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U.S. Electrical Industry Analysis

UpdatedMay 28, 2026
DataAggregated Company Financials
Companies134
  • 7D4.1%
  • 3M16.3%
  • 1Y83.9%
  • YTD41.9%

In the last week, the Electrical industry is up 4.1%, with Eaton up 7.0%. This means that the industry has gained 84% over the past year. 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
Thu, 28 May 2026US$1.1tUS$172.3bUS$19.9b39.6x53.5x6.2x
Sat, 25 Apr 2026US$1.0tUS$169.5bUS$19.6b33.8x53.5x6.2x
Mon, 23 Mar 2026US$830.5bUS$167.2bUS$15.0b30.8x55.5x5x
Wed, 18 Feb 2026US$854.3bUS$166.6bUS$11.2b36.3x76.2x5.1x
Fri, 16 Jan 2026US$730.3bUS$162.0bUS$7.4b32.8x98.1x4.5x
Sun, 14 Dec 2025US$706.9bUS$161.8bUS$7.4b31.6x95.3x4.4x
Tue, 11 Nov 2025US$711.3bUS$161.8bUS$8.1b30.2x87.8x4.4x
Thu, 09 Oct 2025US$687.1bUS$157.3bUS$7.3b28.7x93.8x4.4x
Sat, 06 Sep 2025US$646.6bUS$157.1bUS$7.4b30.1x87.5x4.1x
Mon, 04 Aug 2025US$679.0bUS$155.7bUS$7.1b28.3x96.3x4.4x
Wed, 02 Jul 2025US$604.0bUS$153.6bUS$7.4b28.3x81.5x3.9x
Fri, 30 May 2025US$556.6bUS$153.4bUS$7.4b26.5x75.6x3.6x
Sun, 27 Apr 2025US$467.8bUS$152.8bUS$7.1b22.7x65.6x3.1x
Tue, 25 Mar 2025US$475.2bUS$151.5bUS$6.4b24.2x74.2x3.1x
Thu, 20 Feb 2025US$526.2bUS$151.4bUS$9.8b26.4x53.5x3.5x
Sat, 18 Jan 2025US$560.2bUS$151.1bUS$9.2b23.5x60.8x3.7x
Mon, 16 Dec 2024US$555.2bUS$151.1bUS$9.3b23.8x59.9x3.7x
Wed, 13 Nov 2024US$570.7bUS$152.0bUS$8.9b24.7x63.9x3.8x
Fri, 11 Oct 2024US$502.1bUS$151.2bUS$7.4b19.4x67.5x3.3x
Sun, 08 Sep 2024US$422.1bUS$151.3bUS$7.3b17.3x57.5x2.8x
Tue, 06 Aug 2024US$421.8bUS$151.7bUS$7.4b16.8x57.4x2.8x
Thu, 04 Jul 2024US$473.7bUS$159.6bUS$6.2b19.1x76.9x3x
Sat, 01 Jun 2024US$497.2bUS$159.6bUS$6.2b21x80.4x3.1x
Mon, 29 Apr 2024US$473.8bUS$159.6bUS$7.6b21.3x62.7x3x
Wed, 27 Mar 2024US$446.3bUS$126.0bUS$7.9b21.8x56.4x3.5x
Fri, 23 Feb 2024US$409.7bUS$129.4bUS$9.2b19.2x44.7x3.2x
Sun, 21 Jan 2024US$391.6bUS$139.2bUS$7.9b18.9x49.3x2.8x
Tue, 19 Dec 2023US$400.4bUS$139.3bUS$7.9b20.3x50.5x2.9x
Thu, 16 Nov 2023US$366.5bUS$140.3bUS$8.6b18.7x42.6x2.6x
Sat, 14 Oct 2023US$368.2bUS$144.1bUS$11.5b18.2x32.1x2.6x
Mon, 11 Sep 2023US$391.8bUS$144.2bUS$11.6b20.8x33.8x2.7x
Wed, 09 Aug 2023US$402.7bUS$144.1bUS$12.1b22.4x33.3x2.8x
Fri, 07 Jul 2023US$352.4bUS$130.9bUS$7.8b25.3x45.2x2.7x
Sun, 04 Jun 2023US$331.2bUS$131.1bUS$7.7b24x43.2x2.5x
Price to Earnings Ratio

