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U.S. Electrical Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies135
  • 7D12.7%
  • 3M31.4%
  • 1Y84.0%
  • YTD48.0%

The Electrical industry is up 13% in the last week, with GE Vernova up 22%. During this same period, the Factorial Energy underperformed, falling 14%. This takes the industry's 12 month performance to a gain of 76%. Earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Jun 2026US$1.1tUS$171.8bUS$20.1b39.7x52.6x6.2x
Sun, 17 May 2026US$1.1tUS$172.3bUS$20.0b36.6x52.8x6.1x
Tue, 14 Apr 2026US$939.1bUS$167.5bUS$14.9b34.3x63.2x5.6x
Thu, 12 Mar 2026US$855.3bUS$166.9bUS$15.0b32.3x57x5.1x
Sat, 07 Feb 2026US$792.1bUS$166.0bUS$11.1b35.8x71.2x4.8x
Mon, 05 Jan 2026US$716.4bUS$161.8bUS$7.4b30.5x96.4x4.4x
Wed, 03 Dec 2025US$681.9bUS$161.8bUS$7.4b30.9x92.2x4.2x
Fri, 31 Oct 2025US$734.3bUS$159.5bUS$7.9b31.4x92.6x4.6x
Sun, 28 Sep 2025US$667.0bUS$157.1bUS$7.3b29.3x91x4.2x
Tue, 26 Aug 2025US$649.3bUS$157.1bUS$7.4b30.7x88x4.1x
Thu, 24 Jul 2025US$638.4bUS$153.6bUS$7.5b28.7x85.6x4.2x
Sat, 21 Jun 2025US$578.1bUS$153.4bUS$7.4b27.6x77.7x3.8x
Mon, 19 May 2025US$537.9bUS$153.3bUS$7.3b22.1x73.4x3.5x
Wed, 16 Apr 2025US$434.3bUS$151.6bUS$6.6b21.8x66x2.9x
Fri, 14 Mar 2025US$461.0bUS$151.6bUS$6.5b23.2x71.4x3x
Sun, 09 Feb 2025US$533.9bUS$151.2bUS$9.7b26.8x55x3.5x
Tue, 07 Jan 2025US$527.7bUS$151.1bUS$9.2b22.3x57.3x3.5x
Thu, 05 Dec 2024US$572.1bUS$151.1bUS$9.2b24.5x62.2x3.8x
Sat, 02 Nov 2024US$509.1bUS$153.0bUS$7.9b19x64.4x3.3x
Mon, 30 Sep 2024US$487.5bUS$151.2bUS$7.4b20.3x65.9x3.2x
Wed, 28 Aug 2024US$443.9bUS$151.3bUS$7.3b18.5x61x2.9x
Fri, 26 Jul 2024US$456.3bUS$157.2bUS$5.9b19.7x77.1x2.9x
Sun, 23 Jun 2024US$474.7bUS$159.6bUS$6.2b18.9x76.4x3x
Tue, 21 May 2024US$485.8bUS$160.8bUS$7.8b19.8x62.3x3x
Thu, 18 Apr 2024US$459.4bUS$159.1bUS$7.5b20.1x61.3x2.9x
Sat, 16 Mar 2024US$432.7bUS$126.0bUS$7.9b20.8x54.6x3.4x
Mon, 12 Feb 2024US$416.0bUS$130.3bUS$9.6b19.8x43.6x3.2x
Wed, 10 Jan 2024US$393.6bUS$139.2bUS$7.9b19.1x49.5x2.8x
Fri, 08 Dec 2023US$368.7bUS$139.3bUS$7.9b19.1x46.5x2.6x
Sun, 05 Nov 2023US$357.2bUS$145.7bUS$9.9b17.5x36.3x2.5x
Tue, 03 Oct 2023US$378.0bUS$144.2bUS$11.5b18.9x32.8x2.6x
Thu, 31 Aug 2023US$402.7bUS$144.2bUS$11.6b20.3x34.7x2.8x
Sat, 29 Jul 2023US$365.6bUS$131.1bUS$7.8b25.8x47.1x2.8x
Mon, 26 Jun 2023US$345.7bUS$131.1bUS$7.6b25.5x45.5x2.6x
Price to Earnings Ratio

45.5x


Total Market Cap: US$345.7bTotal Earnings: US$7.6bTotal Revenue: US$131.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 64.4x202420252026
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 52.6x which is lower than its 3-year average PE of 64.4x.
  • The 3-year average PS ratio of 3.6x is lower than the industry's current PS ratio of 6.0x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 9.4% 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 Market1.65%
Industrials2.84%
Electrical12.65%
Heavy Electrical Equipment23.09%
Electrical Components7.13%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 54.9x.
    • Analysts expect its future annual earnings growth (19.1%) 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 79.0x.
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 19% 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$1.11k22.4%
+US$54.5b		126.4%PE31.8x
BE Bloom EnergyUS$328.9132.2%
+US$22.8b		1,429.8%PE15507.4x
VRT Vertiv Holdings CoUS$333.0511.8%
+US$13.5b		179.7%PE82.1x
ETN EatonUS$421.777.1%
+US$10.9b		26.0%PE41.1x
EMR Emerson ElectricUS$150.666.0%
+US$4.8b		17.1%PE34.6x

