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Aug 16
U.S. Electrical Industry Analysis
UpdatedAug 16, 2024
DataAggregated Company Financials
Companies131
- 7D4.0%
- 3M-5.0%
- 1Y14.3%
- YTD11.6%
Over the last 7 days, the Electrical industry has risen 4.0%, driven by gains from Eaton of 5.2%. Meanwhile, Array Technologies actually underperformed within the industry, shrinking 28% in the last week. This means that the industry has gained 14% over the past year. Earnings are forecast to grow by 19% 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, 17 Aug 2024 | US$436.3b | US$151.3b | US$7.2b | 18.6x | 60.2x | 2.9x |
| Mon, 15 Jul 2024 | US$488.7b | US$157.0b | US$5.8b | 19.7x | 83.6x | 3.1x |
| Wed, 12 Jun 2024 | US$480.5b | US$159.6b | US$6.2b | 19.7x | 77.5x | 3x |
| Fri, 10 May 2024 | US$485.2b | US$160.9b | US$7.7b | 21.5x | 63x | 3x |
| Sun, 07 Apr 2024 | US$457.6b | US$125.8b | US$7.9b | 22.6x | 58.2x | 3.6x |
| Tue, 05 Mar 2024 | US$432.2b | US$126.0b | US$7.9b | 20.9x | 54.8x | 3.4x |
| Thu, 01 Feb 2024 | US$402.6b | US$139.4b | US$8.0b | 19.3x | 50.2x | 2.9x |
| Sat, 30 Dec 2023 | US$406.8b | US$139.3b | US$7.9b | 20.8x | 51.4x | 2.9x |
| Mon, 27 Nov 2023 | US$366.2b | US$139.0b | US$7.9b | 18.8x | 46.1x | 2.6x |
| Wed, 25 Oct 2023 | US$342.3b | US$144.1b | US$11.5b | 17.2x | 29.8x | 2.4x |
| Fri, 22 Sep 2023 | US$377.6b | US$144.2b | US$11.6b | 19.3x | 32.6x | 2.6x |
| Sun, 20 Aug 2023 | US$384.2b | US$144.2b | US$11.6b | 19.1x | 33.1x | 2.7x |
| Tue, 18 Jul 2023 | US$368.9b | US$131.0b | US$7.8b | 27.1x | 47.4x | 2.8x |
| Thu, 15 Jun 2023 | US$349.5b | US$131.1b | US$7.7b | 25x | 45.6x | 2.7x |
| Sat, 13 May 2023 | US$309.2b | US$130.8b | US$7.8b | 20.4x | 39.8x | 2.4x |
| Mon, 10 Apr 2023 | US$300.4b | US$128.1b | US$7.9b | 17.6x | 38x | 2.3x |
| Wed, 08 Mar 2023 | US$322.7b | US$116.6b | US$9.2b | 21.5x | 35x | 2.8x |
| Fri, 03 Feb 2023 | US$319.0b | US$113.0b | US$8.8b | 21.3x | 36.3x | 2.8x |
| Sun, 01 Jan 2023 | US$294.6b | US$113.8b | US$8.8b | 19x | 33.6x | 2.6x |
| Tue, 29 Nov 2022 | US$306.2b | US$113.4b | US$8.7b | 19.3x | 35.3x | 2.7x |
| Thu, 27 Oct 2022 | US$282.7b | US$109.1b | US$8.5b | 19.8x | 33.1x | 2.6x |
| Sat, 24 Sep 2022 | US$273.1b | US$107.9b | US$8.4b | 19.4x | 32.5x | 2.5x |
| Mon, 22 Aug 2022 | US$306.0b | US$106.2b | US$8.6b | 22.4x | 35.8x | 2.9x |
| Wed, 20 Jul 2022 | US$255.8b | US$105.1b | US$7.5b | 17.5x | 33.9x | 2.4x |
| Fri, 17 Jun 2022 | US$252.9b | US$104.8b | US$7.5b | 18.7x | 33.7x | 2.4x |
| Sun, 15 May 2022 | US$270.6b | US$104.5b | US$7.7b | 19.3x | 35.2x | 2.6x |
| Tue, 12 Apr 2022 | US$301.3b | US$99.5b | US$7.5b | 20.1x | 40.4x | 3x |
| Thu, 10 Mar 2022 | US$312.4b | US$99.2b | US$7.7b | 22x | 40.8x | 3.1x |
| Sat, 05 Feb 2022 | US$300.9b | US$95.9b | US$8.2b | 21x | 36.6x | 3.1x |
| Mon, 03 Jan 2022 | US$347.8b | US$94.3b | US$7.5b | 24x | 46.4x | 3.7x |
| Wed, 01 Dec 2021 | US$357.7b | US$95.0b | US$7.8b | 23.2x | 45.7x | 3.8x |
| Fri, 29 Oct 2021 | US$333.5b | US$90.7b | US$8.3b | 24x | 40.3x | 3.7x |
| Sun, 26 Sep 2021 | US$310.1b | US$89.1b | US$8.0b | 23x | 38.8x | 3.5x |
| Tue, 24 Aug 2021 | US$324.1b | US$89.4b | US$7.9b | 23.8x | 41.1x | 3.6x |
Price to Earnings Ratio
41.1x
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 60.2x which is higher than its 3-year average PE of 43.5x.
- The industry is trading close to its 3-year average PS ratio of 2.9x.
Past Earnings Growth
- The earnings for companies in the Electrical industry have declined 2.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 19% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the U.S. Industrials industry?
| US Market | 4.04% | |
| Industrials | 2.41% | |
| Electrical | 4.04% | |
| Heavy Electrical Equipment | 6.38% | |
| Electrical Components | 3.67% | |
Industry PE
- Investors are most optimistic about the Heavy Electrical Equipment industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 24.4%, which is higher than its past year's earnings growth of 15.3% 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 37.3x.
Forecasted Growth
- Analysts are most optimistic on the Heavy Electrical Equipment industry, expecting annual earnings growth of 24% over the next 5 years.
- This is better than its past earnings growth rate of 15% per year.
- In contrast, the Electrical Components 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| VRT Vertiv Holdings Co | US$79.42 | 11.1% +US$3.0b | 133.8% | PE59.7x | |
| ETN Eaton | US$296.68 | 1.7% +US$2.0b | 38.2% | PE32.4x | |
| GEV GE Vernova | US$184.06 | 2.8% +US$1.4b | n/a | PE42.5x | |
| AME AMETEK | US$162.69 | 2.0% +US$734.0m | 5.3% | PE28.3x | |
| ROK Rockwell Automation | US$262.69 | 1.8% +US$515.1m | -9.9% | PE29.5x |
