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U.S. Industrials Sector Analysis

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies1055
  • 7D0.06%
  • 3M15.0%
  • 1Y34.2%
  • YTD11.9%

Last week, the Industrials industry hasn't moved much but GE Vernova is up 5.0% in that time. As for the the longer term, the industry is up 34% over the past 12 months. Looking forward, earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Feb 2026US$7.5tUS$2.9tUS$208.4b26.8x35.8x2.6x
Sun, 25 Jan 2026US$6.8tUS$2.8tUS$209.5b25.9x32.7x2.5x
Tue, 23 Dec 2025US$6.4tUS$2.7tUS$210.3b24.8x30.6x2.3x
Thu, 20 Nov 2025US$6.1tUS$2.7tUS$210.5b23.4x29.2x2.2x
Sat, 18 Oct 2025US$6.3tUS$2.7tUS$209.8b25x30.2x2.3x
Mon, 15 Sep 2025US$6.2tUS$2.7tUS$208.3b24.9x29.9x2.3x
Wed, 13 Aug 2025US$6.2tUS$2.7tUS$209.7b24.5x29.3x2.3x
Fri, 11 Jul 2025US$6.1tUS$2.7tUS$205.4b24.3x29.7x2.3x
Sun, 08 Jun 2025US$5.9tUS$2.7tUS$205.2b22.7x28.5x2.2x
Tue, 06 May 2025US$5.5tUS$2.7tUS$203.5b21.3x26.8x2x
Thu, 03 Apr 2025US$5.3tUS$2.7tUS$203.0b21.2x26.3x2x
Sat, 01 Mar 2025US$5.5tUS$2.7tUS$204.1b21.8x26.9x2x
Mon, 27 Jan 2025US$5.9tUS$2.7tUS$197.0b24.6x30x2.2x
Wed, 25 Dec 2024US$5.6tUS$2.7tUS$197.8b23.5x28.4x2.1x
Fri, 22 Nov 2024US$5.9tUS$2.7tUS$198.6b24x29.6x2.2x
Sun, 20 Oct 2024US$5.8tUS$2.7tUS$180.3b24.4x32.3x2.1x
Tue, 17 Sep 2024US$5.4tUS$2.7tUS$180.0b22.4x30.1x2x
Thu, 15 Aug 2024US$5.2tUS$2.7tUS$179.7b21.6x29x1.9x
Sat, 13 Jul 2024US$5.2tUS$2.7tUS$169.7b22.4x30.7x1.9x
Mon, 10 Jun 2024US$5.1tUS$2.7tUS$170.1b21.7x30.1x1.9x
Wed, 08 May 2024US$5.3tUS$2.7tUS$171.6b22.9x30.7x1.9x
Fri, 05 Apr 2024US$5.3tUS$2.7tUS$173.6b23.6x30.4x2x
Sun, 03 Mar 2024US$5.1tUS$2.7tUS$172.5b23.2x29.8x1.9x
Tue, 30 Jan 2024US$4.9tUS$2.7tUS$179.8b21.5x27.3x1.8x
Thu, 28 Dec 2023US$5.0tUS$2.7tUS$183.1b21.6x27.1x1.8x
Sat, 25 Nov 2023US$4.6tUS$2.7tUS$182.2b19.5x25.1x1.7x
Mon, 23 Oct 2023US$4.3tUS$2.7tUS$192.8b17.4x22.2x1.6x
Wed, 20 Sep 2023US$4.5tUS$2.7tUS$189.4b18x23.7x1.7x
Fri, 18 Aug 2023US$4.6tUS$2.7tUS$188.1b18.5x24.4x1.7x
Sun, 16 Jul 2023US$4.6tUS$2.7tUS$186.6b18.3x24.9x1.7x
Tue, 13 Jun 2023US$4.4tUS$2.7tUS$182.8b18.3x24.2x1.7x
Thu, 11 May 2023US$4.2tUS$2.7tUS$184.1b17.3x23x1.6x
Sat, 08 Apr 2023US$4.2tUS$2.6tUS$166.2b18x25x1.6x
Mon, 06 Mar 2023US$4.2tUS$2.6tUS$162.6b19.3x25.8x1.6x
Price to Earnings Ratio

