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U.S. Industrials Sector Analysis

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies1051
  • 7D-0.5%
  • 3M5.0%
  • 1Y38.0%
  • YTD10.1%

Over the last 7 days, the Industrials industry has remained flat, although notably GE Vernova gained 15%. As for the the longer term, the industry is up 38% over the past 12 months. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Apr 2026US$7.5tUS$2.8tUS$220.0b25.7x33.9x2.6x
Wed, 25 Mar 2026US$7.0tUS$2.9tUS$212.5b24.4x32.7x2.4x
Fri, 20 Feb 2026US$7.4tUS$2.8tUS$208.6b26.9x35.7x2.6x
Sun, 18 Jan 2026US$7.0tUS$2.7tUS$209.3b26.1x33.2x2.5x
Tue, 16 Dec 2025US$6.5tUS$2.7tUS$209.6b25x30.9x2.4x
Thu, 13 Nov 2025US$6.4tUS$2.7tUS$211.1b24.5x30.3x2.3x
Sat, 11 Oct 2025US$6.4tUS$2.7tUS$210.1b24.1x30.4x2.4x
Mon, 08 Sep 2025US$6.2tUS$2.7tUS$208.3b25x29.7x2.3x
Wed, 06 Aug 2025US$6.2tUS$2.7tUS$208.8b24.1x29.6x2.3x
Fri, 04 Jul 2025US$6.1tUS$2.7tUS$205.2b24.3x29.6x2.3x
Sun, 01 Jun 2025US$5.7tUS$2.7tUS$206.2b22.4x27.8x2.1x
Tue, 29 Apr 2025US$5.2tUS$2.7tUS$204.6b20.7x25.6x1.9x
Thu, 27 Mar 2025US$5.5tUS$2.7tUS$203.3b21.3x26.9x2x
Sat, 22 Feb 2025US$5.6tUS$2.7tUS$209.4b22.3x26.6x2.1x
Mon, 20 Jan 2025US$5.8tUS$2.7tUS$196.4b24.6x29.5x2.1x
Wed, 18 Dec 2024US$5.8tUS$2.7tUS$198.0b24.1x29.2x2.1x
Fri, 15 Nov 2024US$6.0tUS$2.7tUS$194.6b24.3x30.8x2.2x
Sun, 13 Oct 2024US$5.8tUS$2.7tUS$180.3b23.9x32.1x2.1x
Tue, 10 Sep 2024US$5.3tUS$2.7tUS$179.8b21.2x29.3x2x
Thu, 08 Aug 2024US$5.1tUS$2.7tUS$180.3b20.8x28.3x1.9x
Sat, 06 Jul 2024US$5.1tUS$2.7tUS$170.2b21.2x30.1x1.9x
Mon, 03 Jun 2024US$5.2tUS$2.7tUS$169.9b22.7x30.8x1.9x
Wed, 01 May 2024US$5.1tUS$2.7tUS$169.6b22.1x30.3x1.9x
Fri, 29 Mar 2024US$5.4tUS$2.6tUS$172.6b23.8x31x2x
Sun, 25 Feb 2024US$5.1tUS$2.7tUS$174.3b23.2x29.2x1.9x
Tue, 23 Jan 2024US$4.9tUS$2.7tUS$184.2b21.1x26.7x1.8x
Thu, 21 Dec 2023US$4.9tUS$2.7tUS$182.7b21.1x26.8x1.8x
Sat, 18 Nov 2023US$4.5tUS$2.7tUS$181.9b19.3x24.8x1.7x
Mon, 16 Oct 2023US$4.4tUS$2.7tUS$192.6b17.8x22.8x1.6x
Wed, 13 Sep 2023US$4.5tUS$2.7tUS$189.4b18.3x24x1.7x
Fri, 11 Aug 2023US$4.7tUS$2.7tUS$189.1b18.9x24.7x1.7x
Sun, 09 Jul 2023US$4.5tUS$2.7tUS$185.6b17.9x24.4x1.7x
Tue, 06 Jun 2023US$4.3tUS$2.7tUS$183.0b17.3x23.5x1.6x
Thu, 04 May 2023US$4.2tUS$2.7tUS$186.2b17.7x22.7x1.6x
Price to Earnings Ratio

