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U.S. Industrials Sector Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies1043
  • 7D-0.5%
  • 3M3.2%
  • 1Y42.5%
  • YTD9.6%

Last week, the Industrials industry hasn't moved much but Avis Budget Group is up 73% in that time. The past year has been better, since the industry has gained 43% in that time. 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
Thu, 23 Apr 2026US$7.5tUS$2.8tUS$214.9b25.8x34.9x2.6x
Sat, 21 Mar 2026US$7.0tUS$2.9tUS$212.6b23.4x32.8x2.4x
Mon, 16 Feb 2026US$7.4tUS$2.8tUS$212.1b27.2x34.9x2.6x
Wed, 14 Jan 2026US$6.8tUS$2.7tUS$209.3b25.8x32.5x2.5x
Fri, 12 Dec 2025US$6.5tUS$2.7tUS$209.6b25.4x30.9x2.4x
Sun, 09 Nov 2025US$6.4tUS$2.7tUS$211.1b24.3x30.1x2.3x
Tue, 07 Oct 2025US$6.4tUS$2.7tUS$209.3b25x30.7x2.4x
Thu, 04 Sep 2025US$6.2tUS$2.7tUS$209.7b24.7x29.4x2.3x
Sat, 02 Aug 2025US$6.2tUS$2.7tUS$208.0b23.8x29.8x2.3x
Mon, 30 Jun 2025US$6.0tUS$2.7tUS$205.4b23.5x29x2.2x
Wed, 28 May 2025US$5.7tUS$2.7tUS$206.3b22.8x27.5x2.1x
Fri, 25 Apr 2025US$5.1tUS$2.7tUS$204.5b20.8x25x1.9x
Sun, 23 Mar 2025US$5.4tUS$2.7tUS$203.4b21.2x26.3x2x
Tue, 18 Feb 2025US$5.7tUS$2.7tUS$206.3b23.5x27.8x2.1x
Thu, 16 Jan 2025US$5.7tUS$2.7tUS$196.4b24.4x28.8x2.1x
Sat, 14 Dec 2024US$5.8tUS$2.7tUS$198.4b24.2x29.3x2.1x
Mon, 11 Nov 2024US$6.0tUS$2.7tUS$193.9b25x30.9x2.2x
Wed, 09 Oct 2024US$5.7tUS$2.7tUS$179.9b23x31.4x2.1x
Fri, 06 Sep 2024US$5.3tUS$2.7tUS$179.9b21.3x29.6x2x
Sun, 04 Aug 2024US$5.1tUS$2.7tUS$179.7b21.8x28.6x1.9x
Tue, 02 Jul 2024US$5.1tUS$2.7tUS$170.6b21x30.1x1.9x
Thu, 30 May 2024US$5.2tUS$2.7tUS$170.0b22.5x30.7x1.9x
Sat, 27 Apr 2024US$5.2tUS$2.7tUS$169.3b22.6x30.7x1.9x
Mon, 25 Mar 2024US$5.3tUS$2.7tUS$172.7b23.2x30.8x2x
Wed, 21 Feb 2024US$5.0tUS$2.7tUS$174.2b23x28.6x1.9x
Fri, 19 Jan 2024US$4.8tUS$2.7tUS$184.2b20.6x26.3x1.8x
Sun, 17 Dec 2023US$4.9tUS$2.7tUS$182.7b21.2x26.6x1.8x
Tue, 14 Nov 2023US$4.4tUS$2.7tUS$185.1b18.2x23.8x1.6x
Thu, 12 Oct 2023US$4.3tUS$2.7tUS$183.8b18.2x23.7x1.6x
Sat, 09 Sep 2023US$4.6tUS$2.7tUS$189.3b18.3x24x1.7x
Mon, 07 Aug 2023US$4.7tUS$2.7tUS$190.4b19.1x24.6x1.7x
Wed, 05 Jul 2023US$4.6tUS$2.7tUS$185.6b18.3x24.7x1.7x
Fri, 02 Jun 2023US$4.2tUS$2.7tUS$183.1b16.8x22.8x1.6x
Sun, 30 Apr 2023US$4.2tUS$2.7tUS$174.6b17.7x24.3x1.6x
Price to Earnings Ratio

