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U.S. Electrical Industry Analysis

UpdatedMay 20, 2026
DataAggregated Company Financials
Companies133
  • 7D-7.2%
  • 3M12.7%
  • 1Y76.7%
  • YTD33.4%

Over the last 7 days, the Electrical industry has dropped 7.2%, driven by declines in Vertiv Holdings Co and GE Vernova of 12% and 5.6%, respectively. This takes the industry's 12 month performance to a gain of 77%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 20 May 2026US$1.0tUS$172.3bUS$19.9b36.2x50.5x5.8x
Fri, 17 Apr 2026US$947.7bUS$167.5bUS$14.9b34.4x63.7x5.7x
Sun, 15 Mar 2026US$825.5bUS$166.9bUS$15.0b31.4x55x4.9x
Tue, 10 Feb 2026US$834.5bUS$166.0bUS$11.1b35.9x75x5x
Thu, 08 Jan 2026US$735.1bUS$161.8bUS$7.4b31.2x98.9x4.5x
Sat, 06 Dec 2025US$713.0bUS$161.8bUS$7.4b31.3x96.1x4.4x
Mon, 03 Nov 2025US$737.4bUS$160.0bUS$8.0b31.7x92.2x4.6x
Wed, 01 Oct 2025US$670.4bUS$157.1bUS$7.3b29.4x91.4x4.3x
Fri, 29 Aug 2025US$657.0bUS$157.1bUS$7.4b30.4x89x4.2x
Sun, 27 Jul 2025US$688.2bUS$154.5bUS$6.7b28.2x103x4.5x
Tue, 24 Jun 2025US$577.5bUS$153.4bUS$7.4b26.5x77.7x3.8x
Thu, 22 May 2025US$545.8bUS$153.3bUS$7.3b25.5x74.6x3.6x
Sat, 19 Apr 2025US$428.1bUS$151.6bUS$6.6b21.6x65.1x2.8x
Mon, 17 Mar 2025US$465.2bUS$151.6bUS$6.4b23.7x72.6x3.1x
Wed, 12 Feb 2025US$546.3bUS$150.9bUS$9.7b25.5x56.6x3.6x
Fri, 10 Jan 2025US$549.4bUS$151.1bUS$9.2b22.8x59.6x3.6x
Sun, 08 Dec 2024US$574.6bUS$151.1bUS$9.3b23.5x61.9x3.8x
Tue, 05 Nov 2024US$508.5bUS$153.0bUS$7.9b19.1x64.4x3.3x
Thu, 03 Oct 2024US$489.4bUS$151.2bUS$7.4b20.1x65.8x3.2x
Sat, 31 Aug 2024US$444.9bUS$151.3bUS$7.3b18.8x61.1x2.9x
Mon, 29 Jul 2024US$465.5bUS$157.3bUS$7.4b19.9x63.3x3x
Wed, 26 Jun 2024US$477.8bUS$159.6bUS$6.2b19.2x76.9x3x
Fri, 24 May 2024US$498.3bUS$160.8bUS$7.8b20.9x63.9x3.1x
Sun, 21 Apr 2024US$450.8bUS$159.1bUS$7.5b20.1x60.2x2.8x
Tue, 19 Mar 2024US$437.3bUS$126.0bUS$7.9b21.1x55.1x3.5x
Thu, 15 Feb 2024US$410.1bUS$130.3bUS$9.5b19.9x43.4x3.1x
Sat, 13 Jan 2024US$391.4bUS$139.2bUS$7.9b19.3x49.3x2.8x
Mon, 11 Dec 2023US$370.5bUS$139.3bUS$7.9b19.4x46.7x2.7x
Wed, 08 Nov 2023US$354.0bUS$145.7bUS$9.9b17.6x35.9x2.4x
Fri, 06 Oct 2023US$363.1bUS$144.1bUS$11.5b18.3x31.6x2.5x
Sun, 03 Sep 2023US$407.1bUS$144.2bUS$11.6b20.7x35.1x2.8x
Tue, 01 Aug 2023US$371.7bUS$131.1bUS$7.8b25.8x47.8x2.8x
Thu, 29 Jun 2023US$354.2bUS$131.1bUS$7.6b25.9x46.6x2.7x
Sat, 27 May 2023US$322.4bUS$131.0bUS$7.8b22.9x41.4x2.5x
Price to Earnings Ratio

