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U.S. Electrical Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies133
  • 7D10.3%
  • 3M29.0%
  • 1Y89.3%
  • YTD52.3%

Over the last 7 days, the Electrical industry has risen 10%, driven by gains from GE Vernova of 15%. This takes the industry's 12 month performance to a gain of 89%. 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
Tue, 23 Jun 2026US$1.1tUS$171.8bUS$20.1b38.8x55.1x6.4x
Thu, 21 May 2026US$987.8bUS$172.3bUS$19.9b37x49.5x5.7x
Sat, 18 Apr 2026US$941.5bUS$167.5bUS$14.9b35.7x63.3x5.6x
Mon, 16 Mar 2026US$825.5bUS$166.9bUS$15.0b31.4x55x4.9x
Wed, 11 Feb 2026US$850.4bUS$166.0bUS$11.1b35.8x76.4x5.1x
Fri, 09 Jan 2026US$717.3bUS$161.8bUS$7.4b31.3x96.5x4.4x
Sun, 07 Dec 2025US$716.3bUS$161.8bUS$7.4b31.3x96.5x4.4x
Tue, 04 Nov 2025US$737.5bUS$160.0bUS$8.0b31.1x92.2x4.6x
Thu, 02 Oct 2025US$684.0bUS$157.3bUS$7.3b29.4x93.4x4.3x
Sat, 30 Aug 2025US$665.8bUS$157.1bUS$7.4b30.2x90.2x4.2x
Mon, 28 Jul 2025US$688.2bUS$154.5bUS$6.7b28.2x103x4.5x
Wed, 25 Jun 2025US$591.1bUS$153.4bUS$7.4b26.9x79.5x3.9x
Fri, 23 May 2025US$535.7bUS$153.4bUS$7.4b26x72.8x3.5x
Sun, 20 Apr 2025US$428.1bUS$151.6bUS$6.6b21.6x65.1x2.8x
Tue, 18 Mar 2025US$467.9bUS$151.6bUS$6.5b24x72.5x3.1x
Thu, 13 Feb 2025US$537.4bUS$151.4bUS$9.8b25.9x54.7x3.5x
Sat, 11 Jan 2025US$549.4bUS$151.1bUS$9.2b22.1x59.6x3.6x
Mon, 09 Dec 2024US$574.6bUS$151.1bUS$9.3b23.5x61.9x3.8x
Wed, 06 Nov 2024US$507.2bUS$152.8bUS$8.0b19.9x63.2x3.3x
Fri, 04 Oct 2024US$487.9bUS$151.2bUS$7.4b19.5x65.6x3.2x
Sun, 01 Sep 2024US$453.9bUS$151.3bUS$7.3b18.8x62.3x3x
Tue, 30 Jul 2024US$465.3bUS$157.3bUS$7.4b19.9x63.2x3x
Thu, 27 Jun 2024US$477.6bUS$159.6bUS$6.2b19.4x76.9x3x
Sat, 25 May 2024US$494.1bUS$159.6bUS$6.2b21.9x79.9x3.1x
Mon, 22 Apr 2024US$450.8bUS$159.1bUS$7.5b20.1x60.2x2.8x
Wed, 20 Mar 2024US$438.5bUS$126.0bUS$7.9b21.6x55.3x3.5x
Fri, 16 Feb 2024US$418.1bUS$129.5bUS$9.5b20.1x44x3.2x
Sun, 14 Jan 2024US$391.4bUS$139.2bUS$7.9b19.3x49.3x2.8x
Tue, 12 Dec 2023US$379.8bUS$139.3bUS$7.9b19.4x47.9x2.7x
Thu, 09 Nov 2023US$351.2bUS$140.1bUS$8.7b18x40.4x2.5x
Sat, 07 Oct 2023US$370.4bUS$144.1bUS$11.5b18.7x32.3x2.6x
Mon, 04 Sep 2023US$406.8bUS$144.0bUS$11.6b20.7x35x2.8x
Wed, 02 Aug 2023US$378.5bUS$132.6bUS$7.9b25.4x47.6x2.9x
Fri, 30 Jun 2023US$358.6bUS$131.0bUS$7.6b26.4x47.2x2.7x
Price to Earnings Ratio

47.2x


Total Market Cap: US$358.6bTotal Earnings: US$7.6bTotal Revenue: US$131.0bTotal 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 55.1x which is lower than its 3-year average PE of 64.4x.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 6.4x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 38% per year over the last three years.
  • Revenues for these companies have grown 9.5% 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-1.82%
Industrials1.73%
Electrical10.34%
Heavy Electrical Equipment15.91%
Electrical Components7.08%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 55.0x.
    • Analysts expect its future annual earnings growth (19.3%) 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 79.2x.
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 18% 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$1.13k15.2%
+US$39.9b		125.6%PE32.3x
BE Bloom EnergyUS$345.8526.0%
+US$20.3b		1,433.0%PE16306.1x
VRT Vertiv Holdings CoUS$357.9614.8%
+US$17.7b		207.2%PE88.2x
ETN EatonUS$435.787.1%
+US$11.2b		30.9%PE42.4x
INIO InnioUS$41.1318.5%
+US$4.8b		n/aPE302.1x

Latest News

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Hubbell: A Premium Compounder Riding The Grid's New Supercycle

Summary Hubbell Inc. earns a 'Buy' rating, positioned at the core of grid modernization and electrification, serving critical infrastructure needs for data centers and utilities. HUBB trades at a premium (~27.3x 2026 EPS), justified by robust secular demand, high margins (Utility Solutions: 24.1%, Electrical Solutions: 20.2%), and disciplined capital allocation. Secular tailwinds—data center growth, utility T&D spending, and grid bottlenecks—support high-single to low-double-digit EPS growth beyond 2026, with upside if grid interconnects accelerate. Key risks include NSI integration, elevated leverage, and execution on synergy realization, alongside macro factors like inflation, tariffs, and supply chain volatility. Read the full article on Seeking Alpha
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1Y
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GEV: AI Data Center Demand And Backlog Strength Will Support Balanced Returns

Analysts have raised their price target on GE Vernova to $1,211.72 from $861.62, citing updated assumptions that include adjusted discount rates, revenue growth, profit margin expectations, and a revised future P/E multiple. What’s in the News for GE Vernova GE Vernova reported Q1 2026 revenue of US$9.34b and earnings per share of US$1.98, with a 71% year over year rise in orders, a US$13b increase in backlog to US$163b, and raised 2026 revenue guidance to about US$44.5b to US$45.5b, supported by AI driven data center demand and stronger power and electrification segments.
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