Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Electrical Industry Analysis

UpdatedSep 01, 2026
DataAggregated Company Financials
Companies141
  • 7D-2.4%
  • 3M-14.1%
  • 1Y36.2%
  • YTD22.1%

Over the last 7 days, the Electrical industry has dropped 2.4%, driven by a pullback from GE Vernova of 4.6%. This takes the industry's 12 month performance to a gain of 36%. 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
Tue, 01 Sep 2026US$932.0bUS$182.7bUS$20.5b33.6x45.4x5.1x
Thu, 30 Jul 2026US$921.7bUS$174.8bUS$20.5b35x45x5.3x
Sat, 27 Jun 2026US$1.1tUS$171.9bUS$20.1b39.2x53.7x6.3x
Mon, 25 May 2026US$1.0tUS$172.3bUS$19.9b38.1x52.2x6x
Wed, 22 Apr 2026US$974.5bUS$167.5bUS$14.9b34.8x65.5x5.8x
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
Price to Earnings Ratio

34.8x


Total Market Cap: US$402.6bTotal Earnings: US$11.6bTotal Revenue: US$144.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 64.9x202420252026
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 45.4x which is lower than its 3-year average PE of 64.9x.
  • The 3-year average PS ratio of 3.8x 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 21% per year over the last three years.
  • Revenues for these companies have grown 8.2% 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 Market0.071%
Industrials-2.14%
Electrical-2.37%
Electrical Components-1.76%
Heavy Electrical Equipment-3.41%
Industry PE
  • Investors are most optimistic about the Electrical Components industry even though it's trading below its 3-year average PE ratio of 56.4x.
    • Analysts are expecting annual earnings growth of 19.4%, which is higher than its past year's earnings growth of 17.2% per year.
  • Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 82.8x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 21% over the next 5 years.
  • 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
VRT Vertiv Holdings CoUS$258.721.5%
+US$1.4b		102.8%PE57.5x
BE Bloom EnergyUS$206.301.1%
+US$671.5m		289.7%PE248.1x
XE X-EnergyUS$18.451.9%
+US$97.7m		n/aPS35.3x
SMR NuScale PowerUS$9.272.4%
+US$90.3m		-73.2%PS355.9x
GFUZ General Fusion GroupUS$8.1013.4%
+US$70.9m		n/aPE-17.8x

Latest News

EMR
US$152.44
Emerson Electric
7D
-3.3%
1Y
15.5%
Seeking Alpha • 8h

Emerson Electric: A Better Business, But Not Yet A Cheap Stock

Summary Emerson has strategically shifted toward higher value-added automation and software, enhancing profitability despite modest topline growth. Divestiture of Climate Technologies and acquisition of National Instruments, along with increased AspenTech ownership, have reshaped EMR's business mix. Management projects mid-single-digit revenue growth and 10% EPS growth, driven by margin expansion and potential share buybacks. Recent financials show strong software and systems growth, particularly in Test & Measurement, with the potential to maintain this stronger pace going forward. Read the full article on Seeking Alpha
AME
US$235.17
AMETEK
7D
-3.0%
1Y
27.3%
Seeking Alpha • 15h

Ametek: The Quiet Control Layer Behind The Next Industrial Investment Cycle

Summary AMETEK is well-positioned to capitalize on increased complexity across AI, semiconductor, aerospace, utilities, and medtech infrastructure. The $5B Indicor Instrumentation acquisition boosts aftermarket revenue, enhances earnings durability, and offers significant synergy potential with manageable integration risk. AME trades at a premium (~29x pre-acquisition guidance), justified by niche leadership, diversified end markets, strong cash flow, and a repeatable acquisition model. I recommend a Buy rating, as upside is driven by EPS growth, not multiple expansion, with execution on integration and organic demand as key catalysts. Read the full article on Seeking Alpha
HYLN
US$3.47
Hyliion Holdings
7D
10.2%
1Y
106.5%
ROK
US$424.43
Rockwell Automation
7D
-1.2%
1Y
23.6%
GEV
US$898.53
GE Vernova
7D
-4.6%
1Y
46.6%
INIO
US$20.20
Innio
7D
-8.0%
1Y
n/a
Seeking Alpha • Aug 31

