HCC - 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 40% relative to their historical averages in three valuation metrics. However, energy equipment services is far below the historical average in profitability. The paper/wood and metals/mining industries may be slightly underpriced regarding the same metrics, but they are also below the profitability baseline. Chemicals are slightly overpriced. Packaging and construction materials are