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U.S. Industrials Sector Analysis

UpdatedJun 09, 2026
DataAggregated Company Financials
Companies1063
  • 7D-0.1%
  • 3M3.4%
  • 1Y23.0%
  • YTD10.6%

Over the last 7 days, the Industrials industry has remained flat, although notably Caterpillar gained 5.8%. As for the the longer term, the industry is up 24% over the past 12 months. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Jun 2026US$7.6tUS$2.9tUS$219.4b26.4x34.5x2.6x
Thu, 07 May 2026US$7.5tUS$2.9tUS$219.9b26.4x34.2x2.6x
Sat, 04 Apr 2026US$7.0tUS$2.8tUS$215.8b24.1x32.4x2.5x
Mon, 02 Mar 2026US$7.5tUS$2.8tUS$210.9b26.3x35.5x2.6x
Wed, 28 Jan 2026US$7.0tUS$2.9tUS$211.3b26x33.3x2.5x
Fri, 26 Dec 2025US$6.5tUS$2.7tUS$210.3b24.8x31.1x2.4x
Sun, 23 Nov 2025US$6.1tUS$2.7tUS$209.8b23.7x29.2x2.2x
Tue, 21 Oct 2025US$6.4tUS$2.7tUS$209.8b25.5x30.5x2.4x
Thu, 18 Sep 2025US$6.2tUS$2.7tUS$208.5b24.8x30x2.3x
Sat, 16 Aug 2025US$6.2tUS$2.7tUS$209.5b24.5x29.5x2.3x
Mon, 14 Jul 2025US$6.1tUS$2.7tUS$206.3b24.4x29.6x2.3x
Wed, 11 Jun 2025US$5.9tUS$2.7tUS$205.2b22.9x28.6x2.2x
Fri, 09 May 2025US$5.4tUS$2.7tUS$206.1b21.7x26.3x2x
Sun, 06 Apr 2025US$4.8tUS$2.7tUS$203.3b19.1x23.7x1.8x
Tue, 04 Mar 2025US$5.6tUS$2.7tUS$204.1b21.1x27.3x2.1x
Thu, 30 Jan 2025US$5.8tUS$2.7tUS$195.8b24.3x29.5x2.2x
Sat, 28 Dec 2024US$5.6tUS$2.7tUS$197.9b23.7x28.5x2.1x
Mon, 25 Nov 2024US$6.0tUS$2.7tUS$197.3b24.5x30.6x2.2x
Wed, 23 Oct 2024US$5.8tUS$2.7tUS$188.7b23.7x30.7x2.1x
Fri, 20 Sep 2024US$5.5tUS$2.7tUS$179.8b22.6x30.5x2x
Sun, 18 Aug 2024US$5.3tUS$2.7tUS$178.7b22x29.6x2x
Tue, 16 Jul 2024US$5.3tUS$2.7tUS$169.7b22.5x31x2x
Thu, 13 Jun 2024US$5.1tUS$2.7tUS$170.1b21.4x30.2x1.9x
Sat, 11 May 2024US$5.3tUS$2.7tUS$172.2b23.4x30.9x2x
Mon, 08 Apr 2024US$5.3tUS$2.7tUS$173.1b23.4x30.8x2x
Wed, 06 Mar 2024US$5.2tUS$2.7tUS$172.3b23.2x30x1.9x
Fri, 02 Feb 2024US$5.0tUS$2.7tUS$178.9b21.5x27.8x1.8x
Sun, 31 Dec 2023US$4.9tUS$2.7tUS$183.1b21.5x27x1.8x
Tue, 28 Nov 2023US$4.6tUS$2.7tUS$182.2b19.3x25.1x1.7x
Thu, 26 Oct 2023US$4.2tUS$2.7tUS$184.9b16.8x22.9x1.6x
Sat, 23 Sep 2023US$4.4tUS$2.7tUS$189.6b17.9x23.1x1.6x
Mon, 21 Aug 2023US$4.5tUS$2.7tUS$178.8b18.5x25.4x1.7x
Wed, 19 Jul 2023US$4.7tUS$2.7tUS$186.5b18.6x25.3x1.8x
Fri, 16 Jun 2023US$4.5tUS$2.7tUS$182.7b18.3x24.4x1.7x
Price to Earnings Ratio

