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U.S. Industrials Sector Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies1063
  • 7D-3.2%
  • 3M4.0%
  • 1Y21.2%
  • YTD8.3%

In the last week, the Industrials industry is flat overall, with Caterpillar standing out by going down 7.6%. 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, 11 Jun 2026US$7.6tUS$2.9tUS$219.3b25.8x34.8x2.6x
Sat, 09 May 2026US$7.6tUS$2.9tUS$220.4b26.3x34.3x2.6x
Mon, 06 Apr 2026US$7.0tUS$2.8tUS$215.5b24.2x32.4x2.5x
Wed, 04 Mar 2026US$7.6tUS$2.9tUS$212.8b25.9x35.7x2.7x
Fri, 30 Jan 2026US$7.0tUS$2.9tUS$213.8b25.6x32.9x2.5x
Sun, 28 Dec 2025US$6.5tUS$2.7tUS$210.3b24.7x31x2.4x
Tue, 25 Nov 2025US$6.2tUS$2.7tUS$209.8b23.8x29.3x2.2x
Thu, 23 Oct 2025US$6.4tUS$2.7tUS$210.0b25.2x30.7x2.4x
Sat, 20 Sep 2025US$6.3tUS$2.7tUS$208.5b24.7x30.2x2.3x
Mon, 18 Aug 2025US$6.2tUS$2.7tUS$209.4b24.6x29.4x2.3x
Wed, 16 Jul 2025US$6.1tUS$2.7tUS$206.3b23.7x29.7x2.3x
Fri, 13 Jun 2025US$5.8tUS$2.7tUS$205.2b22.9x28.5x2.2x
Sun, 11 May 2025US$5.5tUS$2.7tUS$206.4b21.6x26.7x2.1x
Tue, 08 Apr 2025US$4.8tUS$2.7tUS$203.3b18.9x23.7x1.8x
Thu, 06 Mar 2025US$5.4tUS$2.7tUS$204.1b21.5x26.3x2x
Sat, 01 Feb 2025US$5.8tUS$2.7tUS$202.4b24.2x28.8x2.2x
Mon, 30 Dec 2024US$5.6tUS$2.7tUS$197.9b23.7x28.2x2.1x
Wed, 27 Nov 2024US$6.1tUS$2.7tUS$197.1b24.7x30.8x2.2x
Fri, 25 Oct 2024US$5.7tUS$2.7tUS$187.7b23.5x30.4x2.1x
Sun, 22 Sep 2024US$5.5tUS$2.7tUS$179.5b22.5x30.9x2.1x
Tue, 20 Aug 2024US$5.3tUS$2.7tUS$178.7b22.1x29.6x2x
Thu, 18 Jul 2024US$5.4tUS$2.7tUS$169.6b22.7x32.1x2x
Sat, 15 Jun 2024US$5.2tUS$2.7tUS$170.1b20.9x30.4x1.9x
Mon, 13 May 2024US$5.3tUS$2.7tUS$171.4b23.5x31.1x2x
Wed, 10 Apr 2024US$5.3tUS$2.7tUS$173.1b23.5x30.8x2x
Fri, 08 Mar 2024US$5.2tUS$2.7tUS$172.7b23.3x30.1x2x
Sun, 04 Feb 2024US$5.0tUS$2.7tUS$175.3b21.6x28.5x1.8x
Tue, 02 Jan 2024US$4.9tUS$2.7tUS$183.0b21.6x27x1.8x
Thu, 30 Nov 2023US$4.5tUS$2.7tUS$182.4b19.2x24.9x1.7x
Sat, 28 Oct 2023US$4.2tUS$2.7tUS$182.7b16.8x22.8x1.5x
Mon, 25 Sep 2023US$4.4tUS$2.7tUS$189.4b17.9x23.2x1.6x
Wed, 23 Aug 2023US$4.5tUS$2.7tUS$188.8b18.5x24x1.7x
Fri, 21 Jul 2023US$4.7tUS$2.7tUS$188.4b18.3x25x1.8x
Sun, 18 Jun 2023US$4.5tUS$2.7tUS$182.7b18.5x24.7x1.7x
Price to Earnings Ratio