25.8x


Total Market Cap: US$4.2tTotal Earnings: US$162.6bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.1x202420252026
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 35.8x which is higher than its 3-year average PE of 28.1x.
  • 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 8.6% per year over the last three years.
  • Revenues for these companies have grown 3.7% 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 Market0.58%
Industrials0.061%
Airlines3.26%
Electrical2.78%
Marine and Shipping2.01%
Professional Services1.79%
Construction1.70%
Transportation1.11%
Industrials0.25%
Infrastructure0.21%
Commercial Services0.086%
Logistics-0.018%
Aerospace & Defense-0.74%
Building-1.13%
Machinery-1.36%
Trade Distributors-1.94%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 62.8x.
    • Analysts are expecting annual earnings growth of 19.6%, which is higher than its past year's earnings growth of 15.3% per year.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.0x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 25% 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$876.465.0%
+US$11.3b		168.6%PE48.4x
AXON Axon EnterpriseUS$550.1924.7%
+US$9.1b		4.7%PE354x
GE General ElectricUS$340.841.8%
+US$6.4b		69.2%PE41.6x
VRT Vertiv Holdings CoUS$259.236.7%
+US$6.2b		180.5%PE74.4x
UBER Uber TechnologiesUS$74.802.6%
+US$3.8b		0.8%PE15.3x

Latest News

EME
US$746.18
EMCOR Group
7D
-7.1%
1Y
85.3%
AXON
US$550.19
Axon Enterprise
7D
24.7%
1Y
4.7%
HEI
US$312.98
HEICO
7D
-9.5%
1Y
20.8%
VRT
US$259.23
Vertiv Holdings Co
7D
6.7%
1Y
180.5%

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UBER
US$74.80
Uber Technologies
7D
2.6%
1Y
0.8%

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DE
US$619.46
Deere
7D
-6.4%
1Y
28.9%
LMT
US$641.63
Lockheed Martin
7D
-3.7%
1Y
43.7%
BE
US$168.57
Bloom Energy
7D
6.0%
1Y
631.6%
VRSK
US$202.64
Verisk Analytics
7D
10.2%
1Y
-30.2%

VRSK: AI Risk Partnerships And Buybacks Will Drive Future Reassessment

Analysts have trimmed their price targets on Verisk Analytics, aligning our fair value estimate down from $248.50 to about $221 as they factor in slightly softer revenue growth assumptions, modestly lower profit margins, and reduced future P/E expectations following recent Q4 results and a more cautious near term outlook. Analyst Commentary Street research has converged around lower price targets for Verisk Analytics, with most recent updates landing in a relatively tight band around the low US$200s.
RTX
US$197.63
RTX
7D
-3.8%
1Y
51.4%

RTX: Fair Value View Weighs Aerospace Demand Against Defense Policy Constraints

Analysts have nudged their RTX fair value estimate higher to $216.92 from $214.54, reflecting updated targets across major firms that highlight slightly stronger revenue growth assumptions, a modestly adjusted discount rate, and a similar forward P/E outlook despite a small trim to profit margin expectations. Analyst Commentary Recent research updates cluster around a series of higher price targets for RTX, which helps explain the modest lift in the consolidated fair value estimate.
NOC
US$710.90
Northrop Grumman
7D
-3.5%
1Y
54.6%

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GEV
US$876.46
GE Vernova
7D
5.0%
1Y
168.6%

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BA
US$229.41
Boeing
7D
-1.8%
1Y
32.0%
HWM
US$260.31
Howmet Aerospace
7D
3.6%
1Y
95.1%
CAT
US$752.93
Caterpillar
7D
-1.0%
1Y
121.5%

CAT: Data Center Power Demand Will Drive Future Multiple Repricing

Caterpillar's analyst price target has been raised from $790 to $850. Analysts cited updated assumptions for faster revenue growth, a slightly lower discount rate, and a higher future P/E multiple, partly offset by more moderate profit margin expectations.
GE
US$340.84
General Electric
7D
1.8%
1Y
69.2%

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Analysts have lifted their implied fair value estimate for General Electric to about $301 from roughly $198, citing updated assumptions for revenue growth, profit margins and future P/E, along with a slightly higher discount rate. Analyst Commentary Recent Street research on General Electric has been active, with several firms adjusting their price targets on GE Aerospace.