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U.S. Industrials Sector Analysis

UpdatedSep 13, 2025
DataAggregated Company Financials
Companies1034
  • 7D0.5%
  • 3M7.9%
  • 1Y16.5%
  • YTD14.2%

Over the last 7 days, the Industrials industry has remained flat, although notably GE Vernova gained 7.5%. The past year has been better, since the industry has gained 17% in that time. 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
Sun, 14 Sep 2025US$6.3tUS$2.7tUS$208.3b24.9x30.2x2.3x
Tue, 12 Aug 2025US$6.2tUS$2.7tUS$209.1b23.9x29.4x2.3x
Thu, 10 Jul 2025US$6.1tUS$2.7tUS$205.3b24.4x29.5x2.3x
Sat, 07 Jun 2025US$5.8tUS$2.7tUS$205.2b22.7x28.3x2.2x
Mon, 05 May 2025US$5.4tUS$2.7tUS$204.8b21.3x26.6x2x
Wed, 02 Apr 2025US$5.3tUS$2.7tUS$203.8b21.2x26x2x
Fri, 28 Feb 2025US$5.5tUS$2.7tUS$206.9b22x26.7x2.1x
Sun, 26 Jan 2025US$5.9tUS$2.7tUS$197.0b24.6x30x2.2x
Tue, 24 Dec 2024US$5.6tUS$2.7tUS$197.8b23.3x28.2x2.1x
Thu, 21 Nov 2024US$5.9tUS$2.7tUS$195.3b23.8x30.1x2.2x
Sat, 19 Oct 2024US$5.8tUS$2.7tUS$180.3b24.4x32.2x2.1x
Mon, 16 Sep 2024US$5.4tUS$2.7tUS$179.9b22.1x30.1x2x
Wed, 14 Aug 2024US$5.1tUS$2.7tUS$179.6b21.7x28.7x1.9x
Fri, 12 Jul 2024US$5.1tUS$2.7tUS$170.2b21.9x30.1x1.9x
Sun, 09 Jun 2024US$5.1tUS$2.7tUS$170.1b21.7x30.2x1.9x
Tue, 07 May 2024US$5.3tUS$2.7tUS$171.7b23x30.7x1.9x
Thu, 04 Apr 2024US$5.3tUS$2.7tUS$173.6b23.7x30.4x2x
Sat, 02 Mar 2024US$5.1tUS$2.7tUS$172.4b23.3x29.7x1.9x
Mon, 29 Jan 2024US$4.9tUS$2.7tUS$179.8b21.3x27.3x1.8x
Wed, 27 Dec 2023US$4.9tUS$2.7tUS$182.9b21.7x26.8x1.8x
Fri, 24 Nov 2023US$4.5tUS$2.7tUS$182.2b19.5x24.9x1.7x
Sun, 22 Oct 2023US$4.3tUS$2.7tUS$192.8b17.4x22.2x1.6x
Tue, 19 Sep 2023US$4.5tUS$2.7tUS$189.4b18.1x23.8x1.7x
Thu, 17 Aug 2023US$4.6tUS$2.7tUS$188.0b18.6x24.4x1.7x
Sat, 15 Jul 2023US$4.6tUS$2.7tUS$186.6b18.3x24.9x1.7x
Mon, 12 Jun 2023US$4.4tUS$2.7tUS$182.8b18.4x24x1.6x
Wed, 10 May 2023US$4.2tUS$2.7tUS$184.9b17.3x22.9x1.6x
Fri, 07 Apr 2023US$4.2tUS$2.6tUS$166.2b18x25x1.6x
Sun, 05 Mar 2023US$4.2tUS$2.6tUS$162.6b19.2x25.8x1.6x
Tue, 31 Jan 2023US$4.1tUS$2.5tUS$161.6b18.4x25.2x1.6x
Thu, 29 Dec 2022US$3.9tUS$2.5tUS$153.4b17.1x25.5x1.6x
Sat, 26 Nov 2022US$4.1tUS$2.5tUS$153.8b18.1x26.7x1.6x
Mon, 24 Oct 2022US$3.6tUS$2.4tUS$148.6b16.6x24.5x1.5x
Wed, 21 Sep 2022US$3.7tUS$2.4tUS$146.4b16.1x25.2x1.5x
Price to Earnings Ratio

25.2x


Total Market Cap: US$3.7tTotal Earnings: US$146.4bTotal 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 Market1.69%
Industrials0.50%
Electrical4.32%
Construction2.72%
Transportation1.51%
Aerospace & Defense1.30%
Logistics0.67%
Professional Services0.47%
Machinery-0.036%
Industrials-0.28%
Commercial Services-0.50%
Airlines-0.53%
Marine and Shipping-0.58%
Building-2.72%
Trade Distributors-4.47%
Infrastructure-7.53%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 54.2x.
    • Analysts are expecting annual earnings growth of 21.0%, 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$625.557.5%
+US$11.8b		177.3%PE147.3x
UBER Uber TechnologiesUS$95.895.4%
+US$10.2b		32.3%PE15.8x
ETN EatonUS$365.904.8%
+US$6.6b		19.7%PE36.3x
VRT Vertiv Holdings CoUS$134.848.7%
+US$4.1b		57.2%PE63.4x
CAT CaterpillarUS$431.522.0%
+US$4.0b		25.0%PE21.4x

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Carrier Global
7D
-5.9%
1Y
-19.4%

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Carrier Global’s price target was revised down to $81.13 as analysts factor in a softer U.S. residential HVAC outlook and near-term sales headwinds, despite continued strength in commercial and aftermarket segments. Analyst Commentary Lowered U.S. residential HVAC outlook and weaker residential volumes are pressuring near-term sales and earnings forecasts, leading to price target reductions.
RTX
US$155.85
RTX
7D
-1.1%
1Y
30.8%

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CNM
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Core & Main
7D
-27.3%
1Y
19.2%

New Locations And Acquisitions Will Extend Geographic Reach

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BA
US$215.94
Boeing
7D
-6.0%
1Y
37.7%

Robust Air Travel Demand Will Drive Global Expansion

Boeing's modestly higher consensus price target reflects a slight increase in its future P/E ratio, with fair value adjusted upward to $252.57. What's in the News Boeing and the Royal Australian Air Force completed early demonstrations of the MQ-28 Ghost Bat Collaborative Combat Aircraft, validating autonomous multi-ship, teaming, and data fusion capabilities, with results to be incorporated into Block 2 production.
FERG
US$211.61
Ferguson Enterprises
7D
-11.2%
1Y
9.6%

HVAC And Waterworks Expansions Will Fuel Future Market Success

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VRT
US$134.84
Vertiv Holdings Co
7D
8.7%
1Y
57.2%
ETN
US$365.90
Eaton
7D
4.8%
1Y
19.7%
TT
US$400.77
Trane Technologies
7D
-3.2%
1Y
10.0%

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UNP
US$214.91
Union Pacific
7D
-2.5%
1Y
-13.7%
CAT
US$431.52
Caterpillar
7D
2.0%
1Y
25.0%
RKLB
US$53.34
Rocket Lab
7D
16.4%
1Y
615.0%

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URI
US$938.00
United Rentals
7D
-3.8%
1Y
28.6%
GEV
US$625.55
GE Vernova
7D
7.5%
1Y
177.3%
UBER
US$95.89
Uber Technologies
7D
5.4%
1Y
32.3%
HWM
US$185.77
Howmet Aerospace
7D
4.2%
1Y
95.0%
GRAB
US$6.00
Grab Holdings
7D
16.3%
1Y
72.9%

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