24.7x


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 29x202420252026
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 34.5x 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 Market-4.05%
Industrials-3.24%
Commercial Services3.02%
Marine and Shipping0.25%
Aerospace & Defense-0.19%
Trade Distributors-0.20%
Transportation-0.24%
Professional Services-1.50%
Logistics-2.02%
Infrastructure-3.11%
Airlines-3.56%
Machinery-3.67%
Industrials-3.89%
Building-3.92%
Construction-8.77%
Electrical-10.97%
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 24.2%, 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 2.9% 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
RTX RTXUS$177.412.8%
+US$6.5b		25.1%PE32.9x
GE General ElectricUS$318.711.3%
+US$4.2b		29.8%PE38.8x
PH Parker-HannifinUS$875.602.9%
+US$3.1b		30.3%PE31.7x
LMT Lockheed MartinUS$525.022.5%
+US$3.0b		15.0%PE25.3x
UNP Union PacificUS$267.031.9%
+US$2.9b		18.3%PE22x

Latest News

VRT
US$280.98
Vertiv Holdings Co
7D
-15.2%
1Y
154.1%
BE
US$234.23
Bloom Energy
7D
-18.5%
1Y
939.6%
FDXF
US$175.35
FedEx Freight Holding Company
7D
15.4%
1Y
n/a
PWR
US$650.92
Quanta Services
7D
-9.0%
1Y
83.0%
LMT
US$525.02
Lockheed Martin
7D
2.5%
1Y
15.0%
UNP
US$267.03
Union Pacific
7D
1.9%
1Y
18.3%
HON
US$205.88
Honeywell International
7D
-7.8%
1Y
-8.8%
MMM
US$156.85
3M
7D
3.4%
1Y
6.6%
GEV
US$867.09
GE Vernova
7D
-9.6%
1Y
79.3%
PH
US$875.60
Parker-Hannifin
7D
2.9%
1Y
30.3%
Narrative Update • Jun 08

PH: Aerospace Acquisition And Dividend Streak Will Support Constructive Long Term View

Analysts have made a slight adjustment to their Parker Hannifin view, trimming the fair value estimate from $1,033.75 to $1,032.50 as small tweaks to discount rate, revenue growth, profit margin and future P/E assumptions offset each other. What's in the News Parker Hannifin agreed to acquire CIRCOR Aerospace from KKR for US$2.55b in cash, adding flight critical motion and flow control systems and related technologies for commercial and defense platforms (source: recent deal announcement).
DE
US$560.05
Deere
7D
-4.8%
1Y
7.5%
CAT
US$856.16
Caterpillar
7D
-7.6%
1Y
135.8%
Narrative Update • Jun 05

CAT: AI Power Projects And Tariff Relief Will Likely Cap Future Upside

Caterpillar's analyst price target has shifted from $575 to about $670 as analysts factor in Street research highlighting stronger demand expectations across power generation, construction, mining, and oil and gas, along with higher projected revenue growth, profit margins, and future P/E assumptions. Analyst Commentary Recent Street research on Caterpillar has leaned constructive on the demand outlook in power generation, construction, mining, and oil and gas, with several firms lifting price targets to reflect stronger earnings assumptions and higher P/E multiples.
RTX
US$177.41
RTX
7D
2.8%
1Y
25.1%
ETN
US$375.46
Eaton
7D
-10.9%
1Y
15.3%
RSG
US$212.59
Republic Services
7D
4.1%
1Y
-14.4%
Narrative Update • Jun 04

RSG: Electric Fleets And AI Recycling Investments Will Support Future Upside

Analysts have maintained their price target for Republic Services at $243.58, citing only minimal shifts in the discount rate, revenue growth expectations, profit margin assumptions, and future P/E estimates that do not materially change their overall valuation view. What's in the News Q1 2026 results: Republic Services reported revenue of US$4.11b, up 2.6% year over year, adjusted EPS of US$1.70 that was 3.8% above consensus, and adjusted EBITDA margin of 32.1%, a 50 basis point expansion, supported by pricing, cost management and fuel recovery fees, despite lower volumes, commodity pressure and severe weather impacts.
GE
US$318.71
General Electric
7D
1.3%
1Y
29.8%