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U.S. Electrical Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies134
  • 7D-0.8%
  • 3M19.3%
  • 1Y81.6%
  • YTD39.1%

The Electrical industry has been flat over the last week, but GE Vernova has lost 8.5%. As for the the longer term, the industry is up 82% over the past 12 months. As for the next few years, earnings are expected to grow by 19% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jun 2026US$1.0tUS$172.3bUS$19.9b40.1x51.8x6x
Thu, 30 Apr 2026US$1.0tUS$169.9bUS$19.7b34.6x51.4x6x
Sat, 28 Mar 2026US$832.1bUS$167.2bUS$15.0b31.5x55.6x5x
Mon, 23 Feb 2026US$863.2bUS$166.5bUS$11.3b35.5x76.4x5.2x
Wed, 21 Jan 2026US$757.7bUS$162.0bUS$7.4b32.4x101.8x4.7x
Fri, 19 Dec 2025US$662.9bUS$161.8bUS$7.4b31.2x89.3x4.1x
Sun, 16 Nov 2025US$686.5bUS$162.0bUS$7.5b28.4x91.1x4.2x
Tue, 14 Oct 2025US$695.8bUS$157.3bUS$7.3b28.8x95x4.4x
Thu, 11 Sep 2025US$656.7bUS$157.1bUS$7.3b30.1x89.5x4.2x
Sat, 09 Aug 2025US$658.5bUS$156.7bUS$7.4b30.6x88.7x4.2x
Mon, 07 Jul 2025US$620.7bUS$153.6bUS$7.4b28.5x83.8x4x
Wed, 04 Jun 2025US$549.1bUS$153.4bUS$7.4b26.1x74.6x3.6x
Fri, 02 May 2025US$468.1bUS$153.0bUS$7.2b21.9x64.8x3.1x
Sun, 30 Mar 2025US$443.7bUS$151.5bUS$6.6b22.9x67.4x2.9x
Tue, 25 Feb 2025US$500.3bUS$151.4bUS$9.9b24.4x50.7x3.3x
Thu, 23 Jan 2025US$586.1bUS$151.1bUS$9.2b24.1x63.6x3.9x
Sat, 21 Dec 2024US$527.2bUS$151.1bUS$9.3b22.5x56.9x3.5x
Mon, 18 Nov 2024US$552.1bUS$150.5bUS$9.2b23.3x59.9x3.7x
Wed, 16 Oct 2024US$502.1bUS$151.2bUS$7.5b19.7x66.8x3.3x
Fri, 13 Sep 2024US$440.4bUS$151.3bUS$7.3b17.8x60.1x2.9x
Sun, 11 Aug 2024US$427.8bUS$150.9bUS$7.1b18.1x60.1x2.8x
Tue, 09 Jul 2024US$465.5bUS$157.0bUS$5.8b19x79.6x3x
Thu, 06 Jun 2024US$472.7bUS$159.6bUS$6.2b19.6x76.4x3x
Sat, 04 May 2024US$464.7bUS$160.5bUS$7.7b20.8x60.3x2.9x
Mon, 01 Apr 2024US$452.6bUS$125.8bUS$7.9b22.2x57.4x3.6x
Wed, 28 Feb 2024US$419.2bUS$127.9bUS$9.4b19.6x44.7x3.3x
Fri, 26 Jan 2024US$393.0bUS$139.2bUS$8.0b19.4x49.4x2.8x
Sun, 24 Dec 2023US$403.5bUS$139.3bUS$7.9b20.3x50.9x2.9x
Tue, 21 Nov 2023US$367.2bUS$139.0bUS$8.0b18.7x46.1x2.6x
Thu, 19 Oct 2023US$356.3bUS$144.1bUS$11.5b17.8x31x2.5x
Sat, 16 Sep 2023US$389.0bUS$144.2bUS$11.6b20.5x33.6x2.7x
Mon, 14 Aug 2023US$394.3bUS$144.8bUS$12.0b19.4x33x2.7x
Wed, 12 Jul 2023US$365.1bUS$130.9bUS$7.8b26.2x46.8x2.8x
Fri, 09 Jun 2023US$337.9bUS$131.1bUS$7.7b25.1x44.1x2.6x
Price to Earnings Ratio

44.1x


Total Market Cap: US$337.9bTotal 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 51.8x 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 6.0x.
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 9.6% 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 Market1.58%
Industrials1.37%
Electrical-0.80%
Electrical Components2.13%
Heavy Electrical Equipment-5.48%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 54.6x.
    • Analysts expect its future annual earnings growth (18.8%) 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 78.1x.
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$400.082.2%
+US$3.4b		25.5%PE38.9x
EMR Emerson ElectricUS$141.653.8%
+US$2.9b		19.2%PE32.5x
VICR VicorUS$328.8522.7%
+US$2.8b		662.8%PE109.7x
NXT NextpowerUS$145.0211.1%
+US$2.2b		162.3%PE37.2x
FPS Forgent Power SolutionsUS$56.3517.6%
+US$2.1b		n/aPE806.1x

Latest News

XE
US$26.44
X-Energy
7D
-6.6%
1Y
n/a
VRT
US$323.39
Vertiv Holdings Co
7D
-1.2%
1Y
196.1%
FLNC
US$27.15
Fluence Energy
7D
26.3%
1Y
511.5%
EMR
US$141.65
Emerson Electric
7D
3.8%
1Y
19.2%
AMPX
US$21.75
Amprius Technologies
7D
35.7%
1Y
723.9%
GEV
US$950.54
GE Vernova
7D
-8.5%
1Y
95.9%
BE
US$273.51
Bloom Energy
7D
-9.6%
1Y
1,396.2%
NVT
US$171.55
nVent Electric
7D
4.2%
1Y
165.4%
VICR
US$328.85
Vicor
7D
22.7%
1Y
662.8%
Seeking Alpha • May 31

Vicor: Mid-Quarter Guidance Raise Confirms The IP Thesis (Rating Upgrade)

Summary I am upgrading Vicor to Strong Buy after a rare mid-quarter guidance raise confirmed the IP licensing thesis from my prior coverage. Vicor lifted Q2 revenue guidance 12.7% to $142M, driven by fab product sales and a new all-inclusive OEM license at near-100% margin. The licensing engine now has clearer visibility and faster margin accretion, supporting higher FY27 EPS estimates and multiple expansion. The upgrade reflects higher conviction more than higher numbers: the guidance raise de-risked the execution and licensing lumpiness scenarios. Read the full article on Seeking Alpha
BW
US$17.01
Babcock & Wilcox Enterprises
7D
-10.7%
1Y
2,040.2%
NXT
US$145.02
Nextpower
7D
11.1%
1Y
162.3%
FPS
US$56.35
Forgent Power Solutions
7D
17.6%
1Y
n/a
ETN
US$400.08
Eaton
7D
2.2%
1Y
25.5%
Narrative Update • May 29

ETN: Future Returns Will Reflect AI Power Demand And Boyd Data Center Expansion

Analysts lifted the Eaton price target by about $2 to $452, citing recent Street research that factors in updated assumptions for fair value, discount rate, growth, margins, and a higher future P/E multiple. Analyst Commentary Recent research shows a cluster of upward price target revisions on Eaton, alongside a few more cautious views.
AME
US$223.36
AMETEK
7D
-0.5%
1Y
26.7%
HUBB
US$462.93
Hubbell
7D
-2.5%
1Y
21.4%