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U.S. Electrical Industry Analysis

UpdatedJan 18, 2026
DataAggregated Company Financials
Companies133
  • 7D6.3%
  • 3M6.4%
  • 1Y33.9%
  • YTD5.8%

Over the last 7 days, the Electrical industry has risen 6.2%, driven by gains from GE Vernova of 9.5%. This takes the industry's 12 month performance to a gain of 33%. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

Has the U.S. Electrical Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026US$757.7bUS$162.0bUS$7.4b33.1x101.7x4.7x
Tue, 16 Dec 2025US$706.9bUS$161.8bUS$7.4b31.8x95.3x4.4x
Thu, 13 Nov 2025US$711.8bUS$161.9bUS$7.9b30.2x89.6x4.4x
Sat, 11 Oct 2025US$705.4bUS$157.3bUS$7.3b28.2x96.3x4.5x
Mon, 08 Sep 2025US$646.6bUS$157.1bUS$7.4b30.1x87.5x4.1x
Wed, 06 Aug 2025US$684.2bUS$156.3bUS$7.0b28.6x98.3x4.4x
Fri, 04 Jul 2025US$619.0bUS$153.6bUS$7.4b28.5x83.5x4x
Sun, 01 Jun 2025US$542.5bUS$153.4bUS$7.4b26x73.7x3.5x
Tue, 29 Apr 2025US$467.8bUS$152.8bUS$7.1b22.7x65.6x3.1x
Thu, 27 Mar 2025US$485.6bUS$151.5bUS$6.4b23.9x75.6x3.2x
Sat, 22 Feb 2025US$500.8bUS$151.4bUS$9.9b24.6x50.8x3.3x
Mon, 20 Jan 2025US$566.6bUS$151.1bUS$9.2b23.5x61.5x3.7x
Wed, 18 Dec 2024US$557.0bUS$151.1bUS$9.3b23.9x60x3.7x
Fri, 15 Nov 2024US$564.4bUS$152.3bUS$8.9b25x63.1x3.7x
Sun, 13 Oct 2024US$508.0bUS$151.2bUS$7.4b19.8x68.3x3.4x
Tue, 10 Sep 2024US$427.7bUS$151.3bUS$7.3b17.5x58.3x2.8x
Thu, 08 Aug 2024US$415.9bUS$151.1bUS$7.5b16.5x55.2x2.8x
Sat, 06 Jul 2024US$468.5bUS$157.0bUS$5.8b19x80.1x3x
Mon, 03 Jun 2024US$495.6bUS$159.6bUS$6.2b21x80.1x3.1x
Wed, 01 May 2024US$465.9bUS$159.6bUS$7.5b20.8x61.7x2.9x
Fri, 29 Mar 2024US$452.6bUS$126.0bUS$7.9b22.1x57.2x3.6x
Sun, 25 Feb 2024US$416.4bUS$127.9bUS$9.4b19.4x44.4x3.3x
Tue, 23 Jan 2024US$396.9bUS$139.2bUS$7.9b19.1x50x2.9x
Thu, 21 Dec 2023US$402.3bUS$139.3bUS$7.9b20.1x50.8x2.9x
Sat, 18 Nov 2023US$363.4bUS$139.2bUS$8.0b18.7x45.5x2.6x
Mon, 16 Oct 2023US$368.1bUS$144.1bUS$11.5b18.2x32.1x2.6x
Wed, 13 Sep 2023US$400.9bUS$144.2bUS$11.6b20.7x34.6x2.8x
Fri, 11 Aug 2023US$394.5bUS$144.7bUS$12.0b19.9x32.8x2.7x
Sun, 09 Jul 2023US$355.7bUS$130.9bUS$7.8b25.3x45.6x2.7x
Tue, 06 Jun 2023US$331.2bUS$131.1bUS$7.7b23.7x43.2x2.5x
Thu, 04 May 2023US$311.6bUS$130.1bUS$8.0b18.1x39x2.4x
Sat, 01 Apr 2023US$325.1bUS$127.9bUS$7.8b19.1x41.9x2.5x
Mon, 27 Feb 2023US$311.2bUS$116.1bUS$8.9b20.4x34.8x2.7x
Wed, 25 Jan 2023US$309.5bUS$114.1bUS$8.8b20.4x35.4x2.7x
Price to Earnings Ratio