41.4x


Total Market Cap: US$322.4bTotal Earnings: US$7.8bTotal Revenue: US$131.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 64.1x202420252026
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 50.5x which is lower than its 3-year average PE of 64.1x.
  • The 3-year average PS ratio of 3.5x is lower than the industry's current PS ratio of 5.8x.
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 Market-1.01%
Industrials-3.52%
Electrical-7.22%
Heavy Electrical Equipment-6.22%
Electrical Components-7.80%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 54.3x.
    • 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 77.4x.
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 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
ST Sensata Technologies HoldingUS$46.414.3%
+US$276.3m		72.7%PE139.2x
NXT NextpowerUS$127.121.4%
+US$259.8m		115.5%PE32.2x
HYLN Hyliion HoldingsUS$4.0952.6%
+US$251.4m		224.6%PS125.4x
BW Babcock & Wilcox EnterprisesUS$19.59-0.8%
US$231.1m		2,311.1%PS4.5x
SHLS Shoals Technologies GroupUS$9.287.5%
+US$109.1m		93.9%PE46.4x

Latest News

BW
US$19.59
Babcock & Wilcox Enterprises
7D
-0.8%
1Y
2,311.1%
GEV
US$1,011.80
GE Vernova
7D
-5.6%
1Y
124.8%
FCEL
US$17.36
FuelCell Energy
7D
1.6%
1Y
279.0%
VRT
US$322.63
Vertiv Holdings Co
7D
-12.1%
1Y
203.3%
Seeking Alpha • May 19

Vertiv: The Infrastructure Layer Behind AI's Biggest Constraint

Summary I am reiterating Vertiv (VRT) as a Strong Buy because AI-Infrastructure growth is increasingly constrained by power availability, cooling density and grid access. VRT has the solution to those bottlenecks. The main growth drivers are high-density AI power systems, Vertiv OneCore modular infrastructure, 800 VDC architecture, EnergyCore Grid BESS and expanding service and thermal management business. I estimate these growth drivers can help grow adjusted EBITDA from about $3.55Bn in 2026 to about $4.9Bn in 2027 adjusted EBITDA. My Price Target for VRT is $492, representing a 33% upside potential. I arrive at my PT by using a 39x FWD EV/EBITDA and $4.9Bn 2027 adjusted EBITDA. The biggest risks are valuation compression, AI infrastructure deployment delays, AI Power winter and execution challenges around manufacturing scale and supply chains. Read the full article on Seeking Alpha
BE
US$261.34
Bloom Energy
7D
-6.9%
1Y
1,267.6%
ST
US$46.41
Sensata Technologies Holding
7D
4.3%
1Y
72.7%
ROK
US$422.29
Rockwell Automation
7D
-7.2%
1Y
37.1%
Analysis Article • May 16

We Think Rockwell Automation's (NYSE:ROK) Robust Earnings Are Conservative

Rockwell Automation, Inc.'s ( NYSE:ROK ) strong earnings report was rewarded with a positive stock price move. We did...
AME
US$221.28
AMETEK
7D
-4.3%
1Y
22.4%
KULR
US$3.63
KULR Technology Group
7D
13.8%
1Y
-63.1%
NXT
US$127.12
Nextpower
7D
1.4%
1Y
115.5%
Narrative Update • May 15

NXT: U.S. Manufacturing And Data Partnerships Will Support Balanced Long Term Opportunity

Analysts have lifted their price target for Nextpower from $121.74 to $142.04, citing updated assumptions that include higher projected revenue growth, a slightly stronger profit margin, a modestly higher discount rate, and a richer future P/E multiple. What's in the News Updated fiscal 2027 guidance: Nextpower now expects revenue of $3.8b to $4.1b, GAAP net income of $501 million to $559 million, and GAAP diluted EPS of $3.19 to $3.56 for the year (Corporate guidance).
ETN
US$371.88
Eaton
7D
-7.4%
1Y
13.3%
Narrative Update • May 14

ETN: Future Returns Will Reflect AI Power Demand And Execution Risks

Analysts have lifted the Eaton price target by about $41 to reflect updated assumptions for fair value near $450, a higher discount rate, stronger revenue growth expectations, slightly lower profit margin estimates, and a modestly higher future P/E multiple, supported by a series of recent target increases and bullish initiations on the stock. Analyst Commentary Recent research on Eaton has been active, with several firms updating price targets and coverage views in quick succession.
EMR
US$130.65
Emerson Electric
7D
-4.8%
1Y
10.7%
SHLS
US$9.28
Shoals Technologies Group
7D
7.5%
1Y
93.9%
HYLN
US$4.09
Hyliion Holdings
7D
52.6%
1Y
224.6%
VICR
US$243.43
Vicor
7D
-16.8%
1Y
459.1%
ADSE
US$11.60
ADS-TEC Energy
7D
4.5%
1Y
-3.1%