ASIX - Valuation Dashboard: Materials And Energy - 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 is undervalued for 3 valuation factors by 10% to 25% relative to historical averages. It is close to its historical average in profitability measured by median ROE. Paper/Wood and Metals/Mining are moderately overpriced and a bit above their baselines in profitability. Other industries in Energy and Materials are more overvalued. Packaging is the most overpriced combining all valuation metrics, but profitability