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U.S. Electrical Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies133
  • 7D-2.3%
  • 3M30.6%
  • 1Y76.8%
  • YTD46.1%

Over the last 7 days, the Electrical industry has dropped 2.3%, driven by pullbacks in GE Vernova and Bloom Energy of 2.2% and 6.0%, respectively. Meanwhile, Acuity actually outperformed within the industry, gaining 13% in the last week. In the past year, the industry has gained 77%. 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
Sat, 27 Jun 2026US$1.1tUS$171.9bUS$20.1b40x52.7x6.2x
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
Sun, 06 Aug 2023US$393.6bUS$144.1bUS$12.2b22x32.4x2.7x
Tue, 04 Jul 2023US$362.8bUS$130.9bUS$7.8b26.3x46.5x2.8x
Price to Earnings Ratio

46.5x


Total Market Cap: US$362.8bTotal Earnings: US$7.8bTotal Revenue: US$130.9bTotal 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 52.7x 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 6.2x.
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-2.68%
Industrials1.11%
Electrical-2.32%
Electrical Components-1.34%
Heavy Electrical Equipment-3.83%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 55.1x.
    • Analysts expect its future annual earnings growth (19.1%) 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 79.4x.
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 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
AYI AcuityUS$359.3913.2%
+US$1.3b		18.2%PE22.9x
GNRC Generac HoldingsUS$295.165.7%
+US$942.5m		107.4%PE92x
AME AMETEKUS$240.951.5%
+US$809.1m		34.0%PE36.1x
HUBB HubbellUS$536.042.4%
+US$652.6m		32.3%PE31.3x
ROK Rockwell AutomationUS$479.391.2%
+US$623.1m		47.0%PE49.1x

Latest News

AYI
US$359.39
Acuity
7D
13.2%
1Y
18.2%
Seeking Alpha • 10h

Acuity: Q3 Earnings Brighten The Company's Outlook

Summary Acuity Inc. surged 17.5% post-Q3 2026 earnings, driven by a double beat and robust Intelligent Spaces segment performance. AYI's Intelligent Spaces revenue jumped nearly 15%, with gross margins exceeding 60% and operating margin up over 800 basis points to 18.6%. Management guided FY2026 revenue to $4.8 billion and non-GAAP EPS to $19.75, both above consensus, signaling continued momentum. Despite strong results, AYI now trades at a moderate premium to fair value. Read the full article on Seeking Alpha
NXT
US$113.18
Nextpower
7D
-10.1%
1Y
93.2%
ALNT
US$102.26
Allient
7D
6.7%
1Y
183.3%
Narrative Update • Jun 25

ALNT: Secular Robotics And Defense Hopes May Overstate Platform Execution Risks

Allient's updated analyst price target increases from a fair value estimate of $52.50 to $65.00. Analysts attribute this change to the company's evolution into a vertically integrated engineering platform and its exposure to long-term secular end markets, which they identify as key supports for the revised valuation.
NVT
US$171.91
nVent Electric
7D
-2.9%
1Y
135.1%
VRT
US$325.57
Vertiv Holdings Co
7D
-2.2%
1Y
163.0%
HUBB
US$536.04
Hubbell
7D
2.4%
1Y
32.3%
Seeking Alpha • Jun 23

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
BE
US$309.18
Bloom Energy
7D
-6.0%
1Y
1,284.6%
ROK
US$479.39
Rockwell Automation
7D
1.2%
1Y
47.0%
GNRC
US$295.16
Generac Holdings
7D
5.7%
1Y
107.4%
Narrative Update • Jun 23

GNRC: Data Center Contracts And Fair Valuation Will Shape The Next Upswing

Generac Holdings' updated analyst fair value estimate has shifted to $284.00 from $203.41, supported by analysts citing higher confidence in the earnings trajectory and potential upside from data center contract opportunities. These factors are reflected in recent price target increases from firms such as UBS and Jefferies.
AME
US$240.95
AMETEK
7D
1.5%
1Y
34.0%
Narrative Update • Jun 23

AME: Record Results And Indicor Deal Financing Will Shape Future Upside

AMETEK's analyst price targets have moved higher by around $9 to $10, with analysts pointing to slight adjustments in fair value estimates, discount rates, revenue growth assumptions, profit margins and future P/E expectations to support the change. Analyst Commentary Recent research on AMETEK points to a mix of optimism and caution as analysts adjust price targets and short term views around valuation, execution and growth expectations.
INIO
US$38.24
Innio
7D
2.1%
1Y
n/a
FPS
US$58.70
Forgent Power Solutions
7D
-7.4%
1Y
n/a
Seeking Alpha • Jun 22

Forgent Power Solutions: This AI Infrastructure Stock Can Fall 30%

Summary Forgent Power Solutions (FPS) has surged 119% YTD, driven by explosive AI data center demand and robust bookings growth. I initiate coverage with a Sell rating, as FPS trades at 11x sales, 50x EV/EBITDA, and 137x earnings—reflecting excessive optimism. Despite strong execution, record backlog, and capacity expansion, my DCF analysis implies 32% downside with a $43 price target. FPS's fundamentals are solid, but current valuation embeds unsustainable growth and margin assumptions, making risk/reward unattractive. Read the full article on Seeking Alpha
EMR
US$145.34
Emerson Electric
7D
-3.5%
1Y
9.5%
Narrative Update • Jun 22

EMR: Long Term Energy Projects And Industrial AI Partnerships Will Shape Returns

Emerson Electric's analyst price target has been nudged slightly lower by less than $1 as analysts balance mixed ratings and revised targets, while also noting that the company has exposure to long-term demand trends and limited software risk from AI. Analyst Commentary Recent research on Emerson Electric highlights a mix of enthusiasm about its exposure to long-term demand trends and caution around execution risks and valuation, which helps explain the small adjustment in the overall analyst price target picture.
GEV
US$1,085.47
GE Vernova
7D
-2.2%
1Y
114.2%
Narrative Update • Jun 22

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.
POWL
US$309.20
Powell Industries
7D
4.0%
1Y
365.3%
XE
US$18.48
X-Energy
7D
-14.3%
1Y
n/a