HP - Energy And Materials Dashboard - Update
This article series provides a monthly dashboard of industries in each sector of the GICS classification. It compares valuation and quality factors relative to their historical averages in each industry.
Executive summary
Integrated oil/gas and energy equipment/services look slightly underpriced relative to historical averages. The former group is very close below its historical average in profitability measured by median ROE, but the latter is far below. Paper/wood and metals/mining also look undervalued and both are above their baselines in profitability. Other industries in energy and materials are overpriced. Packaging is the most overpriced combining