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U.S. Industrials Sector Analysis

UpdatedAug 05, 2026
DataAggregated Company Financials
Companies1075
  • 7D2.9%
  • 3M2.2%
  • 1Y21.9%
  • YTD15.6%

In the last week, the Industrials industry is up 2.9%, with Eaton leading the way with a 15% gain. In the same time, Waste Management was down 5.9%. This means that the industry has gained 22% over the past year. Looking forward, earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

Has the U.S. Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 05 Aug 2026US$7.8tUS$3.0tUS$231.1b26.9x33.7x2.6x
Fri, 03 Jul 2026US$7.8tUS$2.9tUS$218.3b26.2x35.8x2.7x
Sun, 31 May 2026US$7.6tUS$2.9tUS$218.8b26x34.8x2.6x
Tue, 28 Apr 2026US$7.5tUS$2.8tUS$220.0b25.8x33.9x2.6x
Thu, 26 Mar 2026US$7.0tUS$2.9tUS$213.4b24.5x32.8x2.4x
Sat, 21 Feb 2026US$7.5tUS$2.8tUS$207.4b27.4x36.2x2.6x
Mon, 19 Jan 2026US$7.0tUS$2.7tUS$209.0b26.1x33.3x2.5x
Wed, 17 Dec 2025US$6.5tUS$2.7tUS$209.7b24.8x30.9x2.4x
Fri, 14 Nov 2025US$6.4tUS$2.7tUS$211.2b23.9x30.3x2.3x
Sun, 12 Oct 2025US$6.2tUS$2.7tUS$210.1b24.1x29.7x2.3x
Tue, 09 Sep 2025US$6.2tUS$2.7tUS$208.3b25x29.7x2.3x
Thu, 07 Aug 2025US$6.2tUS$2.7tUS$208.1b24.1x29.7x2.3x
Sat, 05 Jul 2025US$6.1tUS$2.7tUS$205.2b24.3x29.7x2.3x
Mon, 02 Jun 2025US$5.8tUS$2.7tUS$205.2b22.4x28.1x2.1x
Wed, 30 Apr 2025US$5.2tUS$2.7tUS$204.1b20.7x25.6x2x
Fri, 28 Mar 2025US$5.4tUS$2.7tUS$203.6b21.1x26.7x2x
Sun, 23 Feb 2025US$5.6tUS$2.7tUS$209.4b22.3x26.6x2.1x
Tue, 21 Jan 2025US$5.8tUS$2.7tUS$196.4b24.6x29.5x2.1x
Thu, 19 Dec 2024US$5.7tUS$2.7tUS$198.0b23.1x28.9x2.1x
Sat, 16 Nov 2024US$5.9tUS$2.7tUS$194.6b23.8x30.3x2.2x
Mon, 14 Oct 2024US$5.8tUS$2.7tUS$180.3b23.9x32.1x2.1x
Wed, 11 Sep 2024US$5.3tUS$2.7tUS$179.8b21.3x29.3x2x
Fri, 09 Aug 2024US$5.1tUS$2.7tUS$179.7b21.2x28.2x1.9x
Sun, 07 Jul 2024US$5.1tUS$2.7tUS$170.2b21.2x29.9x1.9x
Tue, 04 Jun 2024US$5.2tUS$2.7tUS$170.0b22.3x30.8x1.9x
Thu, 02 May 2024US$5.1tUS$2.7tUS$170.6b22.1x30.2x1.9x
Sat, 30 Mar 2024US$5.4tUS$2.6tUS$172.6b23.8x31.1x2x
Mon, 26 Feb 2024US$5.1tUS$2.7tUS$175.0b23.2x29.1x1.9x
Wed, 24 Jan 2024US$4.9tUS$2.7tUS$182.9b21.1x26.9x1.8x
Fri, 22 Dec 2023US$4.8tUS$2.7tUS$182.9b21.4x26.4x1.8x
Sun, 19 Nov 2023US$4.5tUS$2.7tUS$181.9b19.3x24.8x1.7x
Tue, 17 Oct 2023US$4.4tUS$2.7tUS$192.7b17.8x23x1.6x
Thu, 14 Sep 2023US$4.5tUS$2.7tUS$189.6b18.1x23.7x1.7x
Sat, 12 Aug 2023US$4.7tUS$2.7tUS$188.8b19x24.7x1.7x
Price to Earnings Ratio

24.7x


Total Market Cap: US$4.7tTotal Earnings: US$188.8bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 29.5x202420252026
Current Industry PE
  • Investors are optimistic on the American Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 33.7x which is higher than its 3-year average PE of 29.5x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 7.0% per year over the last three years.
  • Revenues for these companies have grown 3.0% 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 sector?