INNIO: A Better Power Proposition Here

Summary INNIO offers a compelling pick-and-shovel play on the data center boom, with strong sales momentum and a robust order backlog. Shares have reset from post-IPO highs, now trading at a near 30x earnings multiple—half the IPO level—while business momentum remains strong. INIO's guidance calls for $3.8-3.9B in revenue and $720-740M in adjusted EBITDA, with a $6.6B backlog and capacity sold out through 2026/2027. I see a more attractive setup after the pullback but would prefer a further dip to the mid-teens before initiating a position. Read the full article on Seeking Alpha
SMR
US$9.27
NuScale Power
7D
2.4%
1Y
-73.2%
Seeking Alpha • Aug 29

NuScale: First Module Order Could Trigger A Major Upside Momentum

Summary NuScale Power Corporation is positioned as the first NRC-approved small modular reactor manufacturer, with 12 modules under construction despite lacking a signed order. Active discussions with ENTRA1 Energy and TVA could lead to the largest U.S. nuclear deployment, but SMR remains pre-revenue and highly speculative. Operational losses are deepening, with Q2 ’26 EBITDA at negative $63.67M and revenues declining as legacy contracts wind down; the projected revenue surge hinges on first module orders. I maintain a hold rating, supported by a robust cash runway (~4 years), but recommend waiting for a confirmed module order before a bullish entry. Read the full article on Seeking Alpha
ETN
US$401.88
Eaton
7D
-1.7%
1Y
15.1%
New Narrative • Aug 29

"Grid-to-Chip: How Eaton Controls the Physical Bottlenecks of AI Data Centers"

Eaton Corporation (NYSE: ETN): Investment Thesis and Valuation Report at the Intersection of Physical Artificial Intelligence, Voltage Cascades, and Megaprojects Executive Summary and the Anatomy of Corporate Transformation Global heavy industry and power management giant Eaton Corporation (NYSE: ETN) has undergone an unprecedented corporate transformation over the past twenty-four months, rising from a traditional industrial component manufacturer to the undisputed architect of a trillion-dollar Physical AI infrastructure ecosystem. This research report synthesizes the company's financial statements, balance sheet calls, and industrial physical bottlenecks to offer an internal valuation model based on engineering realities, going beyond Wall Street's superficial multiplier analyses.
GNRC
US$185.38
Generac Holdings
7D
-8.9%
1Y
0.07%
BE
US$206.30
Bloom Energy
7D
1.1%
1Y
289.7%
Seeking Alpha • Aug 28

Bloom Energy: Nancy Pelosi (And Other Bulls Too) Needs To Rethink Its 80x P/E

Summary Bloom Energy (BE) garners widespread investor attention after Nancy Pelosi's sizable purchase. As such, I feel timely to offer my alternative view and counterarguments. BE's solid oxide fuel technology and major deals, like the 2.8 GW Oracle partnership, do underpin aggressive consensus EPS growth projections. However, current FWD P/E of 80x already prices in years of ideal growth, leaving little margin for error. Sharply rising capex and debt levels signal heightened capital intensity, further offsetting upside risks. Read the full article on Seeking Alpha
VRT
US$258.72
Vertiv Holdings Co
7D
1.5%
1Y
102.8%
Seeking Alpha • Aug 27

Vertiv: AI's Physical Bottleneck Is Expanding Its Value Per Megawatt

Summary Vertiv is rated 'Buy' due to its integrated portfolio addressing critical power, cooling, and infrastructure needs in AI-driven data centers. VRT's co-design capabilities and expanding service offerings position it to capture increasing content per megawatt and recurring high-margin revenue. Management targets 20–22% organic sales CAGR and 27%+ operating margin by 2030, with sales potentially reaching $25–28 billion. Despite a premium valuation (~38x earnings), operational leverage, backlog, and execution on capacity expansion underpin a compelling long-term growth thesis. Read the full article on Seeking Alpha
HUBB
US$453.00
Hubbell
7D
-2.9%
1Y
5.1%
SKYX
US$1.34
SKYX Platforms
7D
16.5%
1Y
15.5%
XE
US$18.45
X-Energy
7D
1.9%
1Y
n/a
NEOV
US$4.24
NeoVolta
7D
35.9%
1Y
18.1%
Narrative Update • Aug 14

NEOV: Pendergrass Joint Venture Repositioning Will Drive Future Utility Scale Upside

Analysts have lifted their average price target for NeoVolta from about $8.00 to roughly $9.75. They point to the company's shift toward utility-scale battery energy storage through joint ventures and new production capacity as key drivers behind the updated assumptions for fair value, discount rate, revenue growth, profit margins, and future P/E.
GFUZ
US$8.10
General Fusion Group
7D
13.4%
1Y
n/a