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U.S. Electrical Industry Analysis

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies133
  • 7D6.6%
  • 3M35.2%
  • 1Y118.7%
  • YTD41.6%

The Electrical industry is up 6.6% in the last week, with GE Vernova up 15%. This takes the industry's 12 month performance to a gain of 119%. As for the next few years, earnings are expected to grow by 16% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Apr 2026US$1.0tUS$169.5bUS$19.6b33.8x53.4x6.2x
Tue, 24 Mar 2026US$830.5bUS$167.2bUS$15.0b31.4x55.5x5x
Thu, 19 Feb 2026US$865.9bUS$166.6bUS$11.2b35.2x77.3x5.2x
Sat, 17 Jan 2026US$736.2bUS$162.0bUS$7.4b33.1x98.9x4.5x
Mon, 15 Dec 2025US$706.9bUS$161.8bUS$7.4b31.6x95.3x4.4x
Wed, 12 Nov 2025US$723.0bUS$161.9bUS$7.9b29.5x91x4.5x
Fri, 10 Oct 2025US$702.1bUS$157.3bUS$7.3b28.7x95.9x4.5x
Sun, 07 Sep 2025US$646.6bUS$157.1bUS$7.4b30.1x87.5x4.1x
Tue, 05 Aug 2025US$679.0bUS$155.7bUS$7.1b28.6x96.3x4.4x
Thu, 03 Jul 2025US$602.1bUS$153.6bUS$7.4b27.8x81.2x3.9x
Sat, 31 May 2025US$551.4bUS$153.4bUS$7.4b26x74.9x3.6x
Mon, 28 Apr 2025US$467.5bUS$152.8bUS$7.1b22.7x65.5x3.1x
Wed, 26 Mar 2025US$488.7bUS$151.5bUS$6.4b24.4x76.1x3.2x
Fri, 21 Feb 2025US$530.2bUS$151.4bUS$9.9b25.5x53.8x3.5x
Sun, 19 Jan 2025US$566.6bUS$151.1bUS$9.2b23.5x61.5x3.7x
Tue, 17 Dec 2024US$555.2bUS$151.1bUS$9.3b23.6x59.9x3.7x
Thu, 14 Nov 2024US$559.5bUS$152.3bUS$9.0b25x62.5x3.7x
Sat, 12 Oct 2024US$498.5bUS$151.2bUS$7.4b19.8x67x3.3x
Mon, 09 Sep 2024US$421.0bUS$151.3bUS$7.3b17.3x57.4x2.8x
Wed, 07 Aug 2024US$412.9bUS$151.7bUS$7.4b16.7x56.2x2.7x
Fri, 05 Jul 2024US$468.4bUS$157.0bUS$5.8b19.4x80.2x3x
Sun, 02 Jun 2024US$495.6bUS$159.6bUS$6.2b21x80.1x3.1x
Tue, 30 Apr 2024US$473.8bUS$159.6bUS$7.6b21.1x62.7x3x
Thu, 28 Mar 2024US$452.2bUS$126.0bUS$7.9b22x57.2x3.6x
Sat, 24 Feb 2024US$416.2bUS$127.9bUS$9.4b19.4x44.4x3.3x
Mon, 22 Jan 2024US$394.1bUS$139.2bUS$7.9b18.9x49.6x2.8x
Wed, 20 Dec 2023US$402.4bUS$139.3bUS$7.9b20.9x50.7x2.9x
Fri, 17 Nov 2023US$364.3bUS$139.2bUS$8.0b19x45.6x2.6x
Sun, 15 Oct 2023US$368.2bUS$144.1bUS$11.5b18.2x32.1x2.6x
Tue, 12 Sep 2023US$401.1bUS$144.2bUS$11.6b21x34.6x2.8x
Thu, 10 Aug 2023US$399.3bUS$144.2bUS$12.2b22.8x32.6x2.8x
Sat, 08 Jul 2023US$355.6bUS$130.9bUS$7.8b25.3x45.6x2.7x
Mon, 05 Jun 2023US$331.2bUS$131.1bUS$7.7b24x43.2x2.5x
Wed, 03 May 2023US$310.3bUS$129.8bUS$8.0b18x38.6x2.4x
Price to Earnings Ratio

