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U.S. Industrials Sector Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies1064
  • 7D1.1%
  • 3M8.5%
  • 1Y26.8%
  • YTD12.1%

The Industrials industry is up 1.1% in the last week, with General Electric up 2.2%. Meanwhile, Rocket Lab actually underperformed within the industry, shrinking 7.0% in the last week. In the last 12 months, the industry was up 27%. 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
Sun, 14 Jun 2026US$7.6tUS$2.9tUS$219.2b26.5x34.8x2.6x
Tue, 12 May 2026US$7.6tUS$2.9tUS$220.3b25.5x34.3x2.6x
Thu, 09 Apr 2026US$7.0tUS$2.8tUS$214.1b25.4x32.6x2.5x
Sat, 07 Mar 2026US$7.3tUS$2.9tUS$213.0b25.3x34.3x2.6x
Mon, 02 Feb 2026US$7.1tUS$2.9tUS$214.1b25.9x33x2.5x
Wed, 31 Dec 2025US$6.5tUS$2.7tUS$210.3b24.5x30.8x2.4x
Fri, 28 Nov 2025US$6.3tUS$2.7tUS$209.8b24.4x30.2x2.3x
Sun, 26 Oct 2025US$6.5tUS$2.7tUS$210.4b25.9x30.9x2.4x
Tue, 23 Sep 2025US$6.3tUS$2.7tUS$208.5b24.7x30.3x2.3x
Thu, 21 Aug 2025US$6.2tUS$2.7tUS$209.2b24.6x29.6x2.3x
Sat, 19 Jul 2025US$6.2tUS$2.7tUS$206.6b23.8x29.9x2.3x
Mon, 16 Jun 2025US$5.8tUS$2.7tUS$205.1b22.3x28.2x2.1x
Wed, 14 May 2025US$5.7tUS$2.7tUS$206.2b22.5x27.6x2.1x
Fri, 11 Apr 2025US$5.2tUS$2.7tUS$203.5b19.6x25.4x1.9x
Sun, 09 Mar 2025US$5.5tUS$2.7tUS$204.0b21.8x26.8x2x
Tue, 04 Feb 2025US$5.8tUS$2.7tUS$201.9b23.7x28.7x2.2x
Thu, 02 Jan 2025US$5.5tUS$2.7tUS$197.9b23.5x27.9x2x
Sat, 30 Nov 2024US$6.1tUS$2.7tUS$197.1b25x30.8x2.2x
Mon, 28 Oct 2024US$5.7tUS$2.7tUS$188.5b23.4x30.1x2.1x
Wed, 25 Sep 2024US$5.6tUS$2.7tUS$179.7b22.9x31.1x2.1x
Fri, 23 Aug 2024US$5.3tUS$2.7tUS$179.3b22x29.8x2x
Sun, 21 Jul 2024US$5.3tUS$2.7tUS$169.9b22.4x31.1x2x
Tue, 18 Jun 2024US$5.1tUS$2.7tUS$170.1b21.2x30x1.9x
Thu, 16 May 2024US$5.3tUS$2.7tUS$171.4b23.4x31x2x
Sat, 13 Apr 2024US$5.3tUS$2.7tUS$173.8b22.8x30.4x2x
Mon, 11 Mar 2024US$5.2tUS$2.7tUS$172.6b23.1x30x2x
Wed, 07 Feb 2024US$4.9tUS$2.7tUS$174.8b21.6x28.1x1.9x
Fri, 05 Jan 2024US$4.8tUS$2.7tUS$182.9b20.9x26.3x1.8x
Sun, 03 Dec 2023US$4.7tUS$2.7tUS$182.5b19.9x25.7x1.7x
Tue, 31 Oct 2023US$4.2tUS$2.7tUS$183.4b17.1x23x1.5x
Thu, 28 Sep 2023US$4.4tUS$2.7tUS$189.4b18x23.2x1.6x
Sat, 26 Aug 2023US$4.6tUS$2.7tUS$189.3b18.7x24.1x1.7x
Mon, 24 Jul 2023US$4.7tUS$2.7tUS$188.2b18.1x24.9x1.7x
Wed, 21 Jun 2023US$4.5tUS$2.7tUS$182.7b18.3x24.6x1.7x
Price to Earnings Ratio

