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U.S. Industrials Sector Analysis

UpdatedMar 18, 2026
DataAggregated Company Financials
Companies1043
  • 7D-1.9%
  • 3M8.6%
  • 1Y28.8%
  • YTD5.0%

Over the last 7 days, the Industrials industry has dropped 1.9%, driven by a pullback from General Electric of 7.5%. Meanwhile, Uber Technologies actually outperformed within the industry, gaining 7.5% in the last week. This takes the industry's 12 month performance to a gain of 29%. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

Has the U.S. Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 18 Mar 2026US$7.0tUS$2.9tUS$212.1b24x33.2x2.5x
Fri, 13 Feb 2026US$7.5tUS$2.8tUS$212.1b26.7x35.2x2.6x
Sun, 11 Jan 2026US$6.8tUS$2.7tUS$210.5b25.4x32.1x2.5x
Tue, 09 Dec 2025US$6.4tUS$2.7tUS$209.6b24.8x30.6x2.3x
Thu, 06 Nov 2025US$6.4tUS$2.7tUS$215.4b24.9x29.5x2.3x
Sat, 04 Oct 2025US$6.4tUS$2.7tUS$209.3b25x30.6x2.4x
Mon, 01 Sep 2025US$6.2tUS$2.7tUS$208.6b25x29.8x2.3x
Wed, 30 Jul 2025US$6.3tUS$2.7tUS$205.8b24.3x30.5x2.3x
Fri, 27 Jun 2025US$5.9tUS$2.7tUS$205.2b23.4x28.5x2.2x
Sun, 25 May 2025US$5.7tUS$2.7tUS$206.3b22.4x27.5x2.1x
Tue, 22 Apr 2025US$5.1tUS$2.7tUS$203.0b19.5x25x1.9x
Thu, 20 Mar 2025US$5.4tUS$2.7tUS$203.5b21.6x26.5x2x
Sat, 15 Feb 2025US$5.7tUS$2.7tUS$206.3b23.6x27.8x2.1x
Mon, 13 Jan 2025US$5.5tUS$2.7tUS$197.0b23.3x28x2x
Wed, 11 Dec 2024US$5.9tUS$2.7tUS$198.3b24.5x29.7x2.2x
Fri, 08 Nov 2024US$6.0tUS$2.7tUS$194.0b24.9x30.7x2.2x
Sun, 06 Oct 2024US$5.7tUS$2.7tUS$179.9b23.1x31.5x2.1x
Tue, 03 Sep 2024US$5.5tUS$2.7tUS$179.6b22.6x30.4x2x
Thu, 01 Aug 2024US$5.4tUS$2.7tUS$180.7b23.1x29.8x2x
Sat, 29 Jun 2024US$5.1tUS$2.7tUS$170.6b21.6x30.1x1.9x
Mon, 27 May 2024US$5.3tUS$2.7tUS$170.0b22.5x31.1x2x
Wed, 24 Apr 2024US$5.2tUS$2.7tUS$168.3b23x30.9x1.9x
Fri, 22 Mar 2024US$5.3tUS$2.7tUS$172.6b23.3x30.6x2x
Sun, 18 Feb 2024US$5.0tUS$2.7tUS$174.5b22.6x28.8x1.9x
Tue, 16 Jan 2024US$4.9tUS$2.7tUS$184.2b20.8x26.4x1.8x
Thu, 14 Dec 2023US$4.7tUS$2.7tUS$182.7b20.7x26x1.7x
Sat, 11 Nov 2023US$4.3tUS$2.7tUS$185.1b18.3x23.5x1.6x
Mon, 09 Oct 2023US$4.4tUS$2.7tUS$192.2b17.7x22.7x1.6x
Wed, 06 Sep 2023US$4.6tUS$2.7tUS$189.3b18.9x24.3x1.7x
Fri, 04 Aug 2023US$4.7tUS$2.7tUS$191.5b19.1x24.6x1.7x
Sun, 02 Jul 2023US$4.6tUS$2.7tUS$184.1b18.3x25.1x1.7x
Tue, 30 May 2023US$4.2tUS$2.7tUS$183.0b17x23x1.6x
Thu, 27 Apr 2023US$4.1tUS$2.7tUS$173.7b17.6x23.8x1.6x
Sat, 25 Mar 2023US$4.1tUS$2.6tUS$166.1b18.1x24.8x1.6x
Price to Earnings Ratio

24.8x


Total Market Cap: US$4.1tTotal Earnings: US$166.1bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.3x202420252026
Current Industry PE
  • Investors are optimistic on the American Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.2x which is higher than its 3-year average PE of 28.3x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 8.5% per year over the last three years.
  • Revenues for these companies have grown 2.7% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials sector?

US Market-0.97%
Industrials-1.86%
Airlines1.91%
Construction0.97%
Infrastructure0.14%
Electrical-0.74%
Transportation-0.90%
Commercial Services-0.97%
Professional Services-1.48%
Logistics-1.72%
Trade Distributors-1.93%
Building-2.29%
Marine and Shipping-2.41%
Machinery-2.61%
Aerospace & Defense-2.87%
Industrials-3.86%
Industry PE
  • Investors are most optimistic about the Electrical industry even though it's trading below its 3-year average PE ratio of 63.2x.
    • Analysts expect its future annual earnings growth (19.8%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.1x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 47% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 3.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
UBER Uber TechnologiesUS$77.797.5%
+US$11.2b		8.7%PE15.9x
RKLB Rocket LabUS$78.5914.0%
+US$5.5b		337.1%PS74.1x
DAL Delta Air LinesUS$64.839.4%
+US$3.6b		41.2%PE8.4x
BE Bloom EnergyUS$160.053.9%
+US$1.7b		572.2%PS22.2x
FIX Comfort Systems USAUS$1.42k3.0%
+US$1.4b		319.8%PE48.9x

