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U.S. Electrical Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies126
  • 7D5.1%
  • 3M18.9%
  • 1Y50.0%
  • YTD28.4%

Over the last 7 days, the Electrical industry has risen 5.1%, driven by gains from Eaton of 7.5%. This means that the industry has gained 50% over the past year. Looking forward, 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
Tue, 16 Sep 2025US$669.9bUS$157.1bUS$7.3b30.5x91.3x4.3x
Thu, 14 Aug 2025US$662.9bUS$157.0bUS$7.4b33x89.2x4.2x
Sat, 12 Jul 2025US$625.3bUS$153.6bUS$7.4b28x84.3x4.1x
Mon, 09 Jun 2025US$567.5bUS$153.4bUS$7.4b26.4x76.6x3.7x
Wed, 07 May 2025US$485.7bUS$153.4bUS$7.3b21.9x66.5x3.2x
Fri, 04 Apr 2025US$459.8bUS$151.6bUS$6.6b21.2x69.9x3x
Sun, 02 Mar 2025US$494.0bUS$151.6bUS$7.3b23.9x67.6x3.3x
Tue, 28 Jan 2025US$596.4bUS$151.7bUS$9.5b23.5x62.8x3.9x
Thu, 26 Dec 2024US$542.7bUS$151.1bUS$9.3b23x58.6x3.6x
Sat, 23 Nov 2024US$572.8bUS$150.5bUS$9.2b23.6x62.4x3.8x
Mon, 21 Oct 2024US$513.1bUS$151.2bUS$7.5b19.5x68.3x3.4x
Wed, 18 Sep 2024US$456.7bUS$151.2bUS$7.4b18.5x61.8x3x
Fri, 16 Aug 2024US$436.3bUS$151.3bUS$7.2b18.6x60.2x2.9x
Sun, 14 Jul 2024US$488.7bUS$157.0bUS$5.8b19.7x83.6x3.1x
Tue, 11 Jun 2024US$480.4bUS$159.6bUS$6.2b20x77.5x3x
Thu, 09 May 2024US$480.8bUS$161.2bUS$7.6b21.7x63.2x3x
Sat, 06 Apr 2024US$449.1bUS$125.8bUS$7.9b22.6x57x3.6x
Mon, 04 Mar 2024US$431.9bUS$126.0bUS$7.9b20.4x54.8x3.4x
Wed, 31 Jan 2024US$400.6bUS$139.3bUS$8.0b19.9x50.1x2.9x
Fri, 29 Dec 2023US$407.2bUS$139.3bUS$7.9b20.9x51.4x2.9x
Sun, 26 Nov 2023US$366.2bUS$139.0bUS$7.9b18.8x46.1x2.6x
Tue, 24 Oct 2023US$342.1bUS$144.1bUS$11.5b17.2x29.8x2.4x
Thu, 21 Sep 2023US$384.9bUS$144.2bUS$11.6b19.8x33.3x2.7x
Sat, 19 Aug 2023US$382.7bUS$144.2bUS$11.6b19.1x32.9x2.7x
Mon, 17 Jul 2023US$368.9bUS$131.0bUS$7.8b26x47.4x2.8x
Wed, 14 Jun 2023US$352.8bUS$131.1bUS$7.7b26x46x2.7x
Fri, 12 May 2023US$307.4bUS$130.8bUS$7.7b20.4x39.9x2.4x
Sun, 09 Apr 2023US$300.4bUS$128.1bUS$7.9b17.6x38x2.3x
Tue, 07 Mar 2023US$327.3bUS$116.6bUS$9.2b21.5x35.5x2.8x
Thu, 02 Feb 2023US$318.4bUS$114.5bUS$8.9b21.1x35.7x2.8x
Sat, 31 Dec 2022US$294.5bUS$113.8bUS$8.8b19x33.6x2.6x
Mon, 28 Nov 2022US$314.6bUS$113.4bUS$8.7b18.8x36.2x2.8x
Wed, 26 Oct 2022US$282.4bUS$108.4bUS$8.5b19.8x33.4x2.6x
Fri, 23 Sep 2022US$279.0bUS$107.9bUS$8.4b19.4x33.2x2.6x
Price to Earnings Ratio

33.2x


Total Market Cap: US$279.0bTotal Earnings: US$8.4bTotal Revenue: US$107.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 54.3x202320242025
Current Industry PE
  • Investors are optimistic on the American Electrical industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 91.3x which is higher than its 3-year average PE of 54.3x.
  • The 3-year average PS ratio of 3.0x is lower than the industry's current PS ratio of 4.3x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have declined 4.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 13% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

