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U.S. Industrials Sector Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies1054
  • 7D-0.3%
  • 3M16.3%
  • 1Y32.0%
  • YTD11.7%

The Industrials is pretty flat in the last 7 days, but GE Vernova has stood out, gaining 5.2%. As for the the longer term, the industry is up 32% 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
Mon, 02 Mar 2026US$7.5tUS$2.8tUS$210.9b26.3x35.5x2.6x
Wed, 28 Jan 2026US$7.0tUS$2.9tUS$211.3b26x33.3x2.5x
Fri, 26 Dec 2025US$6.5tUS$2.7tUS$210.3b24.8x31.1x2.4x
Sun, 23 Nov 2025US$6.1tUS$2.7tUS$209.8b23.7x29.2x2.2x
Tue, 21 Oct 2025US$6.4tUS$2.7tUS$209.8b25.5x30.5x2.4x
Thu, 18 Sep 2025US$6.2tUS$2.7tUS$208.5b24.8x30x2.3x
Sat, 16 Aug 2025US$6.2tUS$2.7tUS$209.5b24.5x29.5x2.3x
Mon, 14 Jul 2025US$6.1tUS$2.7tUS$206.3b24.4x29.6x2.3x
Wed, 11 Jun 2025US$5.9tUS$2.7tUS$205.2b22.9x28.6x2.2x
Fri, 09 May 2025US$5.4tUS$2.7tUS$206.1b21.7x26.3x2x
Sun, 06 Apr 2025US$4.8tUS$2.7tUS$203.3b19.1x23.7x1.8x
Tue, 04 Mar 2025US$5.6tUS$2.7tUS$204.1b21.1x27.3x2.1x
Thu, 30 Jan 2025US$5.8tUS$2.7tUS$195.8b24.3x29.5x2.2x
Sat, 28 Dec 2024US$5.6tUS$2.7tUS$197.9b23.7x28.5x2.1x
Mon, 25 Nov 2024US$6.0tUS$2.7tUS$197.3b24.5x30.6x2.2x
Wed, 23 Oct 2024US$5.8tUS$2.7tUS$188.7b23.7x30.7x2.1x
Fri, 20 Sep 2024US$5.5tUS$2.7tUS$179.8b22.6x30.5x2x
Sun, 18 Aug 2024US$5.3tUS$2.7tUS$178.7b22x29.6x2x
Tue, 16 Jul 2024US$5.3tUS$2.7tUS$169.7b22.5x31x2x
Thu, 13 Jun 2024US$5.1tUS$2.7tUS$170.1b21.4x30.2x1.9x
Sat, 11 May 2024US$5.3tUS$2.7tUS$172.2b23.4x30.9x2x
Mon, 08 Apr 2024US$5.3tUS$2.7tUS$173.1b23.4x30.8x2x
Wed, 06 Mar 2024US$5.2tUS$2.7tUS$172.3b23.2x30x1.9x
Fri, 02 Feb 2024US$5.0tUS$2.7tUS$178.9b21.5x27.8x1.8x
Sun, 31 Dec 2023US$4.9tUS$2.7tUS$183.1b21.5x27x1.8x
Tue, 28 Nov 2023US$4.6tUS$2.7tUS$182.2b19.3x25.1x1.7x
Thu, 26 Oct 2023US$4.2tUS$2.7tUS$184.9b16.8x22.9x1.6x
Sat, 23 Sep 2023US$4.4tUS$2.7tUS$189.6b17.9x23.1x1.6x
Mon, 21 Aug 2023US$4.5tUS$2.7tUS$178.8b18.5x25.4x1.7x
Wed, 19 Jul 2023US$4.7tUS$2.7tUS$186.5b18.6x25.3x1.8x
Fri, 16 Jun 2023US$4.5tUS$2.7tUS$182.7b18.3x24.4x1.7x
Sun, 14 May 2023US$4.2tUS$2.7tUS$184.3b17.3x22.8x1.6x
Tue, 11 Apr 2023US$4.2tUS$2.6tUS$166.5b18.4x25.2x1.6x
Thu, 09 Mar 2023US$4.1tUS$2.6tUS$162.4b19x25.5x1.6x
Price to Earnings Ratio

25.5x


Total Market Cap: US$4.1tTotal Earnings: US$162.4bTotal Revenue: US$2.6tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.2x202420252026
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 35.5x which is higher than its 3-year average PE of 28.2x.
  • 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 9.1% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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-0.57%
Industrials-0.32%
Commercial Services2.48%
Electrical2.01%
Professional Services1.74%
Marine and Shipping1.31%
Transportation0.19%
Aerospace & Defense0.048%
Industrials-0.52%
Building-1.18%
Logistics-1.57%
Construction-1.64%
Machinery-2.03%
Trade Distributors-2.21%
Infrastructure-2.61%
Airlines-4.58%
Industry PE
  • Investors are most optimistic about the Electrical industry, which is trading close to its 3-year average PE ratio of 62.8x.
    • Analysts are expecting annual earnings growth of 19.0%, 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 24% 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 decline by 2.7% 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$873.605.0%
+US$11.3b		176.5%PE48.2x
AXON Axon EnterpriseUS$542.4028.1%
+US$9.9b		3.2%PE349x
UBER Uber TechnologiesUS$75.426.6%
+US$9.7b		1.3%PE15.4x
ETN EatonUS$375.923.8%
+US$5.2b		35.0%PE35.7x
WM Waste ManagementUS$240.844.5%
+US$4.1b		3.0%PE35.9x

Latest News

WM
US$240.84
Waste Management
7D
4.5%
1Y
3.0%
DE
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Deere
7D
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1Y
35.2%
DAL
US$65.70
Delta Air Lines
7D
-5.4%
1Y
9.3%
EME
US$724.62
EMCOR Group
7D
-10.2%
1Y
83.1%
AXON
US$542.40
Axon Enterprise
7D
28.1%
1Y
3.2%
ETN
US$375.92
Eaton
7D
3.8%
1Y
35.0%
HEI
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HEICO
7D
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1Y
20.2%
VRT
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UBER
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Uber Technologies
7D
6.6%
1Y
1.3%

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VRSK
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Verisk Analytics
7D
14.3%
1Y
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ADP
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Automatic Data Processing
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4.2%
1Y
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GEV
US$873.60
GE Vernova
7D
5.0%
1Y
176.5%

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BA
US$227.53
Boeing
7D
-1.3%
1Y
33.8%
CAT
US$742.83
Caterpillar
7D
-1.8%
1Y
123.7%

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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.
UAL
US$106.30
United Airlines Holdings
7D
-6.0%
1Y
13.3%

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The updated analyst price target for United Airlines Holdings edges higher to about $139, with analysts pointing to a slightly lower discount rate and a modestly lower assumed future P/E multiple as they reassess the risk and valuation backdrop following a series of recent target hikes and a new 90 day catalyst watch. Analyst Commentary Recent research on United Airlines Holdings has been active, with several firms updating their price targets and reassessing assumptions around earnings power, valuation multiples, and near term catalysts.
URI
US$840.00
United Rentals
7D
-4.8%
1Y
36.0%

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Our updated analyst price target for United Rentals has been reduced by about $49 to $1,300. This reflects a wave of recent Street revisions as analysts factor in slightly softer revenue growth assumptions, a modestly higher discount rate, a lower future P/E, and a small improvement in expected profit margins.