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U.S. Electrical Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies132
  • 7D1.1%
  • 3M28.3%
  • 1Y81.0%
  • YTD41.2%

Last week, the Electrical industry hasn't moved much but Eaton is up 4.1% in that time. As for the the longer term, the industry is up 82% over the past 12 months. Looking forward, 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, 05 Jun 2026US$1.0tUS$171.8bUS$19.9b39.7x52.7x6.1x
Sun, 03 May 2026US$1.0tUS$170.4bUS$19.8b35x52.9x6.1x
Tue, 31 Mar 2026US$825.5bUS$167.2bUS$14.9b30.6x55.2x4.9x
Thu, 26 Feb 2026US$890.8bUS$166.6bUS$11.3b34.9x78.6x5.3x
Sat, 24 Jan 2026US$756.7bUS$162.2bUS$7.5b32.5x101.4x4.7x
Mon, 22 Dec 2025US$689.5bUS$161.8bUS$7.4b31.4x92.9x4.3x
Wed, 19 Nov 2025US$672.4bUS$162.0bUS$7.5b26.7x89.3x4.2x
Fri, 17 Oct 2025US$729.2bUS$157.3bUS$7.3b30.5x99.6x4.6x
Sun, 14 Sep 2025US$670.0bUS$157.1bUS$7.3b30.5x91.3x4.3x
Tue, 12 Aug 2025US$659.8bUS$156.8bUS$7.4b31.7x88.9x4.2x
Thu, 10 Jul 2025US$617.7bUS$153.6bUS$7.4b27.7x83.3x4x
Sat, 07 Jun 2025US$559.1bUS$153.4bUS$7.4b26.4x75.8x3.6x
Mon, 05 May 2025US$485.1bUS$153.5bUS$7.4b22.4x65.2x3.2x
Wed, 02 Apr 2025US$442.5bUS$151.5bUS$6.6b22.8x67.1x2.9x
Fri, 28 Feb 2025US$500.5bUS$151.4bUS$9.8b24.5x51.1x3.3x
Sun, 26 Jan 2025US$589.9bUS$151.7bUS$9.5b24x62.1x3.9x
Tue, 24 Dec 2024US$536.7bUS$151.1bUS$9.3b22.5x57.9x3.6x
Thu, 21 Nov 2024US$568.5bUS$150.6bUS$9.2b22.4x61.5x3.8x
Sat, 19 Oct 2024US$513.7bUS$151.2bUS$7.5b19.5x68.4x3.4x
Mon, 16 Sep 2024US$454.0bUS$151.2bUS$7.4b18.1x61.5x3x
Wed, 14 Aug 2024US$424.5bUS$151.4bUS$7.2b18.3x58.8x2.8x
Fri, 12 Jul 2024US$477.6bUS$157.0bUS$5.8b19.6x81.7x3x
Sun, 09 Jun 2024US$471.4bUS$159.6bUS$6.2b19.7x76.1x3x
Tue, 07 May 2024US$481.7bUS$160.5bUS$7.7b21.3x62.5x3x
Thu, 04 Apr 2024US$454.4bUS$125.8bUS$7.9b22.6x57.7x3.6x
Sat, 02 Mar 2024US$426.0bUS$126.0bUS$7.9b20.4x54x3.4x
Mon, 29 Jan 2024US$396.5bUS$139.2bUS$8.0b19.6x49.9x2.8x
Wed, 27 Dec 2023US$403.6bUS$139.3bUS$7.9b20.4x50.9x2.9x
Fri, 24 Nov 2023US$365.3bUS$139.0bUS$8.0b18.7x45.9x2.6x
Sun, 22 Oct 2023US$343.2bUS$144.1bUS$11.5b17.2x29.9x2.4x
Tue, 19 Sep 2023US$390.6bUS$144.2bUS$11.6b20.4x33.7x2.7x
Thu, 17 Aug 2023US$388.1bUS$144.7bUS$11.9b19.3x32.6x2.7x
Sat, 15 Jul 2023US$367.6bUS$130.9bUS$7.8b26x47.2x2.8x
Mon, 12 Jun 2023US$337.6bUS$131.1bUS$7.7b24.5x44x2.6x
Price to Earnings Ratio

