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
Semiconductors and wireless telecom services have 2 valuation metrics out of 3 pointing to underpricing relative to their own historical averages. Moreover, their profitability measured in ROE is above the historical baseline. Combining the 3 valuation ratios reported here, computers/peripherals and communication equipment look moderately overpriced and their profitability is also better than the baseline. Other industries listed in the dashboard look overvalued.