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, metals/mining and paper/wood are underpriced regarding historical averages. Among them, only paper/wood is better than its historical baseline in profitability (measured by ROE). Chemicals look close to fair price and above the profitability baseline. Packaging is significantly overpriced, but it is the best in profitability metric, which may partly justify overpricing. The less attractive industry in these 2