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U.S. Machinery Industry Analysis

UpdatedJun 21, 2026
DataAggregated Company Financials
Companies190
  • 7D4.8%
  • 3M16.0%
  • 1Y50.8%
  • YTD24.9%

The Machinery industry is up 4.8% in the last week, with Caterpillar up 8.3%. This takes the industry's 12 month performance to a gain of 50%. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 21 Jun 2026US$1.6tUS$489.3bUS$44.8b28x35.6x3.3x
Tue, 19 May 2026US$1.5tUS$461.2bUS$43.7b26.1x33.4x3.2x
Thu, 16 Apr 2026US$1.5tUS$454.7bUS$43.7b27.1x34.1x3.3x
Sat, 14 Mar 2026US$1.4tUS$451.5bUS$43.3b26x31.7x3x
Mon, 09 Feb 2026US$1.5tUS$449.4bUS$42.9b29.2x34.4x3.3x
Wed, 07 Jan 2026US$1.3tUS$450.9bUS$43.7b26x29.7x2.9x
Fri, 05 Dec 2025US$1.3tUS$450.7bUS$43.7b25.5x28.8x2.8x
Sun, 02 Nov 2025US$1.2tUS$447.9bUS$44.8b23.5x27.3x2.7x
Tue, 30 Sep 2025US$1.2tUS$447.1bUS$44.2b24x26x2.6x
Thu, 28 Aug 2025US$1.1tUS$446.9bUS$44.2b24.6x26x2.6x
Sat, 26 Jul 2025US$1.1tUS$448.7bUS$44.3b23.8x25.7x2.5x
Mon, 23 Jun 2025US$1.0tUS$449.2bUS$44.5b22.4x23.4x2.3x
Wed, 21 May 2025US$1.1tUS$449.1bUS$44.6b23.9x24x2.4x
Fri, 18 Apr 2025US$912.3bUS$457.0bUS$48.6b19.4x18.8x2x
Sun, 16 Mar 2025US$1.0tUS$457.3bUS$47.9b21.4x21.3x2.2x
Tue, 11 Feb 2025US$1.1tUS$461.5bUS$48.9b23.2x22.4x2.4x
Thu, 09 Jan 2025US$1.0tUS$467.3bUS$47.9b22.4x21.8x2.2x
Sat, 07 Dec 2024US$1.1tUS$467.7bUS$47.8b24.8x23.7x2.4x
Mon, 04 Nov 2024US$1.0tUS$473.8bUS$49.3b23.1x21.3x2.2x
Wed, 02 Oct 2024US$1.1tUS$474.2bUS$49.4b22.1x21.5x2.2x
Fri, 30 Aug 2024US$991.3bUS$474.2bUS$49.3b21.5x20.1x2.1x
Sun, 28 Jul 2024US$1.0tUS$477.0bUS$51.6b21.8x19.7x2.1x
Tue, 25 Jun 2024US$965.6bUS$476.9bUS$52.5b21.3x18.4x2x
Thu, 23 May 2024US$1.0tUS$477.3bUS$51.3b22.2x20.1x2.2x
Sat, 20 Apr 2024US$1.0tUS$478.1bUS$48.2b22.1x21.1x2.1x
Mon, 18 Mar 2024US$1.0tUS$476.8bUS$48.0b23.2x21.3x2.1x
Wed, 14 Feb 2024US$965.4bUS$476.7bUS$47.3b22.2x20.4x2x
Fri, 12 Jan 2024US$943.9bUS$485.5bUS$47.8b21.8x19.7x1.9x
Sun, 10 Dec 2023US$878.3bUS$483.9bUS$47.8b21.5x18.4x1.8x
Tue, 07 Nov 2023US$853.0bUS$484.2bUS$46.9b19.6x18.2x1.8x
Thu, 05 Oct 2023US$864.0bUS$475.1bUS$44.4b19.7x19.5x1.8x
Sat, 02 Sep 2023US$935.4bUS$475.1bUS$44.5b20.8x21x2x
Mon, 31 Jul 2023US$939.9bUS$465.4bUS$41.2b20.7x22.8x2x
Wed, 28 Jun 2023US$890.6bUS$460.9bUS$40.5b20.3x22x1.9x
Price to Earnings Ratio