44x


Total Market Cap: US$337.6bTotal Earnings: US$7.7bTotal Revenue: US$131.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 64.3x202420252026
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 53.2x which is lower than its 3-year average PE of 64.3x.
  • The 3-year average PS ratio of 3.6x 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 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 Market-0.11%
Industrials-2.16%
Electrical1.08%
Electrical Components2.54%
Heavy Electrical Equipment-1.40%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 54.7x.
    • Analysts expect its future annual earnings growth (19.0%) 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 78.3x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 61% per year.
  • In contrast, the Electrical Components 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
ETN EatonUS$418.614.1%
+US$6.5b		28.2%PE40.7x
FPS Forgent Power SolutionsUS$64.5935.8%
+US$4.2b		n/aPE923.9x
VRT Vertiv Holdings CoUS$323.923.1%
+US$3.7b		188.6%PE79.8x
NXT NextpowerUS$150.329.6%
+US$2.0b		160.7%PE38.6x
NVT nVent ElectricUS$173.885.5%
+US$1.5b		162.2%PE58.4x

Latest News

GEV
US$963.33
GE Vernova
7D
-3.3%
1Y
98.9%
AMSC
US$46.40
American Superconductor
7D
-9.6%
1Y
45.6%
ROK
US$462.24
Rockwell Automation
7D
1.6%
1Y
44.2%
ETN
US$418.61
Eaton
7D
4.1%
1Y
28.2%
NXT
US$150.32
Nextpower
7D
9.6%
1Y
160.7%
Narrative Update • Jun 04

NXT: Expanded Storage And Power Conversion Platform Will Support Future Upside

Analysts have raised their price target on Nextpower from $145.00 to $182.00, citing updated assumptions for revenue growth, discount rate, profit margin, and future P/E that they see as better reflecting the stock's risk and earnings profile. What's in the News Nextpower agreed to acquire selected power conversion assets from Zigor Corporation and Apex Power, expanding its offering into utility scale solar power conversion, battery energy storage, and data center markets.
FLNC
US$27.15
Fluence Energy
7D
27.1%
1Y
487.7%
Narrative Update • Jun 04

FLNC: AI Data Center Hype Will Outrun Near Term Earnings Delivery

Analysts have lifted the fair value estimate for Fluence Energy from $15.24 to $18.59 as they factor in higher assumed revenue growth, improved profit margins, and the potential impact of new AI data center opportunities highlighted in recent research, including the Nvidia and Siemens partnership. Analyst Commentary Recent Street research on Fluence Energy reflects a mix of optimism around new growth avenues, especially tied to AI data centers, and caution related to execution risks and prior target cuts.
RUN
US$14.82
Sunrun
7D
-6.7%
1Y
76.8%
VRT
US$323.92
Vertiv Holdings Co
7D
3.1%
1Y
188.6%
NVT
US$173.88
nVent Electric
7D
5.5%
1Y
162.2%
PLUG
US$3.60
Plug Power
7D
-12.6%
1Y
313.1%
Narrative Update • Jun 03

PLUG: Future Returns Will Hinge On Executing 2026 Profitability Targets

Plug Power's updated analyst price target edges higher by $1.00 to $3.75 as analysts factor in recent cost reduction progress, slightly adjusted growth and margin assumptions, and updated expectations for future P/E multiples. Analyst Commentary Recent research updates reflect a mix of cautious optimism and ongoing skepticism around Plug Power.
XE
US$23.65
X-Energy
7D
-14.3%
1Y
n/a
VICR
US$306.12
Vicor
7D
-10.5%
1Y
590.9%
Narrative Update • Jun 02

VICR: Raised Revenue Guidance And Licensing Shift Will Shape Future Balanced Outlook

Analysts lifted their price target on Vicor by $41.25 to $323.75, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E multiples that align with recent Street research. What's in the News Vicor raised its Q2 2026 revenue guidance from US$126 million to US$142 million, supported by product revenues and royalties from a new OEM licensee for its patented power system technologies.
FCEL
US$21.40
FuelCell Energy
7D
-12.3%
1Y
311.5%
Narrative Update • Jun 01

FCEL: Data Center Execution Risks Will Likely Limit Future Share Upside

Analysts have trimmed their price target on FuelCell Energy stock to $6 from $7. This reflects caution around recent results, competitive pressure in data center opportunities, and lingering questions about the path to sustained profitability.
FPS
US$64.59
Forgent Power Solutions
7D
35.8%
1Y
n/a
EOSE
US$8.08
Eos Energy Enterprises
7D
-10.1%
1Y
106.1%
AME
US$228.76
AMETEK
7D
1.5%
1Y
29.3%