Latest News

RKLB
US$78.59
Rocket Lab
7D
14.0%
1Y
337.1%
NXT
US$121.84
Nextpower
7D
7.1%
1Y
173.9%
BE
US$160.05
Bloom Energy
7D
3.9%
1Y
572.2%
GE
US$302.09
General Electric
7D
-7.5%
1Y
50.5%

GE: Fairly Valued On Engine Strength Automation Push And Execution Risk

Analysts have trimmed the updated fair value estimate for General Electric to about $297 from roughly $301, while still lifting Street price targets into the $378 to $425 range. They highlight GE Aerospace's competitive moat, engine business review work, and refreshed guidance as support for the revised outlook.
DAL
US$64.83
Delta Air Lines
7D
9.4%
1Y
41.2%

DAL: Premium Demand And Low Fuel Sensitivity Will Support Further Upside

Narrative Update: Delta Air Lines The analyst price target for Delta Air Lines has edged lower by a few dollars to reflect higher assumed fuel costs and slightly softer profit margin expectations, even as analysts still highlight resilient demand and relatively lower fuel sensitivity compared with peers. Analyst Commentary Recent research on Delta Air Lines clusters around a common theme, with higher assumed fuel costs pulling price targets lower, while demand and premium positioning are still seen as important supports for the equity story.
HWM
US$240.24
Howmet Aerospace
7D
-5.4%
1Y
87.3%

HWM: Aerospace And Turbine Demand And Record Margins Will Support Future Earnings

Analysts have lifted their average price target for Howmet Aerospace to $315, supported by research that highlights broad target increases in the $265 to $315 range, citing record margins, strong aerospace and gas turbine demand, and what they describe as solid execution across the portfolio. Analyst Commentary Bullish analysts are clustering their targets for Howmet Aerospace in a higher band between $265 and $315, with several pointing to record margins, strong aerospace and gas turbine demand, and what they view as consistent execution as key supports for these levels.
UBER
US$77.79
Uber Technologies
7D
7.5%
1Y
8.7%
LHX
US$368.86
L3Harris Technologies
7D
2.0%
1Y
73.6%
RTX
US$203.33
RTX
7D
-1.8%
1Y
53.2%

RTX: Fair Value View Balances Aerospace Demand With Defense Policy Uncertainty

Our RTX fair value estimate edges up by about $0.24 to $217.16 as analysts broadly lift price targets, highlighting product upgrades such as the PW1100G Section Plus option and updated sector views as key supports. Analyst Commentary Recent Street research on RTX is clustered around higher price targets and refreshed views on the commercial aerospace and defense group, with most commentary framing current levels in the context of product execution and sector positioning rather than short term trading calls.
BA
US$210.82
Boeing
7D
-3.2%
1Y
30.5%
GEV
US$844.05
GE Vernova
7D
0.6%
1Y
164.7%

GEV: Long Term Equipment Contracts Will Support Stronger Future Returns

Analysts have lifted their price target on GE Vernova to $1,019, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin, and future P/E that support a steady valuation framework. What's in the News OPC Energy agreed to purchase main equipment from GE Vernova for the Hadera 2 natural gas power project in Israel, covering gas and steam turbines, auxiliary systems, and a maintenance agreement.
CAT
US$702.00
Caterpillar
7D
-2.0%
1Y
108.5%
DE
US$574.26
Deere
7D
-3.1%
1Y
19.3%

DE: Construction Strength And Large Ag Recovery Will Support Future Earnings Momentum

We are nudging our fair value estimate for Deere up from $630 to about $666 per share, reflecting analysts' higher price targets following a strong Q1 beat, healthier Large Ag order trends, and better support from Construction and Small Ag/Turf, even as views differ on how much of the next cycle is already priced in. Analyst Commentary Street research after Deere's Q1 report reflects a mix of enthusiasm about execution and caution around how much optimism is already embedded in the share price.
FIX
US$1,424.46
Comfort Systems USA
7D
3.0%
1Y
319.8%

FIX: Texas Data Center Exposure And Modular Strength Will Support Future P/E Repricing

Analysts have raised their price target on Comfort Systems USA to $1,800 from $1,200, citing the company's exposure to Texas data center construction, its modular capabilities, and support from recent earnings as key drivers behind the reassessment. Analyst Commentary Bullish analysts are clustering around higher valuation ranges for Comfort Systems USA, pointing to recent earnings, data center exposure in Texas, and the company’s modular capabilities as the core reasons for revisiting their models.
PH
US$893.31
Parker-Hannifin
7D
-6.0%
1Y
44.9%

PH: Updated Guidance And Share Repurchases Will Support A Measured Outlook

Analysts have nudged their price target for Parker Hannifin higher to around $1,031 from about $1,018, reflecting updated assumptions that include a slightly lower discount rate, a more conservative revenue growth outlook, a higher profit margin, and a modestly higher future P/E multiple. What's in the News Parker-Hannifin updated its earnings guidance for the fiscal year ending June 30, 2026, with reported sales growth now framed in a range of 5.5% to 7.5% and organic sales growth around 5% at the midpoint, along with contributions from acquisitions, divestitures, and favorable currency effects (Key Developments).
HON
US$231.42
Honeywell International
7D
-3.8%
1Y
10.3%

HON: Aerospace Spinoff And Resegmentation Will Support Future Upside Potential

We are increasing our Honeywell International fair value estimate from $271 to $296 per share. This reflects analysts' higher price targets and updated views on revenue growth potential, profit margins, and the value that could be realized from the planned aerospace spinoff.