The Returns At Eaton (NYSE:ETN) Aren't Growing
Jun 03
U.S. Electrical Industry Analysis
UpdatedJun 04, 2024
DataAggregated Company Financials
Companies133
- 7D-4.4%
- 3M6.4%
- 1Y28.2%
- YTD16.4%
Over the last 7 days, the Electrical industry has dropped 4.4%, driven by Eaton declining 4.8%. In contrast, Sunrun has gained 8.5%. In the past year, the industry has gained 28%. As for the next few years, earnings are expected to grow by 20% per annum.
Industry Valuation and Performance
Has the U.S. Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 04 Jun 2024 | US$495.6b | US$159.6b | US$6.2b | 20.4x | 80.1x | 3.1x |
| Thu, 02 May 2024 | US$465.8b | US$160.3b | US$7.7b | 20.2x | 60.2x | 2.9x |
| Sat, 30 Mar 2024 | US$452.6b | US$126.0b | US$7.9b | 22.1x | 57.2x | 3.6x |
| Mon, 26 Feb 2024 | US$416.5b | US$127.9b | US$9.4b | 19.4x | 44.4x | 3.3x |
| Wed, 24 Jan 2024 | US$397.2b | US$139.2b | US$7.9b | 19x | 50x | 2.9x |
| Fri, 22 Dec 2023 | US$394.5b | US$139.3b | US$7.9b | 20.2x | 49.8x | 2.8x |
| Sun, 19 Nov 2023 | US$363.4b | US$139.2b | US$8.0b | 18.7x | 45.5x | 2.6x |
| Tue, 17 Oct 2023 | US$370.6b | US$144.1b | US$11.5b | 18.3x | 32.3x | 2.6x |
| Thu, 14 Sep 2023 | US$389.2b | US$144.2b | US$11.6b | 20.2x | 33.6x | 2.7x |
| Sat, 12 Aug 2023 | US$394.3b | US$144.8b | US$12.0b | 19.4x | 33x | 2.7x |
| Mon, 10 Jul 2023 | US$355.8b | US$130.9b | US$7.8b | 25.3x | 45.6x | 2.7x |
| Wed, 07 Jun 2023 | US$331.4b | US$131.1b | US$7.7b | 24.5x | 43.2x | 2.5x |
| Fri, 05 May 2023 | US$305.9b | US$130.4b | US$7.9b | 17.7x | 39x | 2.3x |
| Sun, 02 Apr 2023 | US$325.3b | US$127.9b | US$7.7b | 19.1x | 42.1x | 2.5x |
| Tue, 28 Feb 2023 | US$313.8b | US$116.1b | US$8.9b | 20.4x | 35.1x | 2.7x |
| Thu, 26 Jan 2023 | US$306.8b | US$114.1b | US$8.8b | 20.4x | 35.1x | 2.7x |
| Sat, 24 Dec 2022 | US$292.6b | US$113.8b | US$8.8b | 18.8x | 33.4x | 2.6x |
| Mon, 21 Nov 2022 | US$309.1b | US$113.3b | US$8.6b | 19.5x | 35.8x | 2.7x |
| Wed, 19 Oct 2022 | US$277.6b | US$108.4b | US$8.5b | 19.4x | 32.8x | 2.6x |
| Fri, 16 Sep 2022 | US$300.5b | US$107.9b | US$8.4b | 19.5x | 35.7x | 2.8x |
| Sun, 14 Aug 2022 | US$317.0b | US$106.1b | US$8.6b | 22.8x | 37x | 3x |
| Tue, 12 Jul 2022 | US$257.9b | US$105.1b | US$7.5b | 17.1x | 34.2x | 2.5x |
| Thu, 09 Jun 2022 | US$298.3b | US$104.8b | US$7.5b | 20x | 39.6x | 2.8x |
| Sat, 07 May 2022 | US$286.7b | US$104.0b | US$7.9b | 18.4x | 36.3x | 2.8x |
| Mon, 04 Apr 2022 | US$323.6b | US$99.4b | US$7.5b | 21.2x | 43.3x | 3.3x |
| Wed, 02 Mar 2022 | US$303.3b | US$98.7b | US$7.5b | 21.2x | 40.5x | 3.1x |
| Fri, 28 Jan 2022 | US$292.5b | US$94.4b | US$7.9b | 22.3x | 37x | 3.1x |
| Sun, 26 Dec 2021 | US$343.4b | US$94.3b | US$7.5b | 23.6x | 45.7x | 3.6x |
| Tue, 23 Nov 2021 | US$380.5b | US$95.0b | US$7.8b | 24.4x | 48.6x | 4x |
| Thu, 21 Oct 2021 | US$326.9b | US$89.2b | US$8.0b | 23.9x | 40.7x | 3.7x |
| Sat, 18 Sep 2021 | US$310.2b | US$89.1b | US$8.0b | 23.2x | 38.8x | 3.5x |
| Mon, 16 Aug 2021 | US$323.8b | US$89.4b | US$7.9b | 24.1x | 41x | 3.6x |
Price to Earnings Ratio
39.6x
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 80.1x which is higher than its 3-year average PE of 41.3x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 7.7% per year over the last three years.
- Meanwhile revenues for these companies have grown 21% 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 Market | -0.61% | |
| Industrials | -2.34% | |
| Electrical | -4.40% | |
| Heavy Electrical Equipment | -3.63% | |
| Electrical Components | -4.50% | |
Industry PE
- Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 35.8x.
- Analysts are expecting annual earnings growth of 17.5%, which is higher than its past year's earnings growth of 13.5% per year.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings decline of 67% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 18% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RUN Sunrun | US$14.53 | 8.5% +US$252.7m | -21.4% | PS1.5x | |
| AMSC American Superconductor | US$20.77 | 29.3% +US$170.2m | 219.5% | PS5.2x | |
| WIRE Encore Wire | US$288.55 | 3.5% +US$155.7m | 70.1% | PE14.4x | |
| PLUG Plug Power | US$3.45 | 6.2% +US$148.5m | -59.0% | PS3.2x | |
| FLNC Fluence Energy | US$24.40 | 4.9% +US$147.1m | -0.8% | PS1.4x |
