Valuation Temperature, 2026-08
As of 2026-08, the cheapest U.S. stock sub-industry by PEG is Renewable Electricity at 0.4×, versus a market median of 1.45×.
Each month this reading shows where U.S. stock sub-industries sit on valuation: the cheapest by PEG, and the ones trading richest against their own history. The figures are aggregate only. The cheapest-by-PEG list is drawn from 1,035 stocks across 117 sub-industries, with a minimum of 2 names each. The richest-vs-history list is drawn from 944 stocks across 92 sub-industries, with a minimum of 4 names each.
Cheapest U.S. stock sub-industries by PEG
| Sub-industry | Median PEG | Fwd growth |
|---|---|---|
| Renewable Electricity | 0.4× | 57.4% |
| Oil & Gas Refining & Marketing | 0.4× | 28.9% |
| Diversified Financial Services | 0.43× | 17.1% |
| Passenger Airlines | 0.46× | 26.4% |
| Aluminum | 0.51× | 24.8% |
| Advertising | 0.62× | 23.2% |
| Independent Power Producers & Energy Traders | 0.62× | 48.7% |
| Automobile Manufacturers | 0.65× | 14.2% |
| Broadcasting | 0.65× | 124.0% |
| Consumer Finance | 0.68× | 19.2% |
Trading richest vs their own history
| Sub-industry | Above normal P/E |
|---|---|
| Electronic Manufacturing Services | +128.7% |
| Electronic Components | +116.4% |
| Semiconductor Materials & Equipment | +109.2% |
| Cargo Ground Transportation | +60.1% |
| Aerospace & Defense | +58.0% |
| Independent Power Producers & Energy Traders | +50.1% |
| Steel | +49.7% |
| Marine Transportation | +49.2% |
| Semiconductors | +47.8% |
| Technology Hardware Storage & Peripherals | +45.5% |
The average stock against the index
A single index ratio cannot show whether the market is expensive everywhere or expensive in a few very large companies. Measuring each company against its own history separates the two. The median covers 1,145 companies; the size-weighted rows cover the 493 whose market value we can place.
| Read | Above or below norm |
|---|---|
| Median stock | -6.5% |
| Weighted by company size | +13.2% |
| Fifty largest companies | +19.1% |
Methodology: see the documentation.
How to cite this
tickerseer, “Valuation Temperature, 2026-08”, https://tickerseer.com/reports/valuation-temperature