43.2x


Total Market Cap: US$331.2bTotal Earnings: US$7.7bTotal Revenue: US$131.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 64.2x202420252026
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 53.5x which is lower than its 3-year average PE of 64.2x.
  • The 3-year average PS ratio of 3.6x 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 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 Market1.27%
Industrials2.40%
Electrical4.10%
Electrical Components5.68%
Heavy Electrical Equipment1.67%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 54.5x.
    • Analysts expect its future annual earnings growth (18.9%) 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 77.8x.
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 18% 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$406.377.0%
+US$10.4b		24.8%PE39.6x
EMR Emerson ElectricUS$139.725.2%
+US$3.8b		16.7%PE32.1x
VICR VicorUS$345.8430.9%
+US$3.7b		717.2%PE115.3x
BE Bloom EnergyUS$293.804.1%
+US$3.3b		1,399.7%PE13852.1x
ROK Rockwell AutomationUS$456.084.6%
+US$2.2b		46.0%PE46.7x

Latest News

GNRC
US$280.53
Generac Holdings
7D
14.4%
1Y
125.2%
GEV
US$1,031.89
GE Vernova
7D
0.7%
1Y
112.8%
ETN
US$406.37
Eaton
7D
7.0%
1Y
24.8%
EMR
US$139.72
Emerson Electric
7D
5.2%
1Y
16.7%
BE
US$293.80
Bloom Energy
7D
4.1%
1Y
1,399.7%
Seeking Alpha • May 27

Bloom Energy: The Business Can Survive The Cycle, The Valuation May Not

Summary Bloom Energy is rated Hold as its valuation now reflects AI-driven euphoria. BE trades at 27x 2026 sales, 80x gross profit, and 149x non-GAAP EPS, embedding potentially unsustainable expectations for AI data center power demand. BE's modular fuel cells address urgent grid bottlenecks and have secured major contracts, but current upside leans speculative due to the valuation. I expect BE to remain operationally durable, but valuation multiples and investor urgency will likely compress as AI capex normalizes. Read the full article on Seeking Alpha
VICR
US$345.84
Vicor
7D
30.9%
1Y
717.2%
VRT
US$319.78
Vertiv Holdings Co
7D
1.3%
1Y
192.8%
ROK
US$456.08
Rockwell Automation
7D
4.6%
1Y
46.0%
Narrative Update • May 24

ROK: Updated Margin Outlook And Client Adoption Will Support A Steady Medium Term Outlook

Analysts have raised their price target for Rockwell Automation from $406.96 to $462.17, citing updated assumptions that combine slightly lower revenue growth with higher profit margin expectations and a similar future P/E outlook. What's in the News Expanded EtherNet/IP In-cabinet Solution adds a supplemental power tap and connects more motor control and protection devices, aimed at simplifying wiring, improving diagnostics and supporting scalable motor control architectures for panel builders and OEMs. (Product related announcement) Revised Fiscal Year 2026 guidance now points to a reported sales midpoint of US$8.9b and diluted EPS of US$11.88 to US$12.48, compared with prior guidance of US$8.8b and US$10.75 to US$11.55 respectively.
SKYX
US$1.11
SKYX Platforms
7D
-3.5%
1Y
-15.9%
Narrative Update • May 22

SKYX: Standardized Ceiling Outlet Rollout Will Support Multi Decade Upgrade Cycle

Analysts have adjusted their price target on SKYX Platforms to $5, citing the company's patented, standardized electrical ceiling outlet, as well as what they view as the early stages of a long upgrade cycle and potential revenue inflection. Analyst Commentary Recent research highlights enthusiasm around SKYX Platforms' patented ceiling outlet and its potential role in a long upgrade cycle.
XE
US$27.54
X-Energy
7D
-3.9%
1Y
n/a
BWEN
US$3.64
Broadwind
7D
-3.2%
1Y
114.1%
Narrative Update • May 20

BWEN: Reaffirmed 2026 Earnings Guidance May Support Higher Forward P/E Repricing

Analysts have raised their price target on Broadwind stock from $6.00 to $7.00, citing updated assumptions regarding fair value, discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Broadwind reaffirmed 2026 earnings guidance, with total revenue expected between $140.0 million and $150.0 million (company guidance).
WWR
US$0.56
Westwater Resources
7D
-2.1%
1Y
16.2%
APWC
US$1.44
Asia Pacific Wire & Cable
7D
-2.6%
1Y
-12.2%
Analysis Article • May 07

Asia Pacific Wire & Cable (NASDAQ:APWC) Shareholders Should Be Cautious Despite Solid Earnings

Solid profit numbers didn't seem to be enough to please Asia Pacific Wire & Cable Corporation Limited's ( NASDAQ:APWC...
PN
US$3.83
Skycorp Solar Group
7D
-3.5%
1Y
-93.2%
TURB
US$1.05
Turbo Energy
7D
-16.7%
1Y
-55.9%
ADSE
US$11.84
ADS-TEC Energy
7D
-0.4%
1Y
-8.9%