Eaton (NYSE:ETN) Has A Pretty Healthy Balance Sheet
Jun 20
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U.S. Electrical Industry Analysis
UpdatedJun 20, 2025
DataAggregated Company Financials
Companies129
- 7D2.5%
- 3M21.5%
- 1Y27.2%
- YTD9.1%
Eaton is up 2.3%, leading the way for the Electrical industry, which has gained 2.5%. Meanwhile, Sunrun actually underperformed within the industry, shrinking 38% in the last week. This means that the industry has gained 27% over the past year. Looking forward, earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the U.S. Electrical Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Jun 2025 | US$578.0b | US$153.4b | US$7.4b | 27.8x | 77.7x | 3.8x |
| Mon, 19 May 2025 | US$537.9b | US$153.3b | US$7.3b | 22.1x | 73.4x | 3.5x |
| Wed, 16 Apr 2025 | US$434.3b | US$151.6b | US$6.6b | 21.8x | 66x | 2.9x |
| Fri, 14 Mar 2025 | US$461.0b | US$151.6b | US$6.5b | 23.2x | 71.4x | 3x |
| Sun, 09 Feb 2025 | US$533.9b | US$151.2b | US$9.7b | 26.8x | 55x | 3.5x |
| Tue, 07 Jan 2025 | US$527.7b | US$151.1b | US$9.2b | 22.3x | 57.3x | 3.5x |
| Thu, 05 Dec 2024 | US$572.1b | US$151.1b | US$9.2b | 24.5x | 62.2x | 3.8x |
| Sat, 02 Nov 2024 | US$509.1b | US$153.0b | US$7.9b | 19x | 64.4x | 3.3x |
| Mon, 30 Sep 2024 | US$487.5b | US$151.2b | US$7.4b | 20.3x | 65.9x | 3.2x |
| Wed, 28 Aug 2024 | US$443.9b | US$151.3b | US$7.3b | 18.5x | 61x | 2.9x |
| Fri, 26 Jul 2024 | US$456.3b | US$157.2b | US$5.9b | 19.7x | 77.1x | 2.9x |
| Sun, 23 Jun 2024 | US$474.7b | US$159.6b | US$6.2b | 18.9x | 76.4x | 3x |
| Tue, 21 May 2024 | US$485.8b | US$160.8b | US$7.8b | 19.8x | 62.3x | 3x |
| Thu, 18 Apr 2024 | US$459.4b | US$159.1b | US$7.5b | 20.1x | 61.3x | 2.9x |
| Sat, 16 Mar 2024 | US$432.7b | US$126.0b | US$7.9b | 20.8x | 54.6x | 3.4x |
| Mon, 12 Feb 2024 | US$416.0b | US$130.3b | US$9.6b | 19.8x | 43.6x | 3.2x |
| Wed, 10 Jan 2024 | US$393.6b | US$139.2b | US$7.9b | 19.1x | 49.5x | 2.8x |
| Fri, 08 Dec 2023 | US$368.7b | US$139.3b | US$7.9b | 19.1x | 46.5x | 2.6x |
| Sun, 05 Nov 2023 | US$357.2b | US$145.7b | US$9.9b | 17.5x | 36.3x | 2.5x |
| Tue, 03 Oct 2023 | US$378.0b | US$144.2b | US$11.5b | 18.9x | 32.8x | 2.6x |
| Thu, 31 Aug 2023 | US$402.7b | US$144.2b | US$11.6b | 20.3x | 34.7x | 2.8x |
| Sat, 29 Jul 2023 | US$365.6b | US$131.1b | US$7.8b | 25.8x | 47.1x | 2.8x |
| Mon, 26 Jun 2023 | US$345.7b | US$131.1b | US$7.6b | 25.5x | 45.5x | 2.6x |
| Wed, 24 May 2023 | US$314.9b | US$130.9b | US$7.7b | 21.6x | 40.7x | 2.4x |
| Fri, 21 Apr 2023 | US$308.5b | US$128.2b | US$7.7b | 19.1x | 39.9x | 2.4x |
| Sun, 19 Mar 2023 | US$302.3b | US$127.6b | US$7.8b | 18.6x | 38.9x | 2.4x |
| Tue, 14 Feb 2023 | US$317.4b | US$114.4b | US$8.6b | 21.2x | 37x | 2.8x |
| Thu, 12 Jan 2023 | US$312.4b | US$114.1b | US$8.8b | 20.3x | 35.7x | 2.7x |
| Sat, 10 Dec 2022 | US$299.5b | US$113.5b | US$8.7b | 18.2x | 34.5x | 2.6x |
| Mon, 07 Nov 2022 | US$291.6b | US$112.4b | US$8.6b | 20.1x | 33.9x | 2.6x |
| Wed, 05 Oct 2022 | US$290.2b | US$108.1b | US$8.4b | 20.4x | 34.4x | 2.7x |
| Fri, 02 Sep 2022 | US$287.5b | US$106.2b | US$8.5b | 20.4x | 33.7x | 2.7x |
| Sun, 31 Jul 2022 | US$302.1b | US$105.6b | US$7.6b | 18.6x | 39.9x | 2.9x |
| Tue, 28 Jun 2022 | US$265.9b | US$104.8b | US$7.5b | 17.8x | 35.4x | 2.5x |
Price to Earnings Ratio
35.4x
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 77.7x which is higher than its 3-year average PE of 50.1x.
- The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 3.8x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 14% 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 and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | 0.33% | |
| Industrials | -0.096% | |
| Electrical | 2.48% | |
| Electrical Components | 2.54% | |
| Heavy Electrical Equipment | 2.32% | |
Industry PE
- Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 13.4x.
- Analysts are expecting annual earnings growth of 25.6%, which is lower than the prior year's growth of 56.4% 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 43.0x.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 26% over the next 5 years.
- However this is lower than its past earnings growth rate of 56% per year.
- In contrast, the Electrical Components industry is expected to see its earnings grow by 15% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ETN Eaton | US$334.86 | 3.5% +US$4.4b | 4.6% | PE33.3x | |
| GEV GE Vernova | US$490.19 | 2.5% +US$3.2b | 178.9% | PE69.1x | |
| VRT Vertiv Holdings Co | US$119.08 | 7.3% +US$3.1b | 31.4% | PE68.1x | |
| EMR Emerson Electric | US$128.66 | 2.5% +US$1.8b | 18.7% | PE36.7x | |
| HUBB Hubbell | US$398.73 | 4.4% +US$891.3m | 5.7% | PE26.7x |
