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U.S. Electrical Industry Analysis

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies136
  • 7D-1.8%
  • 3M-7.4%
  • 1Y36.6%
  • YTD30.0%

Over the last 7 days, the Electrical industry has dropped 1.8%, driven by a pullback from GE Vernova of 6.0%. On the other hand Emerson Electric is actually up 8.3%. This takes the industry's 12 month performance to a gain of 37%. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Jul 2026US$963.9bUS$173.9bUS$20.3b37.2x47.6x5.5x
Wed, 24 Jun 2026US$1.1tUS$171.8bUS$20.1b38.1x56.4x6.6x
Fri, 22 May 2026US$1.0tUS$172.3bUS$19.9b37.1x50.5x5.8x
Sun, 19 Apr 2026US$970.1bUS$167.5bUS$14.9b35.7x65.3x5.8x
Tue, 17 Mar 2026US$825.5bUS$166.9bUS$15.0b31.4x55x4.9x
Thu, 12 Feb 2026US$843.2bUS$166.0bUS$11.1b37.2x75.8x5.1x
Sat, 10 Jan 2026US$706.6bUS$162.0bUS$7.4b31.4x94.9x4.4x
Mon, 08 Dec 2025US$716.3bUS$161.8bUS$7.4b31.3x96.5x4.4x
Wed, 05 Nov 2025US$737.1bUS$160.7bUS$8.0b30.3x92x4.6x
Fri, 03 Oct 2025US$690.5bUS$157.3bUS$7.3b29.1x94.3x4.4x
Sun, 31 Aug 2025US$649.2bUS$157.1bUS$7.4b30.2x87.8x4.1x
Tue, 29 Jul 2025US$688.2bUS$154.5bUS$6.7b28.2x103x4.5x
Thu, 26 Jun 2025US$592.2bUS$153.4bUS$7.4b26.7x79.7x3.9x
Sat, 24 May 2025US$539.5bUS$153.4bUS$7.4b26.1x73.3x3.5x
Mon, 21 Apr 2025US$428.1bUS$151.6bUS$6.6b21.6x65.1x2.8x
Wed, 19 Mar 2025US$478.1bUS$151.5bUS$6.4b23.3x74.6x3.2x
Fri, 14 Feb 2025US$528.9bUS$151.4bUS$9.8b26x53.8x3.5x
Sun, 12 Jan 2025US$542.4bUS$147.3bUS$8.8b22.3x61.7x3.7x
Tue, 10 Dec 2024US$574.6bUS$151.1bUS$9.3b23.7x61.9x3.8x
Thu, 07 Nov 2024US$526.4bUS$152.8bUS$8.0b22x65.6x3.4x
Sat, 05 Oct 2024US$486.9bUS$151.2bUS$7.4b19.9x65.4x3.2x
Mon, 02 Sep 2024US$453.9bUS$151.3bUS$7.3b18.8x62.3x3x
Wed, 31 Jul 2024US$463.0bUS$157.3bUS$7.4b19.8x62.7x2.9x
Fri, 28 Jun 2024US$470.3bUS$159.6bUS$6.2b19.6x75.7x2.9x
Sun, 26 May 2024US$507.1bUS$159.6bUS$6.2b21.9x82x3.2x
Tue, 23 Apr 2024US$450.8bUS$159.1bUS$7.5b20.1x60.2x2.8x
Thu, 21 Mar 2024US$437.5bUS$126.0bUS$7.9b21.4x55.1x3.5x
Sat, 17 Feb 2024US$418.1bUS$129.3bUS$9.4b19.7x44.4x3.2x
Mon, 15 Jan 2024US$391.5bUS$139.2bUS$7.9b19.3x49.3x2.8x
Wed, 13 Dec 2023US$382.2bUS$139.3bUS$7.9b19.2x48.2x2.7x
Fri, 10 Nov 2023US$350.8bUS$140.2bUS$8.8b16.9x40x2.5x
Sun, 08 Oct 2023US$370.4bUS$144.1bUS$11.5b18.7x32.3x2.6x
Tue, 05 Sep 2023US$406.8bUS$144.0bUS$11.6b20.7x35x2.8x
Thu, 03 Aug 2023US$397.0bUS$144.2bUS$12.2b24.7x32.6x2.8x
Price to Earnings Ratio

32.6x


Total Market Cap: US$397.0bTotal Earnings: US$12.2bTotal Revenue: US$144.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 64.5x202420252026
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 47.6x which is lower than its 3-year average PE of 64.5x.
  • The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 5.5x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 6.4% 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-1.05%
Industrials1.38%
Electrical-1.77%
Electrical Components0.58%
Heavy Electrical Equipment-5.70%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 55.6x.
    • Analysts expect its future annual earnings growth (18.7%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 81.0x.
Forecasted Growth
  • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 17% 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
EMR Emerson ElectricUS$147.948.3%
+US$6.4b		-1.0%PE34x
AME AMETEKUS$241.972.9%
+US$1.5b		35.3%PE36.3x
ETN EatonUS$404.070.7%
+US$1.0b		2.9%PE39.3x
DPC DPC HoldingsUS$49.9110.8%
+US$704.0m		n/aPS8.2x
RRX Regal RexnordUS$212.743.5%
+US$476.6m		33.0%PE49.4x