24.3x


Total Market Cap: US$4.2tTotal Earnings: US$174.6bTotal Revenue: US$2.7tTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Industrials Sector Price to Earnings3Y Average 28.5x202420252026
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 34.9x which is higher than its 3-year average PE of 28.5x.
  • 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 7.2% per year over the last three years.
  • Revenues for these companies have grown 2.1% 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 Market1.31%
Industrials-0.53%
Logistics4.88%
Transportation3.66%
Professional Services3.47%
Construction2.25%
Trade Distributors1.68%
Electrical1.06%
Machinery-0.14%
Commercial Services-0.80%
Marine and Shipping-0.84%
Building-0.89%
Airlines-1.03%
Industrials-3.83%
Infrastructure-4.32%
Aerospace & Defense-5.31%
Industry PE
  • Investors are most optimistic about the Electrical industry, which is trading close to its 3-year average PE ratio of 63.8x.
    • Analysts expect its future annual earnings growth (20.2%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Marine and Shipping industry, which is trading below its 3-year average of 16.3x.
Forecasted Growth
  • Analysts are most optimistic on the Construction industry, expecting annual earnings growth of 22% 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
CAR Avis Budget GroupUS$713.9773.5%
+US$10.7b		741.1%PS2.2x
UBER Uber TechnologiesUS$77.266.0%
+US$8.9b		3.8%PE15.7x
RKLB Rocket LabUS$86.6420.0%
+US$8.3b		355.0%PS83.2x
FDX FedExUS$394.596.6%
+US$5.8b		91.0%PE21x
CMI CumminsUS$638.993.8%
+US$3.2b		128.9%PE31.1x

Latest News

UBER
US$77.26
Uber Technologies
7D
6.0%
1Y
3.8%
CMI
US$638.99
Cummins
7D
3.8%
1Y
128.9%

Cummins: A Return To Growth Solidifies The Bull Case

Apr 22
RTX
US$187.17
RTX
7D
-7.7%
1Y
64.5%

RTX Corporation: Flying High Operationally, Grounded Temporarily By Expectations

Apr 22
NOC
US$611.13
Northrop Grumman
7D
-10.1%
1Y
31.7%
HON
US$222.22
Honeywell International
7D
-4.7%
1Y
12.0%
CAR
US$713.97
Avis Budget Group
7D
73.5%
1Y
741.1%
ETN
US$409.70
Eaton
7D
1.9%
1Y
53.5%
ODFL
US$224.42
Old Dominion Freight Line
7D
6.7%
1Y
47.6%
GE
US$286.73
General Electric
7D
-9.8%
1Y
51.6%

GE Aerospace: One Of My Highest Conviction Long-Term Compounders

Apr 21
LMT
US$571.95
Lockheed Martin
7D
-6.5%
1Y
23.8%
TDG
US$1,205.67
TransDigm Group
7D
-7.0%
1Y
-7.8%
FDX
US$394.59
FedEx
7D
6.6%
1Y
91.0%
RKLB
US$86.64
Rocket Lab
7D
20.0%
1Y
355.0%

Rocket Lab USA, Inc. (RKLB): The "End-to-End" Space Sovereign and the Neutron Inflection

Rocket Lab USA, Inc. (RKLB) , the most consistent challenger to the SpaceX orbital monopoly, reached a critical high-water mark on Friday, April 17, 2026.
ADP
US$202.87
Automatic Data Processing
7D
4.0%
1Y
-30.7%

Automatic Data Processing Might Be Cheap For A Reason

Apr 17
HWM
US$247.72
Howmet Aerospace
7D
-4.0%
1Y
99.3%

HWM: Aerospace And Turbine Demand Will Support Premium Future P/E Multiple

The analyst price target for Howmet Aerospace remains at $315. Recent research ties this level to views that the company can support a premium future P/E multiple, slightly higher revenue growth assumptions, and continued strength across aerospace and gas turbine markets, even as some firms have adjusted individual targets up or down following the latest Q4 beat and 2026 outlook.
GD
US$325.52
General Dynamics
7D
-4.2%
1Y
18.5%

GD: Sector Momentum And 2026 Defense Budget Outlook Will Drive Returns

Analysts have trimmed the General Dynamics price target by about $1 to $393.93. This reflects slightly adjusted assumptions for discount rate, revenue growth, profit margin and future P/E after a mix of recent target cuts and downgrades alongside earlier target increases and a bullish initiation.