24.4x


Total Market Cap: US$4.5tTotal Earnings: US$182.7bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 29x202420252026
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 34.5x which is higher than its 3-year average PE of 29.0x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 6.3% per year over the last three years.
  • Revenues for these companies have grown 2.9% 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-2.73%
Industrials-0.12%
Machinery4.06%
Trade Distributors3.48%
Building1.49%
Construction1.15%
Transportation0.74%
Commercial Services0.50%
Marine and Shipping-0.39%
Logistics-0.83%
Aerospace & Defense-1.56%
Electrical-2.98%
Infrastructure-4.51%
Professional Services-4.65%
Airlines-5.66%
Industrials-6.10%
Industry PE
  • Investors are most optimistic about the Construction industry which is trading above its 3-year average PE ratio of 37.7x.
    • Analysts are expecting annual earnings growth of 24.0%, which is lower than the prior year's growth of 33.2% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.7x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings grow by 2.8% 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
CAT CaterpillarUS$915.645.8%
+US$23.2b		155.7%PE44.7x
DE DeereUS$573.665.8%
+US$8.4b		10.0%PE32.4x
PH Parker-HannifinUS$883.147.3%
+US$7.5b		31.8%PE32x
JCI Johnson Controls InternationalUS$144.057.6%
+US$6.2b		39.1%PE42.9x
RTX RTXUS$178.662.4%
+US$5.7b		26.7%PE33.2x

Latest News

HON
US$211.80
Honeywell International
7D
-10.5%
1Y
-6.7%
GEV
US$933.85
GE Vernova
7D
-1.8%
1Y
94.6%
BE
US$253.57
Bloom Energy
7D
-7.3%
1Y
1,083.2%
RKLB
US$113.65
Rocket Lab
7D
-7.1%
1Y
283.4%
PL
US$32.74
Planet Labs PBC
7D
-29.5%
1Y
461.6%
Seeking Alpha • Jun 08

Planet Labs' 25% Decline Sparks Big Question - Buy Or Bail? I See Opportunity

Summary Planet Labs delivered strong 42% revenue growth and a $900M+ backlog, but profitability remains distant, with widening losses and margin compression. PL's forward guidance disappointed: FY revenue of $425–441M implies decelerating growth, and adjusted EBITDA is guided to breakeven at best. Heavy investment in satellites and AI, plus a new $1.5B equity distribution program, signals ongoing capital intensity and potential dilution risks. I remain buy-rated on PL, viewing the selloff as a valuation reset rather than a demand issue, with long-term leadership potential in space intelligence. Read the full article on Seeking Alpha
PH
US$883.14
Parker-Hannifin
7D
7.3%
1Y
31.8%
Narrative Update • Jun 08

PH: Aerospace Acquisition And Dividend Streak Will Support Constructive Long Term View

Analysts have made a slight adjustment to their Parker Hannifin view, trimming the fair value estimate from $1,033.75 to $1,032.50 as small tweaks to discount rate, revenue growth, profit margin and future P/E assumptions offset each other. What's in the News Parker Hannifin agreed to acquire CIRCOR Aerospace from KKR for US$2.55b in cash, adding flight critical motion and flow control systems and related technologies for commercial and defense platforms (source: recent deal announcement).
JCI
US$144.05
Johnson Controls International
7D
7.6%
1Y
39.1%
CMI
US$672.68
Cummins
7D
4.5%
1Y
106.5%
VRT
US$300.57
Vertiv Holdings Co
7D
-7.1%
1Y
168.4%
DE
US$573.66
Deere
7D
5.8%
1Y
10.0%
CAT
US$915.64
Caterpillar
7D
5.8%
1Y
155.7%
Narrative Update • Jun 05

CAT: AI Power Projects And Tariff Relief Will Likely Cap Future Upside

Caterpillar's analyst price target has shifted from $575 to about $670 as analysts factor in Street research highlighting stronger demand expectations across power generation, construction, mining, and oil and gas, along with higher projected revenue growth, profit margins, and future P/E assumptions. Analyst Commentary Recent Street research on Caterpillar has leaned constructive on the demand outlook in power generation, construction, mining, and oil and gas, with several firms lifting price targets to reflect stronger earnings assumptions and higher P/E multiples.
URI
US$1,084.05
United Rentals
7D
8.6%
1Y
53.3%
RTX
US$178.66
RTX
7D
2.4%
1Y
26.7%
UBER
US$70.06
Uber Technologies
7D
-5.0%
1Y
-19.6%
Narrative Update • Jun 05

UBER: Autonomous Partnerships And Robotaxi Rollout Will Reshape Supply And Trip Mix

Analysts have made a modest adjustment to the Uber Technologies price target to $104.43, supported by research citing improving returns on recent investments, multiple price target revisions across major firms, and growing interest in Uber's autonomous vehicle partnerships with Nvidia, Zoox, and other partners. Analyst Commentary Recent research on Uber clusters around two main themes: execution on new partnerships in autonomous vehicles and the impact of changing price targets on how investors frame risk and reward at current levels.
PCAR
US$118.44
PACCAR
7D
8.2%
1Y
25.4%
Narrative Update • Jun 04

PCAR: Future Returns Will Balance Truck Demand Cycles And Powertrain Technology Shifts

Analysts have trimmed the blended price target for PACCAR by about $2. This reflects a mix of recent upward and downward target revisions as they factor in updated views on future revenue growth, profit margins and valuation multiples.
BA
US$215.92
Boeing
7D
-3.7%
1Y
-0.7%