US Market1.88%
Industrials0.98%
Electrical5.08%
Heavy Electrical Equipment6.78%
Electrical Components4.36%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 31.2x.
    • Analysts are expecting annual earnings growth of 34.6%, which is lower than the prior year's growth of 72.3% per year.
  • Investors are most pessimistic about the Electrical Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 46.2x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 35% over the next 5 years.
  • However this is lower than its past earnings growth rate of 72% per year.
  • In contrast, the Electrical Components industry is expected to see its earnings grow by 15% 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
ETN EatonUS$375.547.5%
+US$10.1b		22.5%PE37.2x
GEV GE VernovaUS$628.684.7%
+US$7.7b		173.4%PE148x
VRT Vertiv Holdings CoUS$138.2613.5%
+US$6.3b		58.9%PE65x
BE Bloom EnergyUS$67.0225.4%
+US$3.2b		585.3%PE663.1x
EMR Emerson ElectricUS$135.662.2%
+US$1.6b		32.5%PE34.6x

Latest News

GEV
US$628.68
GE Vernova
7D
4.7%
1Y
173.4%

Electrification And Decarbonization Will Expand Infrastructure Backlog

GE Vernova’s consensus price target has been modestly reduced despite virtually unchanged future P/E and revenue growth forecasts, signaling only a slight decline in perceived fair value to $638.45. What's in the News Vattenfall shortlisted GE Vernova and Rolls-Royce SMR to supply modular nuclear reactors for the Varo Peninsula project in Sweden, potentially deploying five BWRX-300 (GE Vernova) reactors totaling ~1,500 MW.
ST
US$31.87
Sensata Technologies Holding
7D
-0.4%
1Y
-9.0%

Are Investors Undervaluing Sensata Technologies Holding plc (NYSE:ST) By 37%?

Sep 14
Are Investors Undervaluing Sensata Technologies Holding plc (NYSE:ST) By 37%?
RUN
US$16.45
Sunrun
7D
-2.8%
1Y
-14.9%

Grid And Solar Services Will Shape Future Energy Landscape

Sunrun’s analyst price target was raised as recent regulatory changes improved solar tax credit visibility and reduced key policy risks, resulting in a modest fair value increase from $15.29 to $15.92. Analyst Commentary Regulatory changes preserved the solar investment tax credit (ITC) for residential leasing, providing a lifeline to Sunrun’s core business model and offsetting near-term risks previously expected from potential policy rollbacks.
BE
US$67.02
Bloom Energy
7D
25.4%
1Y
585.3%
ADSE
US$9.08
ADS-TEC Energy
7D
-9.2%
1Y
-29.9%
VRT
US$138.26
Vertiv Holdings Co
7D
13.5%
1Y
58.9%
EOSE
US$8.28
Eos Energy Enterprises
7D
20.5%
1Y
201.1%
NXT
US$67.64
Nextracker
7D
-3.0%
1Y
82.7%
ETN
US$375.54
Eaton
7D
7.5%
1Y
22.5%
ARRY
US$7.81
Array Technologies
7D
-10.7%
1Y
11.9%
SMR
US$39.09
NuScale Power
7D
15.1%
1Y
303.8%

RoPower SMR Technology Will Accelerate Manufacturing And Deployment

NuScale Power's analyst price target has risen to $42.30, reflecting increased confidence driven by a major 6GW SMR capacity collaboration with TVA/ENTRA1, upwardly revised deployment and revenue assumptions, and positive sector tailwinds, though ongoing execution risks and valuation concerns remain. Analyst Commentary NuScale secured the largest ever U.S. small modular reactor (SMR) capacity commitment through a collaboration with the Tennessee Valley Authority and ENTRA1 Energy for up to 6GW, validating its technology and providing significant commercial momentum.
EMR
US$135.66
Emerson Electric
7D
2.2%
1Y
32.5%

Digital Automation And AI Adoption Will Fuel Global Modernization

Despite stable process markets, solid demand, and improved margin outlook following Emerson's portfolio shift, consensus analyst price targets remain unchanged at $149.69, reflecting more realistic market expectations and increased conviction in the company's long-term growth. Analyst Commentary Market expectations for Emerson's process and industrial capex outlook have become more realistic, supported by stable process markets expected into 2026.
NVT
US$96.35
nVent Electric
7D
4.1%
1Y
46.5%

We Think nVent Electric (NYSE:NVT) Can Stay On Top Of Its Debt

Aug 28
We Think nVent Electric (NYSE:NVT) Can Stay On Top Of Its Debt
TE
US$1.78
T1 Energy
7D
-10.1%
1Y
72.8%
ENVX
US$9.14
Enovix
7D
-2.7%
1Y
-6.4%

Malaysia Manufacturing And Defense Expansion Will Unlock Battery Opportunities

Enovix's price target was raised to $29.50 as analysts cited strong Q2 results, new product launches in advanced battery technology, and shareholder-friendly capital moves, though some caution valuation after a sharp share price rally. Analyst Commentary Bullish analysts cite robust preliminary Q2 and June results, with revenue and adjusted EBITDA beating expectations, primarily driven by the Korean divisions.
RRX
US$141.07
Regal Rexnord
7D
-1.8%
1Y
-9.5%

Getting In Cheap On Regal Rexnord Corporation (NYSE:RRX) Is Unlikely

Aug 09
Getting In Cheap On Regal Rexnord Corporation (NYSE:RRX) Is Unlikely