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U.S. Electrical Industry Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies131
  • 7D0.6%
  • 3M18.5%
  • 1Y73.7%
  • YTD14.2%

The Electrical is pretty flat in the last 7 days, but GE Vernova has stood out, gaining 5.7%. As for the the longer term, the industry is up 74% over the past 12 months. Looking forward, earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Mar 2026US$856.6bUS$167.2bUS$15.0b30.8x57.3x5.1x
Mon, 16 Feb 2026US$853.6bUS$166.6bUS$11.3b36.4x75.8x5.1x
Wed, 14 Jan 2026US$726.0bUS$162.0bUS$7.4b32.2x97.5x4.5x
Fri, 12 Dec 2025US$743.5bUS$161.8bUS$7.4b31.9x100.2x4.6x
Sun, 09 Nov 2025US$710.9bUS$161.8bUS$8.1b29.9x87.9x4.4x
Tue, 07 Oct 2025US$689.8bUS$157.3bUS$7.3b28.4x94.2x4.4x
Thu, 04 Sep 2025US$635.1bUS$157.1bUS$7.4b29.6x85.9x4x
Sat, 02 Aug 2025US$690.0bUS$155.5bUS$7.0b28.3x98x4.4x
Mon, 30 Jun 2025US$597.3bUS$153.6bUS$7.4b27.2x80.6x3.9x
Wed, 28 May 2025US$543.1bUS$153.4bUS$7.4b26.7x73.8x3.5x
Fri, 25 Apr 2025US$440.1bUS$152.8bUS$7.1b22.2x61.7x2.9x
Sun, 23 Mar 2025US$475.2bUS$151.5bUS$6.4b23.4x74.2x3.1x
Tue, 18 Feb 2025US$525.5bUS$151.4bUS$9.8b26.3x53.5x3.5x
Thu, 16 Jan 2025US$548.8bUS$151.1bUS$9.2b23.2x59.5x3.6x
Sat, 14 Dec 2024US$557.9bUS$151.1bUS$9.3b23.8x60.2x3.7x
Mon, 11 Nov 2024US$562.6bUS$152.0bUS$8.9b24.3x63x3.7x
Wed, 09 Oct 2024US$499.3bUS$151.2bUS$7.4b19.5x67.1x3.3x
Fri, 06 Sep 2024US$431.4bUS$151.3bUS$7.3b18x58.8x2.9x
Sun, 04 Aug 2024US$421.8bUS$151.7bUS$7.4b17.9x57.4x2.8x
Tue, 02 Jul 2024US$469.2bUS$159.5bUS$6.2b19x75.4x2.9x
Thu, 30 May 2024US$501.6bUS$159.6bUS$6.2b23.1x81.1x3.1x
Sat, 27 Apr 2024US$474.0bUS$159.6bUS$7.6b21.3x62.7x3x
Mon, 25 Mar 2024US$450.6bUS$126.0bUS$8.0b22x56.6x3.6x
Wed, 21 Feb 2024US$411.5bUS$129.3bUS$9.4b19.8x43.7x3.2x
Fri, 19 Jan 2024US$389.1bUS$139.2bUS$7.9b19.2x49x2.8x
Sun, 17 Dec 2023US$400.4bUS$139.3bUS$7.9b20.3x50.5x2.9x
Tue, 14 Nov 2023US$354.2bUS$140.3bUS$8.6b17.4x41x2.5x
Thu, 12 Oct 2023US$381.7bUS$144.1bUS$11.5b19.3x33.2x2.6x
Sat, 09 Sep 2023US$402.6bUS$144.2bUS$11.6b20.8x34.8x2.8x
Mon, 07 Aug 2023US$393.6bUS$144.2bUS$12.2b22x32.3x2.7x
Wed, 05 Jul 2023US$362.9bUS$130.9bUS$7.8b26.3x46.5x2.8x
Fri, 02 Jun 2023US$320.8bUS$131.0bUS$7.8b22.6x41.2x2.4x
Sun, 30 Apr 2023US$309.1bUS$129.0bUS$7.9b17.9x39.1x2.4x
Tue, 28 Mar 2023US$307.6bUS$127.9bUS$7.8b18.5x39.6x2.4x
Price to Earnings Ratio

39.6x


Total Market Cap: US$307.6bTotal Earnings: US$7.8bTotal Revenue: US$127.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 63.2x202420252026
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 57.3x which is lower than its 3-year average PE of 63.2x.
  • The 3-year average PS ratio of 3.4x 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 24% per year over the last three years.
  • Revenues for these companies have grown 9.3% 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-1.86%
Industrials-1.81%
Electrical0.62%
Heavy Electrical Equipment4.10%
Electrical Components-1.18%
Industry PE
  • Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio of 73.2x.
    • Analysts are expecting annual earnings growth of 25.5%, which is lower than the prior year's growth of 284.9% per year.
  • Investors are most pessimistic about the Electrical Components industry, which is trading close to its 3-year average of 53.0x.
Forecasted Growth
  • Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 26% over the next 5 years.
  • In contrast, the Electrical Components industry is expected to see its earnings grow by 17% 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
GEV GE VernovaUS$851.075.7%
+US$12.4b		154.9%PE47x
NVT nVent ElectricUS$116.305.8%
+US$1.0b		103.6%PE43.9x
BW Babcock & Wilcox EnterprisesUS$15.1844.4%
+US$682.2m		1,632.5%PS3.5x
FPS Forgent Power SolutionsUS$33.458.0%
+US$578.7m		n/aPE535.3x
ETN EatonUS$356.800.4%
+US$543.2m		20.8%PE33.9x

