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U.S. Electrical Industry Analysis

UpdatedSep 10, 2026
DataAggregated Company Financials
Companies140
  • 7D4.4%
  • 3M-3.4%
  • 1Y38.2%
  • YTD27.3%

The Electrical industry is up 4.4% in the last week, with Bloom Energy up 24%. This takes the industry's 12 month performance to a gain of 38%. Earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

Has the U.S. Electrical Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 10 Sep 2026US$994.1bUS$182.8bUS$20.5b33.6x48.4x5.4x
Sat, 08 Aug 2026US$998.4bUS$179.0bUS$20.8b36.9x48.1x5.6x
Mon, 06 Jul 2026US$1.0tUS$171.8bUS$20.1b38.5x51.4x6x
Wed, 03 Jun 2026US$1.0tUS$171.8bUS$19.9b39.8x51.8x6x
Fri, 01 May 2026US$1.0tUS$170.0bUS$19.7b36.2x51.8x6x
Sun, 29 Mar 2026US$823.5bUS$167.2bUS$14.9b31.5x55.3x4.9x
Tue, 24 Feb 2026US$863.3bUS$166.5bUS$11.3b34.8x76.4x5.2x
Thu, 22 Jan 2026US$748.6bUS$162.0bUS$7.4b32.9x100.5x4.6x
Sat, 20 Dec 2025US$675.6bUS$161.8bUS$7.4b31.4x91.1x4.2x
Mon, 17 Nov 2025US$686.1bUS$162.0bUS$7.5b28.4x91x4.2x
Wed, 15 Oct 2025US$719.9bUS$157.3bUS$7.3b29.9x98.3x4.6x
Fri, 12 Sep 2025US$667.8bUS$157.1bUS$7.3b30.8x91x4.2x
Sun, 10 Aug 2025US$659.8bUS$156.8bUS$7.5b30.6x88.4x4.2x
Tue, 08 Jul 2025US$620.8bUS$153.6bUS$7.4b27.6x83.7x4x
Thu, 05 Jun 2025US$560.0bUS$153.4bUS$7.4b26.1x76.1x3.7x
Sat, 03 May 2025US$476.4bUS$153.0bUS$7.3b22.5x65.4x3.1x
Mon, 31 Mar 2025US$443.7bUS$151.5bUS$6.6b22.9x67.4x2.9x
Wed, 26 Feb 2025US$488.7bUS$151.4bUS$9.9b25.6x49.6x3.2x
Fri, 24 Jan 2025US$597.3bUS$151.7bUS$9.5b23.9x62.8x3.9x
Sun, 22 Dec 2024US$536.7bUS$151.1bUS$9.3b22.5x57.9x3.6x
Tue, 19 Nov 2024US$552.1bUS$150.5bUS$9.2b23.5x59.9x3.7x
Thu, 17 Oct 2024US$507.1bUS$151.2bUS$7.5b19.9x67.5x3.4x
Sat, 14 Sep 2024US$448.4bUS$151.3bUS$7.3b18.1x61.2x3x
Mon, 12 Aug 2024US$427.8bUS$150.9bUS$7.1b18.1x60.1x2.8x
Wed, 10 Jul 2024US$469.8bUS$157.0bUS$5.8b18.9x80.4x3x
Fri, 07 Jun 2024US$484.2bUS$159.6bUS$6.2b19x78.3x3x
Sun, 05 May 2024US$475.2bUS$160.5bUS$7.7b20.8x61.6x3x
Tue, 02 Apr 2024US$452.6bUS$125.8bUS$7.9b22.6x57.4x3.6x
Thu, 29 Feb 2024US$420.7bUS$127.8bUS$9.4b19.3x44.8x3.3x
Sat, 27 Jan 2024US$397.8bUS$139.2bUS$8.0b19.6x50x2.9x
Mon, 25 Dec 2023US$403.6bUS$139.3bUS$7.9b20.3x50.9x2.9x
Wed, 22 Nov 2023US$367.2bUS$139.0bUS$8.0b18.7x46.1x2.6x
Fri, 20 Oct 2023US$350.8bUS$144.1bUS$11.5b17.4x30.5x2.4x
Sun, 17 Sep 2023US$390.2bUS$144.2bUS$11.6b20.1x33.7x2.7x
Price to Earnings Ratio

33.7x


Total Market Cap: US$390.2bTotal Earnings: US$11.6bTotal Revenue: US$144.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 65x202420252026
Current Industry PE
  • Investors are pessimistic on the American Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 48.4x which is lower than its 3-year average PE of 65.0x.
  • The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 5.4x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 21% per year over the last three years.
  • Revenues for these companies have grown 8.2% 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 industry?

