Between film sets and theater stages, Pamela Anderson still makes time to get her hands dirty. The actress is currently in the midst of a critically acclaimed career renaissance with starring roles in The Last Showgirl and Naked Gun, plus a slate…
23 October 2025 – At the end of Q3’25, global PE deal volume was $1.5 trillion — on pace to reach a four-year high should investment remain steady through Q4’25. The buoyant investment is notable given the significant decline indeal volume — from 15,083 deals in the first three quarters of 2024 to 13,574 in the first three quarters of 2025.
After some pullback in PE investment in Q2’25 — driven largely by geopolitical tensions and uncertainties related to US tariffs — Q3’25 saw global PE investment reach $537.1 billion according to KPMG’s Q3’25 Pulse of Private Equity. The buoyant deal value was helped significantly by three very large public-to-private transactions in the US: Electronic Arts ($54.6 billion), Air Lease ($28.2 billion), and Dayforce ($12.4 billion).
The Americas accounted for 60% of global PE value in Q3’25 ($322.9 billion), and just under half of the total number of deals (1,977). Of this total, the US accounted for $300.2 billion across 1,971 deals. The EMA region came a distant second—with $178.3 billion in PE investment across 1,736 deals during Q3’25, led by the $7.7 billion buyout of UK-based Pension Insurance Corporation — while Asia saw $30.6 billion in PE investment across 253 deals — led by the $2.1 billion buyout of Australia-based Insignia Financial.
At a sector level, the TMT sector attracted the largest share of PE investment globally in the first three quarters of 2025 ($469 billion), although the level of investment was tracking well shy of the $647.3 billion seen in 2024. Meanwhile, PE investment in the infrastructure and transportation space was already $126.3 billion at the end of Q3’25 — far ahead of the $99.4 billion and $98.7 billion seen during 2023 and 2024 respectively.
The designers of a cryptocurrency launched by the US first lady, Melania Trump, in January were accused in court filings on Tuesday of orchestrating a pump-and-dump scheme.
The $MELANIA coins were released for just a few cents each on 19 January, the day before Donald Trump was inaugurated as US president. In addition to $MELANIA, Donald Trump launched $TRUMP a few hours before his inauguration.
Within hours, the $MELANIA coin’s price soared to $13.73.
However, it then collapsed almost as quickly, and is now only worth about 10 cents – less than 1% of its peak price. $TRUMP traded at a peak of $45.47 and now goes for $5.79, according to Coin Market Cap.
The plaintiffs say the coin’s creators organized the operation knowing that the digital currency’s value would plummet.
Melania Trump herself is not named in the lawsuit. The plaintiffs said they did not believe she was “culpable”, but accused the crypto companies of using her and other familiar faces as “window dressing” for their crimes.
In newly filed court papers, investors accuse the executives of the Meteora cryptocurrency exchange platform, on which $MELANIA was initially traded, of setting up a scheme that allowed them to indirectly purchase large quantities of the virtual coin.
Their accomplices then quickly resold these digital currencies, pocketing substantial profits while causing the price to plummet, according to documents filed on Tuesday in Manhattan federal court.
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The allegations concerning $MELANIA have been added to legal proceedings involving several other cryptocurrencies, which began in April. Meteora did not immediately respond to a request for comment.
The Trump family has pocketed more than $1bn in pre-tax profits from several cryptocurrency-related products and companies over the past 12 months, the Financial Times reported last week.
A new study led by Flinders University has found that being exposed to bright light at night can significantly increase the chances of developing serious heart problems, including heart attacks, strokes and heart failure.
Mr. Ramesh Rajasingham, Director of OCHA’s Humanitarian Sector Division, on behalf of Mr. Tom Fletcher, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator – Briefing to the Security Council on the humanitarian…
Researchers from the Chinese Academy of Sciences have identified rare traces of meteorites in lunar soil samples brought back to Earth by the Chang’e-6 mission, according to a report by
CGTN, a partner of TV BRICS.
Even a slow-growing sector can include rapidly growing companies that are putting up big numbers
Robinhood is expected to increase revenue at a compound annual growth rate of 15.5% from 2025 through 2027, based on consensus estimates among analysts polled by LSEG. But investors seem to have higher expectations based on the stock’s valuation and the company’s annualized revenue-growth rate of 47.4% from 2022 through 2024.
No doubt you have gotten used to the flow of warnings about how expensive the S&P 500 has become. But there are always sectors that trade at low valuations to the full U.S. large-cap benchmark index.
The cheaper sectors reflect investors’ and analysts’ expectations for slower growth than what they expect to continue to see in the information-technology sector. But even in lower-valued sectors there are companies expected to put up big numbers over the next two years.
We are going to screen the three sectors of the S&P 500 that are least expensive based on a commonly used valuation measure. First let’s look at the 11 sectors of the S&P 500 SPX. Here they are, sorted by ascending forward price/earnings ratios, with the full index at the bottom.
