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U.S. Electrical Industry Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies129
  • 7D2.6%
  • 3M21.7%
  • 1Y76.3%
  • YTD17.3%

Over the last 7 days, the Electrical industry has dropped 1.5%, driven by a pullback from Emerson Electric of 1.7%. On the other hand GE Vernova is actually up 5.4%. In the past year, the industry has gained 74%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Mar 2026US$844.9bUS$167.2bUS$15.0b30.9x56.5x5.1x
Sun, 15 Feb 2026US$853.6bUS$166.6bUS$11.3b36.4x75.8x5.1x
Tue, 13 Jan 2026US$715.1bUS$162.0bUS$7.4b32.2x96x4.4x
Thu, 11 Dec 2025US$735.0bUS$161.8bUS$7.4b31.4x99.1x4.5x
Sat, 08 Nov 2025US$708.8bUS$161.8bUS$8.0b29.9x88.6x4.4x
Mon, 06 Oct 2025US$689.8bUS$157.3bUS$7.3b28.8x94.2x4.4x
Wed, 03 Sep 2025US$649.2bUS$157.1bUS$7.4b29.7x87.8x4.1x
Fri, 01 Aug 2025US$687.8bUS$155.4bUS$6.9b29.1x99.4x4.4x
Sun, 29 Jun 2025US$597.3bUS$153.6bUS$7.4b27.2x80.6x3.9x
Tue, 27 May 2025US$543.1bUS$153.4bUS$7.4b26.1x73.8x3.5x
Thu, 24 Apr 2025US$430.1bUS$152.8bUS$7.1b21.5x60.3x2.8x
Sat, 22 Mar 2025US$476.6bUS$151.5bUS$6.4b23.4x74.4x3.1x
Mon, 17 Feb 2025US$525.5bUS$151.4bUS$9.8b26.3x53.5x3.5x
Wed, 15 Jan 2025US$548.8bUS$151.1bUS$9.2b23.1x59.5x3.6x
Fri, 13 Dec 2024US$563.9bUS$151.1bUS$9.3b24x60.8x3.7x
Sun, 10 Nov 2024US$562.8bUS$152.0bUS$8.9b24.3x63x3.7x
Tue, 08 Oct 2024US$497.4bUS$151.2bUS$7.4b20.2x66.8x3.3x
Thu, 05 Sep 2024US$431.0bUS$151.3bUS$7.3b18.1x59.1x2.8x
Sat, 03 Aug 2024US$443.6bUS$151.7bUS$7.4b17.9x60.3x2.9x
Mon, 01 Jul 2024US$469.2bUS$159.5bUS$6.2b19x75.4x2.9x
Wed, 29 May 2024US$507.1bUS$159.6bUS$6.2b23.3x82.1x3.2x
Fri, 26 Apr 2024US$465.7bUS$159.2bUS$7.4b20.8x63.2x2.9x
Sun, 24 Mar 2024US$450.6bUS$126.0bUS$8.0b22x56.7x3.6x
Tue, 20 Feb 2024US$416.4bUS$129.3bUS$9.4b19.7x44.2x3.2x
Thu, 18 Jan 2024US$385.1bUS$139.2bUS$7.9b18.4x48.5x2.8x
Sat, 16 Dec 2023US$400.4bUS$139.3bUS$7.9b20.3x50.5x2.9x
Mon, 13 Nov 2023US$352.8bUS$140.3bUS$8.6b17.3x40.9x2.5x
Wed, 11 Oct 2023US$377.3bUS$144.1bUS$11.5b18.8x32.9x2.6x
Fri, 08 Sep 2023US$402.6bUS$144.2bUS$11.6b20.7x34.8x2.8x
Sun, 06 Aug 2023US$393.6bUS$144.1bUS$12.2b22x32.4x2.7x
Tue, 04 Jul 2023US$362.8bUS$130.9bUS$7.8b26.3x46.5x2.8x
Thu, 01 Jun 2023US$316.7bUS$131.0bUS$7.8b22.6x40.7x2.4x
Sat, 29 Apr 2023US$309.1bUS$129.0bUS$7.9b17.9x39.1x2.4x
Mon, 27 Mar 2023US$307.4bUS$127.8bUS$7.8b18x39.5x2.4x
Price to Earnings Ratio

39.5x


Total Market Cap: US$307.4bTotal Earnings: US$7.8bTotal Revenue: US$127.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 63.2x202420252026
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 56.8x which is lower than its 3-year average PE of 63.2x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 5.1x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 24% 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-0.66%
Industrials-0.55%
Electrical2.60%
Heavy Electrical Equipment5.53%
Electrical Components1.12%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average PE ratio of 73.1x.
    • Analysts are expecting annual earnings growth of 25.6%, which is lower than the prior year's growth of 284.9% per year.
  • Investors are most pessimistic about the Electrical Components industry, which is trading close to its 3-year average of 53.0x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 26% over the next 5 years.
  • In contrast, the Electrical Components 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
GEV GE VernovaUS$877.395.4%
+US$12.2b		160.5%PE48.4x
ETN EatonUS$360.233.3%
+US$4.5b		21.9%PE34.2x
BE Bloom EnergyUS$166.696.1%
+US$2.7b		556.0%PS23.1x
NVT nVent ElectricUS$122.5813.6%
+US$2.4b		115.6%PE46.3x
VRT Vertiv Holdings CoUS$269.171.4%
+US$1.5b		202.2%PE77.3x

