnings: US$1.3tTotal Revenue: US$16.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Market Price to Earnings3Y Average 27.3x202220232024
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 27.3x.
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 9.0% 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 Market1.01%
Utilities2.44%
Real Estate1.93%
Tech1.62%
Financials1.46%
Materials1.37%
Industrials0.69%
Healthcare0.53%
Consumer Staples0.52%
Energy0.39%
Telecom0.32%
Consumer Discretionary0.17%
Sector PE
  • Investors favour the Healthcare sector the most for future growth, which is trading above its 3-year average PE ratio of 51.9x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.5%, which is higher than its past year's earnings growth of 3.2% per year.
  • 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 7.0x.
Forecasted Growth
  • Analysts are most optimistic on the Healthcare sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 3.2% per year.
  • In contrast, the Energy sector is expected to see its earnings grow by 6.5% 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
AAPL AppleUS$187.432.8%
+US$77.1b
8.9%PE28.6xTech
MSFT MicrosoftUS$416.561.8%
+US$53.7b
33.6%PE35.9xTech
AVGO BroadcomUS$1.38k5.9%
+US$35.6b
115.1%PE55.2xTech
JPM JPMorgan ChaseUS$201.515.1%
+US$28.0b
50.0%PB1.9xFinancials
NVDA NVIDIAUS$913.560.9%
+US$19.7b
212.7%PE75.6xTech
See more
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Market Insights

Recently, we covered the solar and wind industries, which are both currently facing several challenges. While investors have grown somewhat disillusioned with wind and solar, there seems to be growing optimism around another power source: nuclear energy...

Latest News

MSFT

US$416.56

Microsoft

7D

1.8%

1Y

33.6%

ANET

US$313.66

Arista Networks

7D

14.5%

1Y

130.4%

SHOP

US$58.03

Shopify

7D

-24.7%

1Y

-3.5%

JPM

US$201.51

JPMorgan Chase

7D

5.1%

1Y

50.0%

UNH

US$513.88

UnitedHealth Group

7D

2.6%

1Y

7.1%

LLY

US$763.98

Eli Lilly

7D

-1.8%

1Y

75.0%

ADBE

US$475.95

Adobe

7D

-3.3%

1Y

37.9%

AAPL

US$187.43

Apple

7D

2.8%

1Y

8.9%