RYAM - 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
Energy equipment services, oil/gas and metals/mining are significantly underpriced regarding historical averages of the 3 valuation metrics reported hereafter. Energy equipment/services is far below the historical average in profitability measured by return on equity, whereas metals/mining is above it. Paper/wood also looks underpriced and over the profitability baseline by a wide margin, but the price/sales ratio is not so good. Chemicals are