KOP - Materials And Energy 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 and oil/gas are underpriced by more than 30% relative to historical averages in 3 valuation ratios. However, they are below the historical average in profitability, especially energy equipment services. Paper/wood and metals/mining look close to fair price and below the profitability baseline. Chemicals are slightly overpriced and fair in profitability. Packaging and construction materials look overpriced. However, the former has