INPAP - 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
The oil and gas industry is the most attractive one in these 2 sectors according to our metrics. It is underpriced by more than 30% relative to historical averages in 3 valuation ratios, and profitability is close to the historical baseline. Energy equipment services is also underpriced, but profitability looks very bad. Paper/wood, metals/mining, and chemicals are moderately overpriced. Metals are significantly