US Market-0.22%
Industrials-0.30%
Electrical4.45%
Heavy Electrical Equipment7.19%
Electrical Components2.83%
Industry PE
  • Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 56.6x.
    • Analysts are expecting annual earnings growth of 20.2%, which is higher than its past year's earnings growth of 17.2% per year.
  • Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 83.2x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 22% over the next 5 years.
  • In contrast, the Electrical Components industry is expected to see its earnings grow by 20% 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
BE Bloom EnergyUS$269.2823.9%
+US$15.3b		327.7%PE323.8x
ETN EatonUS$415.226.2%
+US$9.5b		14.6%PE42.1x
GEV GE VernovaUS$951.043.2%
+US$7.8b		47.8%PE26.6x
VRT Vertiv Holdings CoUS$262.892.4%
+US$2.4b		92.3%PE58.4x
NVT nVent ElectricUS$158.547.0%
+US$1.7b		66.9%PE43.4x

Latest News

ETN
US$415.22
Eaton
7D
6.2%
1Y
14.6%
NXT
US$82.37
Nextpower
7D
-0.2%
1Y
21.9%
VRT
US$262.89
Vertiv Holdings Co
7D
2.4%
1Y
92.3%
XE
US$17.26
X-Energy
7D
-4.6%
1Y
n/a
FLNC
US$10.12
Fluence Energy
7D
-4.2%
1Y
49.7%
BE
US$269.28
Bloom Energy
7D
23.9%
1Y
327.7%
NVT
US$158.54
nVent Electric
7D
7.0%
1Y
66.9%
Narrative Update • Sep 08

NVT: Data Center Expansion And Acquisition Integration Will Shape Future Returns

Analysts have adjusted their fair value estimate for nVent Electric from $149.66 to $154.07, citing updated assumptions around revenue growth, profit margin, and a lower future P/E that together support a modestly higher price target. What’s in the News for nVent Electric nVent Electric agreed to acquire Maverick Power for US$1.75b in cash, with up to an additional US$550m of contingent consideration tied to performance targets in 2027 and 2028, adding power distribution and infrastructure solutions for data centers.
AME
US$236.27
AMETEK
7D
1.3%
1Y
26.1%
GEV
US$951.04
GE Vernova
7D
3.2%
1Y
47.8%
Narrative Update • Sep 06

GEV: AI Data Center Orders Will Support Stronger Long Term Returns

Analysts now see slightly higher upside for GE Vernova, with the fair value estimate moving from about $1,211.72 to $1,236.43 as they factor in updated assumptions for revenue growth, profit margins, the discount rate, and the future P/E multiple. What’s in the News for GE Vernova GE Vernova agreed to a multibillion dollar alliance with Venezuela’s state oil company PDVSA to help restore and stabilize the country’s power grid within six to twelve months, as part of a broader US backed effort that also involves Chevron and Eni.
AYI
US$320.80
Acuity
7D
-3.0%
1Y
-2.9%
RUN
US$8.80
Sunrun
7D
-1.8%
1Y
-45.7%
Narrative Update • Sep 04

RUN: Virtual Power Plants And AI Compute Will Drive Future Cash Generation

Sunrun's updated analyst fair value estimate has moved from about $27.86 to $24.40 as analysts trim long term revenue growth assumptions, modestly increase the discount rate, and highlight both reduced cash generation guidance and emerging opportunities in virtual power plants and AI related projects. Analyst Commentary Recent Street research on Sunrun shows a split view.
ENVX
US$3.16
Enovix
7D
-5.1%
1Y
-65.5%
Narrative Update • Sep 03

ENVX: Defense Demand And Korea Expansion Will Support Future Battery Adoption

Analysts cut their fair value estimate for Enovix from $13.10 to $11.35, as a series of reduced price targets and a higher applied discount rate reflect greater uncertainty after the CEO resignation, even as views on the company’s long term technology potential remain in place for some firms. Analyst Commentary Recent research updates on Enovix show a split view.
EMR
US$150.34
Emerson Electric
7D
0.9%
1Y
12.5%
Narrative Update • Sep 03

EMR: Long Cycle LNG And Power Automation Contracts Will Drive Returns

The analyst price target for Emerson Electric has been raised from $167.07 to $171.81. This reflects updated views that its exposure to LNG and power demand, semiconductor and test and measurement strength, and a growing long cycle project funnel can support slightly higher long term growth, margins, and P/E assumptions, despite ongoing project delay and geopolitical risks.
INIO
US$20.78
Innio
7D
3.5%
1Y
n/a
Seeking Alpha • Aug 31

INNIO: A Better Power Proposition Here

Summary INNIO offers a compelling pick-and-shovel play on the data center boom, with strong sales momentum and a robust order backlog. Shares have reset from post-IPO highs, now trading at a near 30x earnings multiple—half the IPO level—while business momentum remains strong. INIO's guidance calls for $3.8-3.9B in revenue and $720-740M in adjusted EBITDA, with a $6.6B backlog and capacity sold out through 2026/2027. I see a more attractive setup after the pullback but would prefer a further dip to the mid-teens before initiating a position. Read the full article on Seeking Alpha
ENS
US$179.10
EnerSys
7D
-0.5%
1Y
71.1%
RRX
US$159.61
Regal Rexnord
7D
-0.7%
1Y
12.9%