38.6x


Total Market Cap: US$310.3bTotal Earnings: US$8.0bTotal Revenue: US$129.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 63.8x202420252026
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 53.4x which is lower than its 3-year average PE of 63.8x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 6.2x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 35% per year over the last three years.
  • Revenues for these companies have grown 9.3% 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 Market0.39%
Industrials-0.51%
Electrical6.56%
Heavy Electrical Equipment13.30%
Electrical Components2.81%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 53.8x.
    • Analysts are expecting annual earnings growth of 17.0%, which is higher than its past year's earnings growth of 13.6% per year.
  • Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 76.1x.
Forecasted Growth
  • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings growth rate of 14% per year.
  • In contrast, the Heavy Electrical Equipment 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
GEV GE VernovaUS$1.15k14.6%
+US$39.2b		208.6%PE32.9x
ETN EatonUS$423.924.4%
+US$6.9b		46.8%PE40.2x
VRT Vertiv Holdings CoUS$323.465.2%
+US$6.7b		272.0%PE79.7x
BE Bloom EnergyUS$231.1711.2%
+US$6.5b		1,121.2%PS32x
VICR VicorUS$273.5325.4%
+US$2.5b		431.2%PE89.4x

Latest News

HUBB
US$553.07
Hubbell
7D
3.3%
1Y
53.7%
GEV
US$1,149.19
GE Vernova
7D
14.6%
1Y
208.6%

GE Vernova's earnings will soar to $4.2 billion by 2030

With their updated backlog and orders building daily. I believe GEV has a big run ahead.
ETN
US$423.92
Eaton
7D
4.4%
1Y
46.8%
VICR
US$273.53
Vicor
7D
25.4%
1Y
431.2%

VICR: Higher P/E Assumptions And Index Shift Will Shape Balanced Outlook

Analysts have raised their price target for Vicor from $208.75 to $282.50, citing updated assumptions for revenue growth, profitability, and long-term P/E multiples that are consistent with the latest Street research. Analyst Commentary Recent Street research includes a reported US$40 increase in the Vicor price target, which reflects updated assumptions around revenue growth, profitability, and long term P/E multiples.
NXT
US$121.41
Nextpower
7D
9.0%
1Y
178.1%
VRT
US$323.46
Vertiv Holdings Co
7D
5.2%
1Y
272.0%

Vertiv: Mounting Worries Of Peak Growth And Peak Valuation

Apr 23
ROK
US$401.18
Rockwell Automation
7D
-3.5%
1Y
61.5%
AYI
US$289.57
Acuity
7D
-1.0%
1Y
19.2%

AYI: Nonresidential Recovery And Seasonal Strength Will Support Future Upside

The updated analyst price target for Acuity reflects a modest reduction of about $1, as analysts factor in slightly higher discount rates and a higher assumed future P/E, along with relatively steady revenue growth and profit margin expectations. Analyst Commentary Recent research commentary on Acuity clusters around revised price targets and cautious tweaks to earnings assumptions, with most analysts citing project uncertainty and pressure in nonresidential activity as key inputs to their models.
EMR
US$141.35
Emerson Electric
7D
-3.4%
1Y
34.3%

EMR: AI Disruption Risk Will Shape Future Automation And Software Execution Outcomes

Analyst price targets for Emerson Electric have been adjusted modestly, with mixed recent research that includes several target cuts from Wells Fargo and Barclays alongside multiple target increases and rating changes. The updated target is $205.00 as analysts balance AI related competitive risks with company specific drivers.
SMR
US$11.96
NuScale Power
7D
-5.5%
1Y
-28.2%

SMR: DOE Fuel Support And ENTRA1 Progress Will Shape Future Commercialization

NuScale Power's analyst price target has been trimmed by about $0.30 to $20.42 as analysts factor in a slightly higher discount rate and modestly lower assumed profit margins, while still reflecting ongoing, lengthy commercialization timelines highlighted in recent research. Analyst Commentary Recent research on NuScale Power reflects a mixed backdrop where price targets are being reset, yet several firms still see room for value creation if the company executes on its commercialization plans and funding strategy.
AME
US$232.95
AMETEK
7D
-1.4%
1Y
39.8%

AME: AI Hardware Disruption And Cash Returns Will Guide Future Outcomes

Analysts made a small upward adjustment to the AMETEK price target to $250, reflecting modest tweaks to discount rate, revenue growth, margin, and P/E assumptions after a mix of recent bullish initiations, target changes, and AI related hardware risk commentary. Analyst Commentary Recent research on AMETEK reflects a mix of optimism around execution and valuation support, alongside fresh questions about long term risks linked to AI and high margin hardware exposure.
NVT
US$142.17
nVent Electric
7D
5.6%
1Y
159.4%
BE
US$231.17
Bloom Energy
7D
11.2%
1Y
1,121.2%
BW
US$14.50
Babcock & Wilcox Enterprises
7D
-21.0%
1Y
3,612.2%
NNE
US$24.50
NANO Nuclear Energy
7D
-5.2%
1Y
6.9%
PSIX
US$77.04
Power Solutions International
7D
-3.2%
1Y
184.9%