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U.S. Industrials Sector Analysis

UpdatedSep 15, 2025
DataAggregated Company Financials
Companies1028
  • 7D0.6%
  • 3M7.8%
  • 1Y16.0%
  • YTD14.3%

The Industrials is pretty flat in the last 7 days, but GE Vernova has stood out, gaining 4.2%. As for the the longer term, the industry is up 16% over the past 12 months. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025US$6.2tUS$2.7tUS$208.3b24.9x29.9x2.3x
Thu, 14 Aug 2025US$6.2tUS$2.7tUS$209.8b24.9x29.7x2.3x
Sat, 12 Jul 2025US$6.1tUS$2.7tUS$205.4b24.3x29.7x2.3x
Mon, 09 Jun 2025US$5.9tUS$2.7tUS$205.2b22.7x28.5x2.2x
Wed, 07 May 2025US$5.4tUS$2.7tUS$203.5b21x26.7x2x
Fri, 04 Apr 2025US$5.4tUS$2.7tUS$203.3b20.1x26.6x2x
Sun, 02 Mar 2025US$5.6tUS$2.7tUS$204.1b21.8x27.3x2.1x
Tue, 28 Jan 2025US$5.9tUS$2.7tUS$197.1b24x30.1x2.2x
Thu, 26 Dec 2024US$5.6tUS$2.7tUS$197.9b23.6x28.4x2.1x
Sat, 23 Nov 2024US$6.0tUS$2.7tUS$197.3b24.5x30.2x2.2x
Mon, 21 Oct 2024US$5.8tUS$2.7tUS$180.3b24.4x32.3x2.1x
Wed, 18 Sep 2024US$5.5tUS$2.7tUS$180.0b22.6x30.3x2x
Fri, 16 Aug 2024US$5.2tUS$2.7tUS$179.8b21.9x29.1x1.9x
Sun, 14 Jul 2024US$5.3tUS$2.7tUS$169.7b22.4x31x2x
Tue, 11 Jun 2024US$5.2tUS$2.7tUS$170.1b21.7x30.4x1.9x
Thu, 09 May 2024US$5.3tUS$2.7tUS$171.4b23x30.8x1.9x
Sat, 06 Apr 2024US$5.2tUS$2.7tUS$173.6b23.6x30.1x2x
Mon, 04 Mar 2024US$5.1tUS$2.7tUS$172.2b23.4x29.9x1.9x
Wed, 31 Jan 2024US$5.0tUS$2.7tUS$178.4b21.6x27.8x1.8x
Fri, 29 Dec 2023US$5.0tUS$2.7tUS$183.1b21.6x27x1.8x
Sun, 26 Nov 2023US$4.6tUS$2.7tUS$182.2b19.5x25.1x1.7x
Tue, 24 Oct 2023US$4.3tUS$2.7tUS$192.8b17.2x22x1.6x
Thu, 21 Sep 2023US$4.5tUS$2.7tUS$189.4b18.2x23.6x1.6x
Sat, 19 Aug 2023US$4.5tUS$2.7tUS$187.8b18.5x24.2x1.7x
Mon, 17 Jul 2023US$4.6tUS$2.7tUS$186.5b18.3x24.9x1.7x
Wed, 14 Jun 2023US$4.5tUS$2.7tUS$182.8b18.4x24.5x1.7x
Fri, 12 May 2023US$4.2tUS$2.7tUS$184.3b17.3x22.8x1.6x
Sun, 09 Apr 2023US$4.2tUS$2.6tUS$166.2b18x25x1.6x
Tue, 07 Mar 2023US$4.2tUS$2.6tUS$162.6b19x25.7x1.6x
Thu, 02 Feb 2023US$4.2tUS$2.5tUS$161.6b19.4x25.9x1.6x
Sat, 31 Dec 2022US$4.0tUS$2.5tUS$153.2b17.5x26x1.6x
Mon, 28 Nov 2022US$4.1tUS$2.5tUS$153.8b18.1x26.7x1.6x
Wed, 26 Oct 2022US$3.8tUS$2.4tUS$150.8b16.9x24.9x1.5x
Fri, 23 Sep 2022US$3.6tUS$2.4tUS$146.5b15.8x24.4x1.5x
Price to Earnings Ratio

24.4x


Total Market Cap: US$3.6tTotal Earnings: US$146.5bTotal Revenue: US$2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 27.2x202320242025
Current Industry PE
  • Investors are relatively neutral on the American Industrials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 27.2x.
  • The 3-year average PS ratio of 1.9x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 4.1% 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 Market1.57%
Industrials0.63%
Electrical3.71%
Construction2.51%
Transportation2.01%
Aerospace & Defense1.92%
Infrastructure1.55%
Logistics1.20%
Professional Services0.29%
Machinery-0.034%
Industrials-0.20%
Commercial Services-0.20%
Marine and Shipping-0.91%
Airlines-0.92%
Building-2.88%
Trade Distributors-4.38%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 54.3x.
    • Analysts are expecting annual earnings growth of 21.1%, which is higher than its past year's earnings growth of 7.7% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 15.2x.
Forecasted Growth
  • Analysts are most optimistic on the Infrastructure industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 71% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings grow by 3.1% 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
GEV GE VernovaUS$625.554.2%
+US$6.9b		172.1%PE147.3x
ETN EatonUS$365.904.7%
+US$6.4b		19.4%PE36.3x
GE General ElectricUS$281.692.0%
+US$6.0b		55.3%PE39.4x
VRT Vertiv Holdings CoUS$134.8410.7%
+US$5.0b		55.0%PE63.4x
CAT CaterpillarUS$431.522.1%
+US$4.1b		24.0%PE21.4x

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VRT
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1Y
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ETN
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CAT
US$431.52
Caterpillar
7D
2.1%
1Y
24.0%
DE
US$470.51
Deere
7D
-2.3%
1Y
19.2%

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Analysts cite increased steel and aluminum tariffs as a margin headwind and lingering weak global ag demand, but also highlight Deere’s strong Q3 Small Ag performance, lower dealer inventories, and an expected cyclical earnings upturn in FY26, resulting in no change to the consensus price target at $534.61. Analyst Commentary Bearish analysts lowered price targets to reflect updated Section 232 tariffs, which significantly increase the cost of steel and aluminum content in imported products, posing a headwind to margins and earnings.
GE
US$281.69
General Electric
7D
2.0%
1Y
55.3%

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URI
US$938.00
United Rentals
7D
-3.3%
1Y
26.4%
GEV
US$625.55
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7D
4.2%
1Y
172.1%
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