22.7x


Total Market Cap: US$4.2tTotal Earnings: US$186.2bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.6x202420252026
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 33.9x which is higher than its 3-year average PE of 28.6x.
  • The 3-year average PS ratio of 2.0x 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 5.4% per year over the last three years.
  • Revenues for these companies have grown 2.2% 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 Market0.39%
Industrials-0.51%
Electrical6.56%
Construction4.68%
Trade Distributors2.28%
Transportation2.12%
Building1.44%
Commercial Services0.80%
Machinery0.72%
Logistics-0.073%
Marine and Shipping-0.35%
Professional Services-3.85%
Infrastructure-4.57%
Airlines-7.16%
Aerospace & Defense-7.21%
Industrials-7.33%
Industry PE
  • Investors are most optimistic about the Construction industry which is trading above its 3-year average PE ratio of 36.8x.
    • Analysts are expecting annual earnings growth of 21.7%, which is lower than the prior year's growth of 26.5% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.4x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Marine and Shipping industry is expected to see its earnings growth to stay flat 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$1.15k14.6%
+US$39.2b		208.6%PE32.9x
CAT CaterpillarUS$830.794.5%
+US$16.8b		171.1%PE43.5x
URI United RentalsUS$974.4122.4%
+US$11.0b		53.8%PE24.3x
UNP Union PacificUS$268.707.0%
+US$10.4b		26.0%PE22.1x
BA BoeingUS$232.444.1%
+US$7.7b		30.6%PE95.3x

Latest News

CAT
US$830.79
Caterpillar
7D
4.5%
1Y
171.1%

Caterpillar: The 43x P/E Data Center Trap

Apr 26
URI
US$974.41
United Rentals
7D
22.4%
1Y
53.8%
GEV
US$1,149.19
GE Vernova
7D
14.6%
1Y
208.6%

GE Vernova's earnings will soar to $4.2 billion by 2030

With their updated backlog and orders building daily. I believe GEV has a big run ahead.
UNP
US$268.70
Union Pacific
7D
7.0%
1Y
26.0%

UNP: Merger Synergies And Rail Asset Durability Will Guide Future Returns

Union Pacific's analyst fair value estimate has been updated from $272.33 to $287.74 as analysts factor in expectations for higher projected revenue growth, slightly stronger profit margins, and a modestly lower future P/E multiple, supported by a broad wave of recent Street price target increases across major banks. Analyst Commentary Recent research shows a clear tilt toward higher price targets for Union Pacific, with several large firms adjusting their models around revenue, margins, and the Norfolk Southern transaction.
LMT
US$513.45
Lockheed Martin
7D
-13.3%
1Y
7.5%
HON
US$213.17
Honeywell International
7D
-8.7%
1Y
7.0%
ETN
US$423.92
Eaton
7D
4.4%
1Y
46.8%
TDG
US$1,148.18
TransDigm Group
7D
-9.3%
1Y
-16.7%

TransDigm: Commercial Exposure Drives Sell-Off, But Valuation Now Attractive

Apr 24
VRT
US$323.46
Vertiv Holdings Co
7D
5.2%
1Y
272.0%

Vertiv: Mounting Worries Of Peak Growth And Peak Valuation

Apr 23
NOC
US$575.11
Northrop Grumman
7D
-13.6%
1Y
21.5%

Northrop Grumman: The Nuclear Triad Winner Is Now A Strong Buy

Apr 23
CAR
US$204.00
Avis Budget Group
7D
-58.7%
1Y
117.5%
BA
US$232.44
Boeing
7D
4.1%
1Y
30.6%
RTX
US$174.26
RTX
7D
-11.3%
1Y
39.2%

RTX Corporation: Flying High Operationally, Grounded Temporarily By Expectations

Apr 22
GE
US$284.60
General Electric
7D
-6.4%
1Y
43.4%

GE Aerospace: One Of My Highest Conviction Long-Term Compounders

Apr 21
DE
US$562.64
Deere
7D
-4.7%
1Y
22.5%

DE: Construction Momentum And Pending Large Ag Recovery Will Support Future Earnings

The analyst fair value estimate for Deere has increased by about $1 to $665, reflecting modest adjustments to growth, profit and P/E assumptions as analysts weigh recent price target increases against mixed views on valuation and the timing of an agriculture recovery. Analyst Commentary Recent research on Deere is divided, with many firms lifting price targets and talking up execution, while others focus on valuation risk and the timing of an agriculture recovery.
BE
US$231.17
Bloom Energy
7D
11.2%
1Y
1,121.2%