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
Power producers/energy traders is the only attractive industry in utilities. They are slightly overpriced relative to their historical averages in price/earnings, much better in price/sales, and above the historical baseline in profitability. Other industries are close to their profitability baseline, but significantly overpriced relative to their historical averages in both valuation ratios. The iShares U.S. Utilities ETF (IDU) shows a strong