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U.S. Industrials Sector Analysis

UpdatedJul 02, 2026
DataAggregated Company Financials
Companies1065
  • 7D0.4%
  • 3M11.2%
  • 1Y25.3%
  • YTD15.5%

Last week, the Industrials industry hasn't moved much but GE Vernova is up 7.3% in that time. As for the the longer term, the industry is up 25% over the past 12 months. Earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 Jul 2026US$8.0tUS$2.9tUS$219.8b26.1x36.2x2.7x
Sat, 30 May 2026US$7.7tUS$2.9tUS$218.8b26x35x2.7x
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
Price to Earnings Ratio

24.4x


Total Market Cap: US$4.5tTotal Earnings: US$185.6bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 29.2x202420252026
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 36.2x which is higher than its 3-year average PE of 29.2x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.7x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 5.8% 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 Market1.64%
Industrials0.39%
Professional Services4.58%
Aerospace & Defense3.56%
Transportation3.25%
Logistics2.39%
Airlines1.80%
Electrical0.75%
Machinery0.67%
Commercial Services0.51%
Building-0.21%
Trade Distributors-0.51%
Marine and Shipping-1.56%
Infrastructure-1.62%
Construction-3.32%
Industrials-32.65%
Industry PE
  • Investors are most optimistic about the Construction industry which is trading above its 3-year average PE ratio of 38.2x.
    • Analysts are expecting annual earnings growth of 24.6%, 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 16.9x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 25% 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 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$1.13k7.3%
+US$20.6b		124.6%PE32.5x
AXON Axon EnterpriseUS$593.9630.0%
+US$11.1b		-23.3%PE232.4x
UNP Union PacificUS$277.736.8%
+US$10.6b		17.1%PE22.9x
GE General ElectricUS$374.942.5%
+US$9.5b		53.2%PE45.7x
RTX RTXUS$191.783.6%
+US$9.0b		32.7%PE35.6x

Latest News

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BE
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AXON
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HON
US$221.75
Honeywell International
7D
-51.2%
1Y
-53.7%
GEV
US$1,134.35
GE Vernova
7D
7.3%
1Y
124.6%
DE
US$627.63
Deere
7D
4.5%
1Y
20.6%
Narrative Update • Jul 01

DE: Tariff Relief And AI Efficiency Gains Will Support Future Upside

Analysts have trimmed their fair value estimate for Deere to $759 from $793 as they factor in more moderate revenue growth assumptions, even as Street research highlights potential tariff relief and a mixed pattern of price target revisions across the sector. Analyst Commentary Street research on Deere is mixed, but there is a clear camp of bullish analysts highlighting tariff relief, execution on recent quarters, and the potential for a more constructive backdrop in North American agriculture and construction equipment over the next several years.
GE
US$374.94
General Electric
7D
2.5%
1Y
53.2%
Narrative Update • Jun 30

GE: Services Backlog And Defense Contracts Will Drive Returns Over Time

Analysts have modestly raised their General Electric fair value estimate from $405.00 to about $424.91, reflecting updated assumptions that include steady service growth expectations at GE Aerospace and a slightly higher projected profit margin profile. Analyst Commentary Recent Street research on General Electric highlights a mix of confidence in GE Aerospace's services engine and some recalibration of expectations, especially around longer term aftermarket trends.
FPS
US$49.90
Forgent Power Solutions
7D
-17.0%
1Y
n/a
UNP
US$277.73
Union Pacific
7D
6.8%
1Y
17.1%