Latest News

EMR
US$147.94
Emerson Electric
7D
8.3%
1Y
-1.0%
VRT
US$290.36
Vertiv Holdings Co
7D
-0.4%
1Y
103.7%
ETN
US$404.07
Eaton
7D
0.7%
1Y
2.9%
GEV
US$1,014.75
GE Vernova
7D
-6.0%
1Y
56.7%
ST
US$45.71
Sensata Technologies Holding
7D
2.6%
1Y
38.8%
BE
US$184.89
Bloom Energy
7D
-6.2%
1Y
431.6%
Seeking Alpha • Jul 24

Bloom Energy Q2 Preview: What I Need To See To Stay Bullish

Summary Bloom Energy is upgraded from Hold to Buy, driven by its tech moat in solid oxide fuel cells and accelerating growth. BE’s Q1 revenue surged 130% YoY, with the product segment up 208% and strong margin expansion across all segments. I expect Q2 catalysts: higher segment margins, another large hyperscaler deal, sustained positive operating cash flow, and continued manufacturing cost reductions. Despite premium valuation, BE’s profitability, $20B backlog, and asset-light shift support significant growth potential, with regulatory and execution risks to monitor. Read the full article on Seeking Alpha
RRX
US$212.74
Regal Rexnord
7D
3.5%
1Y
33.0%
Narrative Update • Jul 24

RRX: Data Center And Automation Exposure Will Underpin New CEO Transition

The analyst price target for Regal Rexnord in this framework moves from $225 to $240. This reflects analysts' focus on improving earnings algorithms, potential multiple expansion in automation and data center exposure, and a broadly supportive read-through from recent sector research updates.
DPC
US$49.91
DPC Holdings
7D
10.8%
1Y
n/a
Seeking Alpha • Jul 23

DPC Holdings: Visible Customer-Funded Growth

Summary I rate DPC Holdings a buy, driven by robust demand, customer-funded capacity, and long-term contracts supporting growth and margin expansion. DPC’s mission-critical castings, high qualification barriers, and vertical integration underpin its competitive moat and recurring aftermarket revenue. Customer partnerships are expected to add >$200 million in annual revenue, with a backlog covering over 12 months of production and clear visibility to 2029. I target $87/share, reflecting margin expansion to 28% by FY2029 and premium multiples justified by supply constraints and pricing power. Read the full article on Seeking Alpha
VICR
US$211.01
Vicor
7D
-8.6%
1Y
359.0%
Narrative Update • Jul 23

VICR: AI Licensing And Backlog Strength Will Drive Future Upside

The analyst price target for Vicor has been reset from $375 to $320 as analysts factor in updated fair value, slightly lower revenue growth assumptions of 37.29% versus 41.62%, a modestly higher profit margin outlook of 32.63% versus 32.33%, and a lower future P/E of 50.86 versus 58.58 following recent shareholder meeting insights. Analyst Commentary Recent research on Vicor reflects a mix of optimism about long-term potential and a more restrained view when it comes to valuation, execution risks, and the timing of growth tied to its financial targets and AI related opportunities.
GNRC
US$202.01
Generac Holdings
7D
-5.3%
1Y
29.9%
Seeking Alpha • Jul 22

Generac: The AI Story Is Already Priced In

Summary Generac Holdings is transitioning from residential generators to a power solutions provider, with Commercial & Industrial (C&I) now the primary growth driver. Management guides for mid-teens revenue growth and gradual margin expansion, targeting $6.4 billion in revenue by 2028, underpinned by strong data center demand. The C&I segment is expected to grow 20-25% annually through 2028 but operates at lower margins than residential. Modest margin improvement is anticipated as scale increases. I assign a Hold rating as the current valuation (forward P/E ~30x) already reflects much of the anticipated growth and operational improvements. Read the full article on Seeking Alpha
POWL
US$232.21
Powell Industries
7D
1.7%
1Y
187.4%
Seeking Alpha • Jul 22

Powell Industries Q3 Preview: Good Time To Add Before Earnings (Rating Upgrade)

Summary Powell Industries shares dropped 22%, creating a compelling re-entry point given robust backlog and AI-driven demand. Q3 expectations include $1.49 adjusted EPS on $316.9 million revenue, with potential for a double beat as backlog and new orders surge. Backlog strength, especially from data center projects, is a key growth driver; Q3 backlog could exceed $2.2 billion with new orders possibly near triple-digit y/y growth. I am buying more POWL after the recent dip, viewing AI-related fears as overblown and expecting further upside as margin and revenue mix improve. Read the full article on Seeking Alpha
ROK
US$462.16
Rockwell Automation
7D
0.8%
1Y
29.8%
NVT
US$151.79
nVent Electric
7D
-1.9%
1Y
92.0%
AME
US$241.97
AMETEK
7D
2.9%
1Y
35.3%
INIO
US$26.28
Innio
7D
-4.3%
1Y
n/a
FPS
US$35.89
Forgent Power Solutions
7D
-6.8%
1Y
n/a