EXI: Industrials Dashboard For September

Summary Sector analysis reveals aerospace/defense and services/distribution as least overvalued, while machinery/conglomerates are most overvalued by 17%. iShares Global Industrials ETF provides global industrials exposure with lower company-specific risk and stronger fundamentals than the U.S.-focused XLI. EXI is less concentrated, cheaper on valuation ratios, and posts higher cash flow growth, though it trails XLI in long-term returns. Nine stocks cheaper than their peers in September. Quantitative Risk & Value members get exclusive access to our real-world portfolio. See all our investments here » primeimages/iStock via Getty Images This monthly article series offers a top-down analysis of the industrial sector based on metrics focusing on value, quality and momentum. It may also help analyze sector ETFs such as the Industrial Select Sector SPDR ETF ( This article was written by Fred Piard 16.52K Followers Follow Fred Piard, PhD. is a quantitative analyst and IT professional with over 30 years of experience working in technology. He is the author of three books and has been investing in data-driven systematic strategies since 2010. Fred runs the investing group Quantitative Risk & Value where he shares a portfolio invested in quality dividend stocks, and companies at the forefront of tech innovation. Fred also supplies market risk indicators, a real estate strategy, a bond strategy, and an income strategy in closed-end funds. Learn more. Analyst’s Disclosure: I/we have a beneficial long position in the shares of LMT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.