Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Industrials Sector Analysis

UpdatedAug 22, 2026
DataAggregated Company Financials
Companies1079
  • 7D-3.8%
  • 3M1.0%
  • 1Y15.9%
  • YTD11.6%

Over the last 7 days, the Industrials industry has dropped 3.8%, driven by GE Vernova declining 10%. On the other hand Deere is actually up 6.3%. Over the past 12 months, the industry was up 16%. As for the next few years, earnings are expected to grow by 17% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 22 Aug 2026US$7.7tUS$3.0tUS$233.0b25.3x32.9x2.5x
Mon, 20 Jul 2026US$7.6tUS$2.9tUS$219.9b26.2x34.5x2.6x
Wed, 17 Jun 2026US$7.9tUS$2.9tUS$219.2b26.3x35.8x2.7x
Fri, 15 May 2026US$7.6tUS$2.9tUS$220.2b25.2x34.3x2.6x
Sun, 12 Apr 2026US$7.3tUS$2.8tUS$214.2b25.6x34.1x2.6x
Tue, 10 Mar 2026US$7.2tUS$2.9tUS$213.0b25.3x33.7x2.5x
Thu, 05 Feb 2026US$7.2tUS$2.8tUS$207.8b26.2x34.7x2.5x
Sat, 03 Jan 2026US$6.4tUS$2.7tUS$210.3b24.4x30.4x2.3x
Mon, 01 Dec 2025US$6.4tUS$2.7tUS$209.8b24.4x30.4x2.3x
Wed, 29 Oct 2025US$6.5tUS$2.7tUS$210.4b26.1x30.8x2.4x
Fri, 26 Sep 2025US$6.3tUS$2.7tUS$208.5b24.2x30.1x2.3x
Sun, 24 Aug 2025US$6.3tUS$2.7tUS$209.0b24.8x30x2.3x
Tue, 22 Jul 2025US$6.2tUS$2.7tUS$206.1b23.8x29.9x2.3x
Thu, 19 Jun 2025US$5.8tUS$2.7tUS$205.1b22.5x28.2x2.1x
Sat, 17 May 2025US$5.8tUS$2.7tUS$205.8b23.1x28x2.1x
Mon, 14 Apr 2025US$5.1tUS$2.7tUS$203.5b19.9x25x1.9x
Wed, 12 Mar 2025US$5.4tUS$2.7tUS$203.0b21.1x26.4x2x
Fri, 07 Feb 2025US$5.7tUS$2.7tUS$208.2b24.3x27.6x2.1x
Sun, 05 Jan 2025US$5.6tUS$2.7tUS$197.7b23.8x28.3x2.1x
Tue, 03 Dec 2024US$6.1tUS$2.7tUS$197.2b25.1x30.8x2.2x
Thu, 31 Oct 2024US$5.7tUS$2.7tUS$189.7b23.4x30x2.1x
Sat, 28 Sep 2024US$5.6tUS$2.7tUS$179.6b23x31.3x2.1x
Mon, 26 Aug 2024US$5.4tUS$2.7tUS$179.6b22.6x30x2x
Wed, 24 Jul 2024US$5.4tUS$2.7tUS$169.9b22.9x31.5x2x
Fri, 21 Jun 2024US$5.2tUS$2.7tUS$170.5b21.2x30.4x1.9x
Sun, 19 May 2024US$5.3tUS$2.7tUS$171.4b22.7x31x2x
Tue, 16 Apr 2024US$5.2tUS$2.7tUS$173.8b22.5x30x1.9x
Thu, 14 Mar 2024US$5.2tUS$2.7tUS$172.0b23x30.2x2x
Sat, 10 Feb 2024US$5.0tUS$2.7tUS$173.3b22.5x28.7x1.9x
Mon, 08 Jan 2024US$4.8tUS$2.7tUS$182.9b20.8x26.3x1.8x
Wed, 06 Dec 2023US$4.7tUS$2.7tUS$182.5b19.7x25.8x1.7x
Fri, 03 Nov 2023US$4.3tUS$2.7tUS$180.6b17.3x23.5x1.6x
Sun, 01 Oct 2023US$4.4tUS$2.7tUS$192.2b17.9x22.9x1.6x
Tue, 29 Aug 2023US$4.6tUS$2.7tUS$189.4b18.7x24.1x1.7x
Price to Earnings Ratio

24.1x


Total Market Cap: US$4.6tTotal Earnings: US$189.4bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 29.7x202420252026
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 32.9x which is higher than its 3-year average PE of 29.7x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.5x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 7.2% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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 sector?

