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U.S. Electrical Industry Analysis

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies130
  • 7D-1.5%
  • 3M22.7%
  • 1Y74.3%
  • YTD15.8%

Over the last 7 days, the Electrical industry has remained flat, although notably Emerson Electric declined by 6.9%. As for the the longer term, the industry is up 79% over the past 12 months. 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
Thu, 19 Mar 2026US$849.8bUS$167.2bUS$15.0b30.7x56.8x5.1x
Sat, 14 Feb 2026US$851.8bUS$166.4bUS$11.3b36.4x75.6x5.1x
Mon, 12 Jan 2026US$712.9bUS$162.0bUS$7.4b31.4x95.7x4.4x
Wed, 10 Dec 2025US$709.1bUS$161.8bUS$7.4b30.7x95.6x4.4x
Fri, 07 Nov 2025US$725.2bUS$161.5bUS$8.1b29.9x89.1x4.5x
Sun, 05 Oct 2025US$689.8bUS$157.3bUS$7.3b28.8x94.2x4.4x
Tue, 02 Sep 2025US$649.2bUS$157.1bUS$7.4b30.2x87.8x4.1x
Thu, 31 Jul 2025US$687.4bUS$154.6bUS$6.7b28.4x101.9x4.4x
Sat, 28 Jun 2025US$596.5bUS$153.6bUS$7.4b27.2x80.5x3.9x
Mon, 26 May 2025US$543.1bUS$153.4bUS$7.4b26.1x73.8x3.5x
Wed, 23 Apr 2025US$414.2bUS$151.6bUS$6.6b21.5x63x2.7x
Fri, 21 Mar 2025US$477.3bUS$151.5bUS$6.4b23.4x74.4x3.2x
Sun, 16 Feb 2025US$525.5bUS$151.4bUS$9.8b26.3x53.5x3.5x
Tue, 14 Jan 2025US$542.4bUS$151.1bUS$9.2b22.1x58.8x3.6x
Thu, 12 Dec 2024US$553.1bUS$151.1bUS$9.3b24.1x59.6x3.7x
Sat, 09 Nov 2024US$556.2bUS$152.0bUS$8.9b24.3x62.3x3.7x
Mon, 07 Oct 2024US$497.4bUS$151.2bUS$7.4b19.9x66.8x3.3x
Wed, 04 Sep 2024US$453.9bUS$151.3bUS$7.3b18.3x62.3x3x
Fri, 02 Aug 2024US$473.3bUS$157.2bUS$7.4b19.4x64.1x3x
Sun, 30 Jun 2024US$469.2bUS$159.5bUS$6.2b19x75.4x2.9x
Tue, 28 May 2024US$507.1bUS$159.6bUS$6.2b21.9x82.1x3.2x
Thu, 25 Apr 2024US$461.2bUS$159.2bUS$7.4b20.7x62.6x2.9x
Sat, 23 Mar 2024US$450.6bUS$126.0bUS$8.0b22x56.6x3.6x
Mon, 19 Feb 2024US$416.4bUS$129.3bUS$9.4b19.7x44.2x3.2x
Wed, 17 Jan 2024US$391.5bUS$139.2bUS$7.9b19.4x49.3x2.8x
Fri, 15 Dec 2023US$389.3bUS$139.3bUS$7.9b20.3x49.1x2.8x
Sun, 12 Nov 2023US$352.1bUS$140.3bUS$8.6b17.3x40.8x2.5x
Tue, 10 Oct 2023US$371.7bUS$144.1bUS$11.5b18.7x32.4x2.6x
Thu, 07 Sep 2023US$402.9bUS$144.2bUS$11.6b20.2x34.7x2.8x
Sat, 05 Aug 2023US$393.5bUS$144.1bUS$12.2b22x32.3x2.7x
Mon, 03 Jul 2023US$363.4bUS$131.0bUS$7.6b26.2x47.8x2.8x
Wed, 31 May 2023US$323.0bUS$131.0bUS$7.8b22.9x41.5x2.5x
Fri, 28 Apr 2023US$308.7bUS$128.7bUS$7.9b17.9x39.2x2.4x
Sun, 26 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 56.0x 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 5.0x.
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 9.3% 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-2.19%
Industrials-2.66%
Electrical-1.48%
Heavy Electrical Equipment0.45%
Electrical Components-2.46%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry, which is trading close to its 3-year average PE ratio of 73.0x.
    • Analysts are expecting annual earnings growth of 25.5%, 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$858.471.3%
+US$2.9b		155.6%PE47.4x
ETN EatonUS$360.541.3%
+US$1.9b		22.4%PE34.2x
NVT nVent ElectricUS$120.278.3%
+US$1.5b		111.5%PE45.4x
VICR VicorUS$191.847.3%
+US$580.9m		252.5%PE72.3x
PLUG Plug PowerUS$2.324.0%
+US$125.5m		46.8%PS4.6x

Latest News

NRGV
US$3.59
Energy Vault Holdings
7D
8.5%
1Y
259.0%
GNRC
US$200.27
Generac Holdings
7D
-5.8%
1Y
49.8%
BE
US$156.58
Bloom Energy
7D
-1.7%
1Y
544.1%
NVT
US$120.27
nVent Electric
7D
8.3%
1Y
111.5%

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$360.54
Eaton
7D
1.3%
1Y
22.4%
ENS
US$164.04
EnerSys
7D
1.1%
1Y
69.2%

ENS: Share Repurchases And Stable Margins Will Support Future Upside Potential

Analysts have maintained their $188.10 price target for EnerSys, citing largely unchanged assumptions around discount rate, revenue growth, profit margins and future P/E. Taken together, these reflect a consistent view of the company’s valuation inputs.
AME
US$212.77
AMETEK
7D
-5.1%
1Y
20.2%
TYGO
US$4.46
Tigo Energy
7D
17.7%
1Y
395.6%

TYGO: Cash Convertible Repayment Will Support Higher Forward Earnings Multiple

Analysts have lifted their fair value estimate for Tigo Energy from $6.00 to $8.00, citing updated revenue, GAAP EPS and EBITDA assumptions following in-line results and the repayment of the $50M convertible with cash, which supported an increase in Street price targets, such as the move to $5.50 from $5.00. Analyst Commentary Bullish analysts are responding positively to Tigo Energy's recent update, pointing to the revised fair value estimate and refreshed financial assumptions as reasons for a more constructive stance on the shares.
VICR
US$191.84
Vicor
7D
7.3%
1Y
252.5%

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$264.71
Vertiv Holdings Co
7D
-1.3%
1Y
196.9%
PLUG
US$2.32
Plug Power
7D
4.0%
1Y
46.8%
EMR
US$129.88
Emerson Electric
7D
-6.9%
1Y
15.6%

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$858.47
GE Vernova
7D
1.3%
1Y
155.6%

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$5.28
Eos Energy Enterprises
7D
-18.1%
1Y
18.9%

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.
RRX
US$185.25
Regal Rexnord
7D
-8.5%
1Y
50.2%

RRX: Higher Margin Outlook Will Offset AI Hardware Pressure Concerns

Our updated narrative price target for Regal Rexnord increases by about $4 to roughly $236, as analysts weigh stronger assumed profit margins against a slightly higher discount rate and a more moderate future P/E multiple, while also flagging potential AI related pressure on high margin hardware exposure. Analyst Commentary Recent Street research on Regal Rexnord centers on two themes: the reassessment of valuation after multiple price target changes, and the risk that AI-driven automation could pressure high-margin hardware economics over time.
ROK
US$355.11
Rockwell Automation
7D
-4.9%
1Y
36.6%

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.