Python: create and assign material to each display flagged object based on name of object

[anicg]

I'd like to create and assign materials using the object names, for objects that have the display flag on, each object gets a principled shader created using its name and assigned to it

[anim]

this should get you started

matnet = hou.node("/mat")
objs = hou.node("/obj").recursiveGlob("*", filter=hou.nodeTypeFilter.Obj)

for obj in objs:
    if obj.type().name() == "geo" and obj.isDisplayFlagSet():
        safename = "_".join(obj.path().split("/")[2:])
        mat = matnet.createNode("principledshader", safename)
        obj.parm("shop_materialpath").set(mat.path())
    matnet.layoutChildren()