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U.S. Electrical Industry Analysis

UpdatedMay 25, 2026
DataAggregated Company Financials
Companies134
  • 7D2.5%
  • 3M15.7%
  • 1Y86.5%
  • YTD40.4%

Over the last 7 days, the Electrical industry has risen 2.5%, driven by gains from Bloom Energy of 17%. This means that the industry has gained 87% 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
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
Thu, 01 Jun 2023US$316.7bUS$131.0bUS$7.8b22.6x40.7x2.4x
Price to Earnings Ratio

40.7x


Total Market Cap: US$316.7bTotal Earnings: US$7.8bTotal Revenue: US$131.0bTotal 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 52.2x 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 6.0x.
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 Market1.11%
Industrials1.11%
Electrical2.45%
Heavy Electrical Equipment4.62%
Electrical Components1.14%
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 (18.8%) 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 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
BE Bloom EnergyUS$302.4916.9%
+US$12.5b		1,452.8%PE14261.8x
GEV GE VernovaUS$1.04k2.6%
+US$7.1b		123.7%PE29.8x
ETN EatonUS$391.352.5%
+US$3.7b		21.9%PE38.1x
EMR Emerson ElectricUS$136.423.2%
+US$2.4b		15.4%PE31.3x
ROK Rockwell AutomationUS$452.293.7%
+US$1.8b		48.0%PE46.3x

Latest News

BE
US$302.49
Bloom Energy
7D
16.9%
1Y
1,452.8%
ROK
US$452.29
Rockwell Automation
7D
3.7%
1Y
48.0%
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.
EMR
US$136.42
Emerson Electric
7D
3.2%
1Y
15.4%
Narrative Update • May 24

EMR: AI Automation Upside Is Expected To Outweigh New Competitive Threat

Narrative Update Emerson Electric's updated analyst price target edges lower by about $1 to $163.72 as analysts fine-tune fair value, discount rate, revenue growth, profit margin, and future P/E inputs following a mix of recent target increases and cuts across the Street. Analyst Commentary Recent research on Emerson Electric reflects a split view, with some bullish analysts lifting price targets and ratings, while bearish analysts trim targets or flag short term downside risk.
GEV
US$1,038.74
GE Vernova
7D
2.6%
1Y
123.7%
Narrative Update • May 23

GEV: Index Inclusion And Elevated P/E Will Sustain Overvaluation Risk

Analysts now see fair value for GE Vernova at $917.15, up from $881.32, reflecting updated assumptions for revenue growth of 11.78%, a profit margin of 10.90%, a discount rate of 9.75%, and a future P/E of 52.16x. What's in the News Blue Energy and GE Vernova announced a paired 2.5 GW nuclear and natural gas project that targets the world's first gas plus nuclear power plant, combining GE Vernova Hitachi Nuclear Energy's BWRX-300 small modular reactor with GE Vernova 7HA.02 gas turbines, with a final investment decision planned for 2027 and initial turbine delivery reserved for 2029 (Client Announcements).
NXT
US$130.50
Nextpower
7D
-3.0%
1Y
132.8%
GNRC
US$270.14
Generac Holdings
7D
6.8%
1Y
118.6%
Narrative Update • May 22

GNRC: AI Data Center Demand Will Support 2026 Earnings Outlook

Analysts have raised the fair value estimate for Generac Holdings to $325 from $300, reflecting higher modeled revenue growth, profit margins, and a slightly richer future P/E multiple following a series of recent price target increases across the Street. Analyst Commentary Recent Street research on Generac shows a cluster of price target revisions and rating changes that point to a more constructive tone among several firms, even as a few highlight constraints on upside.
VRT
US$327.46
Vertiv Holdings Co
7D
-3.6%
1Y
214.4%
FPS
US$47.90
Forgent Power Solutions
7D
10.8%
1Y
n/a
XCH
US$0.65
XCHG
7D
-7.9%
1Y
-55.0%
BW
US$19.04
Babcock & Wilcox Enterprises
7D
-5.5%
1Y
2,829.2%
LYTS
US$23.26
LSI Industries
7D
-1.1%
1Y
48.9%
Narrative Update • May 20

LYTS: Follow On Equity Raise Will Support Future Share Price Upside

Analysts have reset their price target on LSI Industries to $30.00, reflecting updated assumptions for discount rate, revenue growth, profit margin, and future P/E that keep the stock anchored to the same fair value level as previously estimated. What's in the News LSI Industries completed a follow on equity offering of common stock totaling US$90.85 million, issuing 4,600,000 shares at US$19.75 per share with a US$1.185 discount per share (Key Developments).
ETN
US$391.35
Eaton
7D
2.5%
1Y
21.9%
ESP
US$57.60
Espey Mfg. & Electronics
7D
-4.3%
1Y
54.1%
AME
US$224.52
AMETEK
7D
-0.5%
1Y
26.4%
VICR
US$267.99
Vicor
7D
7.6%
1Y
543.1%
NPWR
US$1.93
NET Power
7D
-2.5%
1Y
22.2%