Sector or index Forward P/E Forward P/E to 10-year average Two-year estimated revenue CAGR through 2027 Two-year estimated EPS CAGR through 2027
Energy 14.8 64% 2.4% 17.5%
Financial 16.2 119% 5.8% 11.2%
Healthcare 17.1 105% 5.7% 11.0%
Materials 19.3 110% 5.0% 16.5%
Utilities 19.8 111% 5.2% 8.9%
Communication Services 21.2 126% 7.5% 10.4%
Consumer Staples 21.4 108% 4.4% 7.5%
Industrials 23.9 126% 6.3% 16.0%
Consumer Discretionary 28.5 118% 6.7% 14.4%
Information Technology 29.6 134% 12.7% 19.5%
Real Estate 36.4 90% 6.9% 11.2%
S&P 500 Index 22.7 121% 6.5% 13.9%
Source: LSEG
You might need to scroll the table or flip your screen to landscape to see all of the columns in the table.
The forward price/earnings ratios are based on Wednesday’s closing prices for stocks and consensus 12-month earnings-per-share estimates for companies among analysts polled by LSEG, weighted by market capitalization. The second data column shows the current P/E valuations relative to 10-year average valuations, based on rolling stock prices and 12-month EPS estimates. So the full S&P 500 is trading at a 21% premium to its 10-year average valuation.
In fact, all sectors of the S&P 500 are trading at premium valuations to their 10-year average P/E, except for the energy and real-estate sectors, according to LSEG’s data.
Among the three least expensive sectors based on current forward P/E, the financial sector may appear pricey, since it is trading at a 19% premium to its 10-year average P/E, but it is still the second-cheapest sector based on current P/E. On this basis, the financial sector trades at 71% of the valuation of the full S&P 500. Over the long term, this level of discount for the financial sector to the full index has been typical.
The right-most columns of the table show projected compound annual growth rates (CAGR) for revenue and EPS. The three cheapest sectors by forward P/E (energy, financials and healthcare) all have projected revenue CAGR from 2025 through 2027 lower than the full S&P 500’s projected 6.5%. The energy sector’s projected EPS CAGR of 17.5% exceeds the full index’s projected EPS CAGR of 13.9%. These are both attractive figures and reflect expectations for continuing improvements in efficiency and profit margins. Oil and natural-gas producers in the energy sector have shown discipline during the years following the decline in oil prices form mid-2014 through early 2016 – a period during which U.S. producers suffered in the wake of high production that softened prices. In more recent years, the U.S. oil and gas producers have been careful not to expand production quickly and have focused on increasing dividends to shareholders and on stock buybacks. Reduced share counts resulting from the buybacks boost EPS, and the projected EPS CAGR shows analysts expect this action to continue.
The rapid growth of sales and earnings for the largest technology companies in the S&P 500 has increased the index’s weighting toward a small number of stocks. Success is rewarded in an index weighted by market capitalization, but this has also led to a high level of concentration.
The S&P 500 is now 39.9% concentrated in its largest 10 companies, according to analysts at Ned Davis Research. That is close to the peak concentration of 40.3% in September, which was the highest concentration for the S&P 500 since at least 1972.
Some investors might not realize how much of their portfolios are focused on Big Tech. The $677 billion SPDR S&P 500 ETF Trust SPY tracks the S&P 500 by holding all of its stocks. The ETF is 29.5% concentrated in five companies: Nvidia Corp. (NVDA), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Alphabet Inc. (GOOGL) (GOOG) and Amazon.com Inc. (AMZN).
Screening the cheapest sectors of the S&P 500 for growth stocks
There are index funds tracking each of the sectors of the S&P 500. Among exchange-traded funds, the three sectors we are screening are tracked by the Energy Select SPDR ETF XLE, the Financial Select SPDR ETF XLF and the Health Care Select SPDR ETF XLV. But you might also want to drill down into individual stocks.
To screen these sectors, we combined the S&P 500 energy, financial and healthcare sectors for a list of 157 stocks. Then we cut the list to 151 companies covered by at least five analysts polled by LSEG, and for which consensus revenue and positive EPS estimates were available from the calendar year 2025 through calendar 2027. We used calendar-year estimates as adjusted by LSEG if necessary for companies whose fiscal years don’t match the calendar.
Among the 151 remaining companies in the energy, financial and healthcare sectors, these 10 have the highest projected revenue CAGR from 2025 through 2027 based on consensus estimates among analysts polled by LSEG:
Company Ticker Two-year estimated revenue CAGR through 2027 Two-year estimated EPS CAGR through 2027 Forward P/E
Blackstone Inc. BX 26.1% 27.2% 25.8
KKR & Co. KKR 24.4% 26.1% 19.0
Insulet Corp. PODD 17.7% 24.7% 57.7
Apollo Global Management Inc. APO 17.2% 19.1% 14.2
Eli Lilly & Co. LLY 17.1% 27.6% 27.6
Fifth Third Bancorp FITB 16.9% 16.2% 11.4
Brown & Brown Inc. BRO 15.8% 11.5% 18.9
Robinhood Markets Inc. HOOD 15.5% 17.6% 61.5
Arthur J. Gallagher & Co. AJG 15.4% 17.4% 20.9
Dexcom Inc. DXCM 14.7% 22.9% 28.0
Source: LSEG
No companies in the energy sector made the list.
All of these companies have projected revenue CAGR more than twice the 6.5% projection for the S&P 500. For EPS, all but Brown & Brown have higher CAGR projections than the S&P 500’s 13.9%.
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