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U.S. Electrical Industry Analysis

UpdatedAug 16, 2024
DataAggregated Company Financials
Companies131
  • 7D4.0%
  • 3M-5.0%
  • 1Y14.3%
  • YTD11.6%

In the last week, the Electrical industry is up 4.0%, with Eaton up 5.2%. Meanwhile, Array Technologies actually underperformed within the industry, shrinking 28% in the last week. In the last 12 months, the industry was up 14%. Looking forward, 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Aug 2024US$436.3bUS$151.3bUS$7.2b18.6x60.2x2.9x
Sun, 14 Jul 2024US$488.7bUS$157.0bUS$5.8b19.7x83.6x3.1x
Tue, 11 Jun 2024US$480.4bUS$159.6bUS$6.2b20x77.5x3x
Thu, 09 May 2024US$480.8bUS$161.2bUS$7.6b21.7x63.2x3x
Sat, 06 Apr 2024US$449.1bUS$125.8bUS$7.9b22.6x57x3.6x
Mon, 04 Mar 2024US$431.9bUS$126.0bUS$7.9b20.4x54.8x3.4x
Wed, 31 Jan 2024US$400.6bUS$139.3bUS$8.0b19.9x50.1x2.9x
Fri, 29 Dec 2023US$407.2bUS$139.3bUS$7.9b20.9x51.4x2.9x
Sun, 26 Nov 2023US$366.2bUS$139.0bUS$7.9b18.8x46.1x2.6x
Tue, 24 Oct 2023US$342.1bUS$144.1bUS$11.5b17.2x29.8x2.4x
Thu, 21 Sep 2023US$384.9bUS$144.2bUS$11.6b19.8x33.3x2.7x
Sat, 19 Aug 2023US$382.7bUS$144.2bUS$11.6b19.1x32.9x2.7x
Mon, 17 Jul 2023US$368.9bUS$131.0bUS$7.8b26x47.4x2.8x
Wed, 14 Jun 2023US$352.8bUS$131.1bUS$7.7b26x46x2.7x
Fri, 12 May 2023US$307.4bUS$130.8bUS$7.7b20.4x39.9x2.4x
Sun, 09 Apr 2023US$300.4bUS$128.1bUS$7.9b17.6x38x2.3x
Tue, 07 Mar 2023US$327.3bUS$116.6bUS$9.2b21.5x35.5x2.8x
Thu, 02 Feb 2023US$318.4bUS$114.5bUS$8.9b21.1x35.7x2.8x
Sat, 31 Dec 2022US$294.5bUS$113.8bUS$8.8b19x33.6x2.6x
Mon, 28 Nov 2022US$314.6bUS$113.4bUS$8.7b18.8x36.2x2.8x
Wed, 26 Oct 2022US$282.4bUS$108.4bUS$8.5b19.8x33.4x2.6x
Fri, 23 Sep 2022US$279.0bUS$107.9bUS$8.4b19.4x33.2x2.6x
Sun, 21 Aug 2022US$306.0bUS$106.1bUS$8.6b22.4x35.8x2.9x
Tue, 19 Jul 2022US$255.8bUS$105.1bUS$7.5b17.5x33.9x2.4x
Thu, 16 Jun 2022US$266.6bUS$104.8bUS$7.5b19.1x35.5x2.5x
Sat, 14 May 2022US$270.4bUS$104.5bUS$7.7b20.1x35.3x2.6x
Mon, 11 Apr 2022US$305.8bUS$99.5bUS$7.5b20.4x41x3.1x
Wed, 09 Mar 2022US$302.5bUS$99.2bUS$7.6b21.5x39.6x3.1x
Fri, 04 Feb 2022US$303.9bUS$95.4bUS$8.1b21.6x37.4x3.2x
Sun, 02 Jan 2022US$347.8bUS$94.3bUS$7.5b24x46.4x3.7x
Tue, 30 Nov 2021US$367.4bUS$95.0bUS$7.8b23.5x46.9x3.9x
Thu, 28 Oct 2021US$327.6bUS$90.3bUS$8.1b23.5x40.4x3.6x
Sat, 25 Sep 2021US$310.0bUS$89.1bUS$8.0b23x38.8x3.5x
Mon, 23 Aug 2021US$321.3bUS$89.4bUS$7.9b23.2x40.7x3.6x
Price to Earnings Ratio

40.7x


Total Market Cap: US$321.3bTotal Earnings: US$7.9bTotal Revenue: US$89.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 43.5x202220232024
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 Market4.04%
Industrials2.41%
Electrical4.04%
Heavy Electrical Equipment6.38%
Electrical Components3.67%
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?

CompanyLast Price7D1YValuation
ETN EatonUS$302.465.2%
+US$6.0b		41.1%PE33x
VRT Vertiv Holdings CoUS$82.9616.7%
+US$4.5b		151.5%PE62.4x
GEV GE VernovaUS$188.826.6%
+US$3.2b		n/aPE43.6x
AME AMETEKUS$163.152.7%
+US$995.6m		6.6%PE28.4x
NVT nVent ElectricUS$66.926.6%
+US$688.1m		29.9%PE19.3x
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US$149.04

Generac Holdings

7D

5.3%

1Y

34.9%

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NVT

US$66.92

nVent Electric

7D

6.6%

1Y

29.9%

EMR

US$104.29

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7D

-0.3%

1Y

8.9%

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VRT

US$82.96

Vertiv Holdings Co

7D

16.7%

1Y

151.5%

ROK

US$263.82

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7D

1.8%

1Y

-9.5%

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HUBB

US$380.97

Hubbell

7D

1.9%

1Y

26.7%

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ETN

US$302.46

Eaton

7D

5.2%

1Y

41.1%

ATKR

US$94.04

Atkore

7D

-1.3%

1Y

-33.3%

ARRY

US$6.50

Array Technologies

7D

-27.7%

1Y

-68.2%

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Aug 11
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AME

US$163.15

AMETEK

7D

2.7%

1Y

6.6%

NXT

US$38.90

Nextracker

7D

-3.2%

1Y

6.3%

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GEV

US$188.82

GE Vernova

7D

6.6%

1Y

n/a

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Aug 09

ENVX

US$10.66

Enovix

7D

-10.6%

1Y

-23.3%

GTI

US$1.96

Graphjet Technology

7D

-12.9%

1Y

-82.3%

SDST

US$9.45

Stardust Power

7D

-25.6%

1Y

-12.7%

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