35.4x


Total Market Cap: US$309.5bTotal Earnings: US$8.8bTotal Revenue: US$114.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 61x202420252026
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 98.9x which is higher than its 3-year average PE of 61.0x.
  • The 3-year average PS ratio of 3.2x is lower than the industry's current PS ratio of 4.5x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have declined 5.2% per year over the last three years.
  • Meanwhile revenues for these companies have grown 12% 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-0.29%
Industrials2.96%
Electrical6.29%
Heavy Electrical Equipment9.44%
Electrical Components4.96%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 65.2x.
    • Analysts are expecting annual earnings growth of 33.8%, which is lower than the prior year's growth of 65.4% per year.
  • Investors are most pessimistic about the Electrical Components industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 51.0x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 34% over the next 5 years.
  • However this is lower than its past earnings growth rate of 65% per year.
  • 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$681.559.5%
+US$16.0b		69.8%PE108.5x
ETN EatonUS$343.755.9%
+US$7.5b		-0.7%PE34x
VRT Vertiv Holdings CoUS$176.938.2%
+US$5.1b		30.2%PE65.4x
BE Bloom EnergyUS$149.5011.5%
+US$3.6b		525.0%PE2315.7x
EMR Emerson ElectricUS$149.463.6%
+US$3.0b		20.0%PE36.8x

Latest News

NVT
US$112.50
nVent Electric
7D
6.8%
1Y
55.6%
AME
US$215.65
AMETEK
7D
2.4%
1Y
19.3%
HUBB
US$489.31
Hubbell
7D
4.0%
1Y
11.9%
ST
US$35.06
Sensata Technologies Holding
7D
-1.8%
1Y
23.4%
VRT
US$176.93
Vertiv Holdings Co
7D
8.2%
1Y
30.2%
EMR
US$149.46
Emerson Electric
7D
3.6%
1Y
20.0%
BWEN
US$3.57
Broadwind
7D
-2.7%
1Y
75.9%
ETN
US$343.75
Eaton
7D
5.9%
1Y
-0.7%

ETN: AI Data Center Demand And Boyd Thermal Deal Will Drive Upside

Analysts have adjusted their price targets on Eaton, with changes such as Barclays moving to $350 and RBC Capital to $432. They cite a firmer demand backdrop tied to artificial intelligence driven orders and expectations around data center exposure and the Boyd Thermal acquisition, which together support a higher fair value estimate of about $470.67 per share in the latest update.
GEV
US$681.55
GE Vernova
7D
9.5%
1Y
69.8%

GEV: Future Buybacks And Dividend Moves Will Mask Overvaluation Risk

Analysts have raised their price target on GE Vernova from US$448.08 to US$538.80, citing updated assumptions for revenue growth, profit margin, discount rate and future P/E. They view these updates as better reflecting the company’s potential risk and return profile.
AYI
US$320.43
Acuity
7D
-1.6%
1Y
-3.0%

AYI: Q1 Execution And Ongoing Buybacks Will Support Future Upside Potential

Narrative Update on Acuity The analyst price target for Acuity has been reduced from US$399.25 to US$391.25, as analysts factor in more moderate revenue growth and profit margin assumptions alongside a slightly higher discount rate, consistent with recent Street research updates that trimmed targets following Q1 results. Analyst Commentary Recent Street research on Acuity points to a mixed but measured view, with analysts adjusting their models after Q1 results came in modestly ahead of expectations while overall sentiment stayed cautious.
SMR
US$20.19
NuScale Power
7D
-1.6%
1Y
-8.1%

SMR: Future Government Reactor Support Will Ultimately Unlock ENTRA1 Deployment Upside

Analysts have trimmed their fair value estimate for NuScale Power from US$36.58 to US$35.50, citing lower price targets from recent research, concerns about delayed firm orders into 2026, potential further share sales by Fluor, and the view that NuScale may need external capital to meet possible ENTRA1 payment obligations. Analyst Commentary Recent Street research presents a mixed picture for NuScale Power, with some analysts highlighting potential monetization and capital access, while others focus on execution risk around contracts, timing of firm orders, and potential obligations to ENTRA1.
OPTT
US$0.42
Ocean Power Technologies
7D
-13.4%
1Y
-54.3%
BE
US$149.50
Bloom Energy
7D
11.5%
1Y
525.0%

BE: AI Factory Power Partnership And Capital Plans Will Shape Future Outlook

Analysts have slightly adjusted their price target for Bloom Energy to reflect a fair value update from about $112.50 to roughly $111.18, citing small shifts in expected revenue growth, profit margins, the discount rate, and future P/E assumptions. What's in the News Bloom Energy and Brookfield announced a $5b partnership focused on building AI factories that combine power, compute, data center design, and capital to support artificial intelligence workloads (Key Developments).
GWH
US$1.84
ESS Tech
7D
-3.7%
1Y
-67.7%
PPSI
US$4.75
Pioneer Power Solutions
7D
-6.3%
1Y
18.8%
NPWR
US$2.64
NET Power
7D
-5.0%
1Y
-71.6%