US Market4.85%
Industrials2.88%
Construction10.15%
Electrical9.09%
Airlines6.72%
Aerospace & Defense3.08%
Trade Distributors2.91%
Building2.33%
Machinery1.44%
Infrastructure1.33%
Logistics1.18%
Transportation0.76%
Marine and Shipping0.48%
Industrials0.13%
Professional Services-0.063%
Commercial Services-3.32%
Industry PE
  • Investors are most optimistic about the Electrical industry even though it's trading below its 3-year average PE ratio of 64.5x.
    • Analysts are expecting annual earnings growth of 18.7%, which is lower than the prior year's growth of 23.9% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 17.1x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 23% over the next 5 years.
  • However this is lower than its past earnings growth rate of 47% per year.
  • In contrast, the Industrials industry is expected to see its earnings decline by 2.1% 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$444.7715.1%
+US$22.8b		24.8%PE45.1x
GEV GE VernovaUS$1.02k8.0%
+US$20.0b		56.8%PE28.5x
BE Bloom EnergyUS$228.1136.7%
+US$18.0b		506.5%PE274.3x
CAT CaterpillarUS$876.544.2%
+US$16.4b		101.9%PE37.2x
PWR Quanta ServicesUS$693.0017.8%
+US$15.9b		78.1%PE78.5x

Latest News

LHX
US$285.30
L3Harris Technologies
7D
-6.5%
1Y
2.5%
Seeking Alpha • 7h

L3Harris: Missile Solutions To Drive Growth, IPO As The Next Catalyst

Summary L3Harris Technologies targets 8% organic revenue CAGR and 15%+ cash flow CAGR through 2028, underpinned by robust defense demand. The pending Missile Solutions IPO, now delayed to mid-2027, is expected to unlock further shareholder value as the segment nears its growth inflection. LHX is trading below its five-year average valuation despite sector tailwinds and elevated growth prospects, presenting a compelling entry point. I assign a fair value of $370 per share, implying 30% upside, with catalysts including strong contract momentum and the upcoming IPO. Read the full article on Seeking Alpha
PWR
US$693.00
Quanta Services
7D
17.8%
1Y
78.1%
Analysis Article • 7h

Bullish: Analysts Just Made A Neat Upgrade To Their Quanta Services, Inc. (NYSE:PWR) Forecasts

Celebrations may be in order for Quanta Services, Inc. ( NYSE:PWR ) shareholders, with the analysts delivering a...
WM
US$225.25
Waste Management
7D
-5.9%
1Y
-2.0%
CAT
US$876.54
Caterpillar
7D
4.2%
1Y
101.9%
Seeking Alpha • 13h

Caterpillar: You Can't Avoid The Cycle, But You Can Price It

Summary Caterpillar is riding AI infrastructure momentum with record backlog and raised guidance, but valuation risk is acute. CAT trades at over 30x forward earnings and a 3.2% FCF yield, both unattractive versus risk-free assets and sector medians. Despite strong fundamentals, CAT's valuation leaves no margin of safety; mean reversion could drive negative medium-term returns. I rate CAT a Hold—structural growth is real, but the current price is unsustainable for value or GARP investors. Read the full article on Seeking Alpha
RKLB
US$74.48
Rocket Lab
7D
27.1%
1Y
68.9%
CTAS
US$203.65
Cintas
7D
-5.2%
1Y
-8.6%
BE
US$228.11
Bloom Energy
7D
36.7%
1Y
506.5%
GWW
US$1,300.45
W.W. Grainger
7D
-7.0%
1Y
39.0%
ROK
US$445.23
Rockwell Automation
7D
-5.5%
1Y
28.7%
BA
US$237.16
Boeing
7D
7.0%
1Y
5.5%
New Narrative • Aug 04

The Operations Turned Profitable, The Balance Sheet Has Not

Read the Q2 income statement line by line. Operating earnings of $156 million.
MTZ
US$271.71
MasTec
7D
-13.0%
1Y
52.9%
GE
US$377.28
General Electric
7D
3.8%
1Y
38.6%
ETN
US$444.77
Eaton
7D
15.1%
1Y
24.8%
Narrative Update • Aug 04

ETN: Future Returns Will Balance AI Datacenters And Mobility Deal Execution

Analysts have increased the Eaton fair value estimate from $451.73 to $464.59 as they factor in higher price targets tied to strong Q2 results, growing datacenter backlog visibility, and improving confidence in the company's execution. Analyst Commentary Recent research updates on Eaton focus heavily on how Q2 execution, datacenter demand and capital allocation feed into the stock's valuation and growth profile.
DE
US$617.37
Deere
7D
-3.5%
1Y
21.4%
LII
US$446.74
Lennox International
7D
-17.9%
1Y
-25.9%
Narrative Update • Jul 30

LII: Acquisitions And Buybacks Will Support Future Earnings Resilience

Analysts have lowered their fair value estimate for Lennox International by about $30 to roughly $539 per share, reflecting updated assumptions around the discount rate, revenue growth, profit margins, and future P/E levels. What’s in the News for Lennox International Lennox International updated full year 2026 earnings per share guidance to a range of $23.00 to $24.00, compared with the prior range of $23.50 to $25.00.
GEV
US$1,018.53
GE Vernova
7D
8.0%
1Y
56.8%