Latest News

BE
US$150.12
Bloom Energy
7D
-2.8%
1Y
526.8%

BE: Future Premium P/E Will Remain Misaligned With Realistic Profit Margins

Analysts have raised their price target for Bloom Energy to $65.23 from $40.20, citing updated assumptions for profit margins, revenue growth, discount rate, and future P/E that collectively support a higher valuation framework. What's in the News Bloom Energy issued earnings guidance for full year 2026, with projected revenue in the range of US$3.1b to US$3.3b (company guidance).
BW
US$15.18
Babcock & Wilcox Enterprises
7D
44.4%
1Y
1,632.5%
RRX
US$175.40
Regal Rexnord
7D
-5.8%
1Y
45.3%
FPS
US$33.45
Forgent Power Solutions
7D
8.0%
1Y
n/a
NXT
US$114.39
Nextpower
7D
-4.4%
1Y
158.4%
NVT
US$116.30
nVent Electric
7D
5.8%
1Y
103.6%

NVT: Rich Future P/E And Acquisition Ambitions Will Pressure Forward Returns

Analysts now set their fair value estimate for nVent Electric at about $85.03, a slight uptick from roughly $84.94. This reflects updated views on the discount rate, revenue growth near 5.29% and profit margin assumptions around 16.61%, along with a future P/E of about 23.20x.
ETN
US$356.80
Eaton
7D
0.4%
1Y
20.8%
POWL
US$516.00
Powell Industries
7D
2.6%
1Y
180.1%
AME
US$209.37
AMETEK
7D
-2.4%
1Y
20.0%
VICR
US$164.54
Vicor
7D
-4.7%
1Y
206.7%

VICR: Higher P/E Assumptions And Buybacks Will Support Bullish Outlook

Analysts have raised their price target on Vicor from $196.25 to $208.75, citing updated assumptions around the discount rate, long-term revenue growth, profit margins, and future P/E that are consistent with recent Street research commentary. Analyst Commentary Recent Street research has focused on how updated assumptions around discount rates, long term revenue growth, profit margins, and future P/E feed into the higher price target for Vicor.
VRT
US$255.88
Vertiv Holdings Co
7D
-1.2%
1Y
188.7%
EMR
US$128.15
Emerson Electric
7D
-3.1%
1Y
13.3%

EMR: AI Exposure And High Margins Will Support Future Upside

Emerson Electric's updated analyst price target holds steady at $204. Analysts are balancing slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E with a mix of recent target raises and downgrades that reflect both AI driven opportunity and competitive risk in high margin industrial hardware and software.
AYI
US$267.87
Acuity
7D
2.7%
1Y
1.4%

AYI: Q1 Execution And Share Pullback Will Support Future Upside Potential

Acuity's analyst price targets have pulled back modestly, with the average fair value estimate easing by about $1.88 to $389.38. Analysts are factoring in softer nonresidential activity, questions around ABL segment margins and pricing power, and slightly tempered near term expectations despite recent earnings upside.
GEV
US$851.07
GE Vernova
7D
5.7%
1Y
154.9%

GEV: Long Term Equipment Contracts Will Support Stronger Future Returns

Analysts have lifted their price target on GE Vernova to $1,019, reflecting slightly updated assumptions on discount rate, revenue growth, profit margin, and future P/E that support a steady valuation framework. What's in the News OPC Energy agreed to purchase main equipment from GE Vernova for the Hadera 2 natural gas power project in Israel, covering gas and steam turbines, auxiliary systems, and a maintenance agreement.
ROK
US$355.11
Rockwell Automation
7D
-1.6%
1Y
37.2%

ROK: Factory Digitization And Profitability Focus Will Support A More Optimistic Outlook

Analysts have nudged their fair value estimate for Rockwell Automation up from $490 to $495, citing updated assumptions around discount rate, revenue growth, profit margin, and future P/E. Together, these changes modestly shift their view of the stock’s risk and earnings profile.
HUBB
US$475.74
Hubbell
7D
1.8%
1Y
40.6%

HUBB: Firmer AI Demand And 2026 Outlook Will Shape Future Returns

Analysts have nudged their price targets on Hubbell higher into the $465 to $515 range, pointing to updated estimates and a firmer demand outlook supported by artificial intelligence related orders, along with cautious expectations for 2026 guidance. Analyst Commentary Recent research has clustered price targets for Hubbell in the $465 to $515 range, with several bullish analysts pointing to refreshed estimates ahead of Q4 and early views on 2026 guidance.