US Market-1.53%
Industrials-3.83%
Marine and Shipping3.48%
Professional Services2.11%
Transportation2.02%
Commercial Services1.57%
Infrastructure-1.33%
Machinery-2.19%
Logistics-2.74%
Trade Distributors-3.24%
Industrials-4.74%
Building-5.19%
Aerospace & Defense-6.43%
Construction-6.96%
Airlines-8.32%
Electrical-8.58%
Industry PE
  • Investors are most optimistic about the Construction industry which is trading above its 3-year average PE ratio of 39.0x.
    • Analysts are expecting annual earnings growth of 25.6%, which is lower than the prior year's growth of 43.2% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 17.3x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 26% over the next 5 years.
  • However this is lower than its past earnings growth rate of 43% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 4.0% 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
DE DeereUS$647.476.3%
+US$10.4b		30.5%PE35.9x
UNP Union PacificUS$308.054.9%
+US$8.5b		35.2%PE25x
UBER Uber TechnologiesUS$78.803.8%
+US$5.8b		-18.6%PE16.8x
NSC Norfolk SouthernUS$350.724.9%
+US$3.7b		23.2%PE29.9x
ADP Automatic Data ProcessingUS$280.812.9%
+US$3.1b		-8.8%PE25.3x

Latest News

RSG
US$220.67
Republic Services
7D
2.8%
1Y
-5.8%
RTX
US$209.91
RTX
7D
-5.9%
1Y
34.4%
UBER
US$78.80
Uber Technologies
7D
3.8%
1Y
-18.6%
BA
US$214.20
Boeing
7D
-7.5%
1Y
-6.9%
DE
US$647.47
Deere
7D
6.3%
1Y
30.5%
CPRT
US$33.80
Copart
7D
6.9%
1Y
-31.0%
ETN
US$419.20
Eaton
7D
-7.2%
1Y
20.6%
ADP
US$280.81
Automatic Data Processing
7D
2.9%
1Y
-8.8%
Narrative Update • Aug 20

ADP: Stable Margins And Labor Trends Will Support Earnings Power

The updated analyst price target for Automatic Data Processing is now $322, down from $332, as analysts weigh steady margin expectations and P/E assumptions against more cautious views on revenue growth and bookings, even as a series of recent Street target increases reflects ongoing interest in the stock. Analyst Commentary Recent Street research on Automatic Data Processing shows a cluster of higher price targets, even as opinions on the stock remain mixed.
CAT
US$827.90
Caterpillar
7D
-3.3%
1Y
90.0%
Narrative Update • Aug 20

CAT: Data Center Regulation Will Constrain AI Power Backlog And Future Upside

Caterpillar's analyst fair value estimate has been lifted from about $692 to about $716 as analysts factor in stronger modeled revenue growth and a slightly higher future P/E multiple, partly offset by more conservative profit margin and discount rate assumptions following recent Q2 driven target changes across the Street. Analyst Commentary Recent Street research on Caterpillar points to a mixed setup, with several firms lifting price targets after the Q2 earnings beat while a subset of bearish analysts turns more cautious on how durable current growth and margins may be.
CSX
US$51.59
CSX
7D
2.9%
1Y
49.2%
Narrative Update • Aug 18

CSX: Intermodal Strength And Capacity Gains Will Support Future Earnings Power

The analyst price target for CSX is raised by $2 to $60, reflecting analysts' emphasis on recent Q2 earnings strength, broad-based volume and pricing support, and updated estimates that point to slightly higher margins and a modestly higher future P/E of 29.2x in the valuation framework. Analyst Commentary Recent Street research skews constructive on CSX, with a series of higher price targets and rating upgrades clustering around the latest Q2 report.
GEV
US$956.85
GE Vernova
7D
-10.0%
1Y
57.6%
GE
US$348.37
General Electric
7D
-5.4%
1Y
30.7%
VRT
US$261.95
Vertiv Holdings Co
7D
-10.9%
1Y
107.9%
Narrative Update • Aug 13

VRT: AI Data Center Infrastructure Demand Will Drive Future Upside

Analysts now set a lower price target for Vertiv Holdings Co at $427, down from $461. This change reflects updated views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
LMT
US$563.57
Lockheed Martin
7D
-7.4%
1Y
26.3%
UNP
US$308.05
Union Pacific
7D
4.9%
1Y
35.2%
NSC
US$350.72
Norfolk Southern
7D
4.9%
1Y
23.2%
Narrative Update • Jul 30

NSC: Tighter Trucking Capacity And Merger Progress Will Shape Forward Appeal

Analysts have raised the Norfolk Southern fair value estimate from $341.72 to $363.72. This change reflects higher price targets across the Street that are grounded in recent earnings beats, firmer profit margins, and a supportive revenue backdrop.