22x


Total Market Cap: US$890.6bTotal Earnings: US$40.5bTotal Revenue: US$460.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Machinery Industry Price to Earnings3Y Average 23.7x202420252026
Current Industry PE
  • Investors are optimistic on the American Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 36.1x which is higher than its 3-year average PE of 23.7x.
  • The 3-year average PS ratio of 2.4x is lower than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 3.5% per year over the last three years.
  • Revenues for these companies have grown 2.0% 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 Market1.39%
Industrials2.54%
Machinery4.83%
Construction Machinery and Vehicles6.58%
Industrial Machinery3.78%
Agricultural Machinery1.79%
Industry PE
  • Investors are most optimistic about the Construction Machinery and Vehicles industry which is trading above its 3-year average PE ratio of 20.5x.
    • Analysts are expecting annual earnings growth of 17.2%, which is higher than its past year's earnings decline of 5.5% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.4x.
Forecasted Growth
  • Analysts are most optimistic on the Agricultural Machinery industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Industrial Machinery industry is expected to see its earnings grow by 16% 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
CAT CaterpillarUS$985.828.3%
+US$34.7b		173.4%PE48.2x
CMI CumminsUS$716.868.7%
+US$7.9b		128.1%PE37x
PH Parker-HannifinUS$953.275.5%
+US$6.3b		46.0%PE34.5x
DE DeereUS$589.242.0%
+US$3.2b		13.0%PE33.3x
ITW Illinois Tool WorksUS$264.092.6%
+US$1.9b		9.8%PE24.2x

Latest News

ITW
US$264.09
Illinois Tool Works
7D
2.6%
1Y
9.8%
Analysis Article • 20h

Illinois Tool Works (ITW) Stock Could Be 3.8% Undervalued After Mixed Earnings

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CMI
US$716.86
Cummins
7D
8.7%
1Y
128.1%
Analysis Article • 22h

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INLF
US$0.16
INLIF
7D
-95.8%
1Y
-99.2%
RBC
US$639.18
RBC Bearings
7D
5.9%
1Y
71.6%
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RBC Bearings: A Great Business At An Awful Price

Summary RBC Bearings Incorporated is delivering rapid revenue and profit growth, driven by strong performance in Aerospace & Defense and recent acquisitions. Despite operational strength and a surging backlog, RBC trades at significantly elevated valuation multiples versus peers, making its current price untenable. Backlog soared from $900 million to $2.9 billion, underpinned by defense and commercial aerospace demand, yet valuation concerns outweigh growth prospects. I am downgrading RBC to a 'strong sell' due to excessive valuation, despite robust organic and acquisition-driven expansion and ongoing investment in growth. Read the full article on Seeking Alpha
DE
US$589.24
Deere
7D
2.0%
1Y
13.0%
Analysis Article • Jun 19

Deere (DE) Stock Could Be 8.5% Undervalued After Q1 Earnings Beat

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NNDM
US$1.35
Nano Dimension
7D
-9.4%
1Y
-2.9%
MLI
US$137.39
Mueller Industries
7D
-0.5%
1Y
86.9%
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ZJK
US$1.91
ZJK Industrial
7D
-17.0%
1Y
-53.4%
CYD
US$48.70
China Yuchai International
7D
-2.7%
1Y
129.7%
Narrative Update • Jun 18

CYD: Higher Margin Outlook And Richer P/E Multiple Will Support Upside

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IR
US$77.91
Ingersoll Rand
7D
5.3%
1Y
-3.1%
Narrative Update • Jun 18

IR: Recurring Revenue Shift And Buybacks Will Support Stronger Future Returns

Analysts have trimmed their price target on Ingersoll Rand stock by about $3 to $113.91. This reflects updated assumptions around slightly lower revenue growth, a modestly reduced profit margin, a higher discount rate, and a somewhat higher future P/E multiple.
WAB
US$273.83
Westinghouse Air Brake Technologies
7D
3.3%
1Y
36.9%
Analysis Article • Jun 17

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PH
US$953.27
Parker-Hannifin
7D
5.5%
1Y
46.0%
Analysis Article • Jun 17

Parker-Hannifin (PH) Stock Could Be 9.1% Undervalued After Fresh Analyst Support

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CAT
US$985.82
Caterpillar
7D
8.3%
1Y
173.4%
Analysis Article • Jun 16

Caterpillar (CAT) Stock Could Be 69% Overvalued After AI Power Demand Lifts Backlog

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CNH
US$10.46
CNH Industrial
7D
-1.3%
1Y
-18.2%
ELMT
US$19.44
Elmet Group
7D
-4.9%
1Y
n/a
DCI
US$85.52
Donaldson Company
7D
-1.0%
1Y
25.5%