The Conglomerates industry today
How the Conglomerates industry stands against its own history and against the 500 largest US companies. We do not say where it goes next.
Close of Friday 6 November 2026 · updated every trading day
10 US companies of $300 million or more · $184B in total
ValuationWe compare today's value with every month since 2006. The usual range holds the middle 40% of those months. The marks show the value 1 month, 1 year and 5 years ago.
Prices against profits, sales and dividends
Price to earnings (P/E)What this measures: the total market value of the companies divided by their total profit of the last 12 months. Companies that lose money count too.
How high are prices against profits?
Higher than usual
High · higher than in 8 of 10 months since 2006
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Last 10 yearsEach point is one month. The dot is today.
Price to sales (P/S)What this measures: the total market value of the companies divided by their total sales of the last 12 months.
How high are prices against sales?
Far higher than usual
High · the highest since 2006
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Last 10 yearsEach point is one month. The dot is today.
Dividend yieldWhat this measures: the dividends of the last 12 months divided by the total market value, in percent. A low yield goes with high prices.
How much do the companies pay in dividends for their price?
Far less than usual
Low · the lowest since 2006
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Last 10 yearsEach point is one month. The dot is today.
Returns
How did the industry do against the 500 largest US companies?
| Period | This industry | 500 largest | Difference |
|---|---|---|---|
| 1 month | +4.1% | −1.4% | 5.5 pts more |
| 1 year | +6.2% | +9.9% | 3.7 pts less |
| 5 years | +28.8% | +65.7% | 36.9 pts less |
Total returns with dividends, weighted by market value, to the close of October 2026. Past results do not show future results.
Largest companies
The three largest companies
- 013M CompanyMMM51.9% of the industry
- 02Honeywell International Inc.HON37.9% of the industry
- 03Valmont Industries, Inc.VMI4.2% of the industry
Show all 10
- 04Graham Holdings CompanyGHC2.7% of the industry
- 05Otter Tail CorporationOTTR1.8% of the industry
- 06Compass DiversifiedCODI0.5% of the industry
- 07Matthews International CorporationMATW0.3% of the industry
- 08Tejon Ranch Co.TRC0.3% of the industry
- 09FTAI Infrastructure Inc.FIP0.2% of the industry
- 10Falcon's Beyond Global, Inc. Class A Common StockFBYD0.2% of the industry
Map
Its companies among the 500 largest
The map shows the industry's companies among the 500 largest US companies: 2 of its 10 companies.
The typical companyThe median of the industry's US companies. We show a figure only when 5 or more companies have it.
The typical company in this industry
- Operating margin10 companies530.0%
- Sales growth over 1 year10 companies60.0%
- Return on invested capital7 companies823.0%