Latest News

GEV
US$1,109.73
GE Vernova
7D
22.4%
1Y
126.4%
Seeking Alpha • Jun 18

GE Vernova: Never Chase A Stock, Even In An AI Power Boom

Summary GE Vernova is central to the energy market boom, benefiting from AI/data-center demand, grid upgrades, and turbine scarcity. GEV's backlog approaches $200B for 2028, with over 55% in services, supporting a 20% EBITDA margin and $24B+ free cash flow through 2028. Valuation is stretched at 215% above sector median P/E; GEV must continually beat consensus to justify its premium and avoid a reset. My rating is Hold: GEV's scarcity value is compelling, but current valuation offers no margin of safety for new capital deployment. Read the full article on Seeking Alpha
EMR
US$150.66
Emerson Electric
7D
6.0%
1Y
17.1%
HUBB
US$523.69
Hubbell
7D
11.6%
1Y
31.3%
Narrative Update • Jun 17

HUBB: Grid Projects And NSI Deal Will Support Future Stock Returns

Hubbell's analyst price target has been revised from $585 to $605, reflecting updated assumptions on revenue growth, margins, and future P/E. These adjustments align with recent Street research, where analysts updated their targets and short-term views on the stock.
EROC
US$16.34
ERock
7D
-8.8%
1Y
n/a
STI
US$17.45
Solidion Technology
7D
-32.4%
1Y
400.0%
HDRN
US$2.58
Hadron Energy
7D
-11.9%
1Y
-75.0%
VRT
US$333.05
Vertiv Holdings Co
7D
11.8%
1Y
179.7%
Narrative Update • Jun 16

VRT: AI Data Center Backlog Strength Will Likely Outrun Future Earnings Power

Analysts have revised their fair value estimate for Vertiv Holdings Co to $271.16 from $155.12, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that together support a higher long term price target framework. What's in the News Vertiv Holdings is closely tied to the AI infrastructure buildout, with recent reports highlighting a $15b order backlog and operating margins above 20%, alongside strong free cash flow and growing recognition through S&P 500 inclusion and investment grade credit ratings (source: Vertiv Holdings Reports Strong Growth and Expanding Margins Amid AI Infrastructure Boom).
ETN
US$421.77
Eaton
7D
7.1%
1Y
26.0%
Analysis Article • Jun 16

Eaton (ETN) Stock Valuation Check After Strong Multi‑Year Returns

Eaton (ETN) has drawn investor attention after recent performance data showed a past 3 months total return of 11.85% and a 1 year total return of 21.82%, with shares last closing at US$407.06. See our latest analysis for Eaton. Recent trading has added to that picture, with a 4.00% 1 day share price return and an 11.85% 90 day share price return, alongside a 3 year total shareholder return of 121.26%. This suggests momentum has been building over both shorter and longer periods. If Eaton’s...
BE
US$328.91
Bloom Energy
7D
32.2%
1Y
1,429.8%
FAC
US$14.59
Factorial Energy
7D
-4.8%
1Y
n/a
EAF
US$7.71
GrafTech International
7D
-8.1%
1Y
-37.3%
Narrative Update • Jun 15

EAF: Higher 2026 Volume Commitments Will Support Repriced Upside Case

Analysts have adjusted their view on GrafTech International with a revised price target of $11.00. This reflects updated assumptions for discount rate, revenue growth, profit margin and future P/E following mixed recent research that included both a target increase at one firm and a downgrade at another.
NRGV
US$4.10
Energy Vault Holdings
7D
-7.7%
1Y
361.0%
Narrative Update • Jun 14

NRGV: Data Center And AI Projects Will Drive Future Cash Generation

Analysts have trimmed their price target for Energy Vault Holdings by $0.06 to $5.48. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E after new coverage that highlights both the company’s capital light model and the need for clearer growth catalysts.
AME
US$237.42
AMETEK
7D
5.0%
1Y
33.6%
AMPX
US$16.17
Amprius Technologies
7D
-5.4%
1Y
328.9%
Narrative Update • Jun 10

AMPX: Defense Demand And New Customers Will Test Silicon Battery Scaling Potential

Analysts have maintained their $18.00 fair value target for Amprius Technologies, citing refreshed coverage that highlights a larger addressable market, revenue projections of $530 million by 2029, and confidence in the company's silicon anode battery technology as key supports for the valuation. Analyst Commentary Recent coverage paints a mixed picture for Amprius Technologies.
INIO
US$37.45
Innio
7D
15.7%
1Y
n/a
NKLR
US$5.14
Terra Innovatum Global
7D
-1.7%
1Y
-53.8%