Latest News

BE
US$166.69
Bloom Energy
7D
6.1%
1Y
556.0%
RRX
US$185.41
Regal Rexnord
7D
-1.2%
1Y
50.1%
GNRC
US$200.85
Generac Holdings
7D
-1.6%
1Y
50.6%

GNRC: AI Data Center Power Demand Will Reshape 2026 Outlook

Analysts have maintained the fair value estimate for Generac at $292.00 while updating their price targets and ratings. They cite that many of the expected 2026 catalysts now appear reflected in the shares, following a wave of recent target increases and valuation-driven downgrades.
FPS
US$35.90
Forgent Power Solutions
7D
12.0%
1Y
n/a
NNE
US$21.01
NANO Nuclear Energy
7D
-11.5%
1Y
-32.1%
NVT
US$122.58
nVent Electric
7D
13.6%
1Y
115.6%

NVT: Rich Future P/E And Acquisition Ambitions Will Pressure Forward Returns

Analysts now set their fair value estimate for nVent Electric at about $85.03, a slight uptick from roughly $84.94. This reflects updated views on the discount rate, revenue growth near 5.29% and profit margin assumptions around 16.61%, along with a future P/E of about 23.20x.
ETN
US$360.23
Eaton
7D
3.3%
1Y
21.9%
AME
US$211.50
AMETEK
7D
-1.9%
1Y
20.2%
VICR
US$190.13
Vicor
7D
13.3%
1Y
259.0%

VICR: Higher P/E Assumptions And Buybacks Will Support Bullish Outlook

Analysts have raised their price target on Vicor from $196.25 to $208.75, citing updated assumptions around the discount rate, long-term revenue growth, profit margins, and future P/E that are consistent with recent Street research commentary. Analyst Commentary Recent Street research has focused on how updated assumptions around discount rates, long term revenue growth, profit margins, and future P/E feed into the higher price target for Vicor.
VRT
US$269.17
Vertiv Holdings Co
7D
1.4%
1Y
202.2%
EMR
US$129.90
Emerson Electric
7D
-1.7%
1Y
16.2%

EMR: AI Exposure And High Margins Will Support Future Upside

Emerson Electric's updated analyst price target holds steady at $204. Analysts are balancing slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E with a mix of recent target raises and downgrades that reflect both AI driven opportunity and competitive risk in high margin industrial hardware and software.
GEV
US$877.39
GE Vernova
7D
5.4%
1Y
160.5%

GEV: Long Term Equipment Contracts Will Support Stronger Future Returns

Analysts have lifted their price target on GE Vernova to $1,019, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin, and future P/E that support a steady valuation framework. What's in the News OPC Energy agreed to purchase main equipment from GE Vernova for the Hadera 2 natural gas power project in Israel, covering gas and steam turbines, auxiliary systems, and a maintenance agreement.
EOSE
US$5.52
Eos Energy Enterprises
7D
-3.3%
1Y
25.7%

EOSE: Manufacturing Progress And 2026 Guidance Will Drive Future Repricing

Analysts have reduced their blended price target on Eos Energy Enterprises to about $9.71 from $16.13, reflecting lower fair value estimates as they factor in recent earnings misses, valuation concerns, execution risks, and management's forecasting challenges, alongside ongoing expectations for revenue growth and profitability over time. Analyst Commentary Recent research on Eos Energy Enterprises highlights a mix of optimism about long term potential and caution around execution, forecasting, and valuation after the latest earnings report.
ROK
US$355.73
Rockwell Automation
7D
-0.7%
1Y
37.8%

ROK: Factory Digitization And Profitability Focus Will Support A More Optimistic Outlook

Analysts have nudged their fair value estimate for Rockwell Automation up from $490 to $495, citing updated assumptions around discount rate, revenue growth, profit margin, and future P/E. Together, these changes modestly shift their view of the stock’s risk and earnings profile.
HUBB
US$492.65
Hubbell
7D
5.2%
1Y
45.2%

HUBB: Firmer AI Demand And 2026 Outlook Will Shape Future Returns

Analysts have nudged their price targets on Hubbell higher into the $465 to $515 range, pointing to updated estimates and a firmer demand outlook supported by artificial intelligence related orders, along with cautious expectations for 2026 guidance. Analyst Commentary Recent research has clustered price targets for Hubbell in the $465 to $515 range, with several bullish analysts pointing to refreshed estimates ahead of Q4 and early views on 2026 guidance.
PSIX
US$54.30
Power Solutions International
7D
-10.4%
1Y
69.7%