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 2Vendored from anthropics/financial-services @ main (2026-05-17)
 3Upstream: plugins/vertical-plugins/equity-research/skills/sector-overview/SKILL.md
 4Synthesised from upstream's six-step framework — original came back paraphrased.
 5-->
 6
 7# Sector overview — skill guidance
 8
 9Use when the analyst asks for an industry landscape brief — market size,
10growth, structure, competitive dynamics, valuation context.
11
12## The six steps
13
141. **Scope.** Confirm sector definition, depth (one industry vs.
15   multi-segment), analytical angle (entry strategy, M&A target, theme),
16   and time horizon.
172. **Market size & growth.** TAM with sourcing, historical and forecasted
18   CAGR, segmentation. Cite the research firm or the methodology — never
19   ship a TAM figure without a source.
203. **Competitive landscape.** Profile the top 5–10 players: revenue,
21   growth, margins, share, key differentiators. Comparison table.
224. **Valuation context.** Sector trading multiples (EV/Sales, EV/EBITDA,
23   P/E), M&A transaction multiples for recent deals.
245. **Trends & catalysts.** What's changed in the last 12-24 months, what's
25   coming in the next 12-24 months.
266. **Synthesis.** Tie the sector's outlook to the angle the analyst asked
27   for — be specific about which sub-segments / names benefit.
28
29## Critical guidelines
30
31- **Source all market-size data.** Cite the research firm or methodology.
32- **Distinguish TAM hype from realistic addressable market.** Note
33  assumptions (penetration rate, ARPU, etc.).
34- **Sector overviews age fast.** Timestamp the analysis and flag data that
35  may be stale.
36- **Tailor to the situation.** "Entering this market" needs different
37  emphasis than "valuing a player in it" — ask if the angle isn't clear.
38
39## MAF source mapping
40
41- TAM / growth: `web_search` (analyst-published estimates) + `fred_api`
42  (macro framing).
43- Players: `web_search` + `sec_filings` (10-K business descriptions).
44- Multiples: `trtools2_api` (snapshot per ticker for the peer set).
45- News / catalysts: `trtools2_news` (recent), `fomo2_knowledge` (graph
46  context).