24.6x


Total Market Cap: US$4.5tTotal Earnings: US$182.7bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 29.1x202420252026
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 34.8x which is higher than its 3-year average PE of 29.0x.
  • 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 6.3% per year over the last three years.
  • Revenues for these companies have grown 2.9% 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 Market0.81%
Industrials1.13%
Airlines6.27%
Infrastructure3.80%
Marine and Shipping3.28%
Industrials2.89%
Aerospace & Defense1.83%
Logistics1.69%
Building1.59%
Machinery1.28%
Trade Distributors1.24%
Construction0.67%
Transportation0.53%
Electrical0.33%
Commercial Services0.034%
Professional Services-1.70%
Industry PE
  • Investors are most optimistic about the Construction industry which is trading above its 3-year average PE ratio of 37.8x.
    • Analysts are expecting annual earnings growth of 24.3%, which is lower than the prior year's growth of 33.2% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.7x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 33% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings grow by 2.7% 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
GE General ElectricUS$335.302.2%
+US$7.6b		41.7%PE40.8x
HWM Howmet AerospaceUS$264.675.1%
+US$5.1b		54.6%PE60.8x
HON Honeywell InternationalUS$220.313.0%
+US$4.0b		-1.8%PE35.2x
CRS Carpenter TechnologyUS$561.4916.1%
+US$3.9b		125.8%PE58.3x
LMT Lockheed MartinUS$540.333.2%
+US$3.8b		11.1%PE26x

Latest News

DE
US$577.48
Deere
7D
-1.0%
1Y
13.3%
CTAS
US$176.28
Cintas
7D
-2.0%
1Y
-20.6%
UAL
US$115.52
United Airlines Holdings
7D
9.3%
1Y
56.1%
RKLB
US$102.39
Rocket Lab
7D
-7.0%
1Y
303.0%
NXT
US$121.88
Nextpower
7D
-7.4%
1Y
100.8%
CRS
US$561.49
Carpenter Technology
7D
16.1%
1Y
125.8%
RTX
US$183.53
RTX
7D
1.4%
1Y
26.0%
AXON
US$441.73
Axon Enterprise
7D
-9.1%
1Y
-43.4%
ETN
US$391.39
Eaton
7D
-1.1%
1Y
20.9%
Narrative Update • Jun 12

ETN: AI Data Center And Thermal Demand Will Drive Future Upside

Analysts have raised Eaton's fair value estimate to $534.00 from $491.40, citing refreshed models that incorporate higher assumed revenue growth and a modestly higher future P/E multiple, despite slightly lower projected profit margins and an updated discount rate. Analyst Commentary Recent Street research has leaned constructive on Eaton, with several bullish analysts raising price targets and initiating coverage with positive views.
UBER
US$68.85
Uber Technologies
7D
-2.6%
1Y
-18.0%
GE
US$335.30
General Electric
7D
2.2%
1Y
41.7%
HON
US$220.31
Honeywell International
7D
3.0%
1Y
-1.8%
Seeking Alpha • Jun 11

Honeywell's Separation Mirrors A Proven Value-Creation Playbook, With Caveats

Summary Honeywell International will separate into Honeywell Technologies and Honeywell Aerospace on June 29, creating two focused standalone businesses. In this article, I'll uses the United Technologies spin-offs and merger with Raytheon as a case study, which confirms that large industrial breakups can indeed generate meaningful long-term shareholder value. I'll also discuss the pros and cons of buying HON stock before the record day for the separation, that is, before or on June 15. In the final part of the article, I'll explain why I'm not buying HON ahead of the spin-off of HONA, despite the undoubtably attractive elements of the investment thesis. Read the full article on Seeking Alpha
LMT
US$540.33
Lockheed Martin
7D
3.2%
1Y
11.1%
GD
US$360.22
General Dynamics
7D
4.0%
1Y
27.3%
HWM
US$264.67
Howmet Aerospace
7D
5.1%
1Y
54.6%
Narrative Update • Jun 07

HWM: Defense Aerospace Strength And Technology Footprint Will Support Premium Future P/E Profile

Analysts have nudged the average price target for Howmet Aerospace slightly higher to about $340, reflecting updated models that factor in modest tweaks to growth, profitability and valuation assumptions, alongside a series of recent target increases across the Street. Analyst Commentary Recent research on Howmet Aerospace points to a generally constructive tone, with multiple bullish analysts adjusting targets higher and framing the stock as a key way to gain exposure to aerospace trends.
ADP
US$226.21
Automatic Data Processing
7D
-2.5%
1Y
-26.3%
Narrative Update • Jun 06

ADP: Dividend Strength And AI Adoption Will Support Repriced Earnings Potential

Analysts have nudged the Automatic Data Processing fair value estimate slightly lower to about $246.33, reflecting updated assumptions for discount rate, revenue growth, margins, and a lower future P/E multiple after a recent mix of reduced price targets and at least one rating upgrade. This frames the current risk/reward as more balanced.